PTC Heaters Market Size, Share Analysis, Key Companies, and Forecast To 2026 | Reports And Data

The PTC Heaters Market is expected to grow from USD 3.41 Billion in 2018 to USD 7.27 Billion by 2026, at a CAGR of 7.9%. PTC heaters with high voltage are specially designed for electric and hybrid vehicles as there is no engine exhaust heat available during winter in electric vehicles.

PTC heaters also have a high heating capacity and are quick to operate. Therefore, the PTC Heater market is expected to boost during the forecast period.

Increasing demand for electric vehicles (EVs) is the most important factor that will drive the future demand for the PTC heaters market.

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Further key findings from the report suggest

• The PTC Heaters Market is expected to grow from USD 3.41 Billion in 2018 to USD 7.27 Billion by 2026, at a CAGR of 7.9%. PTC heaters with high voltage are specially designed for electric and hybrid vehicles as there is no engine exhaust heat available during winter in electric vehicles.
• PTC heaters also have a high heating capacity and are quick to operate. Therefore, the PTC Heater market is expected to boost during the forecast period.
• On the basis of Application, the PTC Air Heater is expected to grow at the highest CAGR of 8.3%, with revenue of USD 2.69 Billion during the forecast period. Demand for PTC Air Heater will mostly be driven by the automotive segment due to rising adoption of PTC Air heater and the rising initiatives towards safety and compliance.
• Honeycomb PTC Heater market is expected to grow at a CAGR of 6.5% with revenue of USD 3.76 Billion during the forecast period. Demand for honeycomb PTC heaters is mainly driven by the increase in levels of safety and lower operating costs and downtime.
• APAC is expected to primarily dominate the market during the forecast period as the region’s growing sales of electric vehicles can be attributed to increased adaptation of green vehicles in developing countries such as China.
• Due to strict standards and higher adaptation of new and green technologies, North America and Western Europe are expected to have high growth potential.
• The significant players in the market are European Thermodynamics Limited (UK), MAHLE Group (Germany), Backer Heating Technologies (US), Pelonis Technologies, Inc. (US), GSI Technologies (US), Backer Hotwatt (US), Watlow (US), DBK David + Baader GmbH (Germany), and Genesis Automation (US) among others.

Type (Revenue, USD Million; 2016–2026)

• Honeycomb PTC Heater
• PTC Air Heater
• Others

Application (Revenue, USD Million; 2016–2026)

• Automotive
• Appliance
• Others

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Based on the regional analysis, the market is divided into key geographical regions:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

The regional analysis covers a country wise analysis of each major region and offers critical insights into revenue growth, market share, market growth, current and emerging trends, production and consumption ratio, demand and trends, presence of key players in each region, and other key factors influencing the regional growth.

Chapter 1. Market Synopsis
    1.1. Market Definition
    1.2. Research Scope & Premise
    1.3. Methodology
    1.4. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2018-2026
Chapter 3. Indicative Metrics
   3.1. Macro Indicators
        3.1.1. Global usage of PTC Heaters
        3.1.2. Global PTC Heaters consumption by Application Type

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