Global Automotive HVAC Market Industry Analysis, Growth, Trends, Drivers, Opportunity and Forecast 2029

[akash Arjun pingale]

Global Automotive HVAC Market: was valued at US$ 53.95 Bn. in 2021 and is expected to reach at US$ 84.1 Bn. in 2029. Global Automotive HVAC Market size is expected to grow at a CAGR of 6.55% through the forecast period.

Global Automotive HVAC Market Overview: 

The Global Automotive HVAC Market study gives a complete picture of the competition, including the market share and company profiles of the key competitors in the global industry. The scope of the research includes a thorough investigation of the Global Automotive HVAC Market, as well as the reasons for variations in the industry's growth in various locations.

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Market Scope:

This market report makes extensive use of secondary sources, directories, and databases, such as annual reports, press releases, journals, company websites, and other databases, to discover and collect excerpts acceptable for this study.

Global Automotive HVAC Market Dynamic:

The increasing sales of vehicles and the growing requirement for air conditioning systems under extreme weather conditions across the globe leads to the growth of the Global Automotive HVAC Market. Automotive HVAC systems are widely used due to the increasing demand for enhanced performance, air quality and environmental issues. The rising demand for remote access control systems that assist in enhancing the efficiency of air conditioning and reducing fuel consumption are the factors which leads to the growth of the market during the forecast period. In addition to this, various technological innovations, such as the introduction of energy-efficient and eco-friendly automotive HVAC systems due to the increasing environmental consciousness among the masses, are providing a thrust to the market growth.

Global Automotive HVAC Market Segmentation: 

Based on Component, The segment compressor is dominating the market with the highest market share in the year 2021. It is a belt driven pump, which is attached to the engine. The compressor helps in compressing and transferring of refrigerant gas. When the hot compressed gases are introduced on the top of a condenser, they are cooled instantly and after the cooling is complete, they condense and exit from the bottom of the condenser as a high-pressure fluid. The main purpose of an evaporator is to remove the heat from inside the vehicle and dehumidify the environment within it. Pressure regulating devices are meant for controlling the evaporator temperature by regulating the refrigerant pressure and flow into the evaporator. These are the factors which leads to the growth of the Global Automotive HVAC Market.

Global Automotive HVAC Market Key Players:

• Denso Corporation
• Mahle Group
• Valeo
• Hanon Systems
• Calsonic Kansei Corporation
• Keihin Corporation
• Johnson Electric Holdings Ltd
• Sanden Holdings Corporation
• Japan Climate System Corporation
• MAHLE GmbH
• Brose Fahrzeugteile GmbH & Co. Kg
• Air International Thermal Systems
• Hanon Systems
• Calsonic Kansei
• Engineered Plastic Components
• DelStar Technologies
• Sanden Holdings Corporation
• Behr GmbH
• Halla Climate Control Corp.
• Delphi Automotive
• Calsonic Kansei
• Visteon Corp.
• Sanden Corp.

The entire method entails an examination of the key market players' financial reports. Following the assessment of the overall market size, the market was segmented into several segments and sub-segments and validated by key industry professionals such as CEOs, VPs, directors, and marketing executives. The biggest players in the Global Automotive HVAC market are as follows:

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Regional Analysis:

The regional overview of the Global Automotive HVAC market analysis also contains individual market influencing variables and changes in market regulations that affect current and future market trends. Current and future trends are reviewed to evaluate the overall market potential and to identify profitable trends to get a more solid footing. The geographical market evaluation is based on the current environment and anticipated trends.

COVID-19 Impact Analysis on Global Automotive HVAC Market:

End-user industries where Global Automotive HVAC are utilized had a drop in growth from January to May in some countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant fall in the revenues of businesses operating in these industries and, as a result, in demand for Global Automotive HVAC manufacturers, impacting the Global Automotive HVAC market's growth in 2020. With lockdowns and an increase in COVID-19 instances throughout the world, end-user business demand for Global Automotive HVAC has declined dramatically.

Key Questions Answered in the Global Automotive HVAC Market Report are: 

• Which segment had the largest share in the Global Automotive HVAC market in 2021?
• What is the competitive landscape of the Global Automotive HVAC market?
• Which are the key drivers aiding the Global Automotive HVAC market growth?
• Which region has the maximum share in the Global Automotive HVAC market?
• What will be the CAGR of the Global Automotive HVAC market during the forecast period (2022-2027)?

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