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India Automotive HVAC Market Size, Share, Analysis, Forecast: By Technology: Manual, Automatic; By Component: Evaporator, Compressor, Condenser, Expansion Valve, Receiver-drier, Others; By Propulsion Type: IC Engine, Electric Powered; By Vehicle Type: Passenger Cars, Others; Regional Analysis; Competitive Landscape; 2024-2032
India Automotive HVAC Market Size
The India automotive HVAC market is projected to grow at a CAGR of 10.30% between 2024 and 2032.
India Automotive HVAC Market Outlook
- As per the SIAM, from April 2022 to March 2023, the sector manufactured 2.59 crore passenger vehicles and more.
- According to the Ministry of Heavy Industries, the domestic sales of automobiles have been estimated to be 2.12 crores in 2022-23.
- The Union Cabinet announced a $3.5 billion PLI scheme for the automobile sector to stimulate local production of advanced automotive technology products.
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India Automotive HVAC Market Growth Rate
Automotive HVAC systems control the interior temperature of vehicles through heating, ventilation, and air conditioning (HVAC). Comprised of three subsystems—heating, cooling, and air conditioning—these systems provide filtered air to the cabin, ensuring driver and passenger comfort. They regulate air temperature, monitor moisture levels, and eliminate excess humidity from the airflow.
According to the data from the Society of Indian Automobile Manufacturers (SIAM), the domestic sales of passenger vehicles have increased to 38,90,114 in 2022-23 from 30,69,523 in 2021-22.
Key Trends and Developments
Increasing sales of vehicles, growing environmentally friendly solutions, the prevalence of tropical climate, and introducing advanced systems are the major trends impacting India automotive HVAC market growth.
March 21, 2024
US-based ACV, a top digital automotive marketplace for dealers and partners, has announced the launch of its new development centre in Chennai, India, enhancing its global operations.
February 15, 2024
ABB India introduces the ACH180 compact drive at ACREX 2024 for HVACR systems, offering precise control over efficient motors with a space-saving design, reduced costs, and simplified setup.
January 2, 2024
Carrier has broadened its India-made HVAC product lineup by introducing a variety of air handling units (AHUs) and fan coil units (FCUs).
October 23, 2023
Voltas has renewed its manufacturing efforts in India by partnering with Japanese and Korean firms. With investments over Rs 1,300 crore, it plans to produce components such as compressors.
Increasing sales of vehicles
Rising vehicle sales and premium car popularity are driven by features like automatic HVAC systems, heated seats, and power windows, enhancing comfort and attracting buyers.
Growing environmentally friendly solutions
The development of energy-saving and eco-friendly vehicle HVAC systems, driven by the increasing environmental awareness of individuals, is propelling market growth.
Prevalence of tropical climate
Tropical climates drive demand for automotive HVAC systems, Ride-hailing firms like Uber, Ola, Lyft, and Sidecar require air conditioning, boosting India automotive HVAC market growth.
Introducing advanced systems
The launch of advanced HVAC systems enhances visibility by preventing windshield fogging, cleaning windows, and reducing humidity, thereby enhancing passenger comfort.
India Automotive HVAC Market Trends
The Indian automotive HVAC market driving growth includes increased vehicle sales and premium vehicle popularity. Luxury cars feature automatic HVAC systems, enhancing comfort and influencing buyers.
Technological advancements like energy-efficient and eco-friendly HVAC systems and innovative features such as demisting windshields and dehumidifying air contribute to market expansion.
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India Automotive HVAC Industry Segmentation
“India Automotive HVAC Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Technology
- Manual
- Automatic
Market Breakup by Component
- Evaporator
- Compressor
- Condenser
- Expansion Valve
- Receiver-drier
- Others
Market Breakup by Propulsion Type
- IC Engine
- Electric Powered
Market Breakup by Vehicle Type
- Passenger Cars
- Light Commercial Vehicle
- Heavy Commercial Vehicle
Market Breakup by Region
- North India
- East and Central India
- West India
- South India
India Automotive HVAC Market Share
The India automotive HVAC market share for automatic technology is projected to surge in the coming years due to its user-friendly nature.
Automatic HVAC systems incorporate multiple sensors to control temperature and humidity, ensuring comfort for drivers and passengers. The increasing production of luxury vehicles, shifting consumer tastes and the growing favour for luxury cars worldwide are driving the demand for fully automatic HVAC systems, it provides advancements in HVAC technologies like auto temperature control, air recirculation, and fogging sensors.
Based on vehicle type, the passenger car sector is forecasted to experience substantial growth in the automotive HVAC market.
This growth is primarily fueled by increasing disposable incomes and the availability of diverse financing options for vehicle acquisition. As car ownership becomes more common, the market share of automotive HVAC in India is anticipated to notably expand.
With the improved financial options and rural demand, for Light Commercial Vehicles (LCVs). The segment will likely benefit from e-commerce and logistics growth.
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Leading Manufacturers in the India Automotive HVAC Market
The companies are a producer of thermal goods for automotive applications compressors, condensers, automotive suppliers and influencers, delivering thermal, powertrain, mobility, and electrification, specialising in components and systems for combustion engines and their peripherals, providing a diverse array of products to automakers and the aftermarket.
Subros Limited: Founded in 1985, with its headquarters in India, Subros Limited is a top producer of thermal goods for automotive applications compressors, condensers, heat exchangers, and all other connecting parts.
Denso Corporation: Founded in 1949, with its headquarters in Japan, Denso is an automotive supplier and influencer, delivering thermal, powertrain, mobility, electrification, and electronic systems to carmakers and other manufacturers globally.
MAHLE GmbH: Founded in 1920, with its headquarters in Germany, Mahle GmbH is a leading global automotive parts manufacturer, that specializes in components and systems for combustion engines and their peripherals.
Valeo: Founded in 1923, with its headquarters in France, Valeo, provides a diverse array of products to automakers and the aftermarket.
Other India automotive HVAC market key players are Sanden Vikas (India) Ltd., Hanon Systems, Delphi Technologies, Samvardhana Motherson Group, and Air International Thermal Systems, among others.
India Automotive HVAC Market Analysis by Region
The automotive HVAC market is propelled by the increasing registration of vehicles, as more vehicles are registered, the demand for comfort features like HVAC systems increases. Consumers expect modern vehicles to provide a comfortable driving experience, which includes efficient climate control.
As per the Ministry of Road Transport and Highways, the total numbers of electric vehicles have been registered by August 2023 in Uttar Pradesh, Maharashtra, and Karnataka are 5,74,967, 3,05,006, and 2,48,747 respectively. EVs need effective defrosting and demisting systems to maintain clear visibility. Electric heaters or heat pumps can be used to warm the air directed towards the windows.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Technology |
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| Breakup by Component |
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| Breakup by Propulsion Type |
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| Breakup by Vehicle Type |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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India Automotive HVAC Market Report Snapshots
India Automotive HVAC Market Size
India Automotive HVAC Market Growth
India Automotive HVAC Market Trends
India Automotive HVAC Market Share
India Automotive HVAC Manufacturers
India Automotive HVAC Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 India Automotive HVAC Market Overview
8.1 Key Industry Highlights
8.2 India Automotive HVAC Historical Market (2018-2023)
8.3 India Automotive HVAC Market Forecast (2024-2032)
9 India Automotive HVAC Market by Technology
9.1 Manual
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Automatic
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 India Automotive HVAC Market by Component
10.1 Evaporator
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Compressor
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Condenser
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Expansion Valve
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Receiver-drier
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 India Automotive HVAC Market by Propulsion Type
11.1 IC Engine
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Electric Powered
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 India Automotive HVAC Market by Vehicle Type
12.1 Passenger Cars
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Light Commercial Vehicle
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Heavy Commercial Vehicle
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
13 India Automotive HVAC Market by Region
13.1 North India
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 East and Central India
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 West India
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South India
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Subros Limited
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Denso Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Sanden Vikas (India) Ltd.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 MAHLE GmbH
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Valeo
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Hanon Systems
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Delphi Technologies
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Samvardhana Motherson Group
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Air International Thermal Systems
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. India Automotive HVAC Market: Key Industry Highlights, 2018 and 2032
2. India Automotive HVAC Historical Market: Breakup by Technology, 2018-2023
3. India Automotive HVAC Market Forecast: Breakup by Technology, 2024-2032
4. India Automotive HVAC Historical Market: Breakup by Vehicle Type, 2018-2023
5. India Automotive HVAC Market Forecast: Breakup by Vehicle Type, 2024-2032
6. India Automotive HVAC Historical Market: Breakup by Region, 2018-2023
7. India Automotive HVAC Market Forecast: Breakup by Region, 2024-2032
8. India Automotive HVAC Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 10.30% between 2024 and 2032.
The market is categorised according to the technology, which includes manual and automatic.
The market is categorised according to the vehicle type, which includes passenger cars, light commercial vehicle, and heavy commercial vehicle.
The market key players are Subros Limited, Denso Corporation, Sanden Vikas (India) Ltd., MAHLE GmbH, Valeo, Hanon Systems, Delphi Technologies, Samvardhana Motherson Group, and Air International Thermal Systems, among others.
Based on the component, the market is divided into evaporator, compressor, condenser, expansion valve, receiver-drier, and others.
Based on the propulsion type, the market is divided into IC engine and electric powered.
The market is broken down into north India, east and central India, west India, and south India.
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