Automotive Hvac System Market
Automotive HVAC System Market Size And Forecast
According to Verified Market Research, Global Automotive HVAC System Market was valued at USD 15.5 Billion in 2018 and is projected to reach USD 26.34 Billion by 2026, growing at a CAGR of 6.82% from 2019 to 2026.
Global Automotive HVAC System Market Outlook
The growing automobile industry owing to the technological advances enabling the use of a more effective HVAC system in an automobile. The rise in the disposable income coupled with the stringent regulation for safety and comfort is likely to boost the demand for the HVAC system. Furthermore, a rise in the adoption of energy-efficient and eco-friendly HVAC system components such as refrigerants and geothermal pumps is anticipated to fuel the growth of the market over the forecast period. However, the discomforting noise produced by the HVAC system inside the vehicle is a major factor that is hampering the growth of the market.
Global Automotive HVAC System Market Competitive Landscape
The Global Automotive HVAC System Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Denso Corporation, Delphi Automotive, Mahle GmbH, Valeo Group, Hanon Systems, Mitsubishi Heavy Industries, Sanden, Calsonic Kansei Corporation, Keihin Corporation, and TransAir Manufacturing.
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