The Latin America, Middle East and Africa Electric Vehicle HVAC Market would witness market growth of 13.3% CAGR during the forecast period (2023-2030).
Government policies and subsidies on the purchase of electric vehicles also contribute to market expansion. In addition, technological and connectivity advancements are creating opportunities in the market. Integrating intelligent controls, sensors, and predictive algorithms improves temperature control and energy optimization. In addition, connected features enable consumers to enhance comfort and convenience. Greater emphasis on air quality management within vehicles has prompted market participants to introduce innovative products with superior air filtration and purification mechanisms.
As the proportion of EVs in total sales increases, most automakers will seek to mitigate the lower profitability of electric cars by expediting cost/workforce reductions and implementing a more streamlined purchasing process. Therefore, EV HVAC suppliers will need to concentrate on developing cost-effective HVAC systems for EVs. Suppliers must also consider that the battery cells of BEVs are growing in size, necessitating an upgrade to the thermal management of the batteries; consequently, the importance of a silent HVAC system increases.
According to the ICCT, in 2020, new car sales in Latin American nations accounted for 7% of all global sales. This area has one of the fastest rates of motorization expansion worldwide. Well-to-wheel CO2 emissions are anticipated to grow 30% over 2020 levels by 2050 under the Baseline scenario, assuming no additional ZEV regulations beyond 2020. Regulations for the usage of electric vehicles are expected to be published by the Saudi Arabian Standards Organization (SASO). The Road Transport Authority (RTA) of the United Arab Emirates has developed charging stations and released advisory messages. The growing sales of EVs in the region offer growth prospects to the regional market.
The Brazil market dominated the LAMEA Electric Vehicle HVAC Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $191.9 Million by 2030. The Argentina market is estimated to grow at a CAGR of 13.9% during (2023 - 2030). Additionally, The UAE market would exhibit a CAGR of 12.7% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Electric Vehicle HVAC Market, by Technology
1.4.2 LAMEA Electric Vehicle HVAC Market, by Component
1.4.3 LAMEA Electric Vehicle HVAC Market, by Vehicle Type
1.4.4 LAMEA 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. LAMEA Electric Vehicle HVAC Market by Technology
5.1 LAMEA BEV Market by Country
5.2 LAMEA PHEV Market by Country
Chapter 6. LAMEA Electric Vehicle HVAC Market by Component
6.1 LAMEA Condenser Market by Country
6.2 LAMEA Compressor Market by Country
6.3 LAMEA Heater Core Market by Country
6.4 LAMEA Evaporator Market by Country
6.5 LAMEA Others Market by Country
Chapter 7. LAMEA Electric Vehicle HVAC Market by Vehicle Type
7.1 LAMEA Passenger Vehicle Market by Country
7.2 LAMEA Commercial Vehicle Market by Country
Chapter 8. LAMEA Electric Vehicle HVAC Market by Country
8.1 Brazil Electric Vehicle HVAC Market
8.1.1 Brazil Electric Vehicle HVAC Market by Technology
8.1.2 Brazil Electric Vehicle HVAC Market by Component
8.1.3 Brazil Electric Vehicle HVAC Market by Vehicle Type
8.2 Argentina Electric Vehicle HVAC Market
8.2.1 Argentina Electric Vehicle HVAC Market by Technology
8.2.2 Argentina Electric Vehicle HVAC Market by Component
8.2.3 Argentina Electric Vehicle HVAC Market by Vehicle Type
8.3 UAE Electric Vehicle HVAC Market
8.3.1 UAE Electric Vehicle HVAC Market by Technology
8.3.2 UAE Electric Vehicle HVAC Market by Component
8.3.3 UAE Electric Vehicle HVAC Market by Vehicle Type
8.4 Saudi Arabia Electric Vehicle HVAC Market
8.4.1 Saudi Arabia Electric Vehicle HVAC Market by Technology
8.4.2 Saudi Arabia Electric Vehicle HVAC Market by Component
8.4.3 Saudi Arabia Electric Vehicle HVAC Market by Vehicle Type
8.5 South Africa Electric Vehicle HVAC Market
8.5.1 South Africa Electric Vehicle HVAC Market by Technology
8.5.2 South Africa Electric Vehicle HVAC Market by Component
8.5.3 South Africa Electric Vehicle HVAC Market by Vehicle Type
8.6 Nigeria Electric Vehicle HVAC Market
8.6.1 Nigeria Electric Vehicle HVAC Market by Technology
8.6.2 Nigeria Electric Vehicle HVAC Market by Component
8.6.3 Nigeria Electric Vehicle HVAC Market by Vehicle Type
8.7 Rest of LAMEA Electric Vehicle HVAC Market
8.7.1 Rest of LAMEA Electric Vehicle HVAC Market by Technology
8.7.2 Rest of LAMEA Electric Vehicle HVAC Market by Component
8.7.3 Rest of LAMEA 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 LAMEA Electric Vehicle HVAC Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Electric Vehicle HVAC Market, 2023 - 2030, USD Million
TABLE 3 LAMEA Electric Vehicle HVAC Market by Technology, 2019 - 2022, USD Million
TABLE 4 LAMEA Electric Vehicle HVAC Market by Technology, 2023 - 2030, USD Million
TABLE 5 LAMEA BEV Market by Country, 2019 - 2022, USD Million
TABLE 6 LAMEA BEV Market by Country, 2023 - 2030, USD Million
TABLE 7 LAMEA PHEV Market by Country, 2019 - 2022, USD Million
TABLE 8 LAMEA PHEV Market by Country, 2023 - 2030, USD Million
TABLE 9 LAMEA Electric Vehicle HVAC Market by Component, 2019 - 2022, USD Million
TABLE 10 LAMEA Electric Vehicle HVAC Market by Component, 2023 - 2030, USD Million
TABLE 11 LAMEA Condenser Market by Country, 2019 - 2022, USD Million
TABLE 12 LAMEA Condenser Market by Country, 2023 - 2030, USD Million
TABLE 13 LAMEA Compressor Market by Country, 2019 - 2022, USD Million
TABLE 14 LAMEA Compressor Market by Country, 2023 - 2030, USD Million
TABLE 15 LAMEA Heater Core Market by Country, 2019 - 2022, USD Million
TABLE 16 LAMEA Heater Core Market by Country, 2023 - 2030, USD Million
TABLE 17 LAMEA Evaporator Market by Country, 2019 - 2022, USD Million
TABLE 18 LAMEA Evaporator Market by Country, 2023 - 2030, USD Million
TABLE 19 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 20 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 21 LAMEA Electric Vehicle HVAC Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 22 LAMEA Electric Vehicle HVAC Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 23 LAMEA Passenger Vehicle Market by Country, 2019 - 2022, USD Million
TABLE 24 LAMEA Passenger Vehicle Market by Country, 2023 - 2030, USD Million
TABLE 25 LAMEA Commercial Vehicle Market by Country, 2019 - 2022, USD Million
TABLE 26 LAMEA Commercial Vehicle Market by Country, 2023 - 2030, USD Million
TABLE 27 LAMEA Electric Vehicle HVAC Market by Country, 2019 - 2022, USD Million
TABLE 28 LAMEA Electric Vehicle HVAC Market by Country, 2023 - 2030, USD Million
TABLE 29 Brazil Electric Vehicle HVAC Market, 2019 - 2022, USD Million
TABLE 30 Brazil Electric Vehicle HVAC Market, 2023 - 2030, USD Million
TABLE 31 Brazil Electric Vehicle HVAC Market by Technology, 2019 - 2022, USD Million
TABLE 32 Brazil Electric Vehicle HVAC Market by Technology, 2023 - 2030, USD Million
TABLE 33 Brazil Electric Vehicle HVAC Market by Component, 2019 - 2022, USD Million
TABLE 34 Brazil Electric Vehicle HVAC Market by Component, 2023 - 2030, USD Million
TABLE 35 Brazil Electric Vehicle HVAC Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 36 Brazil Electric Vehicle HVAC Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 37 Argentina Electric Vehicle HVAC Market, 2019 - 2022, USD Million
TABLE 38 Argentina Electric Vehicle HVAC Market, 2023 - 2030, USD Million
TABLE 39 Argentina Electric Vehicle HVAC Market by Technology, 2019 - 2022, USD Million
TABLE 40 Argentina Electric Vehicle HVAC Market by Technology, 2023 - 2030, USD Million
TABLE 41 Argentina Electric Vehicle HVAC Market by Component, 2019 - 2022, USD Million
TABLE 42 Argentina Electric Vehicle HVAC Market by Component, 2023 - 2030, USD Million
TABLE 43 Argentina Electric Vehicle HVAC Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 44 Argentina Electric Vehicle HVAC Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 45 UAE Electric Vehicle HVAC Market, 2019 - 2022, USD Million
TABLE 46 UAE Electric Vehicle HVAC Market, 2023 - 2030, USD Million
TABLE 47 UAE Electric Vehicle HVAC Market by Technology, 2019 - 2022, USD Million
TABLE 48 UAE Electric Vehicle HVAC Market by Technology, 2023 - 2030, USD Million
TABLE 49 UAE Electric Vehicle HVAC Market by Component, 2019 - 2022, USD Million
TABLE 50 UAE Electric Vehicle HVAC Market by Component, 2023 - 2030, USD Million
TABLE 51 UAE Electric Vehicle HVAC Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 52 UAE Electric Vehicle HVAC Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 53 Saudi Arabia Electric Vehicle HVAC Market, 2019 - 2022, USD Million
TABLE 54 Saudi Arabia Electric Vehicle HVAC Market, 2023 - 2030, USD Million
TABLE 55 Saudi Arabia Electric Vehicle HVAC Market by Technology, 2019 - 2022, USD Million
TABLE 56 Saudi Arabia Electric Vehicle HVAC Market by Technology, 2023 - 2030, USD Million
TABLE 57 Saudi Arabia Electric Vehicle HVAC Market by Component, 2019 - 2022, USD Million
TABLE 58 Saudi Arabia Electric Vehicle HVAC Market by Component, 2023 - 2030, USD Million
TABLE 59 Saudi Arabia Electric Vehicle HVAC Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 60 Saudi Arabia Electric Vehicle HVAC Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 61 South Africa Electric Vehicle HVAC Market, 2019 - 2022, USD Million
TABLE 62 South Africa Electric Vehicle HVAC Market, 2023 - 2030, USD Million
TABLE 63 South Africa Electric Vehicle HVAC Market by Technology, 2019 - 2022, USD Million
TABLE 64 South Africa Electric Vehicle HVAC Market by Technology, 2023 - 2030, USD Million
TABLE 65 South Africa Electric Vehicle HVAC Market by Component, 2019 - 2022, USD Million
TABLE 66 South Africa Electric Vehicle HVAC Market by Component, 2023 - 2030, USD Million
TABLE 67 South Africa Electric Vehicle HVAC Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 68 South Africa Electric Vehicle HVAC Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 69 Nigeria Electric Vehicle HVAC Market, 2019 - 2022, USD Million
TABLE 70 Nigeria Electric Vehicle HVAC Market, 2023 - 2030, USD Million
TABLE 71 Nigeria Electric Vehicle HVAC Market by Technology, 2019 - 2022, USD Million
TABLE 72 Nigeria Electric Vehicle HVAC Market by Technology, 2023 - 2030, USD Million
TABLE 73 Nigeria Electric Vehicle HVAC Market by Component, 2019 - 2022, USD Million
TABLE 74 Nigeria Electric Vehicle HVAC Market by Component, 2023 - 2030, USD Million
TABLE 75 Nigeria Electric Vehicle HVAC Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 76 Nigeria Electric Vehicle HVAC Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 77 Rest of LAMEA Electric Vehicle HVAC Market, 2019 - 2022, USD Million
TABLE 78 Rest of LAMEA Electric Vehicle HVAC Market, 2023 - 2030, USD Million
TABLE 79 Rest of LAMEA Electric Vehicle HVAC Market by Technology, 2019 - 2022, USD Million
TABLE 80 Rest of LAMEA Electric Vehicle HVAC Market by Technology, 2023 - 2030, USD Million
TABLE 81 Rest of LAMEA Electric Vehicle HVAC Market by Component, 2019 - 2022, USD Million
TABLE 82 Rest of LAMEA Electric Vehicle HVAC Market by Component, 2023 - 2030, USD Million
TABLE 83 Rest of LAMEA Electric Vehicle HVAC Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 84 Rest of LAMEA 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 LAMEA 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 LAMEA Electric Vehicle HVAC Market share by Technology, 2022
FIG 6 LAMEA Electric Vehicle HVAC Market share by Technology, 2030
FIG 7 LAMEA Electric Vehicle HVAC Market by Technology, 2019 - 2030, USD Million
FIG 8 LAMEA Electric Vehicle HVAC Market share by Component, 2022
FIG 9 LAMEA Electric Vehicle HVAC Market share by Component, 2030
FIG 10 LAMEA Electric Vehicle HVAC Market by Component, 2019 - 2030, USD Million
FIG 11 LAMEA Electric Vehicle HVAC Market share by Vehicle Type, 2022
FIG 12 LAMEA Electric Vehicle HVAC Market share by Vehicle Type, 2030
FIG 13 LAMEA Electric Vehicle HVAC Market by Vehicle Type, 2019 - 2030, USD Million
FIG 14 LAMEA Electric Vehicle HVAC Market share by Country, 2022
FIG 15 LAMEA Electric Vehicle HVAC Market share by Country, 2030
FIG 16 LAMEA 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