Press release
Automotive HVAC Market Is Booming Worldwide by 2025 | Brose Group, Delphi, Denso, Johnson Electric, MAHLE, Sensata Technologies, Valeo
Escalating production of LCVs and passenger cars has brought about a sizeable upsurge in automotive HVAC market demand in South Africa. Key manufacturers in the region comprise myriad European, Asian and American automotive companies including Volkswagen, Toyota, Nissan, Ford, Mercedes and more.
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Exports to the United States are among the pivotal operations in the region including left-hand drive vehicles such as BMW 3-Series and Ford Ranger, among others.
The National Association of Automobile Manufacturers of South Africa reports that the South Africa automotive industry recorded revenue of over $42 billion in 2017.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Air International Thermal Systems (AITS)
2. Brose Fahrzeugteile GmbH & Co. KG
3. Calsonic Kansei
4. Delphi Automotive
5. DelStar Technologies, Inc.
6. Denso Corporation
7. Engineered Plastic Components
8. Hanon Systems
9. Japan Climate Systems Corporation
10. Johnson Electric
11. Mahle
12. Sanden Holdings Corporation
13. Sensata Technologies
14. Valeo SA
Maintaining positive business relationships with the US will prove beneficial for the region, as a result of higher revenues attributing to escalating automobile exports, thereby stimulating product demand. Combined with mounting demand from the automotive manufacturing sector, these factors will present several lucrative business opportunities for the automotive HVAC market in South Africa.
Rising customer expectations and the subsequent surge in demand for comfortable and sophisticated vehicles are boosting automotive HVAC market share. HVAC systems have gained immense popularity over the years, leading to their integration in even entry-level vehicles.
HVAC systems are used to monitor and control cabin temperatures to suit user preferences. The efficiency of these systems can be attributed to certain parameters like low energy consumption, reduced acoustic noise and sufficient flow delivery, among others.
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As environmental concerns like global warming and ozone layer depletion become alarmingly prevalent, several economies have initiated stringent regulations and policies regarding fuel-efficiency and sustainability in automobile production. This paradigm shift towards mitigation of CO2 emissions is contributing heavily to automotive HVAC market growth across the globe.
Highly efficient systems are required to control and maintain desired temperatures in these battery- powered vehicles. To accommodate this, many production companies are now implementing innovative technologies to elevate cabin comfort in electric vehicles, giving rise to the development of new coolant flow systems. These systems are designed to use heat pumps and vaporized coolants like CO2 refrigerants, which will in turn augment automotive HVAC market growth.
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Global Market Insights, Inc.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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