Press release
Automotive HVAC Systems Market Expanding at 5.8% CAGR, to Hit $68.18 Billion by 2027
๐๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ : https://www.alliedmarketresearch.com/request-sample/115
The Asia-Pacific region is dominating the market in term of revenue, followed by Europe, North America, and LAMEA. In Asia-Pacific, China dominated the automotive HVAC system market in 2019, whereas India is expected to grow at a significant rate during the forecast period.
HVAC is the technology that is used for automotive cabin comfort for maintaining a pleasant temperature an ambient indoor condition in the vehicle. It is used to facilitate and manage the favorable and pleasant conditions inside the cabin by controlling the degree of the temperature. The basic operation of the HVAC system is convection and conduction. Heat is transferred from the region of low-temperature to the region of high-temperature in the vehicle due to pressure difference. Evaporator, condenser, compressor, and others are the major components of the HVAC system.
Consumers are increasingly spending on more comfort and luxury features in vehicles, propelling OEMs to integrate high-quality climate control systems. Manufacturers are investing in R&D to offer product differentiation in their products such as compact and lightweight HVAC systems. For instance, Denso has developed a novel COA HVAC based on a new blower structure that offers a reduction in heat required by the system by 30%, reducing size and power consumption by 20%. This will enable the company to offer HVAC systems to its clients, providing both environmental performance and energy efficiency. In addition, the growing concerns in consumers regarding indoor air quality are further creating several growth prospects for the automotive HVAC system industry.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ : https://www.alliedmarketresearch.com/automotive-HVAC-market/purchase-options
The automotive HVAC system market is driven by factors such as increase in vehicle production, rise in disposable income, and surge in sales of luxurious vehicles in developing countries. Moreover, increasing demand for thermal system and automatic climate control features in automobile is also propelling to the growth of 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 player operating in the automotive HVAC market.
๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐๐ ๐๐ก๐ ๐๐ญ๐ฎ๐๐ฒ :
In 2019, by technology, the automatic type segment generated the highest revenue.
In 2019, by vehicle type, the electric vehicle segment was the highest revenue contributor.
In 2019, by component, the compressor segment was the highest revenue contributor.
In 2019, region-wise, Asia-Pacific contributed the highest revenue, followed by Europe, North America, and LAMEA.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/115
The key players analyzed in the automotive HVAC system market report include Denso Corporation, Valeo services, Hanon Systems (HVCC), Calsonic Kansei Corporation, Sanden Holdings Corporation, Mahle GmbH, Johnson Electric, Sensata Technologies, Inc, Keihin corporation and Air International Thermal Systems.
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ :
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https://www.alliedmarketresearch.com/hoverboard-scooter-market-A12257
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https://www.alliedmarketresearch.com/railway-traction-motor-market
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https://www.alliedmarketresearch.com/electric-vehicle-supply-equipment-market-A07130
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https://www.alliedmarketresearch.com/flying-bikes-hoverbikes-market-A09095
๐๐จ๐ง๐ญ๐๐๐ญ :
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. 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.
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