Heating, ventilation and air conditioning (HVAC) systems are meant for ensuring proper ventilation and air conditioning within a vehicle. Such a system provides good air quality within the vehicle and makes the environment comfortable for the driver and co-passengers. There are two different types of air conditioning system used in the automotive industry such as the expansion valve system and the fixed orifice tube system. 

The components of an automotive air conditioning unit includes compressor, condenser, evaporator, pressure regulating devices, orifice tube, thermal expansion valve, receiver-drier and accumulator. The compressor is considered the heart of automobile HVAC system. It is a pump which is belt driven and attached to the engine. 

Market Segmentation

By application, the market can be segregated as passenger vehicles, light commercial vehicles and heavy commercial vehicles. By geography, the market can be segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Request Sample to Know Advanced Technologies & Growth Opportunities in Global Industry

Market Drivers

Increasing demand for passenger vehicles and the requirement for air conditioning systems under extreme weather conditions are the major driving forces for the global automotive HVAC system market. In addition, economic reforms in developing countries, growth in the global automotive sector and rising private equity investments in automotive HVAC system manufacturing companies across the world is set to influence the growth of this market positively.

Moreover, increasing production of vehicles is also set to bolster the growth of this market globally. In terms of market revenue share, Asia Pacific is expected to hold the largest share by the end of forecast period followed by Europe, North America, Latin America and, Middle East and Africa.

Get TOC of This Report @

https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=25682

The report also provides company market share analysis of the various industry participants. Acquisition is the main strategy being widely followed by leading market players. In case of an acquisition, the acquirer takes advantage of existing synergies. As a result, both companies are expected to emerge more profitable and stronger than before. Key players in the global automotive HVAC system market have been profiled and their company overview, financial overview, business strategies and recent developments have been covered in the report.

Major market participants profiled in this report include: Brose Fahrzeugteile GmbH & Co. Kg, Air International Thermal Systems, Calsonic Kansei, Denso Corporation, DelStar Technologies, Engineered Plastic Components, Hanon Systems, Japan Climate Systems Corporation, Mahle Behr GmbH, Johnson Electric, Sanden Holdings Corporation, Valeo Group and Sensata Technologies among others.