Portland, OR, June 27, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global heavy commercial vehicle HVAC market generated $1.15 billion in 2010, and is projected to reach $2.56 billion by 2027, witnessing a CAGR of 7.04% from 2021 to 2027. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
Rise in demand for thermal system and automatic climate control features in heavy vehicles, development of Intelligent Transport System and growing demand for electric buses provide impetus to the growth of the global HCV HVAC market. However, high installation and maintenance cost hamper the growth of the market. On the other hand, development of eco-friendly refrigerants, increased demand for HVAC systems from developing nations, and augmented safety & comfort through the adoption of HVAC systems offer lucrative opportunities for expansion of the heavy commercial vehicle HVAC market.
Download Report (452 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/13491
Covid-19 Scenario –
- The Covid-19 pandemic had an adverse impact on the global heavy commercial vehicle HVAC market, owing to imposition of stringent lockdown and safety measures by the government such as ban on import-export of raw materials and social distancing, leading to diminishing demand for…
