EV HVAC components/Electric Vehicle Air Conditioning components
The position of electric vehicle air conditioning in the automotive parts market is urgently important, and it is a rapidly developing category
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market position
- As the world transitions towards electric vehicles,electric air conditioning (heat pump system) has become a core component of new energy vehicles, replacing the traditional engine-driven air conditioning system.
- Market growth Benefiting from the rapid growth in production and sales of new energy vehicles, the market size of electric vehicle air conditioning has expanded rapidly. For example, the market size of electric vehicle air conditioning in China increased significantly from 2021 to 2022.
- Technological breakthrough In the early years, technology was primarily dominated by foreign manufacturers. However, in recent years, domestic technology in China has developed rapidly, breaking the technological monopoly.
Market development trend
- With the continuous growth of new energy vehicle penetration (new energy vehicle sales in the Chinese market have significantly increased), the forced air conditioning market is expected to maintain robust growth.
- Technological progress The industry is developing towards a more efficient and energy-saving direction, with continuous technological advancements in key components such as electric scroll controllers.
- Cost and Competition With the development of technology and intensified market competition, it is expected that the production cost and market price of electric vehicle air conditioning will show a downward trend in the future.
- Strengthening localization: China’s local industrial and supply chain systems are continuously being consolidated, and the position and share of local manufacturers in the market are steadily increasing.
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