Global Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market, 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) – Industry Trends and Forecast to 2030.
Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Analysis and Size
In last few years, increase in demand for safety and thermal comfort owing to the adoption of HVAC systems are likely to enhance the growth of the market. Besides, people travel in their personal vehicles for long distances for different needs, and consequently boost the need for HVAC. Factors such as climate change and global warming lead to increased global temperatures, which causes high demand for maintaining temperature of automobile. Several market players are involved in acquisitions and mergers to increase their market presence which is helping in the growth of the market.
Data Bridge Market Research analyses that the automotive integrated heating, ventilation, and air conditioning (HVAC) system market is expected to reach USD 77.76 billion by 2030, which is USD 47.34 billion in 2022, at a CAGR of 6.40% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015- 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Technology (Manual, Automatic), Vehicle Type (Passenger Vehicle, Commercial Vehicle, Electric Vehicle), Component (Compressor, Evaporator, Receiver, Condenser, Others), Distribution Channel (Original Equipment Manufacturer (OEMs), Aftermarket)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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DENSO CORPORATION (Japan), Johnson Electric Holdings Limited (China), Hanon Systems (South Korea), JAPAN CLIMATE SYSTEMS CORPORATION (Japan), MAHLE GmbH (Germany), MITSUBISHI HEAVY INDUSTRIES LTD. (Japan), OMEGA Environmental Technologies (U.S.), Trans/Air Manufacturing Corp. (U.S.), 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), Sensata Technologies Inc. (U.S.), SANDEN HOLDINGS CORPORATION (Japan), Calsonic Kansei Corporation (Japan), Valeo (France)
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Market Opportunities
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Market Definition
The automotive integrated heating, ventilation, and air conditioning (HVAC) system uses convection in the form of steam, air, water, and refrigerants in piping and ducts to convey heat energy to numerous parts of the system. The main purposes of an integrated heating, ventilation, and air conditioning (HVAC) system are to maintain good indoor air quality through suitable ventilation and offer thermal comfort. HVAC system facilitates proper climate control of the vehicle's hotness or coolness.
Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Dynamics
Drivers
- Increasing demand of automotive integrated HVAC for safety proposes
Growing demand for comfort, safety and latest features among consumers has led to numerous technological developments in Integrated Heating, Ventilation, and Air Conditioning (HVAC) System. The Integrated Heating, Ventilation, and Air Conditioning (HVAC) system contributes to defrosting of windows, dehumidifying air and demisting windshields which improve safety and visibility of passengers. Therefore, increasing demand for safety and favourable conditions in the vehicle is expected to propel the market growth.
- Surging HVAC system installation in commercial vehicles
In last few years, commercial vehicles are experiencing sturdy growth in the integrated heating, ventilation, and air conditioning (HVAC) system market. The major factors which increase the demand for HVAC system are maintain air quality inside the truck cabin, need to improve the thermal comfort of the driver. Furthermore, increasing installation of integrated heating, ventilation, and air conditioning (HVAC) systems in buses and other public transport systems is expected to help increase the market's growth.
Opportunities
- Rising adoption of luxurious automobiles among consumers
Growing adoption of luxurious automobiles among consumers is a major factor that will generate lucrative global market opportunities. Numerous luxury vehicles integrated with automatic heating, ventilation, and air conditioning (HVAC) systems for instance power windows, and heated seats that increase comfort in the vehicle cabin. High comfort encouraged more consumers to adopt luxurious cars or vehicles. Hence, increasing need for comfort among consumers leads to surge the sales of luxury vehicles, which will expected to increase demand of the integrated heating, ventilation, and air conditioning (HVAC) system in the coming years.
- Increasing technological advancements and investments in integrated heating, ventilation, and air conditioning (HVAC) system market
Substantial investments and technological innovations in R & D activities are poised to increase the offering and technological capabilities of players. They are leading to the innovation of eco-friendly and energy-efficient systems HVAC units along with innovative designs to lower the weight and size of systems for improved vehicle performance and better adaptability. Reduction in system weight and size will support the growth of the market over the coming years.
Restraints/ Challenges
- Lack of awareness and high maintenance associated with automotive integrated heating, ventilation, and air conditioning system
Dearth of awareness regarding the usage and benefits of automotive integrated heating, ventilation, and air conditioning system among consumer or manufacturers is expected to obstruct the overall revenue generation of the market during the assessment period. Furthermore, this system's high maintenance price hinders the market's growth because it is expensive in nature and is not easily available in low-income countries.
This automotive integrated heating, ventilation, and air conditioning (HVAC) system market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automotive integrated heating, ventilation, and air conditioning (HVAC) system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In 2021, Marelli Corporation manufactured an Indoor Air Quality Purification System, which kills viruses and bacteria inside the vehicles. This system uses UV-C and UV-A light with a titanium dioxide filter to kills viruses and bacteria, including COVID-19, with around 99 percent effectiveness in 15 minutes.
- In 2021, Hanon System initiated its new establishments in Hungary. These facility provide around 22,464 square meters of manufacturing space and equipment including welding and bending, forming, brazing, assembly lines and testing for automotive heating, ventilation, and air conditioning (HVAC) (A/C) lines.
Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Scope
The automotive integrated heating, ventilation, and air conditioning (HVAC) system market is segmented on the basis of technology, vehicle type, component and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Technology
- Manual
- Automatic
Vehicle Type
- Passenger
- Commercial
- Light
- Heavy
- Electric
Component
- Compressor
- Heat Exchanging Equipment
- Expansion Device
- Receiver/Drier
Distribution Channel
- Original Equipment Manufacturer (OEMs)
- Aftermarket
Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Regional Analysis/Insights
The automotive integrated heating, ventilation, and air conditioning (HVAC) system market is analysed and market size insights and trends are provided by country, technology, vehicle type, component and distribution channel as referenced above.
The countries covered in the automotive integrated heating, ventilation, and air conditioning (HVAC) system market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia and New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.
Asia-Pacific dominates the automotive integrated heating, ventilation, and air conditioning (HVAC) system market in in terms of revenue. This is owing to the growing number of automobile manufacturers in this region.
North America is projected to be the fastest developing region during the forecast period of 2023-2030 due to improved macroeconomic and increase in production capacity of vehicles in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Integrated Heating, Ventilation, and Air Conditioning (HVAC) System Market Share Analysis
The automotive integrated heating, ventilation, and air conditioning (HVAC) system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive integrated heating, ventilation, and air conditioning (HVAC) system market.
Some of the major players operating in the automotive integrated heating, ventilation, and air conditioning (HVAC) system market are:
- DENSO CORPORATION (Japan)
- Johnson Electric Holdings Limited (China)
- Hanon Systems (South Korea)
- JAPAN CLIMATE SYSTEMS CORPORATION (Japan)
- MAHLE GmbH (Germany)
- MITSUBISHI HEAVY INDUSTRIES LTD. (Japan)
- OMEGA Environmental Technologies (U.S.)
- Trans/Air Manufacturing Corp. (U.S.)
- 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)
- Sensata Technologies Inc. (U.S.)
- SANDEN HOLDINGS CORPORATION (Japan)
- Calsonic Kansei Corporation (Japan)
- Valeo (France)
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