PUBLISHER: The Business Research Company | PRODUCT CODE: 1754823
PUBLISHER: The Business Research Company | PRODUCT CODE: 1754823
High voltage electric heaters are specialized heating devices designed to generate and distribute heat efficiently in electric and hybrid vehicles. These heaters are essential for maintaining cabin comfort, defrosting windshields and ensuring optimal battery performance in cold conditions. Unlike conventional internal combustion engine (ICE) vehicles, which rely on waste heat from the engine for heating, electric vehicles (EVs) and hybrid electric vehicles (HEVs) require dedicated heating systems powered by electricity. These heaters are crucial for EVs, especially in cold climates, where they help maintain performance and comfort without significantly reducing driving range.
The high voltage electric heater market consists of sales, by entities (organizations, sole traders, or partnerships), of high voltage electric heater that manufacture and supply high voltage electric heaters for use in various electric and hybrid vehicle applications. These heaters are commonly used in passenger cars, light commercial vehicles (LCVs) and heavy commercial vehicles (HCVs) to provide rapid and efficient heating.
The global high voltage electric heater market was valued at $1,403.91 million in 2019 which grew till 2024 at a compound annual growth rate (CAGR) of more than 12.00%.
The Increase In Demand For Electric Vehicles
The increase in demand for electric vehicles fueled the growth of the high voltage electric heater market during the historic period. Electric vehicles are automobiles powered by electric motors using energy stored in rechargeable batteries, offering a sustainable alternative to conventional fuel-powered vehicles. The increase in demand for electric vehicles is driven by environmental concerns, technological advancements, government incentives and lower operating costs, with environmental concerns being a key factor as electric vehicles (EVs) produce zero tailpipe emissions, directly reducing air pollution and dependency on fossil fuels. High-voltage electric heaters are essential in meeting the increasing demand for electric vehicles by efficiently managing cabin heating and battery thermal regulation, thereby enhancing performance, energy efficiency and overall user experience. For instance, in January 2024, according to the International Council on Clean Transportation, a US-based non-profit organization, since the third quarter of 2021, quarterly electric vehicle (EV) sales have consistently risen, with their share of total light-duty vehicle sales climbing from approximately 3% in the first quarter of 2021 to over 10% by the third quarter of 2023. Therefore, the increase in demand for electric vehicles drove the growth of the high voltage electric heater market.
Advancing High-Voltage Electric Heaters For Efficient EV Heating Solutions
Major companies operating in the high voltage electric heater market are developing innovative products such as the high-voltage electric heater to enhance heating efficiency and energy management in electric vehicles. A high-voltage electric heater is a device that converts direct current (DC) electrical energy into heat with minimal losses, commonly used in electric and hybrid vehicles to efficiently provide cabin and battery heating through convection and radiation. For instance, in March 2024, Webasto Group, a Germany-based manufacturer of vehicle roofs and solutions for e-mobility such as batteries and heaters, launched the HVH 100 Compact, HVH 100 Compact+ and HVH 120, a new range of High Voltage Electric Heaters (HVH) designed for electric vehicles, trucks, buses and specialized machinery. These heaters efficiently convert direct electric current into heat with over 95% energy efficiency, ensuring minimal energy loss while delivering 10 to 12 kilowatts (kW) of heating power. Notably, their compact and lightweight design enhances flexibility in vehicle integration, while advanced safety features, including active discharge support and cybersecurity compliance with the International Organization for Standardization (ISO) 21434 certification, ensure secure and reliable operation.
The global high voltage electric heater market is concentrated, with a small number of large players dominating the market. The top ten competitors in the market made up to 45.77% of the total market in 2023.
High Voltage Electric Heater Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global high voltage electric heater market as it emerges from the COVID-19 shut down.
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 history and forecasts market growth by geography. It places the market within the context of the wider high voltage electric heater market; and compares it with other markets.