Product Code: A74608
The electric vehicle HVAC market is likely to experience a growth rate of 10.0% from 2023-2032 owing to increasing market demand for electric vehicles and greater demand for thermal & climate control features in vehicles during the forecast period - Allied Market Research
Range anxiety and battery life are critical concerns for electric vehicle owners. By developing advanced HVAC systems that minimize energy consumption and optimize thermal management, companies can address these concerns and differentiate themselves in the market. Investing in research and development to improve energy efficiency and integrate smart controls will be crucial for success.
The EV HVAC market is suitable for technological advancements and innovation. The integration of smart controls, predictive algorithms, and connectivity features enables personalized temperature management and energy optimization. Embracing these technologies and developing cutting-edge HVAC systems will position companies as leaders in the market and enhance the overall customer experience.
In addition, indoor air quality has gained significant attention, and consumers are becoming increasingly concerned about the health and well-being of occupants in electric vehicles. Companies can capitalize on this trend by developing HVAC systems that incorporate high-quality air filtration and purification mechanisms. Offering a clean and healthy cabin environment will be a differentiating factor and attract environmentally conscious consumers.
However, the cost of EV HVAC systems is a significant consideration for consumers and manufacturers alike. Developing cost-effective solutions while maintaining high performance and efficiency is a challenge. Finding the right balance between affordability and functionality will be crucial to capture market share and compete effectively. In addition, the regulatory environment surrounding electric vehicles and their HVAC systems is evolving rapidly. Keeping abreast of changing regulations and ensuring compliance can be challenging. It requires proactive engagement with regulatory bodies, staying updated on industry standards, and adapting HVAC systems accordingly.
The electric vehicle HVAC market is segmented into technology, vehicle type, components, and region. By technology, it is divided into BEV and PHEV. By vehicle type, the electric vehicle HVAC market is classified into passenger vehicle and commercial vehicle. By component, the market is categorized into compressor, condenser, heater core, evaporator, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players in the electric vehicle HVAC market are Sanden Corporation, Hanon Systems Corporation, Denso Corporation, Valeo S.A., Mahle GMBH, Brose Fahrzeugteile SE and CO. KG, Coburg, Panasonic Corporation, Johnson Electric Holdings Limited, Marelli Holdings Co., Ltd, and Toyota Industries Corporation.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the electric vehicle HVAC market analysis from 2022 to 2032 to identify the prevailing electric vehicle HVAC market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the electric vehicle HVAC market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global electric vehicle HVAC market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Technology
By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
By Component
- Compressor
- Condenser
- Heater Core
- Evaporator
- Others
By Region
- North America
- Europe
- Germany
- UK
- France
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players:
- Brose Fahrzeugteile SE & Co. KG, Coburg
- Denso Corporation
- Hanon Systems Corporation.
- Johnson Electric Holdings Limited.
- MAHLE GmbH
- Marelli Holdings Co., Ltd.
- Panasonic Corporation
- Sanden Corporation
- Toyota Industries Corporation
- Valeo S.A.
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Low bargaining power of suppliers
- 3.3.2. Low threat of new entrants
- 3.3.3. Low threat of substitutes
- 3.3.4. Low intensity of rivalry
- 3.3.5. Low bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Increase in demand for thermal systems and automatic climate control features in automobile
- 3.4.1.2. Rise in safety and comfort in vehicles leading to the adoption of HVAC systems
- 3.4.1.3. Increase in vehicle production
- 3.4.2. Restraints
- 3.4.2.1. High maintenance cost
- 3.4.2.2. Environmental effects of refrigerants used in HVAC system
- 3.4.3. Opportunities
- 3.4.3.1. Adoption of eco-friendly refrigerants
- 3.4.3.2. Production of cost-effective HVAC systems
- 3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: ELECTRIC VEHICLE HVAC MARKET, BY TECHNOLOGY
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. BEV
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. PHEV
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
CHAPTER 5: ELECTRIC VEHICLE HVAC MARKET, BY VEHICLE TYPE
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Passenger Vehicle
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Commercial Vehicle
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
CHAPTER 6: ELECTRIC VEHICLE HVAC MARKET, BY COMPONENT
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Compressor
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Condenser
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Heater Core
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
- 6.5. Evaporator
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
- 6.6. Others
- 6.6.1. Key market trends, growth factors and opportunities
- 6.6.2. Market size and forecast, by region
- 6.6.3. Market share analysis by country
CHAPTER 7: ELECTRIC VEHICLE HVAC MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key trends and opportunities
- 7.2.2. Market size and forecast, by Technology
- 7.2.3. Market size and forecast, by Vehicle Type
- 7.2.4. Market size and forecast, by Component
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Key market trends, growth factors and opportunities
- 7.2.5.1.2. Market size and forecast, by Technology
- 7.2.5.1.3. Market size and forecast, by Vehicle Type
- 7.2.5.1.4. Market size and forecast, by Component
- 7.2.5.2. Canada
- 7.2.5.2.1. Key market trends, growth factors and opportunities
- 7.2.5.2.2. Market size and forecast, by Technology
- 7.2.5.2.3. Market size and forecast, by Vehicle Type
- 7.2.5.2.4. Market size and forecast, by Component
- 7.2.5.3. Mexico
- 7.2.5.3.1. Key market trends, growth factors and opportunities
- 7.2.5.3.2. Market size and forecast, by Technology
- 7.2.5.3.3. Market size and forecast, by Vehicle Type
- 7.2.5.3.4. Market size and forecast, by Component
- 7.3. Europe
- 7.3.1. Key trends and opportunities
- 7.3.2. Market size and forecast, by Technology
- 7.3.3. Market size and forecast, by Vehicle Type
- 7.3.4. Market size and forecast, by Component
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. Germany
- 7.3.5.1.1. Key market trends, growth factors and opportunities
- 7.3.5.1.2. Market size and forecast, by Technology
- 7.3.5.1.3. Market size and forecast, by Vehicle Type
- 7.3.5.1.4. Market size and forecast, by Component
- 7.3.5.2. UK
- 7.3.5.2.1. Key market trends, growth factors and opportunities
- 7.3.5.2.2. Market size and forecast, by Technology
- 7.3.5.2.3. Market size and forecast, by Vehicle Type
- 7.3.5.2.4. Market size and forecast, by Component
- 7.3.5.3. France
- 7.3.5.3.1. Key market trends, growth factors and opportunities
- 7.3.5.3.2. Market size and forecast, by Technology
- 7.3.5.3.3. Market size and forecast, by Vehicle Type
- 7.3.5.3.4. Market size and forecast, by Component
- 7.3.5.4. Spain
- 7.3.5.4.1. Key market trends, growth factors and opportunities
- 7.3.5.4.2. Market size and forecast, by Technology
- 7.3.5.4.3. Market size and forecast, by Vehicle Type
- 7.3.5.4.4. Market size and forecast, by Component
- 7.3.5.5. Rest of Europe
- 7.3.5.5.1. Key market trends, growth factors and opportunities
- 7.3.5.5.2. Market size and forecast, by Technology
- 7.3.5.5.3. Market size and forecast, by Vehicle Type
- 7.3.5.5.4. Market size and forecast, by Component
- 7.4. Asia-Pacific
- 7.4.1. Key trends and opportunities
- 7.4.2. Market size and forecast, by Technology
- 7.4.3. Market size and forecast, by Vehicle Type
- 7.4.4. Market size and forecast, by Component
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Key market trends, growth factors and opportunities
- 7.4.5.1.2. Market size and forecast, by Technology
- 7.4.5.1.3. Market size and forecast, by Vehicle Type
- 7.4.5.1.4. Market size and forecast, by Component
- 7.4.5.2. India
- 7.4.5.2.1. Key market trends, growth factors and opportunities
- 7.4.5.2.2. Market size and forecast, by Technology
- 7.4.5.2.3. Market size and forecast, by Vehicle Type
- 7.4.5.2.4. Market size and forecast, by Component
- 7.4.5.3. Japan
- 7.4.5.3.1. Key market trends, growth factors and opportunities
- 7.4.5.3.2. Market size and forecast, by Technology
- 7.4.5.3.3. Market size and forecast, by Vehicle Type
- 7.4.5.3.4. Market size and forecast, by Component
- 7.4.5.4. South Korea
- 7.4.5.4.1. Key market trends, growth factors and opportunities
- 7.4.5.4.2. Market size and forecast, by Technology
- 7.4.5.4.3. Market size and forecast, by Vehicle Type
- 7.4.5.4.4. Market size and forecast, by Component
- 7.4.5.5. Rest of Asia-Pacific
- 7.4.5.5.1. Key market trends, growth factors and opportunities
- 7.4.5.5.2. Market size and forecast, by Technology
- 7.4.5.5.3. Market size and forecast, by Vehicle Type
- 7.4.5.5.4. Market size and forecast, by Component
- 7.5. LAMEA
- 7.5.1. Key trends and opportunities
- 7.5.2. Market size and forecast, by Technology
- 7.5.3. Market size and forecast, by Vehicle Type
- 7.5.4. Market size and forecast, by Component
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Latin America
- 7.5.5.1.1. Key market trends, growth factors and opportunities
- 7.5.5.1.2. Market size and forecast, by Technology
- 7.5.5.1.3. Market size and forecast, by Vehicle Type
- 7.5.5.1.4. Market size and forecast, by Component
- 7.5.5.2. Middle East
- 7.5.5.2.1. Key market trends, growth factors and opportunities
- 7.5.5.2.2. Market size and forecast, by Technology
- 7.5.5.2.3. Market size and forecast, by Vehicle Type
- 7.5.5.2.4. Market size and forecast, by Component
- 7.5.5.3. Africa
- 7.5.5.3.1. Key market trends, growth factors and opportunities
- 7.5.5.3.2. Market size and forecast, by Technology
- 7.5.5.3.3. Market size and forecast, by Vehicle Type
- 7.5.5.3.4. Market size and forecast, by Component
CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product Mapping of Top 10 Player
- 8.4. Competitive Dashboard
- 8.5. Competitive Heatmap
- 8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
- 9.1. Sanden Corporation
- 9.1.1. Company overview
- 9.1.2. Key Executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.1.7. Key strategic moves and developments
- 9.2. Hanon Systems Corporation.
- 9.2.1. Company overview
- 9.2.2. Key Executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.3. Denso Corporation
- 9.3.1. Company overview
- 9.3.2. Key Executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.4. Valeo S.A.
- 9.4.1. Company overview
- 9.4.2. Key Executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
- 9.5. MAHLE GmbH
- 9.5.1. Company overview
- 9.5.2. Key Executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.6. Brose Fahrzeugteile SE & Co. KG, Coburg
- 9.6.1. Company overview
- 9.6.2. Key Executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.7. Panasonic Corporation
- 9.7.1. Company overview
- 9.7.2. Key Executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.7.7. Key strategic moves and developments
- 9.8. Johnson Electric Holdings Limited.
- 9.8.1. Company overview
- 9.8.2. Key Executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.9. Marelli Holdings Co., Ltd.
- 9.9.1. Company overview
- 9.9.2. Key Executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.10. Toyota Industries Corporation
- 9.10.1. Company overview
- 9.10.2. Key Executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Business performance