Automotive HVAC Controllers Market Evolving Technology and Growth Outlook 2021 to 2030 - PowerPoint PPT Presentation

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Automotive HVAC Controllers Market Evolving Technology and Growth Outlook 2021 to 2030

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As per P&S Intelligence, the slow but steady surge in vehicle sales will keep propelling the automotive heating, ventilation, and air conditioning (HVAC) controllers market across the world. – PowerPoint PPT presentation

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Title: Automotive HVAC Controllers Market Evolving Technology and Growth Outlook 2021 to 2030


1
2022
Automotive HVAC Controllers Market Opportunities,
Growth, Challenges, Business Trends and Forecast
2030
2
Before plunging severely in 2020 due to the
COVID-induced lockdowns and the ensuing financial
distress, automotive sales had been increasing
steadily across the globe. But, since the lifting
of the lockdowns and resumption of manufacturing
in the third quarter of 2020, as the first COVID
wave waned, vehicle sales have started rising
again. Though the 2021 sales might be nowhere
near the 2019 numbers, automotive and associated
components and parts manufacturers can expect
good business. As per PS Intelligence, the slow
but steady surge in vehicle sales will keep
propelling the automotive heating, ventilation,
and air conditioning (HVAC) controllers market
across the world. This is because HVAC systems
have become integral to all four-wheelers, be it
cars, trucks or buses (mostly luxury ones). With
peoples burgeoning disposable income, especially
in emerging economies, they have been able to
afford cars with added features, such as HVAC
systems, power steering and windows, and
entertainment units, for quite a while
now. Moreover, with the increasing competition
in the auto world, vehicle manufacturers are
targeting customers with the prospect of more
comfort and convenience, with HVAC systems. In
temperate regions, including much of North
America and Europe, the cold winters create the
necessity for heaters, heated windshields, and
seats. Similarly, in tropical regions, including
South Asia, much of Latin America (LATAM) and all
of Africa and Australia, air conditioning inside
the vehicle is vital. Thus, with the increasing
automotive sales around the world, the demand for
HVAC controllers is rising too.
3
Of the two types of such controllers automatic
and manual the demand for automatic variants is
rising fast. Because they are a newer technology,
automakers are trying to distinguish themselves
by offering advanced systems in their vehicles.
Moreover, though these are more expensive
compared to manual ones, the rising demand for
luxury vehicles is propelling the integration
rate of automatic variants. Many people in
developing countries purchase luxury vehicles as
a show of their social status, thereby driving
the demand for automatic automotive HVAC
controllers. Such components are integrated in
higher numbers in passenger cars than commercial
vehicles because in any year, almost 70 of the
automobiles produced are passenger cars.
Moreover, in the coming years, almost 80 of the
cars manufactured will have HVAC systems, which
would create a high demand for their controllers.
Similarly, the integration rate of such
components is also increasing in commercial
vehicles. With the growing logistics sector, the
sales of trucks are surging. In developed
countries, most of the trucks have HVAC systems,
a trend that is now also emerging in emerging
economies. Request to Get the Sample Report
https//www.psmarketresearch.com/market-analysis/a
utomotive-hvac-controllers-market/report-sample
4
Similarly, with the growing demand for inter- and
intra-city transport, luxury buses are being
procured by transport agencies in developing and
developed countries both. On long journeys,
especially in unfavorable weather conditions,
HVAC systems become important, which is why an
increasing number of luxury buses have them. Even
for urban transportation within cities, state and
city transportation authorities are deploying
air-conditioned buses. For instance, Delhi
Transport Corporation will induct the first batch
of 1,000 low-floor AC buses in June this
year. Thus, as a result of the growing auto
sales, Asia-Pacific (APAC) is expected to be the
most-lucrative automotive HVAC controllers market
in the coming years. Already, APAC accounts for
the highest automotive production and sales,
which have been pushing the demand for various
associated components up. As per the
International Energy Agency (IEA), compared to 5
million in 2005, 25 million cars were sold in
China in 2009. Similarly, car sales in India grew
from 1 million to 4 million during the same
period. Thus, as vehicle sales boom, so will the
installation rate of automotive HVAC
controllers. Get Business Report on Automotive
HVAC Controllers Market
5
This study covers 1. Historical and the present
size of the Automotive HVAC Controllers
Market 2. Historical and the present size of the
market segments and understand their comparative
future potential 3. Potential of on-demand
logistics services, so the market players make
informed decisions on the sales of their
offerings 4. Competitive scenario of various
market segments across key countries in several
regions for uncovering market opportunities for
the stakeholders 5. Major players operating in
the market and their service offerings Get more
related reports by PS Intelligence Automotive
Gears Market Opportunities Forecast To
2030 HVAC Market Statistics, Development and
Growth 2030
6
Disclaimer PS Intelligence always keeps its
customers interests at the core while carrying
out research activities. PS Intelligence ensures
the reliability and accuracy of information and
data provided in its market research
publications. However, the information in
publications is subject to fluctuations, as it is
based on primary interviews of officials from
various companies or organizations. PS
Intelligence is not responsible for any incorrect
data provided by the key industry players of the
concerned domain. the information or analysis in
PS Intelligence publications represents opinions
based on research and should not be interpreted
as statements of fact. Information in this report
was believed to be correct at the time of
publication, but cannot be guaranteed. PS
Intelligence does not endorse any product,
service, or vendor depicted in its research
publications. All intellectual properties,
including trademarks and copyrights, belong to
their respective owners and may be protected by
copyright. Under no circumstance can these be
reproduced in any form without prior written
agreement of their owners. An order for market
research report is intended for internal use of
the company only and not for disclosure to third
parties or any other publication in general. No
service, report, or part thereof provided by PS
Intelligence can be reproduced, republished,
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sublicensed in any medium or form now realized or
hereafter become realized, including but not
limited to, all forms of optical-based media,
magnetic, electronic, or digital, without a
written permission from Prescient Strategic
Intelligence Pvt. Ltd.
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