Over the past few years there has been a slow-down in the economic progress across Europe which had a vital impact over the industrial sector of the region. However with the passage of time the automotive industry which shares the maximum industrial segment of the region has shown a substantial growth. The production of the vehicles is increasing steadily and is anticipated to grow at similar rate in the near future. The Europe automotive industry is the well settled sector and highly competitive market with 40 companies offering their products in each of the automobile segment. Demand of premium and luxury cars equipped with fancy features; upgraded technology has always been high in Europe.
Heating Ventilation and Air conditioning System (HVAC) is the technology for indoor and automotive ambient comfort, it also facilitates in managing the pleasant climate inside the cabin by controlling the degree of hotness/coolness. The automotive HVAC systems which were first introduced in 1930s are standard equipment in almost every vehicle in the developed markets as the Europe. 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 declining rate of HVAC system has enabled the OEMs to incorporate them in each segment of the vehicle, thus consumers leverage the advantage in low priced vehicles as well.
The report Europe heating ventilation and air conditioning system covers the major countries of the region 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 Europe heat ventilation and air conditioning market will grow at a CAGR of 5.8% during the period 2013 to 2018 and will reach a value of $ 6.94 billion by 2018. 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 Europe heating ventilation and air conditioning system.
Key question answered
- What are the market estimates and forecasts for the Europe HVAC system market?
- What are the trends based on the key countries of the region?
- Identification of market dynamics and impact of the same on Europe HVAC system market
- Analysis of recent developments, alliances, joint ventures, and mergers & acquisitions in the fuel filter market
Audience for this report
- Manufacturer of Europe HVAC system companies
- Suppliers for fuel filter manufacturers
- Traders, distributors, and suppliers in the Europe HVAC system market
- Automobile associations
- Automotive industry as end user industry
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