Portland, OR -- (SBWIRE) -- 02/07/2018 -- Automotive HVAC System Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $22.8 billion, registering a CAGR of 8.9% during the forecast period 2016-2022. Asia-Pacific is expected to dominate the market throughout the analysis period, growing at the highest CAGR of 10.2% during the forecast period. Factors such as automatic climate control feature, adoption of eco-friendly refrigerant and use of geothermal heat pumps have resulted in the overall increase in demand for automotive HVAC systems. However, high maintenance cost and low fuel economy are likely to affect the market growth.

On the basis of vehicle type, passenger cars generated higher revenue in comparison to commercial vehicles, accounting for over 67% of the market revenue in 2015. Automakers tend to provide passenger cars and commercial vehicles with faster cooling and fuel efficient HVAC systems. As per European Union regulations, all the vehicles in Europe should have HVAC systems with non-polluting refrigerants, with a GWP (global warming potential) lesser than 150, effective from January 2017.

Get the sample copy of this report: https://www.alliedmarketresearch.com/request-sample/115

Automotive HVAC systems can be operated manually or automatically. Automatic HVAC system dominated the market in 2015, contributing around 59% of the total revenue. Automatic climate control system inside the vehicle cabin is to be set for once and the HVAC system adjusts the temperature automatically depending on the outside temperature of the vehicle. Such factors would drive the adoption of automatic HVAC system, particularly in passenger cars.

Make a purchase enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/115

Based on geography, Asia-Pacific was the highest revenue-generating region, accounting for over 46% share in 2015, in terms of revenue, owing to high vehicle production in China, Japan, South Korea, and India. Asia-Pacific is estimated to dominate the market witnessing a CAGR of 10.2% during the forecast period, owing to increasing adoption of eco-friendly refrigerants and large-scale production of commercial and passenger vehicles.

Automotive HVAC System Market Key Segmentation:

By Technology

-Manual
-Automatic

By Vehicle Type

-Cars
-Commercial Vehicles