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EV Smart HVAC System Market Size. Manufacturers, Share 2033
EV Smart HVAC System Market Size
As per the report, the EV smart HVAC system market size has grown strongly in recent years. It will grow from $4.69 billion in 2023 to $5.15 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The EV smart HVAC system market size is expected to see strong growth in the next few years. It will grow to $7.52 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%.
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Rise Of Autonomous Automobiles And The EV Smart HVAC System Market
The increasing number of autonomous automobiles is expected to propel the growth of the EV smart HVAC system market in the coming years. An autonomous automobile, additionally referred to as a self-driving car or a driverless vehicle, is a vehicle that can operate without human involvement, perceive its surroundings, and carry out vital activities without human intervention. The number of autonomous automobiles is increasing due to market demand for safer and more efficient transportation and regulatory initiatives promoting autonomous vehicle deployment. Smart HVAC systems in autonomous electric vehicles optimize passenger comfort and energy efficiency through automated temperature and airflow adjustments based on environmental conditions and passenger preferences. For instance, in December 2022, according to a report published by the Insurance Institute for Highway Safety, a US-based non-profit organization, there were projected to be 3.5 million autonomous vehicles or self-driving cars on American roads by 2025. Additionally, 4.5 million autonomous vehicles are expected to be on the road by 2030. Therefore, the increasing number of autonomous automobiles drives the EV smart HVAC system market.
Thermal Management Solution Enhances Commercial EVs Performance and Comfort
Major companies operating in the EV smart HVAC system market are focusing on developing advanced thermal management technologies for commercial electric vehicles, such as heat exchanger technology, to enhance energy efficiency and comfort while reducing environmental impact. Heat exchanger technology optimizes cabin comfort and vehicle performance by efficiently transferring heat between the cabin air, battery thermal management systems, and power electronics cooling components. For instance, in May 2022, Modine Manufacturing, a U.S.-based provider of thermal management solutions, launched a new EVantage line of thermal management systems for commercial electric vehicles. The battery thermal management system (BTMS) gives customers full control of battery temperature in all environments, from hot summer afternoons to icy winter mornings. The system optimizes the temperature range for an entire bank of batteries with a single unit while minimizing power draw with multi-stage cooling and heating. The electronics cooling package (ECP) keeps the traction motor and power electronics cool for all loads. This complete solution is designed to maintain optimal fluid temperatures for the traction motor and power electronics circuits, utilizing multi-zone cooling.
The EV smart HVAC system market covered in this report is segmented -
1) By Type: Engine Powered HVAC, Electric Powered HVAC
2) By Component: Compressor, Condenser, Heater Core, Evaporator, Other Components
3) By Technology: Automatic, Semi Automatic, Manual
4) By Application: Passenger Car, Commercial Vehicles
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Major companies operating in the EV smart HVAC system market are Bosch Mobility Solutions, Denso Corporation, Sanden Holdings Corporation, Continental AG, Toyota Industries Corporation, Valeo SA, Marelli Holdings Co. Ltd., BorgWarner Inc, Mahle GmbH, Brose Fahrzeugteile GmbH & Co KG, Hella GmbH & Co. KGaA, Hanon Systems Deutschland GmbH, Eberspächer Group, Webasto Group, HVCC (Halla Visteon Climate Control), Johnson Electric Holdings Limited, Thermo King, Modine Manufacturing Company, Preh GmbH, Delphi Technologies, SMP Deutschland GmbH, NORMA Group, Gentherm Incorporated, Songz Automobile Air Conditioning Co. Ltd., Kendrion NV, Subros Limited, Voss Automotive GmbH, Keihin Corporation
Contents of the report:
1. Executive Summary
2. EV Smart HVAC System Market Report Structure
3. EV Smart HVAC System Market Trends And Strategies
4. EV Smart HVAC System Market - Macro Economic Scenario
5. EV Smart HVAC System Market Size And Growth
…..
27. EV Smart HVAC System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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