Lucintel Forecasts Automotive PTC Heater Market to Reach $XX Billion by 2028

According to the recent study the automotive PTC heater market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 7% to 9% from 2023 to 2028. Growth in this market is primarily driven by increasing trend of electric vehicles and growing requirement for PTC to solve heating problems in modern vehicles.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in automotive PTC heater market by product type (air based and water based), structure type (fin and honeycomb), vehicle type (IC engines, electric vehicles, and hybrid vehicles), sales channel (OEM and aftermarket), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“Air based market is expected to remain the largest segment during the forecast period.”

Based on product type, the automotive PTC heater market is segmented into air based and water based. Lucintel forecasts that the air based market is expected to remain the largest segment due to the growing usage of air-based PTC for the cabin climatization purposes in both hybrid and electric vehicles and growing availability and popularity of PTC heaters in end use markets.

“Within the automotive PTC heater market, the hybrid segment is expected to remain the largest vehicle type”

Based on vehicle type the hybrid segment is expected to witness the highest growth over the forecast period due to the increasing usage of hybrid vehicles to meet increasingly stringent emission standards.

“Asia pacific will dominate the automotive PTC heater market in near future”

Asia Pacific will remain the largest region due to the increasing demand for electric vehicles among consumers and growing adoption rates of green technologies in emerging countries, like China, India, and South Korea.

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Major players of automotive PTC heater market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. KLC Corporation, Eberspächer, GMN, Caliente, Pelonis Technologies, Mitsubishi Heavy Industries, and BorgWarner are among the major automotive PTC heater providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link  or [email protected]

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