High Voltage Electric Heaters Market Precise Analysis and Forecast Assumptions

Posted by Arslan on June 21st, 2019

In order to dissert the market scenario prevailing across the high voltage electric heaters market sector, FactMR has evenly presented a comprehensive high voltage electric heaters market trends analysis to its extensive online repository. With all vital market facets enclosed into this single assessment, readers can learn about different market drivers, opportunities and trends which are likely to influence the overall market space for the high voltage electric heaters market in the coming years. In addition, factors such as market size, Y-o-Y growth and revenue share are investigated so as to make this research highly authentic and reliable.

The high voltage electric heaters market remain concentrated among the leading players accounting for more than 80% of revenue share. Product innovation, providing safety features and easy installation are some of the key strategies adopted by major players in the high voltage electric heaters market.

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.

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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.