Skip to main content

Posts

Showing posts with the label Automotive Heater Core Market

Automotive Heater Core Manufacturers Capitalizing on Heater Demand in Electric Vehicles

Expansion and innovation-driven efforts of major players in the automotive heater core market are likely to create lucrative avenues for the market growth. Advent of technologies, such as incorporation of ceramic positive temperature coefficient (PTC) components as core elements of heater core have resulted in silent operations and reduced energy waste in heating systems of vehicles.  A moderate 2.9% CAGR has been foreseen for the automotive heater core market by a recent Fact.MR report. Automotive heater core failures, although less prevalent, are a key concern among automaker and consumers alike. Known as essential compact radiators, automotive heater cores witness failure on account of corrosion and pressure on cooling system. Replacement or repair of automotive heater core is a challenging and expensive activity, as they are located inside passenger compartment. Aftermarket automotive heater cores produced currently are relatively less expensive than their OEM counterparts, a...