Press release
Automotive HVAC Market 2018-2023: Global Size, Share, Leading Players - Sensata Technologies, Keihin, Calsonic Kansei, Sanden, Valeo, Denso, Hanon Systems, MAHLE, Johnson Electric, Japan Climate Systems
Automotive HVAC industry historical and forecast market data up to 2023 with upcoming business opportunities, mergers, and acquisition is provided, to help Automotive HVAC market leading companies for future strategy development.
Global Automotive HVAC Market Key Company Analyzed In Report:
Sensata Technologies (U.S.), The Keihin Corporation (Japan), Calsonic Kansei Corporation (Japan), Sanden Corporation (Japan), 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).
Get Sample Copy Of “Automotive HVAC Market Research Report - Global Forecast to 2023” of 100 pages including Tables and Figures At: https://www.marketresearchfuture.com/sample_request/2113
Automotive HVAC Worldwide Market Overview:
HVAC (Heating Ventilation and Air Conditioning) is the technology used for maintaining a pleasant temperature and ambient indoor conditions in an automobile. The temperature inside the automobile is adjusted to a degree relative to the temperature of the surrounding. HVAC, thus helps maintain temperate conditions that are conducive for drivers to stay inside the automobiles comfortably for longer durations. The system is useful in case the outside temperatures are either too high or too low, causing discomfort to automotive rider. Earlier, the use of automotive HVAC systems was considered a luxury, and not all automobiles were fitted with HVAC.
However, it is now a pre requisite feature in every automobile due to the basic automotive safety and comfort standards, which are accepted globally.
There are several factors responsible for the growth of the global automotive HVAC market. Firstly, there is an increasing demand for thermal systems and automatic climate control features in the automobiles. Secondly, people travel in their personal automobiles for long distances in the urban sector, and hence the need for HVAC is higher.
Thirdly, due to the global warming and climate change, global temperatures are rising, which leads to greater demand for ambient temperatures inside the automobile. Additionally, the awareness regarding the use of environment friendly refrigerants and automotive coolants in HVAC system leads to the demand for advanced and technically evolved HVAC systems, thus increasing their sales. All these reasons, justify the consistent expected growth of the global automotive HVAC market, which is expected to expand at a 9% CAGR (2018 to 2023).
On the other hand, the use of polluting refrigerants is expected to undermine the adoption of HVAC systems. However, use of environment-saving refrigerants and adoption of geothermal pumps are anticipated to foster the growth of the automotive HVAC system market.
Market Segmentation:
Based on technology, the market is segmented into manual and automatic. Budget vehicles make use of manual HVAC, which requires being switched on manually. The temperature inside the automobile is required to be set manually, according to the individual requirement of the passengers or the driver. On the other hand, the automatic HVAC system senses the outside ambient temperature and is set in motion automatically. It decreases energy use and improves occupant comfort. High demand for automatic HVAC among urban automotive users augments the popularity of this segment.
The market is segmented based on components into evaporator, compressor, condenser, receiver/drier, and expansion device. The main job of a condenser is to convert the coolant into a liquid form by cooling it, whereas an automotive AC compressor is responsible for pressurizing the AC system and keeping the refrigerant flowing to ensure smooth functioning. The automotive AC compressor is considered as the principal part of the overall air conditioning system playing a crucial role in efficient performance. Simply put, increasing car ownership all over the world makes this segment highly popular in the market. Subsequently, comfort and convenience of AC in cars is creating the demand for automotive AC compressors.
Regional Analysis:
On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. The Asia Pacific market is expected to drive the growth of this market. India and China have healthy growing economies, which will drive the automotive market in this region. Japan is leading the Asia Pacific market in the automotive innovation.
Large sales of automobiles are expected in this region due to large population, increasing demand for passenger vehicles, growing per capita income of the middle class, and a higher standard of living. In addition to considerable humidity, the temperature over this region is quite high, which demands the use of HVAC systems for a pleasurable driving experience. The Europe region has quite high demand for the HVAC systems due to extreme low-temperature conditions persisting almost throughout the year.
Major Points Covered in report:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
Continue…
Browse More Information About This Report At: https://www.marketresearchfuture.com/reports/automotive-hvac-market-2113
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