The automotive evaporator is a part of the HVAC (Heating, Ventilation, and Cooling) system. It is a heat exchanger system in which the refrigerant runs through a tube, in liquid form, at low temperature and leaves the tube at higher temperature. The refrigerant absorbs heat from the hot air and leaves it as cold air for its utilization in the air conditioning and freezing system.
The market for automotive evaporator is anticipated to expand during the forecast period owing to the rising penetration of the HVAC system in all regions across the globe. A large share of the commercial vehicles in developing regions were not installed with the air conditioning and refrigeration system; however, the penetration is presently rising owing to the increasing purchase power parity in society. Stringent norms and regulations for driver cabin in some regions are likely to boost the demand for the automotive evaporator system. Increasing production of vehicles, globally, is anticipated to be a major factor driving the automotive evaporator market.
The automotive evaporator market can be segmented based on technology, material, sales channel, vehicle, and region.
Based on technology, the serpentine flow segment is expected to hold a major share of the market owing to being a conventional technology and possessing a higher lifespan as compared to other technologies. However, the parallel flow technology segment is likely to expand at a significant pace during the forecast period owing to its high efficiency, as compared to the serpentine flow technology. High cost of manufacturing, high maintenance, and more complex structure of the parallel flow evaporator are key factors restraining the parallel flow evaporator segment.
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Based on material, the aluminum material segment is likely to hold a major share of the automotive evaporator market. Copper is conventional material utilized for the manufacturing of automotive evaporator; however, its market share has been decline in recent years due to its higher cost, as compared to aluminum. Aluminum possess good heat conductivity and is more cost-effective than other materials, which in turn is responsible for its major share of the automotive evaporator market. The segment is likely to expand at a significant growth rate during the forecast period.
Based on sales channel, the aftermarket segment is likely to account for a prominent share of the automotive evaporator market owing to its high replacement rate through the lifespan of the vehicle. The automotive evaporator used in commercial vehicles is replaced frequently, as commercial vehicles usually travel longer distances on a daily basis in drastic weather conditions.
In terms of vehicle type, the automotive evaporator market can be segregated into passenger and commercial vehicles. The passenger vehicles segment is likely to account for a major share of the automotive evaporator market owing to the high production of the passenger vehicles as compared to commercial vehicles. However, the automotive evaporator utilized in commercial vehicles is replaced more frequently.
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Based on region, the automotive evaporator market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is anticipated to hold a notable share of the global market owing to the high production of vehicles in the region. Availability of low cost labor and raw materials has attracted most global manufacturers to establish their manufacturing facilities in the region, which in turn has propelled the production of vehicles in the region, as compared to other regions.
Key players operating in the global automotive evaporator market include Denso Corporation, Robert Bosch GmbH, MAHLE GmbH, Valeo, OSC Automotive Inc., Subros Limited, and SEASONAIR.
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