Press release
India Automotive HVAC Market Statistics 2026: Major Factors that can Increase the Global Demand
According to the report, the India automotive HVAC market was estimated at $821 million in 2018, and is expected to reach $2.03 billion by 2026, growing at a CAGR of 11.6% from 2019-2026. The report offers a detailed analysis of the drivers & opportunities, top investment pockets, top winning strategies, market size & estimations, competitive scenario, and changing market trends.
Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/4938
Development in the Indian automobile industry, increase in demand for thermal comfort, and improvement in safety measures due to adoption of HVAC systems fuel the growth of the India automotive HVAC market. On the other hand, high maintenance cost hinders the growth to some extent. Nevertheless, adoption of eco-friendly refrigerants and production of cheaper HVAC systems are expected to pave the way for a number of opportunities for the key players in the industry.
The automatic segment to dominate through 2019-2026
Based on technology, the automatic segment contributed to nearly three-fifths of the total market revenue in 2018 and is expected to rule the roost throughout 2019-2026. With automatic HVAC system on board, the temperature can be set for once. Also, the fact that the HVAC system can adjust the temperature automatically depending on the outside temperature for the rest of the journey has spurred the growth of the segment. The same segment is also anticipated to grow at the fastest CAGR of 12.5% by the end of 2026.
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/4938
The passenger cars segment to lead the trail by 2026
Based on vehicle type, the passenger cars segment accounted for more than two-thirds of the total market share in 2018 and is projected to maintain the lion's share by 2026. This is due to large young population, rising income, and growing Indian automotive industry. At the same time, the light commercial vehicle segment would cite the fastest CAGR of 14.4% during the estimated period. Increasing demand for light commercial vehicle owing to rising activities in the infrastructure sector has boosted the growth.
Development in the Indian automobile industry, rise in demand for thermal comfort, and improvement in safety measures due to adoption of HVAC systems drive the India automotive HVAC market. By technology, the automotive segment would remain lucrative during the study period. By vehicle type, the passenger cars segment garnered the major share in 2018.
Report Customization @ https://www.alliedmarketresearch.com/request-for-customization/4938
Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research
About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/4938
Development in the Indian automobile industry, increase in demand for thermal comfort, and improvement in safety measures due to adoption of HVAC systems fuel the growth of the India automotive HVAC market. On the other hand, high maintenance cost hinders the growth to some extent. Nevertheless, adoption of eco-friendly refrigerants and production of cheaper HVAC systems are expected to pave the way for a number of opportunities for the key players in the industry.
The automatic segment to dominate through 2019-2026
Based on technology, the automatic segment contributed to nearly three-fifths of the total market revenue in 2018 and is expected to rule the roost throughout 2019-2026. With automatic HVAC system on board, the temperature can be set for once. Also, the fact that the HVAC system can adjust the temperature automatically depending on the outside temperature for the rest of the journey has spurred the growth of the segment. The same segment is also anticipated to grow at the fastest CAGR of 12.5% by the end of 2026.
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/4938
The passenger cars segment to lead the trail by 2026
Based on vehicle type, the passenger cars segment accounted for more than two-thirds of the total market share in 2018 and is projected to maintain the lion's share by 2026. This is due to large young population, rising income, and growing Indian automotive industry. At the same time, the light commercial vehicle segment would cite the fastest CAGR of 14.4% during the estimated period. Increasing demand for light commercial vehicle owing to rising activities in the infrastructure sector has boosted the growth.
Development in the Indian automobile industry, rise in demand for thermal comfort, and improvement in safety measures due to adoption of HVAC systems drive the India automotive HVAC market. By technology, the automotive segment would remain lucrative during the study period. By vehicle type, the passenger cars segment garnered the major share in 2018.
Report Customization @ https://www.alliedmarketresearch.com/request-for-customization/4938
Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research
About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
