The global bus HVAC market size was US$ 0.9 billion in 2021. The global bus HVAC market size is estimated to reach US$ 1.6 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.8% during the forecast period from 2022 to 2030.
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A vehicle’s ventilation, heating, and air conditioning system is used to maintain the inner temperature of the automobile cabin. It contains three subsystems, such as cooling, heating, and air conditioning, that function together to deliver filtered air to the automobile cabin, providing thermal convenience to passengers and drivers. It regulates the air temperature, examines the moisture content in the air, and eradicates extreme humidity from the circulating air.
Factors Influencing Market Growth
? The growth in thermal convenience needs and an increase in automated HVAC use is expected to propel the expansion of the overall market.
? The growth in the expansion and adoption of automated air-conditioning units, which alter suitable place temperature automatically, liberating the outside/ambient air humidity and temperature.
? The use of electric drivetrains by bus manufacturers and the growth of high-capacity energy storage resolutions drive the overall market expansion.
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Effect of the COVID-19 Pandemic
COVID-19 had a severe influence on the overall market growth. It has taught the world about remarkable humanitarian, economic, and healthcare challenges. Lockdown actions have helped to prevent the spread of coronavirus but exacted an immense economic toll. On the business side, the automotive sector is one of the hardest-hit sectors. Following the pattern noticed in nations where COVID-19 spread before, lockdown measures and other limitations have influenced the automotive sector.
Regional Analysis
Asia-Pacific dominated the overall market growth. The increase in the use of HVAC systems by transport firms to boost client experience is set to drive the overall market expansion. HVAC systems are increasingly being used to deliver a comfortable and safe cabin experience for drivers. In addition, bus operators are boosting their automobiles due to the improved need for luxury and safety vehicle technologies around the globe.
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Leading Competitors
The prominent players in the global bus HVAC market are:
? Webasto Group
? Valeo
? Trane Technologies PLC
? Sanden Holdings Corporation
? Subros Limited
? SUTRAK Corporation
? Mobile Climate Control Inc
? Japan Climate Systems Corporation
? Konvekta AG
? Denso Corporation
? Others
Segmentation Analysis
The global market segmentation focuses on Sales Channel, Input, Type, Vehicle Type, and Region.
Segmentation on the basis of Sales Channel
? Aftermarket
? OEM
Segmentation on the basis of Input
? Electric Powered HVAC
? Engine Powered HVAC
Segmentation on the basis of Type
? Manual
? Automatic
Segmentation on the basis of Vehicle Type
? School Buses
? Transit buses
? Intercity Buses
? Coach Buses
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Segmentation on the basis of Region
? North America
? The U.S.
? Canada
? Mexico
? Europe
? Western Europe
? The UK
? Germany
? France
? Italy
? Spain
? Rest of Western Europe
? Eastern Europe
? Poland
? Russia
? Rest of Eastern Europe
? Asia Pacific
? China
? India
? Japan
? Australia & New Zealand
? ASEAN
? Rest of Asia Pacific
? Middle East & Africa (MEA)
? UAE
? Saudi Arabia
? South Africa
? Rest of MEA
? South America
? Brazil
? Argentina
? Rest of South America
Key questions answered in the global market report are:
— How does a global company acquire markets?
— What are its core strategies and policies?
— What factors will influence the market over the forecast period?
— What are the factors driving and restraining the market?
— What are the leading competitors in the global market?
— Which region is growing at a higher pace in the global market?
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