In order to study the many forthcoming movements and patterns prevailing in the global market, FactMR has included the latest Forecast report on high voltage electric heaters market to its vast database. The delivered study offers significant figures about the leading regions and applications which are functioning in the high voltage electric heaters market forthcoming trends by 2028, along with their market production, consumption, revenue, upcoming industry trends and forecasted market share details. Further, the accomplished market research report also anticipates that the concerned market would grow at a constructive CAGR until 2028.
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Companies are also investing in new technologies and opening new production centers in various regional markets to meet the growing demand for technically advanced components for electric and hybrid vehicles. Acquisitions and partnerships are in the market is on a rise in high voltage electric heaters market with companies aiming to strengthen their position in the global market.
The sales of electric cars across the globe is growing. According to the report by International Energy Agency (IEA), sales of electric vehicles worldwide exceeded 1 million units in 2017, China accounted for more than half of the global sales of electric cars. Meanwhile, the US is the second largest electric cars market.
Minimizing the impact from heating, ventilation and air-conditioning system on the driving range of electric vehicles is one of the biggest challenges. Hence, manufacturers in the high voltage electric heaters market are constantly developing new products to increase efficiency of modern vehicles.
Stringent regulations are also being introduced in various countries on Carbon dioxide (CO2) emission. These standards and policies are driving the demand for high voltage electric heaters for hybrid and electric vehicles in various countries. Manufacturers in the high voltage electric heaters market are focusing on developing lightweight high voltage electric heaters limiting the waste heat and providing noiseless and rapid warming in the vehicle cabin.
The automobile industry is rapidly replacing internal combustion engine vehicles with eco-friendly electric vehicles. To boost electric vehicle use and reduce battery power consumption, manufacturers in high voltage electric heaters market are developing highly efficient heating system for electric vehicles.
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High voltage Positive Temperature Coefficient (PTC) heaters with high heating capacity are widely used as a main heating equipment in electric vehicles. Meanwhile, many manufacturers are concentrating on evaluating heating performance of high voltage PT heaters for electric vehicles.
With the active adoption of air heaters for electric vehicle heating, high voltage electric heaters manufacturers are focusing on improving performance and reliability of high voltage PTC heaters by taking into account driving environment and characteristics of repeated operations. Considerable amount of research is being done on main heating equipment for electric cars. While many research have found high voltage PTC heaters to be efficient, reliable, and capable of achieving heating capacity.
Generating sufficient heat within the vehicle for comfort of passengers, high voltage electric heaters in case of high temperature create very low humidity, resulting in serious health consequences. The maintenance high voltage electric heaters is also difficult as it can get effected by conditions such as extreme temperatures, short circuit, collision, water immersion, and humidity. Hence, proper ventilation system is must while installing high voltage electric heater in the car. The high voltage electric heaters requires more cable work between heater and controller, thus making the installation work more time-consuming and difficult.High voltage electric heaters also have high possibility of overheating that can result in more power consumption and damage the system especially in high voltage environment of electric and hybrid vehicles.
With advanced automotive drive technology, installation of high voltage electric system has become common in vehicles. To avoid serious accidents including burn and shock, the demand for new safety concepts for vehicles with high voltage electric systems has also increased. Electric cars are also expensive as high-voltage system in these cars require special protection to avoid exposure to electricity resulting in serious injuries.
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High Voltage Electric Heaters Market Indicates Notable CAGR growth by 2028
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