Press release
Global Automotive HVAC Market to grow at a CAGR of 8.81% during 2016-2020
About Automotive HVACCurrently, automotive HVAC market is at maturity stage, hence its adoption is mostly limited to new vehicles production. However, development in technology of automotive HVAC, and evolution in components (such as materials and refrigerants) is keeping the market competitive, further pushing market demand for HVAC systems. The luxury vehicle segment is witnessing developments to integrate HVAC with safety system like ADAS. We expect these developments to be crucial for the HVAC market to pave its way into autonomous vehicles.
Technavios analysts forecast the global automotive HVAC market to grow at a CAGR of 8.81% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive HVAC market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of HVAC in vehicles across all regions.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Automotive HVAC Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Download Sample Copy of Report at http://www.marketresearchreports.biz/sample/sample/877722
Key vendors
Denso
MAHLE
Valeo
Hanon Systems
Other prominent vendors
Denso
MAHLE
Valeo
Hanon Systems
Market driver
Reduction in car emissions by using automatic HVAC with MOSFET (operated in pulse width modulation mode) to drive market
For a full, detailed list, view our report
Market challenge
Need for a balanced approach to curtail environmental concerns
For a full, detailed list, view our report
Market trend
Government regulations pushing development of environment friendly components in HVAC systems
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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