North America HVAC System for Bus Market Size and Forecast, Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component, Type, Unit Type, and Drive Type, and Country
The North America HVAC System for Bus market size is expected to reach US$ 739.51 million by 2031 from 489.64 million in 2023, at an estimated CAGR of 5.3% from 2023 to 2031.
The North America HVAC System for Bus market is segmented into the US, Canada, and Mexico. Rising investments in public transport, increasing focus on commuter comfort, improving level of service, and growing use of public transport across the region are driving the adoption of HVAC systems for buses. In late 2022 and early 2023, several US transit agencies-including TransLink, Edmonton Transit Service, Chicago Transit Authority, Metropolitan Transportation Authority, and Southwest Ohio Regional Transit Authority-reported a consistent increase in ridership. Countries in the region are focusing on deploying more and more electric buses on the roads for public transit to meet their net-zero emission goals. In January 2022, CALSTART published its annual inventory of zero-emission buses (ZEBs)-Zeroing in on ZEBs-providing insight on the current state of ZEBs ahead of US$ 5.25 billion funding under the Infrastructure Investment and Jobs Act through the Federal Transit Administration's Low-No Program. The number of full-size ZEBs has grown to 3,533 buses nationally in Canada, an increase of 27% since 2020. The report stated that most ZEB fleets are small (10 or fewer), so the coming funding will be instrumental in scaling fleets. Moreover, in 2024, a US$ 174 billion initiative to support EVs generally has been proposed by the Biden administration. In the meantime, as part of an effort to move the country toward zero-emission transportation, two prominent U.S. Senate Democrats have proposed investing $73 billion to electrify the country's 70,000 transit buses and other transit vehicles. Public transportation system development and improvement initiatives in Mexico have been pursued by several governmental branches. A plan was introduced in March 2022 for the installation of an electric fleet in Mexico City's "Metrobus" L3 and L4 lines. Such initiatives across North America to deploy more electric buses on the roads and enhance public transport infrastructure to encourage more and more commuters to use public transport are leading the market growth of HVAC systems for buses.
The North America HVAC System for Bus market analysis has been carried out by considering the following segments: component, type, unit type, and drive type.
Based on component, the market is segmented into controls, convectors, compressors, heaters, and others. A compressor is considered the heart of the bus HVAC system. It is responsible for pressurizing the refrigerant and initiating the cooling process. Its function is to raise discharge pressure above ambient temperature, allowing heat to be rejected and the refrigerant to condense into a liquid. The growing bus market is contributing to the need for HVAC systems. Leading market players are developing compressors to cater to the demand. For example, in August 2021, Italian compressor manufacturer Dorin launched theBOXER series of CO2 compressors aimed at mobile HVAC applications such as air conditioning in trains and e-buses.
Moreover, factors such as rise in use of public transport in North America and increase in demand for comfort and luxury propel the North America HVAC System for Bus market growth. Also, use of IoT sensors in HVAC systems is expected to bring new North America HVAC System for Bus market trends in the coming years.
In terms of type, the market is categorized into transit bus, coach, shuttle bus, and school bus. Coach is a specific type of bus built for long-distance transportation. AC coaches are preferred over non-AC coaches as AC provides a better and more comfortable environment during a long journey. The bus HVAC system manufacturers also provide solutions to circulate clean air inside the bus to make traveling by bus and coach safer. These air purifier solutions are also used to eliminate viruses. Such benefits provided by the HVAC systems lead to their demand in the coaches. Population growth and urbanization in the region are among the prominent factors propelling the demand for intercity transportation services, fueling the requirements for coaches and their HVAC systems.
Thermo King; Guchen Industry; MAHLE GmbH; Denso; Valeo; Bus Climate Control; Eberspacher; WABCO; TKT HVAC Co., Ltd.; and Shinano Kenshi Co., Ltd. are among the key players profiled in the North America HVAC system for bus market HVAC System for Bus market report.
The North America HVAC System for Bus market forecast is estimated on the basis of various secondary and primary research findings such as key company publications, association data, and databases. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the North America HVAC System for Bus market growth. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the North America HVAC System for Bus market.
Table Of Contents
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. North America HVAC System for Bus Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
4.4 List of Vendors
4.5 Trade Data for Major Companies
5. North America HVAC System for Bus Market - Key Market Dynamics
5.1 North America HVAC System for Bus Market - Key Market Dynamics
5.2 Market Drivers
5.2.1 Rise in Use of Public Transport in North America
5.2.2 Increase in Demand for Comfort and Luxury
5.3 Market Restraints
5.3.1 Adverse Effects of Refrigerants used in HVAC Systems
5.4 Market Opportunities
5.4.1 Increasing Focus on Improving Efficiency of Bus HVAC System
5.4.2 Rising Shift Towards Electric Mobility
5.5 Future Trends
5.5.1 Use of IoT Sensors in HVAC Systems
5.6 Impact of Drivers and Restraints:
6. North America HVAC System for Bus Market Analysis
6.1 North America HVAC System for Bus Market Revenue (US$ Million), 2021-2031
6.2 North America HVAC System for Bus Market Forecast and Analysis
7. North America HVAC System for Bus Market Analysis - by Component
7.1 Compressors
7.1.1 Overview
7.1.2 Compressors: North America HVAC System for Bus Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Controls
7.2.1 Overview
7.2.2 Controls: North America HVAC System for Bus Market - Revenue and Forecast to 2031 (US$ Million)
7.3 Convectors
7.3.1 Overview
7.3.2 Convectors: North America HVAC System for Bus Market - Revenue and Forecast to 2031 (US$ Million)
7.4 Heaters
7.4.1 Overview
7.4.2 Heaters: North America HVAC System for Bus Market - Revenue and Forecast to 2031 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: North America HVAC System for Bus Market - Revenue and Forecast to 2031 (US$ Million)
8. North America HVAC System for Bus Market Analysis - by Type
8.1 Coach
8.1.1 Overview
8.1.2 Coach: North America HVAC System for Bus Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Transit Bus
8.2.1 Overview
8.2.2 Transit Bus: North America HVAC System for Bus Market - Revenue and Forecast to 2031 (US$ Million)
8.3 School Bus
8.3.1 Overview
8.3.2 School Bus: North America HVAC System for Bus Market - Revenue and Forecast to 2031 (US$ Million)
8.4 Shuttle Bus
8.4.1 Overview
8.4.2 Shuttle Bus: North America HVAC System for Bus Market - Revenue and Forecast to 2031 (US$ Million)
9. North America HVAC System for Bus Market Analysis - by Unit Type
9.1 Packaged Unit
9.1.1 Overview
9.1.2 Packaged Unit: North America HVAC System for Bus Market - Revenue and Forecast to 2031 (US$ Million)
9.1.3 AC Roof Mount
9.1.3.1 Overview
9.1.3.2 AC Roof Mount: North America HVAC System for Bus Market - Revenue and Forecast to 2031 (US$ Million)
9.1.4 Rear Mount
9.1.4.1 Overview
9.1.4.2 Rear Mount: North America HVAC System for Bus Market - Revenue and Forecast to 2031 (US$ Million)
9.2 Split Unit
9.2.1 Overview
9.2.2 Split Unit: North America HVAC System for Bus Market - Revenue and Forecast to 2031 (US$ Million)
10. North America HVAC System for Bus Market Analysis - by Drive Type
10.1 Engine Driven
10.1.1 Overview
10.1.2 Engine Driven: North America HVAC System for Bus Market - Revenue and Forecast to 2031 (US$ Million)
10.2 Battery Driven
10.2.1 Overview
10.2.2 Battery Driven: North America HVAC System for Bus Market - Revenue and Forecast to 2031 (US$ Million)
11. North America HVAC System for Bus Market - Country Analysis
11.1 North America
11.1.1 North America HVAC System for Bus Market Breakdown by Countries
11.1.2 North America HVAC System for Bus Market Revenue and Forecast and Analysis - by Country
11.1.2.1 North America HVAC System for Bus Market Revenue and Forecast and Analysis - by Country
11.1.2.2 United States: North America HVAC System for Bus Market - Revenue and Forecast to 2031 (US$ Million)
11.1.2.2.1 United States: North America HVAC System for Bus Market Breakdown by Component
11.1.2.2.2 United States: North America HVAC System for Bus Market Breakdown by Type
11.1.2.2.3 United States: North America HVAC System for Bus Market Breakdown by Unit Type
11.1.2.2.3.1 United States: North America HVAC System for Bus Market Breakdown by Packaged Unit
11.1.2.2.4 United States: North America HVAC System for Bus Market Breakdown by Drive Type
11.1.2.3 Canada: North America HVAC System for Bus Market - Revenue and Forecast to 2031 (US$ Million)
11.1.2.3.1 Canada: North America HVAC System for Bus Market Breakdown by Component
11.1.2.3.2 Canada: North America HVAC System for Bus Market Breakdown by Type
11.1.2.3.3 Canada: North America HVAC System for Bus Market Breakdown by Unit Type
11.1.2.3.3.1 Canada: North America HVAC System for Bus Market Breakdown by Packaged Unit
11.1.2.3.4 Canada: North America HVAC System for Bus Market Breakdown by Drive Type
11.1.2.4 Mexico: North America HVAC System for Bus Market - Revenue and Forecast to 2031 (US$ Million)
11.1.2.4.1 Mexico: North America HVAC System for Bus Market Breakdown by Component
11.1.2.4.2 Mexico: North America HVAC System for Bus Market Breakdown by Type
11.1.2.4.3 Mexico: North America HVAC System for Bus Market Breakdown by Unit Type
11.1.2.4.3.1 Mexico: North America HVAC System for Bus Market Breakdown by Packaged Unit
11.1.2.4.4 Mexico: North America HVAC System for Bus Market Breakdown by Drive Type