Automotive HVAC Top Companies - Recent Developments, Business Strategy, Deal Strategy, Patent Strategy, Benchmarking and Management Outlook

Date : November 2024

Automotive HVAC Top Companies and Market Size Analysis

The global automotive HVAC market size is projected to surpass around USD 98.96 billion by 2033 from USD 51.64 billion in 2023, expanding at a solid CAGR of 6.73% between 2023 and 2033.  The automotive HVAC top companies are Valeo SA, Sanden Holdings Corporation, Mahle GmbH, Hanon Systems, Denso Corporation, Delphi Technologies, Calsonic Kansei Corporation, and Others.

Market Report Coverage

Report Attributes Details
Market Size by 2033 USD 98.96 Billion
Market Size in 2023 USD 51.64 Billion
Market Growth Rate from 2023 to 2033 CAGR of 6.73%
Largest Market Asia Pacific 
Base Year 2023
Forecast Period 2024 to 2033
Segments Covered Technology, Vehicle Type, and Regions
Regions Covered North America, Europe, Asia-Pacific, Latin America and Middle East, & Africa


Automotive HVAC Top Companies

Automotive HVAC Key Players

  • Valeo SA
  • Sanden Holdings Corporation
  • Mahle GmbH
  • Hanon Systems
  • Denso Corporation
  • Delphi Technologies 
  • Calsonic Kansei Corporation 

Latest Announcements by Industry Leaders

March 26, 2024 – Trane Technologies, the President of Trane Technologies, Dwayne Cowan stated that the launch of its recent portfolio is seen to upgrade the efficiency of heat pumps and air conditioning systems. This product portfolio is further observed to supplement the efficacy of components utilized in the automotive industry. 

Recent Developments

  • In January 2024, DENSO unveiled a new refrigerant management system aimed at improving energy efficiency in HVAC units for electric and hybrid vehicles. This system employs advanced technology to optimize refrigerant use, thereby reducing environmental impact. The launch is part of DENSO's commitment to sustainability and innovation in automotive technology, particularly focusing on electric vehicles.
  • In January 2024, Ford introduced a smart climate control system designed specifically for their line of electric vehicles. This system utilizes machine learning to adapt to user preferences and external weather conditions, significantly enhancing passenger comfort while optimizing energy consumption.

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