Global Bus HVAC Market is valued approximately USD $$million in 2021 and is anticipated to grow with a healthy growth rate of more than $$% over the forecast period 2022-2028.
The Bus HVAC can be defined as heating, ventilation, and air conditioning (HVAC) system designed for installation in Bus and heavy vehicles. HVAC system is used in cooling, dehumidification, and filtration of the air within the passenger compartment of a bus. A heating system of a bus comprised of the heater core, the blower motor and fan, heater hoses, the heater control valve. While an air conditioning system consists of compressor, condenser, evaporator, and controls. The growing automotive sector worldwide and increasing demand for automatic climate control features in heavy vehicles as well as Strategic initiatives from leading market players are factors that are accelerating the global market demand. For instance, International Energy Agency (IEA) estimates – in 2019, the total electric bus registration in Europe were estimated at 2000 units and it further increased to 3000 in 2021.
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Further, in China during 2020, around 60,000 new electric busses were registered, and it further increased to 86000 in the year 2021. Furthermore, leading market players in BUS HVAC Market are working towards strategic initiatives such as market expansion to capture new untapped markets. For instance, in September 2019, Esslingen, Germany based Eberspaecher, a leading manufacturer of bus air-conditioning solutions, commissioned a new plant in Bangalore. This new 6000 square meter plant would be utilized for manufacturing of electric air-conditioning systems for hybrid and electric buses. Moreover, in Dec 2019, Aichi, Japan based Denso unveiled full electrical rooftop HVAC system with two integrated electrical compressors, intended for electric buses.
Further, in April 2021, Minnesota, USA based Thermo King, a brand of Trane Technologies, launched a new air purification solution for buses. Thermo King’s Air Purification Solution tested and proven to be 98% effective in deactivating certain viruses. Also, growing investment towards transport & Mobility sector coupled with increasing adoption of electric buses are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, volatile cost associated with raw materials impedes the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Bus HVAC Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing adoption of heating system in buses and presence of leading market players. Whereas, Asia pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as the thriving growth of automotive sector and increasing investment towards electric buses in the region, would create lucrative growth prospects for the global Bus HVAC Market across the Asia Pacific region.
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Major market players included in this report are:
Coachair Pty Ltd.
Denso Corporation
Eberspacher Gruppe GmbH & Co. KG
Grayson Thermal Systems
Honeywell International Inc.
Internacional Hispacold SA
Konvekta AG
MAHLE GmbH
Mobile Climate Control, Inc.
Sanden Holdings Corporation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type
Automatic
Manual
By Vehicle Type
Intercity Buses
Coach Buses
School Buses
Transit buses
By Sales Channel
OEM
Aftermarket
By Input
Engine Powered HVAC
Electric Powered HVAC
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
Here is an overview of the different factual statements covered by the study:
- The learn about consists of an area that breaks down strategic traits for the primary gamers in present and upcoming R&D, new product launches, collaborations, regional expansion, and mergers & acquisitions.
- The lookup focuses on essential market traits such as revenue, product cost, potential and utilization rates, import/export rates, supply/demand figures, market share and CAGR.
- The learn about is a series of analyzed records and a variety of barrels of house bought via a mixture of analytical equipment and an inside look up process.
- The Market can be divided into 4 areas in accordance to the regional breakdown: North American Markets, European Markets, Asian Markets and Rest of the World.
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