Global Automotive HVAC Market 2020-2025

March 25, 2020
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GLOBAL AUTOMOTIVE HVAC MARKET

INTRODUCTION

HVAC stands for Heating, Ventilation and Air Conditioning. The primary purpose of HVAC is to clean, cool, heat, regulate, ventilate and dehumidify the air entering the cabin. The desire for more comfort and luxury has led to development of climate control system inside an automobile. Major components of an HVAC are compressor, condenser, evaporator, pressure regulating devices, thermal expansion valves, orifice tubes and accumulator. It is now available in most of the high end passenger cars. However, high maintenance cost is restraining its growth.

MARKET SEGMENTATION

By Technology

  • Automatic
  • Manual

By Component

  • Evaporator
  • Compressor
  • Condenser
  • Expansion Valves

By Vehicle Type

  • Passenger Cars
  • Commercial Vehicles

By Geography

  • US
  • Europe
  • China
  • ROW

MARKET DYNAMICS

The demand for thermal system and automatic climate control is driving the global HVAC market. Moreover, the need for eco-friendly refrigerants and coolants will propel the HVAC market.  The rise in demand for thermal comfort and increase in penetration of automatic HVAC expected to propel the HVAC market.

 

MARKET BASED ON THE COMPONENTS

Compressor is the primary component in a HVAC system. The traditional type of compressor was reciprocating type wherein it used to be driven directly by crankshaft of the engine. However, with advancement in technology and rise in EV there has been need for improved compressor and scroll compressors came into market. The development of different components used in HVAC has helped the market grow steadily and will help to expand in future. The below chart depicts the component wise market in HVAC system:

 

Info Graphic: AUTOMOTIVE HVAC MARKET

 

AUTOMOTIVE HVAC MARKET BY TECHNOLOGY

Automatic HVAC System market is expected to grow at rapid rate compared to the manual one. The need for ease in operation and desire for more comfort has directly influenced the automatic HVAC market. These systems require sensors inside the cabin to detect the temperature and outside temperature, so as to function the HVAC accordingly to the comfort of passengers.

Manual HVAC system is mostly found in the entry level budget cars. They consist of lot of knobs and dials to control the air flow and the temperature. It requires human intervention to start and stop the system. The high cost of automatic HVAC has made the auto manufacturers to settle for manual ones for the budget cars.

 

AUTOMOTIVE HVAC MARKET BY VEHICLE TYPE

Commercial vehicles are experiencing steady growth in the HVAC market. The major factors being air quality inside the truck cabin, the need to improve it and to increase the thermal comfort of the driver. Increase in vehicles used by E-commerce and logistics sector is expected boost the HVAC market in commercial vehicles. Also HVAC installation in buses and other public transport systems is anticipated to help increase the HVAC market.

 

Passenger cars accounted for three quarters of the overall revenue of the HVAC market. Over the years air conditioning in a car has become most standard option. Other climate control features are added as a standard feature in luxury and high end SUVs. However, the entry level cars are equipped with at least manual HVAC systems, if not for automatic ones.

 

US AUTOMOTIVE HVAC MARKET

The US automotive HVAC market in second biggest globally. The extreme weather conditions either its summer or winter has been major factor for increased HVAC market in passenger cars. Most of the top selling passenger cars are fitted with automatic HVAC control system in few mid and higher variants.

 

EUROPE AUTOMOTIVE HVAC MARKET

Owing to increase in luxury car sales and extreme cold climate conditions in Europe has been driving the automotive HVAC market. Since German auto makers are the largest manufacturers of premium cars, the European automotive HVAC is expected to gain benefit out of this. Very few of the top selling A segment cars in Europe are equipped with automatic HVAC, most of them come with manual climate control option.

 

CHINA AUTOMOTIVE HVAC MARKET

China is expected to lead the HVAC automotive market. Fastest automobile growing market in China is the reason for this. In China manual air conditioning is mostly found in top selling budget cars. But in premium and SUVs like Haval H6, Volkswagen Lavida automatic air conditioning is found. These premium cars are also incorporated with PM2.5 filter device in the car, absent in budget cars. In Haval H6 temperature zone control is also found, a rarity in the Chinese cars.

 

MARKET SIZE AND FORECAST

Growth in demand for safety, comfort and latest features has led to several technological developments in HVAC. HVAC system contributes to defrosting of windows, demisting windshields and dehumidifying air which improve visibility and safety of passengers. Thus, HVAC by providing safety and favourable conditions inside the cabin is anticipated to propel the automotive HVAC market growth.

The auto manufacturers have been incorporating air purifier for the cabin of the car. Purifiers are integral part of HVAC. The development in this segment is expected to expand the HVAC market globally.

Many manufacturers are striving hard to develop compact and light weight HVAC systems. This will help in less fuel consumption, and help in boosting the HVAC market.

There has been use of passive absorbers in the HVAC system. These absorbers are fitted to reduce the noise generated inside the cabin by these systems. The development in this area of expertise will help increase the HVAC market.

Increase in luxury market share across the globe is another major factor influencing the automotive HVAC market.

 

RECENT PARTNERSHIPS IN AUTOMOTIVE HVAC MARKET

  • Lumax Group has extended its JV with Stanley Electric in HVAC panel products line.
  • BorgWarner announced that it would be supplying advanced cabin heating technology for a new electric vehicle for a global known EV automaker.

 

COMPETITVE LANDSCAPE

The top global automotive HVAC manufacturers are Mahle GmbH (Germany), Hanon Systems (South Korea), Mitsibushi Heavy Industries Ltd (Japan), Denso Corporation (Japan), Johnson Electric (Hongkong),

 

 

COMPANY PROFILE

  1. Denso Corporation
  2. Mahle GmbH
  3. Hanon Systems
  4. Valeo
  5. Mitsibushi Heavy Industries Ltd
  6. Johnson Electric
  7. Calsonic Kansei Corporation
  8. Sanden Corporation
  9. Keihin Corporation
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