About PTC Heaters
PTC (Positive Temperature Coefficient) heaters are self-regulating heaters that run open-loop without any external diagnostic controls. It uses conductive links printed on thin, flexible polymer-based substrate to generate heat while traditional fixed-resistance heaters employ wires and coils to generate heat. These heaters utilize positive temperature coefficient materials means that materials which exhibit a positive resistance change in response to the increase in the temperature.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global PTC Heaters market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Xtreme Heaters (United States), Amphenol (United States), Pelonis Technologies, Inc. (United States), GSI Technologies (United States), GM Nameplate (United States), Backer Heating Technologies, Inc. (United States), MAHLE GmbH (Germany), Jobco Inc (United States), Genesis Automation (United States) and Termico Technologies (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Willow Technologies Limited (United Kingdom) and SPX Transformer Solutions, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global PTC Heaters market by Type (FIN PTC Air Heater and Honeycomb PTC Air Heater), Application (Automotive and Aerospace Industry, Healthcare Industry, Food and Beverage Industry and Others) and Region.
On the basis of geography, the market of PTC Heaters has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the PTC Heaters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Demand for Environment-Friendly Products
Market Growth Drivers:
Low Power Consumption and Improved Safety Leads to Increasing Demand for PTC Heaters, Better Strength and Durability of the PTC Heaters and High Demand from Automotive and Aerospace Industry
Challenges:
Stringent Government Rules and Regulations
Restraints:
Fluctuations in the Raw Material Prices
Opportunities:
Growing Demand from Healthcare and Food and Beverage Industry and Technological Advancements in the Heater Technology
Market Leaders and their expansionary development strategies
December 1, 2021, Amphenol Corporation acquired Halo Technology Limited. The acquisition expand the product portfolio and accelrated the growth of company.
In December 2021, Hindware Atlantic launched of a new range of room heaters to cater to varying needs. In all, there are going to be five different room heaters on offer which include those having oil-filled radiators, Heat Convectors, Halogen Quartz, and LPG+ Electric heaters. The heaters can be bought via Flipkart, Amazon, and other leading online and offline retailers. Price starts at Rs 1,890, going all the way up to Rs. 15,990 for the top mode
Key Target Audience
PTC Heater Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.