Global Automotive HVAC (Heating, Ventilation, and Air Conditioning) System Market - Industry Highlights 2016 - 2022
The “Global Automotive HVAC System Market Research Report - Industry Analysis, Size, Share, Growth, Trends And Forecast” offered by Decisiondatabases.com covers the growth trend and complete market overview. The report is useful for business strategists for gaining a detailed understanding about the market, its value chain, competitor study and detailed company profile Over the past few years, many established automobile companies such as BMW, Mercedes & Audi have customized their HVAC system to make it more user-friendly for consumers. The automotive HVAC system market is driven by various factors including rising preference for eco-friendly refrigerants, increasing safety concerns, and growing demand for thermal comfort across the globe. In addition, increasing adoption of automatic temperature control system will further aid to the market growth of automotive HVAC system in the near future. However, the growing usage of r134a, polluting refrigerants is anticipated to hamper the adoption of this system over the coming years. On the other hand, rising acceptance of geo-thermal pumps and increasing adoption of eco-friendly refrigerants by vehicle manufacturers are expected to boost the growth of the market over the forecast period.
Automotive HVAC system is used for maintaining the internal temperature and to eliminate the excess moisture content from the vehicle. This system comprises of three subsystems, that is, air conditioning, heating, and cooling, these works together to supply purified air to the cabin and ensures comfort to passengers & drivers. The report on global automotive HVAC system market has been segmented based on vehicle type into cars, and commercial vehicles. Commercial vehicles
are further sub-segmented into light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs). The passenger cars are a leading vehicle segment and are expected to witness a double-digit growth in the stipulated time period owing to the growing demand for fuel efficient & faster cooling HVAC systems amongst consumers for more comfort across the globe. The automotive HVAC system market has been segmented based on technology into manual, and automatic. Furthermore, the automotive HVAC system market has been segmented based on components into the compressor, the heat exchanging equipment, receiver /drier, and expansion device.
Owing to the growing automobile industry and elevated vehicle production, particularly in China, South Korea, Japan, and India , Asia-Pacific region has been accounting for a highest revenue-generating region and projected to grow at the highest CAGR over the forecast period. In addition, rising adoption of environment-friendly refrigerants and extensive production of passenger and commercial vehicles are expected to further foster the market demand for automotive HVAC system in the region.
The industry players dominating the market include Denso Corporation, Valeo S.A., Hanon Systems (HVCC), MAHLE GmbH, Calsonic Kansei Corporation, Johnson Electric, Sanden Holdings Corporation, Sensata Technologies, Inc., Japan Climate Systems Corporation, and Keihin Corporation. Leading players have adopted various strategies including acquisitions, collaborations, and product launches, to expand their market penetration.
In April 2016, Donnelly Mechanical, a New York City-based integrated HVAC service experts have announced to launch its ‘Carbon Cutter Program’ an HVAC energy program exclusively to support business owners and their facilities managers to achieve their objectives effectively.
In April 2016, Taylor Morrison Home Corp. introduced Interactive Home 2.0, an advance smart home automation system for residents to interact from their house through their tablet or smartphone and to control their HVAC and security and surround sound & light systems.
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