Global Space Heaters market to grow to USD 5.093 billion by 2022, at a CAGR of more than 6.86% over the forecast period
November, 2018 | Source: Profshare Market Research
Global Space Heaters market to grow to USD 5.093 billion by 2022, at a CAGR of more than 6.86% over the forecast period.
Space heaters are electrical equipment that are used as a complementary heat source in addition to the central heating system that facilitates zonal heating and minimizes energy costs. The global space heaters market to grow to USD 5.093 billion by 2022, at a CAGR of more than 6.86% over the forecast period. . Growing demand for thermal systems that run on alternative fuels such as bio-alcohols, liquid hydrogen, propane, P-Series fuels, and ethanol is a key opportunity for the growth of the market in the near future.
Cabin Comfort Systems are components that are largely associated with the luxury passenger car and LCV segment. Power seats, heated seats, and sunroofs are systems which are less associated with the basic function of the vehicle, i.e., transportation, but with the comfort of the people. Status of common technology is acquired by power windows in modern vehicles, but still are considered a marketing tool in the growing economies of the world.
Power windows are expected to be the largest volume generator for this segment, while power seats and sunroof systems are expected to take the lead in terms of revenue depending on the country and region. Cabin heater and sunroof markets are still growing and are expected to show a high growth rate over the next five years. These systems cater to a very niche segment of the automotive industry and are therefore low volume markets.
Manufacturers of automotive transmission systems are investing significantly in research and development for innovation of latest technology in automotive transmission. ZF Technologies introduced the world’s first nine-speed automatic transmission system, and is likely to enhance fuel efficiency of vehicles considerably. There is a increasing demand for vehicles with continuous variable transmission system.
Driving a continuously variable automotive transmission system is similar as driving a vehicle with automatic transmission, just that the engine revs up and down automatically. There is a growing demand for vehicles with continuously variable transmission due to its simplicity and enhanced performance. Therefore, cabin heater is likely to dominate the market in the coming years .Anticipating the electrification of future vehicles, we are proceeding with the development of products to satisfy each automobile manufacturer’s requirements.
Small size and light weight The development will proceed in two stages .
(First stage) Miniaturization and weight trimming based on current design
(Second stage) Further miniaturization and weigh trimming based on a new heat-exchanger concept and adaptation of resin parts
High functionality (a) Autonomous temperature control The present heater controls the heat-generator modules by turning the power on/off via the external calculation unit (ECU) and its commands. Autonomous temperature control will be achieved by integrating the ECU and sensor. (b) CAN/LIN interface With the integration of the calculation unit in the heater, communication of command and self-diagnosis information as well as CAN/LIN communication to and from the vehicle will be available.
A heat-pump cabin heater has been adopted for heating an electric vehicle (EV), using less power than conventional models. It greatly improves power consumption when the heater is being used. Nissan LEAF is the first mass-produced vehicle in the world to employ a heat-pump cabin heater. Major challenge restraining the growth of the market is The rise in cost of the automotive thermal system Advanced and improved technology comes at a higher cost. Huge investment is required for research and development which in turn increases the cost of thermal systems, hence leading to increase in the price of automobiles
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