Market Research Future published report on “Global Automotive HVAC Market Research Report - Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

The global automotive HVAC (heating, ventilation, and air conditioning) market is projected to expand at a 9% CAGR (2018 to 2023), as per a new report by Market Research Future (MRFR). Increasing demand for thermal systems and automatic climate control features in the automobiles, usage in personal automobiles particularly in the urban sector, and also global warming and climate changes drive the automotive HVAC market. Rise in temperatures worldwide are leading to greater demand for ambient temperatures inside cars. Additionally, increasing awareness regarding the use of environment-friendly refrigerants and automotive coolants in HVAC systems can drive demand for advanced and technically evolved HVAC systems, hence increasing their sales.

There are several factors responsible for the growth of the global automotive HVAC market. Firstly, there is an increasing demand for thermal systems and automatic climate control features in the automobiles. Secondly, people travel in their personal automobiles for long distances in the urban sector, and hence the need for HVAC is higher. Thirdly, due to the global warming and climate change, global temperatures are rising, which leads to greater demand for ambient temperatures inside the automobile. Additionally, the awareness regarding the use of environment friendly refrigerants and automotive coolants in HVAC system leads to the demand for advanced and technically evolved HVAC systems, thus increasing their sales. All these reasons justify the consistent expected growth of the global automotive HVAC market, which is expected to expand at a 9% CAGR (2018 to 2023).

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The key players in global automotive HVAC market are Valeo (France), Denso Corporation (Japan), Hanon Systems (South Korea), Sensata Technologies (U.S.), The Keihin Corporation (Japan), and Calsonic Kansei Corporation (Japan) and others.

These players focus on developing cost-effective and energy efficient HVAC systems that comply with enacted green energy regulations. Augmenting business through strategic partnerships and acquisition is one of the major strategies adopted by the manufacturers. Moreover, these companies offer high-quality post-sales services which is required to sustain in the automotive HVAC market since customers ideally opt for the repair service than new installations. Well-established companies incorporate acquisitions, collaborations, partnerships, expansions, and product launches in order to gain a competitive edge in this market and to maintain and strengthen their market position.

Industry Developments

Tesla has applied for an international patent for a gesture-controlled HVAC system that made for an upcoming Model S and Model X refresh. A similar HVAC control system was developed by Tesla in its compact electric sedan, the Model 3. This HVAC system allows passengers to customize the airflow within the vehicle according to passenger preferences. Tesla’s air vent system requires less hardware and thus minimizes the need for multiple suppliers. Using a simpler design, Tesla’s thinner HVAC system can efficiently utilize space in the dashboard, and provide a much more expansive interior feel. Such a system would provide drivers better road visibility.

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