Automotive HVAC Market: 2019 Global Industry Share, Size, Trends, Growth Analysis By Technology, Component, Vehicle, And Regional Forecast To 2023

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Automotive HVAC Market Research Report 2018 provides comprehensive information, Automotive HVAC Market is to grow at 9% by End of Year 2023.

This research report analyzes Global Automotive HVAC Market 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 with Forecast to 2023.

Key Companies in Automotive HVAC analyzed are for market analysis are: Valeo (France) and Denso Corporation (Japan), Hanon Systems (South Korea), MAHLE GmbH (Germany), Johnson Electric Holdings Limited (Hong Kong) and Japan Climate Systems Corporation (Japan), Sensata Technologies (U.S.), The Keihin Corporation (Japan), Calsonic Kansei Corporation (Japan), Sanden Corporation (Japan).

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Automotive HVAC Global Market Overview:

Factors that are responsible for the growth of Automotive HVAC market are 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.

The Automotive HVAC market is segmented based on Technology, Component, Vehicle Type, and region. On the basis of technology, the market is segmented into manual and automatic. Budget vehicles generally install manual HVAC. These systems involve all the functional components of the HVAC system, which requires being switched on manually. The system thus requires the physical effort of kick-starting the HVAC system in motion and does not sense the outside temperature. Therefore, the temperature inside the automobile is required to be set manually, according to the individual requirement of the passengers or the driver. The automatic HVAC system senses the outside ambient temperature and is set in motion automatically. The outside temperature is measured by a sensor, which feeds this data to a central electronic unit (CEU). The CEU is also provided with data containing the temperature readings of the automobile interiors. The CEU compares the two temperatures and automatically starts the HVAC and brings the required temperature inside the automobile to a level where the passengers would be comfortable. The system also starts when the automobile engine is started and requires constant real-time temperature data of the outside and inside of the automobile.

Of the components, the HVAC system is made up of components such as the Evaporator, Compressor, Condenser, Receiver/Drier, and the Expansion Device. Air from the outside atmosphere is sucked into the compressor with the help of rotating fans, which are powered by an electric motor. This air is thus sucked into the compressor whose primary responsibility is to compress the coolant liquid entering into the compressor from the evaporator at ambient temperature. The compressor compresses the coolant liquid at high pressure, consecutively increasing the temperature of the liquid in the process. This high-pressure high-temperature liquid is passed through the condenser where the vapor coolant changes to liquid state. This unit condenses the vapor causing a drop in temperature. This low-temperature liquid coolant passes through an expansion valve, where it experiences further temperature and pressure drop. This low-temperature liquid cools the air, which blows inside the automobile, thus getting heated in the process. Thus, hot air is again sucked in by the compressor, and the process continues.

This study provides an overview of the global Automotive HVAC market, tracking three 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.

On the basis of region, the market is segmented based on 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. 

Table Of Contents:

1 Executive Summary

2 Research Methodology

2.1 Scope Of The Study

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market Size Estimation

2.4 Forecast Model

3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

Continued…

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Name: Abhijeet Bendre
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Organization: Market Research Future
Address: Market Research Future Office No. 528,, Amanora Chambers Magarpatta Road, Pune, India.,
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