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Automotive HVAC Market Size Growing at 6.1% CAGR Set to Reach 86,075 Million By 2030

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TOKYO, Feb. 16, 2023 (GLOBE NEWSWIRE) — The Global Automotive HVAC Market Size accounted for USD 51,478 Million in 2021 and is estimated to achieve a market size of USD 86,075 Million by 2030 growing at a CAGR of 6.1% from 2022 to 2030.

Automotive HVAC Market Research Report Highlights and Statistics

  • The Global Automotive HVAC Market Size in 2021 stood at USD 51.478 Billion and is set to reach USD 86.1 Billion by 2030, growing at a CAGR of 6.1%
  • The demand for Automotive HVAC Systems is expected to increase significantly due to the growing need for enhanced comfort and convenience in vehicles.
  • The growth of the electric vehicle market is also expected to drive the demand for HVAC systems that can effectively manage the thermal load of these vehicles.
  • The Asia-Pacific region is expected to be the largest market for automotive HVAC systems, driven by the high demand for vehicles in countries such as China, India and countries in SouthEast Asia.
  • Some of the key players in the automotive HVAC market include Sanden Holdings Corporation, Denso Corporation, Hanon Systems, Calsonic Kansei Corporation, and Valeo S.A.

Automotive HVAC Market Overview

The Automotive HVAC Market is a dynamic and rapidly growing industry that encompasses a diverse range of innovative technologies and applications. These systems are designed to provide climate control within vehicles, ensuring maximum comfort and convenience for passengers. With the rise in global temperatures and increased awareness of energy-efficiency, the demand for advanced HVAC solutions has surged.

Key applications of automotive HVAC systems include cabin air filtration, air distribution, thermal management, and refrigerant management. These systems employ cutting-edge technologies such as variable refrigerant flow (VRF), micro-channel heat exchangers, and electronic expansion valves to achieve optimal temperature control and energy efficiency.

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The integration of advanced features such as automatic climate control, touchscreens, and smartphone connectivity has further fueled the growth of the automotive HVAC market. As the trend towards electric vehicles gathers pace, the demand for HVAC solutions that can effectively manage the thermal load of these vehicles is also increasing.

The automotive HVAC market comprises a host of prominent players, each offering unique and innovative products to meet the demands of an increasingly discerning consumer base. The market is further poised for growth as the demand for HVAC solutions continues to rise in emerging markets such as Asia-Pacific and the Middle East.

Having a diverse range of innovative applications and a commitment to energy-efficiency, the market for Automotive HVAC is set to drive the evolution of climate control systems in vehicles for years to come.

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Automotive HVAC Market Report Coverage:

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Market Automotive HVAC Market
Automotive HVAC Market Size 2021 USD 51,478 Million
Automotive HVAC Market Forecast 2030 USD 86,075 Million
Automotive HVAC Market CAGR During 2022 – 2030 6.1%  
Automotive HVAC Market Analysis Period 2018 – 2030
Automotive HVAC Market Base Year 2021  
Automotive HVAC Market Forecast Data 2022 – 2030
Segments Covered By Vehicle Type, By Technology, And By Geography
Automotive HVAC Market Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled Valeo Group, Hanon Systems, Brose Fahrzeugteile GmbH & Co. Kg, Air International Thermal Systems, Sanden Holdings Corporation, Calsonic Kansei, DelStar Technologies, Engineered Plastic Components, Denso Corporation, Mahle Behr GmbH, Sensata Technologies, Japan Climate Systems Corporation, and Johnson Electric.
Report Coverage Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

Trends in the Automotive HVAC Market

  • Electric vehicle integration: The increasing popularity of electric vehicles is driving the demand for HVAC systems that can effectively manage the thermal load of these vehicles.
  • Smart HVAC systems: The integration of smart technologies, such as touchscreens, smartphone connectivity, and artificial intelligence, is expected to drive the growth of the HVAC market.
  • Increased focus on energy-efficiency: The focus on reducing carbon emissions and improving energy-efficiency is driving the development of advanced HVAC systems that are more energy-efficient.
  • Demand for cabin air filtration: The growing awareness of air pollution is driving the demand for advanced cabin air filtration systems.
  • VRF technology: The use of variable refrigerant flow (VRF) technology is expected to become more widespread, as this technology allows for optimal temperature control and energy efficiency.
  • Increased use of electronic expansion valves: The use of electronic expansion valves is expected to increase, as these valves offer improved energy efficiency and temperature control compared to traditional mechanical valves.

Automotive HVAC Market Dynamics

  • Advancements in refrigerant management: The automotive HVAC market is seeing an increase in the development of advanced refrigerant management systems that are more energy-efficient and environmentally friendly.
  • Integration of climate control systems: The integration of climate control systems with other vehicle systems, such as the infotainment system, is expected to become more widespread.
  • Micro-channel heat exchangers: The use of micro-channel heat exchangers is expected to become more widespread, as these systems are more compact, lighter, and more energy-efficient than traditional heat exchangers.
  • Growth of the aftermarket: The aftermarket for automotive HVAC systems is expected to grow, as consumers look to upgrade or replace their existing systems.
  • Growing demand for eco-friendly solutions: The demand for eco-friendly HVAC solutions, such as natural refrigerants, is expected to increase as consumers become more environmentally conscious.
  • Increased focus on lightweight materials: The use of lightweight materials, such as aluminum and plastic, is expected to increase in the automotive HVAC market as companies look to reduce vehicle weight and improve fuel efficiency.
  • Increasing demand for comfort and convenience: The growing demand for comfort and convenience in vehicles is driving the demand for advanced HVAC systems.

Growth Hampering Factors in for Automotive HVAC Market

  • Slowdown in the Automobile Sector due to economic downturns like recession and high inflation.
  • Challenges associated with natural refrigerants: The challenges associated with natural refrigerants, such as their flammability and high cost, can impact the growth of the market.
  • Competition from aftermarket solutions: Competition from aftermarket solutions can limit the growth of the market, as consumers may opt for these cheaper solutions instead of purchasing advanced HVAC systems.
  • Supply chain limitations: The limited supply chain for some components can impact the production of HVAC systems, hindering market growth.
  • Technical limitations: Technical limitations, such as the size and weight of components, can impact the design and functionality of HVAC systems, hindering market growth.
  • Slow adoption of electric vehicles: The slow adoption of electric vehicles can impact the demand for HVAC systems, as these vehicles require different types of HVAC systems compared to conventional vehicles.
  • High cost of components: The high cost of HVAC components can make it difficult for consumers to afford advanced systems, which can impact market growth.

Check the detailed table of contents of the report @

https://www.acumenresearchandconsulting.com/table-of-content/automotive-hvac-market

Market Segmentation

By Vehicle

  • Passenger Vehicles
  • HCVs
  • LCVs

By Technology

  • Manual
  • Automatic

Automotive HVAC Market Overview by Region

The Asia-Pacific region’s Automotive HVAC Market share is the highest globally and is rapidly growing, driven by the growth of the automotive industry and a large consumer base in countries such as China and India. The region is also home to many emerging automakers and suppliers, who are investing in the development of advanced HVAC systems.

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North America’s automotive HVAC market share is also huge and is driven by the presence of major automakers and a large consumer base. The US is a major contributor to market growth, with a well-established automotive industry and a high demand for advanced HVAC systems.

Europe is another key market for automotive HVAC, driven by the presence of leading automakers and a strong consumer base. The EU’s strict regulations regarding the use of refrigerants, such as the F-gas regulation, have led to an increased demand for alternative refrigerants, driving market growth.

The South American and MEA regions have a smaller automotive HVAC market share but we are anticipating to see significant growth in the coming years.

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https://www.acumenresearchandconsulting.com/buy-now/0/1000

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Automotive HVAC Market Key Players

The Automotive HVAC Market is very competitive, with a large number of players operating in the market. Some of the key players in the market include Denso Corporation, Hanon Systems, Valeo, Sanden Holdings Corporation, Delphi Technologies, Mahle GmbH, Keihin Corporation, Johnson Controls, Calsonic Kansei North America, Inc., Panasonic Corporation, MAHLE Behr GmbH & Co. KG, Eberspächer Climate Control Systems GmbH & Co. KG, Japan Climate Systems Corporation,Air International Thermal Systems, Climaterics Engineering, BorgWarner Inc., and Delphi Automotive LLP. These companies offer a wide range of automotive HVAC products and solutions, and compete on factors such as technology, quality, and price.

Browse More Research Topic on Automotive Related Reports:

The Global Vehicle Analytics Market Size accounted for USD 2.0 Billion in 2021 and is projected to achieve a market size of USD 14.5 Billion by 2030 rising at a CAGR of 24.9% from 2022 to 2030.

The Global Automotive Human Machine Interface Market Size accounted for USD 17.1 Billion in 2021 and is projected to achieve a market size of USD 48.3 Billion by 2030 rising at a CAGR of 12.4% from 2022 to 2030.

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The Global Smart Mobility Market is expected to grow at a CAGR of around 20.5% from 2020 to 2027 and expected to reach the market value of around USD 70.5 Billion by 2027.

About Acumen Research and Consulting:

Acumen Research and Consulting is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact-based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.

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Artificial Intelligence

TraceLink Releases Amadeus, the First Generative AI Assistant for Accelerating the Digitalization of Supply Networks on the Opus Platform

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Trained on a rich set of information from a unified content repository, Opus Orchestration Architects, Solution Designers, Network Administrators, and those simply interested in learning more about TraceLink’s solutions are empowered with information in seconds
BOSTON, Oct. 1, 2024 /PRNewswire/ — TraceLink, the largest end-to-end digital network platform for intelligent orchestration of the supply chain, today announced the launch of Amadeus, an AI Assistant to help users across the supply chain configure and optimize supply networks. Powered by advanced Large Language Model (LLM) algorithms, Amadeus allows users to find answers across a large volume of the TraceLink University educational content ecosystem, including developer resources, educational “how-to” materials, and technical documentation, delivering detailed, accurate responses tailored to their needs.

Whether navigating through extensive resources, searching for specific content, or exploring related topics, Amadeus provides intelligent answers drawn from a knowledge base refreshed on a daily basis. Its advanced search capabilities and context-aware assistance with source URL and citations ensure a smooth, reliable, current, and efficient content discovery process. With instant access to TraceLink University documents, educational whitepapers, case studies, and more, Amadeus delivers quick, within-seconds responses tailored to specific customer use cases, helping users solve complex business problems with confidence.
“With Amadeus, we are offering a powerful way for customers to engage with the wealth of knowledge within TraceLink University,” said Shabbir Dahod, President and CEO at TraceLink. “By integrating generative AI and LLMs with our extensive content library, Amadeus helps users to quickly find the information they need to optimize their supply chain operations. This is just the beginning of how TraceLink aims to harness AI to further transform supply chain management in the future.”
Amadeus’ AI functionality is further enriched by its robust safeguards. Built-in guardrails and alignment with OpenAI’s safety protocols verify that responses are relevant and accurate, eliminating AI hallucinations and keeping users on track. With these AI safety features built into Amadeus, users receive the most applicable and trusted answers, helping them make informed decisions in real-time. Looking forward, Amadeus will securely integrate content from customers’ own orchestration networks, thereby enabling a powerful AI-driven experience on top of end-to-end supply chain network intelligence to leverage predictions to drive business results.
Learn more about TraceLink’s Opus Magnum release, the only no-code network digitalization platform designed to democratize access to end-to-end supply chain integration and orchestration.
See Opus Magnum live at FutureLink Barcelona 2024, the only thought-leadership, education, and networking event for life sciences and healthcare leaders needing critical intelligence and better collaboration across supply chain relationships, from October 2-4, 2024. With keynotes headlined by the industry’s top thought leaders, a full day of TraceLink University educational sessions, three orchestration tracks led by customers and solution partners, and an immersive product and solution exhibition, this year’s FutureLink will focus on the end-to-end digitalization of your supply chain to link your enterprise systems and processes to the network. Register now.
About TraceLink:
TraceLink Inc. is the largest end-to-end intelligent supply chain platform for life sciences and healthcare, enabling end-to-end orchestration by connecting more than 291,000 healthcare and life sciences entities through its B2N Integrate-Once™ network. Leading businesses trust TraceLink to deliver complete global connectivity, visibility, and traceability of healthcare products, ensuring that every patient gets the medicines they need when needed, safely and securely.
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Artificial Intelligence

ResourceWise Launches Forest Trackt™: A Comprehensive Solution for EUDR Compliance

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CHARLOTTE, N.C, Oct. 1, 2024 /PRNewswire/ — ResourceWise®, a leading provider of pricing, market intelligence and sustainability solutions, is proud to announce the launch of Forest Trackt™, an end-to-end compliance solution designed to help companies adhere to the European Union Deforestation Regulation (EUDR). This innovative technology is set to transform how businesses demonstrate supply chain transparency.

Forest Trackt integrates advanced technology, including automated geo-location of source coordinates, machine learning, and advanced algorithms, to enable businesses to trace the origins of wood-based commodities accurately. Forest Trackt enhances transparency across the supply chain, providing a robust framework for meeting the stringent requirements of the EUDR.
Key features of Forest Trackt include:
Geo-Location Data Acquisition: Employs the user-friendly ForestLogger mobile app to collect precise geo-location data with no cellular connection. This ensures accurate and efficient data gathering and polygon definition, even in remote areas.Point-to-Polygon JSON Files: Automates the creation of required geo-location data files to comply with EUDR. One significant challenge for EUDR compliance is the requirement to provide vast amounts of geo-location data. Forest Trackt replaces manual data entry, reducing cost and errors while providing more accurate data and ensuring full traceability of wood-based products.Predictive Risk Assessment: Offers multi-factor risk assessment to pre-qualify tracts, conduct the required risk assessment, and demonstrate a robust risk management program as required by EUDR.Tokenization System: Tracks wood-based raw materials from the forest through the supply chain to the end product and market, solving the many-to-many problem of forest and sawmill residuals.Centralized Data Package Delivered to the EU: Transfers all data from a centralized database to the EU via API.Forest Trackt is engineered to streamline compliance, minimizing manual workload while maximizing compliance accuracy and assuring audit readiness. Businesses that adopt this solution can look forward to increased efficiency and reduced risk of non-compliance penalties, thus future-proofing themselves against evolving regulatory landscapes.
“The penalties for failing to comply with EUDR are steep. For example, US manufacturers of pellets, pulp, paper, and lumber have roughly $4 billion in revenue at risk. At ResourceWise, we recognize the challenges companies face in implementing transparency standards,” said Pete Stewart, CEO of ResourceWise. “With Forest Trackt, we aim to simplify compliance processes and empower businesses to achieve their sustainability goals with confidence and ease.”                                                                             
“The regulatory environment for the forest products industry is becoming more complex,” said Stewart. “With the launch of Forest Trackt, ResourceWise continues its commitment to helping those in the forest products industry meet their financial and sustainability goals.”
For more information about Forest Trackt and how it can benefit your business, visit www.resourcewise.com/foresttrackt.
Contact:
Suz-Anne KinneyVice President, MarketingResourceWisePhone: +1 704 451 7312Email: [email protected]
About ResourceWise:
ResourceWise is a commodity price reporting agency with proprietary datasets and deep expertise in forest products, biofuels and low-carbon feedstocks, biomaterials, and chemicals industries. We help our customers make better decisions by providing accurate data and analytics, which we supplement with strategic consulting. Because our markets are energy-intensive, we use our data and expertise to help our customers identify and navigate decarbonization pathways and industry-related regulatory requirements. 
ResourceWise legacy companies include Chemical Intelligence, Fisher International, Forest2Market, Prima Markets, Tecnon OrbiChem, and Wood Resources International.  

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Artificial Intelligence

VIPRE Introduces All-in-one Endpoint EDR+MDR Package to Help Deliver Around-the-clock Managed Security

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Simplified, cost-effective package empowers Managed Service Providers to enter the endpoint MDR market.
LONDON, Oct. 1, 2024 /PRNewswire/ — VIPRE Security Group, a global leader and award-winning cybersecurity, privacy, and data protection company, today launched a new combined VIPRE Endpoint EDR+MDR package. This single, simplified, and streamlined managed protection package provides organisations of all sizes with cost-effective, advanced, and around-the-clock endpoint security. For managed service providers (MSPs), this solution provides a genuine opportunity for portfolio expansion to offer Managed Detection & Response (MDR) services to customers.

With this powerful all-in-one VIPRE Endpoint EDR+MDR solution, organisations receive top-tier Endpoint Detection & Response (EDR) capabilities, such as threat detection, DNS protection, ransomware rollback, patch, and vulnerability management — alongside a fully managed threat incident response led by an experienced forensics team. This includes 24x7x365 coverage backed by stringent service level agreement guarantees, managed containment and remediation, threat hunting and forensic analysis, and more.
“This new packaged solution directly addresses the security and budgetary challenges identified by our customers and MSP channel partners,” Usman Choudhary, General Manager and CTPO at VIPRE Security Group, elaborated. “The security landscape is complex and challenging. Organisations face escalating threats while dealing with budget limitations. The need for continuous, advanced threat monitoring and remediation strains both security teams and financial resources. Our integrated EDR and MDR solution addresses these challenges cost-effectively, while also reducing the overall total cost of ownership of these solutions.”
“Similarly, many MSPs find it difficult to supplement their EDR offerings with MDR services, which demand specialised cybersecurity expertise. Our new package enables MSPs to enter the MDR market efficiently, enabling them to meet clients’ evolving security needs without the substantial investment of building an in-house MDR team.”
Both VIPRE solutions, EDR and MDR, will also remain available individually.
About VIPRE Security Group
VIPRE Security Group, part of Ziff Davis, Inc., is a leading provider of internet security solutions purpose-built to protect businesses, solution providers, and home users from costly and malicious cyber threats. With over 25 years of industry expertise, VIPRE is one of the world’s largest threat intelligence clouds, delivering exceptional protection against today’s most aggressive online threats. Our award-winning software portfolio includes next-generation antivirus endpoint cloud solutions, advanced email security products, along with threat intelligence for real-time malware analysis, and security awareness training for compliance and risk management. VIPRE solutions deliver easy-to-use, comprehensive layered defense through cloud-based and server security, with mobile interfaces that enable instant threat response. VIPRE is a proud Advanced Technology Partner of Amazon Web Services, operating globally across North America and Europe.
The group operates under various brands, including VIPRE®, StrongVPN®, IPVanish®, Inspired eLearning®, Livedrive®, and SugarSync®. www.VIPRE.com
 

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