[USPRwire, Tue Feb 26 2019] Expansion and innovation-driven efforts of major players in the automotive heater core market are likely to create lucrative avenues for the market growth. Advent of technologies, such as incorporation of ceramic positive temperature coefficient (PTC) components as core elements of heater core have resulted in silent operations and reduced energy waste in heating systems of vehicles. A moderate 2.9% CAGR has been foreseen for the automotive heater core market by a recent Fact.MR report.
Automotive heater core failures, although less prevalent, are a key concern among automaker and consumers alike. Known as essential compact radiators, automotive heater cores witness failure on account of corrosion and pressure on cooling system. Replacement or repair of automotive heater core is a challenging and expensive activity, as they are located inside passenger compartment. Aftermarket automotive heater cores produced currently are relatively less expensive than their OEM counterparts, and are better designed to function as OEM-produced heater cores.
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Major stakeholders in the automotive heater core market such as BorgWarner, and Eberspaecher are taking expansion and innovation efforts for capitalizing on the growing penetration of electric vehicles. BorgWarner, global leading company in clean & efficient technology solutions for electric, hybrid and combustion vehicles, has recently announced its plan on supplying advanced high-voltage positive temperature coefficient (PTC) heating technology to a well-known electric vehicle manufacturer.
Table of Content
- Executive Summary
1.1. Summarizing Key Findings
1.2. Wheel of Fortune
1.3. Selected announcement for restricting measures
1.4. Opportunity Assessment
1.5. Mega Trends
1.6. Competition Blueprint
1.7. Market Taxonomy
- Global Automotive Heater Core Market Introduction
2.1. Why Heater Core?
2.2. Heater Core Technology
2.3. Heater Core Failure
- Global Automotive Heater Core Industry Overview
3.1. Global Automotive Industry Scenario
3.2. Automotive Industry Roadmap
3.3. Global Automotive Heater Core Market Value & Volume Forecast and Analysis
3.4. Forecast Factors
3.5. Trade Analysis
3.6. Supply Demand Scenario
3.7. Supply Chain
3.8. Market Dynamics
3.9. PEST Analysis
3.10. Pricing Analysis
- Global Automotive Heater Core Market Analysis and Forecast by Type, 2012-2026
4.1. Analysis and Forecast by Material Type
4.1.1. Revenue (US$ Mn) & Volume (Mn Units) Comparison
4.1.2. Market Share Comparison
4.1.3. Y-o-Y growth Comparison
4.2. Analysis and Forecast By Sales Channel
4.2.1. Revenue (US$ Mn) & Volume (Mn Units) Comparison
4.2.2. Market Share Comparison
4.2.3. Y-o-Y growth Comparison
4.3. Analysis and Forecast By Vehicle Type
4.3.1. Revenue (US$ Mn) & Volume (Mn Units) Comparison
4.3.2. Market Share Comparison
4.3.3. Y-o-Y growth Comparison
4.4. Analysis and Forecast By Width
4.4.1. Revenue (US$ Mn) & Volume (Mn Units) Comparison
4.4.2. Market Share Comparison
4.4.3. Y-o-Y growth Comparison
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New production plants apropos of high voltage heater manufacturing are being opened by leading manufacturers, in order to cater demand from hybrid and battery electric vehicles. Eberspaecher’s new electric heaters production plant in Tianjin is a prime example of such installments. The company seeks reinforcing its domestic footprint by this new production plant, while expanding its capacities to tap rapidly expanding Chinese passenger car industry, particularly for battery electric vehicles.
Integral components of electric heaters such as PTC ceramics for heater core will be manufactured in the plant. Such new installations with regard to automotive heating system will significantly rub off on development and sales of automotive heater core in the forthcoming years, thereby augmenting the market growth.
High Voltage PTC Heaters Integration in Electric Vehicles ??" Potential Opportunity
Regulations on carbon dioxide emissions, caused by fossil fuel depletion and global warming, have led the automotive industry to perceive a paradigm shift from conventional IC engines toward environment-friendly vehicles such as hybrid and electric cars. Electric cars have been deemed as optimal solution for eco-friendly vehicles in light of their higher energy efficiency than their petrol- & diesel-driven counterparts.
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