Automotive HVAC Market Analysis, Trends, Top Manufacturers, Share, Growth, Statistics, Opportunities and Forecast to 2028

Automotive HVAC Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Technology Type (Automatic HVAC System, Manual HVAC System); Equipment Type (Rooftop Package Unit, Split System, Chilled Water Air Handler, Variable Air Volume, Air to Air Heat Pump); Component (Condenser, Evaporator, Compressor, Drier, Others); Application (Passenger Vehicles, Commercial Vehicle) and Geography"

Heating Ventilation and Air Conditioning (HVAC) is the technology that is used to sustain the internal climate of a vehicle. It helps in maintaining temperature (hot/cold) for the interior atmosphere of a vehicle and thus helps to provide comfort for on-board passengers. The major driver is the automatic climate control feature and rising demand for thermal systems, safety concerns, and the adoption of eco-friendly refrigerants will boost the demand of automotive HVAC market in the forecast period. Recent trend depicts that now companies majorly focus on customized and consumer friendly HVAC system that supports automatic air conditioning and climate control system.

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Companies Profiled in this report includes: Denso Corporation., Valeo SA, Behr GmbH, Halla Climate Control Corp., Delphi Automotive PLC, Visteon Corp., Sanden Corp., Air International Thermal Systems, Calsonic Kansei, DelStar Technologies

MARKET SEGMENTATION

The global automotive HVAC market is segmented on the basis of technology type, equipment type, component, application.
Based on technology, the market is segmented as Automatic HVAC System and Manual HVAC System.
On the basis of the equipment type, the market is segmented as Rooftop Package Unit, Split System, Chilled Water Air Handler, Variable Air Volume and Air to Air Heat Pump.
On the basis of the component, the market is segmented as Condenser, Evaporator, Compressor, Drier, Others.
On the basis of the application, the market is segmented as Passenger Vehicles and Commercial Vehicle.

MARKET DYNAMICS

Drivers:

Increase in demand for thermal system and automatic climate control features in automobile.
Rise in safety & comfort due to adoption of HVAC systems

Restraints:

High maintenance cost.

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IMPACT OF COVID-19ON AUTOMOTIVE HVAC MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

The purposes of this analysis are:

To characterize, portray, and check the Automotive HVAC market based on product type, application, and region.

To estimate and inspect the size of the Automotive HVAC market (in terms of value) in six key regions, specifically, North and South America, Western Europe, Central & Eastern Europe, the Middle East, Africa, and the Asia-Pacific.
To estimate and inspect the Automotive HVAC markets at country-level in every region.

To strategically investigate every sub-market about personal development trends and its contribution to the Automotive HVAC market

To look at possibilities in the Automotive HVAC market for shareholder by recognizing excessive-growth segments of the market.

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About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.