Rising customer expectations and the subsequent surge in demand for comfortable and sophisticated vehicles are boosting automotive HVAC market share. HVAC systems have gained immense popularity over the years, leading to their integration in even entry-level vehicles.
HVAC systems are used to monitor and control cabin temperatures to suit user preferences. The efficiency of these systems can be attributed to certain parameters like low energy consumption, reduced acoustic noise and sufficient flow delivery, among others.
As per estimates by Global Market Insights, Inc. the automotive HVAC market is expected to register appreciable gains of over $25 billion by 2025.
Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/371
How are favorable legislative policies pertaining to fuel efficiency transforming the global automotive HVAC market outlook?
As environmental concerns like global warming and ozone layer depletion become alarmingly prevalent, several economies have initiated stringent regulations and policies regarding fuel-efficiency and sustainability in automobile production. This paradigm shift towards mitigation of CO2 emissions is contributing heavily to market growth across the globe.
The purpose of these mandates is to increase public awareness regarding these environmental issues and encourage the use of sustainable, low emission and fuel-efficient vehicles, which will in turn lead automotive suppliers to augment variable and fixed displacement type compressors.
For example, suppliers in North America have shifted towards variable type compressors from the fixed, with the intention of enhancing system performance while maintaining cost-efficiency.
How will the evolving auto sector augment automotive HVAC industry trends in the Europe region?
The automotive HVAC market landscape in Europe is set to witness a commendable growth trajectory owing to proliferating premium passenger vehicle production in the region. In Germany, the automotive sector is the most prominent contributor to the nation’s GDP. As a matter of fact, Germany accounted for over 20% of the global passenger car production in 2017, surpassing over 16 million units.
Key industry players in the Germany automotive sector like Audi, BMW and Mercedes deal with global automotive demands, manufacturing the highest number of premium vehicles. German automotive OEMs account for over 60% automotive sales across the globe. Prolific OEM suppliers like Iveco, AC automotive, BMW, Audi, Porsche, Volkswagen, MAN, Mercedes, Ford and Neoplan among others significantly bolster the industry’s R&D efforts, thereby creating a strong demand for thermal management systems and fueling the automotive HVAC market size.
What are the pivotal trends driving the South African market share over 2019-2025?
Escalating production of LCVs and passenger cars has brought about a sizeable upsurge in automotive HVAC market demand in South Africa. Key manufacturers in the region comprise myriad European, Asian and American automotive companies including Volkswagen, Toyota, Nissan, Ford, Mercedes and more.
Exports to the United States are among the pivotal operations in the region including left-hand drive vehicles such as BMW 3-Series and Ford Ranger, among others.
The National Association of Automobile Manufacturers of South Africa reports that the South Africa automotive industry recorded revenue of over $42 billion in 2017.
Maintaining positive business relationships with the US will prove beneficial for the region, as a result of higher revenues attributing to escalating automobile exports, thereby stimulating product demand. Combined with mounting demand from the automotive manufacturing sector, these factors will present several lucrative business opportunities for the automotive HVAC market in South Africa.
How will burgeoning sales of electronic vehicles worldwide impact the automotive HVAC market share?
In 2017, more than 1 million electric vehicles were sold across the globe, as per reports from the International Energy Agency. America accounted for around 760,000 sales while Europe accounted for 820,000.
China, however, dominated the EV market in 2017, with a fleet of over 1.2 million electric vehicles and the highest recorded EV sales of approximately 579,000 units.
Request for customization @ https://www.gminsights.com/roc/371
Highly efficient systems are required to control and maintain desired temperatures in these battery- powered vehicles. To accommodate this, many production companies are now implementing innovative technologies to elevate cabin comfort in electric vehicles, giving rise to the development of new coolant flow systems. These systems are designed to use heat pumps and vaporized coolants like CO2 refrigerants, which will in turn augment automotive HVAC industry growth.
Table of Contents (ToC) of the report:
Chapter 1. Methodology and Scope
1.1. Definition and forecast parameters
1.1.2. Assumptions, methodology and forecast parameters
1.2. Data Sources
Chapter 2. Executive Summary
2.1. Automotive HVAC industry 3600 synopsis, 2015 – 2025
2.1.1. Business trends
2.1.2. Technology trends
2.1.3. Vehicle type trends
2.1.4. Component trends
2.1.5. Regional trends
Chapter 3. Automotive HVAC Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2015 – 2025
3.2.1. HVAC components overview
188.8.131.52. Expansion valve
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/automotive-HVAC-market