The Asia Pacific Electric Vehicle HVAC Market would witness market growth of 10.5% CAGR during the forecast period (2023-2030).
The growth of the market is supported by the increasing demand for energy-efficient HVAC systems and electric vehicles. Moreover, technological advancements, such as enhanced thermal management systems and integration with intelligent controls, present prospects for innovation and development in the market over the forecast period.
Increasing demand for safety, comfort, and aesthetic features has resulted in several technological advances in automobiles. The HVAC system ensures the convenience of both the motorist and the passenger. In addition, the system contributes to defrosting windows, dehumidifying air, and demisting windshields, thereby enhancing the occupants' comfort. Future risk factors are obliterated by the system's safe and clear operation. Thus, the increase in safety resulting from the adoption of HVAC systems, which provide safe and favorable conditions within the vehicle interior, is anticipated to provide growth opportunities for manufacturers of electric vehicle HVAC systems.
Due to increased EV sales, particularly in China, the Pacific region has captured the electric vehicle industry. The largest consumer and producer of electric vehicles worldwide is China. Public policy objectives, constructive rules, and neighborhood air quality considerations all support local interests. When combined with innovative pricing methods, the proper technology, and support infrastructure, the nation can successfully adopt electric vehicles, which has been realized by the government of India and hence stated in their agenda. As a result of this, the market may witness significant growth in the region because the adoption of electric vehicles is likely to accelerate.
The China market dominated the Asia Pacific Electric Vehicle HVAC Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.0 billion by 2030. The Japan market is anticipated to grow at a CAGR of 9.7% during (2023 - 2030). Additionally, The India market would register a CAGR of 11.3% during (2023 - 2030).
Based on Technology, the market is segmented into BEV, and PHEV. Based on Component, the market is segmented into Condenser, Compressor, Heater Core, Evaporator, and Others. Based on Vehicle Type, the market is segmented into Passenger Vehicle, and Commercial Vehicle. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Electric Vehicle HVAC Market is Projected to reach USD 9.3 Billion by 2030, at a CAGR of 10.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Valeo SA, Hanon Systems (Hahn & Co. Auto Holdings Co., Ltd.), Toyota Industries Corporation, Mahle GmbH (Mahle Stiftung GmbH), Panasonic Holdings Corporation, Johnson Electric Holdings Limited, Sanden Corporation (Hisense Home Appliances Group Co., Ltd), Marelli Holdings Co., Ltd., Denso Corporation, and Brose Fahrzeugteile SE & Co. KG
Scope of the Study
Market Segments Covered in the Report:
By Technology
By Component
- Condenser
- Compressor
- Heater Core
- Evaporator
- Others
By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Valeo SA
- Hanon Systems (Hahn & Co. Auto Holdings Co., Ltd.)
- Toyota Industries Corporation
- Mahle GmbH (Mahle Stiftung GmbH)
- Panasonic Holdings Corporation
- Johnson Electric Holdings Limited
- Sanden Corporation (Hisense Home Appliances Group Co., Ltd)
- Marelli Holdings Co., Ltd.
- Denso Corporation
- Brose Fahrzeugteile SE & Co. KG
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Electric Vehicle HVAC Market, by Technology
1.4.2 Asia Pacific Electric Vehicle HVAC Market, by Component
1.4.3 Asia Pacific Electric Vehicle HVAC Market, by Vehicle Type
1.4.4 Asia Pacific Electric Vehicle HVAC Market, by Country
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Forces Analysis
Chapter 4. Strategies deployed in Electric Vehicle HVAC Market
Chapter 5. Asia Pacific Electric Vehicle HVAC Market by Technology
5.1 Asia Pacific BEV Market by Country
5.2 Asia Pacific PHEV Market by Country
Chapter 6. Asia Pacific Electric Vehicle HVAC Market by Component
6.1 Asia Pacific Condenser Market by Country
6.2 Asia Pacific Compressor Market by Country
6.3 Asia Pacific Heater Core Market by Country
6.4 Asia Pacific Evaporator Market by Country
6.5 Asia Pacific Others Market by Country
Chapter 7. Asia Pacific Electric Vehicle HVAC Market by Vehicle Type
7.1 Asia Pacific Passenger Vehicle Market by Country
7.2 Asia Pacific Commercial Vehicle Market by Country
Chapter 8. Asia Pacific Electric Vehicle HVAC Market by Country
8.1 China Electric Vehicle HVAC Market
8.1.1 China Electric Vehicle HVAC Market by Technology
8.1.2 China Electric Vehicle HVAC Market by Component
8.1.3 China Electric Vehicle HVAC Market by Vehicle Type
8.2 Japan Electric Vehicle HVAC Market
8.2.1 Japan Electric Vehicle HVAC Market by Technology
8.2.2 Japan Electric Vehicle HVAC Market by Component
8.2.3 Japan Electric Vehicle HVAC Market by Vehicle Type
8.3 India Electric Vehicle HVAC Market
8.3.1 India Electric Vehicle HVAC Market by Technology
8.3.2 India Electric Vehicle HVAC Market by Component
8.3.3 India Electric Vehicle HVAC Market by Vehicle Type
8.4 South Korea Electric Vehicle HVAC Market
8.4.1 South Korea Electric Vehicle HVAC Market by Technology
8.4.2 South Korea Electric Vehicle HVAC Market by Component
8.4.3 South Korea Electric Vehicle HVAC Market by Vehicle Type
8.5 Singapore Electric Vehicle HVAC Market
8.5.1 Singapore Electric Vehicle HVAC Market by Technology
8.5.2 Singapore Electric Vehicle HVAC Market by Component
8.5.3 Singapore Electric Vehicle HVAC Market by Vehicle Type
8.6 Malaysia Electric Vehicle HVAC Market
8.6.1 Malaysia Electric Vehicle HVAC Market by Technology
8.6.2 Malaysia Electric Vehicle HVAC Market by Component
8.6.3 Malaysia Electric Vehicle HVAC Market by Vehicle Type
8.7 Rest of Asia Pacific Electric Vehicle HVAC Market
8.7.1 Rest of Asia Pacific Electric Vehicle HVAC Market by Technology
8.7.2 Rest of Asia Pacific Electric Vehicle HVAC Market by Component
8.7.3 Rest of Asia Pacific Electric Vehicle HVAC Market by Vehicle Type
Chapter 9. Company Profiles
9.1 Valeo SA
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 Hanon Systems (Hahn & Co. Auto Holdings Co., Ltd.)
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Geographical Expansions:
9.2.6 SWOT Analysis
9.3 Toyota Industries Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.6 SWOT Analysis
9.4 Mahle GmbH (Mahle Stiftung GmbH)
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Product Launches and Product Expansions:
9.4.5.2 Acquisition and Mergers:
9.4.6 SWOT Analysis
9.5 Panasonic Holdings Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent strategies and developments:
9.5.5.1 Acquisition and Mergers:
9.5.6 SWOT Analysis
9.6 Johnson Electric Holdings Limited
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Regional Analysis
9.6.4 Recent strategies and developments:
9.6.4.1 Acquisition and Mergers:
9.6.5 SWOT Analysis
9.7 Sanden Corporation (Hisense Home Appliances Group Co., Ltd)
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Recent strategies and developments:
9.7.3.1 Partnerships, Collaborations, and Agreements:
9.7.4 SWOT Analysis
9.8 Marelli Holdings Co., Ltd.
9.8.1 Company Overview
9.8.2 Recent strategies and developments:
9.8.2.1 Partnerships, Collaborations, and Agreements:
9.8.2.2 Product Launches and Product Expansions:
9.8.3 SWOT Analysis
9.9 Denso Corporation
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Regional Analysis
9.9.4 SWOT Analysis
9.10. Brose Fahrzeugteile SE & Co. KG
9.10.1 Company Overview
9.10.2 SWOT Analysis
TABLE 1 Asia Pacific Electric Vehicle HVAC Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Electric Vehicle HVAC Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Electric Vehicle HVAC Market by Technology, 2019 - 2022, USD Million
TABLE 4 Asia Pacific Electric Vehicle HVAC Market by Technology, 2023 - 2030, USD Million
TABLE 5 Asia Pacific BEV Market by Country, 2019 - 2022, USD Million
TABLE 6 Asia Pacific BEV Market by Country, 2023 - 2030, USD Million
TABLE 7 Asia Pacific PHEV Market by Country, 2019 - 2022, USD Million
TABLE 8 Asia Pacific PHEV Market by Country, 2023 - 2030, USD Million
TABLE 9 Asia Pacific Electric Vehicle HVAC Market by Component, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Electric Vehicle HVAC Market by Component, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Condenser Market by Country, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Condenser Market by Country, 2023 - 2030, USD Million
TABLE 13 Asia Pacific Compressor Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Compressor Market by Country, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Heater Core Market by Country, 2019 - 2022, USD Million
TABLE 16 Asia Pacific Heater Core Market by Country, 2023 - 2030, USD Million
TABLE 17 Asia Pacific Evaporator Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Evaporator Market by Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 20 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 21 Asia Pacific Electric Vehicle HVAC Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Electric Vehicle HVAC Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 23 Asia Pacific Passenger Vehicle Market by Country, 2019 - 2022, USD Million
TABLE 24 Asia Pacific Passenger Vehicle Market by Country, 2023 - 2030, USD Million
TABLE 25 Asia Pacific Commercial Vehicle Market by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Commercial Vehicle Market by Country, 2023 - 2030, USD Million
TABLE 27 Asia Pacific Electric Vehicle HVAC Market by Country, 2019 - 2022, USD Million
TABLE 28 Asia Pacific Electric Vehicle HVAC Market by Country, 2023 - 2030, USD Million
TABLE 29 China Electric Vehicle HVAC Market, 2019 - 2022, USD Million
TABLE 30 China Electric Vehicle HVAC Market, 2023 - 2030, USD Million
TABLE 31 China Electric Vehicle HVAC Market by Technology, 2019 - 2022, USD Million
TABLE 32 China Electric Vehicle HVAC Market by Technology, 2023 - 2030, USD Million
TABLE 33 China Electric Vehicle HVAC Market by Component, 2019 - 2022, USD Million
TABLE 34 China Electric Vehicle HVAC Market by Component, 2023 - 2030, USD Million
TABLE 35 China Electric Vehicle HVAC Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 36 China Electric Vehicle HVAC Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 37 Japan Electric Vehicle HVAC Market, 2019 - 2022, USD Million
TABLE 38 Japan Electric Vehicle HVAC Market, 2023 - 2030, USD Million
TABLE 39 Japan Electric Vehicle HVAC Market by Technology, 2019 - 2022, USD Million
TABLE 40 Japan Electric Vehicle HVAC Market by Technology, 2023 - 2030, USD Million
TABLE 41 Japan Electric Vehicle HVAC Market by Component, 2019 - 2022, USD Million
TABLE 42 Japan Electric Vehicle HVAC Market by Component, 2023 - 2030, USD Million
TABLE 43 Japan Electric Vehicle HVAC Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 44 Japan Electric Vehicle HVAC Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 45 India Electric Vehicle HVAC Market, 2019 - 2022, USD Million
TABLE 46 India Electric Vehicle HVAC Market, 2023 - 2030, USD Million
TABLE 47 India Electric Vehicle HVAC Market by Technology, 2019 - 2022, USD Million
TABLE 48 India Electric Vehicle HVAC Market by Technology, 2023 - 2030, USD Million
TABLE 49 India Electric Vehicle HVAC Market by Component, 2019 - 2022, USD Million
TABLE 50 India Electric Vehicle HVAC Market by Component, 2023 - 2030, USD Million
TABLE 51 India Electric Vehicle HVAC Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 52 India Electric Vehicle HVAC Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 53 South Korea Electric Vehicle HVAC Market, 2019 - 2022, USD Million
TABLE 54 South Korea Electric Vehicle HVAC Market, 2023 - 2030, USD Million
TABLE 55 South Korea Electric Vehicle HVAC Market by Technology, 2019 - 2022, USD Million
TABLE 56 South Korea Electric Vehicle HVAC Market by Technology, 2023 - 2030, USD Million
TABLE 57 South Korea Electric Vehicle HVAC Market by Component, 2019 - 2022, USD Million
TABLE 58 South Korea Electric Vehicle HVAC Market by Component, 2023 - 2030, USD Million
TABLE 59 South Korea Electric Vehicle HVAC Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 60 South Korea Electric Vehicle HVAC Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 61 Singapore Electric Vehicle HVAC Market, 2019 - 2022, USD Million
TABLE 62 Singapore Electric Vehicle HVAC Market, 2023 - 2030, USD Million
TABLE 63 Singapore Electric Vehicle HVAC Market by Technology, 2019 - 2022, USD Million
TABLE 64 Singapore Electric Vehicle HVAC Market by Technology, 2023 - 2030, USD Million
TABLE 65 Singapore Electric Vehicle HVAC Market by Component, 2019 - 2022, USD Million
TABLE 66 Singapore Electric Vehicle HVAC Market by Component, 2023 - 2030, USD Million
TABLE 67 Singapore Electric Vehicle HVAC Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 68 Singapore Electric Vehicle HVAC Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 69 Malaysia Electric Vehicle HVAC Market, 2019 - 2022, USD Million
TABLE 70 Malaysia Electric Vehicle HVAC Market, 2023 - 2030, USD Million
TABLE 71 Malaysia Electric Vehicle HVAC Market by Technology, 2019 - 2022, USD Million
TABLE 72 Malaysia Electric Vehicle HVAC Market by Technology, 2023 - 2030, USD Million
TABLE 73 Malaysia Electric Vehicle HVAC Market by Component, 2019 - 2022, USD Million
TABLE 74 Malaysia Electric Vehicle HVAC Market by Component, 2023 - 2030, USD Million
TABLE 75 Malaysia Electric Vehicle HVAC Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 76 Malaysia Electric Vehicle HVAC Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 77 Rest of Asia Pacific Electric Vehicle HVAC Market, 2019 - 2022, USD Million
TABLE 78 Rest of Asia Pacific Electric Vehicle HVAC Market, 2023 - 2030, USD Million
TABLE 79 Rest of Asia Pacific Electric Vehicle HVAC Market by Technology, 2019 - 2022, USD Million
TABLE 80 Rest of Asia Pacific Electric Vehicle HVAC Market by Technology, 2023 - 2030, USD Million
TABLE 81 Rest of Asia Pacific Electric Vehicle HVAC Market by Component, 2019 - 2022, USD Million
TABLE 82 Rest of Asia Pacific Electric Vehicle HVAC Market by Component, 2023 - 2030, USD Million
TABLE 83 Rest of Asia Pacific Electric Vehicle HVAC Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 84 Rest of Asia Pacific Electric Vehicle HVAC Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 85 Key Information – Valeo SA
TABLE 86 Key Information – Hanon Systems
TABLE 87 Key Information – Toyota Industries Corporation
TABLE 88 Key information – Mahle GmbH
TABLE 89 Key Information – panasonic holdings corporation
TABLE 90 Key Information – Johnson Electric Holdings Limited
TABLE 91 Key Information – Sanden corporation
TABLE 92 Key information – Marelli holdings co., ltd.
TABLE 93 Key Information – Denso Corporation
TABLE 94 Key information – Brose Fahrzeugteile SE & Co. KG
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Electric Vehicle HVAC Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Electric Vehicle HVAC Market
FIG 4 Porter’s Five Forces Analysis - Electric Vehicle HVAC Market
FIG 5 Asia Pacific Electric Vehicle HVAC Market share by Technology, 2022
FIG 6 Asia Pacific Electric Vehicle HVAC Market share by Technology, 2030
FIG 7 Asia Pacific Electric Vehicle HVAC Market by Technology, 2019 - 2030, USD Million
FIG 8 Asia Pacific Electric Vehicle HVAC Market share by Component, 2022
FIG 9 Asia Pacific Electric Vehicle HVAC Market share by Component, 2030
FIG 10 Asia Pacific Electric Vehicle HVAC Market by Component, 2019 - 2030, USD Million
FIG 11 Asia Pacific Electric Vehicle HVAC Market share by Vehicle Type, 2022
FIG 12 Asia Pacific Electric Vehicle HVAC Market share by Vehicle Type, 2030
FIG 13 Asia Pacific Electric Vehicle HVAC Market by Vehicle Type, 2019 - 2030, USD Million
FIG 14 Asia Pacific Electric Vehicle HVAC Market share by Country, 2022
FIG 15 Asia Pacific Electric Vehicle HVAC Market share by Country, 2030
FIG 16 Asia Pacific Electric Vehicle HVAC Market by Country, 2019 - 2030, USD Million
FIG 17 SWOT Analysis: Valeo SA
FIG 18 SWOT Analysis: Hanon Systems
FIG 19 SWOT Analysis: Toyota Industries Corporation
FIG 20 Recent strategies and developments: Mahle GmbH
FIG 21 SWOT Analysis: Mahle GmbH
FIG 22 SWOT Analysis: Panasonic Holdings Corporation
FIG 23 SWOT Analysis: Johnson Electric Holdings Limited
FIG 24 SWOT Analysis: Sanden Corporation
FIG 25 Recent strategies and developments: Marelli holdings co., ltd.
FIG 26 SWOT Analysis: Marelli holdings co., ltd.
FIG 27 SWOT Analysis: Denso Corporation
FIG 28 SWOT Analysis: Brose Fahrzeugteile SE & Co. KG