IMARC Group has published a market research report titled “India Automotive HVAC Market Report by Component (Evaporator, Compressor, Condenser, Receiver-drier, Expansion Valve, and Others), Technology (Automatic, Manual), Vehicle Type (Passenger Cars, Commercial Vehicle, Electric Vehicle), and Region 2024-2032″ India automotive HVAC market size is projected to exhibit a growth rate (CAGR) of 11.50% during 2024-2032.
The growing need for passenger comfort as well as the rising production of vehicles are the factors responsible for the growth of the India automotive HVAC market. Additionally, the demand for HVAC is escalating, catering to the elevating requirement for in-car comfort and air quality, due to which manufacturers are focusing on equipping vehicles with advanced HVAC systems that provide efficient climate control. Besides this, the increasing middle-class population, coupled with higher disposable incomes, is boosting the sales of automobiles, including luxury and mid-segment cars that come equipped with sophisticated HVAC systems, further bolstering the market. Moreover, the expanding automotive sector, supported by initiatives like the Make in India campaign, is fostering increased vehicle production and, consequently, the demand for automotive HVAC systems.
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India Automotive HVAC Market Trends and Drivers:
Technological advancements and regulatory mandates for environmental sustainability are also significant drivers in the India automotive HVAC market. In addition to this, the market is positively impacted by innovations such as automatic climate control, dual-zone air conditioning, and eco-friendly refrigerants that are enhancing the functionality and efficiency of HVAC systems. Furthermore, the integration of smart technologies and IoT in HVAC systems allows for real-time monitoring and adjustments, improving energy efficiency and passenger comfort, which is acting as another growth-inducing factor. In line with this, regulations made by government authorities aimed at reducing greenhouse gas emissions and improving fuel efficiency are prompting manufacturers to adopt energy-efficient HVAC technologies and eco-friendly refrigerants, which are projected to drive the India automotive HVAC market over the forecasted period.
Report Segmentation:
The report has segmented the market into the following categories:
Component Insights:
- Evaporator
- Compressor
- Condenser
- Receiver-drier
- Expansion Valve
- Others
Technology Insights:
- Automatic
- Manual
Vehicle Type Insights:
- Passenger Cars
- Commercial Vehicle
- Electric Vehicle
Regional Insights:
- North India
- West and Central India
- South India
- East and Northeast India
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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