Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact firstname.lastname@example.org.
LONDON, February 19, 2014 /PRNewswire/ --
Demand for air conditioning systems in passenger cars has grown rapidly over the last decade and is continuing to grow according to research undertaken by just-auto.com. Annual global fitment of air-conditioning units to light vehicles is projected to rise by more than a third from an estimated 57.1m units in 2013 to 76.1m by 2018.
The research report, Global light vehicle HVAC market 2008 to 2028 forecasts that HVAC growth will be strongest in the rapidly growing markets such as China, India and Brazil.
In all these regions, the report says, the climate conditions warrant at least a basic air conditioning system and as consumer disposable income increases in line with economic growth there is a growing demand for HVAC in new vehicles.
However, in the mature markets such as Japan and North America penetration levels for air-con in new vehicles are nearing saturation and are unlikely to offer much room for further growth, the report concludes.
The report concludes that while it seems unlikely that air-con will become standard fit across all vehicle segments in all regions, penetration rates will slowly increase over time and such systems will become commonplace.
On a global scale compact, inexpensive systems have also been applied to vehicles in markets such as China where around 75% of vehicles produced in 2013 offered air conditioning in some shape or form.
The report also notes that emphasis is also being placed on energy efficient systems which have been designed to improve emissions reduction and fuel consumption. This has been driven to a large extent by climate and environmental considerations and regulations. The introduction of the electric compressor is a good example of product innovation in this area. Toyota was the first to introduce an electric compressor which it first used in the 2003 Prius hybrid passenger car.
While mature markets offer little room for overall growth there are nevertheless growth opportunities. In Europe, the B-segment is a fast growing segment of the market and includes vehicles such as the Toyota iQ, Fiat 500 and Opel's ADAM. Penetration levels for HVAC in this segment are estimated at 60-65% and rapidly increasing. This is also the segment that offers the best opportunity for semi-automatic and fully automatic HVAC systems. Currently penetration levels for automatic systems in the Sub B segments are relatively low at around 33% leaving considerable scope for suppliers to win new business.
Established in 1999, just-auto is a leading online resource for the global automotive industry, publishing around 50 news articles, analysis features and insights every working day. Under the direction of Director of Automotive Services David Leggett, its experienced team of journalists, consultants and analysts provide a unique blend of that is delivered to over 90,000 business executives per month.
Via its website, webinars and QUBE, CONSULT and PLDB research platforms, just-auto offers insight into OEM and supplier corporate strategies, manufacturing developments, in-depth management briefings, supplier technologies and innovations, component market trends and forecasts and current/future car model programmes.
For details of how just-auto helps automotive decision makers visit http://www.just-auto.com
For further information and images please contact John Newton, Public Relations at Aroq Limited on +44(0)1527-573-734, email email@example.com
©2012 PR Newswire. All Rights Reserved.