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Automotive Climate Control Market Trends

  • Report ID: GMI10942
  • Published Date: Aug 2024
  • Report Format: PDF

Automotive Climate Control Market Trends

Stringent environmental regulations are significantly driving the growth of the automotive climate control industry. Governments across the globe, particularly in regions such as Europe and North America, are enforcing strict emissions standards to combat climate change and reduce greenhouse gas emissions. These regulations are pushing automakers to develop more efficient and eco-friendly climate control systems that minimize energy consumption while maintaining passenger comfort.
 

Innovations such as heat pumps, which are more energy-efficient than traditional air conditioning systems, are becoming increasingly important. As regulatory pressures continue to intensify, the demand for advanced climate control technologies that can meet these environmental standards is expected to rise, driving market growth.
 

The rise of autonomous vehicles is significantly driving growth in the automotive climate control market. As vehicles become increasingly autonomous, there is a heightened demand for advanced climate control systems that can seamlessly integrate with autonomous driving technology. For instance, in April 2023, Aurora Innovation, a self-driving technology start-up, announced that it will launch a fully automated self-driving truck service in early 2024.
 

Autonomous vehicles require climate control systems that not only maintain optimal cabin temperatures but also adapt to various driving conditions and user preferences without manual intervention. This includes features such as automated temperature adjustments based on external weather conditions, personalized climate settings for each passenger, and improved air quality management. The need for such sophisticated and responsive systems is propelling innovations in automotive climate control, thus driving market expansion as autonomous technology becomes more prevalent.
 

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of automotive climate control reached USD 9.9 billion and is set to register a CAGR of over 12.5% through 2032, led by rising demand for electric vehicles.

In 2023, the OEM segment accounted for a market share of around 64%, due to the growing emphasis on integrating high-performance climate control systems during the vehicle manufacturing process.

North America market held a major share of over 35% in 2023, driven by the region's strong automotive industry and high demand for advanced vehicle features.

DENSO CORPORATION, Hanon Systems, Hitachi Astemo Indiana, Inc., Johnson Electric Holdings Limited, MAHLE GmbH, Marelli Corporation, Mitsubishi Heavy Industries, Ltd., Sanden Corporation, Sensata Technologies, Inc., and Valeo SA.

Automotive Climate Control Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 340
  • Countries covered: 24
  • Pages: 220
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