Overview and Scope
Automotive HVAC refers to the technology for indoor and automotive ambient comfort, which is known as heating, ventilation, and air conditioning (HVAC). The three subsystems, such as heating, cooling, and air conditioning, work together to ensure that users are provided with clean air through ventilation. It also regulates the temperature of the air, inspects the moisture content of the air, and removes excess humidity from the circulating air. It is used to regulate the temperature and climate of the vehicle.
Sizing and Forecast
The automotive hvac market size has grown strongly in recent years. It will grow from $51.88 billion in 2023 to $56.29 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to global automotive production, global warming concerns, rise in demand for energy efficacy, rise in demand for commercial vehicles.
The automotive hvac market size is expected to see strong growth in the next few years. It will grow to $77.05 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to rising electric and hybrid vehicles, growing autonomous vehicles, emerging markets growth, increasing research and development activities, rising disposable income. Major trends in the forecast period include smart and connected hvac, thermal comfort solutions, cabin sensing and ai, multi-zone hvac, green and eco-friendly hvac:.
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/automotive-hvac-global-market-report
Overview and Scope Automotive HVAC refers to the technology for indoor and automotive ambient comfort, which is known as heating, ventilation, and air...
The Automotive Trailer Market size, as per Next Move Strategy Consulting, is predicted to reach USD 32.45 billion by 2030 at a CAGR of 3.5%.
We are an automotive digital marketing agency offering: SEO, FB ads & PPC to help your car dealership business grow
Experience automotive excellence at Shreyash Automotives, the leading Baleno Car Dealer in Mayapuri New Delhi. We offer a wide range of Nexa vehicles,...
More Details