Automotive Climate Control System Market Analysis From 2018 To 2023 By Component, Vehicle Type, Key Players, And Region

Automotive Climate Control System Market 2018 Industry Research Report – Global Forecast to 2023, is latest research report on Global Automotive Climate Control System Market published by Market Research Future. Report provides comprehensive information on Automotive Climate Control System Market forecast, historic data, with business development strategies, upcoming opportunities, and regional outlook. Global Automotive Climate Control System market is set to Value at USD 18,511.7 Mn by 2023.

Automotive Climate Control System Automotive Industry Key Players Analyzed in Report Are:

Webasto, Red Dot Corporation, Mahle GmbH, Calsonic Kansei Corporation Mobile Climate Control, Wabco, Valeo S.A, Sanden Holdings Corporation, Hanon Systems, Denso Corporation, Eberspächer, Bergstrom Inc.

Get Sample Copy Of “Automotive Climate Control System Market Automotive Industry Research Report – Forecast to 2023” at: https://www.marketresearchfuture.com/sample_request/6328

Automotive Climate Control System Market Highlights:

Market Research Future (MRFR) has revealed in its latest study that the global climate control system for commercial vehicle market is projected to grow from USD 11,078.2 Mn in 2016 to USD 18,511.7 Mn in 2023. The market is estimated to register a robust CAGR of 9.04% during the forecast period 2018 to 2023. The rising concern regarding carbon emission from vehicles has led to a shift towards legislative enforcements regulating the efficiency of climate control systems.

The National Renewable Energy Laboratory (NREL) works closely with the vehicle manufacturers, suppliers, and fleet operators for innovating climate control system to reduce fuel consumption and emission. The thermal management in vehicles is a key area of focus in the automobile industry, which is likely to catapult the global climate control system for commercial vehicle market on an upward trajectory. The increasing initiatives being undertaken by the governments for reducing carbon footprints is expected to catalyze demand for climate control systems in vehicles.

This MRFR report delivers a comprehensive analysis of the global climate control system for commercial vehicle. The primary objective of the report is to deliver a market forecast for the next five years until 2023. The report sheds light on all the primary elements that are expected to impact the growth trends of the market over the next couple of years. Revenues analysis on the basis of component types such as compressor, condenser, receiver-drier, evaporator, control valves, actuators, thermostat, coils, relays, sensor. The report also enlists the type of commercial vehicles that are integrated with climate control systems, which include truck, bus, ambulance, minivan, cargo van, and trailer. Climate control system for electric commercial vehicle types covers hybrid and full electric vehicle. Truck applications of the climate control system analyzed include long haul, regional and specialty. Sales channels profiled in the report include OEMs and aftermarket.      

Industry Segmentation:

By commercial vehicle type, the market is segmented into truck, bus, ambulance, minivan, cargo van, trailers, and others. The truck segment is further sub-segmented into light duty, medium duty, and heavy duty. The truck segment captured a dominant share in 2017 and is likely to witness salient growth in the foreseeable future.

By electric commercial vehicle type, the market has been segmented into hybrid, and fully electric vehicle. The sub-segment of fully electric vehicle segment-voltage type is further segmented into 12V, 24V, 48V, 350V, and 650V. The hybrid segment accounted for 67.4% share of the market in 2017 and is expected to exhibit tremendous opportunities for growth during the forecast period.

By truck type application, the market is segmented into long haul, regional, and specialty. In 2017, the long-haul segment commanded the largest share of market trailed by the regional segment.

By sales channel, the market has been segmented into OEMs and aftermarket. The OEM segment was estimated as the leading segment in 2017 exercising its control over 68.5% of share in the market.

Regional Analysis:

Asia Pacific is likely to remain highly lucrative market throughout the assessment period. The region is estimated to witness a surge in demand for commercial vehicles from fast developing economies. Additionally, the demand for electric cars has been on the rise in China, which is projected to drive the proliferation of the climate control system for commercial vehicle market. These factors are anticipated to encourage the acceleration of revenue creation in the market. China is one of the largest emerging markets for automotive climate control system accounting for the most significant share of the market in Asia Pacific presently. The recent developments introduced in the market as a response to the strict government policies regarding fuel emission are poised to open avenues of growth opportunities for the market players.

Europe is estimated to be a major growth pocket registering a CAGR of 8.86% during the forecast period. The regulatory initiatives undertaken by the UN Economic Commission for Europe (ECE) and the European Union (EU) are poised to pave the way for technological advancements in the product portfolios of the major players.

List of Tables:

Table 1 Global Automotive Climate Control System Market: By Region, 2017-2023

Table 2 North America Automotive Climate Control System Market: By Country, 2017-2023

Table 3 Europe Automotive Climate Control System Market: By Country, 2017-2023

Table 4 Asia Pacific Automotive Climate Control System Market: By Country, 2017-2023

Table 5 RoW Automotive Climate Control System Market: By Country, 2017-2023

Continued…

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