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Automotive Ac Compressor Market
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Automotive AC Compressor Market is estimated to reach US$ XX Mn in 2026 in terms of revenue with a CAGR of XX % in the forecasting Period 2018 to 2026. The automotive AC compressor is a key element of the HVAC system. AC compressors support the function of the air conditioning unit in both cooling and heating. Its dual functionality is a key feature that is utilized in most climatic conditions. The AC compressor compresses the refrigerant, primarily R134a, and sends it to the condenser. AC compressors are utilized for ventilation, air conditioning system, and heating of the vehicle. The AC compressor is used for pressurizing the AC unit and keeping R134a flowing so that it can work properly. The AC compressor works in a constant on-off cycle. AC compressor systems have become a necessary feature in passenger cars and busses these days.
The rise in automotive production, sales and growing car ownership all over the world is driving the global automotive AC compressor market. Global warming is a major issue that is affecting the lives of people. A temperature of the environment is increasing in by one to two degrees every year. Transportation in such weather conditions is not easy. The maintenance issues, some technical restraints, high prices of luxury vehicles are expected to act as a minor constraint for the rapid growth of global automotive AC compressor market over the forecast period. Need for climate control systems in vehicles, rise in demand for comfort and easy rides, drop in vehicle loan rates, easy accessibility to customized monetary schemes, and rise in purchasing power capacity due to rise in per capita income of consumers are major factors attributed to the significant market share.Automotive AC Compressor MarketAutomotive AC compressor market is majorly segmented into design type, vehicle type, drive type, sales channel, and region. On the basis of design type, the reciprocating type is a leading segment of the AC compressor market in 2017 due to the higher usage and easily availability of wobble type of AC compressors in all types of vehicles. The rotary segment is witnessing expansion due to the compact size, low operating noise, and the demand for enhanced engine-efficiency. The scroll compressors are lightweight and run with very low noise. The scroll compressors are estimated to grow in passenger vehicle segment owing to an increase in trend of light weighting. Based on drive type, the automotive AC compressor market can be segmented into electrical AC compressor and conventional AC compressor. The conventional AC compressor is directly driven by the vehicle engine through a pulley connected via the V-belt. In terms of vehicle type, the automotive AC compressor market can be segregated into passenger vehicles and commercial vehicles. The rise in production of passenger vehicles has fueled the demand for AC compressors. The penetration of air-conditioners in heavy commercial vehicles is increasing & leading to a rise in demand for air compressors.
In terms of Region, the automotive AC compressor market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The Asia Pacific is currently a prominent market for automotive AC compressors followed by China and Japan. Germany is a leading manufacturer of AC compressors in Europe. Japan has a large base of automotive industries which is expected to create demand for automotive AC compressors.
Some of the key players in the automotive AC compressor Market are Behr Hella Service GmbH, Calsonic Kansei Corporation, Continental AG, Delphi Technologies, DENSO Corporation, Hanon Systems, Keihin Corporation, MAHLE GmbH, Michigan Automotive Compressor, Inc., Toyota Industries Corporation, and Valeo. Major players are focusing more on expansion, joint ventures, and mergers and acquisitions with local players.
This information is given by market research company (maximize market research)
For more information visit - https://www.maximizemarketresearch.com
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