Press release
India Automotive HVAC Market : Passenger Cars, Light Commercial Vehicle, and Heavy Commercial Vehicle 2019-2026
According to a recent report published by Allied Market Research, titled, "India automotive HVAC Market by Technology and Vehicle Type: Opportunity Analysis and Industry Forecast, 2018-2026," The India automotive HVAC market size was valued at $821.8 million in 2018, and is projected to reach $2,033.1 million by 2026, registering a CAGR of 11.6% from 2019 to 2026.Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/4938
The passenger car segment dominates the India automotive HVAC market, followed by light commercial vehicle, and heavy commercial vehicle.
Automotive AC systems can be divided typically into single unit or dual unit systems, while the dual unit system consists of an additional rear evaporator. The refrigerant is evaporated inside these heat exchangers by taking heat and condensing moisture from the fresh or recirculated air that is being pushed inside the vehicle's cabin by the air blower. This incoming cold air in turn brings the inside humidity and temperature to a level, which is favorable that is combatable for the passengers. These HVAC modules have their own thermal expansion valve to set the flow of refrigerant, but both are connected to the main loop of AC refrigerant.
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The factors such as growth in the Indian automotive industry, rise in demand for thermal comfort, and increase in safety due to adoption of HVAC systems are expected to boost the growth of the India automotive HVAC market. However, high maintenance cost of HVAC system restrains the growth of the market. Furthermore, adoption of eco-friendly refrigerants and production of cheaper HVAC systems provides lucrative growth opportunity for the players operating in the Indian automotive HVAC market.
Key Finding of The India Automotive HVAC Market:
By technology, the automatic segment is anticipated to maintain its lead and is expected to grow at a significant growth rate throughout the forecast period.
By vehicle type, the passenger car segment was the highest contributor to the India automotive HVAC market in terms of revenue in 2018.
By vehicle type, the heavy commercial vehicle segment is anticipated to exhibit the lucrative growth rate during the forecast period.
The key players including Samvardhana Motherson Group, MAHLE ANAND Thermal Systems, Subros Limited, Sanden Vikas (India) Ltd., Denso Corporation, Hanon Systems, Johnson Electric Holdings Limited, Sensata Technologies, Keihin Corporation, Valeo Service, and others are studied in the report.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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