PTC Heater Industry Survey - Global Market Size Predicted to Reach USD 3,682.86 Million in 2028

Published Date: 2022-06-13
1.1 Development Status and Trend of PTC Heater Industry

Attracted by the good market prospects, there are more and more companies in the domestic PTC heater market, and the production capacity of PTC heaters is constantly improving. At present, domestic PTC heaters not only meet the needs of the domestic market, but also export to overseas markets. PTC heater, also known as PTC heating element, is a heating device designed with constant temperature heating PTC thermistor constant temperature heating characteristics. PTC heaters have the advantages of small thermal resistance, high heat exchange efficiency, high safety, automatic constant temperature, power saving, etc. With the above advantages, PTC heaters are more and more popular in the market. PTC heaters have a wide range of applications, and downstream applications involve electric vehicles, air conditioners, dryers, clothes dryers and other fields.

There are many types of PTC heaters, and their classification methods are different. According to different structures, PTC heaters are divided into automatic constant temperature type PTC heaters, practical PTC heaters, hot air PTC heaters, etc.; It can be divided into plumbing PTC heaters, air heating PTC heaters, infrared radiation heaters, etc. Among them, air heating PTC heaters are widely used in the field of electric vehicles.
The global PTC heater market size was USD 834.46 million in 2017, USD 1,335.79 million in 2021, and is forecast to reach USD 3,682.86 million in 2028, with a compound annual growth rate of 15.36% from 2022 to 2028. With the advantages of high safety, automatic constant temperature, energy saving and environmental protection, PTC heaters are more and more widely used in electric vehicles, household appliances, industrial equipment and other fields. With the expansion of downstream application fields, the PTC heater market has a broad space for development. There are many manufacturers of PTC heaters, and the market competition is relatively fierce. In the future, under the background of upgrading market demand and speeding up the survival of the fittest, the market concentration of PTC heaters is expected to increase.

In terms of product type and technology, PTC heaters can be divided into PTC air heaters, PTC thermal conductors and convection heaters. In 2021, PTC air heaters will account for 70.81% of the market, and PTC thermal conductors and convection heaters will account for 29.19% of the market.

From the product market application, PTC heaters are used in electric vehicles, household appliances, commercial and industrial equipment and other fields. Some of the main applications of PTC heaters for household appliances are air conditioners, small appliances, etc. The rapid growth of PTC heaters in the electric vehicle market is attributed to the high-speed development trend of the electric vehicle market.

At present, the main manufacturers of PTC heater market include Eberspächer, Zhenjiang Dongfang Electric Heating Technology, Suzhou Xinye Electronics, MAHLE, Backer, DBK, Huagong Gaoli, Shanghai New Generation Electronic Technology, Shanghai Xinpa Thermal Ceramics, Shenzhen Saierying Electronics, GMN, etc., the top ten manufacturers account for more than 56.3% in 2021. As for domestic PTC heater brands, Zhenjiang Dongfang Electric Heating Technology, Suzhou Xinye Electronics and other emerging companies are emerging.

In general, the current PTC heater market is highly competitive, and there is no complete oligopoly. With the advantages of high safety, automatic constant temperature, energy saving and environmental protection, the application of PTC heaters in electric vehicles, household appliances, industrial equipment and other fields is more and more Extensive, with the expansion of downstream applications, the PTC heater market has a broad space for development.
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