Automotive HVAC Market; Regional Trend, Top Manufacturers Analysis & Growth Projections to 2025

The global automotive HVAC market is projected to exceed USD 25 billion in valuation by 2025. Increase in the purchasing power of consumers has significantly propelled the automotive HVAC industry revenues worldwide, as vehicle sales have been rising every year and creating massive opportunities for businesses associated with vehicle manufacturing. The International Organization of Motor Vehicle Manufacturers (OICA) had reported that in the year 2017, more than 96.8 million vehicles had been sold globally, which was approx. 2.9 million more as compared to 2016. These figures represent the gradual development of the auto manufacturing segment, which has been supported by consistent innovations in production process and in-vehicle technologies.

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The automotive HVAC market will subsequently benefit from the increased demand for luxury cars and improved comfort features in low-priced cars as well as commercial vehicles. Introduction of automated systems in cars to control temperature and cooling functions will greatly transform the automotive HVAC industry dynamics.

Essentially, automatic climate control systems have been designed to allow drivers to maintain a desired temperature level throughout the ride, without the need to constantly adjust any settings. Sensors help the system to determine existing conditions and make heating or cooling changes by itself, enhancing the conform and driving experience. Innovative features like dual-zone and tri-zone automatic control have also advanced the automotive HVAC industry to a great extent.

These systems enable the driver and passengers in a vehicle to maintain different temperature levels in different sections, in the front as well as in the back of the cabin. Over the next few years, however, the rapid adoption of electric vehicles (EVs) and the ceaseless efforts to develop autonomous vehicles will create various challenges for the automotive HVAC market.

The potential of growth for the automotive HVAC market from the development of EVs could be surmised from the fact that BMW expects 15% to 25% of its global sales to be composed of electric models by 2025. Advent of fast-charging technologies for EVs has also made it necessary for installing effective cooling control in vehicles, as a vast quantity of heat is generated at the cable and battery level during super charging process. It must be noted that the efficacy of such cooling systems determine the overall range of an EV, and the life of batteries used in these cars.

According to the OICA, 16% of the global man-made CO2 emissions result from road transport, which justifies the tremendous amounts of investments being directed towards commercializing EV technology and advancing hybrid vehicle production. Generally, heat dissipated from the engine of a vehicles is utilized to control the temperatures in the cabin, making it difficult to easily provide heat in EVs, as they do not have a combustion engine. Several solutions have been suggested by experts, institutes and government agencies to overcome these difficulties for ensuring a fast-paced growth of the EV industry. The automotive HVAC market will consequently need to evolve for meeting the future requirements of zero-emission vehicles.

Advent of fast-charging technologies for EVs has also made it necessary for installing effective cooling control in vehicles, as a vast quantity of heat is generated at the cable and battery level during super charging process. It must be noted that the efficacy of such cooling systems determine the overall range of an EV, and the life of batteries used in these cars. The potential of growth for the automotive HVAC industry from the development of EVs could be surmised from the fact that BMW expects 15% to 25% of its global sales to be composed of electric models by 2025.

In a nutshell, the unprecedented growth in the development of automobile manufacturing technologies and the augmentation of emerging EV platforms will drive the automotive HVAC market, which is comprised of key players such as Denso Corporation, Calsonic Kansei Corporation, Hanon Systems and Air International Thermal Systems, among several others.

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Some Point from Table of Contents:

Chapter 4. Automotive HVAC Market, By Technology

4.1. Key trends in automotive HVAC industry, by technology

4.2. Automatic

4.2.1. Market estimates and forecast, 2015 - 2025

4.3. Manual

4.3.1. Market estimates and forecast, 2015 - 2025

Chapter 5. Automotive HVAC Market, By Vehicle Type

5.1. Key trends in automotive HVAC industry, by vehicle type

5.2. Passenger cars

5.2.1. Market estimates and forecast, 2015 - 2025

5.3. LCVs

5.3.1. Market estimates and forecast, 2015 - 2025

5.4. HCVs

5.4.1. Market estimates and forecast, 2015 - 2025

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