Global Automotive Climate Control Systems Market projected to grow to USD 18.93 billion by 2033.

From GlobeNewswire: 2024-06-17 11:00:00

The Global Automotive Climate Control Systems Market is projected to grow from USD 10.37 billion in 2023 to USD 18.93 billion by 2033, with a CAGR of 6.20%. The system adjusts internal temperature in cars and is essential for thermal comfort. Government regulations, rising car production, and vehicle ownership in developing countries contribute to market growth. The automatic segment is expected to dominate the market due to its convenience for drivers and passengers, while the condensers segment is anticipated to grow the fastest due to its role in cooling the refrigerant vapor. OEMs are predicted to experience the highest growth in distribution channels, especially in regions like Asia Pacific and North America. The Asia Pacific region is expected to lead the market due to increased urbanization, population growth, and consumer demand for automobiles, especially in countries like China. The growth in North America is attributed to advanced temperature control systems in vehicles and the presence of major automakers. Major vendors in the market include Sanden Holdings Corporation, Valeo, DENSO CORPORATION, and others. In recent developments, Porsche introduced the eMacan, an all-electric SUV with a modern climate control panel, marrying classic buttons and haptic surface technology for comfort and usability. The Global Automotive Climate Control Systems Market is segmented by technology, components, distribution channels, and regions for comprehensive analysis and forecasts till 2033. Other related reports on the automotive industry include the Global Automotive V2X Market, Global Customized Car Market, Global Automotive Turbocharger Market, and Global Diesel Exhaust Fluid Market.



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