High Voltage Electric Heater Market

High Voltage Electric Heater Market Outlook (2024 to 2034)

Worldwide revenue from the high voltage electric heater market is projected to increase to US$ 16.7 billion by the end of 2034, up from US$ 2.31 billion in 2024. The market is forecasted to expand at a CAGR of 21.9% through 2034.

High-voltage electric heaters have emerged as an ideal heating system for electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs) alike, efficiently converting DC power into heat with minimal losses. As the automotive industry explores diverse powertrain technologies, including hybrid electric vehicles (HEVs) and EVs, the adoption of these vehicles is rising. Market leaders are creating cost-effective products to meet evolving demands, enhancing their existing offerings.

Technological advancements in the electrical industry are paving the way for growth opportunities for manufacturers of high-voltage electric heaters. These heaters find significant applications in passenger cars, light commercial vehicles (LCVs), and HEVs. This trend is projected to boost growth opportunities for both existing and new manufacturers in the market.

Increasing demand for EV technologies such as BEVs, PHEVs, and HEVs is projected to positively influence market growth. Notably, the United States and China are forecasted to experience significant demand for high-voltage electric heaters, driven by their expanding presence in the automotive sector, particularly in EVs. The production of high-voltage electric heaters is increasing at a significant pace as the world shifts towards eco-friendly modes of transportation in alignment with sustainability goals.

Report Attributes	Details
High Voltage Electric Heater Market Size (2024E)	US$ 2.31 Billion
Projected Market Value (2034F)	US$ 16.7 Billion
Global Market Growth Rate (2024 to 2034)	21.9% CAGR
China Market Value (2034F)	US$ 6.67 Billion
Canada Market Growth Rate (2024 to 2034)	25.4% CAGR
North America Market Share (2024E)	24.8%
East Asia Market Value (2034F)	US$ 8.94 Billion
Key Companies Profiled	BorgWarner Inc.; Eberspächer Gruppe GmbH & Co. KG; Webasto SE; Mahle GmbH; Woory Corporation; DBK David + Baader GmbH; Tutco Inc.; LG Electronics Inc.; Mitsubishi Heavy Industries Ltd.

What is Driving Deployment of High Voltage Electric Heaters?

“Rising Investments in Innovative Solutions and Capacity Expansions to Meet Growing EV Demand”

Major manufacturers have inaugurated new high-voltage heater production facilities to cater to the rising demand for hybrid and battery-electric vehicles. Further capacity expansions are projected to bolster the production of high-voltage electric heaters during the forecast period.

• In Tianjin, Eberspächer has established a prominent production facility for electric car heaters, aiming to bolster its presence in the country and expand production capacity. The move aligns with China's burgeoning passenger car industry, particularly in electric vehicles.
• BorgWarner is also intensifying its investment efforts to develop innovative solutions to meet the escalating demand for devices in electric and hybrid vehicles. Their factory is now mass-producing integral components for electric heaters. The installation of these vehicle heaters is poised to significantly influence the development and sales of high-voltage electric heaters in the forecasted period.

Automotive original equipment manufacturers (OEMs) are directing investments into high-potential electric vehicle markets. Despite the relatively modest size of these markets, OEMs are using the first-mover advantage to gain a critical market share.

Sales of high-voltage electric heaters from OEMs are projected to rise at a significant pace, due to the proliferation of electric vehicles. OEMs are optimizing their balance sheets based on surplus capacity and expanding into developing countries in Asia to support their expansion and diversify their product and clientele portfolios. These factors are prompting investments in sales staff training, charging infrastructure installation, and EV aftersales enablement, thereby driving the demand for high-voltage electric heaters.

What Challenges are High Voltage Electric Heater Manufacturers Tackling?

“Complexities Associated with Installation and Maintenance of High-Voltage Electric Heaters”

High temperatures generated by these devices can lead to very low humidity levels, adding complexity to their installation and maintenance. Proper ventilation needs to be ensured when integrating them into a car, and safety concerns also arise due to their high voltage nature. These factors present challenges for car manufacturers seeking to purchase such devices, thereby impeding the high voltage electric heater market growth. Methods to enhance heating efficiency and performance involve exploring methods such as designing prototypes with shared features and implementing closed-loop systems.

Country-wise Insights

Fact.MR, a market research and competitive intelligence provider, asserts through its newly published analysis that North America is projected to hold 26.4% share of the global market by 2034. High-voltage electric heater manufacturers are focusing on expanding their geographical presence across Southeast Asia, Central and South America, and Australia. This expansion helps them diversify their supply networks and decreases reliance on a single supplier.

Which High Voltage Electric Heater Market Trends are Significant in China?

“Expansive Production of Automobiles and Government Incentives for EV Adoption”

Attribute	China
Market Value (2024E)	US$ 1.04 Billion
Growth Rate (2024 to 2034)	20.5% CAGR
Projected Value (2034F)	US$ 6.67 Billion

China is emerging as a highly lucrative market for high voltage electric heater manufacturers, due to its robust automotive industry and increasing demand for electric vehicles (EVs) in the East Asian region. Government incentives and the commitment to achieve carbon neutrality by 2060 serve as significant motivators for EV adoption.

With the Chinese government aiming for automobile production to reach 35 million units by 2025, China maintains its status as a lucrative global vehicle market. Regional trends in the high voltage electric heater market and regulatory frameworks play pivotal roles in shaping the development of both the electric heater and automotive sectors, thus driving market growth.

How are Sustainability Initiatives Influencing Market Expansion in the United States?

“Shift from Fossil Fuel-Based Heating to Electric Heaters and Emphasis on Energy Efficiency”

Attribute	United States
Market Value (2024E)	US$ 482 Million
Growth Rate (2024 to 2034)	22% CAGR
Projected Value (2034F)	US$ 3.51 Billion

The United States high voltage electric heater market is projected to exhibit significant growth driven by the rising demand for electric vehicles. This is due to growing environmental concerns surrounding vehicle emissions. With a wide array of well-established industries including automotive, aerospace, and manufacturing sectors, the United States requires high voltage electric heaters for various applications.

These industries demand efficient, dependable, and long-lasting heating solutions. In addition, the country’s emphasis on energy efficiency and carbon emission reduction has fueled a shift towards electric heaters, replacing conventional fossil fuel-based heating systems.

Category-wise Insights

The high voltage electric heater market is classified by product type into air heaters, coolant heaters, and battery heaters. Out of these three segments, air heaters are estimated to account for the leading market share of 41.6% in 2024.

Which Factors are Leading to Growth of the Heavy Commercial Vehicle Segment?

“Focus on Reducing Carbon Emissions Boosting Use of High Voltage Electric Heaters in HCVs”

Attribute	HCV
Segment Value (2024E)	US$ 124 Million
Growth Rate (2024 to 2034)	25.1% CAGR
Projected Value (2034F)	US$ 1.16 Billion

Heavy commercial vehicles (HCVs), weighing over 6 tons, include mobile cranes, tractors, city buses, and heavy cement mixers. They play vital roles in construction and logistics, spurring demand. Fact.MR forecasts a significant rise in HCV demand by 2034.

As construction projects increase in number and logistics networks develop, the reliance on HCVs is growing. This highlights the pivotal role of HCVs in industrial operations. These factors determine the importance of HCVs in sustaining and advancing various sectors, marking a pivotal trend in transportation and heavy equipment markets.

Ongoing sustainability trends, such as a focus on energy efficiency and reducing carbon emissions, are driving the adoption of high-voltage electric heaters over traditional fossil fuel-based heating systems for use in HCVs.

Which Product Type Accounts for a Leading Market Share?

“High Efficiency and Rapid Heating Capabilities Propelling Sales of Air Heaters”

Attribute	Air Heaters
Segment Value (2024E)	US$ 957.9 Million
Growth Rate (2024 to 2034)	22.2% CAGR
Projected Value (2034F)	US$ 7.12 Billion

Air heaters hold a dominant share of the market due to their extensive utilization across diverse industries and applications. Known for their high efficiency, rapid heating, and precise temperature control, air heaters are preferred in both commercial and industrial environments. Their versatility and adaptability have fueled their widespread adoption. This is resulting in the leading position of air heaters in the market. With increasing demand for energy-efficient and cost-effective heating solutions, the market share of air heaters is projected to increase further during the forecast period.

Competitive Landscape

Key players in the high voltage electric heater industry are BorgWarner Inc, Eberspächer Gruppe GmbH & Co. KG, Webasto SE, Mahle GmbH, Woory Corporation, DBK David + Baader GmbH, Tutco Inc, LG Electronics Inc., and Mitsubishi Heavy Industries Ltd. Key market players are actively allying with renowned regional and global players to establish strong footprint in the market and claim leading market share.

• DBK David + Baader GmbH a manufacturer from Germany in 2022 introduced one of the lightest and smallest high-voltage electric heaters in the world.

Key Segments of High Voltage Electric Heater Market Research

• By Product Type:

  • Air Heaters
  • Coolant Heaters
  • Battery Heaters

• By Vehicle Technology:

  • BEV
  • PHEV
  • HEV

• By Vehicle Type:

  • Passenger Cars
  • LCVs
  • HCVs

• By Maximum Heating Performance:

  • Up to 4 KW
  • 4 to 7 KW
  • Above 7 KW

• By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa