High Voltage Electric Heaters Market

High Voltage Electric Heaters Market will Procure Nearly US$ 9 Bn by 2029

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A new Fact.MR study opines that electric heaters will continue to gain increased palpability worldwide as an energy-efficient alternative to gas heaters. Government policies that mandate Energy Performance Certificate for new homes, and rising consumer awareness about efficient and clean heating systems to realize sustainability, continue to uphold demand and sales of electric heaters. 

As tropical and sub-tropical regions become increasingly affluent, industrial, and urban, consumer demand for energy to meet thermal comfort is witnessing a significant rise. Growing population density in high temperature areas hints at increased air-conditioning usage, which in turn has been driving peak demand for electricity. This has further led the sales of electric resistive heaters in sub-tropical cities, potentially resulting in additional electricity generation and supply concerns. 

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Industrial Demand for Electric Heaters to Remain Significant

Electric heaters have witnessed permeation in the residential as well as commercial sectors, however recent years have witnessed a relative demand dominance from the latter. Industrial manufacturing processes often require high temperatures for successful operations in electric heater-dependent applications. 

High Voltage Electric Heaters Market to See Incredible Growth During 2018 to 2028

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The high voltage electric heaters market is likely to witness a robust growth in the coming years, with the market expected to surpass US$ 600 million by the end of 2018, as per the latest report by Fact.MR. The significant growth in the high voltage electric heaters market is influenced by the increasing demand for electric vehicles worldwide. Regulations on CO2 emission is also resulting in the shift from conventional vehicle to electric and hybrid vehicles.

With the growing demand for electric vehicles across countries, high voltage electric heaters and high voltage air heaters are being used on a large scale in these vehicles as efficient air heating solution. The electric vehicle manufacturers are looking for more efficient high voltage air heaters to improve the performance of the electric vehicles.

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This is resulting in the manufacturers in the high voltage electric heaters market are focusing on new technology that uses less energy in electric vehicle for air heating, cooling and humidity control.

China to Offer Significant Growth Opportunities in High Voltage Electric Heaters Market