The
worldwide Automotive
HVAC market is anticipated to reach around USD 31,907
million by 2026 according to a new research published by Polaris Market
Research. The passenger car dominated the global automotive HVAC market in
2017. In 2017, Asia-Pacific accounted for the majority share in the global
Automotive HVAC market.
The
significant increase in demand for passenger and commercial vehicles, and
growth in global automotive industry boosts the demand for automotive HVAC. The
demand for luxury and comfortable vehicles has increased significantly,
especially from the emerging economies. Consumers prefer comfortable and
enhanced driving experience, which boosts the automotive HVAC market. The
increasing awareness among consumers regarding use of eco-friendly products
coupled with rising demand for environment friendly refrigerants has encouraged
market players to launch efficient automotive HVAC systems. New emerging
markets, emerging consumer demographics, and stringent government regulations
would provide growth opportunities for Automotive HVAC market in the coming
years.
Sample Copy of Report @ https://www.polarismarketresearch.com/industry-analysis/automotive-hvac-market/request-for-sample
In 2017,
Asia-Pacific accounted for the highest share in the global Automotive HVAC
market. The growing demand for automobiles in the region, established
automotive industry, and technological advancements would accelerate the demand
for automotive HVAC systems during the forecast period. The governments in the
region have introduced stringent regulations regarding vehicular emissions and
safety owing to environmental concerns. The increasing economic growth, and
increasing demand from countries such as China and India further increases the
adoption of automotive HVACs in the region. Expansion of global players into
these countries to tap market potential boosts the market growth. The
increasing environmental concerns have resulted in increased adoption of
environment friendly refrigerants in the region. The adoption of geo-thermal
heat pumps further supports the market growth in the region.
The
well-known companies profiled in the report include Sensata
Technologies, Inc., Valeo S.A., Air International Thermal Systems, Delphi
Automotive Plc, Johnson Electric Holdings Ltd., Sanden Corporation, Visteon
Corporation, Xiezhong International Holdings Ltd., Brose Fahrzeugteile GmbH
& Co. Kg, and Mahle Behr GmbH. These companies launch new products and
collaborate with other market leaders to innovate and launch new products to
meet the increasing needs and requirements of consumers.
Else place
an Inquire before Purchase @ https://www.polarismarketresearch.com/industry-analysis/automotive-hvac-market/inquire-before-buying
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Research
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