The global market for automotive HVAC (Heating, Ventilating, and Air Conditioning) was estimated at USD 12 billion in 2015 and is anticipated to grow at a CAGR of over 8 % over the forecast period (from 2016 to 2024). The growing production of the passenger vehicles along with the rising income levels is projected to augment the global market growth over the next few years.
Improved lifestyles and rising customer awareness about the energy-efficient products are projected to ... Read more