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Automotive HVAC System Size
PORTLAND, OREGAON, UNITED STATES, April 15, 2024 /EINPresswire / -- Allied Market Research (AMR) released a recent report on the“Automotive HVAC System Market”. The report analysis reveals that the global automotive HVAC system market is anticipated to achieve a revenue of $68.18 billion by 2027, having generated a revenue of $43.37 billion in 2019, with a notable CAGR of 5.8% over the projected timeframe. This research report offers a detailed examination of successful industrial strategies that the industry adopted for the forecast period (2020-2027). It includes qualitative and quantitative analysis of recent technological trends, market size and share analysis, segmental and regional analysis, key investment pockets, and the competitive landscape of the global automotive HVAC system market.
Moreover, this research report focuses on the key factors impacting the growth of the global automotive HVAC system market, along with constraints and future growth opportunities that promote market growth during the forecast period. Furthermore, the report provides an up-to-date analysis of company profiles and business growth strategies formulated by top market players to maintain their dominance in the global sector. Therefore, this research report is a useful resource for vendors, shareholders, new entrants, and businesses in making informed strategic decisions and achieving their business goals.
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Automotive HVAC System Market Definition :
An automotive HVAC system is used in a vehicle to regulate its interior temperature. It consists of three primary components: heating, cooling, and air conditioning (AC). These components act together to regulate the temperature, control moisture, and remove excessive humidity. Consumers want more automation and eco-friendly coolants in automotive HVAC systems.
The key components include a compressor, a condenser, an evaporator, and various valves and regulators. The compressor plays a vital role because it functions as the center of the refrigerant gas system. The condenser is at the front of the vehicle and is responsible for releasing heat. The evaporator absorbs heat from inside the vehicle, cools it, and reduces humidity. Major automotive brands, such as Mercedes, BMW, and Audi, focus on making HVAC systems that are user-friendly and personalized for consumers.
Market Dynamics :
The research report delves into the primary drivers influencing the growth of the global automotive HVAC system market size . Factors such as the increasing popularity of automatic climate control features and thermal systems in vehicles, the surge in safety and enhanced comfort due to the integration of HVAC (Heating, Ventilation, and Air Conditioning) systems, and the rise in vehicle production boost the growth of the global automotive HVAC system market. However, the high maintenance cost of vehicles restrains market growth to some extent. Nevertheless, the adoption of eco-friendly refrigerants, the production of affordable HVAC systems, and emerging technologies offer profitable growth opportunities in the future.
Automotive HVAC System Market : Segmental Analysis
Automotive HVAC System Market, By Technology
Manual
Automatic
Automotive HVAC System Market, By Vehicle Type
Electric Vehicle
Commercial Vehicle
Passenger Car
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Automotive HVAC System Market, By Component
Compressor
Receiver-drier
Condenser
Evaporator
Expansion Valve
Others
Automotive HVAC System Market, By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Trends in the Automotive HVAC System Market :
The introduction of touchscreen integration is revolutionizing HVAC control
The rise of electric vehicles and the development of autonomous mobility have led to the emergence of touchscreen HVAC controls as the second most important part of vehicle HVAC systems. The Human Machine Interface (HMI) sector is forecasted to account for a considerable 16% share of HVAC systems in passenger vehicles, as touchscreen technology replaces traditional knobs and dials.
Increasing adoption of multizone climate control systems
In 2019, the United States was one of the leaders in the adoption of multi-zone climate control with a penetration rate exceeding 60%. Most of this market share is held by dual-zone climate control systems , accounting for about 90%. Europe followed closely behind with a penetration rate of 50%.
The leading luxury car manufacturers BMW and Mercedes were at the forefront among original equipment manufacturers (OEMs) and showed an impressive adoption rate of around 85-90% for multi-zone climate control systems. In addition, tri- and four-zone climate control systems remained exclusive to the premium segment and were mainly included in the top 10 luxury vehicles sold in both the USA and Europe.
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Top Players Profiled in the Automotive HVAC System Market Report :
Denso Corporation
Johnson Electric Holdings Limited
Keihin Corporation
Mahle GmbH
Air International Thermal Systems
Sensata Technologies Inc.
Calsonic Kansei Corporation
Hanon Systems
Sanden Holdings Corporation
Valeo Service
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David Correa
Allied Market Research
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