Market Synopsis
Market Research Future (MRFR) has revealed in its latest study that the Global Climate Control System for Commercial Vehicle Market is projected to grow from USD 11,078.2 Mn in 2016 to USD 18,511.7 Mn in 2023. The market is estimated to register a robust CAGR of 9.04% during the forecast period 2018 to 2023.
The increasing concern with respect to carbon emission from vehicles has resulted in an inclination towards legislative enforcements regulating the efficiency of climate control systems. The thermal management in vehicles is a crucial area of attention in the automobile industry, which is estimated to propel the global climate control system market 2020.
Market Segmentation
- On the basis of commercial vehicle type, the market is divided into a cargo van, trailers, minivan, truck, ambulance, bus, and others. The truck segment is further sub-divided into light-duty, medium-duty, and heavy-duty.
- On the basis of component type, the market can be classified into the evaporator, compressor, condenser, control valves, receiver-drier, actuators, evaporator, thermostat, relays, sensors, coils, and others.
- On the basis of sales channel, the market has been divided into aftermarket and OEMs. The OEM segment was anticipated as the dominating vertical in 2017 implementing its authority over 68.5% of share in the market.
- On the basis of electric commercial vehicle type, the market has been divided into a fully electric vehicle and hybrid. The sub-division of fully electric vehicle segment-voltage type is furthermore divided into 12V, 24V, 48V, 350V, and 650V.
- On the basis of truck type application, the market is classified into the long haul, specialty, and regional.
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Key Players
Some of the distinguished players as per the MRFR report are Calsonic Kansei Corporation Mobile Climate Control, Red Dot Corporation, Sanden Holdings Corporation, Valeo S.A, Bergstrom Inc., Hanon Systems, Denso Corporation, Eberspächer, Webasto, Mahle GmbH, and Wabco.
Regional Analysis
On the basis of region, the market has been classified into Asia Pacific, Europe, North America, and the Rest of the World.
The Americas presently acquire the largest share of the market. It is most likely to maintain its place by the end of 2023. The merging of major competitors in the market has made the competition ferocious and resulted to rampant investments in the adoption of advanced technologies. The demand for commercial vehicles along with the long hours being spent in cars by customers has quickened the demand for upgraded comfort.
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Major Highlights of TOC Covers:
- Executive Summary
- Key Business Trends
- Regional Trends and Growth
- Product Trends
- End-use Trends
- Definition and Forecast Parameters
- Climate control system for the commercial vehicle Market Segmentation
- Climate control system for the commercial vehicle Market Landscape
- Vendor Matrix
- Company Profiles
- Business Overview
Continued…….…
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Global Climate Control System for Commercial Vehicle Market Information Report by Component (Compressor, Condenser, Others), Vehicle Type (Truck, Bus, Ambulance, Others), Application, E-Commercial Vehicle Type, Sales Channel, Region - Forecast To 2023The global climate control system for commercial vehicle market was studied by the team of Market Research Future (MRFR).
The study predicted that the global market will reach a valuation of USD 18,511.7 million by the end of the forecast period in 2023, thereby jumping from its previous valuation of USD 11,078.2 million in 2016.The growth of the market can be attributed to factors like government initiatives and a rising demand for electric vehicles across the globe.
The market growth of climate control system for commercial vehicles is expected to be at a compound rate of 9.04% during the period of 2018 to 2023.Market segmentationGlobal climate control system for commercial vehicle market segment into the various key dynamics better understanding of the report.
The bus segment stood out as the second largest commercial vehicle segment with a market share of 25.2%By truck type application, the market includes regional, long haul comma and specialty applications.
The long-haul segment holds the maximum percentage of shares under its names and enjoyed a lion’s share of 44.9% of the global climate control system for commercial vehicle market back in 2017.
The regional segment, on the other hand, held 37.6% of the market share 2017 and held the second largest position in this market category.By electric commercial vehicle types, the market includes full electric vehicle and hybrid commercial vehicle.
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the climate control system market include Honeywell International Inc, Johnson Controls, Schneider Electric, Siemens, Carrier Global Corporation, Emerson Electric, Trane Technologies Plc, Lennox, Delta Controls, Distech Controls, KMC Controls.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Climate Control System Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/climate-control-system-market/download-sampleMarket DynamicsThe growing trend of smart homes, the thriving construction sector, and the continuously growing automotive industry is fuelling demand for the climate control system.
The emergence of IoT-enabled climate control systems and the need to achieve energy efficiency in buildings are among the key factors boosting the market for the climate control system.
Installing a climate control system helps in cost-saving, resource conservation, predictive maintenance, comfort control, and healthy building performance, as a result, demand for climate control systems has increased.
Moreover, an increase in the use of eco-friendly refrigerants and stringent emission norms has brought some innovations and has strengthened the growth of the climate control system market.
Global Automotive Climate Control System Market Research Report: Information By Technology (Automatic, and Manual), Vehicle Type (Passenger Vehicle, and Commercial Vehicle), and Regions (North America, Europe, Asia Pacific, and RoW) – Forecast Till 2023Market OverviewThe automotive climate control system, as the name suggests, is the climate control system in automobiles in various conditions.
The automotive industry is growing at booming speeds globally and will maintain its pace, which has directly boosted the demands for climate control systems.Get Free Sample @ https://www.marketresearchfuture.com/sample_request/4163As the spending capacities of people are increasing, the demands for costly vehicles with advanced features increase, which is boosting the market and going to rise as time passes.
The companies are regularly working towards developing these systems for better efficiency and less environmental hazards, which has attracted hefty investments in research development programs and is among the major factors boosting this market.
These systems work efficiently in all climatic conditions, increasing the demand from the coldest to hottest regions.Apart from the uses and features involved, the global automotive climate control system market faces serious challenges from failure, high maintenance costs, and rigid regulations against the emissions, which has somehow degraded the growth of this market.
This report will shed light on the competition, opportunities, drivers restraints, and other factors affecting the local and global automotive climate control system market.
The global market is expected to register nearly a 04 % annual growth rate during the survey.Key PlayersValeo S.A. (France), Hanon system (South Korea), Sanden Corporation (Japan), Denso Corporation (Japan), and Eberspächer Group (Germany) are some of the major participants of the global automotive climate control system market expected to play crucial roles in the share analysis.
SummaryGlobal Auto Climate Control System Market Size, Research Report: Information By Technology (Automatic, and Manual), Vehicle Type (Passenger Vehicle, and Commercial Vehicle), and Regions (North America, Europe, Asia Pacific, and RoW) – Forecast Till 2023Auto Climate Control System Market Size SynopsisAutomotive climate control system, as the name suggests creates ambient comfort within the vehicle.
Considering the demand for futuristic comfort features, nowadays, most of the vehicles are equipped either with manual or automatic climate control system.Key PlayersValeo S.A. (France), Hanon system (South Korea), Sanden Corporation (Japan), Denso Corporation (Japan), and Eberspächer Group (Germany) are some of the major participants of the global Auto Climate Control System Market Size expected to play crucial roles in the share analysis.
Some other players anticipated to contribute a considerable amount of revenue to the market are Bergstrom Inc. (U.S.), Keihin Corporation (Japan), Calsonic Kansei Corporation (Japan), Mahle GmbH (Germany), and Air International Thermal system (Australia).
In addition, growth trajectories such as mergers & acquisitions, collaborations, partnerships, agreements, etc.
The global economic development is poised to support the growth of the segment over the next couple of years.Based on vehicle type, the segments of Auto Climate Control System Market Size are passenger vehicle and commercial vehicle.
It is also prognosticated to register a relatively higher CAGR across the assessment period.Regional AnalysisThe regional assessment of the global Auto Climate Control System Market Size is covered in this MRFR report on regional and country-level basis.
