Automotive HVAC Market Analysis 2019 To 2023 Research ReportPosted by Abhijeet Bendre on March 7th, 2019 Automotive HVAC Market Poised To Grow Remarkably At 9% CAGR during the Forecast Period (2019-2023). Global Automotive HVAC Market Research Information by Technology (Manual and Automatic), by Component (Evaporator, Compressor, Condenser, Receiver/Drier and Expansion Device), by Vehicle Type (Passenger Cars, LCV, and HCV) and regions - Forecast till 2023. Global Automotive HVAC Market Key Players Analyzed In Report: The key players in global automotive HVAC market are Sensata Technologies (U.S.), The Keihin Corporation (Japan), Calsonic Kansei Corporation (Japan), Sanden Corporation (Japan), Valeo (France) and Denso Corporation (Japan). Hanon Systems (South Korea), MAHLE GmbH (Germany), Johnson Electric Holdings Limited (Hong Kong) and Japan Climate Systems Corporation (Japan) are among the other players in this market. Market Overview: There are several factors responsible for the growth of the global automotive HVAC market. Firstly, there is an increasing demand for thermal systems and automatic climate control features in the automobiles. Secondly, people travel in their personal automobiles for long distances in the urban sector, and hence the need for HVAC is higher. Thirdly, due to the global warming and climate change, global temperatures are rising, which leads to greater demand for ambient temperatures inside the automobile. Additionally, the awareness regarding the use of environment friendly refrigerants and automotive coolants in HVAC system leads to the demand for advanced and technically evolved HVAC systems, thus increasing their sales. All these reasons justify the consistent expected growth of the global automotive HVAC market, which is expected to expand at a 9% CAGR (2018 to 2023). On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. The Asia Pacific market is expected to drive the growth of this market. India and China have healthy growing economies, which will drive the automotive market in this region. Japan is leading the Asia Pacific market in the automotive innovation. Large sales of automobiles are expected in this region due to large population, increasing demand for passenger vehicles, growing per capita income of the middle class, and a higher standard of living. In addition to considerable humidity, the temperature over this region is quite high, which demands the use of HVAC systems for a pleasurable driving experience. The Europe region has quite high demand for the HVAC systems due to extreme low-temperature conditions persisting almost throughout the year. The report for Global Automotive HVAC Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative and quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions. Fore more News visit: About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. Contact Us: Amanora Chambers, Magarpatta Road, Hadapsar Pune – 411028 Maharashtra, India+1 646 845 9312 Like it? Share it! More by this author |