According to the recent report by IMARC Group, titled “Automotive Climate Control Market” Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global automotive climate control market size reached US$ 9.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 13.6 Billion by 2027, exhibiting a growth rate (CAGR) of 6.1% during 2022-2027.
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 frequently used in passenger vehicles as well as various commercial vehicles.
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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 carbon emission levels has also bolstered 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.
Global Automotive Climate Control Market 2022-2027 Analysis and Segmentation:
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
- Eberspächer 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:
Breakup by Component:
- Relays and Control Valves
- Evaporators and Thermostats
Breakup by Vehicle Type:
- Passenger Cars
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle (HCV)
Breakup by Distribution Channel:
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
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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