The North America Electric Vehicle HVAC Market would witness market growth of 9.6% CAGR during the forecast period (2023-2030).
The heating, ventilation, and air conditioning system offers effective cabin comfort for the vehicle's passengers. With the current limitations on charging timeframes and battery capacity, there is a growing demand for energy-efficient HVAC solutions. Therefore, manufacturers are increasing their research and development (R&D) efforts to offer more optimized solutions that offer effective thermal management without substantially impacting the electric vehicle's range. Thus, these factors will impact the market's growth.
During the forecast period, the market is anticipated to experience significant growth. As a healthier and more efficient alternative to gasoline-powered vehicles, electric vehicles are gaining popularity among consumers. Due to an expanding network of charging infrastructure, rising petroleum prices, and the introduction of supportive policies and subsidies, electric vehicles are becoming an increasingly viable option for consumers. Major manufacturers are offering technologically advanced HVAC systems for electric vehicles to provide occupants with an improved and more comfortable cabin environment.
The United States is a popular market, and the nation is witnessing an upsurge toward adopting electric mobility. This is partly due to the many technological and electric vehicle manufacturers and startups operating throughout the country, such as Tesla, Lucid Motors, Rivian, General Motors, etc. In 2018, Mexico stated a 68 percent increase in EV and hybrid vehicle sales compared to 2017, attained over 17,800 units. In 2019, electric and hybrid vehicles from January to September totaled 955,393 units. The increasing adoption of electric vehicles throughout regional nations boosts the growth possibilities for the regional market.
The US market dominated the North America Electric Vehicle HVAC Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.8 billion by 2030. The Canada market is poised to grow at a CAGR of 12% during (2023 - 2030). Additionally, The Mexico market would witness a CAGR of 11.1% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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 North America Electric Vehicle HVAC Market, by Technology
1.4.2 North America Electric Vehicle HVAC Market, by Component
1.4.3 North America Electric Vehicle HVAC Market, by Vehicle Type
1.4.4 North America 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. North America Electric Vehicle HVAC Market by Technology
5.1 North America BEV Market by Country
5.2 North America PHEV Market by Country
Chapter 6. North America Electric Vehicle HVAC Market by Component
6.1 North America Condenser Market by Country
6.2 North America Compressor Market by Country
6.3 North America Heater Core Market by Country
6.4 North America Evaporator Market by Country
6.5 North America Others Market by Country
Chapter 7. North America Electric Vehicle HVAC Market by Vehicle Type
7.1 North America Passenger Vehicle Market by Country
7.2 North America Commercial Vehicle Market by Country
Chapter 8. North America Electric Vehicle HVAC Market by Country
8.1 US Electric Vehicle HVAC Market
8.1.1 US Electric Vehicle HVAC Market by Technology
8.1.2 US Electric Vehicle HVAC Market by Component
8.1.3 US Electric Vehicle HVAC Market by Vehicle Type
8.2 Canada Electric Vehicle HVAC Market
8.2.1 Canada Electric Vehicle HVAC Market by Technology
8.2.2 Canada Electric Vehicle HVAC Market by Component
8.2.3 Canada Electric Vehicle HVAC Market by Vehicle Type
8.3 Mexico Electric Vehicle HVAC Market
8.3.1 Mexico Electric Vehicle HVAC Market by Technology
8.3.2 Mexico Electric Vehicle HVAC Market by Component
8.3.3 Mexico Electric Vehicle HVAC Market by Vehicle Type
8.4 Rest of North America Electric Vehicle HVAC Market
8.4.1 Rest of North America Electric Vehicle HVAC Market by Technology
8.4.2 Rest of North America Electric Vehicle HVAC Market by Component
8.4.3 Rest of North America 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 North America Electric Vehicle HVAC Market, 2019 - 2022, USD Million
TABLE 2 North America Electric Vehicle HVAC Market, 2023 - 2030, USD Million
TABLE 3 North America Electric Vehicle HVAC Market by Technology, 2019 - 2022, USD Million
TABLE 4 North America Electric Vehicle HVAC Market by Technology, 2023 - 2030, USD Million
TABLE 5 North America BEV Market by Country, 2019 - 2022, USD Million
TABLE 6 North America BEV Market by Country, 2023 - 2030, USD Million
TABLE 7 North America PHEV Market by Country, 2019 - 2022, USD Million
TABLE 8 North America PHEV Market by Country, 2023 - 2030, USD Million
TABLE 9 North America Electric Vehicle HVAC Market by Component, 2019 - 2022, USD Million
TABLE 10 North America Electric Vehicle HVAC Market by Component, 2023 - 2030, USD Million
TABLE 11 North America Condenser Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Condenser Market by Country, 2023 - 2030, USD Million
TABLE 13 North America Compressor Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Compressor Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Heater Core Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Heater Core Market by Country, 2023 - 2030, USD Million
TABLE 17 North America Evaporator Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Evaporator Market by Country, 2023 - 2030, USD Million
TABLE 19 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 21 North America Electric Vehicle HVAC Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 22 North America Electric Vehicle HVAC Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 23 North America Passenger Vehicle Market by Country, 2019 - 2022, USD Million
TABLE 24 North America Passenger Vehicle Market by Country, 2023 - 2030, USD Million
TABLE 25 North America Commercial Vehicle Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Commercial Vehicle Market by Country, 2023 - 2030, USD Million
TABLE 27 North America Electric Vehicle HVAC Market by Country, 2019 - 2022, USD Million
TABLE 28 North America Electric Vehicle HVAC Market by Country, 2023 - 2030, USD Million
TABLE 29 US Electric Vehicle HVAC Market, 2019 - 2022, USD Million
TABLE 30 US Electric Vehicle HVAC Market, 2023 - 2030, USD Million
TABLE 31 US Electric Vehicle HVAC Market by Technology, 2019 - 2022, USD Million
TABLE 32 US Electric Vehicle HVAC Market by Technology, 2023 - 2030, USD Million
TABLE 33 US Electric Vehicle HVAC Market by Component, 2019 - 2022, USD Million
TABLE 34 US Electric Vehicle HVAC Market by Component, 2023 - 2030, USD Million
TABLE 35 US Electric Vehicle HVAC Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 36 US Electric Vehicle HVAC Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 37 Canada Electric Vehicle HVAC Market, 2019 - 2022, USD Million
TABLE 38 Canada Electric Vehicle HVAC Market, 2023 - 2030, USD Million
TABLE 39 Canada Electric Vehicle HVAC Market by Technology, 2019 - 2022, USD Million
TABLE 40 Canada Electric Vehicle HVAC Market by Technology, 2023 - 2030, USD Million
TABLE 41 Canada Electric Vehicle HVAC Market by Component, 2019 - 2022, USD Million
TABLE 42 Canada Electric Vehicle HVAC Market by Component, 2023 - 2030, USD Million
TABLE 43 Canada Electric Vehicle HVAC Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 44 Canada Electric Vehicle HVAC Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 45 Mexico Electric Vehicle HVAC Market, 2019 - 2022, USD Million
TABLE 46 Mexico Electric Vehicle HVAC Market, 2023 - 2030, USD Million
TABLE 47 Mexico Electric Vehicle HVAC Market by Technology, 2019 - 2022, USD Million
TABLE 48 Mexico Electric Vehicle HVAC Market by Technology, 2023 - 2030, USD Million
TABLE 49 Mexico Electric Vehicle HVAC Market by Component, 2019 - 2022, USD Million
TABLE 50 Mexico Electric Vehicle HVAC Market by Component, 2023 - 2030, USD Million
TABLE 51 Mexico Electric Vehicle HVAC Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 52 Mexico Electric Vehicle HVAC Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 53 Rest of North America Electric Vehicle HVAC Market, 2019 - 2022, USD Million
TABLE 54 Rest of North America Electric Vehicle HVAC Market, 2023 - 2030, USD Million
TABLE 55 Rest of North America Electric Vehicle HVAC Market by Technology, 2019 - 2022, USD Million
TABLE 56 Rest of North America Electric Vehicle HVAC Market by Technology, 2023 - 2030, USD Million
TABLE 57 Rest of North America Electric Vehicle HVAC Market by Component, 2019 - 2022, USD Million
TABLE 58 Rest of North America Electric Vehicle HVAC Market by Component, 2023 - 2030, USD Million
TABLE 59 Rest of North America Electric Vehicle HVAC Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 60 Rest of North America Electric Vehicle HVAC Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 61 Key Information – Valeo SA
TABLE 62 Key Information – Hanon Systems
TABLE 63 Key Information – Toyota Industries Corporation
TABLE 64 Key information – Mahle GmbH
TABLE 65 Key Information – panasonic holdings corporation
TABLE 66 Key Information – Johnson Electric Holdings Limited
TABLE 67 Key Information – Sanden corporation
TABLE 68 Key information – Marelli holdings co., ltd.
TABLE 69 Key Information – Denso Corporation
TABLE 70 Key information – Brose Fahrzeugteile SE & Co. KG
List of Figures
FIG 1 Methodology for the research
FIG 2 North America 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 North America Electric Vehicle HVAC Market share by Technology, 2022
FIG 6 North America Electric Vehicle HVAC Market share by Technology, 2030
FIG 7 North America Electric Vehicle HVAC Market by Technology, 2019 - 2030, USD Million
FIG 8 North America Electric Vehicle HVAC Market share by Component, 2022
FIG 9 North America Electric Vehicle HVAC Market share by Component, 2030
FIG 10 North America Electric Vehicle HVAC Market by Component, 2019 - 2030, USD Million
FIG 11 North America Electric Vehicle HVAC Market share by Vehicle Type, 2022
FIG 12 North America Electric Vehicle HVAC Market share by Vehicle Type, 2030
FIG 13 North America Electric Vehicle HVAC Market by Vehicle Type, 2019 - 2030, USD Million
FIG 14 North America Electric Vehicle HVAC Market share by Country, 2022
FIG 15 North America Electric Vehicle HVAC Market share by Country, 2030
FIG 16 North America 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