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TOKYO, Feb. 16, 2023 (GLOBE NEWSWIRE) — The Global Automotive HVAC Market Size accounted for USD 51,478 Million in 2021 and is estimated to achieve a market size of USD 86,075 Million by 2030 growing at a CAGR of 6.1% from 2022 to 2030.
Automotive HVAC Market Research Report Highlights and Statistics
Automotive HVAC Market Overview
The Automotive HVAC Market is a dynamic and rapidly growing industry that encompasses a diverse range of innovative technologies and applications. These systems are designed to provide climate control within vehicles, ensuring maximum comfort and convenience for passengers. With the rise in global temperatures and increased awareness of energy-efficiency, the demand for advanced HVAC solutions has surged.
Key applications of automotive HVAC systems include cabin air filtration, air distribution, thermal management, and refrigerant management. These systems employ cutting-edge technologies such as variable refrigerant flow (VRF), micro-channel heat exchangers, and electronic expansion valves to achieve optimal temperature control and energy efficiency.
The integration of advanced features such as automatic climate control, touchscreens, and smartphone connectivity has further fueled the growth of the automotive HVAC market. As the trend towards electric vehicles gathers pace, the demand for HVAC solutions that can effectively manage the thermal load of these vehicles is also increasing.
The automotive HVAC market comprises a host of prominent players, each offering unique and innovative products to meet the demands of an increasingly discerning consumer base. The market is further poised for growth as the demand for HVAC solutions continues to rise in emerging markets such as Asia-Pacific and the Middle East.
Having a diverse range of innovative applications and a commitment to energy-efficiency, the market for Automotive HVAC is set to drive the evolution of climate control systems in vehicles for years to come.
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Automotive HVAC Market Report Coverage:
Market | Automotive HVAC Market | |
Automotive HVAC Market Size 2021 | USD 51,478 Million | |
Automotive HVAC Market Forecast 2030 | USD 86,075 Million | |
Automotive HVAC Market CAGR During 2022 – 2030 | 6.1% | |
Automotive HVAC Market Analysis Period | 2018 – 2030 | |
Automotive HVAC Market Base Year | 2021 | |
Automotive HVAC Market Forecast Data | 2022 – 2030 | |
Segments Covered | By Vehicle Type, By Technology, And By Geography | |
Automotive HVAC Market Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa | |
Key Companies Profiled | Valeo Group, Hanon Systems, Brose Fahrzeugteile GmbH & Co. Kg, Air International Thermal Systems, Sanden Holdings Corporation, Calsonic Kansei, DelStar Technologies, Engineered Plastic Components, Denso Corporation, Mahle Behr GmbH, Sensata Technologies, Japan Climate Systems Corporation, and Johnson Electric. | |
Report Coverage | Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Trends in the Automotive HVAC Market
Automotive HVAC Market Dynamics
Growth Hampering Factors in for Automotive HVAC Market
Check the detailed table of contents of the report @
https://www.acumenresearchandconsulting.com/table-of-content/automotive-hvac-market
Market Segmentation
By Vehicle
By Technology
Automotive HVAC Market Overview by Region
The Asia-Pacific region’s Automotive HVAC Market share is the highest globally and is rapidly growing, driven by the growth of the automotive industry and a large consumer base in countries such as China and India. The region is also home to many emerging automakers and suppliers, who are investing in the development of advanced HVAC systems.
North America’s automotive HVAC market share is also huge and is driven by the presence of major automakers and a large consumer base. The US is a major contributor to market growth, with a well-established automotive industry and a high demand for advanced HVAC systems.
Europe is another key market for automotive HVAC, driven by the presence of leading automakers and a strong consumer base. The EU’s strict regulations regarding the use of refrigerants, such as the F-gas regulation, have led to an increased demand for alternative refrigerants, driving market growth.
The South American and MEA regions have a smaller automotive HVAC market share but we are anticipating to see significant growth in the coming years.
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Automotive HVAC Market Key Players
The Automotive HVAC Market is very competitive, with a large number of players operating in the market. Some of the key players in the market include Denso Corporation, Hanon Systems, Valeo, Sanden Holdings Corporation, Delphi Technologies, Mahle GmbH, Keihin Corporation, Johnson Controls, Calsonic Kansei North America, Inc., Panasonic Corporation, MAHLE Behr GmbH & Co. KG, Eberspächer Climate Control Systems GmbH & Co. KG, Japan Climate Systems Corporation,Air International Thermal Systems, Climaterics Engineering, BorgWarner Inc., and Delphi Automotive LLP. These companies offer a wide range of automotive HVAC products and solutions, and compete on factors such as technology, quality, and price.
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