Chan Ye Xin Xi Wang·2026-01-27 01:22Core Viewpoint - The PTC controller market in China is expected to grow rapidly, reaching a market size of 2.137 billion yuan by 2025, with a year-on-year growth of 15.3%, accounting for 48.08% of the global market [1][4]. Overview - PTC controllers are essential components in PTC heaters, which are crucial for the thermal management systems of electric vehicles [1][4]. - The high-voltage components of electric vehicles include various systems such as electric drive, power supply, battery, thermal management, range extender, and charging infrastructure [1]. Market Policies - The Chinese government has implemented several policies to support the development of the automotive parts industry, including PTC controllers, creating a favorable environment for growth [5][6]. Industry Chain - The upstream of the PTC controller industry includes suppliers of power devices, chips, capacitors, PCBs, and sensors, while the downstream consists of electric vehicle manufacturers and the aftermarket [6][7]. - Major electric vehicle manufacturers like BYD, Tesla, and NIO are the core demand drivers for PTC controllers [6]. Development Status - The PTC controller market in China is projected to expand significantly, driven by the rapid growth of the electric vehicle market and continuous upgrades in thermal management systems [1][4]. Competitive Landscape - The market for PTC controllers is characterized by significant customer barriers, with major manufacturers like Fudi Technology, Shanghai Jinmai, and Dongfang Electric showing strong competitive advantages [9]. - By 2024, the combined market share of the top five companies in the PTC controller sector is expected to reach 59.6%, with Fudi Technology holding the largest share at 20.12% [9]. Development Trends - The industry is moving towards high-voltage and integrated solutions, with ceramic PTCs becoming the mainstream technology due to their advantages in high voltage and thermal efficiency [11]. - The market is expected to see a shift towards third-party control suppliers, leading to increased market concentration and the need for differentiation among smaller firms [12]. - The dual carbon goals and energy efficiency standards are driving the demand for low-energy and high-reliability PTC controllers, with new growth opportunities emerging in commercial electric vehicles and international markets [13].