[Latest] Automotive HVAC Market Size, Forecast, Analysis & Share Surpass US$ 32.10 Billion By 2030, At 6.75% CAGR

Automotive HVAC Market

The Global Automotive HVAC Market size was estimated at USD 16.35 billion in 2021 and is expected to reach USD 18.10 billion in 2022 and is expected to hit around USD 32.10 billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 6.75% from 2022 to 2030.

Our recently published report, “Automotive HVAC Market”, offers a comprehensive and deep evaluation of the market stature. Additionally, the market report estimates the market size, revenue, price, market share, market forecast, growth rate, and competitive analysis.

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The Automotive HVAC Market: Overview

A technology called heating, ventilation, and air conditioning (HVAC) is utilized to maintain a vehicle’s interior environment. It contributes to the comfort of passengers on board by managing a vehicle’s interior atmosphere temperature (hot or cold). A vehicle’s interior temperature can be regulated by an HVAC system. It consists of three subsystems, namely heating, cooling, and air conditioning, which cooperate to deliver filtered air to the car’s interior and ensure the comfort of the drivers and passengers in terms of temperature. It regulates the air’s temperature, checks the amount of moisture in the air, and removes too much humidity from the airflow.

The compressor, condenser, evaporator, pressure-regulating devices, orifice tube, thermal expansion valve, receiver-drier, and accumulator make up the major component unit of the automobile HVAC system. The total automotive HVAC system is said to revolve around the compressor. It is a pump that is connected to the engine and is operated by a belt. The compressor facilitates the transmission and compression of refrigerant gas. A condenser, which aids in heat radiation, is often found in front of the car.

When hot compressed gases are added to the top of a condenser, they are immediately cooled, and once the cooling is complete, the hot gases condense and escape the condenser as a high-pressure fluid. The HVAC system includes an evaporator as a heat absorber. An evaporator’s primary function is to remove heat from within the car and dehumidify the interior atmosphere. By adjusting the refrigerant pressure and flow into the evaporator, pressure-regulating devices regulate the evaporator temperature.

The Automotive HVAC Market: Growth Drivers

Flourishing automotive production accelerates the market’s growth

The size of the automotive HVAC market is being driven by the booming demand in the automobile industry on a worldwide scale as a result of rising disposable income. As consumers spend more money on comfort and luxury amenities in cars, OEMs are being forced to incorporate high-quality climate control systems. Manufacturers spend money on research and development to differentiate their goods, like their small and light HVAC systems. This will make it possible for the business to provide HVAC systems to its customers that are both energy- and environmentally-efficient. A variety of new opportunities for industry growth are emerging as a result of consumers’ growing concerns about indoor air quality.

A rise in safety and comfort as a result of the use of HVAC systems

Major technical developments in automobiles have resulted from the growth in demand for safety, comfort, and aesthetic characteristics. HVAC systems enable a comfortable journey for both the driver and the passenger. The device also helps to defrost windows, demist windshields, and dehumidify the air, all of which enhance passenger comfort. Future danger concerns are eliminated by the system’s secure and reliable operation. Therefore, it is projected that the adoption of HVAC systems, which provide secure and comfortable conditions within the car cabin, would boost safety, fueling the growth of the automotive HVAC market.

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The Automotive HVAC Market: Key Insights

A) As per the analysis shared by our research analyst, the Automotive HVAC market is estimated to grow annually at a CAGR of around 6.75% over the forecast period (2022-2030).
B) In terms of revenue, the Automotive HVAC market size was valued at around USD 16.35 Billion in 2021 and is projected to reach USD 32.10 Billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
C) Based on technology segmentation, the automatic segment is estimated to hold the largest market share during the forecast period.
D) Based on vehicle segmentation, the passenger cars segment is the leading revenue-generating category during the forecast period and the commercial vehicles segment is expected to grow at a significant rate.
E) On the basis of geography/region, the Asia-Pacific region was the leading revenue generator in 2021.

The Automotive HVAC Market: Regional Landscape

Asia-Pacific is anticipated to be one of the most intriguing markets during the projection period, accounting for the majority of the market’s revenue share. The Asia-Pacific market is expected to increase significantly because of the close proximity of major manufacturers, the enormous manufacturing of cars, and the growing demand for vehicles in the countries that produce them, such as China, South Korea, and India. The market must be driven in the upcoming year by government initiatives to revive the automobile industry. One of the biggest markets and a key contributor to the demand for these vehicle HVAC systems in China. The growing desire of people for comfort and safety is the cause of the rising demand for passenger cars from India, China, and their other counterparts in the Asia-Pacific area. These elements are anticipated to support market expansion in the area.

The Automotive HVAC Market: Prominent Players

DENSO Corporation
Valeo Group
Johnson Electric Holdings Ltd
Sanden Holdings Corporation
Japan Climate System Corporation
Brose Fahrzeugteile GmbH & Co. Kg
Air International Thermal Systems
Hanon Systems Corp.
Marelli Corporation
Calsonic Kansei Corporation
Keihin Corporation
Calsonic Kansei
Engineered Plastic Components
DelStar Technologies
Sanden Holdings Corporation
Behr GmbH

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The Automotive HVAC Market: Segments

By Technology


By Vehicle type

Passengers Cars
Commercial Vehicles
Electric Vehicles

The Automotive HVAC Market: Geography

North America

The U.S.


The UK
Rest of Europe

Asia Pacific

South Korea
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
South Africa
Rest of the Middle East & Africa

Latin America

Rest of Latin America

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