Global Automotive HVAC market, tracking market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. Report provides in-depth analysis of Automotive HVAC Industry by by Technology (Manual and Automatic), by Component (Evaporator, Compressor, Condenser, Receiver/Drier and Expansion Device), by Vehicle Type (Passenger Cars, LCV, and HCV) and regions.
Get Sample Copy of “Automotive HVAC Market Research Report – Forecast to 2023” at: https://www.marketresearchfuture.com/sample_request/2113
Automotive HVAC Market Key Company Competitive Landscape:
The key players in global automotive HVAC market are Valeo (France), Denso Corporation (Japan), Hanon Systems (South Korea), Sensata Technologies (U.S.), The Keihin Corporation (Japan), and Calsonic Kansei Corporation (Japan) and others.
These players focus on developing cost-effective and energy efficient HVAC systems that comply with enacted green energy regulations. Augmenting business through strategic partnerships and acquisition is one of the major strategies adopted by the manufacturers. Moreover, these companies offer high-quality post-sales services which is required to sustain in the automotive HVAC market since customers ideally opt for the repair service than new installations. Well-established companies incorporate acquisitions, collaborations, partnerships, expansions, and product launches in order to gain a competitive edge in this market and to maintain and strengthen their market position.
Market Overview:
The global automotive HVAC (heating, ventilation, and air conditioning) market is projected to expand at a 9% CAGR (2018 to 2023), as per a new report by Market Research Future (MRFR). Increasing demand for thermal systems and automatic climate control features in the automobiles, usage in personal automobiles particularly in the urban sector, and also global warming and climate changes drive the automotive HVAC market. Rise in temperatures worldwide are leading to greater demand for ambient temperatures inside cars. Additionally, increasing awareness regarding the use of environment-friendly refrigerants and automotive coolants in HVAC systems can drive demand for advanced and technically evolved HVAC systems, hence increasing their sales.
On the other hand, the use of polluting refrigerants is expected to undermine the adoption of HVAC systems. However, use of environment-saving refrigerants and adoption of geothermal pumps are anticipated to foster the growth of the automotive HVAC system market.
Segmentation:
The automotive HVAC market is segmented on the basis of technology, component, and vehicle type.
On the basis of technology, the market is segmented into manual and automatic. Budget vehicles make use of manual HVAC, which requires being switched on manually. The temperature inside the automobile is required to be set manually, according to the individual requirement of the passengers or the driver. On the other hand, the automatic HVAC system senses the outside ambient temperature and is set in motion automatically. It decreases energy use and improves occupant comfort. High demand for automatic HVAC among urban automotive users augments the popularity of this segment.
The market is segmented on the basis of components into evaporator, compressor, condenser, receiver/drier, and expansion device. The main job of a condenser is to convert the coolant into a liquid form by cooling it, whereas an automotive AC compressor is responsible for pressurizing the AC system and keeping the refrigerant flowing to ensure smooth functioning. The automotive AC compressor is considered as the principal part of the overall air conditioning system playing a crucial role in efficient performance. Simply put, increasing car ownership all over the world makes this segment highly popular in the market. Subsequently, comfort and convenience of AC in cars is creating the demand for automotive AC compressors.
Regional Analysis:
Geographically, the automotive HVAC market is segmented into North America, Asia Pacific, Europe, and Rest-of-the-World. The Asia Pacific market is projected to experience high growth thanks to healthy growing economies of India and China. Japan has the upper hand in the Asia Pacific market in terms of automotive innovation. Large sales of automobiles are manufactured in this region due to increasing demand for passenger vehicles, large population, growing per capita income of the middle class, and steadily improving standard of living. Along with extreme humidity, the temperature in this region is quite high, which demands the use of HVAC systems for a pleasurable driving experience. Furthermore, growing government support to the automotive industry can be a plus for the market in the coming years.
Apart from Asia Pacific, the Europe region has quite a high demand for HVAC systems due to extreme low-temperature conditions persisting throughout the year. Moreover, owing to high industrialization, per capita income, and purchasing power of citizens, the demand for cars is expected to rise.
Industry Developments:
Tesla has applied for an international patent for a gesture-controlled HVAC system that made for an upcoming Model S and Model X refresh. A similar HVAC control system was developed by Tesla in its compact electric sedan, the Model 3. This HVAC system allows passengers to customize the airflow within the vehicle according to passenger preferences. Tesla’s air vent system requires less hardware and thus minimizes the need for multiple suppliers. Using a simpler design, Tesla’s thinner HVAC system can efficiently utilize space in the dashboard, and provide a much more expansive interior feel. Such a system would provide drivers better road visibility.
List of Tables:
Table 1 Global Automotive HVAC Market: By Region, 2017-2023
Table 2 North America Automotive HVAC Market: By Country, 2017-2023
Table 3 Europe Automotive HVAC Market: By Country, 2017-2023
Table 4 Asia Pacific Automotive HVAC Market: By Country, 2017-2023
Table 5 RoW Automotive HVAC Market: By Country, 2017-2023
Table 6 Global Automotive HVAC Market, By Technology, By Regions, 017-2023
Table 7 North America Automotive HVAC Market, By Technology, By Country, 2017-2023
Table 8 Europe Automotive HVAC Market, By Technology, By Country, 2017-2023
Table 9 Asia Pacific Automotive HVAC Market By Technology, By Country, 2017-2023
Table 10 RoW Automotive HVAC Market By Technology, By Country, 2017-2023
Continued…
List of Figures:
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top Down & Bottom Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
FIGURE 8 Global Automotive HVAC Market Share, By Technology, 2016 (%)
FIGURE 9 Global Automotive HVAC Market, By Technology, 2015-2023 (USD MILLION)
FIGURE 10 Global Automotive HVAC Market Share, By Component, 2016 (%)
Continued…
For more details on this report visit: https://www.marketresearchfuture.com/reports/Automotive HVAC-market-5513
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/automotive-hvac-market-2113