Automotive HVAC System Market 2019 Size, Global Industry Analysis, Growth Trends, Segmentation, Revenue Share, Regional Forecast to 2025
May 8, 2019
Europe automotive HVAC systems market is projected to register prominent growth during the forecast period owing to growing production of premium passenger vehicles in the region.
Selbyville, Delaware , USA - May 8, 2019 /MarketersMedia/ —
Automotive HVAC System Market is expected to reach over USD 25 billion by 2025. Automatic HVAC systems have a high demand in passenger cars as these systems can monitor numerous cabin air parameters such as humidity and temperature set by driver or system specifications. These systems limit the fresh air inlet to the minimum by recirculating air through the air conditioning unit back to the cabin. An HVAC system fuel consumption ranges up to three litres for every hundred kilometers depending on driving cycles and climatic conditions. Automatic HVAC systems have been recorded to reduce the fuel consumption by 35%, driving the growth of the automotive HVAC system market.
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Continuous R&D investments by companies involved in the automotive HVAC system market have resulted in the development of eco-friendly systems. Compressors need high power of up to a thousand Watts for their operation. Efforts are being focused on reducing the energy consumption and active time to improve the efficiency of compressors, augmenting technological innovations in the automotive HVAC systems market. In addition, measures such as replacement of the mechanical expansion valve by an electrochemical valve controlled using a linear stepper motor and decreasing the temperature of airflow running over the evaporator to gain better control over the flow of refrigerant has been proposed. This is projected to contribute towards the market growth.
Governments’ efforts and initiatives to control global warming is a major factor fueling the automotive HVAC system market. Government regulations laid on fuel emissions are compelling OEMs to integrate eco-friendly systems that decrease the load on the engine, thus reducing emissions. Variable-speed air movers and variable-speed electric compressors will play a significant role in implementing low emission strategies that minimize the time spent in the reheat mode where heat is introduced into the AC system for dehumidification. Moreover, OEMs are switching to CO2 refrigerants as a potential solution to address the increasing environmental impacts of these refrigerants. This will create the need for additional sensors to be mounted in the cabin.
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Europe is projected to be one of the prominent regions for the growth of the automotive HVAC system market owing to the growing production of premium passenger vehicles in the region. The automotive industry in Germany is the most significant contributor to the country’s GDP. In 2017, over 20% of global passenger cars were produced in Germany accounting for over 16 million units. The German automotive industry caters to demands globally and produces the largest number of premium cars. Audi, Mercedes, and BMW are some of the well-established premium brands among automotive OEMs. German OEMs sells over 60% of all premium passenger cars across the world. AC automotive, Audi, BMW, Ford, Iveco, MAN, Mercedes, Neoplan, Volkswagen, Porsche are the most innovative OEM suppliers that strengthen their R&D. This will create a significant demand for thermal management systems, propelling automotive HVAC system market growth.
Companies in the automotive HVAC systems market landscape include Hanon Systems, Mahle Group, DuPont Automotive Systems, Denso Corporation, Johnson Electric, and Valeo, among others. The market is highly consolidated with companies focusing extensively on product differentiation.
Browse key industry insights spread across 150 pages with 175 market data tables & 23 figures & charts from the report, “Automotive HVAC System Market Size By Technology (Automatic, Manual), By Vehicle (Passenger vehicles, LCVs, HCVs), By Component (Compressor, Heat Exchanging Equipment, Expansion Device, Receiver/Drier), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, Netherlands, Sweden, Poland, China, India, Japan, Taiwan, South Korea, Thailand, Brazil, Mexico, South Africa), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/automotive-HVAC-market
Table of Contents (ToC) of the report:
Chapter 6. Automotive HVAC Systems Market, By Component
6.1. Key trends in the market, by component
6.2. Compressor
6.2.1. Market estimates and forecast, 2015 - 2025
6.3. Heat exchanging equipment
6.3.1. Market estimates and forecast, 2015 - 2025
6.4. Expansion device
6.4.1. Market estimates and forecast, 2015 – 2025
6.5. Receiver/drier
6.5.1. Market estimates and forecast, 2015 – 2025
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/automotive-HVAC-market
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Source: MarketersMedia
Release ID: 510128
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