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High Voltage Electric Heater Market 2023 - Market Size, Trends, Share Analysis And Forecast To 2032
High Voltage Electric Heater Market Analysis
The Business Research Company's High Voltage Electric Heater Global Market Report 2023 identifies increasing demand for electric vehicles as the major driver for the high voltage electric heater market's growth in the forecast period. Electric vehicles, also known as battery electric vehicles (BEVs), are powered by an electric motor rather than an internal combustion engine. The increasing fuel prices and pollution has led to increased demand for electric vehicles. The electric vehicle employs high voltage electric heaters to produce heat from DC electric power with minimal losses.
The global high voltage electric heater market size is expected to grow from $1.73 billion in 2022 to $2.14 billion in 2023 at a compound annual growth rate (CAGR) of 23.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The high voltage electric heater market size is expected to reach $4.64 billion in 2027 at a CAGR of 21.3%.
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Major competitors in the high voltage electric heater market are BorgWarner Inc., Eberspächer Gruppe GmbH & Co. KG, Webasto SE, Woory Corporation, Mahle Gmbh.
A key trend in the high voltage electric heater market includes technological advancement. Major market players are developing advanced technologies to sustain their position in the high voltage electric heater market using environment-friendly technology. Environmentally friendly are products and services, laws, regulations, and policies that promise to do little, no or very little harm to ecosystems or the environment. For instance, StreetScooter GmbH, a Germany-based automobiles manufacturer, uses environment-friendly heating solutions for e-mobility from Eberspaecher. The company customises electric high-voltage heaters or ethanol heaters, depending on the kind of vehicle thereby creating the most effective and sustainable solutions. Eberspaecher is a Germany-based company that deals in electric high-voltage heaters.
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The high voltage electric heater market is segmented -
1) By Type: Air Heaters, Coolant Heaters
2) By Heating Potential: Up to 4 KW, 4-7 KW, Above 7 KW
3) By Vehicle: Passenger Cars, LCVs, HCVs
4) By Vehicle Technology: Battery Electric Vehicles, Plug-in Hybrid Electric Vehicles, Hybrid Electric Vehicles
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the high voltage electric heater market.
The Business Research Company's "Global High Voltage Electric Heater Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The High Voltage Electric Heater Market Include:
1. Executive Summary
2. High Voltage Electric Heater Market Characteristics
3. High Voltage Electric Heater Market Trends And Strategies
4. High Voltage Electric Heater Market - Macro Economic Scenario
5. High Voltage Electric Heater Market Size And Growth
……..
26. Africa High Voltage Electric Heater Market
27. High Voltage Electric Heater Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The High Voltage Electric Heater Market
29. High Voltage Electric Heater Market Future Outlook and Potential Analysis
30. Appendix
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