Automotive HVAC Market Future Trend and Growth Opportunities by 2025
The automotive HVAC market will subsequently benefit from the increased demand for luxury cars and improved comfort features in low-priced cars as well as commercial vehicles. Introduction of automated systems in cars to control temperature and cooling functions will greatly transform the automotive HVAC industry dynamics.
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Increase in the purchasing power of consumers has significantly propelled the automotive HVAC market revenues worldwide, as vehicle sales have been rising every year and creating massive opportunities for businesses associated with vehicle manufacturing. The International Organization of Motor Vehicle Manufacturers (OICA) had reported that in the year 2017, more than 96.8 million vehicles had been sold globally, which was approx. 2.9 million more as compared to 2016. These figures represent the gradual development of the auto manufacturing segment, which has been supported by consistent innovations in production process and in-vehicle technologies.
Essentially, automatic climate control systems have been designed to allow drivers to maintain a desired temperature level throughout the ride, without the need to constantly adjust any settings. Sensors help the system to determine existing conditions and make heating or cooling changes by itself, enhancing the conform and driving experience. Innovative features like dual-zone and tri-zone automatic control have also advanced the automotive HVAC market to a great extent. These systems enable the driver and passengers in a vehicle to maintain different temperature levels in different sections, in the front as well as in the back of the cabin.
According to the OICA, 16% of the global man-made CO2 emissions result from road transport, which justifies the tremendous amounts of investments being directed towards commercializing EV technology and advancing hybrid vehicle production. Generally, heat dissipated from the engine of a vehicles is utilized to control the temperatures in the cabin, making it difficult to easily provide heat in EVs, as they do not have a combustion engine. Several solutions have been suggested by experts, institutes and government agencies to overcome these difficulties for ensuring a fast-paced growth of the EV industry. The automotive HVAC market will consequently need to evolve for meeting the future requirements of zero-emission vehicles.
Elaborating on the study, on of the vehicles was modified with a range of components for reducing climate control load, such as solar reflective glass, solar reflective paint, electrically-heated windshield and heated surfaces around the driver. The heated windshield was found to clear ice in 6 mins using only 0.1 kWh electricity and reached occupant comfort in only 15 mins. In comparison, the unmodified vehicle cleared ice in 19 mins by utilizing 2.6 kWh of power and reached occupant comfort in 29 mins. In a further study conduct using the vehicles at Hyundai’s premises, the modified Sonata exhibited a 11.4% increase in range and 23.7% decrease in energy usage by the HVAC system. The study indicates the importance of further developing the automotive HVAC market and the remarkable prospects it holds in expanding the sustainability of EVs.
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Some Point from Table of Contents:
Chapter 5. Automotive HVAC Market, By Vehicle Type
5.1. Key trends in automotive HVAC industry, by vehicle type
5.2. Passenger cars
5.2.1. Market estimates and forecast, 2015 - 2025
5.3. LCVs
5.3.1. Market estimates and forecast, 2015 - 2025
5.4. HCVs
5.4.1. Market estimates and forecast, 2015 - 2025
Chapter 6. Automotive HVAC Market, By Component
6.1. Key trends in automotive HVAC industry, by component
6.2. Compressor
6.2.1. Market estimates and forecast, 2015 - 2025
6.3. Heat exchanging equipment
6.3.1. Market estimates and forecast, 2015 - 2025
6.4. Expansion device
6.4.1. Market estimates and forecast, 2015 – 2025
6.5. Receiver/drier
6.5.1. Market estimates and forecast, 2015 – 2025
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