Automotive HVAC System Market: By Technology, By vehicle type, By Component, and Geography
Automotive HVAC System Market: By Technology, By vehicle type, By Component, and Geography
Automotive HVAC System Market size was valued at US$ 60,810.0 million in 2023 and is projected to grow at a CAGR of 6.1% from 2024-2030. This market is projected to grow at a CAGR of 6.5%. An automobile's heating, ventilation, and air conditioning (HVAC) system controls the internal temperature of the vehicle cabin. It consists of three subsystems: heating, cooling, and air conditioning, which work together to supply purified air to the car interior, assuring thermal comfort for drivers and passengers. It regulates the air temperature, checks the moisture content of the air, and removes excess humidity from the circulating air. Well-known brands, such as Audi, Mercedes, and BMW, concentrate on tailored and user-friendly HVAC systems. The industry is seeing moderate expansion because of increased automobile production, increased use of electric vehicles (EVs), and the implementation of stringent vehicle pollution rules.
Furthermore, developments in heating, ventilation, and air conditioning (HVAC) technology, such as increased energy efficiency and eco-friendly systems, are favourably impacting the industry. Some of the significant trends include the development of sophisticated HVAC systems that are linked to the internet of things (IoT) for better user administration, the acceptance of HVAC systems compatible with electric and hybrid vehicles, and the use of environmentally friendly refrigerants. Furthermore, there is a focus on adopting lightweight materials to improve overall vehicle efficiency.
Study Period
2024-2030Base Year
2023CAGR
6.5%Largest Market
Asia PacificFastest Growing Market
Asia Pacific
Standard HVAC systems can rapidly deplete the battery in electric and hybrid vehicles, necessitating the use of specialized systems that regulate cabin temperature and maximize battery efficiency. The transition to electric mobility is driving investments in HVAC systems that work with electric engines. Heat pumps and energy recovery systems are examples of technologies that provide efficient climate regulation while using minimal energy. These developments are critical to conserving vehicle range and guaranteeing passenger comfort. The rise of electrification in the automotive sector is generating demand for cutting-edge HVAC systems tailored to electric and hybrid vehicles.
Furthermore, technological advancements and improvements in HVAC systems that improve functionality are driving market expansion. The advancement of intelligent HVAC systems with sensors and IoT technologies allows for more accurate and automated climate regulation, which improves energy economy and passenger comfort. Variable displacement compressors, environmentally friendly refrigerants, and heat pump systems are among the new technologies gaining popularity due to their increased efficiency and lower environmental impact. The introduction of these cutting-edge technology not only improves HVAC system performance, but also ensures compliance with tight emission and energy usage requirements. Automotive manufacturers' continued efforts in research and development (R&D) to develop better HVAC solutions are driving market expansion.
Based on regions, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. Asia Pacific is expected to be a fast-growing industry as countries increase vehicle production and sales. The region's fast urbanization, expanding middle class, and rising disposable incomes are all driving up demand for passenger automobiles with modern HVAC systems. Furthermore, the presence of major automobile manufacturers and suppliers, as well as increased investments in automotive R&D, are driving the development of innovative HVAC technology. Favorable government regulations, such as subsidies for electric and hybrid vehicles, are boosting the automotive HVAC system market. The region's supremacy is further enhanced by the growing recognition of air quality and comfort, which leads people to prefer cars with high-quality HVAC systems.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 60,810.0 million |
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Market CAGR |
6.5% |
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By Technology |
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By Veihcle Type |
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By Components |
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The Automotive HVAC System Market was valued at US$ 60,810.0 million in 2023 and is projected to grow at a CAGR of 6.5 %.
The industry is experiencing moderate expansion because of increased automobile production, increased use of electric vehicles (EVs), and the implementation of stringent vehicle pollution rules.
Increase in Demand for Thermal System and Automatic Climate Control Features in Automobile is likely to drive market expansion over the forecast period.
Market research is segmented based on technology, vehicle type, component and region.
Asia-Pacific is excepted to fastest growing with the highest CAGR over the forecast period.
| 1.Executive Summary |
| 2.Global Automotive HVAC System Market Introduction |
| 2.1.Global Automotive HVAC System Market - Taxonomy |
| 2.2.Global Automotive HVAC System Market - Definitions |
| 2.2.1.Technology |
| 2.2.2.Veihcle Type |
| 2.2.3.Components |
| 2.2.4.Region |
| 3.Global Automotive HVAC System Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Automotive HVAC System Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Automotive HVAC System Market By Technology, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Automatic |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Manual |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6.Global Automotive HVAC System Market By Veihcle Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Passenger Car |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Commercial Vehicle |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Electric Vehicle |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Others |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 7.Global Automotive HVAC System Market By Components, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Compressor |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Condenser |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Receiver-Drier |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Expansion Valve |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Others |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.Global Automotive HVAC System Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Automotive HVAC System Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Automatic |
| 9.1.2.Manual |
| 9.2. Veihcle Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Passenger Car |
| 9.2.2.Commercial Vehicle |
| 9.2.3.Electric Vehicle |
| 9.2.4.Others |
| 9.3. Components Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Compressor |
| 9.3.2.Condenser |
| 9.3.3.Receiver-Drier |
| 9.3.4.Expansion Valve |
| 9.3.5.Others |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Automotive HVAC System Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Automatic |
| 10.1.2.Manual |
| 10.2. Veihcle Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Passenger Car |
| 10.2.2.Commercial Vehicle |
| 10.2.3.Electric Vehicle |
| 10.2.4.Others |
| 10.3. Components Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Compressor |
| 10.3.2.Condenser |
| 10.3.3.Receiver-Drier |
| 10.3.4.Expansion Valve |
| 10.3.5.Others |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 11.Asia Pacific (APAC) Automotive HVAC System Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Automatic |
| 11.1.2.Manual |
| 11.2. Veihcle Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Passenger Car |
| 11.2.2.Commercial Vehicle |
| 11.2.3.Electric Vehicle |
| 11.2.4.Others |
| 11.3. Components Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Compressor |
| 11.3.2.Condenser |
| 11.3.3.Receiver-Drier |
| 11.3.4.Expansion Valve |
| 11.3.5.Others |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Automotive HVAC System Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Automatic |
| 12.1.2.Manual |
| 12.2. Veihcle Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Passenger Car |
| 12.2.2.Commercial Vehicle |
| 12.2.3.Electric Vehicle |
| 12.2.4.Others |
| 12.3. Components Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Compressor |
| 12.3.2.Condenser |
| 12.3.3.Receiver-Drier |
| 12.3.4.Expansion Valve |
| 12.3.5.Others |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Automotive HVAC System Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Automatic |
| 13.1.2.Manual |
| 13.2. Veihcle Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Passenger Car |
| 13.2.2.Commercial Vehicle |
| 13.2.3.Electric Vehicle |
| 13.2.4.Others |
| 13.3. Components Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Compressor |
| 13.3.2.Condenser |
| 13.3.3.Receiver-Drier |
| 13.3.4.Expansion Valve |
| 13.3.5.Others |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Marelli Corporation |
| 14.2.2.Sanden Corporation |
| 14.2.3.Mitsubishi Heavy Industries Ltd |
| 14.2.4.Denso Corporation |
| 14.2.5.Valeo Group |
| 14.2.6.Keihin Corporation |
| 14.2.7.Hanon Systems Corporation |
| 14.2.8.Hella GmbH & KGaA |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
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