High Voltage PTC Heaters for Electric and Hybrid Vehicles Market Size And Forecast
According to Verified Market Research, The Global High Voltage PTC Heaters for Electric and Hybrid Vehicles Market was valued at USD 1,098.72 Million in 2019 and is projected to reach USD 1,858.21Million by 2027, growing at a CAGR of 6.98% from 2020 to 2027.

The Global High Voltage PTC Heaters for Electric and Hybrid Vehicles Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global High Voltage PTC Heaters for Electric and Hybrid Vehicles Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.

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What is High Voltage PTC Heaters for Electric and Hybrid Vehicles?
Electric vehicle development has gained tremendous international attention due to growing environmental problems. Therefore, the mileage of electric vehicles becomes an important concern. However, air-conditioning systems have adverse effects on the mileage of electric vehicles. Automobiles with internal combustion engines use engine waste heat for heating. Unlike conventional-engine cars, electric cars’ energy efficiency is such that the amount of waste heat produced by their power engines is inadequate for heating purposes. Therefore, they need additional equipment as their main heating source. Currently, the more practical alternative is considered to be High Voltage Positive Temperature Coefficient (PTC) Heaters which are capable of achieving the required heating power, efficiency, and reliability.

Global High Voltage PTC Heaters for Electric and Hybrid Vehicles Market Overview
Electrical vehicles are self-contained through electric generators (to convert fuel to electricity), solar panels, or a battery. An electric vehicle is an alternative to fuel-based vehicle which itself is a major growth factor expected to boost the market growth. Moreover, the trend of reduction in vehicular emission due to stringent rules and regulations in several countries and the growth of public charging infrastructure in China, Norway, France, and other developed countries are further expected to drive the market growth.

In the past decade, the automotive industry has drastically transformed. The demand for electric vehicles and alternative fuel vehicles has increased due to stringent CO2 emission norms by the government. The new trend of the electric vehicles coupled with stringent government policies encouraging electric mobility.

Global High Voltage PTC Heaters for Electric and Hybrid Vehicles Market: Segmentation Analysis
The Global High Voltage PTC Heaters for Electric and Hybrid Vehicles Market is segmented on the basis of Product Type, Application, and Geography.

 Based on Product Type, the market is bifurcated into-based High Voltage PTC Heater and Water-based High Voltage PTC Heater. Air Based High Voltage PTC Heater accounted for the largest market share in 2019 and is projected to grow at a CAGR of 6.64% during the forecast period. Air-based PTC heaters are majorly being used for the cabin climatization purposes in both hybrids as well as electric vehicles. As part of the Heating, Ventilation and Air Conditioning (HVAC) system these heaters are engineered to increase the temperature of the air stream coming from the blower. They are composed of ceramic PTC components that have very low electrical resistance at low temperatures, allowing full current flow and high heat delivery

Global High Voltage PTC Heaters for Electric and Hybrid Vehicles Market by Application
 On the basis of Application, the Global High Voltage PTC Heaters for Electric and Hybrid Vehicles Market has been segmented into plug-In Hybrid Vehicle (PHEV), Battery Electric Vehicle (BEV), and Hybrid Electric Vehicle (HEV). Hybrid Electric Vehicle (HEV) accounted for the largest market share in 2019 and is anticipated to grow at the highest CAGR during the forecast period. The HEV market is growing due to high sales volumes in the developed economies. In addition, developing countries such as Mexico, India and Brazil are also introducing hybrid vehicles to meet the increasingly strict emission standards, as these cars are cheap compared to PHEVs (plug-in hybrid electric cars) and EVs.

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Global High Voltage PTC Heaters for Electric and Hybrid Vehicles Market by Geography
 On the basis of regional analysis, the Global High Voltage PTC Heaters for Electric and Hybrid Vehicles Market is classified into North America, Europe, Asia Pacific and the Rest of the world. Asia-Pacific accounted for the largest market share and Europe was the second largest in 2019. Asia Pacific is the fastest-growing region in the global high voltage PTC heaters for electric and hybrid vehicles market due to increasing sales of electric vehicles and higher adoption rates of green technologies in emerging countries, such as China, India, and South Korea.

Global High Voltage PTC Heaters for Electric and Hybrid Vehicles Market: Competitive Landscape
The “Global High Voltage PTC Heaters for Electric and Hybrid Vehicles Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players in the market are Eberspacher, Mitsubishi Heavy Industries,MAHLE Group, BorgWarner,and Others.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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