Global High Voltage Electric Heaters Market Report, History and Forecast 2017-2028

Global High Voltage Electric Heaters Market Report, History and Forecast 2017-2028

Summary

Market Analysis and Insights: Global High Voltage Electric Heaters Market
Due to the COVID-19 pandemic, the global high voltage electric heaters market size was value at US$ 1037.67 million in 2021 and is forecast to be a readjusted size of US$ 4869.58 million by 2028 with a CAGR of 24.23% during the forecast period 2022-2028.
The global main manufacturers of High Voltage Electric Heaters include BorgWarner, Webasto Group, HGTECH, Eberspacher, Woory Corporation, DBK Group, Mahle, LG, and Mitsubishi Heavy Industries, etc. In 2021, the global five largest players have a share approximately 78.15% in terms of revenue.
The Asia Pacific high voltage electric heaters market size was US$ 461.87 million in 2021, while China was about US$ 263.09 million. The proportion of the China was 25.35% in 2021 and it is predicted that the share will reach 28.39% in 2028, trailing a CAGR of 25.81 % through the analysis period. As for the Europe High Voltage Electric Heaters landscape, Germany is projected to reach US$ 110.17 million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is 13.55 % and 34.87 % respectively for the next 6-year period.
Fully considering the economic change by the COVID-19, 4-7 KW high voltage electric heaters accounting for 21.90% of the global market in 2021, is projected to value US$ 3452.90 million by 2028, growing at a revised 24.81% CAGR from 2022 to 2028. While BEV segment is altered to a 32.14 % CAGR throughout this forecast period and will hold a share about 73.25% in 2028.
Global High Voltage Electric Heaters Scope and Market Size
The global High Voltage Electric Heaters market is segmented by region (country), company, by Type, and by Application. Players, stakeholders, and other participants in the global High Voltage Electric Heaters market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type, and by Application for the period 2017-2028.
By Company
BorgWarner
Webasto Group
HGTECH
Eberspacher
Woory Corporation
DBK Group
Mahle
LG
Mitsubishi Heavy Industries

Segment by Type
Up to 4 KW
4-7 KW
Above 7KW

Segment by Application
HEV
PHEV
BEV

By Region
North America
United States
Canada

Asia-Pacific
China
Japan
South Korea

Europe
Germany
France
U.K.
Italy
Nordic Countries
Benelux

Latin America
Mexico
Brazil

Middle East & Africa
Turkey