About Automotive Air Conditioning-
Automotive air conditioning is the system installed in vehicles to cool and dehumidify the air inside the passenger cabin, providing a comfortable and controlled environment for occupants, especially during hot weather. The automotive air conditioning system operates by compressing and circulating refrigerant gas through a closed-loop system comprising various components such as a compressor, condenser, evaporator, expansion valve, and refrigerant lines. Urbanization and the increasing prevalence of traffic congestion in urban areas have led to higher demand for air conditioning in vehicles. As people spend more time commuting in congested city environments, the need for comfortable and climate-controlled interiors becomes more pronounced. Automotive air conditioning systems also feature the design, development, and adoption of automotive air conditioning systems, driving continuous innovation and improvement in the industry.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 6.6% |
Major players in the sector include established automotive OEMs such as Denso Corporation, Valeo SA, Hanon Systems, Mahle GmbH, and Sanden Holdings Corporation. These companies are known for their extensive experience, global presence, and comprehensive product portfolios encompassing various air conditioning components and systems. Additionally, there is a robust ecosystem of suppliers specializing in compressors, condensers, evaporators, refrigerants, and HVAC controls, supplying components to OEMs and aftermarket channels. The competitive dynamics are shaped by factors such as technological advancements, regulatory compliance, cost competitiveness, and customer preferences. The automotive air conditioning sector is characterized by intense competition, rapid innovation, and a relentless pursuit of excellence to meet the evolving demands of vehicle manufacturers and consumers alike. Analyst at AMA Research estimates that Germany Vendors will contribute the maximum growth to Global Automotive Air Conditioning- market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Denso Corporation (Japan), Hanon Systems (South Korea), Mitsubishi Heavy Industries Ltd. (Japan), MAHLE GmbH (Germany), ContiTech Deutschland GmbH (Germany), Hitachi Astemo Indiana, Inc. (United States), Marelli Corporation (Japan), Motherson (United States), MANN+HUMMEL (Germany) and Robert Bosch GmbH (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Subros Limited (India), Renesas Electronics Corporation (Japan), VALEO SERVICE (France), Eberspächer (Germany) and Axetris AG (Switzerland).
Segmentation Overview
AMA Research has segmented the market of Global Automotive Air Conditioning- market by and Region.
On the basis of geography, the market of Automotive Air Conditioning- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Manual will boost the Automotive Air Conditioning- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Original Equipment Manufacturers (OEMs) will boost the Automotive Air Conditioning- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Vehicle Type, the sub-segment i.e. Passenger Vehicle will boost the Automotive Air Conditioning- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Compressor will boost the Automotive Air Conditioning- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The rising shift towards thermal air conditioning
Market Growth Drivers:
Increasing prioritize comfort and convenience in vehicles and The rapid urbanization and increasing traffic congestion in urban areas
Challenges:
Balancing affordability with advanced features and technology
Restraints:
It requires regular maintenance to ensure optimal performance and longevity
Opportunities:
Growing adoption of air conditioning technologies that comply with regulatory requirements
Market Leaders and their expansionary development strategies
In September 2023, Denso Corporation unveiled an innovative cooling system designed to deliver comfort and energy efficiency even when the engine of a commercial vehicle is not running. This cutting-edge technology enhances the overall user experience while promoting sustainable energy practices
In March 2022, Hanon Systems revealed its plans to inaugurate a new facility in Hubei, China, the company's heightened commitment to serving automakers in the electrified vehicle sector. This new plant will be dedicated to producing heating, ventilation, and air conditioning (HVAC) modules specifically for electrified vehicles, aligning with the industry's shift towards sustainable mobility solutions.
California Air Resources Board (CARB) has approved an update to its regulation governing emissions from refrigerants used in automotive air conditioning system repairs. This update removes the consumer fee associated with canisters and implements a phased transition towards the use of recycled refrigerant.
Key Target Audience
Manufacturers, Sellers and Suppliers, Government Agencies, Regulatory Bodies, Potential Investors, Research and Development Institutes, End User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.