The global PTC battery heater market size was valued at USD 997.2 million in 2023 and is projected to grow from USD 1092.3 million in 2024 to USD 2269.9 million by 2031, exhibiting a CAGR of 11.01% during the forecast period. The increasing adoption of electric vehicles (EVs), advancements in battery thermal management systems, and growing demand for energy-efficient heating solutions are major drivers of market growth.
PTC Battery Heater Market: Key Highlights
The PTC (Positive Temperature Coefficient) battery heater market is witnessing significant growth as electric mobility and renewable energy storage solutions continue to expand globally.
-
Thermal management necessity: PTC battery heaters play a crucial role in maintaining optimal battery performance, particularly in cold climates, by preventing capacity loss and ensuring safety.
-
Growing EV adoption: With global EV sales surpassing record levels, demand for efficient heating solutions is surging.
-
Energy efficiency: PTC heaters self-regulate and consume less energy compared to traditional resistive heaters, supporting sustainability goals.
-
Regional hotspots: North America and Europe are leading markets due to strong EV penetration, while Asia-Pacific is expected to record the fastest growth owing to rapid EV manufacturing and government incentives.
-
Competitive intensity: Automakers, battery manufacturers, and thermal management solution providers are investing in innovation to enhance PTC heater efficiency, miniaturization, and integration with battery systems.
Comments
0 comment