LONDON--(EON: Enhanced Online News)--Technavio analysts forecast the global automotive heating, ventilation and air conditioning (HVAC) market to grow at a CAGR of close to 9% during the forecast period, according to their latest report.
“HVAC systems are an essential part of the automotive thermal system. Therefore, the demand for automotive thermal systems directly influences market demand for automotive HVAC systems”
The research study covers the present scenario and growth prospects of the global automotive HVAC market for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the market. The report further outlines the challenges faced by vendors and identifies the key trends that are emerging in the market.
“Automotive HVAC systems are adopted in both the passenger car and the commercial vehicle segment due to the need for passenger comfort amidst sudden climate changes. Another aspect pushing the adoption of such systems is the effort from market players to reduce the price of the systems. Such developments help to push OEMs to adopt automotive HVAC systems in low cost vehicle segments in emerging countries,” says Siddharth Jaiswal, a lead analyst at Technavio for automotive electronics research.
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Technavio automotive analysts highlight the following three factors that are contributing to the growth of the global automotive HVAC market:
- Reduction in car emission by using automatic HVAC
- Increased long distance travelling boosts demand for comfort technologies like HVAC
- Growing popularity of automotive thermal system is pushing adoption of HVAC
Reduction in car emission by using automatic HVAC
The push for efficiency compelled the automotive industry to shift from manual HVAC systems to automatic HVAC systems in the recent past. Hence, automatic HVAC systems dominated the automotive HVAC market in 2015, and they are expected to consolidate their position during the forecast period.
Further developments in the HVAC systems such as the shift from operating the metal–oxide–semiconductor field-effect transistor (MOSFET) in linear mode to pulse width modulation (PWM) mode to control the speed of motor will further increase efficiency and reduce emissions. This will help OEM’s adhere to regulatory standards for increased efficiency and emission controls set by various regions. This will further increase the adoption of automatic HVAC systems during the forecast period.
Increased long distance travelling boosts demand for comfort technologies like HVAC
Growth in long distance travelling by vehicle owners is the other factor influencing adoption of HVAC systems. The HVAC systems are standard fitments in passenger cars and many models of commercial vehicle (CVs).
As traffic congestion in metro cities is increasing continuously, the commuting time is increasing, and this expands the requirements for HVAC systems to increase comfort and reduce stress. Hence, long distance travelling remains a crucial driver for the automotive HVAC market.
Growing popularity of automotive thermal system is pushing adoption of HVAC
The growth of the global automotive thermal system market is another major factor that drives the growth of the global automotive HVAC market. “HVAC systems are an essential part of the automotive thermal system. Therefore, the demand for automotive thermal systems directly influences market demand for automotive HVAC systems,” says Siddharth. The major factors that contribute to the growth of the automotive thermal systems include growing electrification of vehicles, stringent emission norms being imposed in global automotive markets, and the growing use of eco-friendly refrigerants.
Additionally, there is an increase in demand for effective thermal systems in electric and hybrid powertrains. These vehicles require additional low-temperature cooling equipment along with normal equipment for regulated battery cooling. Thus, automotive thermal systems manufacturers have introduced battery cooling systems. For instance, Behr supplies battery cooling systems for the Mercedes S400 BlueHybrid. Growing environmental concerns have encouraged automotive thermal systems manufacturers to shift from the usage of R-134a refrigerant to R-1234yf because it has a low atmospheric life of just 11 days, thus reducing its impact on the natural environment.
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