According to the recent report by IMARC Group, titled “Automotive Climate Control Market Size” Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global automotive climate control market exhibited moderate growth during 2015-2020 and expects the market to grow at a CAGR of around 6% during 2021-2026.
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.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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.
Global Automotive Climate Control Market 2021-2026 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
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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