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Automotive Heating, Ventilation and Air Conditioning (HVAC) Market Growth, Segments and Forecast by 2029.

Submitted by Simran4you on Thu, 06/29/2023 - 00:45

Data Bridge Market Research has recently released an extensive research report titled "Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market" which aims to equip you with a competitive advantage by providing comprehensive and up-to-date information. This comprehensive study offers a deep understanding of the market, empowering you to navigate the industry successfully. Serving as a dependable source, the report uncovers the current market conditions and trends, making it an invaluable tool for formulating an effective marketing strategy. By presenting an expansive view of the market landscape, this report furnishes valuable insights into trends, opportunities, and the overall market status. Through strategic market research analysis and insightful business intelligence, this industry report explores the relevant markets for our clients. It also encompasses a detailed SWOT analysis and investment analysis of the extensive "Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market" thus projecting imminent opportunities for market players.

Data Bridge Market Research analyses that the automotive heating, ventilation, and air conditioning (HVAC) market is expected to reach USD 48.56 billion by 2030, which is USD 22.49 billion in 2022, at a CAGR of 10.10% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

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Market Definition:

The automotive heating, ventilation, and air conditioning (HVAC) system is used to control the internal temperature in automobiles. Automotive HVAC systems contain various components, which not only remove or add heat, but also supports purifypurifying the air circulating through the vehicles. It automatically controls temperature, inspects moisture content, and removes humidity from air circulating in the automobile. It improved thermal comfort for passenger and driver. Automotive automotive heating, ventilation, and air conditioning (HVAC) system transfer the heat from low to high temperatures according to the pressure, this is known as refrigeration.

Some of the major players operating in the automotive heating, ventilation, and air conditioning (HVAC) market are:

Keihin Corporation (Japan)
Sensata Technologies Inc. (U.S.)
SANDEN HOLDINGS CORPORATION (Japan)
Calsonic Kansei Corporation (Japan)
Valeo (France)
DENSO CORPORATION (Japan)
Johnson Electric Holdings Limited (China)
Hanon Systems (South Korea)
JAPAN CLIMATE SYSTEMS CORPORATION (Japan)
MAHLE GmbH (Germany)
MITSUBISHI HEAVY INDUSTRIES LTD. (Japan)
OMEGA Environmental Technologies (U.S.)
Trans/Air Manufacturing Corp. (U.S.)
Kongsberg Automotive (Switzerland)
Imasen Electric Industrial Co. Ltd. (Japan)
Eberspächer (Germany)
Air International Thermal Systems (Thailand)
Delphi Technologies (U.K.)
Brose Fahrzeugteile GmbH & Co. (Germany)
TOYOTA INDUSTRIES CORPORATION (Japan)
Xiezhong International Holdings Limited (China)
GENTHERM (U.S.)

Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Scope

The automotive heating, ventilation, and air conditioning (HVAC) market is segmented on the basis of technology, vehicle type, component and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Technology
Manual
Automatic

Vehicle Type
Passenger Vehicle
Commercial Vehicle
Light Commercial Vehicles
Heavy Commercial Vehicles
Electric Vehicle

Component
Compressor
Evaporator
Receiver
Condenser
Others

Distribution Channel
Original Equipment Manufacturer (OEMs)
Aftermarket

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The automotive heating, ventilation, and air conditioning (HVAC) market is analyzed and market size insights and trends are provided by country, technology, vehicle type, component and distribution channel.as referenced above.

The countries covered in the automotive heating, ventilation, and air conditioning (HVAC) market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia & New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.

Asia-Pacific dominates the automotive heating, ventilation, and air conditioning (HVAC) market in in terms of revenue. This is due to the presence of major automobile manufacturers and large-scale production of automobiles in this region. Moreover, integration between industry experts and regulatory bodies to create awareness about star-labelled HVAC units is likely to drive the market growth in this region.

Europe is projected to be the fastest developing region during the forecast period of 2023-2030 due to growing vehicle production in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

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