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High Voltage PTC Heater Market to Witness Comprehensive Growth by 2018 - 2028
Future Market Insights has announced the addition of the "High Voltage PTC Heater Market to Witness Comprehensive Growth by 2018 - 2028" report to their offering

BriefingWire.com, 2/14/2019 - Global High Voltage PTC Heater Market: Dynamics

The positive outlook of electrically driven vehicles and hybrid technology will promote the high voltage PTC heaters across the globe. Demand for electric vehicles is the most crucial factor expected to drive the demand for high voltage PTC heaters in the future. Electric vehicles offer many advantages over conventional vehicles, such as zero emission, reduced noise pollution and fuel efficiency. Electric vehicle sales is expected to expand with a double digit CAGR over the next ten years. Furthermore, governments of several countries are taking initiatives to bring down pollution levels by creating rules covering the usage of conventional vehicles, taxes associated and several other regulations. Governments are also leveraging on the rise of hybrid and electric vehicles by offering attractive subsidies and incentives to the owners of such vehicles. This the sales of high voltage PTC heaters is anticipated to grow with the positive outlook of electric vehicles during the forecast period.

Global High Voltage PTC Heater Market: Segmentation

The global market for high voltage PTC heater can be segmented on the basis of type, vehicle type, sales channel, and region.

On the basis of type, global high voltage PTC heater market is segmented as:

Air Based High Voltage PTC Heater

Water Based High Voltage PTC Heater

On the basis of vehicle type, global high voltage PTC heater market is segmented as:

Electric Vehicle

Hybrid Electric Vehicle

Plug In-Hybrid

On the basis of sales channel, global high voltage PTC heater market is segmented as:

Original Equipment Manufacturers (OEM)

Aftermarket

Global High Voltage PTC Heater Market: Regional Outlook

The market for high voltage PTC heater is primarily dominated by Asia Pacific region. The growing sales of electric vehicles in the region can be attributed to higher adaptation of green vehicles in the developing countries of the region like China. North America and Western Europe are expected to have high growth potential owing to stringent norms and higher adaptation of newer and green technologies. Latin America and Middle East & Africa will be the slowest growing markets for electric vehicles due to very poor infrastructure and high availability of petroleum.

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Global High Voltage PTC Heater Market: Market Participants

In the global market of high voltage PTC heaters, manufacturers are highly engaged in creating their brand image in the market in order to gain additional market share. This can be attributed to the positive outlook of electric and hybrid vehicles in the future, which is expected to create significant growth opportunities for the manufacturers of high voltage PTC heaters in the coming years. Moreover, names of some of the market participants engaged in the manufacturing and sales of high voltage PTC heaters are mentioned below:

Eberspächer

Mitsubishi Heavy Industries, Ltd.

BorgWarner Inc.

LG Electronics

 
 
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