High Voltage Electric Heater Market Report 2026

The high voltage electric heater market size has grown rapidly in recent years. It will grow from $3.08 billion in 2025 to $3.69 billion in 2026 at a compound annual growth rate (CAGR) of 20%. The growth in the historic period can be attributed to rise in electric vehicle adoption, increasing demand for battery thermal management, early industrial use of high voltage heaters, growth of hybrid vehicle market, focus on energy-efficient heating solutions.

The high voltage electric heater market size is expected to see exponential growth in the next few years. It will grow to $7.66 billion in 2030 at a compound annual growth rate (CAGR) of 20%. The growth in the forecast period can be attributed to expansion of battery electric vehicle production, advancements in high voltage heater materials, demand for faster vehicle cabin heating, increasing industrial automation, integration with renewable energy-powered systems. Major trends in the forecast period include rising adoption of high voltage heating in electric vehicles, increasing use of coolant heaters for battery thermal management, expansion of high voltage air heaters for industrial applications, growing integration of efficient dc power heating solutions, advancements in precision temperature control for automotive applications.

The rising demand for electric vehicles is contributing to the expansion of the high-voltage electric heater market. Electric vehicles, also called battery electric vehicles (BEVs), operate using an electric motor instead of an internal combustion engine. Increasing fuel prices and growing environmental pollution have led to higher demand for electric vehicles. These vehicles utilize high-voltage electric heaters to convert DC electrical energy into heat with minimal energy loss. For example, in May 2025, the International Energy Agency (IEA), a France-based intergovernmental energy organization, reported that global electric car sales surpassed 17 million units in 2024 and are expected to exceed 20 million units in 2025. Therefore, the rising demand for electric vehicles is anticipated to drive growth in the high-voltage electric heater market.

Companies participating in the high-voltage electric heater market are increasingly focused on introducing advanced innovations, such as new high-voltage coolant heater technologies, to enhance their competitiveness. The e-product represents a new high-voltage coolant heater (HVCH) designed to improve system performance. For instance, in February 2024, Webasto, a Germany-based manufacturer of automotive components and systems, introduced three new high-voltage heaters - HVH 100 Compact, HVH 100 Compact+, and HVH 120. These systems deliver 10 to 12 kilowatts of heating output and effectively regulate both cabin and battery temperatures in electric vehicles. Featuring compact construction and more than 95% efficiency, they help improve performance and driving range across passenger cars, trucks, and buses.

In October 2024, Thermon Group Holdings Inc., a U.S.-based provider of industrial process heating technologies, acquired Fabbrica Apparecchiature Termoelettriche Industriali S.r.L. (F.A.T.I. S.r.L.) for approximately €12.5 million ($12.5 million). Through this acquisition, Thermon sought to expand its global production capabilities, enhance its electric heater product range, and accelerate growth across European and Asian markets. F.A.T.I. S.r.L. is an Italy-based company specializing in the design and manufacture of electric heaters and heating systems for industries such as oil and gas, pharmaceuticals, renewable energy, nuclear power, and HVAC.

Major companies operating in the high voltage electric heater market are Webasto SE, MAHLE GmbH, Eberspächer Gruppe GmbH & Co. KG, NIBE Industrier AB, Smiths Group plc, Mitsubishi Heavy Industries Ltd., Woory Corporation, BorgWarner Inc., Valeo SA, DENSO Corporation, Panasonic Holdings Corporation, Hanon Systems, ZF Friedrichshafen AG, Continental AG, Gentherm Incorporated, Modine Manufacturing Company, Dana Incorporated, Robert Bosch GmbH, Sanmarco Industrial SA, Tenneco Inc., ElringKlinger AG.

North America was the largest region in the high voltage electric heater market share in 2025. The regions covered in the high voltage electric heater market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the high voltage electric heater market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The high voltage electric heater market consists of sales of electric compressor, heating core radiator, oil filled core, and ceramic dry core. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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