Global Automotive AC Compressor Market is expected to Reach US$ 32.39 Bn by 2026: Transparency Market Research

Automotive AC Compressor Market – Snapshot

 The automotive AC compressor is a key element of the HVAC system. HVAC systems are widely accepted among all class of vehicles and across all regions, irrespective of climatic conditions. The AC compressor compresses the refrigerant, primarily R134a, and sends it to the condenser. 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. The conventionally used AC compressor is driven by the engine via a V-belt and pulley. The AC compressor unit consists of compressor pistons, magnetic clutch, valves, connecting points for refrigerant points, housing, and plates. AC compressors are utilized for ventilation, air conditioning system, and heating of the vehicle. The robust operation of an AC compressor for both air conditioning and heating purpose has aided the product being independent across all climatic conditions.

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Rise in vehicular emissions and industrialization is raising the global temperature, thereby adding to the overall rise in temperature by 1-2 degrees Celsius year-on-year, approximately. Rise in global warming is propelling the consumer demand for air conditioning in vehicles for better vehicle interior environment during commutation, considering the extensive time spent in vehicles during commute. The advent of globalization, liberalization, and privatization has boosted urbanization and industrial sectors, which in turn is likely to propel the demand for light vehicles in the global market. HVAC systems are deliberated to be an integral part of the automobile due to escalating consumer demand for comfy, cozy interior ambience. This, in turn, is driving the automotive AC compressor market. 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.

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The rotary segment is witnessing expansion due to compact size, low operating noise, and the demand for enhanced engine-efficiency. However, the scroll type of rotary compressor is more expensive, as compared to the other options, as it provides more benefits such as compact size and superior performance. These factors are boosting the scroll-rotary segment at a rapid pace. Electric AC compressor is majorly utilized in electric and premium vehicles. The electric AC compressor segment is likely to expand at a rapid pace owing to the increase in the demand for such vehicles.

Increase in production of vehicles and amount of vehicles in use in various regions influence the sales channel of the automotive AC compressor market. Demand for automotive AC compressor is directly proportional to the demand for AC-equipped vehicles. Currently, most vehicles are equipped with an air conditioning system and hence, the AC compressor market is directly proportional to production of vehicles. This is a principal cause for the lesser market penetration of the aftermarket segment. 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 surge in per capita income of consumers are major factors attributed to the significant market share held by the passenger vehicle segment of the automotive AC compressor market. Increasing car sales after economic depression, rapid expansion of economies of several countries, and growing disposable earning are anticipated to fuel the AC compressor market during the forecast period.

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