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High Voltage Electric Heater Global Market Report 2024

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    Report

  • 175 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5783023
The high voltage electric heater market size has grown exponentially in recent years. It will grow from $2.12 billion in 2023 to $2.6 billion in 2024 at a compound annual growth rate (CAGR) of 22.5%. The growth observed in the historical period can be attributed to the rising demand for energy-efficient solutions, industrialization, and urbanization, as well as infrastructure development, the electrification of transport, and the integration of renewable energy.

The high voltage electric heater market size is expected to see exponential growth in the next few years. It will grow to $5.73 billion in 2028 at a compound annual growth rate (CAGR) of 21.8%. The anticipated growth in the forecast period can be attributed to the global shift towards electric vehicles, the integration of digitalization and the Internet of Things (IoT), the electrification of agriculture, a continued focus on sustainability, and the rise in consumer electronics. Major trends expected in the forecast period include the adoption of decentralized energy solutions, the development of carbon-neutral heating solutions, the emergence of Electric Heater as a Service (EHaas) models, advancements in energy harvesting technologies, and the application of 3D printing in manufacturing.

The high voltage electric heater market is experiencing growth due to the increasing demand for electric vehicles. Electric vehicles, powered by electric motors, are witnessing higher demand as consumers seek alternatives to traditional fuel-powered vehicles. The adoption of high voltage electric heaters in electric vehicles for efficient heat production aligns with the increasing demand for electric vehicle technology. Reports from the European Automobile Manufacturers Association and the Global EV Outlook emphasize the growing interest and spending on electric vehicles, driving the growth of the high voltage electric heater market.

The high-voltage electric heater market is expected to grow due to the growing focus on energy efficiency. Energy efficiency involves using less energy to perform the same task or produce the same result, reducing energy waste. High-voltage electric heaters, such as the High Voltage Heater (HVH), contribute to energy efficiency by converting nearly 100% of the electrical energy they consume into heat. As such its combustion heaters that burn fossil fuels and release pollutants, electric heaters produce no emissions. According to the International Energy Agency in 2022, global energy intensity is projected to decrease by approximately 4% annually throughout this decade, a significant increase from the 1.7% in the previous year. The growing emphasis on energy efficiency is expected to drive the growth of the high-voltage electric heater market.

Major companies are concentrating on developing advanced technologies with environmentally friendly solutions. For instance, in 2022, StreetScooter GmbH, a Germany-based automobile manufacturer, employs environmentally friendly heating solutions for e-mobility from Eberspaecher. The company customizes electric high-voltage heaters or ethanol heaters based on the vehicle type, ensuring effective and sustainable solutions. Eberspaecher, a Germany-based company, specializes in electric high-voltage heaters.

Major companies in the high-voltage electric heater market are focused on developing new innovations, such as the e-product, to strengthen their positions. The e-product in Cadillac, Michigan, refers to a new high-voltage coolant heater (HVCH) that BorgWarner Thermal Systems is set to launch at its existing facility in Cadillac, Michigan. In November 2021, BorgWarner Inc., a US-based innovative and sustainable mobility solutions company for the vehicle market, launched a new high-voltage coolant heater (HVCH). This heater is designed to manage cabin and battery temperatures, critical for vehicle efficiency in hybrid and pure electric vehicles.

In April 2022, BorgWarner, a US-based company engaged in propulsion solutions, technologies for combustion, and hybrid and electric vehicles, acquired Santroll Automotive Components for an undisclosed amount. This acquisition is designed to expedite market entry while strengthening BorgWarner's vertical integration, size, and product range in light vehicle e-motors. Santroll Automotive Components, a China-based company specializing in designing and manufacturing E-heaters for use in light vehicles, aligns with BorgWarner's strategic goals.

Major companies operating in the high voltage electric heater market report are DBK Group, LG Electronics, Mitsubishi Heavy Industries Ltd., BorgWarner Inc., Eberspächer Gruppe GmbH & Co. KG, Mahle GmbH, Webasto SE, NIBE Element, Smiths Group, OMEGA Engineering, Watlow Electric Manufacturing Company, Tutco Inc., Infrared Heating Technologies, Woory Corporation, CCI Thermal Technologies Inc., Chromalox, Tempco Electric Heater Corporation, Durex Industries, EXHEAT Ltd., S&A Manufacturing, Industrial Heater Corporation, Hotset America, Hi-Tech Elements, Ulanet, Elmatic Ltd., Warren Electric Corporation, Sigma Thermal, Backer Hotwatt Inc., Akinsun Heat Co. Ltd., Sinus-Jevi Electric Heating B.V., Kawai Electric Ltd., Thermo Heating Elements LLC, Kuhlmann Electro-Heat A/S, Dalton Electric Heating Co. Inc., Fenwal Controls of Japan Ltd., Nexthermal Corporation, Temp-Rite Electric Co., Watco Companies LLC, Accutherm International.

North America was the largest region in the high voltage electric heater market share in 2023. The regions covered in the high voltage electric heater market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the high voltage electric heater market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of high voltage electric heaters are air heaters and coolant heaters. Air heaters are utilized for heating air, including applications such as space heaters and forced air products. These heaters function by moving air over a heat source using a fan or blower, and forced air products control and regulate the temperature of the air. Heating potentials range from up to 4 kW, 4-7 kW, to above 7 kW, and they find application in passenger cars, LCVs, and HCVs. High voltage electric heaters are compatible with various vehicle technologies, including battery electric vehicles, plug-in hybrid electric vehicles, and hybrid electric vehicles.

The high voltage electric heaters market research report is one of a series of new reports that provides high voltage electric heaters market statistics, including high voltage electric heaters industry global market size, regional shares, competitors with a high voltage electric heaters market share, detailed high voltage electric heaters market segments, market trends and opportunities, and any further data you may need to thrive in the high voltage electric heaters industry. This high voltage electric heaters market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The high voltage electric heater market consists of sales of electric compressor, heating core radiator, oil filled core, and ceramic dry core. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. High Voltage Electric Heater Market Characteristics3. High Voltage Electric Heater Market Trends and Strategies
4. High Voltage Electric Heater Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global High Voltage Electric Heater Market Size and Growth
5.1. Global High Voltage Electric Heater Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global High Voltage Electric Heater Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global High Voltage Electric Heater Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. High Voltage Electric Heater Market Segmentation
6.1. Global High Voltage Electric Heater Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Air Heaters
  • Coolant Heaters
6.2. Global High Voltage Electric Heater Market, Segmentation by Heating Potential, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Up to 4 KW
  • 4-7 KW
  • Above 7 KW
6.3. Global High Voltage Electric Heater Market, Segmentation by Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Passenger Cars
  • LCVs
  • HCVs
6.4. Global High Voltage Electric Heater Market, Segmentation by Vehicle Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Battery Electric Vehicles
  • Plug-in Hybrid Electric Vehicles
  • Hybrid Electric Vehicles
7. High Voltage Electric Heater Market Regional and Country Analysis
7.1. Global High Voltage Electric Heater Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global High Voltage Electric Heater Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific High Voltage Electric Heater Market
8.1. Asia-Pacific High Voltage Electric Heater Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific High Voltage Electric Heater Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific High Voltage Electric Heater Market, Segmentation by Heating Potential, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific High Voltage Electric Heater Market, Segmentation by Vehicle Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China High Voltage Electric Heater Market
9.1. China High Voltage Electric Heater Market Overview
9.2. China High Voltage Electric Heater Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China High Voltage Electric Heater Market, Segmentation by Heating Potential, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China High Voltage Electric Heater Market, Segmentation by Vehicle Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India High Voltage Electric Heater Market
10.1. India High Voltage Electric Heater Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India High Voltage Electric Heater Market, Segmentation by Heating Potential, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India High Voltage Electric Heater Market, Segmentation by Vehicle Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan High Voltage Electric Heater Market
11.1. Japan High Voltage Electric Heater Market Overview
11.2. Japan High Voltage Electric Heater Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan High Voltage Electric Heater Market, Segmentation by Heating Potential, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan High Voltage Electric Heater Market, Segmentation by Vehicle Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia High Voltage Electric Heater Market
12.1. Australia High Voltage Electric Heater Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia High Voltage Electric Heater Market, Segmentation by Heating Potential, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia High Voltage Electric Heater Market, Segmentation by Vehicle Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia High Voltage Electric Heater Market
13.1. Indonesia High Voltage Electric Heater Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia High Voltage Electric Heater Market, Segmentation by Heating Potential, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia High Voltage Electric Heater Market, Segmentation by Vehicle Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea High Voltage Electric Heater Market
14.1. South Korea High Voltage Electric Heater Market Overview
14.2. South Korea High Voltage Electric Heater Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea High Voltage Electric Heater Market, Segmentation by Heating Potential, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea High Voltage Electric Heater Market, Segmentation by Vehicle Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe High Voltage Electric Heater Market
15.1. Western Europe High Voltage Electric Heater Market Overview
15.2. Western Europe High Voltage Electric Heater Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe High Voltage Electric Heater Market, Segmentation by Heating Potential, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe High Voltage Electric Heater Market, Segmentation by Vehicle Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK High Voltage Electric Heater Market
16.1. UK High Voltage Electric Heater Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK High Voltage Electric Heater Market, Segmentation by Heating Potential, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK High Voltage Electric Heater Market, Segmentation by Vehicle Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany High Voltage Electric Heater Market
17.1. Germany High Voltage Electric Heater Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany High Voltage Electric Heater Market, Segmentation by Heating Potential, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany High Voltage Electric Heater Market, Segmentation by Vehicle Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France High Voltage Electric Heater Market
18.1. France High Voltage Electric Heater Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France High Voltage Electric Heater Market, Segmentation by Heating Potential, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France High Voltage Electric Heater Market, Segmentation by Vehicle Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy High Voltage Electric Heater Market
19.1. Italy High Voltage Electric Heater Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy High Voltage Electric Heater Market, Segmentation by Heating Potential, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy High Voltage Electric Heater Market, Segmentation by Vehicle Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain High Voltage Electric Heater Market
20.1. Spain High Voltage Electric Heater Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain High Voltage Electric Heater Market, Segmentation by Heating Potential, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain High Voltage Electric Heater Market, Segmentation by Vehicle Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe High Voltage Electric Heater Market
21.1. Eastern Europe High Voltage Electric Heater Market Overview
21.2. Eastern Europe High Voltage Electric Heater Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe High Voltage Electric Heater Market, Segmentation by Heating Potential, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe High Voltage Electric Heater Market, Segmentation by Vehicle Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia High Voltage Electric Heater Market
22.1. Russia High Voltage Electric Heater Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia High Voltage Electric Heater Market, Segmentation by Heating Potential, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia High Voltage Electric Heater Market, Segmentation by Vehicle Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America High Voltage Electric Heater Market
23.1. North America High Voltage Electric Heater Market Overview
23.2. North America High Voltage Electric Heater Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America High Voltage Electric Heater Market, Segmentation by Heating Potential, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America High Voltage Electric Heater Market, Segmentation by Vehicle Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA High Voltage Electric Heater Market
24.1. USA High Voltage Electric Heater Market Overview
24.2. USA High Voltage Electric Heater Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA High Voltage Electric Heater Market, Segmentation by Heating Potential, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA High Voltage Electric Heater Market, Segmentation by Vehicle Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada High Voltage Electric Heater Market
25.1. Canada High Voltage Electric Heater Market Overview
25.2. Canada High Voltage Electric Heater Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada High Voltage Electric Heater Market, Segmentation by Heating Potential, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada High Voltage Electric Heater Market, Segmentation by Vehicle Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America High Voltage Electric Heater Market
26.1. South America High Voltage Electric Heater Market Overview
26.2. South America High Voltage Electric Heater Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America High Voltage Electric Heater Market, Segmentation by Heating Potential, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America High Voltage Electric Heater Market, Segmentation by Vehicle Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil High Voltage Electric Heater Market
27.1. Brazil High Voltage Electric Heater Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil High Voltage Electric Heater Market, Segmentation by Heating Potential, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil High Voltage Electric Heater Market, Segmentation by Vehicle Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East High Voltage Electric Heater Market
28.1. Middle East High Voltage Electric Heater Market Overview
28.2. Middle East High Voltage Electric Heater Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East High Voltage Electric Heater Market, Segmentation by Heating Potential, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East High Voltage Electric Heater Market, Segmentation by Vehicle Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa High Voltage Electric Heater Market
29.1. Africa High Voltage Electric Heater Market Overview
29.2. Africa High Voltage Electric Heater Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa High Voltage Electric Heater Market, Segmentation by Heating Potential, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa High Voltage Electric Heater Market, Segmentation by Vehicle Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. High Voltage Electric Heater Market Competitive Landscape and Company Profiles
30.1. High Voltage Electric Heater Market Competitive Landscape
30.2. High Voltage Electric Heater Market Company Profiles
30.2.1. DBK Group
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. LG Electronics
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Mitsubishi Heavy Industries Ltd.
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. BorgWarner Inc.
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. Eberspächer Gruppe GmbH & Co. KG
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. High Voltage Electric Heater Market Other Major and Innovative Companies
31.1. Mahle Gmbh
31.2. Webasto SE
31.3. NIBE Element
31.4. Smiths Group
31.5. OMEGA Engineering
31.6. Watlow Electric Manufacturing Company
31.7. Tutco Inc.
31.8. Infrared Heating Technologies
31.9. Woory Corporation
31.10. CCI Thermal Technologies Inc.
31.11. Chromalox
31.12. Tempco Electric Heater Corporation
31.13. Durex Industries
31.14. EXHEAT Ltd.
31.15. S&A Manufacturing
32. Global High Voltage Electric Heater Market Competitive Benchmarking33. Global High Voltage Electric Heater Market Competitive Dashboard34. Key Mergers and Acquisitions in the High Voltage Electric Heater Market
35. High Voltage Electric Heater Market Future Outlook and Potential Analysis
35.1 High Voltage Electric Heater Market in 2028 - Countries Offering Most New Opportunities
35.2 High Voltage Electric Heater Market in 2028 - Segments Offering Most New Opportunities
35.3 High Voltage Electric Heater Market in 2028 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

High Voltage Electric Heater Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on high voltage electric heater market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for high voltage electric heater? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report Scope

Markets Covered:
1) By Type: Air Heaters; Coolant Heaters
2) By Heating Potential: Up to 4 KW; 4-7 KW; Above 7 KW
3) By Vehicle: Passenger Cars; LCVs; HCVs
4) By Vehicle Technology: Battery Electric Vehicles; Plug-in Hybrid Electric Vehicles; Hybrid Electric Vehicles

Key Companies Mentioned: DBK Group; LG Electronics; Mitsubishi Heavy Industries Ltd.; BorgWarner Inc.; Eberspächer Gruppe GmbH & Co. KG

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned

  • DBK Group
  • LG Electronics
  • Mitsubishi Heavy Industries Ltd.
  • BorgWarner Inc.
  • Eberspächer Gruppe GmbH & Co. KG
  • Mahle GmbH
  • Webasto SE
  • NIBE Element
  • Smiths Group
  • OMEGA Engineering
  • Watlow Electric Manufacturing Company
  • Tutco Inc.
  • Infrared Heating Technologies
  • Woory Corporation
  • CCI Thermal Technologies Inc.
  • Chromalox
  • Tempco Electric Heater Corporation
  • Durex Industries
  • EXHEAT Ltd.
  • S&A Manufacturing
  • Industrial Heater Corporation
  • Hotset America
  • Hi-Tech Elements
  • Ulanet
  • Elmatic Ltd.
  • Warren Electric Corporation
  • Sigma Thermal
  • Backer Hotwatt Inc.
  • Akinsun Heat Co. Ltd.
  • Sinus-Jevi Electric Heating B.V.
  • Kawai Electric Ltd.
  • Thermo Heating Elements LLC
  • Kuhlmann Electro-Heat A/S
  • Dalton Electric Heating Co. Inc.
  • Fenwal Controls of Japan Ltd.
  • Nexthermal Corporation
  • Temp-Rite Electric Co.
  • Watco Companies LLC
  • Accutherm International

Methodology

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