Automotive Hvac Systems Market
Automotive HVAC Systems Market Forecasts to 2030 - Global Analysis By Component (Condenser, Expansion Valve and Compressor), Vehicle Type (Commercial Vehicles, Passenger Cars and Electric Vehicle), Technology and By Geography
According to Stratistics MRC, the Global Automotive HVAC Systems Market is accounted for $64.3 billion in 2024 and is expected to reach $103.2 billion by 2030 growing at a CAGR of 8.2% during the forecast period. Automotive HVAC (Heating, Ventilation, and Air Conditioning) systems are crucial for maintaining passenger comfort in vehicles by regulating temperature, air quality, and airflow. These systems integrate several components to ensure a pleasant driving experience: the heater core warms the cabin using engine coolant, while the air conditioning unit cools and dehumidifies the air through a refrigerant cycle involving a compressor, condenser, and evaporator. Ventilation functions manage air distribution and ensure adequate airflow to all areas of the vehicle.
According to the International Energy Agency (IEA), worldwide electric vehicle sales more than quadruple to 6.6 million by 2021, accounting for nearly 9% of the global automotive market.
Market Dynamics:
Driver:
Rise of electric and hybrid vehicles
The rise of electric and hybrid vehicles is significantly transforming automotive HVAC systems to meet new demands for energy efficiency and performance. Unlike traditional internal combustion engine vehicles that rely on engine heat for cabin temperature control, electric and hybrid vehicles need HVAC systems that are optimized for energy conservation. These vehicles often utilize heat pumps, which are more efficient than conventional resistive heaters, to regulate cabin temperature while minimizing energy consumption. Advanced climate control systems are being integrated to manage thermal comfort without compromising battery range.
Restraint:
High cost of advanced technologies
The high cost of advanced technologies is significantly impacting the automotive HVAC (Heating, Ventilation, and Air Conditioning) systems. As manufacturers strive to integrate cutting-edge features like advanced climate control, energy-efficient systems, and smart connectivity, the expenses associated with research, development, and implementation escalate. Advanced HVAC systems often incorporate complex components such as variable refrigerant flow (VRF) systems, high-efficiency compressors, and sophisticated sensors, all of which come with a steep price tag. These technologies aim to enhance vehicle comfort and energy efficiency but increase the overall production cost.
Opportunity:
Growing awareness of climate change
As climate change accelerates, the automotive industry is increasingly focused on enhancing HVAC (Heating, Ventilation, and Air Conditioning) systems to address rising temperatures and extreme weather conditions. Modern automotive HVAC systems are evolving to improve energy efficiency and reduce environmental impact. Advances include the integration of more efficient refrigerants, which have lower global warming potential, and innovations in thermal management that optimize energy use. Manufacturers are also incorporating smart technologies that adapt climate control based on real-time data, enhancing passenger comfort while minimizing energy consumption.
Threat:
Geographical and climatic variations
Geographical and climatic variations pose significant challenges to automotive HVAC systems due to the diverse environmental conditions encountered across different regions. In tropical climates, where temperatures can soar, HVAC systems must be robust enough to provide effective cooling and manage high humidity levels. Conversely, in colder regions, these systems need to excel at heating and defrosting while maintaining efficiency in freezing temperatures. However, the varying levels of air pollution and particulate matter in urban versus rural areas further complicate air filtration requirements.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted automotive HVAC (heating, ventilation, and air conditioning) systems, primarily by altering consumer preferences and manufacturing processes. Supply chain disruptions and factory shutdowns during the pandemic caused delays in production and shortages of essential components, impacting the timely delivery of new vehicles with upgraded HVAC systems. The pandemic also shifted consumer focus towards health and safety features, prompting manufacturers to innovate rapidly to meet new market demands. As a result, the automotive industry saw a significant evolution in HVAC technology aimed at improving passenger well-being and vehicle air quality in response to the pandemic.
The Condenser segment is expected to be the largest during the forecast period
Condenser segment is expected to be the largest during the forecast period. As a key component of the vehicle's air conditioning system, the condenser facilitates the heat exchange process by dissipating the heat absorbed by the refrigerant from the cabin. Modern advancements in condenser design, such as the use of high-efficiency micro-channel heat exchangers and improved materials, have led to better thermal management and reduced energy consumption. These innovations result in quicker cabin cooling, more stable climate control, and increased fuel efficiency.
The Passenger Cars segment is expected to have the highest CAGR during the forecast period
Passenger Cars segment is expected to have the highest CAGR during the forecast period as manufacturers strive to enhance comfort, efficiency, and sustainability. Modern HVAC systems are incorporating advanced technologies such as variable refrigerant flow, improved climate control algorithms, and more efficient heat exchangers. These innovations not only provide precise temperature regulation and quicker cabin heating and cooling but also focus on energy efficiency to reduce fuel consumption and emissions. Additionally, integrating smart sensors and IoT connectivity allows for personalized climate settings and real-time adjustments based on passenger preferences and external conditions.
Region with largest share:
As consumers increasingly prioritize comfort and safety features in vehicles, the need for advanced heating, ventilation, and air conditioning systems is growing. North America region commanded the largest market share over the extrapolated period. Innovations in thermal management, such as more efficient climate control and energy-saving technologies, are driving this trend across the region. Additionally, the rise of electric and hybrid vehicles, which require sophisticated thermal regulation to maintain battery performance and overall vehicle efficiency, is further propelling regional expansion.
Region with highest CAGR:
Europe region is poised to hold profitable growth during the projection period. Government regulations in Europe are significantly enhancing the automotive HVAC (Heating, Ventilation, and Air Conditioning) systems by setting stringent standards for energy efficiency and environmental impact. The European Union's regulatory framework mandates that new vehicles meet rigorous CO2 emission targets and fuel efficiency requirements, prompting automotive manufacturers to innovate and improve HVAC systems. These regulations drive the adoption of advanced technologies such as heat pump systems, which use less energy compared to traditional systems, and the integration of environmentally friendly refrigerants with low global warming potential across the region.
Key players in the market
Some of the key players in Automotive HVAC Systems market include Calsonic Kansei Corporation, Continental AG, Delphi Technologies, Denso Corporation, Ford Motor Company, GMB Corporation, Honda Motor Co., Ltd, Sanden Holdings Corporation, Schaeffler Technologies AG and Toyota Industries Corporation.
Key Developments:
In July 2023, Marelli introduced a new Thermal Management Module (iTMM) for EVs, which improved HVAC systems by combining the e-powertrain, battery, and cabin thermal circuits into a single component. This development increased vehicle performance, security, and range by up to 20%.
In May 2023, Hanon Systems announced intentions to invest $40 million in the construction of a new facility in Bulloch County, Georgia. This plant will manufacture HVAC parts for automobiles, assisting Hyundai’s EV production.
In April 2023, Johnson Controls International PLC announced the launch of its new EcoClimate 2.0 HVAC system for electric vehicles. The system is claimed to be more efficient than traditional HVAC systems, and it can help to improve battery range by up to 10%.
In March 2023, Robert Bosch GmbH announced the launch of its new eBooster technology for automotive HVAC systems. The technology is claimed to be able to reduce the load on the engine, which can help to improve fuel economy by up to 5%.
In February 2023, Denso Corporation announced the development of a new heat pump system for automotive HVAC systems. The system is claimed to be more efficient than traditional HVAC systems, and it can help to reduce energy consumption by up to 20%.
In January 2023, Valeo announced the launch of its new 48V electric compressor for automotive HVAC systems. The compressor is claimed to be more efficient and compact than traditional compressors, and it can help to improve fuel economy by up to 3%.
Components Covered:
• Condenser
• Expansion Valve
• Compressor
Vehicle Types Covered:
• Commercial Vehicles
• Passenger Cars
• Electric Vehicle
Technologies Covered:
• Manual
• Automatic
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Automotive HVAC Systems Market, By Component
5.1 Introduction
5.2 Condenser
5.3 Expansion Valve
5.4 Compressor
6 Global Automotive HVAC Systems Market, By Vehicle Type
6.1 Introduction
6.2 Commercial Vehicles
6.3 Passenger Cars
6.4 Electric Vehicle
7 Global Automotive HVAC Systems Market, By Technology
7.1 Introduction
7.2 Manual
7.3 Automatic
8 Global Automotive HVAC Systems Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Calsonic Kansei Corporation
10.2 Continental AG
10.3 Delphi Technologies
10.4 Denso Corporation
10.5 Ford Motor Company
10.6 GMB Corporation
10.7 Honda Motor Co., Ltd
10.8 Sanden Holdings Corporation
10.9 Schaeffler Technologies AG
10.10 Toyota Industries Corporation
List of Tables
1 Global Automotive HVAC Systems Market Outlook, By Region (2022-2030) ($MN)
2 Global Automotive HVAC Systems Market Outlook, By Component (2022-2030) ($MN)
3 Global Automotive HVAC Systems Market Outlook, By Condenser (2022-2030) ($MN)
4 Global Automotive HVAC Systems Market Outlook, By Expansion Valve (2022-2030) ($MN)
5 Global Automotive HVAC Systems Market Outlook, By Compressor (2022-2030) ($MN)
6 Global Automotive HVAC Systems Market Outlook, By Vehicle Type (2022-2030) ($MN)
7 Global Automotive HVAC Systems Market Outlook, By Commercial Vehicles (2022-2030) ($MN)
8 Global Automotive HVAC Systems Market Outlook, By Passenger Cars (2022-2030) ($MN)
9 Global Automotive HVAC Systems Market Outlook, By Electric Vehicle (2022-2030) ($MN)
10 Global Automotive HVAC Systems Market Outlook, By Technology (2022-2030) ($MN)
11 Global Automotive HVAC Systems Market Outlook, By Manual (2022-2030) ($MN)
12 Global Automotive HVAC Systems Market Outlook, By Automatic (2022-2030) ($MN)
13 North America Automotive HVAC Systems Market Outlook, By Country (2022-2030) ($MN)
14 North America Automotive HVAC Systems Market Outlook, By Component (2022-2030) ($MN)
15 North America Automotive HVAC Systems Market Outlook, By Condenser (2022-2030) ($MN)
16 North America Automotive HVAC Systems Market Outlook, By Expansion Valve (2022-2030) ($MN)
17 North America Automotive HVAC Systems Market Outlook, By Compressor (2022-2030) ($MN)
18 North America Automotive HVAC Systems Market Outlook, By Vehicle Type (2022-2030) ($MN)
19 North America Automotive HVAC Systems Market Outlook, By Commercial Vehicles (2022-2030) ($MN)
20 North America Automotive HVAC Systems Market Outlook, By Passenger Cars (2022-2030) ($MN)
21 North America Automotive HVAC Systems Market Outlook, By Electric Vehicle (2022-2030) ($MN)
22 North America Automotive HVAC Systems Market Outlook, By Technology (2022-2030) ($MN)
23 North America Automotive HVAC Systems Market Outlook, By Manual (2022-2030) ($MN)
24 North America Automotive HVAC Systems Market Outlook, By Automatic (2022-2030) ($MN)
25 Europe Automotive HVAC Systems Market Outlook, By Country (2022-2030) ($MN)
26 Europe Automotive HVAC Systems Market Outlook, By Component (2022-2030) ($MN)
27 Europe Automotive HVAC Systems Market Outlook, By Condenser (2022-2030) ($MN)
28 Europe Automotive HVAC Systems Market Outlook, By Expansion Valve (2022-2030) ($MN)
29 Europe Automotive HVAC Systems Market Outlook, By Compressor (2022-2030) ($MN)
30 Europe Automotive HVAC Systems Market Outlook, By Vehicle Type (2022-2030) ($MN)
31 Europe Automotive HVAC Systems Market Outlook, By Commercial Vehicles (2022-2030) ($MN)
32 Europe Automotive HVAC Systems Market Outlook, By Passenger Cars (2022-2030) ($MN)
33 Europe Automotive HVAC Systems Market Outlook, By Electric Vehicle (2022-2030) ($MN)
34 Europe Automotive HVAC Systems Market Outlook, By Technology (2022-2030) ($MN)
35 Europe Automotive HVAC Systems Market Outlook, By Manual (2022-2030) ($MN)
36 Europe Automotive HVAC Systems Market Outlook, By Automatic (2022-2030) ($MN)
37 Asia Pacific Automotive HVAC Systems Market Outlook, By Country (2022-2030) ($MN)
38 Asia Pacific Automotive HVAC Systems Market Outlook, By Component (2022-2030) ($MN)
39 Asia Pacific Automotive HVAC Systems Market Outlook, By Condenser (2022-2030) ($MN)
40 Asia Pacific Automotive HVAC Systems Market Outlook, By Expansion Valve (2022-2030) ($MN)
41 Asia Pacific Automotive HVAC Systems Market Outlook, By Compressor (2022-2030) ($MN)
42 Asia Pacific Automotive HVAC Systems Market Outlook, By Vehicle Type (2022-2030) ($MN)
43 Asia Pacific Automotive HVAC Systems Market Outlook, By Commercial Vehicles (2022-2030) ($MN)
44 Asia Pacific Automotive HVAC Systems Market Outlook, By Passenger Cars (2022-2030) ($MN)
45 Asia Pacific Automotive HVAC Systems Market Outlook, By Electric Vehicle (2022-2030) ($MN)
46 Asia Pacific Automotive HVAC Systems Market Outlook, By Technology (2022-2030) ($MN)
47 Asia Pacific Automotive HVAC Systems Market Outlook, By Manual (2022-2030) ($MN)
48 Asia Pacific Automotive HVAC Systems Market Outlook, By Automatic (2022-2030) ($MN)
49 South America Automotive HVAC Systems Market Outlook, By Country (2022-2030) ($MN)
50 South America Automotive HVAC Systems Market Outlook, By Component (2022-2030) ($MN)
51 South America Automotive HVAC Systems Market Outlook, By Condenser (2022-2030) ($MN)
52 South America Automotive HVAC Systems Market Outlook, By Expansion Valve (2022-2030) ($MN)
53 South America Automotive HVAC Systems Market Outlook, By Compressor (2022-2030) ($MN)
54 South America Automotive HVAC Systems Market Outlook, By Vehicle Type (2022-2030) ($MN)
55 South America Automotive HVAC Systems Market Outlook, By Commercial Vehicles (2022-2030) ($MN)
56 South America Automotive HVAC Systems Market Outlook, By Passenger Cars (2022-2030) ($MN)
57 South America Automotive HVAC Systems Market Outlook, By Electric Vehicle (2022-2030) ($MN)
58 South America Automotive HVAC Systems Market Outlook, By Technology (2022-2030) ($MN)
59 South America Automotive HVAC Systems Market Outlook, By Manual (2022-2030) ($MN)
60 South America Automotive HVAC Systems Market Outlook, By Automatic (2022-2030) ($MN)
61 Middle East & Africa Automotive HVAC Systems Market Outlook, By Country (2022-2030) ($MN)
62 Middle East & Africa Automotive HVAC Systems Market Outlook, By Component (2022-2030) ($MN)
63 Middle East & Africa Automotive HVAC Systems Market Outlook, By Condenser (2022-2030) ($MN)
64 Middle East & Africa Automotive HVAC Systems Market Outlook, By Expansion Valve (2022-2030) ($MN)
65 Middle East & Africa Automotive HVAC Systems Market Outlook, By Compressor (2022-2030) ($MN)
66 Middle East & Africa Automotive HVAC Systems Market Outlook, By Vehicle Type (2022-2030) ($MN)
67 Middle East & Africa Automotive HVAC Systems Market Outlook, By Commercial Vehicles (2022-2030) ($MN)
68 Middle East & Africa Automotive HVAC Systems Market Outlook, By Passenger Cars (2022-2030) ($MN)
69 Middle East & Africa Automotive HVAC Systems Market Outlook, By Electric Vehicle (2022-2030) ($MN)
70 Middle East & Africa Automotive HVAC Systems Market Outlook, By Technology (2022-2030) ($MN)
71 Middle East & Africa Automotive HVAC Systems Market Outlook, By Manual (2022-2030) ($MN)
72 Middle East & Africa Automotive HVAC Systems Market Outlook, By Automatic (2022-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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