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Automotive HVAC Market Share, Size, Analysis, Regional Outlook, Growth, Trends and Forecasts to 2024 | Hexa Research
“The global Automotive HVAC Market size is expected to increase significantly over the next seven years on account of growing middle-class population and per capita income levels�
The global market for automotive HVAC (Heating, Ventilating, and Air Conditioning) was estimated at USD 12 billion in 2015 and is anticipated to grow at a CAGR of over 8 % over the forecast period (from 2016 to 2024). The growing production of the passenger vehicles along with the rising income levels is projected to augment the global market growth over the next few years. Improved lifestyles and rising customer awareness about the energy-efficient products are projected to contribute towards the Automotive HVAC Market growth. Various technological improvements and innovations for cost-effective and efficient products are also driving the demands extensively. Negative impact on the economy of automobile fuel is likely to hinder the market growth; however, the effects of this restraint are said to decrease in the long term. The global HVAC market is categorized as appli cations, technologies, and regions. Browse Details of Report @ https://www.hexaresearch.com/research-report/automotive-hvac-market
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