PTC Heaters Research:CAGR of 7.0% during the forecast period

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report "PTC Heaters- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031". Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2025-2031), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.

The global market for PTC Heaters was estimated to be worth US$ 1866 million in 2024 and is forecast to a readjusted size of US$ 3034 million by 2031 with a CAGR of 7.0% during the forecast period 2025-2031.

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PTC Heaters Market Summary

PTC heaters come with a lot of promises about being more efficient, safer, and more effective. For these reasons, many space heater manufacturers are switching to PTC elements. A positive temperature coefficient (PTC) heater element uses conductive material with a high positive temperature coefficient to turn electricity into heat. Unlike traditional heaters, these elements exhibit strong self-limiting temperature control since the electrical resistance within the element increases as temperature increases.

The growing electric vehicle (EV) market is a major driver for PTC heaters, as they provide efficient cabin heating and battery thermal management in the absence of waste heat from combustion engines. Government policies promoting EV adoption and stricter emissions regulations further accelerate demand. Meanwhile, the small household appliance sector remains a stable market, with PTC heaters widely used in hair dryers, humidifiers, and portable heaters due to their energy efficiency and safety advantages over traditional heating elements. Rising urbanization and disposable incomes in emerging markets also support steady demand, even if growth in this segment is slower compared to EVs.

In the EV sector, smart PTC heating systems integrated with IoT and AI are gaining traction, enabling optimized energy use and thermal management. Automakers are also prioritizing lightweight, compact designs to enhance efficiency. For small appliances, the trend leans toward smart, connected devices with precise temperature control, along with eco-friendly designs driven by energy regulations. Advanced PTC materials are improving heating speed and durability across both segments. While EV applications drive rapid innovation, cost optimization remains crucial in price-sensitive small appliances. Collaborations between PTC manufacturers and OEMs are increasing, fostering customized solutions for diverse heating needs.

Figure00002. Global PTC Heaters Market Size (US$ Million), 2024 vs 2031

PTC Heaters

Above data is based on report from QYResearch: Global PTC Heaters Market Report 2025-2031 (published in 2025). If you need the latest data, plaese contact QYResearch.

According to the new market research report "Global PTC Heaters Market Report 2025-2031", published by QYResearch, the global PTC Heaters market size is projected to reach USD 2.9 billion by 2031, at a CAGR of 7.0% during the forecast period.

Figure00003. Global PTC Heaters Top 30 Players Ranking and Market Share (Ranking is based on the revenue of 2024, continually updated)

PTC Heaters

Above data is based on report from QYResearch: Global PTC Heaters Market Report 2025-2031 (published in 2025). If you need the latest data, plaese contact QYResearch.

According to QYResearch Top Players Research Center, the global key manufacturers of PTC Heaters include Huagong Tech Company, Zhenjiang Dongfang Electric Heating Technology, Eberspächer, Sharing Electronics, DBK, Shanghai Fengtian Electronics, Suzhou Xinye electronic, Backer, MAHLE, Valeo, etc. In 2024, the global top 10 players had a share approximately 63.0% in terms of revenue.

Figure00004. PTC Heaters, Global Market Size, Split by Product Segment

PTC Heaters

Based on or includes research from QYResearch: Global PTC Heaters Market Report 2025-2031.

In terms of product type, currently PTC Heat Conductors & Convection Heaters is the largest segment, hold a share of 62.22%.

In terms of product application, currently Electric Car is the largest segment, hold a share of 62.78%.

In the view of region, Asia-Pacific had a larger consumption market share in 2024 which account for 86.52% sales volume share and will witness a rapid growth in following years.

The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The PTC Heaters market is segmented as below:
By Company
Huagong Tech Company
Zhenjiang Dongfang Electric Heating Technology
Eberspächer
Sharing Electronics
DBK
Shanghai Fengtian Electronics
Suzhou Xinye electronic
Backer
Jahwa Electronics
MAHLE
Valeo
Shanghai Xinye Electronics
Shanghai XINPA
Zhejiang Yinlun Machinery
BorgWarner
Woory Industrial
Webasto Group
Anhui Ningguo Tiancheng Electric
Doowon Electronics
Denso
Zhejiang Kebole Electronics
Zhejiang Kebole Electronics
Chongqing Shiji Jingxin Industry
STEGO
Xingchen Electric Heater
Mitsubishi Heavy Industries
KLC
ROTFIL
Beno Electric
Jiangsu Chaoli Electric

Segment by Type
PTC Air Heaters
PTC Heat Conductors and Convection Heaters

Segment by Application
Electric Car
Household Appliances
Commercial and Industrial Equipment
Others

Each chapter of the report provides detailed information for readers to further understand the PTC Heaters market:

Chapter 1: Introduces the report scope of the PTC Heaters report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2020-2031)
Chapter 2: Detailed analysis of PTC Heaters manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2020-2025)
Chapter 3: Provides the analysis of various PTC Heaters market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2020-2031)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2020-2031)
Chapter 5: Sales, revenue of PTC Heaters in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2020-2031)
Chapter 6: Sales, revenue of PTC Heaters in country level. It provides sigmate data by Type, and by Application for each country/region.(2020-2031)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2020-2025)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth PTC Heaters competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides PTC Heaters comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides PTC Heaters market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.

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