IMARC Group’s latest research report, titled “Automotive HVAC System Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on automotive HVAC system market share.
The global automotive HVAC system market reached a value of US$ 38.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 54.7 Billion by 2027, exhibiting a CAGR of 6.60% during 2022-2027. An automotive heating, ventilation and air conditioning (HVAC) system represents an automated mechanism that is used to sustain the internal temperatures of vehicles. It consists of condensers, evaporators, compressors, expansion valves, sensors, expansion tubes, receivers, dryers, etc. Automotive HVAC systems are commonly available in the automatic, manual, and semi-automatic variants. They are widely used for regulating the operations of heating, cooling, air conditioning, etc., while ensuring proper ventilation within the vehicle. Automotive HVAC systems also assist in controlling the air temperatures, providing good air quality, ensuring thermal comfort, inspecting the moisture content in the vehicle, etc.
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The expanding automotive industry and the growing requirement for vehicular air conditioning systems owing to extreme weather conditions across countries are primarily driving the automotive HVAC system market. In addition to this, the increasing demand for remote access control systems that help in improving the efficiency of air conditioning and decreasing fuel consumption is further catalyzing the market growth. Moreover, the introduction of energy-efficient and eco-friendly automotive HVAC systems is acting as another significant growth-inducing factor. Apart from this, the development of advanced HVAC systems with novel features that assist in demisting windshields, defrosting windows, dehumidifying air, providing enhanced comfort to the passengers, etc., is also positively influencing the global market. Furthermore, the inflating demand for electric vehicles (EVs) and the launch of various government initiatives aimed at promoting energy-efficient systems are anticipated to bolster the automotive HVAC system market in the coming years.
Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by component, technology and vehicle type.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for Automotive HVAC System Market
- Strategies of major players and product offerings
Key Players Included in Global Automotive HVAC System Market Research Report:
- Denso Corporation
- Hanon Systems
- Highly Marelli
- Japan Climate Systems Corporation
- Johnson Electric Holdings Limited
- Mahle GmbH
- Mitsubishi Heavy Industries Ltd
- Sanden Corporation
- Sensata Technologies Inc and Valeo.
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COVID-19 Impact Overview:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Key Market Segmentation:
Breakup by Component:
- Evaporator
- Compressor
- Condensor
- Receiver-drier
- Expansion Valve
- Others
Breakup by Technology:
- Automatic
- Manual
Breakup by Vehicle Type:
- Passenger Car
- Commercial Vehicle
- Electric Vehicle
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
TOC for the Automotive HVAC Market Research Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Automotive HVAC System Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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