High VoltagePTC Heaters for Electric and Hybrid Vehicles Market Size And Forecast
Accordingto Verified Market Research, The Global High Voltage PTC Heaters for Electricand Hybrid Vehicles Market was valued at USD 1,098.72 Million in 2019 and isprojected to reach USD 1,858.21 Million by 2027, growing at a CAGR of 6.98% from 2020 to2027.

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

Whatis High Voltage PTC Heaters for Electric and Hybrid Vehicles?
Electricvehicle development has gained tremendous international attention due togrowing environmental problems. Therefore, the mileage of electric vehiclesbecomes an important concern. However, air-conditioning systems have adverseeffects on the mileage of electric vehicles. Automobiles with internalcombustion engines use engine waste heat for heating. Unlikeconventional-engine cars, electric cars’ energy efficiency is such that theamount of waste heat produced by their power engines is inadequate for heatingpurposes. Therefore, they need additional equipment as their main heatingsource. Currently, the more practical alternative is considered to be HighVoltage Positive Temperature Coefficient (PTC) Heaters which are capable ofachieving the required heating power, efficiency, and reliability.

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GlobalHigh Voltage PTC Heaters for Electric and Hybrid Vehicles Market Overview
Electricalvehicles are self-contained through electric generators (to convert fuel toelectricity), solar panels, or a battery. An electric vehicle is an alternativeto fuel-based vehicle which itself is a major growth factor expected to boostthe market growth. Moreover, the trend of reduction in vehicular emission dueto stringent rules and regulations in several countries and the growth ofpublic charging infrastructure in China, Norway, France, and other developedcountries are further expected to drive the market growth.

Inthe past decade, the automotive industry has drastically transformed. The demandfor electric vehicles and alternative fuel vehicles has increased due tostringent CO2 emission norms by the government. The new trend of the electricvehicles coupled with stringent government policies encouraging electricmobility.

GlobalHigh Voltage PTC Heaters for Electric and Hybrid Vehicles Market: SegmentationAnalysis
TheGlobal High Voltage PTC Heaters for Electric and Hybrid Vehicles Market issegmented on the basis of Product Type, Application, and Geography.

GlobalHigh Voltage PTC Heaters for Electric and Hybrid Vehicles Market by ProductType
Basedon Product Type, the market is bifurcated into-based High Voltage PTC Heaterand Water-based High Voltage PTC Heater. Air Based High Voltage PTC Heateraccounted for the largest market share in 2019 and is projected to grow at aCAGR of 6.64% during the forecast period. Air-based PTC heaters are majorlybeing used for the cabin climatization purposes in both hybrids as well aselectric vehicles. As part of the Heating, Ventilation and Air Conditioning(HVAC) system these heaters are engineered to increase the temperature of theair stream coming from the blower. They are composed of ceramic PTC componentsthat have very low electrical resistance at low temperatures, allowing fullcurrent flow and high heat delivery

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

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

GlobalHigh Voltage PTC Heaters for Electric and Hybrid Vehicles Market: CompetitiveLandscape
The“Global High Voltage PTC Heaters for Electric and Hybrid Vehicles Market” studyreport will provide a valuable insight with an emphasis on the global marketincluding some of the major players in the market are Eberspacher, MitsubishiHeavy Industries,MAHLE Group, BorgWarner,and Others.

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

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