Global Heating, Ventilation and Air Conditioning (HVAC) System Market
- Report Code: AU 1055
- Publish Date: Upcoming
The transformation in automobile industry since late 90’s has given a new face to the sector. The rising competition with the increasing demand of vehicles around the world has pushed automakers to update their portfolios at very short interval of time according to the consumer preference. With the increasing technology and demand new systems are being developed, OEMs are emphasizing to introduce the systems that provide comfortable and safety drive to its consumers in each segment of automobiles. The present generation of vehicle comes equipped with many features which differ in functions performed, cost and application of the system making their vehicle very comfortable to use.
Heating Ventilation and Air conditioning System (HVAC) is the technology for indoor and automotive ambient comfort. It helps in managing the climate inside the cabin by controlling the degree of hotness/coolness. HVAC was first introduced in the automobiles in early 1960s and is available in most of the vehicles today. In regions, such as Europe and America, the HVAC system in the automobiles are famous from early times; however the demand of more comfort and safe drive has added features to the system and the study shows the growing demand of vehicles equipped with HVAC system. At present Asia-Pacific is the evolving as the land of opportunities in the automobile sector. The strong economic conditions leading to the expansion of middle class population and increasing purchasing power of the consumers has accelerated the demand of vehicles production in Asia-Pacific, which is driving the demand of HVAC in the region. The home to some of the largest automobile producing countries in the world such as China and Japan the region Asia-Pacific has been super heading the automobile industry since last few years and the from the study it is anticipated that the region will continue to lead the market in the near future.
The report global heating ventilation and air conditioning system covers the global market of the regions – Asia-Pacific, Europe, North America and is further segmented based on technology (Automatic and Manual) and components (compressor, heating exchanging equipment, receiver/dryer and expansion valve). The study shows that the global heat ventilation and air conditioning market will grow at a CAGR of 8.3% during the period 2013 to 2018 and will reach a value of $ 38.85 billion by 2018. The growing popularity of HVAC system among consumers globally will drive the market in the future taking it to the new heights where low level vehicles will also be equipped with this system or will be evolved as the standard equipment in the coming years. Further the report gives a technological overview gives new technologies being used to develop the heating ventilation and air conditioning system. The report includes the company profile of key market players in the field of heating ventilation and air conditioning system. It covers qualitative data providing a comprehensive review of major market drivers, restraints and opportunities, winning imperatives and key burning issues in automotive global heating ventilation and air conditioning system.
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Americas HVAC System Heating Ventilation and Air conditioning System (AMERICAS) is the technology for indoor and automotive ambient comfort, it also facilitates in managing the pleasant climate and restricts the entry of dirt inside the cabin. The consumers in the region are health conscious and are prone to illness, thus demand for the vehicles equipped with AMERICAS system. The North America automotive AMERICAS market is estimated to grow at a CAGR of 8.2% during 2013 to 2018 reaching a value of $9.99 billion by 2018 |
Upcoming |
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Asia HVAC System The strong economic conditions leading to the expansion of middle class population and increasing purchasing power of the consumers has accelerated the demand of vehicles production in Asia, which is driving the demand of HVAC in the region. The Asian automotive HVAC market is estimated to grow at a CAGR of 9.4% during 2013 to 2018 generating a revenue of $20.78 billion by the end of 2018. |
Upcoming |
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Europe HVAC System The growing time which the people spend in vehicles these days demands the high comfort ability; also the health and safety regulations imposed by the government in the region are driving factors of the Europe heating ventilators and air conditioning market. The Europe automotive HVAC market is estimated to grow at a CAGR of 5.8% during 2013 to 2018 reaching a value of $6.94 billion by 2018. |
Upcoming |
