Press release
Automotive HVAC System Market: Analysis of Efficient and Sustainable Advanced Climate Control Technologies By 2027
Automotive HVAC System Market
Increase in demand for thermal system and automatic climate control features in automobiles, rise in safety & comfort measures due to adoption of HVAC systems, and upsurge in vehicle production have driven the growth of the global automotive HVAC systems market. On the other hand, high maintenance cost impedes the growth to some extent. However, adoption of eco-friendly refrigerants and production of cheaper HVAC systems are expected to usher in multiple opportunities in the industry.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ - https://www.alliedmarketresearch.com/request-sample/115
COVID-19 Scenario of Automotive HVAC Systems Market:
โข Manufacturing activities have been shut down due to lockdown imposed by governments of many countries. Moreover, there is a scarcity of raw materials as supply chain has been disrupted.
โข Research and development activities have been stopped as factories have been closed down. In addition, the demand for these systems has been declined due to pause in manufacturing activities.
โข As lockdown restrictions eased off, manufacturers have begun production activities with minimal workforce and taking safety measures in the factories.
โข Auto expos and conferences have been either cancelled or postponed to prevent gathering of people.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ- https://www.alliedmarketresearch.com/automotive-HVAC-market/purchase-options
On the basis of technology, the automatic segment contributed to more than half of the total market share in 2019, and is expected to rule the roost by the end of 2027. The same segment is also anticipated to manifest the fastest CAGR of 6.1% from 2020 to 2027. The manual segment is also discussed in the market report.
On the basis of vehicle type, the passenger car segment accounted for nearly three-fourths of the total market revenue in 2019, and is projected to retain its dominance throughout the forecast period. The electric vehicle segment, on the other hand, is predicted to portray the fastest CAGR of 11.3% till 2027. The report also analyzes the commercial vehicle segment.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.alliedmarketresearch.com/purchase-enquiry/115
On the basis of geography, Asia-Pacific held the highest share in 2019, generating more than one-third of the global market. The same region would also portray the fastest CAGR of 6.1% during the estimated period. The other three regions assessed through the market include North America, Europe, and LAMEA.
The key market players analyzed in the global automotive HVAC system market report include Valeo services, Air International Thermal Systems, Calsonic Kansei Corporation, Hanon Systems (HVCC), Sanden Holdings Corporation, Mahle GmbH, Johnson Electric, Denso Corporation, Sensata Technologies, Inc., and Keihin Corporation. These market players have taken recourse to several strategies including partnership, expansion, collaboration, joint ventures, and others to prove their stand in the industry.
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Allied Market Research is market research, consulting, and advisory firm of Allied Analytics LLP. Founded in 2013, the firm has been instrumental in offering high-quality syndicated and customized market research reports, consulting services, and useful insights to leading market players, startups, investors, and stakeholders. Driven by the aim to eliminate sub-standard data and become a successful partner for organizations, Allied Market Research has been innovating continuously, expanding the product & service portfolio, and implementing the client-first approach since its inception. With the clientele spanning more than 7,000 organizations that also include a majority of Fortune 500 companies, AMR has a proven track record of helping and serving the global clientele and playing a major role in their success.
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