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2019

India Automotive HVAC Market

India Automotive HVAC Market Size, Share, Competitive Landscape and Trend Analysis Report by Technology and Vehicle Type : Opportunity Analysis and Industry Forecast, 2019-2026

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Author's: Anvay Sonpimple | Lalit Janardhan Katare
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India Automotive HVAC Market Outlook: 2026

The India automotive HVAC market size generated revenue worth $821.8 million in 2018 and is projected to reach $2,033.1 million by 2026, registering a CAGR of 11.6% during the forecast period. The passenger cars by vehicle type segment accounted for the highest share in 2018 and is anticipated to exhibit remarkable growth rate during the forecast period. 

A heating, ventilation, and air conditioning (HVAC) system in a vehicle is used to control the internal temperature of the vehicle cabin. It includes three subsystems, namely, heating, cooling, and air conditioning, that work together to provide purified air to the vehicle cabin, ensuring thermal comfort to drivers and passengers. It controls the air temperature, inspects the moisture content in the air, and eliminates excessive humidity from the circulating air. Well-established companies, such as Audi, Mercedes, and BMW, focus on customized and consumer-friendly HVAC systems. For instance, the BMW 6 Series supports automatic air conditioning, including air distribution for driver and passengers, fogging sensor, and automatic climate control system.

India Automotive HVAC Market

Improving the hygiene of HVAC system is essential as heating, ventilations and air-conditioning systems in automobiles are vulnerable to microbial contamination as the circulating air is itself contaminated with airborne microbes. The undesired aspect of microbes that contaminates the automotive air circulations systems includes an unpleasant odor in the cabin and introduces harmful microbes in the vehicle’s environment. Antimicrobial technology can be a solution for these issues by removing the survival and presence of microbes in automotive HVAC systems. Antimicrobial substances are stably incorporated into coatings and polymers to provide a long lasting and effective antimicrobial effect.

The factors such as growth in the Indian automotive industry, rise in demand for thermal comfort, and increase in safety due to adoption of HVAC systems are expected to boost the growth of the India automotive HVAC market. However, high maintenance cost of HVAC system restrains the growth of the market. Furthermore, adoption of eco-friendly refrigerants and production of cheaper HVAC systems provides lucrative growth opportunities for the players operating in the Indian automotive HVAC market.

India Automotive HVAC Market
By Technology
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Automatic by technology segment is projected as the most lucrative segments

The India automotive HVAC market is segmented on the basis of technology and vehicle type. Based on technology, the market is bifurcated into manual and automatic. By vehicle type, it is classified into passenger cars, light commercial vehicle, and heavy commercial vehicle.

The key India automotive HVAC market player profiled in the report include Samvardhana Motherson Group, MAHLE ANAND Thermal Systems, Subros Limited, Sanden Vikas (India) Ltd., Denso Corporation, Hanon Systems, Johnson Electric Holdings Limited, Sensata Technologies, Keihin Corporation, Valeo Service, and others.

India Automotive HVAC Market
By Vehicle Type
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Automatic by technology segment is projected as the most lucrative segments

Growth in the Indian automobile industry   

Over the past few years, developing nations are witnessing considerable rise in the demand and production of automobile. For instance, India became the fourth largest automobile industry in the world with the increase in sales by 9.5% to 4.2 million units from 2017 to 2018. This rise in automobile production in the developing nations automatically leads to increase in demand for the production of automotive HVAC system for a comfortable riding experience. Therefore, increase in automobile production is anticipated to boost the growth of the Indian automotive HVAC market.

Rise in demand for thermal comfort

Thermal comfort in vehicles is considered as one of the most important factors while purchasing a vehicle. The installation of HVAC system ensures an ambient thermal environment for the driver as well as passengers. HVAC system not only contributes to a better thermal environment but also improves the efficiency of air conditioning; thereby, reducing fuel consumption. Efficient HVAC systems ensure appropriate vehicular temperature levels, which can lead to enhanced passenger comfort, fuel economy, and others. Thus, rise in demand for thermal comfort in automobiles is anticipated to propel the growth of the automotive HVAC market in India.

High maintenance cost

Installation of HVAC unit in a vehicle results in increase in the overall cost of the automobile. An automobile HVAC unit consists of compressor, condensers, evaporators, and other components. However, regular maintenance is required that is significantly expensive to keep these components in good working condition. Compressor is the costliest component in the systems and requires proper refrigerant and lubrication levels to reduce the risk of premature compression failure. Thus, high maintenance cost of the overall components of HVAC system is anticipated to hinder the growth of the India automotive HVAC market.

Adoption of eco-friendly refrigerants

The installation of eco-friendly refrigerants such as R744/CO2 in automobiles is expected to not only foster the growth of the automotive HVAC system market but also help in saving the environment. Substitute refrigerants such as R744 and CO2, are projected to increase fuel efficiency and reduce pollution from vehicles, which will benefit the environment. For instance, in May 2017, Sanden Automotive Components Corporation completed industrializations and development of compressors for air conditioning systems in cars using CO2 refrigerant. Thus, adoption of eco-friendly refrigerants in automobiles holds a remarkable growth opportunity for the key players operating in the India automotive HVAC market. 

Production of cheaper HVAC systems

Installation and maintenance of the HVAC components such as compressor, evaporator, condenser, and others, are costly. For efficient working of the HVAC system in automobile proper level of liquids such as lubricants, refrigerants, and others, and regular maintenance is required. Thus, production of cheaper HVAC systems for automobiles provides lucrative growth opportunity for the players operating in the India automotive HVAC market.

Key Benefits for India Automotive HVAC Market:

  • This study presents the analytical depiction of the India automotive HVAC market analysis along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall India automotive HVAC market opportunity is determined by understanding the profitable trends to gain a stronger foothold.
  • The report presents information related to the key drivers, restraints, and opportunities of the market with a detailed impact analysis.
  • The current India automotive HVAC market trends is quantitatively analyzed from 2019 to 2026 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

India Automotive HVAC Market Segments:

By Technology

  • Manual
  • Automatic

By Vehicle Type

  • Passenger Cars
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

India Automotive HVAC Market Report Highlights

Aspects Details
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By Technology
  • Manual
  • Automatic
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By Vehicle Type
  • Passenger Cars
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle
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Key Market Players

VALEO SERVICE, KEIHIN CORPORATION, MAHLE ANAND THERMAL SYSTEMS, SENSATA TECHNOLOGIES, SAMVARDHANA MOTHERSON GROUP, SUBROS LIMITED, JOHNSON ELECTRIC HOLDINGS LIMITED, SANDEN VIKAS (INDIA) LTD., DENSO CORPORATION, HANON SYSTEMS

Analyst Review

A Heating, ventilation, and air conditioning (HVAC) systems are installed in vehicles to maintain the internal climate of the vehicle cabins. The HVAC systems can be operated manually or automatically thereby allowing individuals to maintain the desired temperature inside the vehicle cabin. In addition, the system helps in defrosting and demisting the windows, even at low temperature, assuring thermal comfort to all the commuters. India has witnessed a prominent growth in the automotive HVAC market owing to rise in the automobile industry in the country.

The factors such as growth in the Indian automotive industry, rise in demand for thermal comfort, and increase in safety due to adoption of HVAC systems are expected to boost the growth of the India automotive HVAC market. However, high maintenance cost of HVAC system restrains the growth of the market. Furthermore, adoption of eco-friendly refrigerants and production of cheaper HVAC systems provides lucrative growth opportunity for the players operating in the Indian automotive HVAC market.

Among the analyzed vehicle type, currently, the passenger cars segment is the highest revenue contributor and is expected to exhibit a significant growth during the forecast period, followed by light commercial vehicle and heavy commercial vehicle.

Author Name(s) : Anvay Sonpimple | Lalit Janardhan Katare
Frequently Asked Questions?

The India automotive HVAC market generated revenue worth $821.8 million in 2018 and is projected to reach $2,033.1 million by 2026, registering a CAGR of 11.6% during the forecast period.

The forecast period in the India Automotive HVAC Market would be 2026

The market value of India Automotive HVAC Market in 2019 is estimated to be $ 941.0 Million

The base year calculated in the India Automotive HVAC Market report is 2018

The companies are selected based on the product offerings, organic and inorganic strategies adopted and Georgraphic footprint. Additional, the company tie ups with key OEMs and revenue generated are the key pointers for selection.

The major companies holding the major share includes Samvardhana Motherson Group, MAHLE ANAND Thermal Systems, Subros Limited, Sanden Vikas (India) Ltd., Denso Corporation, Hanon Systems, Johnson Electric Holdings Limited, Sensata Technologies, Keihin Corporation, and Valeo Service

In terms of technology Automatic is estimated to be a matured market growing at a CAGR of 12.5% during the forecast period.

In terms of sVehicle type LCV is estimated to be a most influencing segment growing at a CAGR of 14.4% during the forecast period.

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India Automotive HVAC Market

Opportunity Analysis and Industry Forecast, 2019-2026