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.

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 1,858.21 Million 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.