Automotive HVAC Market Size Growth Forecast 2020 to 2025
By Market Study Report  Date: 2019-12-10Product ID: 467666

Automotive HVAC Market Size Growth Forecast 2020 to 2025

Automotive HVAC Market report provides key statistics on the market status of the Automotive HVAC Industry and is a valuable source of guidance and direction for companies and individuals interested in the Automotive HVAC Market. Automotive HVAC Market Report covers the companies’ data, including Growth potential analysis, Executive Summary, Data sources, Industry segmentation, Porter's analysis, Business trends, Growth drivers, Price trend analysis, Industry pitfall and challenges, Industry impact forces, Competitive landscape

Automotive HVAC 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 market.

Europe is projected to be one of the prominent regions for the growth of the automotive HVAC 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 market growth.

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Continuous R&D investments by companies involved in the automotive HVAC 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 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 automotive HVAC market growth.

Governments' efforts and initiatives to control global warming is a major factor fueling the automotive HVAC 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.

Major Highlights from Table of contents are listed below for quick lookup into Automotive HVAC Market report

Chapter 1. Competitive Landscape

  • Company market share
  • Automotive HVAC Market Competitive analysis of key market players
  • Competitive analysis of other prominent vendors

Chapter 2. Company Profiles

  • Business Overview
  • Financial Data
  • Product portfolio
  • Strategic Outlook
  • SWOT Analysis

Chapter 3. Methodology & Scope

  • Methodology
  • Initial data exploration
  • Automotive HVAC Market Statistical model and forecast
  • Industry insights and validation
  • Automotive HVAC Market Scope
  • Definition
  • Methodology and forecast parameters
  • Data Sources

Chapter 4. Executive Summary

  • Automotive HVAC industry 360º synopsis - 2025
  • Automotive HVAC Business trends
  • Region trends

Chapter 5. Automotive HVAC industry Insights

  • Automotive HVAC Industry segmentation
  • Industry landscape 2025
  • Industry Pitfalls and Challenges
  • Threat of new entrants
  • Threat of substitutes
  • Automotive HVAC Market Growth potential analysis

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