Rising Demand for Automobiles Propelling Growth in the Global Automotive Climate Control Market: Technavio Report

Renewable energy

 

  • The key vendors in the Global Automotive Climate Control Market 2014-2018 are Delphi Automotive plc, Denso Corp., Mahle Behr GmbH & Co. KG, Valeo SA and Visteon Corp.

London, 24 September 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Automotive Climate Control Market 2014-2018.   One such trend is the introduction of digital systems and IP technology in HVAC control systems. Currently, new projects are being designed and commissioned that aim to utilize digital architecture, IP-based communication, and web accessibility to increase their capability. This development will pave the way for bidirectional communication between systems via TCP/IP, thereby allowing better integration.

An automotive climate control system provides comfort to passengers by maintaining the right balance of air filtration, air distribution, and air purification in a vehicle. It comprises five main components: a compressor, condenser, evaporator, expansion device, and FT. It provides heating, ventilation, and air conditioning to maintain good air quality and deliver thermal comfort through adequate ventilation inside vehicles.

“The continuous economic growth in BRIC countries has improved the financial status of their population, leading to higher disposable income in these countries,” says Faisal Ghaus, Vice President of TechNavio Research.

“As a result, the demand for automobiles integrated with automotive climate control systems with advanced features has increased.”

To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance. 

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