Automotive HVAC Market 2025: Regional Trends, Industry Growth And Top Company Profiles
The automotive HVAC market is set to grow from its current market value of more than USD 16 billion to over USD 25 billion. The robust increase in the number of customers demanding luxury features & comfort in their vehicles is fueling the growth of automotive HVAC market. The demand in fact, is so significant that HVAC systems are now being integrated into entry-level vehicle models as a standard option.
The automotive HVAC systems are capable of monitoring & controlling the cabin temperature of the vehicle to maintain an optimum level of convenience & comfort for the passengers. The increasing demand for these systems can also be attributed to the evolving El Nino phenomenon, the abnormal warming of the equatorial Pacific Ocean, which would be further intensifying the already increasing global temperature.
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According to the OICA, 16% of the global man-made CO2 emissions result from road transport, which justifies the tremendous amounts of investments being directed towards commercializing EV technology and advancing hybrid vehicle production. Generally, heat dissipated from the engine of a vehicles is utilized to control the temperatures in the cabin, making it difficult to easily provide heat in EVs, as they do not have a combustion engine.
Several solutions have been suggested by experts, institutes and government agencies to overcome these difficulties for ensuring a fast-paced growth of the EV industry. The automotive HVAC market will consequently need to evolve for meeting the future requirements of zero-emission vehicles. Describing one such effort to find effective solutions for EV heating and cooling systems, two Hyundai Sonatas PHEVs were tested by the National Renewable Energy Laboratory (NREL) in U.S. for a novel solution.
The automotive HVAC market will subsequently benefit from the increased demand for luxury cars and improved comfort features in low-priced cars as well as commercial vehicles. Introduction of automated systems in cars to control temperature and cooling functions will greatly transform the automotive HVAC industry dynamics.
Elaborating on the study, on of the vehicles was modified with a range of components for reducing climate control load, such as solar reflective glass, solar reflective paint, electrically-heated windshield and heated surfaces around the driver. The heated windshield was found to clear ice in 6 mins using only 0.1 kWh electricity and reached occupant comfort in only 15 mins. In comparison, the unmodified vehicle cleared ice in 19 mins by utilizing 2.6 kWh of power and reached occupant comfort in 29 mins. In a further study conduct using the vehicles at Hyundai’s premises, the modified Sonata exhibited a 11.4% increase in range and 23.7% decrease in energy usage by the HVAC system. The study indicates the importance of further developing the automotive HVAC market and the remarkable prospects it holds in expanding the sustainability of EVs.
Advent of fast-charging technologies for EVs has also made it necessary for installing effective cooling control in vehicles, as a vast quantity of heat is generated at the cable and battery level during super charging process. It must be noted that the efficacy of such cooling systems determine the overall range of an EV, and the life of batteries used in these cars. The potential of growth for the automotive HVAC industry from the development of EVs could be surmised from the fact that BMW expects 15% to 25% of its global sales to be composed of electric models by 2025.
In a nutshell, the unprecedented growth in the development of automobile manufacturing technologies and the augmentation of emerging EV platforms will drive the automotive HVAC industry, which is comprised of key players such as Denso Corporation, Calsonic Kansei Corporation, Hanon Systems and Air International Thermal Systems, among several others.
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Some Point from Table of Contents:
Chapter 4. Automotive HVAC Market, By Technology
4.1. Key trends in automotive HVAC industry, by technology
4.2. Automatic
4.2.1. Market estimates and forecast, 2015 - 2025
4.3. Manual
4.3.1. Market estimates and forecast, 2015 - 2025
Chapter 5. Automotive HVAC Market, By Vehicle Type
5.1. Key trends in automotive HVAC industry, by vehicle type
5.2. Passenger cars
5.2.1. Market estimates and forecast, 2015 - 2025
5.3. LCVs
5.3.1. Market estimates and forecast, 2015 - 2025
5.4. HCVs
5.4.1. Market estimates and forecast, 2015 - 2025
Chapter 6. Automotive HVAC Market, By Component
6.1. Key trends in automotive HVAC market, by component
6.2. Compressor
6.2.1. Market estimates and forecast, 2015 - 2025
6.3. Heat exchanging equipment
6.3.1. Market estimates and forecast, 2015 - 2025
6.4. Expansion device
6.4.1. Market estimates and forecast, 2015 – 2025
6.5. Receiver/drier
6.5.1. Market estimates and forecast, 2015 – 2025
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