Automotive HVAC Market
Automotive HVAC Market Analysis By Vehicle Type (Passenger Cars, LCV, HCV), By Technology (Manual and Automatic), By Component (Evaporator, Condenser, Compressor, Receiver, and Expansion Device) & By Region - Global Market Insights 2022 to 2032
Analysis of Automotive HVAC Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Automotive HVAC Market Growth Analysis 2022 to 2032
The automotive HVAC market was valued at US$ 43.38 Billion in 2022, and it is expected to reach a value of US$ 68.2 Billion by 2032, registering a CAGR of 4.6% during the forecast period (2022 to 2032).
The automotive goods and supply chain market were drastically impacted by the pandemic. Travel restrictions and lockdowns resulted in a slowdown in the demand and sales of passenger vehicles, which directly affected the HVAC market.
However, post-pandemic; industry operations, and workforce for infotainment manufacturing companies have regained pace. Earlier, the use of automotive HVAC systems was considered a luxury and a special feature, and not all automobiles were fitted with HVAC. Now it is a prerequisite feature in every automobile owing to the basic automotive safety and comfort standards accepted globally.
Over the long term, a growing demand for thermal comfort and an increase in safety due to the increased adoption of HVAC systems are anticipated to boost the growth of the automotive HVAC market. Compact size and reduced weight of the system may support the growth of the market during the forecast period.
The incorporation of sensors, electronics, and automated climate control features at low cost is translating into greater adoption of HVAC units in passenger vehicles. Rising vehicle electrification is likely to increase an integration of advanced comfort and safety features in vehicle.
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 43.38 Billion |
| Anticipated Forecast Value (2032) | US$ 68.2 Billion |
| Projected Growth Rate (2022 to 2032) | 4.6% CAGR |
| Market Share of the U.S. Market (2021) | US$ 16.52 billion |
| Anticipated CAGR of China (2022 to 2032) | 10.2% |
| Major Automotive HVAC Suppliers | Sensata Technologies; The Keihin Corporation; Calsonic Kansei Corporation; Sanden Corporation; Valeo; Denso Corporation; Hanon Systems; MAHLE GmbH; Johnson Electric Holdings Limited; Japan Climate Systems Corporation |
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What are the Key Drivers of the Automotive HVAC Market?
A Flourishing Automotive Industry widening Growth Prospects for Automotive HVAC Systems
Growing concerns about global warming have significantly impacted the automotive HVAC market. Consequently, many nations worldwide have started taking measures to reduce their carbon emissions.
The increasing research and development activities in the automotive sector across the world are set to fortify the technological capabilities of the competitive players. These market players are introducing advanced technologies in automotive HVAC to develop new products that provide a competitive edge in the market.
The key players in the market are developing eco-friendly products to fall in line with the strict government regulations regarding emissions. Energy efficacy is the other growth driving factor in HVAC systems. Manufacturers are increasingly using green technologies to develop environment-friendly and energy-efficient automotive HVAC systems. For Instance,
In November 2021, Marelli Corporation developed an Indoor Air Quality (IAQ) Purification System, that kills bacteria and viruses in vehicles and indoor environments. The system utilizes UV-A and UV-C light combined with a titanium dioxide (TiO2) filter to terminate airborne bacteria and viruses, including COVID-19, with 99.9% effectiveness within 15 minutes. Market players are involved in mergers, acquisitions, and tie-ups to expand their market presence. Denso has collaborated with Toyota to invent Prius, a hybrid technology promoting safety, fuel efficiency, and green technology in vehicles.
Rise in Safety, Comfort and Leisure due to adoption of HVAC Systems
Increase in demand for safety, comfort and attractive features has led to various technological advancements in vehicles. These systems ensure comfortable ride for the driver as well as the passenger. In addition, the system contributes towards demisting windshields, defrosting windows, and dehumidifying air, which enhances the comfort of the passenger.
The safe and clean operation of the system eliminates risk factors in future. Therefore, increase in safety due to adoption of HVAC systems by providing safety and favorable conditions inside the vehicle cabin is expected to fuel the automotive HVAC market growth.
What are the Challenges Faced by the HVAC market?
High Maintenance Costs Might Limit uptake in Certain Automobiles
The automotive industry is a major contributor to rising levels of CO2 emissions. Growing consumer awareness regarding deteriorating environmental conditions has been encouraging consumers to shift towards environment-friendly solutions. Increasing government regulatory norms to develop energy-efficient and low emission solutions coupled with high maintenance costs are likely to hamper the growth of the market.
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Comparative View of HVAC Markets
HVAC Market :
| Attributes | HVAC Market |
|---|---|
| CAGR (2022 to 2032) | 5.9% |
| Market Value (2032) | US$ 68.2 Billion |
| Growth Factor | Energy efficacy and manufacturing of eco-friendly products are driving the growth of HVAC market. |
| Opportunity | Innovations and technological advancements will present lucrative prospects for HVAC market. |
Air Conditioning Market :
| Attributes | Air Conditioning Market |
|---|---|
| CAGR (2022 to 2032) | 6.5% |
| Market Value (2032) | US$ 21.1 Billion |
| Growth Factor | Increase in demand for vehicles from the developing countries is leading to expansion of this market. |
| Opportunity | Rising concern of air pollution owing to industrialization is creating the space for sales of air conditioners. |
Thermal Systems Market :
| Attributes | Thermal Systems Market |
|---|---|
| CAGR (2022 to 2032) | 4.15% |
| Market Value (2032) | US$ 43.7 Billion |
| Growth Factor | The growing need for reducing carbon emissions produced by internal combustion engines (ICEs) in automobiles, and the stringent emission regulations imposed by governing agencies of several countries, represents one of the key factors impelling the market growth. |
| Opportunity | Increasing sales of hybrid electric vehicles will led to the expansion of this market. |
Which region is anticipated to offer the biggest opportunity for automotive HVAC market?
The Asia-Pacific market is most likely to observe vast development attributable to the close proximity of key automotive makers, vast scale generation of vehicles, and surging vehicle requests in the manufacturing countries, like India, South Korea, and China.
Government efforts to restore the automotive business are required to drive the market during the forecast period. For example, the Government of India is encouraging foreign investments through programmed courses in the automotive area to bring new innovations to market.
China is one of the largest markets and contributes significantly to the demand for these automotive HVAC systems. The growing demand for passenger vehicles from China, India and their other counterparts in the Asia-Pacific region is a result of the growing interest of people for comfort and safety. Owing to these trends APEJ is the fastest growing automotive HVAC market.
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Why does Asia-Pacific continue to dominate the Automotive HVAC market by 2032?
The increase in demand for passenger vehicles from India, China, and their other counterparts in the Asia-Pacific region is due to the growing preferences of people for comfort and safety. These factors are expected to contribute to the market growth in the region.
Country-wise Analysis
Demand for Passenger Vehicles is contributing to growth of Automotive HVAC market in India
The India automotive HVAC market size was valued at US$ 820.8 Million in 2021, and is projected to reach US$ 2 Billion by 2032, registering a CAGR of 9.3% from 2022 to 2032.
Being one of the fastest growing economies in the world, the HVAC market of India is growing at a fast pace. This is because of the need arising from the middle-class population. Owning a vehicle is becoming common and this projects impressive growth in the Automotive HVAC market.
Country-wise Forecast CAGRs for the Automotive HVAC Market
| Country | CAGR |
|---|---|
| China | 10.2% |
| India | 9.3% |
| U.S. | 9% |
| Japan | 8.9% |
Category-wise Insights
Manufacturing of HCVs are augmenting the sales of Automotive HVAC market-
Sales of HVAC system is highest in the passenger cars as they are more extensively used for the daily commute and long travels. Owing to this, the global heavy commercial vehicle HVAC market was valued at US$ 1.14 Billion in 2022, and is projected to reach US$ 2.55 Billion in 2032, registering a CAGR of 8.3%.
APEJ dominates the Automotive HVAC Market
Developing regions like China and India are the key market driving countries for the Automotive HVAC market, owing to growing urbanization, increasing disposable income and rise in standard of living.
Start-Ups for Automotive HVAC Market
The ‘ebm-papst group’, headquartered in Mulfingen, Germany founded ‘ebm-papst neo-GmbH & Co. ‘in April 2020, to develop digital solutions to improve the balance of energy and air quality in buildings. Over the past two years, neo has been developing an IoT enabled, high-performance building fan, capable of delivering filtered air in indoor areas.
Belimo, a start up in HVAC market, headquartered in Switzerland, manufactures field devices for controlling heating, ventilation, and air conditioning systems. Sensors, control valves and damper actuators build up the company’s core business. The public company reported sales of USD 11 million in 2019.
Market Competition
Vendors and contractors in the automotive HVAC market are concentrating on launching new products with advanced features to gain a competitive edge in the market, also the vendors are highly focused on strategies of mergers and collaborations.
- In 2015, Mahle Group acquired Delphi Automotive’s thermal business to expand its market penetration and product offering. Delphi Automotive was recognized as top five industry players and this acquisition has poised to give a competitive edge to Mahle Group over other competitors.
According to Fact.MR’s market research analysis, innovations as well as product development have been prominent developments related to HVAC in recent years.
Key Segments Profiled in the Report
-
By Type :
- Passenger Cars
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicles (HCV)
-
By Technology :
- Manual
- Automatic
-
By Component :
- Evaporator
- Compressor
- Condenser
- Receiver/Drier
- Expansion Device
-
By Region :
- North America
- Latin America
- Europe
- Japan
- Asia Pacific excluding Japan (APEJ)
- Middle East & Africa (MEA)
Table of Content
- 1. Global Market - Executive Summary
- 2. Global Market Overview
- 3. Global Market Analysis and Forecast 2017 to 2032
- 3.1. Global Market Size and Forecast By Vehicle Type, 2017 to 2032
- 3.1.1. Passenger Cars
- 3.1.2. Light Commercial Vehicle (LCV)
- 3.1.3. Heavy Commercial Vehicles (HCV)
- 3.2. Global Market Size and Forecast By Technology, 2017 to 2032
- 3.2.1. Manual
- 3.2.2. Automatic
- 3.3. Global Market Size and Forecast By Component, 2017 to 2032
- 3.3.1. Evaporator
- 3.3.2. Compressor
- 3.3.3. Condenser
- 3.3.4. Receiver/Drier
- 3.3.5. Expansion Device
- 3.1. Global Market Size and Forecast By Vehicle Type, 2017 to 2032
- 4. North America Market Size and Forecast, 2017 to 2032
- 5. Latin America Market Size and Forecast, 2017 to 2032
- 6. Europe Market Size and Forecast, 2017 to 2032
- 7. Japan Market Size and Forecast, 2017 to 2032
- 8. APEJ Market Size and Forecast, 2017 to 2032
- 9. MEA Market Size and Forecast, 2017 to 2032
- 10. Global Market Competitive Landscape
- 11. Company Profiles
- 11.1. Sensata Technologies
- 11.2. The Keihin Corporation
- 11.3. Calsonic Kansei Corporation
- 11.4. Sanden Corporation
- 11.5. Valeo
- 11.6. Denso Corporation
- 11.7. Hanon Systems
- 11.8. MAHLE GmbH
- 11.9. Johnson Electric Holdings Limited
- 11.10. Japan Climate Systems Corporation
- 12. Fact.MR Research Methodology
- 13. Disclaimer
List Of Table
TABLE 01: Global Market Value (US$ Mn) & Volume (‘000 Units), 2017 to 2021
TABLE 02: Global Market Value (US$ Mn) & Volume (‘000 Units), 2022 to 2032
TABLE 03: Global Market Value (US$ Mn) & Volume (‘000 Units) and Y-o-Y, 2022 to 2032
TABLE 04: Global Passenger Cars Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2017 to 2021
TABLE 05: Global Passenger Cars Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2022 to 2032
TABLE 06: Global Passenger Cars Segment Market Share, By Region 2017 to 2021
TABLE 07: Global Passenger Cars Segment Market Share, By Region 2022 to 2032
TABLE 08: Global Passenger Cars Segment Y-o-Y, By Region 2022 to 2032
TABLE 09: Global Light Commercial Vehicle (LCV) Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2017 to 2021
TABLE 10: Global Light Commercial Vehicle (LCV) Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2022 to 2032
TABLE 11: Global Light Commercial Vehicle (LCV) Segment Market Share, By Region 2017 to 2021
TABLE 12: Global Light Commercial Vehicle (LCV) Segment Market Share, By Region 2022 to 2032
TABLE 13: Global Light Commercial Vehicle (LCV) Segment Y-o-Y, By Region 2022 to 2032
TABLE 14: Global Heavy Commercial Vehicles (HCV) Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2017 to 2021
TABLE 15: Global Heavy Commercial Vehicles (HCV) Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2022 to 2032
TABLE 16: Global Heavy Commercial Vehicles (HCV) Segment Market Share, By Region 2017 to 2021
TABLE 17: Global Heavy Commercial Vehicles (HCV) Segment Market Share, By Region 2022 to 2032
TABLE 18: Global Heavy Commercial Vehicles (HCV) Segment Y-o-Y, By Region 2022 to 2032
TABLE 19: Global Manual Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2017 to 2021
TABLE 20: Global Manual Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2022 to 2032
TABLE 21: Global Manual Segment Market Share, By Region 2017 to 2021
TABLE 22: Global Manual Segment Market Share, By Region 2022 to 2032
TABLE 23: Global Manual Segment Y-o-Y, By Region 2022 to 2032
TABLE 24: Global Automatic Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2017 to 2021
TABLE 25: Global Automatic Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2022 to 2032
TABLE 26: Global Automatic Segment Market Share, By Region 2017 to 2021
TABLE 27: Global Automatic Segment Market Share, By Region 2022 to 2032
TABLE 28: Global Automatic Segment Y-o-Y, By Region 2022 to 2032
TABLE 29: Global Evaporator Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2017 to 2021
TABLE 30: Global Evaporator Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2022 to 2032
TABLE 31: Global Evaporator Segment Market Share, By Region 2017 to 2021
TABLE 32: Global Evaporator Segment Market Share, By Region 2022 to 2032
TABLE 33: Global Evaporator Segment Y-o-Y, By Region 2022 to 2032
TABLE 34: Global Compressor Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2017 to 2021
TABLE 35: Global Compressor Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2022 to 2032
TABLE 36: Global Compressor Segment Market Share, By Region 2017 to 2021
TABLE 37: Global Compressor Segment Market Share, By Region 2022 to 2032
TABLE 38: Global Compressor Segment Y-o-Y, By Region 2022 to 2032
TABLE 39: Global Condenser Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2017 to 2021
TABLE 40: Global Condenser Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2022 to 2032
TABLE 41: Global Condenser Segment Market Share, By Region 2017 to 2021
TABLE 42: Global Condenser Segment Market Share, By Region 2022 to 2032
TABLE 43: Global Condenser Segment Y-o-Y, By Region 2022 to 2032
TABLE 44: Global Receiver/Drier Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2017 to 2021
TABLE 45: Global Receiver/Drier Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2022 to 2032
TABLE 46: Global Receiver/Drier Segment Market Share, By Region 2017 to 2021
TABLE 47: Global Receiver/Drier Segment Market Share, By Region 2022 to 2032
TABLE 48: Global Receiver/Drier Segment Y-o-Y, By Region 2022 to 2032
TABLE 49: Global Expansion Device Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2017 to 2021
TABLE 50: Global Expansion Device Segment Value (US$ Mn) & Volume (‘000 Units), By Region 2022 to 2032
TABLE 51: Global Expansion Device Segment Market Share, By Region 2017 to 2021
TABLE 52: Global Expansion Device Segment Market Share, By Region 2022 to 2032
TABLE 53: Global Expansion Device Segment Y-o-Y, By Region 2022 to 2032
TABLE 54: North America Market Value (US$ Mn) & Volume (‘000 Units), By Country 2017 to 2021
TABLE 55: North America Market Value (US$ Mn) & Volume (‘000 Units), By Country 2022 to 2032
TABLE 56: North America Market Value (US$ Mn) & Volume (‘000 Units), By Vehicle Type 2017 to 2021
TABLE 57: North America Market Value (US$ Mn) & Volume (‘000 Units), By Vehicle Type 2022 to 2032
TABLE 58: North America Market Value (US$ Mn) & Volume (‘000 Units), By Technology 2017 to 2021
TABLE 59: North America Market Value (US$ Mn) & Volume (‘000 Units), By Technology 2022 to 2032
TABLE 60: North America Market Value (US$ Mn) & Volume (‘000 Units), By Component 2017 to 2021
TABLE 61: North America Market Value (US$ Mn) & Volume (‘000 Units), By Component 2022 to 2032
TABLE 62: Latin America Market Value (US$ Mn) & Volume (‘000 Units), By Country 2017 to 2021
TABLE 63: Latin America Market Value (US$ Mn) & Volume (‘000 Units), By Country 2022 to 2032
TABLE 64: Latin America Market Value (US$ Mn) & Volume (‘000 Units), By Vehicle Type 2017 to 2021
TABLE 65: Latin America Market Value (US$ Mn) & Volume (‘000 Units), By Vehicle Type 2022 to 2032
TABLE 66: Latin America Market Value (US$ Mn) & Volume (‘000 Units), By Technology 2017 to 2021
TABLE 67: Latin America Market Value (US$ Mn) & Volume (‘000 Units), By Technology 2022 to 2032
TABLE 68: Latin America Market Value (US$ Mn) & Volume (‘000 Units), By Component 2017 to 2021
TABLE 69: Latin America Market Value (US$ Mn) & Volume (‘000 Units), By Component 2022 to 2032
TABLE 70: Europe Market Value (US$ Mn) & Volume (‘000 Units), By Country 2017 to 2021
TABLE 71: Europe Market Value (US$ Mn) & Volume (‘000 Units), By Country 2022 to 2032
TABLE 72: Europe Market Value (US$ Mn) & Volume (‘000 Units), By Vehicle Type 2017 to 2021
TABLE 73: Europe Market Value (US$ Mn) & Volume (‘000 Units), By Vehicle Type 2022 to 2032
TABLE 74: Europe Market Value (US$ Mn) & Volume (‘000 Units), By Technology 2017 to 2021
TABLE 75: Europe Market Value (US$ Mn) & Volume (‘000 Units), By Technology 2022 to 2032
TABLE 76: Europe Market Value (US$ Mn) & Volume (‘000 Units), By Component 2017 to 2021
TABLE 77: Europe Market Value (US$ Mn) & Volume (‘000 Units), By Component 2022 to 2032
TABLE 78: Japan Market Value (US$ Mn) & Volume (‘000 Units), By Country 2017 to 2021
TABLE 79: Japan Market Value (US$ Mn) & Volume (‘000 Units), By Country 2022 to 2032
TABLE 80: Japan Market Value (US$ Mn) & Volume (‘000 Units), By Vehicle Type 2017 to 2021
TABLE 81: Japan Market Value (US$ Mn) & Volume (‘000 Units), By Vehicle Type 2022 to 2032
TABLE 82: Japan Market Value (US$ Mn) & Volume (‘000 Units), By Technology 2017 to 2021
TABLE 83: Japan Market Value (US$ Mn) & Volume (‘000 Units), By Technology 2022 to 2032
TABLE 84: Japan Market Value (US$ Mn) & Volume (‘000 Units), By Component 2017 to 2021
TABLE 85: Japan Market Value (US$ Mn) & Volume (‘000 Units), By Component 2022 to 2032
TABLE 86: APEJ Market Value (US$ Mn) & Volume (‘000 Units), By Country 2017 to 2021
TABLE 87: APEJ Market Value (US$ Mn) & Volume (‘000 Units), By Country 2022 to 2032
TABLE 88: APEJ Market Value (US$ Mn) & Volume (‘000 Units), By Vehicle Type 2017 to 2021
TABLE 89: APEJ Market Value (US$ Mn) & Volume (‘000 Units), By Vehicle Type 2022 to 2032
TABLE 90: APEJ Market Value (US$ Mn) & Volume (‘000 Units), By Technology 2017 to 2021
TABLE 91: APEJ Market Value (US$ Mn) & Volume (‘000 Units), By Technology 2022 to 2032
TABLE 92: APEJ Market Value (US$ Mn) & Volume (‘000 Units), By Component 2017 to 2021
TABLE 93: APEJ Market Value (US$ Mn) & Volume (‘000 Units), By Component 2022 to 2032
TABLE 94: MEA Market Value (US$ Mn) & Volume (‘000 Units), By Country 2017 to 2021
TABLE 95: MEA Market Value (US$ Mn) & Volume (‘000 Units), By Country 2022 to 2032
TABLE 96: MEA Market Value (US$ Mn) & Volume (‘000 Units), By Vehicle Type 2017 to 2021
TABLE 97: MEA Market Value (US$ Mn) & Volume (‘000 Units), By Vehicle Type 2022 to 2032
TABLE 98: MEA Market Value (US$ Mn) & Volume (‘000 Units), By Technology 2017 to 2021
TABLE 99: MEA Market Value (US$ Mn) & Volume (‘000 Units), By Technology 2022 to 2032
TABLE 100: MEA Market Value (US$ Mn) & Volume (‘000 Units), By Component 2017 to 2021
TABLE 101: MEA Market Value (US$ Mn) & Volume (‘000 Units), By Component 2022 to 2032
List Of Figures
FIG. 01: Global Market Value (US$ Mn), 2017 to 2021
FIG. 02: Global Market Value (US$ Mn) Forecast, 2022 to 2032
FIG. 03: Global Market Value (US$ Mn) and Y-o-Y, 2022 to 2032
FIG. 04: Global Passenger Cars Segment Market Value (US$ Mn) By Region, 2017 to 2021
FIG. 05: Global Passenger Cars Segment Market Value (US$ Mn) By Region, 2022 to 2032
FIG. 06: Global Passenger Cars Segment Y-o-Y Growth Rate, By Region, 2022 to 2032
FIG. 07: Global Light Commercial Vehicle (LCV) Segment Market Value (US$ Mn) By Region, 2017 to 2021
FIG. 08: Global Light Commercial Vehicle (LCV) Segment Market Value (US$ Mn) By Region, 2022 to 2032
FIG. 09: Global Light Commercial Vehicle (LCV) Segment Y-o-Y Growth Rate, By Region, 2022 to 2032
FIG. 10: Global Heavy Commercial Vehicles (HCV) Segment Market Value (US$ Mn) By Region, 2017 to 2021
FIG. 11: Global Heavy Commercial Vehicles (HCV) Segment Market Value (US$ Mn) By Region, 2022 to 2032
FIG. 12: Global Heavy Commercial Vehicles (HCV) Segment Y-o-Y Growth Rate, By Region, 2022 to 2032
FIG. 13: Global Manual Segment Market Value (US$ Mn) By Region, 2017 to 2021
FIG. 14: Global Manual Segment Market Value (US$ Mn) By Region, 2022 to 2032
FIG. 15: Global Manual Segment Y-o-Y Growth Rate, By Region, 2022 to 2032
FIG. 16: Global Automatic Segment Market Value (US$ Mn) By Region, 2017 to 2021
FIG. 17: Global Automatic Segment Market Value (US$ Mn) By Region, 2022 to 2032
FIG. 18: Global Automatic Segment Y-o-Y Growth Rate, By Region, 2022 to 2032
FIG. 19: Global Evaporator Segment Market Value (US$ Mn) By Region, 2017 to 2021
FIG. 20: Global Evaporator Segment Market Value (US$ Mn) By Region, 2022 to 2032
FIG. 21: Global Evaporator Segment Y-o-Y Growth Rate, By Region, 2022 to 2032
FIG. 22: Global Compressor Segment Market Value (US$ Mn) By Region, 2017 to 2021
FIG. 23: Global Compressor Segment Market Value (US$ Mn) By Region, 2022 to 2032
FIG. 24: Global Compressor Segment Y-o-Y Growth Rate, By Region, 2022 to 2032
FIG. 25: Global Condenser Segment Market Value (US$ Mn) By Region, 2017 to 2021
FIG. 26: Global Condenser Segment Market Value (US$ Mn) By Region, 2022 to 2032
FIG. 27: Global Condenser Segment Y-o-Y Growth Rate, By Region, 2022 to 2032
FIG. 28: Global Receiver/Drier Segment Market Value (US$ Mn) By Region, 2017 to 2021
FIG. 29: Global Receiver/Drier Segment Market Value (US$ Mn) By Region, 2022 to 2032
FIG. 30: Global Receiver/Drier Segment Y-o-Y Growth Rate, By Region, 2022 to 2032
FIG. 31: Global Expansion Device Segment Market Value (US$ Mn) By Region, 2017 to 2021
FIG. 32: Global Expansion Device Segment Market Value (US$ Mn) By Region, 2022 to 2032
FIG. 33: Global Expansion Device Segment Y-o-Y Growth Rate, By Region, 2022 to 2032
FIG. 34: North America Market Value (US$ Mn), By Country 2017 to 2021
FIG. 35: North America Market Value (US$ Mn), By Country 2022 to 2032
FIG. 36: North America Market Value (US$ Mn), By Vehicle Type 2017 to 2021
FIG. 37: North America Market Value (US$ Mn), By Vehicle Type 2022 to 2032
FIG. 38: North America Market Value (US$ Mn), By Technology 2017 to 2021
FIG. 39: North America Market Value (US$ Mn), By Technology 2022 to 2032
FIG. 40: North America Market Value (US$ Mn), By Component 2017 to 2021
FIG. 41: North America Market Value (US$ Mn), By Component 2022 to 2032
FIG. 42: Latin America Market Value (US$ Mn), By Country 2022 to 2032
FIG. 43: Latin America Market Value (US$ Mn), By Vehicle Type 2017 to 2021
FIG. 44: Latin America Market Value (US$ Mn), By Vehicle Type 2022 to 2032
FIG. 45: Latin America Market Value (US$ Mn), By Technology 2017 to 2021
FIG. 46: Latin America Market Value (US$ Mn), By Technology 2022 to 2032
FIG. 47: Latin America Market Value (US$ Mn), By Component 2017 to 2021
FIG. 48: Latin America Market Value (US$ Mn), By Component 2022 to 2032
FIG. 49: Europe Market Value (US$ Mn), By Country 2017 to 2021
FIG. 50: Europe Market Value (US$ Mn), By Country 2022 to 2032
FIG. 51: Europe Market Value (US$ Mn), By Vehicle Type 2017 to 2021
FIG. 52: Europe Market Value (US$ Mn), By Vehicle Type 2022 to 2032
FIG. 53: Europe Market Value (US$ Mn), By Technology 2017 to 2021
FIG. 54: Europe Market Value (US$ Mn), By Technology 2022 to 2032
FIG. 55: Europe Market Value (US$ Mn), By Component 2017 to 2021
FIG. 56: Europe Market Value (US$ Mn), By Component 2022 to 2032
FIG. 57: Japan Market Value (US$ Mn), By Country 2022 to 2032
FIG. 58: Japan Market Value (US$ Mn), By Vehicle Type 2017 to 2021
FIG. 59: Japan Market Value (US$ Mn), By Vehicle Type 2022 to 2032
FIG. 60: Japan Market Value (US$ Mn), By Component 2017 to 2021
FIG. 61: Japan Market Value (US$ Mn), By Technology 2022 to 2032
FIG. 62: Japan Market Value (US$ Mn), By Component 2017 to 2021
FIG. 63: Japan Market Value (US$ Mn), By Component 2022 to 2032
FIG. 64: APEJ Market Value (US$ Mn), By Country 2017 to 2021
FIG. 65: APEJ Market Value (US$ Mn), By Country 2022 to 2032
FIG. 66: APEJ Market Value (US$ Mn), By Vehicle Type 2017 to 2021
FIG. 67: APEJ Market Value (US$ Mn), By Vehicle Type 2022 to 2032
FIG. 68: APEJ Market Value (US$ Mn), By Technology 2017 to 2021
FIG. 69: APEJ Market Value (US$ Mn), By Technology 2022 to 2032
FIG. 70: APEJ Market Value (US$ Mn), By Component 2017 to 2021
FIG. 71: APEJ Market Value (US$ Mn), By Component 2022 to 2032
FIG. 72: MEA Market Value (US$ Mn), By Country 2017 to 2021
FIG. 73: MEA Market Value (US$ Mn), By Country 2022 to 2032
FIG. 74: MEA Market Value (US$ Mn), By Vehicle Type 2017 to 2021
FIG. 75: MEA Market Value (US$ Mn), By Vehicle Type 2022 to 2032
FIG. 76: MEA Market Value (US$ Mn), By Technology 2017 to 2021
FIG. 77: MEA Market Value (US$ Mn), By Technology 2022 to 2032
FIG. 78: MEA Market Value (US$ Mn), By Component 2017 to 2021
FIG. 79: MEA Market Value (US$ Mn), By Component 2022 to 2032
- FAQs -
What was the market value for automotive HVAC's in 2022?
The automotive HVAC market was worth US$ 48.38 Billion in 2022.
What is the projected market value for automotive HVAC by 2032?
The projected market value for automotive HVAC is US$ 68.20 Billion by 2032.
At what percentage will the market for automotive HVAC rise until 2032?
From 2022-2032, Fact.MR expects automotive HVAC to flourish at a CAGR of 4.6%.
How do growth prospects for automotive HVAC appear in the Japan by 2032?
Japan is expected to witness a CAGR of approximately 8.9% by 2032.
How do growth prospects for automotive HVAC appear in China?
China is expected to register a CAGR of 10.2% for automotive HVAC Market.
What are the growth prospects for India’s Automotive Market?
India will witness a CAGR of 9.3% during the forecast period.
Which type of automotive HVAC is expected to hold the maximum share?
Heavy commercial vehicles (HCVs) segment is anticipated to hold the maximum share.
Which factors are propelling the growth of Automotive HVAC Market?
Increasing population, urbanization and rise in disposable income are driving the growth of this market.
Automotive HVAC Market