Automotive Heating, Ventilation, and Air Conditioning (HVAC) Compressor Market Size to grow by USD 6.32 billion between 2024-2028
According to a research report “ Automotive Heating, Ventilation, and Air Conditioning (HVAC) Compressor Market” by Application (Passenger cars, LCVs, MCVs and HCVs) Type (Swash plate compressors, Scroll compressors, Rotary compressors, Reciprocating compressors) Geography (APAC, Europe, North America, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 6.32 billion, at a CAGR of 7.68% during the forecast period. In the automotive industry, the conventional HVAC compressor relies on engine power through a drive belt connected to the crankshaft. This setup increases engine load, leading to increased fuel consumption and exhaust gas emissions, which is a significant concern in hybrid electric vehicles (HEVs) and plug-in hybrid electric vehicles (PHEVs). To mitigate this issue, advanced HVAC compressor technology has emerged, featuring compressors powered independently by an electric motor. These electric compressors operate without the engine being switched on, thereby reducing engine load, fuel consumption, and exhaust gas emissions. This innovation in automotive HVAC systems is a game-changer for the industry, offering improved efficiency and environmental sustainability.
Browse market data tables, figures, and in-depth TOC on “Automotive Heating, Ventilation, and Air Conditioning (HVAC) Compressor Market” by Application (Passenger cars, LCVs, MCVs and HCVs) Type (Swash plate compressors, Scroll compressors, Rotary compressors, Reciprocating compressors) Geography (APAC, Europe, North America, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By Application, the Passenger cars segment is projected to dominate the market size in 2024
Swash plate compressors are a significant driving force in the global automotive heating, ventilation, and air conditioning (HVAC) compressor market. These compressors employ a swash plate mechanism to transform the rotary motion of the compressor shaft into reciprocating motion, compressing refrigerant gas. The swash plate, a key component, is a disc that can be tilted or rotated relative to the drive shaft. As the drive shaft rotates, it causes the swash plate to move, altering the angle of the pistons connected to it. This movement generates varying volumes within the compressor, enabling the efficient compression and circulation of refrigerant gas through the automotive HVAC system.
By Type, Swash plate compressors segment is expected to hold the largest market size for the year 2024
The global automotive HVAC compressor market in the passenger cars segment has achieved near-universal penetration, with almost all automakers integrating HVAC systems into their offerings. Market expansion is primarily driven by the increasing production of passenger cars. Traditionally, the sale of internal combustion engine (ICE)-based passenger cars has experienced a decline worldwide. In response, vehicle manufacturers have adopted a cautious stance by reducing ICE-passenger car production rates. Conversely, the electric powertrain-based passenger car market has gained traction and is projected to grow substantially over the forecast period.
APAC is forecasted to hold the largest market size by region in 2024
In the Asia-Pacific (APAC) region, the automotive Heating, Ventilation, and Air Conditioning (HVAC) compressor market is primarily driven by the high penetration rate of HVAC systems in the passenger cars segment, which stands at nearly 100%. This segment generates the largest revenue for the market. Furthermore, the increasing adoption of HVAC systems in commercial vehicles is also bolstering market growth. The region is anticipated to witness significant growth in the adoption of hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), and battery electric vehicles (BEVs), particularly in China, Japan, and South Korea. This transition to electric vehicles is expected to lead to increased demand for HVAC compressors in the APAC automotive market during the forecast period. However, the shift towards electric compressors will contribute to the overall growth of the market.
The Automotive Heating, Ventilation, and Air Conditioning (HVAC) Compressor Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Automotive Heating, Ventilation, and Air Conditioning (HVAC) compressor market is witnessing significant growth due to the increasing demand for comfort systems in both passenger cars and commercial vehicles. The market is segmented based on technology, vehicle type, and component. Fixed displacement compressors are commonly used in traditional HVAC systems, while variable displacement compressors, such as those using BLDC motors, offer improved efficiency and performance. Key players in the market include Marelli Holdings, Valeo, and Hanon System. In the passenger car segment, luxury brands like Cadillac and EV manufacturers like Polestar are adopting advanced HVAC technologies to enhance the driving experience. The commercial vehicle segment is also witnessing growing demand for HVAC systems due to the need for temperature control in cargo and passenger areas. Marelli Corporation's variable displacement compressor technology, for instance, offers improved fuel efficiency and reduced emissions. Similarly, Gentherm's thermal management systems are used in both passenger cars and commercial vehicles to maintain optimal temperature levels. The market for HVAC compressors is expected to continue its growth trajectory, driven by increasing demand for comfort systems and the adoption of advanced technologies.
Market Research Overview
The Automotive Heating, Ventilation, and Air Conditioning (HVAC) compressor market is witnessing significant growth due to the increasing demand for energy efficiency, smart climate control, and advanced technologies in both passenger cars and commercial vehicles. The market is segmented based on vehicle type, technology, and distribution channel. Passenger cars and light-duty trucks dominate the market, with HVAC systems becoming increasingly sophisticated, incorporating CO2 (R744), R1234yf, and R134a refrigerants. Compressor types include Scroll Compressor, Rotary Compressor, Reciprocating Compressor, and Electric Compressor, with Fixed Displacement and Variable Displacement designs. Key players in the market include Marelli Holdings, Valeo, and Hanon System, among others. The market for HVAC compressors in commercial vehicles is also growing, driven by the need for efficient climate control in EVs and commercial vehicles, with companies like Gentherm and Polestar leading the way. The distribution channel includes OEM and aftermarket segments. Technological advancements, such as BLDC motors and advanced climate control systems, are driving innovation in the market. For instance, Cadillac's climate control system uses sensors to monitor cabin temperature and humidity levels, adjusting the system accordingly for optimal comfort. The market is expected to continue growing, driven by increasing demand for advanced climate control systems and energy efficiency in vehicles.
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