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Bus HVAC Systems Market Share Driven by Demand for Passenger Comfort and Emission Regulations | Valuates Reports
Bus HVAC Systems MarketThe global market for Bus HVAC Systems was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.
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The global bus HVAC systems market is experiencing significant growth, driven by increasing demand for passenger comfort, stringent emission regulations, and the rising adoption of electric buses. In 2021, the market was valued at USD 0.97 billion and is projected to reach USD 1.83 billion by 2031, growing at a CAGR of 6.8% from 2022 to 2031. The shift towards electric drivetrains and the development of high-capacity energy storage solutions are providing lucrative growth opportunities for electric-powered HVAC systems during the forecast period.
By type, engine-powered HVAC systems have historically dominated the market due to their low cost and simple installation procedures. However, electric-powered HVAC systems are witnessing rapid growth, driven by the adoption of electric drivetrains by bus manufacturers and the development of high-capacity energy storage solutions. This shift towards electric-powered systems is expected to continue as the transportation industry moves towards more sustainable and energy-efficient solutions.
In terms of application, the coach segment holds the largest market share, driven by the demand for luxury and efficient systems in long-distance travel. The inner-city bus segment is projected to record the fastest market growth, fueled by increasing urbanization and the need for efficient public transportation systems. School buses also contribute to the market's expansion, with a focus on safety and comfort for students.
Looking ahead, the market forecast indicates strong growth prospects, driven by continuous advancements in HVAC technologies and the implementation of stricter regulatory frameworks. Organizations are expected to invest more in bus HVAC systems to enhance passenger comfort, comply with emission standards, and support the transition towards electric buses. The increasing focus on sustainable transportation solutions is set to shape the future of the bus HVAC systems market.
by Type
• Engine Powered HAVC
• Electric Powered HAVC
by Application
• Coach
• Inner City Bus
• School Bus
By Company
Denso, Guchen Industry, MAHLE, Valeo, WABCO, Thermo King, Air International Thermal Systems, American Cooling Technology, Grayson Thermal Systems, Japanese Climate Systems, Carrier, Coachair, KONVEKTA, SUTRAK USA, Sidwal, Subros
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