PUBLISHER: The Business Research Company | PRODUCT CODE: 1675556
PUBLISHER: The Business Research Company | PRODUCT CODE: 1675556
High voltage electric heaters are devices capable of withstanding high voltage, producing heat using electrical energy, and dispersing it through convection and radiation. Ideal for heating plug-in hybrids and battery electric automobiles, they utilize DC electric power with minimal losses.
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 from The Business Research Company 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 size has grown exponentially in recent years. It will grow from $2.58 billion in 2024 to $3.15 billion in 2025 at a compound annual growth rate (CAGR) of 22.2%. The growth in the historic period can be attributed to rising demand for energy-efficient solutions, industrialization and urbanization, infrastructure development, electrification of transport, renewable energy integration.
The high voltage electric heater market size is expected to see exponential growth in the next few years. It will grow to $6.96 billion in 2029 at a compound annual growth rate (CAGR) of 21.9%. The growth in the forecast period can be attributed to global shift towards electric vehicles, digitalization and IoT integration, electrification of agriculture, focus on sustainability, rise in consumer electronics. Major trends in the forecast period include decentralized energy solutions, carbon-neutral heating solutions, electric heater as a service (EHaaS), energy harvesting technologies, 3D printing in manufacturing.
The growth of the high voltage electric heater market is being driven by the rising demand for electric vehicles (EVs). Also known as battery electric vehicles (BEVs), these vehicles are powered by electric motors instead of internal combustion engines. Factors such as rising fuel prices and environmental concerns have contributed to the increased demand for electric vehicles. High voltage electric heaters are utilized in these vehicles to generate heat from direct current (DC) electric power with minimal losses. For example, a report published by the International Energy Agency (IEA) in 2023 indicated that global electric car sales surpassed 10 million units in 2022, representing 14% of all new cars sold that year. Additionally, the IEA projects that electric vehicle sales will continue to rise, with an expected increase to 14 million units by the end of 2023, reflecting a year-on-year growth of 35%. Therefore, the growing demand for electric vehicles is anticipated to significantly boost 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.
Key players in the high-voltage electric heater market are concentrating on new innovations, including the e-product, to enhance their market position. The e-product refers to a novel high-voltage coolant heater (HVCH) designed to optimize performance. For instance, in February 2024, Webasto, a Germany-based company known for developing and manufacturing automotive systems and components, launched three new high-voltage heaters (HVH): the 'HVH 100 Compact,' 'HVH 100 Compact+,' and 'HVH 120.' These heaters deliver between 10 to 12 kilowatts of heating power, effectively managing cabin and battery temperatures in electric vehicles. Their compact design and over 95% efficiency help optimize performance and extend the range of cars, trucks, and buses.
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 include DBK Group, Mitsubishi Heavy Industries Ltd., Eberspacher Gruppe GmbH & Co. KG, Mahle Gmbh, Webasto SE, NIBE Element, Smiths Group, OMEGA Engineering, Watlow Electric Manufacturing Company, Tutco Inc., 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 (Cardiff) 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., 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 2024. 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 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.
High Voltage Electric Heater Global Market Report 2025 from The Business Research Company 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.
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? The high voltage electric heater market global report from the Business Research Company 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 forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.