The global high voltage electric heater market was valued at USD 1.40 billion in 2019 and is expected to grow at a CAGR of 22.6% during the forecast period. These are the heating devices generating enough heat according to the comfort of the passengers. These devices either use electricity and battery powered energy source. The wastage of heat in electric vehicles is controlled by these electric heaters, via discharging air into the vehicle through installed heat exchanger. The factors responsible for its growth include strong government push in terms of monetary assistance and favorable policy to drive private sector involvement. In line with this, technology companies are coming up with innovative solutions,
New production plants for high voltage heater manufacturing, being opened by leading manufacturers to cater to the demand from hybrid & battery electric vehicles, are likely to influence the future demand and sales of high voltage electric heater. Eberspaecher’s new automotive electric heaters production plant-based in Tianjin is a great example of such installments. Eberspaecher seeks re-invigorating its local footprint through this new facility for tapping the rapidly expanding passenger car industry in China, especially for electric vehicles. Increasing investment in developing innovative solutions by BorgWarner to cater to the increasing demand for devices in electric and hybrid vehicles.
Post time: May-23-2023
