Download Sample, Growing Need for Decarbonization is Propelling the High Voltage Electric Heater Market
As a result of global attempts at decarbonization, initiated by industry leaders and government laws, the necessity to move from using fossil fuels to renewable energy has become increasingly important. One strategy that many industrial groups are using is switching from fuel-burning to electric process heating systems. However, making this shift is challenging. Regarding process heating, trends are evolving. As the need to electrify all industrial processes grows, electric heaters can offer a useful, environmentally responsible substitute. One of the most important developments in the electrification of process heating has been the development of reliable high-voltage systems. Additionally, As claimed by the Environmental Protection Agency, industrial sources burning fossil fuels account for a sizable share of the world's greenhouse gas emissions. For on-site heating and energy demands, a large portion of this energy is burned.
According to the U.S. Energy Information Administration (EIA), the industrial sector consumed 97 quadrillion Btu of the nation's overall energy supply in 2021. Within the manufacturing industry, process heating applications alone account for 36% of all supplied energy usage. As a result, there is a growing demand to electrify and reduce carbon emissions wherever possible. Governments and business leaders have concentrated their efforts towards meeting this demand. Additionally, it is anticipated that the high-voltage electric heater market will be driven by the increasing adoption of electric vehicles. According to the International Energy Agency, a total of 16.5 million electric cars were sold in 2021. A paradigm change in the automotive industry from internal combustion (IC) engine-driven vehicles to the adoption of environment-friendly electric and hybrid vehicles has been sparked by growing environmental concerns and pollution regulations.
According to the U.S. Energy Information Administration (EIA), the industrial sector consumed 97 quadrillion Btu of the nation's overall energy supply in 2021. Within the manufacturing industry, process heating applications alone account for 36% of all supplied energy usage. As a result, there is a growing demand to electrify and reduce carbon emissions wherever possible. Governments and business leaders have concentrated their efforts towards meeting this demand. Additionally, it is anticipated that the high-voltage electric heater market will be driven by the increasing adoption of electric vehicles. According to the International Energy Agency, a total of 16.5 million electric cars were sold in 2021. A paradigm change in the automotive industry from internal combustion (IC) engine-driven vehicles to the adoption of environment-friendly electric and hybrid vehicles has been sparked by growing environmental concerns and pollution regulations.
EVs are Boosting Demand for High-Voltage Electric Heaters
The automobile industry continues to research the more popular electric and hybrid electric vehicles. As a result, major companies around the world are promoting their inexpensive products and adding new features to their current ones. Additionally, high-voltage electric heaters are anticipated to rise as a result of technological developments in the electrical sector. Major manufacturers have set up new high-voltage heater manufacturing facilities to accommodate the demand for hybrid and battery-electric vehicles, and additional capacity expansion is anticipated to expand the supply of high-voltage electric heaters.
Furthermore, manufacturers of automobiles are investing in electric vehicle technologies with significant potential. It is anticipated that the sales of high-voltage electric heaters will continue to rise as cars become more and more common. Manufacturers are also lowering their debt based on the extra capacity. Additionally, the demand for high-voltage electric heaters is fuelled by investments in the installation of charging infrastructure, the training of sales staff, and after-sales support for EVs. Besides this, high speed is a key component of success for the rapid expansion of high-voltage electric heaters.
Furthermore, manufacturers of automobiles are investing in electric vehicle technologies with significant potential. It is anticipated that the sales of high-voltage electric heaters will continue to rise as cars become more and more common. Manufacturers are also lowering their debt based on the extra capacity. Additionally, the demand for high-voltage electric heaters is fuelled by investments in the installation of charging infrastructure, the training of sales staff, and after-sales support for EVs. Besides this, high speed is a key component of success for the rapid expansion of high-voltage electric heaters.
Recent Trends in the High Voltage Electric Heater Industry
- High voltage electric heaters with improved energy efficiency.
- Integration of smart heating technology such as IoT connectivity and AI-driven controls.
- Use sustainable materials in high-voltage electric heaters.
- Incorporation of advanced safety features in high voltage electric heaters.
Explore Our Breakthrough Market Segmentation and Personalize it to Meet Your Business Needs…!
New Product Launches Provide Traction to the Expansion of High Voltage Electric Heater Market
Major manufacturers of electric heaters are actively pursuing competitive marketing strategies such as collaborations, technological developments, investments, acquisitions, and R&D activities to expand their market share globally. For instance, in February 2022, BorgWarner offered its cutting-edge High-Voltage Coolant Heater (HVCH) for the BMW Group's iX and i4 fully electric architecture in order to expand possibilities. The solution regulates the thermal management of the battery and cabin heating, which considerably improves the battery's longevity and driving range.
Again, in September 2022, DBK Group, a German company that develops highly engineered electrical components and custom-designed thermal management solutions for multiple industries introduced the smallest, lightest, and most effective high-voltage water heater for vehicles into mass production. The small heater is intended for use in hybrid and electric vehicles and is based on a reliable, robust resistance wire heating technology. Earlier, in February 2021, MAHLE developed a new generation of high voltage PTC (positive temperature coefficient) heating components in order to assist electric vehicles run better in the winter. These heating elements are smaller, lighter, and more affordable owing to an innovative technique for integrating the electronics. When the temperature is close to freezing, cruising ranges can even be increased by up to 20 percent or more by using a heat pump.
Again, in September 2022, DBK Group, a German company that develops highly engineered electrical components and custom-designed thermal management solutions for multiple industries introduced the smallest, lightest, and most effective high-voltage water heater for vehicles into mass production. The small heater is intended for use in hybrid and electric vehicles and is based on a reliable, robust resistance wire heating technology. Earlier, in February 2021, MAHLE developed a new generation of high voltage PTC (positive temperature coefficient) heating components in order to assist electric vehicles run better in the winter. These heating elements are smaller, lighter, and more affordable owing to an innovative technique for integrating the electronics. When the temperature is close to freezing, cruising ranges can even be increased by up to 20 percent or more by using a heat pump.
Technical Limitations & Safety Concerns Pose Threat to the Expansion of High Voltage Electric Heater Market
High-voltage electric heaters can provide extremely low humidity in case of high temperatures. It requires a great deal of effort to install and maintain these devices. Additionally, when fitted in a car, appropriate ventilation must be guaranteed. Additionally, despite the various facilities provided by these devices, there are several safety concerns associated with these high-voltage electric heaters. Such concerns discourage automakers from using such devices, which hinders the expansion of the high-voltage electric heater industry. The heating efficiency and performance of high-voltage electric heaters are being improved through many means, such as developing closed-loop systems and creating prototypes with standardized features. Furthermore, low efficiency, high cost,s and the lack of trained professionals are some of the other challenges that are anticipated to hamper the market growth.
Searching for a Country or Region Specific Report?
Unlock industry complexities with reports crafted for selected countries and regions at Reduced Cost
Rising Environmental Concerns, Acceptance of Green Technologies & Expanding Automotive Industry are Driving the Market Expansion
As the demand for electric vehicles develops as a result of increased environmental concerns about hazardous gas emissions from vehicles and the adoption of new environment-friendly alternatives, the US market for high-voltage electric heaters is anticipated to maintain its excellent growth. The US electric vehicle (EV) market reached new heights in 2021 with sales of up to 16.5 million electric vehicles. In addition to this, the presence of major market participants in the region is anticipated to drive market expansion during the forecast period.
Furthermore, the market for high-voltage electric heaters in the Asia-Pacific region is anticipated to be driven by the region's expanding automotive industry, which is witnessing the expansion of manufacturing hubs for the production of automotive parts in China and India. A good outlook for market growth is anticipated during the forecast period due to the expanding government policies promoting the adoption of electric vehicles and the rapid expansion strategies implemented by manufacturers and vendors in the area to meet the rising demand from countries like China. Additionally, the market for high-voltage electric heaters in the Asia-Pacific region will also grow as electric and hybrid vehicle sales rise in nations like China, India, Japan, and South Korea. As a result, it is anticipated that over the forecast period, the Asia-Pacific region will continue to be the world's largest market for high-voltage electric heaters.
Furthermore, the market for high-voltage electric heaters in the Asia-Pacific region is anticipated to be driven by the region's expanding automotive industry, which is witnessing the expansion of manufacturing hubs for the production of automotive parts in China and India. A good outlook for market growth is anticipated during the forecast period due to the expanding government policies promoting the adoption of electric vehicles and the rapid expansion strategies implemented by manufacturers and vendors in the area to meet the rising demand from countries like China. Additionally, the market for high-voltage electric heaters in the Asia-Pacific region will also grow as electric and hybrid vehicle sales rise in nations like China, India, Japan, and South Korea. As a result, it is anticipated that over the forecast period, the Asia-Pacific region will continue to be the world's largest market for high-voltage electric heaters.
The report provides a detailed overview of the high voltage electric heater market insights in regions including North America, Latin America, Europe, Asia-Pacific, Oceania, the Middle East, and Africa. The country-specific assessment for the high voltage electric heater market has been offered for all regional market shares, along with forecasts, market scope estimates, price point assessment, and impact analysis of prominent countries and regions. Throughout this market research report, Y-o-Y growth and CAGR estimates are also incorporated for every country and region, to provide a detailed view of the high-voltage electric heater market. These Y-o-Y projections on regional and country-level markets brighten the political, economic, and business environment outlook, which are anticipated to have a substantial impact on the growth of the high-voltage electric heater market. Some key countries and regions included in the high voltage electric heater market report are as follows:
| North America | United States, Canada |
| Latin America | Brazil, Mexico, Argentina, Colombia, Chile, Rest of Latin America |
| Europe | Germany, United Kingdom, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Belgium, Sweden, Austria, Norway, Denmark, Finland, Rest of Europe |
| Asia Pacific | China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Thailand, Vietnam, Philippines, Rest of Asia Pacific |
| Middle East and Africa | GCC Countries, South Africa, Nigeria, Egypt, Turkey, Morocco, Ethiopia, Algeria, Israel, Iran, Kenya, Rest of MEA |
High Voltage Electric Heater Market Research Report Covers In-depth Analysis on:
- High voltage electric heater market detailed segments and segment-wise market breakdown
- High voltage electric heater market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in high voltage electric heater industry)
- Current, historical, and forthcoming 10 years market valuation in terms of high voltage electric heater market size (US$ Mn), volume (Units), share (%), Y-o-Y growth rate, CAGR (%) analysis
- High voltage electric heater market demand analysis
- High voltage electric heater market pricing analysis over the forecast period (by key segment and by region)
- High voltage electric heater market regional insights with region-wise market breakdown
- Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
- Latest developments and innovations in high high-voltage electric heater market
- Regulatory landscape by key regions and key countries
- Supply chain and value chain analysis in the high voltage electric heater market
- High voltage electric heater market sales and distribution strategies
- A comprehensive overview of the parent market
- A detailed viewpoint on the high voltage electric heater market forecast by countries
- Mergers and acquisitions in high high-voltage electric heater market
- Essential information to enhance market position
- Robust research methodology
- Frequently Asked Questions -
What are the key drivers of growth in the high voltage electric heater market?
The key drivers include the increasing demand for energy-efficient heating solutions, advancements in industrial processes, and the growth of sectors like oil and gas, manufacturing, and commercial applications.
Which region is expected to dominate the high voltage electric heater market?
Regions with high industrial activity such as North America, Europe, and Asia Pacific, especially China and India, are expected to dominate the market due to their robust industrial sectors and increasing demand for efficient heating systems.
What is the future growth forecast for the high voltage electric heater market?
The market is expected to grow due to the expanding industrial sectors, particularly in manufacturing, energy, and chemicals, where energy-efficient and durable heating systems are crucial for improving operational performance and cost management.
