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Automotive HVAC market to grow at a CAGR of 9.3% during 2017 to 2024

Automotive and Transportation Market Research

The Automotive HVAC Market was evaluated at $13.7 billion and forecasted to reach $27.5 billion by the end of 2024. The market is expected to grow at CAGR of 9.3%.

Further, the Passenger Car HVAC system segment generated the highest revenue share of $9.1 billion.

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Heating Ventilation and Air Conditioning (HVAC) is technology that provides temperature control by exchange of air to the outside as well as circulation of air within the space.