Automotive HVAC Market Global Scenario, Market Size, Outlook, Trend, and Forecast, 2020 – 2030

The Global Automotive HVAC Market was valued at US$ 48.22 billion in 2021 and is predictable to reach US$ 83.87 billion by 2030 which is projected to attain a CAGR of 6.3 % during the forecast period from 2021- 2030.

The Automotive HVAC market is predicted to grow due to an increase in demand for thermal comfort and increased safety as a result of the adoption of HVAC systems. The market's growth may be aided by a reduction in system size and weight in the next years. With the incorporation of electronics, sensors, and automatic climate control features at a lower cost, HVAC units in passenger vehicles are becoming more popular.

Technological innovations and significant investments in R&D initiatives by the key players to enhance product offerings and technological capabilities. Furthermore, the adoption of eco-friendly refrigerants and the production of cheaper HVAC systems provide lucrative growth opportunities for the players operating in the automotive HVAC market.

The noise generated by these systems inside the car cabin, which causes passenger discomfort, is one of the problems that threaten the automotive HVAC market. The interactions between HVAC components and airflow cause these systems to make clattering noises. HVAC providers are using passive absorbers on HVAC bodies and ducts in modern designs to reduce system noises during operation, giving comfort inside the automobile cabin.

The Global Automotive HVAC Market is segmented into component, technology, vehicle type, and region.

Based on regional insights, the global automotive HVAC market is categorized into North America (US, Canada, Mexico, Rest of America), Asia Pacific (India, China, Rest of Asia Pacific), Europe (UK, Germany, Russia, Rest of Europe) and Rest of the world (Latin America and Middle East & Africa).

Segmentation and Scope of the Global Automotive HVAC Market

Global Automotive HVAC Market is segmented by component, technology, vehicle type, and region.

By Component

  • Evaporator
  • Condenser
  • Expansion Valve
  • Compressor
  • Receiver-Drier
  • Others

By Technology

  • Manual
  • Automatic

By Vehicle Type

  • Commercial Vehicle
  • Passenger Car
  • Electric Vehicle

By Region

North America

  • US
  • Canada
  • Mexico

Europe

  • UK
  • Germany
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Asia Pacific

  • India
  • China
  • Japan
  • Australia
  • South Korea
  • Rest of Asia Pacific

Rest of World

Middle East & Africa

  • Saudi Arabia
  • South Africa
  • Rest of Middle East & Africa

Latin America

  • Argentina
  • Brazil
  • Rest of Latin America

Prominent players in the Global Automotive HVAC Market among other includes

  • Denso Corporation
  • Calsonic Kansei Corporation
  • Keihin Corporation
  • Sanden Holdings Corporation
  • Valeo Service
  • Air International Thermal Systems
  • Hanon Systems
  • Johnson Electric Holdings Limited
  • Mahle GmBH
  • Sensata Technologies
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