The Europe Electric Vehicle HVAC Market would witness market growth of 9.4% CAGR during the forecast period (2023-2030).
The HVAC (heating, ventilation, and air conditioning) system of an electric vehicle (EV) is responsible for thermal management and air quality control. The HVAC system is responsible for sustaining a suitable interior temperature and humidity level for the occupants and maximizing the EV's energy efficiency and range. The HVAC system in an EV operates differently than in a conventional vehicle with a combustion engine. Since no engine block generates heat in an EV, the HVAC system depends on alternative heating means like electric resistance radiators or heat pumps. Heat exchangers transfer heat from the exterior to the interior of a vehicle using refrigerant gas, much like the operation of an air conditioning unit.
The electric compressor circulates a refrigerant to evacuate heat from the vehicle's interior while the condenser releases the heat the process produces. The evaporator cools the air before the compressor and air intakes transport it into the cabin. Given the limited power from the vehicle's battery, such systems are designed to conserve energy. In addition, they frequently incorporate intelligent controls and cutting-edge sensors to boost performance and decrease energy consumption. Therefore, EV HVAC systems are crucial for providing occupants with a comfortable and regulated interior climate and maximizing energy efficiency.
To meet the mandated targets of CO2 emission, suppliers and manufacturers in Europe will need to minimize the level of CO2 emissions by producing HVAC systems that are fuel-efficient. This would contribute to fuel savings and a decrease in environmental pollution. The UK is the second-largest premium vehicle manufacturing location in the world and is recognized for its luxury and sports cars, including those made by Jaguar, Bentley, Rolls-Royce, and Morgan. Different market growth prospects are opening up in the region due to the rise in commercial vehicle sales and technological advancements in HVAC systems.
The Germany market dominated the Europe Electric Vehicle HVAC Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $570.2 Million by 2030. The UK market is estimated to witness a CAGR of 8.4% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 10.3% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe Electric Vehicle HVAC Market, by Technology
1.4.2 Europe Electric Vehicle HVAC Market, by Component
1.4.3 Europe Electric Vehicle HVAC Market, by Vehicle Type
1.4.4 Europe 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. Europe Electric Vehicle HVAC Market by Technology
5.1 Europe BEV Market by Country
5.2 Europe PHEV Market by Country
Chapter 6. Europe Electric Vehicle HVAC Market by Component
6.1 Europe Condenser Market by Country
6.2 Europe Compressor Market by Country
6.3 Europe Heater Core Market by Country
6.4 Europe Evaporator Market by Country
6.5 Europe Others Market by Country
Chapter 7. Europe Electric Vehicle HVAC Market by Vehicle Type
7.1 Europe Passenger Vehicle Market by Country
7.2 Europe Commercial Vehicle Market by Country
Chapter 8. Europe Electric Vehicle HVAC Market by Country
8.1 Germany Electric Vehicle HVAC Market
8.1.1 Germany Electric Vehicle HVAC Market by Technology
8.1.2 Germany Electric Vehicle HVAC Market by Component
8.1.3 Germany Electric Vehicle HVAC Market by Vehicle Type
8.2 UK Electric Vehicle HVAC Market
8.2.1 UK Electric Vehicle HVAC Market by Technology
8.2.2 UK Electric Vehicle HVAC Market by Component
8.2.3 UK Electric Vehicle HVAC Market by Vehicle Type
8.3 France Electric Vehicle HVAC Market
8.3.1 France Electric Vehicle HVAC Market by Technology
8.3.2 France Electric Vehicle HVAC Market by Component
8.3.3 France Electric Vehicle HVAC Market by Vehicle Type
8.4 Russia Electric Vehicle HVAC Market
8.4.1 Russia Electric Vehicle HVAC Market by Technology
8.4.2 Russia Electric Vehicle HVAC Market by Component
8.4.3 Russia Electric Vehicle HVAC Market by Vehicle Type
8.5 Spain Electric Vehicle HVAC Market
8.5.1 Spain Electric Vehicle HVAC Market by Technology
8.5.2 Spain Electric Vehicle HVAC Market by Component
8.5.3 Spain Electric Vehicle HVAC Market by Vehicle Type
8.6 Italy Electric Vehicle HVAC Market
8.6.1 Italy Electric Vehicle HVAC Market by Technology
8.6.2 Italy Electric Vehicle HVAC Market by Component
8.6.3 Italy Electric Vehicle HVAC Market by Vehicle Type
8.7 Rest of Europe Electric Vehicle HVAC Market
8.7.1 Rest of Europe Electric Vehicle HVAC Market by Technology
8.7.2 Rest of Europe Electric Vehicle HVAC Market by Component
8.7.3 Rest of Europe 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 Europe Electric Vehicle HVAC Market, 2019 - 2022, USD Million
TABLE 2 Europe Electric Vehicle HVAC Market, 2023 - 2030, USD Million
TABLE 3 Europe Electric Vehicle HVAC Market by Technology, 2019 - 2022, USD Million
TABLE 4 Europe Electric Vehicle HVAC Market by Technology, 2023 - 2030, USD Million
TABLE 5 Europe BEV Market by Country, 2019 - 2022, USD Million
TABLE 6 Europe BEV Market by Country, 2023 - 2030, USD Million
TABLE 7 Europe PHEV Market by Country, 2019 - 2022, USD Million
TABLE 8 Europe PHEV Market by Country, 2023 - 2030, USD Million
TABLE 9 Europe Electric Vehicle HVAC Market by Component, 2019 - 2022, USD Million
TABLE 10 Europe Electric Vehicle HVAC Market by Component, 2023 - 2030, USD Million
TABLE 11 Europe Condenser Market by Country, 2019 - 2022, USD Million
TABLE 12 Europe Condenser Market by Country, 2023 - 2030, USD Million
TABLE 13 Europe Compressor Market by Country, 2019 - 2022, USD Million
TABLE 14 Europe Compressor Market by Country, 2023 - 2030, USD Million
TABLE 15 Europe Heater Core Market by Country, 2019 - 2022, USD Million
TABLE 16 Europe Heater Core Market by Country, 2023 - 2030, USD Million
TABLE 17 Europe Evaporator Market by Country, 2019 - 2022, USD Million
TABLE 18 Europe Evaporator Market by Country, 2023 - 2030, USD Million
TABLE 19 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 20 Europe Others Market by Country, 2023 - 2030, USD Million
TABLE 21 Europe Electric Vehicle HVAC Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 22 Europe Electric Vehicle HVAC Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 23 Europe Passenger Vehicle Market by Country, 2019 - 2022, USD Million
TABLE 24 Europe Passenger Vehicle Market by Country, 2023 - 2030, USD Million
TABLE 25 Europe Commercial Vehicle Market by Country, 2019 - 2022, USD Million
TABLE 26 Europe Commercial Vehicle Market by Country, 2023 - 2030, USD Million
TABLE 27 Europe Electric Vehicle HVAC Market by Country, 2019 - 2022, USD Million
TABLE 28 Europe Electric Vehicle HVAC Market by Country, 2023 - 2030, USD Million
TABLE 29 Germany Electric Vehicle HVAC Market, 2019 - 2022, USD Million
TABLE 30 Germany Electric Vehicle HVAC Market, 2023 - 2030, USD Million
TABLE 31 Germany Electric Vehicle HVAC Market by Technology, 2019 - 2022, USD Million
TABLE 32 Germany Electric Vehicle HVAC Market by Technology, 2023 - 2030, USD Million
TABLE 33 Germany Electric Vehicle HVAC Market by Component, 2019 - 2022, USD Million
TABLE 34 Germany Electric Vehicle HVAC Market by Component, 2023 - 2030, USD Million
TABLE 35 Germany Electric Vehicle HVAC Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 36 Germany Electric Vehicle HVAC Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 37 UK Electric Vehicle HVAC Market, 2019 - 2022, USD Million
TABLE 38 UK Electric Vehicle HVAC Market, 2023 - 2030, USD Million
TABLE 39 UK Electric Vehicle HVAC Market by Technology, 2019 - 2022, USD Million
TABLE 40 UK Electric Vehicle HVAC Market by Technology, 2023 - 2030, USD Million
TABLE 41 UK Electric Vehicle HVAC Market by Component, 2019 - 2022, USD Million
TABLE 42 UK Electric Vehicle HVAC Market by Component, 2023 - 2030, USD Million
TABLE 43 UK Electric Vehicle HVAC Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 44 UK Electric Vehicle HVAC Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 45 France Electric Vehicle HVAC Market, 2019 - 2022, USD Million
TABLE 46 France Electric Vehicle HVAC Market, 2023 - 2030, USD Million
TABLE 47 France Electric Vehicle HVAC Market by Technology, 2019 - 2022, USD Million
TABLE 48 France Electric Vehicle HVAC Market by Technology, 2023 - 2030, USD Million
TABLE 49 France Electric Vehicle HVAC Market by Component, 2019 - 2022, USD Million
TABLE 50 France Electric Vehicle HVAC Market by Component, 2023 - 2030, USD Million
TABLE 51 France Electric Vehicle HVAC Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 52 France Electric Vehicle HVAC Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 53 Russia Electric Vehicle HVAC Market, 2019 - 2022, USD Million
TABLE 54 Russia Electric Vehicle HVAC Market, 2023 - 2030, USD Million
TABLE 55 Russia Electric Vehicle HVAC Market by Technology, 2019 - 2022, USD Million
TABLE 56 Russia Electric Vehicle HVAC Market by Technology, 2023 - 2030, USD Million
TABLE 57 Russia Electric Vehicle HVAC Market by Component, 2019 - 2022, USD Million
TABLE 58 Russia Electric Vehicle HVAC Market by Component, 2023 - 2030, USD Million
TABLE 59 Russia Electric Vehicle HVAC Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 60 Russia Electric Vehicle HVAC Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 61 Spain Electric Vehicle HVAC Market, 2019 - 2022, USD Million
TABLE 62 Spain Electric Vehicle HVAC Market, 2023 - 2030, USD Million
TABLE 63 Spain Electric Vehicle HVAC Market by Technology, 2019 - 2022, USD Million
TABLE 64 Spain Electric Vehicle HVAC Market by Technology, 2023 - 2030, USD Million
TABLE 65 Spain Electric Vehicle HVAC Market by Component, 2019 - 2022, USD Million
TABLE 66 Spain Electric Vehicle HVAC Market by Component, 2023 - 2030, USD Million
TABLE 67 Spain Electric Vehicle HVAC Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 68 Spain Electric Vehicle HVAC Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 69 Italy Electric Vehicle HVAC Market, 2019 - 2022, USD Million
TABLE 70 Italy Electric Vehicle HVAC Market, 2023 - 2030, USD Million
TABLE 71 Italy Electric Vehicle HVAC Market by Technology, 2019 - 2022, USD Million
TABLE 72 Italy Electric Vehicle HVAC Market by Technology, 2023 - 2030, USD Million
TABLE 73 Italy Electric Vehicle HVAC Market by Component, 2019 - 2022, USD Million
TABLE 74 Italy Electric Vehicle HVAC Market by Component, 2023 - 2030, USD Million
TABLE 75 Italy Electric Vehicle HVAC Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 76 Italy Electric Vehicle HVAC Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 77 Rest of Europe Electric Vehicle HVAC Market, 2019 - 2022, USD Million
TABLE 78 Rest of Europe Electric Vehicle HVAC Market, 2023 - 2030, USD Million
TABLE 79 Rest of Europe Electric Vehicle HVAC Market by Technology, 2019 - 2022, USD Million
TABLE 80 Rest of Europe Electric Vehicle HVAC Market by Technology, 2023 - 2030, USD Million
TABLE 81 Rest of Europe Electric Vehicle HVAC Market by Component, 2019 - 2022, USD Million
TABLE 82 Rest of Europe Electric Vehicle HVAC Market by Component, 2023 - 2030, USD Million
TABLE 83 Rest of Europe Electric Vehicle HVAC Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 84 Rest of Europe 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 Europe 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 Europe Electric Vehicle HVAC Market share by Technology, 2022
FIG 6 Europe Electric Vehicle HVAC Market share by Technology, 2030
FIG 7 Europe Electric Vehicle HVAC Market by Technology, 2019 - 2030, USD Million
FIG 8 Europe Electric Vehicle HVAC Market share by Component, 2022
FIG 9 Europe Electric Vehicle HVAC Market share by Component, 2030
FIG 10 Europe Electric Vehicle HVAC Market by Component, 2019 - 2030, USD Million
FIG 11 Europe Electric Vehicle HVAC Market share by Vehicle Type, 2022
FIG 12 Europe Electric Vehicle HVAC Market share by Vehicle Type, 2030
FIG 13 Europe Electric Vehicle HVAC Market by Vehicle Type, 2019 - 2030, USD Million
FIG 14 Europe Electric Vehicle HVAC Market share by Country, 2022
FIG 15 Europe Electric Vehicle HVAC Market share by Country, 2030
FIG 16 Europe 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