- Opportunity and Forecast, 2016-2025
Automotive heating, ventilation, and automotive coatings (HVAC) is a technology used for vehicular and indoor environmental comfort. Thermal comfort and good quality of indoor air is provided in vehicles with the help of HVAC systems, designed based on principles of fluid mechanics, thermodynamics, and heat transfer. These systems can lower air infiltration, offer ventilation, and maintain pressure relationships between spaces. Technological advancements are focused on providing maximum comfort to passengers. Emissions from vehicle are also taken into consideration while designing automotive HVAC systems to reduce global warming along with comfort and safety of the driver and passengers.
Growth in automotive industry, rise in purchasing power, and growth in penetration of HVAC systems fuel the growth in the global automotive HVAC market. Whereas, performance issues and stringent government regulations limit the growth in the market. On the other hand, technological innovations, changing customer preferences, and growth in motor vehicle production create new avenues in the industry. The global automotive HVAC market is segmented based on application, technology, and geography. Based on application, the market is divided into LCVs, HCVs, and passenger vehicles. Technology segment is sub-segmented into manual and automatic. Regionally, the market is divided into North America, Asia-Pacific, Europe, Latin America, Middle East, and Africa.
Key vendors operating in the global automotive HVAC market are Air International Thermal Systems (AITS), Brose Fahrzeugteile GmbH & Co. KG, Calsonic Kansei, Delphi Automotive, DelStar Technologies, Inc., Denso Corporation, Engineered Plastic Components, Hanon Systems, and others. These key vendors have adopted strategies, such as merger & acquisition, new product launches, collaborations, expansion, partnerships, joint ventures, and others to strengthen their position in the global industry.
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