Automotive HVAC Market Report Scope to Witness Rapid Increase in Consumption During 2030
Market Overview In its recently published research study, Market Research Future (MRFR) asserts that the global automotive HVAC market is booming and expected to expand exponentially over the review period, recording a significant market valuation and a modest 7% CAGR over the forecast period. Drivers and Restraints The growth of the global automotive HVAC market is accountable for by several factors. In automobiles there is primarily a growing demand for thermal systems and automatic climate control features. In addition, in the urban sector, people drive long distances in their personal vehicles, and hence the need for HVAC is greater. Moreover, global temperatures are rising due to global warming and climate change, which leads to increased demand for ambient temperatures inside the automobile. However, knowledge of the use of environmentally friendly refrigerants and automotive coolants in the HVAC system results in the need for sophisticated and technologically developed HVAC s