Press release
Automotive HVAC Market Size Analysis 2034 | Hanon Systems, Valeo SA, Mahle GmbH, Calsonic Kansei Corporation, Johnson Controls International plc
This growth is driven by increasing demand for advanced climate control systems, rising vehicle production, and the integration of energy-efficient HVAC technologies in electric and hybrid vehicles.
📌 Market Size (2024): $56.12 billion
📌 Market Size (2025): $60.11 billion
📌 Projected Growth: 7.17% CAGR (2024-2034)
📈 Estimated Market Size (2034): $107.05 billion
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Comprehensive Analysis of the Global Automotive HVAC Market
The extensive examination of the global Automotive HVAC Market delves into the profiles of key supplier companies. Analysts highlight that this detailed documentation stems from rigorous research initiatives and the aggregation of evaluations across various pivotal factors that are progressively shaping the growth of the international Automotive HVAC sector. The study segments leading global manufacturers based on metrics such as sales, revenue, and, where pertinent, pricing strategies. Its main aim is to provide both qualitative and quantitative perspectives of the industry across different geographic regions and countries.
The enforcement of strict lockdown measures to mitigate the COVID-19 pandemic has significantly disrupted supply and demand patterns, impacting numerous businesses worldwide. Beyond the immediate fluctuations in short-term market profitability, it is anticipated that certain segments will encounter substantial challenges even as the global economy recovers from the pandemic. Essentially, nearly every business across various sectors has recalibrated their financial strategies to secure profitability in the upcoming years.
Moreover, the research evaluates regional growth rates, overall market size, expenditure data, and profitability analyses. A comprehensive assessment of competitive dynamics is included to furnish a substantial competitive advantage. Geographic analysis has been performed based on market share, projected growth, and key countries. A select group of major corporations commands a significant portion of this market. Competition within the global Automotive HVAC industry is intensifying as leading companies vie to surpass each other. The report encompasses detailed revenue analyses, methodologies employed, product specifications, and profiles of significant market players.
To achieve optimal outcomes, essential market strategies are reviewed from both technological and commercial perspectives. Additionally, consumers can benefit from in-depth market research by gaining a better understanding of the analysis and accessing relevant data. The study offers readers a broad overview of the industry, assisting them in comprehending the competitive landscape of the international Automotive HVAC Market.
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Key Highlights of the Report:
• Identifies numerous lucrative opportunities for major industry players.
• Provides clients with measurable insights into the current market conditions.
• Includes strategic business plans of key market competitors.
• Presents a thorough examination of the target market, highlighting factors such as drivers, opportunities, and threats.
• Equips stakeholders with information to make informed investment decisions.
• Offers a market overview, encompassing key drivers and risk factors.
Reasons to Purchase This Report:
• The global Automotive HVAC Market research study offers valuable insights into the number of prominent companies operating on an international scale.
• It includes comprehensive company financials, technological advancements, supply chain/value chain trends, and significant innovations and developments.
• The report details mergers, acquisitions, joint ventures, key focus areas, investments, and market presence.
• Provides essential information about the target market's revenue, growth rate, and industry share, along with details on current driving forces, macro trends, and restraints.
Automotive HVAC Market Competitive Landscape:
Prominent entities within the worldwide automotive HVAC sector, including manufacturers of systems and technology providers, are spearheading advancements and improving efficiency via sophisticated climate control technologies. Their partnerships with vehicle manufacturers not only boost comfort levels for occupants but also tackle issues related to environmental standards and energy usage.
Prominent participants in the Automotive HVAC industry comprise Denso Corporation, Hanon Systems, Valeo SA, Mahle GmbH, Calsonic Kansei Corporation, Johnson Controls International plc, Sanden Corporation, Mitsubishi Electric Corporation, Panasonic Corporation, Ando Automotive, Gree Electric Appliances Inc., Delphi Technologies, Continental AG, Subros Limited, and Sanhua Holding Group Co., Ltd.
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Latest Trends and Innovation in the Global Automotive HVAC Market:
• In January 2023, DENSO Corporation announced a collaboration with Toyota Motor Corporation to develop advanced heat pump systems aimed at improving energy efficiency and passenger comfort in electric vehicles.
• In March 2023, Valeo acquired the HVAC business from the American company, Visteon, enhancing its capabilities in climate control technologies for electric vehicles and expanding its footprint in North America.
• In June 2023, Mahle GmbH unveiled a new thermal management solution at the IAA Mobility 2023 trade fair, designed to optimize the energy consumption of HVAC systems in hybrid and electric vehicles.
• In August 2023, Continental AG launched its innovative HVAC control unit, capable of integrating advanced sensors and artificial intelligence to enhance the user experience and improve energy savings in vehicles.
• In September 2023, Hella GmbH entered into a joint venture with the Chinese company, Zhejiang Geely Holding Group, to develop and manufacture advanced climate control systems specifically for the Asian market, focusing on smart and sustainable technologies.
• In October 2023, Panasonic Automotive announced an investment in new technologies related to cabin air quality management systems, integrating filters and purification systems into HVAC units to improve air quality in vehicles.
• In November 2023, Carrier Global Corporation completed the acquisition of the HVAC division from Toshiba, enabling Carrier to enhance its offerings in automotive climate control systems, particularly for hybrid and electric vehicles.
Segments of the Automotive HVAC Market
By Type
• Automatic HVAC Systems
• Manual HVAC Systems
By Vehicle Type
• Passenger Cars
• Commercial Vehicles
• Light Commercial Vehicles (LCV)
• Heavy Commercial Vehicles (HCV)
By Component
• Sensors
• Temperature Sensors
• Pressure Sensors
• Humidity Sensors
• Air Quality Sensors
• Position Sensors
• Heat Exchangers
• Condenser
• Evaporator
• Compressor
• Expansion Device
• Receiver/Drier
• Blower Motor
• Others
By Propulsion Type
• Internal Combustion Engine (ICE)
• Electric
• Hybrid
Regional Overview
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America
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CONTACT US:
Ryan Johnson
Account Manager Global
3131 McKinney Ave Ste 600, Dallas,
TX 75204, U.S.A
Phone No.: USA: +1 9726644514
ABOUT US:
Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a markets size, key trends, participants and future outlook of an industry. We intend to become our clients knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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