Automotive Heating, Ventilation and Air-Conditioning (HVAC) Market Trends and Analysis by Technology, Companies and Forecast to 2028
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Automotive Heating, Ventilation, and Air-Conditioning (HVAC) Market Report Overview
The automotive heating, ventilation, and air-conditioning (HVAC) market size was 87.2 million units in 2023. The market will grow at a CAGR of more than 2% during 2023-2028. Currently, the rising demand for HVAC systems with cutting-edge technologies is driving the market. In 2023, Asia-Pacific accounted for a significant share of the market.
Automotive Heating, Ventilation, and Air-Conditioning (HVAC) Market Outlook, 2023-2028 (Million Units)
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The automotive heating, ventilation, and air-conditioning (HVAC) market research report provides a comprehensive overview of the automotive HVAC market trends and drivers. The automotive HVAC market report also provides a detailed overview of technological developments and innovations, PESTER analysis, and leading component suppliers at a global and regional level. Furthermore, evaluate strategic initiatives by market players and their recent product innovations to identify growth opportunities. The report also provides an overview of patent filings across sectors, regions, countries, and top applicants.
Market Size (2023) | 87.2 million units |
CAGR (2023-2028) | >2% |
Historical Period | 2018-2022 |
Forecast Period | 2023-2028 |
Key Regions | Asia-Pacific, Europe, North America, South America, and MEA |
Key Companies | Behr-Hella Thermocontrol (BHTC), Denso, Valeo, Visteon/HVCC/Hanon, and Marelli Corp (Calsonic Kansei) |
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Automotive Heating, Ventilation, and Air-Conditioning (HVAC) Market Trends
The key trend shaping the automotive HVAC market is a rise in the number of electric cars, resulting in higher demand for more efficient HVAC systems.
Many different techniques are being used to efficiently maintain appropriate temperatures for EV occupants. These include improving integration with overall vehicle thermal management by transporting heat between the battery pack, powertrain, and cabin. Heat pumps, new refrigerants, electric coolant heaters, and other technologies are also incorporated into the mix.
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Automotive Heating, Ventilation, and Air-Conditioning (HVAC) Market Segmentation by Regions
In 2023, Asia-Pacific accounted for the highest share among all the regions
The key regions in the automotive heating, ventilation, and air-conditioning (HVAC) market are Asia-Pacific, Europe, North America, South America, and MEA. The increased need for improved comfort and convenience in automobiles is driving the demand for automotive HVAC systems in Asia-Pacific.
Automotive Heating, Ventilation, and Air-Conditioning (HVAC) Market Analysis by Regions, 2023 (%)
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Automotive Heating, Ventilation, and Air-Conditioning (HVAC) Market – Competitive Landscape
Behr-Hella Thermocontrol (BHTC) and Denso accounted for the highest market share in 2021
A few of the top companies operating in the market are:
- Behr-Hella Thermocontrol (BHTC)
- Denso
- Valeo
- Visteon/HVCC/Hanon
- Marelli Corp (Calsonic Kansei)
BHTC uses the MQB platform (modular cross-brand system) to develop and produce climate control units and parts for a range of different vehicles.
Moreover, the company is taking strategic actions to aid the growth of the automotive safety systems market. In June 2022, BHTC announced that it would open a new manufacturing and R&D center in Pune, Maharashtra.
Automotive Heating, Ventilation, and Air-Conditioning (HVAC) Market Analysis by Companies, 2021 (%)
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Automotive Heating, Ventilation, and Air-Conditioning (HVAC) Market – Latest Developments
A few of the latest developments in the automotive heating, ventilation, and air-conditioning (HVAC) market are as follows:
- 4th October 2023: South Korean automotive thermal and energy management solutions supplier Hanon Systems will open its fourth factory in Loudon County, Tennessee. The new plant intends to provide automakers in North America with its thermal products.
- 28th February 2023: Ford is experimenting with panel heating in electrified vans. Ford of Europe engineers discovered that instead of using HVAC, heating surfaces in EVs, such as mats and door panels, help extend the range.
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Segments Covered in this Report
Automotive Heating, Ventilation, and Air-Conditioning (HVAC) Regional Outlook (Value, Million Units, 2018-2028)
- Asia-Pacific
- Europe
- North America
- South America
- MEA
Scope
- Trends & Drivers: Provides an overview of the current key trends and drivers that will influence the sector’s growth in the future.
- Technological Developments: Provides a detailed overview of technological developments and innovations in the sector.
- PESTER Analysis: Provides a detailed understanding of political, economic, social, technological, environmental, and regulatory factors impacting the sector.
- Sector Forecast: Provides deep-dive analysis of the global market covering volume growth during 2018-2028, and spot estimates for 2023 and 2028. The analysis also covers a regional overview across four regions highlighting sector size and growth drivers.
- Competitive Landscape: Provides an overview of leading component suppliers at a global and regional level, besides analyzing the recent product innovations and key strategic initiatives taken by the companies.
- Patent Analysis: Provides an overview of patent filings in the sector across regions, countries, and top applicants.
Reasons to Buy
- The report provides OEMs and component suppliers’ latest information on market evolution to help formulate sales and marketing strategies.
- The report provides authentic market data with a high level of detail to help gain a competitive edge in the market.
- The report provides its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the sector.
- The report analyzes regions and competitive landscape that can help companies gain insight into the region-specific nuances.
- The report assesses the key trends that drive customer choice and the future opportunities that can be explored in the region. Actionable insights on trends can help companies in revenue expansion.
- The report helps gain competitive intelligence about leading component suppliers in the region with information about their market share and growth rates.
Denso
Valeo
Visteon/HVCC/Hanon
Calsonic Kansei Corporation.
Table of Contents
Table
Figures
Frequently asked questions
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What was the automotive heating, ventilation, and air-conditioning (HVAC) market size in 2023?
The automotive heating, ventilation, and air-conditioning (HVAC) market size was 87.2 million units in 2023.
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What will the automotive heating, ventilation, and air-conditioning (HVAC) market growth rate be during the forecast period?
The automotive heating, ventilation, and air-conditioning (HVAC) market will grow at a CAGR of more than 2% during 2023-2028.
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Which was the leading region in the automotive heating, ventilation, and air-conditioning (HVAC) market in 2023?
Asia-Pacific was leading the automotive heating, ventilation, and air-conditioning (HVAC) market in 2023.
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Which are the key companies in the automotive heating, ventilation, and air-conditioning (HVAC) market?
The key companies operating in the automotive HVAC market are Behr-Hella Thermocontrol (BHTC), Denso, Valeo, Visteon/HVCC/Hanon, and Marelli Corp (Calsonic Kansei).
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