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According to the recent report by IMARC Group, titled "Automotive Climate Control Market" Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global automotive climate control market exhibited moderate growth during 2017-2022 and expects the market to grow at a CAGR of around 5.9% during 2023-2028.
Automotive climate control is an incorporated heating, ventilation, and air conditioning (HVAC) system that maintains the internal temperature of an automobile. It consists of a compressor that circulates the refrigerant and compresses the vapors, an evaporator to boil the refrigerant and absorb the heat, and a condenser to liquefy the refrigerant and reduce the temperature of the ambient air. Automotive climate control functions manually or automatically to maintain a comfortable temperature inside the cabin and provide thermal comfort through adequate ventilation. As a result, these systems are often used in passenger cars and various commercial vehicles.
Automotive Climate Control Market Trends:
The expanding automotive industry has primarily augmented the growth of the market. The escalating demand for luxury vehicles with efficient automotive climate control systems and the growing installation of manual products variants in medium- and low-budget vehicles are driving the market for automotive climate control systems. Furthermore, the rapid development of environment-friendly refrigerants to minimize the carbon emission levels has also bolstered the product demand in the hybrid and electric vehicle (H/EV) sector. Additionally, the rising integration of novel automobile sensors that automatically modify the cabin temperature, demystify windshields, and dehumidify the airis expected to further drive the global market for automotive climate control systems in the coming years.
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Global Automotive Climate Control Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Air International Thermal Systems, Calsonic Kansei Corporation, Denso Corporation, Eberspacher Group, Hanon Systems, Japanese Climate Systems Corporation, Keihin Corporation, Mahle GmbH, Sanden Holdings Corporation, Subros Limited and Valeo SA Ltd.
The report has segmented the market on the basis on region, technology, component, vehicle type and distribution channel.
Breakup by Technology:
· Automatic
· Manual
Breakup by Component:
· Condenser
· Compressor
· Relays and Control Valves
· Evaporators and Thermostats
· Drier/Receiver
· Others
Breakup by Vehicle Type:
· Passenger Cars
· Light Commercial Vehicle (LCV)
· Heavy Commercial Vehicle (HCV)
Breakup by Distribution Channel:
· OEMs
· Aftermarket
Breakup by Region:
· North America: (United States, Canada)
· Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
· Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
· Latin America: (Brazil, Mexico, Others)
· Middle East and Africa
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Key highlights of the report:
· Market Performance (2015-2020)
· Market Outlook (2023- 2028)
· Porter's Five Forces Analysis
· Market Drivers and Success Factors
· SWOT Analysis
· Value Chain
· Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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