Global High Voltage Electric Heater Market: Introduction
The increase in environmental concerns has led to a rise in the adoption of low polluting vehicles, such as electric and hybrid vehicles. The benefits offered by these vehicles are anticipated to grow the market considerably in the future. Factors like lack of wasted heat generation in electric and hybrid vehicles are now overcome by a device known as a high voltage electric heater. Many countries in the North American and European regions are cold countries, where the adoption of electric and fuel-cell powered vehicles are high, which generates the requirement for such heating devices, since minimal heat is required to keep the windows clean from fog and to develop comfort in the cars. High voltage electric heaters are heating devices which convert electricity into heat in order to generate sufficient heat within the vehicle for the comfort of passengers. These heating systems discharge air with controlled temperature into the interior of the vehicle by a heat exchanger.
Global High Voltage Electric Heater Market: Market Dynamics High Voltage Electric Heater Market Drivers: High voltage electric heaters are compact in size, and are very light weighted, which makes them suitable to be used in electric and hybrid vehicles. Also, the output heat generated from these devices is highly variable, which drives the usage of these devices, thereby driving the growth of the high voltage electric heater market. These devices are easily available due to the ease in the availability of all the materials required to manufacture them. Also, the high efficiency of these devices is expected to drive the growth of the high voltage electric heater market in the future.
High Voltage Electric Heater Market Restraints: In case of high temperatures, these devices can create very low humidity. The installation and maintenance of these devices is a complex task too. Also, proper ventilation has to be assured when installed in a car. There are also certain safety issues involved with these high voltage electric heaters. Such factors restrain car manufacturers from adopting such devices, thereby hampering the growth of the high voltage electric heater market.
High Voltage Electric Heater Market Trends: : There is increasing investment in developing innovative solutions by companies such as BogWarner to cater to the increasing demand for devices in electric and hybrid vehicles. The in-house development of these devices is trending in the market. Also, trends such as eletromobility are giving rise to the manufacturing of innovative high voltage electric heaters.
Global High Voltage Electric Heater Market: Regional Outlook : Asia Pacific is expected to witness massive growth in the high voltage electric heater market, due to the estimated growth in the automotive sector in emerging economies, such as China and India, over the forecast period. The U.S. is expected to be the leading automotive and automobile market in North America. Hence, the region is estimated to grow at a substantial CAGR during the forecast period, owing to the high demand for high voltage electric heaters in the growing automotive sector in the region. Western Europe, in particular, is projected to upkeep the growth of the high voltage electric heater market, due to the cold weather in the region. Japan is expected to support the growth of the high voltage electric heater market over the forecast period, owing to the increasing demand from electric vehicle manufacturers in this region.
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