Expansion and innovation-driven efforts of major players in the automotive heater core market are likely to create lucrative avenues for the market growth. Advent of technologies, such as incorporation of ceramic positive temperature coefficient (PTC) components as core elements of heater core have resulted in silent operations and reduced energy waste in heating systems of vehicles. A moderate 2.9% CAGR has been foreseen for the automotive heater core market by a recent Fact.MR report.
Convergence of a wide range of technologies and industries within the automotive space has been paving lucrative avenues for stakeholders, which has led them in employing strategies to bank on dynamically evolving trends. Technology driven trends such as autonomous driving, connected vehicles, blockchain, and 3D printing have further been influencing developments in vehicles by improving their efficiency.
The significance of heater core has been paramount in the automotive heating, air conditioning (HVAC) and ventilation systems and it also a component in cooling systems which use water cooling. The introduction of robust technologies—3D printing, blockchain, connected vechicles and autonomous driving— in the automotive spectrum has provided stakeholders. Manufacturers are looking to design heater core with tubes which are coated internally with a corrosion resistant cladding alloy.
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The popularity of high-voltage positive temperature coefficient (PTC) heating technology among electric vehicle manufacturers is seen as a major booster for the growth of automotive heater core market. PTC stones tend to possess fast heating response time and plateau once the predefined reference temperature is reached. The robust resistance and output of PTC heaters make them a tremendous option for offering a controlled electrical heat. As such, the high power density, compact design, energy efficient, long lifetime and reliability are some of the salient features of positive temperature coefficient.
Rising fossil fuel crisis and rigorous regulations on carbon dioxide have led to the shift from traditional IC engine to conducive-to-environment vehicles such as electric cars and hybrid vehicles.
Automotive Heater Core Manufacturers Capitalizing on Heater Demand in Electric Vehicles
Major stakeholders in the automotive heater core market such as BorgWarner, and Eberspaecher are taking expansion and innovation efforts for capitalizing on the growing penetration of electric vehicles. BorgWarner, global leading company in clean & efficient technology solutions for electric, hybrid and combustion vehicles, has recently announced its plan on supplying advanced high-voltage positive temperature coefficient (PTC) heating technology to a well-known electric vehicle manufacturer.
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Automotive Heater Core Perceives Rise in Demand from Electric Vehicles
New production plants apropos of high voltage heater manufacturing are being opened by leading manufacturers, in order to cater demand from hybrid and battery electric vehicles. Eberspaecher’s new electric heaters production plant in Tianjin is a prime example of such installments. The company seeks reinforcing its domestic footprint by this new production plant, while expanding its capacities to tap rapidly expanding Chinese passenger car industry, particularly for battery electric vehicles.
Automotive Heater Core Market: Competitive Landscape
Major stakeholders in the automotive heater core market such as BorgWarner, and Eberspaecher are taking expansion and innovation efforts for capitalizing on the growing penetration of electric vehicles. BorgWarner, global leading company in clean & efficient technology solutions for electric, hybrid and combustion vehicles, has recently announced its plan on supplying advanced high-voltage positive temperature coefficient (PTC) heating technology to a well-known electric vehicle manufacturer.
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