Stringent Policies on Zero-Emission Vehicles to Catalyze High Voltage Electric Heater Demand
The emission of carbon dioxide and other pollutants from automobiles is one of the main concerns of environmental organizations and government agencies. Gradually, various governments have planned to phase out gasoline or diesel-fueled vehicles and have set up plans for the deployment of electric vehicles. Countries such as Norway, Netherlands, UK, Denmark, France, China, India, South Korea, Canada, Mexico, among others have implemented various incentives and subsidy programs to attract consumers to purchase electric vehicles. These incentive programs have resulted in swift growth of electric vehicles globally. However, to further accelerate the growth of electric vehicles many countries have planned to ban or phase out the use of IC (Internal Combustion engine vehicles in next 10-15 years.
In internal combustion engine driven vehicles the waste heat generated in the engine is further utilized for heating requirements. As electric vehicles have no primary heating sources, therefore high voltage electric heaters are used in lieu. Owing to this, Fact.MR projects that the growing demand for electric vehicles directly propels the high voltage electric heaters market, and will create an absolute opportunity of US$ 8.2 Bn by the end of the forecast period
HEV’s Account for 40% of High Voltage Electric Heater Market as Electric Vehicles Sales Soar
Growing adoption of electric vehicles worldwide is foreseen to create more opportunities for high voltage electric heaters market in the near future. Fact.MR projects that high voltage electric heaters market will experience a ten-fold increase and will hurtle towards the US$ 9 Bn mark by the end of the forecast period (2019-2029).
In the high voltage electric heater market, currently, HEVs are the most prominent vehicle technology, and hold more than 40% of the high voltage electric heater market. However, PHEVs and BEVs will slow down the pace of HEVs owing to the growth in the number charging stations. The growth of PHEVs and BEVs will also impact the demand of high voltage electric heaters and it is projected that demand for high voltage electric heaters from PHEVs and BEVs will grow at a significant pace of more than 20% .
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Coolant Heaters to Show Prolific Growth as Air Heaters Take a Back Seat
According to the report, increasing focus on sustainable and cost-effective products is contributing to the build-up of high voltage electric heaters market through 2029. Automakers are gradually adopting a coolant heaters because of its dual advantage of improving battery performance and cabin heating; the coolant heater market is growing at a substantial pace to compete with the air heater. In terms of market value, the air heater segment is estimated to dominate the market for few years but gradually, coolant heaters will replace air heaters and see an uptick in demand. Coolant heaters will experience a significant growth and will observe an absolute dollar opportunity of about US$ 4.5 Bn from 2019 to 2029.
Sales of High Voltage Electric Heaters see an Upward Trend in Passenger Cars
Passenger cars are projected to be the most prominent vehicle type for high voltage electric heaters, owing to significant sales of electric passenger cars. In the overall electric vehicle market, passenger cars hold more than 90% of the overall sales of electric vehicles, whereas demand for electric commercial vehicles is at present, at a nascent stage. It is estimated that demand for high voltage electric heaters in passenger cars will witness an absolute opportunity of more than US$ 7 Bn during the forecast period.
Product Innovation and Plant Expansion to Remain Key Market Imperatives in the High Voltage Electric Heaters Market
The high voltage electric heater market is currently moderately consolidated, however, as the adoption of electric vehicles increases, the market will be move towards being fragmented. Prominent players such as BorgWarner, Eberspaecher, and Webasto are focused on growing their market reach by expanding their production facilities.
- For instance in 2019, BorgWarner and Webasto expanded their production facility in India and Mexico respectively.
- East Asia being a prominent market for electric vehicles has attracted key manufacturers to start new manufacturing facilities for electric vehicle products including high voltage electric heaters.
- In 2018, BorgWarner and Eberspaecher started a new facility to cater to the rising demand for electric vehicle products in China. Along with this, the companies are also launching new products to provide advanced and innovative products to their customers.
- BorgWarner also launched a high voltage coolant heater that improves battery performance of hybrid and electric vehicles with single plate and dual plate versions in a robust aluminum housing.
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High Voltage Electric Heaters Market - Scope of the Report
Fact.MR recently published a market study on the global market for high voltage electric heaters. The study provides detailed assessment on the key market dynamics, including drivers, trends, opportunities, restraints, and detailed information about the high voltage electric heaters market structure. The market study presents exclusive information about how the high voltage electric heaters market will grow during the forecast period of 2019-2029.
Key indicators of market growth, which include Year-on-Year (Y-o-Y) growth of the market, value chain, supply chain analysis, and Compounded Annual Growth Rate (CAGR) are explained in Fact. MR’s study in a comprehensive manner. This information can help readers understand the quantitative growth prospects of the high voltage electric heaters market in the forecast period.
The study is relevant for stakeholders in the high voltage electric heaters market, including manufacturers, suppliers, distributors, and investors, and can help them in developing appropriate strategies to grow in the market. Stakeholders in the high voltage electric heaters market, investors, industry experts, researchers, and journalists, as well as business researchers can leverage the information and data presented in the Fact.MR study.
The study also includes statistics as well as facts related to macro as well as microeconomic factors that are impacting developments in the high voltage electric heaters market. It also offers actionable insights based on future trends in the high voltage electric heaters market. Furthermore, small businesses and new entrants in the high voltage electric heaters market too can make use of the information presented in this study, based on which, they can make appropriate business decisions in order to gain momentum in the market.
Key Segments of the High Voltage Electric Heaters Market
Fact.MR’s study on the high voltage electric heaters market offers information divided into five important segments-product, vehicle technology, vehicle type, maximum heating performance and country-wise analysis. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.
|
Product |
Vehicle Technology |
Vehicle Type |
Maximum Heating Performance |
Country |
|
Air Heater |
BEV |
Passenger Cars |
Up to 4 kw |
China |
|
Coolant Heater
|
PHEV |
LCV |
4-7 kw |
France |
|
|
HEV |
HCV |
Above 7 kw |
Germany |
|
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|
|
|
Japan |
|
|
|
|
|
South Korea |
|
|
|
|
|
UK |
|
|
|
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US |
|
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Rest of the World |
Key Questions Answered in the Fact.MR High Voltage Electric Heaters Market Report
- Which regions will continue to remain the most profitable regional markets for high voltage electric heaters market players?
- Which factors will induce a change in the demand for high voltage electric heaters during the assessment period?
- How will changing trends impact the high voltage electric heaters market?
- How can market players capture the low-hanging opportunities in the high voltage electric heaters market in developed regions?
- Which companies are leading the high voltage electric heaters market?
- What are the winning strategies of stakeholders in the high voltage electric heaters market to upscale their position in this landscape?
High Voltage Electric Heaters Market: Research Methodology
In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the high voltage electric heaters market, and reach conclusions on future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of conclusions.
Secondary resources referred to analysts during the production of the high voltage electric heaters market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, who have contributed to the development of this report as a primary resource.
1. Global High Voltage Electric Heaters Market - Executive Summary
1.1. Global Market Overview
1.2. Fact.MR Analysis
2. Global High Voltage Electric Heaters Market Overview
2.1. Introduction and Definition
2.2. Research Scope
3. Global High Voltage Electric Heaters Market Background
3.1. Global Vehicle Outlook
3.1.1. Vehicle Production Scenario by Region (Units), 2018
3.1.2. Global Vehicle Production Y-o-Y Growth Analysis
3.1.3. Electric Vehicle Sales Scenario by Region (Units), 2018
3.1.4. Global Electric Vehicle Sale Y-o-Y Growth Analysis
3.2. Global Electric Vehicle Outlook
3.2.1. Electric Passenger Car Sales (‘000 Units), (BEV & PHEV) by Country, 2013-2018
3.2.2. Battery Electric Car (BEV) Sale (‘000 Units) by Country, 2013-2018
3.2.3. Plug-in Hybrid Electric Car (PHEV) Sale (‘000 Units) by Country, 2013-2018
3.2.4. Electric Light Commercial Vehicle (BEV & PHEV) Sale (‘000 Units) by Country, 2013-2018
3.2.5. Electric Car Stock (BEV and PHEV) by Country, 2013-18 (‘000 Units)
3.2.6. Battery Electric Car (BEV) Stock by Country, 2013-18 (‘000 Units)
3.2.7. Plug-in Hybrid Electric Car (PHEV) Stock by Country, 2013-18 (‘000 Units)
3.2.8. Countries Announcement for 100% Zero Emission Vehicle (ZEV) Sales Targets on ICE Vehicle Sale
3.2.9. OEM Announcements Related to Electric Cars
3.2.10. Key government policy measures and targets for development of charging infrastructure
3.2.11. Electric Vehicle Index Development of Selected Countries
3.2.12. Total Subsidies in EV Price, %
3.3. Global EV Pilot City Programme Members
3.4. EV-Related Policies in Prominent Regions
3.5. High Voltage Electric Heaters Market: Supply Chain Analysis
4. Global High Voltage Electric Heaters Market Dynamics
5. Global High Voltage Electric Heaters Market – Price Point Analysis
5.1. Price Point Assessment by Product Type, 2018
5.2. Price Point Assessment by Country, 2018
6. Global High Voltage Electric Heaters Market Value (US$ Mn) and Volume (‘000 Units) Analysis 2014-2018 and Forecast, 2019-2029
6.1. Historical Market Value (US$ Mn) Analysis, 2014-2018
6.2. Current and Future Market Value (US$ Mn) Projections, 2019-2029
6.2.1. Y-o-Y Growth Trend Analysis
6.2.2. Absolute $ Opportunity Analysis
7. Global High Voltage Electric Heaters Market Analysis 2014-2018 and Forecast 2019-2029, by Product Type
7.1. Historical Market Size (US$ Mn) and Volume (‘000 Units) Analysis By Product Type, 2014 - 2018
7.2. Current and Future Market Size (US$ Mn) and Volume (‘000 Units) Analysis and Forecast By Product Type, 2019 - 2029
7.2.1. Air Heater
7.2.2. Coolant Heater
7.3. Market Attractiveness Analysis By Product Type
8. Global High Voltage Electric Heaters Market Analysis 2014-2018 and Forecast 2019-2029, by Vehicle Technology
8.1. Historical Market Size (US$ Mn) and Volume (‘000 Units) Analysis By Vehicle Technology, 2014 - 2018
8.2. Current and Future Market Size (US$ Mn) and Volume (‘000 Units) Analysis and Forecast By Vehicle Technology, 2019 - 2029
8.2.1. Battery Electric Vehicle (BEV)
8.2.2. Plug-in Hybrid Electric Vehicle (PHEV)
8.2.3. Hybrid Electric Vehicle (HEV)
8.3. Market Attractiveness Analysis By Vehicle Technology
9. Global High Voltage Electric Heaters Market Analysis 2014-2018 and Forecast 2019-2029, by Vehicle Type
9.1. Historical Market Size (US$ Mn) and Volume (‘000 Units) Analysis By Vehicle Type, 2014 - 2018
9.2. Current Market Size (US$ Mn) and Volume (‘000 Units) Analysis and Forecast By Vehicle Type, 2019 - 2029
9.2.1. Passenger Car
9.2.2. Light Commercial Vehicle (LCV)
9.2.3. Heavy Commercial Vehicle (HCV)
9.3. Market Attractiveness Analysis By Vehicle Type
10. Global High Voltage Electric Heaters Market Analysis 2014-2018 and Forecast 2019-2029, by Maximum Heating Performance
10.1. Historical Market Size (US$ Mn) and Volume (‘000 Units) Analysis By Maximum Heating Performance, 2014 - 2018
10.2. Current Market Size (US$ Mn) and Volume (‘000 Units) Analysis and Forecast By Maximum Heating Performance, 2019 - 2029
10.2.1. Up to 4 Kw
10.2.2. 4-7 Kw
10.2.3. Above 7 kW
10.3. Market Attractiveness Analysis By Maximum Heating Performance
11. China High Voltage Electric Heaters Market Analysis 2014-2018 and Forecast 2019-2029
11.1. Historical Market Size (US$ Mn) and Value (‘000 Units) Trend Analysis By Market Taxonomy, 2014 - 2018
11.2. Market Size (US$ Mn) and Value (‘000 Units) Forecast By Market Taxonomy, 2019 - 2029
11.2.1. By Product Type
11.2.2. By Vehicle Technology
11.2.3. By Vehicle Type
11.2.4. By Maximum Heating Performance
11.3. Market Attractiveness Analysis
11.3.1. By Product Type
11.3.2. By Vehicle Technology
11.3.3. By Vehicle Type
11.3.4. By Maximum Heating Performance
12. France High Voltage Electric Heaters Market Analysis 2014-2018 and Forecast 2019-2029
12.1. Historical Market Size (US$ Mn) and Value (‘000 Units) Trend Analysis By Market Taxonomy, 2014 - 2018
12.2. Market Size (US$ Mn) and Value (‘000 Units) Forecast By Market Taxonomy, 2019 - 2029
12.2.1. By Product Type
12.2.2. By Vehicle Technology
12.2.3. By Vehicle Type
12.2.4. By Maximum Heating Performance
12.3. Market Attractiveness Analysis
12.3.1. By Product Type
12.3.2. By Vehicle Technology
12.3.3. By Vehicle Type
12.3.4. By Maximum Heating Performance
13. Germany High Voltage Electric Heaters Market Analysis 2014-2018 and Forecast 2019-2029
13.1. Historical Market Size (US$ Mn) and Value (‘000 Units) Trend Analysis By Market Taxonomy, 2014 - 2018
13.2. Market Size (US$ Mn) and Value (‘000 Units) Forecast By Market Taxonomy, 2019 - 2029
13.2.1. By Product Type
13.2.2. By Vehicle Technology
13.2.3. By Vehicle Type
13.2.4. By Maximum Heating Performance
13.3. Market Attractiveness Analysis
13.3.1. By Product Type
13.3.2. By Vehicle Technology
13.3.3. By Vehicle Type
13.3.4. By Maximum Heating Performance
14. Japan High Voltage Electric Heaters Market Analysis 2014-2018 and Forecast 2019-2029
14.1. Historical Market Size (US$ Mn) and Value (‘000 Units) Trend Analysis By Market Taxonomy, 2014 - 2018
14.2. Market Size (US$ Mn) and Value (‘000 Units) Forecast By Market Taxonomy, 2019 - 2029
14.2.1. By Product Type
14.2.2. By Vehicle Technology
14.2.3. By Vehicle Type
14.2.4. By Maximum Heating Performance
14.3. Market Attractiveness Analysis
14.3.1. By Product Type
14.3.2. By Vehicle Technology
14.3.3. By Vehicle Type
14.3.4. By Maximum Heating Performance
15. South Korea High Voltage Electric Heaters Market Analysis 2014-2018 and Forecast 2019-2029
15.1. Historical Market Size (US$ Mn) and Value (‘000 Units) Trend Analysis By Market Taxonomy, 2014 - 2018
15.2. Market Size (US$ Mn) and Value (‘000 Units) Forecast By Market Taxonomy, 2019 - 2029
15.2.1. By Product Type
15.2.2. By Vehicle Technology
15.2.3. By Vehicle Type
15.2.4. By Maximum Heating Performance
15.3. Market Attractiveness Analysis
15.3.1. By Product Type
15.3.2. By Vehicle Technology
15.3.3. By Vehicle Type
15.3.4. By Maximum Heating Performance
16. UK High Voltage Electric Heaters Market Analysis 2014-2018 and Forecast 2019-2029
16.1. Historical Market Size (US$ Mn) and Value (‘000 Units) Trend Analysis By Market Taxonomy, 2014 - 2018
16.2. Market Size (US$ Mn) and Value (‘000 Units) Forecast By Market Taxonomy, 2019 - 2029
16.2.1. By Product Type
16.2.2. By Vehicle Technology
16.2.3. By Vehicle Type
16.2.4. By Maximum Heating Performance
16.3. Market Attractiveness Analysis
16.3.1. By Product Type
16.3.2. By Vehicle Technology
16.3.3. By Vehicle Type
16.3.4. By Maximum Heating Performance
17. U.S High Voltage Electric Heaters Market Analysis 2014-2018 and Forecast 2019-2029
17.1. Historical Market Size (US$ Mn) and Value (‘000 Units) Trend Analysis By Market Taxonomy, 2014 - 2018
17.2. Market Size (US$ Mn) and Value (‘000 Units) Forecast By Market Taxonomy, 2019 - 2029
17.2.1. By Product Type
17.2.2. By Vehicle Technology
17.2.3. By Vehicle Type
17.2.4. By Maximum Heating Performance
17.3. Market Attractiveness Analysis
17.3.1. By Product Type
17.3.2. By Vehicle Technology
17.3.3. By Vehicle Type
17.3.4. By Maximum Heating Performance
18. Rest of World High Voltage Electric Heaters Market Analysis 2014-2018 and Forecast 2019-2029
18.1. Historical Market Size (US$ Mn) and Value (‘000 Units) Trend Analysis By Market Taxonomy, 2014 - 2018
18.2. Market Size (US$ Mn) and Value (‘000 Units) Forecast By Market Taxonomy, 2019 - 2029
18.2.1. By Product Type
18.2.2. By Vehicle Technology
18.2.3. By Vehicle Type
18.2.4. By Maximum Heating Performance
18.3. Market Attractiveness Analysis
18.3.1. By Product Type
18.3.2. By Vehicle Technology
18.3.3. By Vehicle Type
18.3.4. By Maximum Heating Performance
19. Market Structure Analysis
19.1. Global High Voltage Electric Heaters – Market Structure
19.2. Global High Voltage Electric Heaters Market - A Dashboard View
20. Company Profiles
20.1. BorgWarner Inc.
20.1.1. Company Overview
20.1.2. Key Developments
20.1.3. SWOT Analysis
20.2. Eberspächer Gruppe GmbH & Co. KG
20.2.1. Company Overview
20.2.2. Key Developments
20.2.3. SWOT Analysis
20.3. Webasto SE
20.3.1. Company Overview
20.3.2. Key Developments
20.3.3. SWOT Analysis
20.4. Mahle GmbH
20.4.1. Company Overview
20.4.2. Key Developments
20.4.3. SWOT Analysis
20.5. Worry Corporation
20.5.1. Company Overview
20.5.2. Key Developments
20.5.3. SWOT Analysis
20.6. DBK David + Baader GmbH
20.6.1. Company Overview
20.6.2. Key Developments
20.6.3. SWOT Analysis
20.7. LG Electronics Inc.
20.7.1. Company Overview
20.7.2. Key Developments
20.7.3. SWOT Analysis
20.8. Mitsubishi Heavy Industries Ltd.
20.8.1. Company Overview
20.8.2. Key Developments
20.8.3. SWOT Analysis
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High Voltage Electric Heaters Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029