The ev smart hvac system global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
EV Smart HVAC System Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The EV smart HVAC system market size has grown strongly in recent years. It will grow from $4.69 billion in 2023 to $5.15 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to increased adoption of electric vehicles, government regulations and incentives, consumer demand for comfort, integration with renewable energy, a rise in disposable income, urbanization, and smart cities.
The EV smart HVAC system market size is expected to see strong growth in the next few years. It will grow to $7.52 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to the increasing deployment of electric buses, trucks, and other commercial vehicles, consumer demand for comfort and convenience, autonomous vehicle development, and investments in charging infrastructure. Major trends in the forecast period include energy efficiency focus, smart and connected HVAC systems, hybrid HVAC systems, compact and lightweight designs, customization and personalization, and sustainability initiatives.
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Scope Of EV Smart HVAC System Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
EV Smart HVAC System Market Overview
Market Drivers –
The EV smart HVAC system market size has grown strongly in recent years. It will grow from $4.69 billion in 2023 to $5.15 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to increased adoption of electric vehicles, government regulations and incentives, consumer demand for comfort, integration with renewable energy, a rise in disposable income, urbanization, and smart cities.
The EV smart HVAC system market size is expected to see strong growth in the next few years. It will grow to $7.52 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to the increasing deployment of electric buses, trucks, and other commercial vehicles, consumer demand for comfort and convenience, autonomous vehicle development, and investments in charging infrastructure. Major trends in the forecast period include energy efficiency focus, smart and connected HVAC systems, hybrid HVAC systems, compact and lightweight designs, customization and personalization, and sustainability initiatives.
Market Trends –
Major companies operating in the EV smart HVAC system market are focusing on developing advanced thermal management technologies for commercial electric vehicles, such as heat exchanger technology, to enhance energy efficiency and comfort while reducing environmental impact. Heat exchanger technology optimizes cabin comfort and vehicle performance by efficiently transferring heat between the cabin air, battery thermal management systems, and power electronics cooling components. For instance, in May 2022, Modine Manufacturing, a U.S.-based provider of thermal management solutions, launched a new EVantage line of thermal management systems for commercial electric vehicles.
The EV smart HVAC system market covered in this report is segmented –
1) By Type: Engine Powered HVAC, Electric Powered HVAC
2) By Component: Compressor, Condenser, Heater Core, Evaporator, Other Components
3) By Technology: Automatic, Semi Automatic, Manual
4) By Application: Passenger Car, Commercial Vehicles
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Regional Insights –
Asia-Pacific was the largest region in the EV smart HVAC system market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the EV smart HVAC system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the EV smart HVAC system market are Bosch Mobility Solutions, Denso Corporation, Sanden Holdings Corporation, Continental AG, Toyota Industries Corporation, Valeo SA, Marelli Holdings Co. Ltd., BorgWarner Inc., Mahle GmbH, Brose Fahrzeugteile GmbH & Co KG, Hella GmbH & Co. KGaA, Hanon Systems Deutschland GmbH, Eberspächer Group, Webasto Group, HVCC (Halla Visteon Climate Control), Johnson Electric Holdings Limited, Thermo King, Modine Manufacturing Company, Preh GmbH, Delphi Technologies, SMP Deutschland GmbH, NORMA Group, Gentherm Incorporated, Songz Automobile Air Conditioning Co. Ltd., Kendrion NV, Subros Limited, Voss Automotive GmbH, Keihin Corporation
Table of Contents
1. Executive Summary
2. EV Smart HVAC System Market Report Structure
3. EV Smart HVAC System Market Trends And Strategies
4. EV Smart HVAC System Market – Macro Economic Scenario
5. EV Smart HVAC System Market Size And Growth
…..
27. EV Smart HVAC System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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