The global automotive climate control market grew at a CAGR of around 7% during 2014-2019.
Automotive climate control refers to an integrated heating, ventilation and air conditioning (HVAC) system used for maintaining the internal temperature of an automobile. The system consists of an evaporator for boiling the refrigerant and absorbing the heat, a compressor circulating the refrigerant and compressing the vapors, and a condenser to reduce the temperature of the ambient air and liquefy the refrigerant. It can be operated automatically or manually to maintain a comfortable temperature inside the cabin and deliver thermal comfort through adequate ventilation and provide maximum comfort to the passengers. As a result, the climate control system is extensively used in passenger cars and light-, medium- and heavy commercial vehicles.
Significant growth in the automotive industry across the globe represents one of the key factors creating a positive outlook for the market. Furthermore, the rising demand for luxury vehicles has enhanced the requirement for efficient automotive climate control systems. However, manual climate control systems are installed in medium- and low-budget vehicles and are used through physical dials and knobs. In line with this, hybrid and electric vehicle (H/EV) manufacturers are using these systems with environment-friendly refrigerants to minimize the carbon emission levels. Additionally, various technological advancements, such as the integration of innovative automobile sensors, are acting as other growth-inducing factors. These sensors can automatically detect and modify the cabin temperature, defrost windows, demystify windshields and dehumidify air according to the outside temperature and humidity levels. Other factors, including rising expenditure capacities of individuals, along with extensive research and development (R&D) activities to create energy-efficient systems, are anticipated to drive the market further. Looking forward, the analyst expects the global automotive climate control market to exhibit moderate growth during the next five years.
Key Market Segmentation: the analyst provides an analysis of the key trends in each sub-segment of the global automotive climate control market report, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on region, technology, component, vehicle type and distribution channel.
Breakup by Technology: Automatic Manual
Breakup by Component: Condenser Compressor Relays and Control Valves Evaporators and Thermostats Drier/Receiver Others
Breakup by Vehicle Type: Passenger Cars Light Commercial Vehicle (LCV) Heavy Commercial Vehicle (HCV)
Breakup by Distribution Channel: OEMs Aftermarket
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
Competitive Landscape: The competitive landscape of the industry has also been examined with some of the key players being 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.
Key Questions Answered in This Report: How has the global automotive climate control market performed so far and how will it perform in the coming years? What has been the impact of COVID-19 on the global automotive climate control market? What are the key regional markets? What is the breakup of the market based on the technology? What is the breakup of the market based on the component? What is the breakup of the market based on the vehicle type? What is the breakup of the market based on the distribution channel? What are the various stages in the value chain of the industry? What are the key driving factors and challenges in the industry? What is the structure of the global automotive climate control market and who are the key players? What is the degree of competition in the industry?
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