HVAC stands for heating, ventilation, and air conditioning
technology that is used to give environmental comfort not only indoor but also
vehicular comfort. The process of exchange and circulation of fresh air within
a space is known as ventilation. Air conditioning is a process shifting air in
order to make indoor air more comfortable. The major advantage of automotive
HVAC system is that it provides the high level of comfort in air condition
within the vehicle. This technology also provides thermal comfort at a
particular indoor air quality.
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Factors such as increasing income level and rising
middle-class population are expected to boost market growth in future. Also,
increasing use of commercial vehicles results in high demand for automotive
HVAC technology. In addition, the automotive HVAC market is witnessing high
demand owing to automatic temperature control feature. Automotive HVAC system
utilizes refrigerants which reduce concerns regarding safety; this, in turn, is
anticipated to increase demand in the near future. Private rental car owners
who are making air conditioning as their basic requirement to enhance customer
value proposition is also increasing the demand in the global market. On the
other hand, use of polluting refrigerants, to some extent, in the automatic
HVAC market poses challenges to the thermal system. Furthermore, implementation
of geothermal pumps is also expected to boost the global market growth in
future.
On the basis of technology, the global automotive HVAC
market is segmented as manual HVAC system and automatic HVAC system. Of which,
automatic HVAC system is a leading segment in the market owing to increasing
adoption of technology by the customers. Based on the components, the global
market is segmented as receiver, compressor, expansion device, and heat
exchanging equipment. Further, the global automatic HVAC market is segmented on
the basis of vehicle type as the passenger vehicle and commercial vehicle. The
passenger vehicle segment is influencing the market owing to its significant
growth in passenger vehicle production.
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Asia Pacific is anticipated to witness the highest growth in
the global automotive HVAC market. Developing countries such as India, China,
and Japan are expected to witness the increase in the number of production and
automobile manufacturers. In addition, growing government support to the auto
industry impacts the global market in a positive way. Moreover, North America
and Europe are expected to grow at the fastest pace owing to the improving
macroeconomic and production capacity.
Some of the major players dominating the global automotive
HVAC market are Johnson Electric, Air International Thermal Systems, Valeo SA,
Visteon Corporation, Brose GmbH & Co., Keihin Corporation, and Toyota
Industries Corporation. Other key players influencing the global market are
Delphi Automotive LLP, Denso Corporation, Xiezhong International Holdings
Limited, Sanden Corporation, Calsonic Kansei Corporation, Japan Climate Systems
Corporation, and Gentherm Inc.
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Automotive HVAC Market: Regional Segment Analysis
·
North America
o
U.S.
·
Europe
o
UK
o
France
o
Germany
·
Asia Pacific
o
China
o
Japan
o
India
·
Latin America
o
Brazil
·
Middle East and Africa
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