Global Light Vehicle HVAC Market worth USD 0.52 Billion by 2024

Global Light Vehicle HVAC Market worth USD 0.52 Billion by 2024

Pune, India, February 05, 2019 -- /360iResearch/ -- The report "Global Light Vehicle HVAC Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q4 2018 Update)", published by 360iResearch, states that the global market was valued at USD 0.27 billion in 2017 and is projected to reach USD 0.52 billion by 2024, growing at a CAGR of 9.77% from 2017 to 2024.

The major forces driving the growth of the light vehicle hvac market include the need for an automatic climate control feature and increasing demand for thermal systems owing to safety. Moreover, adoption of environment-saving refrigerants and increase adoption of the customized hvac system are also some of the factors that are driving the market growth. However certain factors such as the use of polluting refrigerants may hinder the market growth. In the middle of difficulty lies opportunity such as the intelligent hvac systems, adoption of geothermal or solar pumps, and high production and demand of vehicle from asia-pacific. The possible challenges for the market growth is complicated coupling or integration of the components. But key players in the market are overcoming the challenges with continual improvement and innovation.

Based on technology, the global light vehicle hvac market is studied across Automatic, and Manual. Based on vehicle, the global light vehicle hvac market is studied across Car, and Commercial. Based on geography, the global light vehicle hvac market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.

The report features a competitive scenario of the light vehicle hvac market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Air International Thermal Systems, Brose Fahrzeugteile GmbH & Co. Kg., Calsonic Kansei Corporation, DelStar Technologies, Delphi automotive, Denso Corporation, Engineered Plastic Components, Hanon Systems, Japan Climate Systems Corporation, Johnson Electric Holdings Ltd, Keihin Corporation, Mahle Behr GmbH,, Sanden Holdings Corporation, Sensata Technologies Inc., and Valeo.

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