Global Market Insights, Inc. provides a detailed overview of Automotive HVAC Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.
Europe is projected to be one of the prominent regions for the growth of the automotive HVAC market owing to the growing production of premium passenger vehicles in the region. The automotive industry in Germany is the most significant contributor to the country’s GDP. In 2017, over 20% of global passenger cars were produced in Germany accounting for over 16 million units.
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The German automotive industry caters to demands globally and produces the largest number of premium cars. Audi, Mercedes, and BMW are some of the well-established premium brands among automotive OEMs. German OEMs sells over 60% of all premium passenger cars across the world. AC automotive, Audi, BMW, Ford, Iveco, MAN, Mercedes, Neoplan, Volkswagen, Porsche are the most innovative OEM suppliers that strengthen their R&D. This will create a significant demand for thermal management systems, propelling automotive HVAC market growth.
The automotive HVAC market will consequently need to evolve for meeting the future requirements of zero-emission vehicles. Describing one such effort to find effective solutions for EV heating and cooling systems, two Hyundai Sonatas PHEVs were tested by the National Renewable Energy Laboratory (NREL) in U.S. for a novel solution.
Continuous R&D investments by companies involved in the automotive HVAC market have resulted in the development of eco-friendly systems. Compressors need high power of up to a thousand Watts for their operation. Efforts are being focused on reducing the energy consumption and active time to improve the efficiency of compressors, augmenting technological innovations in the automotive HVAC industry.
Companies in the automotive HVAC market landscape include Hanon Systems, Mahle Group, DuPont Automotive Systems, Denso Corporation, Johnson Electric, and Valeo, among others. The automotive HVAC Industry is highly consolidated with companies focusing extensively on product differentiation
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Essentially, automatic climate control systems have been designed to allow drivers to maintain a desired temperature level throughout the ride, without the need to constantly adjust any settings. Sensors help the system to determine existing conditions and make heating or cooling changes by itself, enhancing the conform and driving experience. Innovative features like dual-zone and tri-zone automatic control have also advanced the automotive HVAC market to a great extent. These systems enable the driver and passengers in a vehicle to maintain different temperature levels in different sections, in the front as well as in the back of the cabin. Over the next few years, however, the rapid adoption of electric vehicles (EVs) and the ceaseless efforts to develop autonomous vehicles will create various challenges for the automotive HVAC industry.
Chapter 2. Executive Summary
2.1. Automotive HVAC industry 3600 synopsis, 2015 – 2025
2.1.1. Business trends
2.1.2. Technology trends
2.1.3. Vehicle type trends
2.1.4. Component trends
2.1.5. Regional trends
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