Global Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Size, Trends and Growth Opportunity, By Technology (Manual, Automatic), Vehicle Type (Passenger, Commercial, Electric), Component (Compressor, Heat Exchanging Equipment, Expansion Device, Receiver/Drier), Distribution Channel (Original Equipment Manufacturer (OEMs), Aftermarket) By Region and forecast till 2027.
Report ID : IR1001125 | Industries : Automotive and Transportation | Published On :May 2024 | Page Count : 254
Global Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Size, Trends and Growth Opportunity, By Technology (Manual, Automatic), Vehicle Type (Passenger, Commercial, Electric), Component (Compressor, Heat Exchanging Equipment, Expansion Device, Receiver/Drier), Distribution Channel (Original Equipment Manufacturer (OEMs), Aftermarket) By Region and forecast till 2027.
Global Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market
Global Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market was valued at USD 53.95 billion in 2021 and is slated to reach at USD 77.95 billion by 2027 at a CAGR of 6.39 % from 2022-2027.
Convection in the form of steam, air, water, and refrigerants in piping and ducts is used in the automotive integrated heating, ventilation, and air conditioning (HVAC) system to convey heat energy to various parts of the system. The primary goals of an integrated heating, ventilation, and air conditioning (HVAC) system are to provide thermal comfort while maintaining good indoor air quality through appropriate ventilation. The HVAC system allows for proper climate control of the vehicle's heat or coolness.
Market Drivers
Consumers' increasing desire for comfort, safety, and cutting-edge features has resulted in numerous technological advancements in Integrated Heating, Ventilation, and Air Conditioning (HVAC) Systems. The Integrated Heating, Ventilation, and Air Conditioning (HVAC) system assists in defrosting windows, dehumidifying air, and demisting windscreens, all of which improve passenger safety and visibility. As a result, rising demand for vehicle safety and favorable conditions is expected to drive market growth. Commercial vehicles have seen strong growth in the integrated heating, ventilation, and air conditioning (HVAC) system market in recent years. The main factors driving the demand for HVAC systems are the need to maintain air quality inside the truck cabin and to improve the driver's thermal comfort. Furthermore, the increased installation of integrated heating, ventilation, and air conditioning (HVAC) systems in buses and other public transportation systems is expected to aid market growth.
Market Restraints
The lack of consumer or manufacturer awareness about the usage and benefits of automotive integrated heating, ventilation, and air conditioning systems is expected to stymie the market's overall revenue generation during the assessment period. Furthermore, the high maintenance cost of this system stifles market growth because it is costly in nature and not easily accessible in low-income countries.
Impact of COVID-19
COVID-19 had a major impact on the automotive goods and supply chain markets. The pandemic's outbreak had an impact on the automotive HVAC system market. The decline in passenger car and commercial vehicle sales in 2020, as well as the temporary shutdown of vehicle and component production facilities, were primarily attributed to regional governments' strict lockdown measures.
Recent Developments
Marelli Corporation produced an Indoor Air Quality Purification System in 2021, which kills viruses and bacteria inside vehicles. This system kills viruses and bacteria, including COVID-19, with 99 percent effectiveness in 15 minutes by combining UV-C and UV-A light with a titanium dioxide filter.
Hanon System began new operations in Hungary in 2021. These facilities provide approximately 22,464 square metres of manufacturing space and equipment for automotive heating, ventilation, and air conditioning (HVAC) (A/C) lines, including welding and bending, forming, brazing, assembly lines, and testing.
Market Segmentation
Global Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market is segmented into By Technology, Vehicle Type, Component, Distribution Channel. By Technology such as Manual, Automatic. By Vehicle Type such as Passenger, Commercial, Electric. By Component such as Compressor, Heat Exchanging Equipment, Expansion Device, Receiver/Drier. By Distribution Channel such as Original Equipment Manufacturer (OEMs), Aftermarket.
Regional Analysis
Global Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. In terms of revenue, Asia-Pacific dominates the automotive integrated heating, ventilation, and air conditioning (HVAC) system market. This is due to the region's growing number of automobile manufacturers. North America is expected to be the fastest growing region during the forecast period of 2022-2027, owing to improved macroeconomic conditions and an increase in vehicle production capacity in this region.
Key Players
This report includes a list of numerous Key Players, namely Kongsberg Automotive integrated (Switzerland), Imasen Electric Industrial Co. Ltd. (Japan), Eberspächer (Germany), Air International Thermal Systems (Thailand), Delphi Technologies (U.K.), Brose Fahrzeugteile GmbH and Co. (Germany), TOYOTA INDUSTRIES CORPORATION (Japan), Xiezhong International Holdings Limited (China), GENTHERM (U.S.), Keihin Corporation (Japan).
Market Taxonomy
By Technology
• Manual
• Automatic
By Vehicle Type
• Passenger
• Commercial
• Light
• Heavy
• Electric
By Component
• Compressor
• Heat Exchanging Equipment
• Expansion Device
• Receiver/Drier
By Distribution Channel
• Original Equipment Manufacturer (OEMs)
• Aftermarket
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa.
Global Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market, By Technology
5.1 Y-o-Y Growth Comparison, By Technology
5.2 Global Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Share Analysis, By Technology
5.3 Global Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Size and Forecast, By Technology
5.3.1 Manual
5.3.2 Automatic
6 Global Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market, By Vehicle Type
6.1 Y-o-Y Growth Comparison, By Vehicle Type
6.2 Global Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Share Analysis, By Vehicle Type
6.3 Global Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Size and Forecast, By Vehicle Type
6.3.1 Passenger
6.3.2 Commercial
6.3.3 Light
6.3.4 Heavy
6.3.5 Electric
7 Global Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market, By Component
7.1 Y-o-Y Growth Comparison, By Component
7.2 Global Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Share Analysis, By Component
7.3 Global Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Size and Forecast, By Component
7.3.1 Compressor
7.3.2 Heat Exchanging Equipment
7.3.3 Expansion Device
7.3.4 Receiver/Drier
8 Global Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market, By Distribution Channel
8.1 Y-O-Y Growth Comparison, By Distribution Channel
8.2 Global Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Share Analysis, By Distribution Channel
8.3 Global Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Size and Forecast, By Distribution Channel
8.3.1 Original Equipment Manufacturer (OEMs)
8.3.2 Aftermarket
9 Global Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market, By Region
9.1 Global Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Share Analysis, By Region
9.2 Global Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Share Analysis, By Region
9.3 Global Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Size and Forecast, By Region
10 North America Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 North America Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Share Analysis, By Technology
10.3 North America Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Size and Forecast, By Vehicle Type
10.4 North America Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Size and Forecast, By Component
10.5 North America Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Size and Forecast, By Distribution Channel
10.6 North America Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Size and Forecast, By Country
10.6.1 U.S.
10.6.2 Canada
10.6.3 Mexico
11 Europe Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Europe Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Share Analysis, By Technology
11.3 Europe Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Size and Forecast, By Vehicle Type
11.4 Europe Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Size and Forecast, By Component
11.5 Europe Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Size and Forecast, By Distribution Channel
11.6 Europe Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4. Rest of Europe
12Asia Pacific Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Asia Pacific Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Share Analysis, By Technology
12.3 Asia Pacific Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Size and Forecast, By Vehicle Type
12.4 Asia Pacific Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Size and Forecast, By Component
12.5 Asia Pacific Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Size and Forecast, By Distribution Channel
12.6 Asia Pacific Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Size and Forecast, By Country
12.6.1 China
12.6.2 Japan
12.6.3 India
12.6.4. Rest of Asia Pacific
13Latin America Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Latin America Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Share Analysis, By Technology
13.3 Latin America Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Size and Forecast, By Vehicle Type
13.4 Latin America Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Size and Forecast, By Component
13.5 Latin America Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Size and Forecast, By Distribution Channel
14.6 Latin America Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Size and Forecast, By Country
14.6.1. Brazil
14.6.2.Rest of Latin America
15Middle East Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Analysis and Forecast (2022-2027)
15.1 Introduction
15.2 Middle East Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Share Analysis, By Technology
15.3 Middle East Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Size and Forecast, By Vehicle Type
15.4 Middle East Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Size and Forecast, By Component
15.5 Middle East Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Size and Forecast, By Distribution Channel
15.6 Middle East Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Size and Forecast, By Country
15.6.1. Saudi Arabia
15.6.2. UAE
15.6.3. Egypt
15.6.4. Kuwait
15.6.5. South Africa
16Competitive Analysis
16.1 Competition Dashboard
16.2 Market share Analysis of Top Vendors
16.3 Key Development Strategies
17Company Profiles
17.1 Kongsberg Automotive integrated (Switzerland)
17.1.1 Overview
17.1.2 Offerings
17.1.3 Key Financials
17.1.4 Business Segment & Geographic Overview
17.1.5 Key Market Developments
17.1.6 Key Strategies
17.2 Imasen Electric Industrial Co. Ltd. (Japan)
17.2.1 Overview
17.2.2 Offerings
17.2.3 Key Financials
17.2.4 Business Segment & Geographic Overview
17.2.5 Key Market Developments
17.2.6 Key Strategies
17.3 Eberspächer (Germany)
17.3.1 Overview
17.3.2 Offerings
17.3.3 Key Financials
17.3.4 Business Segment & Geographic Overview
17.3.5 Key Market Developments
17.3.6 Key Strategies
17.4 Air International Thermal Systems (Thailand)
17.4.1 Overview
17.4.2 Offerings
17.4.3 Key Financials
17.4.4 Business Segment & Geographic Overview
17.5 Key Market Developments
17.4.6 Key Strategies
17.5 Delphi Technologies (U.K.)
17.5.1 Overview
17.5.2 Offerings
17.5.3 Key Financials
17.5.4 Business Segment & Geographic Overview
17.5.5 Key Market Developments
17.5.6 Key Strategies
17.6 Brose Fahrzeugteile GmbH and Co. (Germany)
17.6.1 Overview
17.6.2 Offerings
17.6.3 Key Financials
17.6.4 Business Segment & Geographic Overview
17.6.5 Key Market Developments
17.6.6 Key Strategies
17.7 TOYOTA INDUSTRIES CORPORATION (Japan)
17.7.1 Overview
17.7.2 Offerings
17.7.3 Key Financials
17.7.4 Business Segment & Geographic Overview
17.7.5 Key Market Developments
17.7.6 Key Strategies
17.8 Xiezhong International Holdings Limited (China)
17.8.1 Overview
17.8.2 Offerings
17.8.3 Key Financials
17.8.4 Business Segment & Geographic Overview
17.8.5 Key Market Developments
17.8.6 Key Strategies
17.9 GENTHERM (U.S.)
17.9.1 Overview
17.9.2 Offerings
17.9.3 Key Financials
17.9.4 Business Segment & Geographic Overview
17.9.5 Key Market Developments
17.9.6 Key Strategies
17.10 Keihin Corporation (Japan)
17.10.1 Overview
17.10.2 Offerings
17.10.3 Key Financials
17.10.4 Business Segment & Geographic Overview
17.10.5 Key Market Developments
17.10.6 Key Strategies