Automotive Climate Control Market Research Report, Market Share, Size, Trends, Forecast and Analysis of Key players 2026
According to the recent report by IMARC Group, titled “Automotive Climate Control Market" Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global automotive climate control market exhibited moderate growth during 2015-2020 and expects the market to grow at a CAGR of around 6% during 2021-2026.
Automotive climate control system refers to an integrated heating, ventilation and air conditioning (HVAC) system. It is responsible for controlling the temperature of the cabin and humidity level in vehicles irrespective of the external climatic conditions. The automotive climate control systems comprise of five components, including an evaporator, compressor, condenser, receiver or drier, and expansion device. These systems are cost-effective and offer a comfortable traveling experience.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Automotive Climate Control Market Trends:
The significant growth in the automotive industry across the globe is creating a positive outlook for the market. The rising demand for luxury vehicles has further facilitated the development of efficient automotive climate control systems. Additionally, various technological advancements, such as the integration of innovative automobile sensors that can adjust cabin temperature, defrost windows, and clear windshields, are contributing to the market growth. Other factors, including rising expenditure capacities of consumers, along with extensive research and development (R&D) activities to create energy-efficient systems, are contributing to the market growth.
Global Automotive Climate Control Market 2021-2026 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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.
The report has segmented the market on the basis on region, technology, component, vehicle type and distribution channel.
Breakup by Technology:
Breakup by Component:
- Relays and Control Valves
- Evaporators and Thermostats
Breakup by Vehicle Type:
- Passenger Cars
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle (HCV)
Breakup by Distribution Channel:
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
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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