Global Automotive Air Conditioner Pressure Regulator Market to be dominated by Passenger vehicle segment till 2026

Increase in demand for the thermal comfort and the technological advancements are expected to drive the demand of the global automotive air conditioner pressure regulator market for the forecast period.

According to TechSci Research report, “Automotive Air Conditioner Pressure Regulator Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026, Segmented By Component (Compressor, Accumulator, Evaporator, Others), By Vehicle Type (Passenger, LCV, M&HCV), By Demand Category (OEM vs Replacement) and By Region”, the global automotive air conditioner pressure regulator market is expected to witness a growth of steady CAGR for the forecast period, 2022-2026. The growing demand for automobiles from the developing economies is driving the market growth. Rapid industrialization across the developing economies is increasing the air pollution levels. Advanced cooling systems installed in automobiles aids in filtering the air present inside the vehicle which helps in the prevention of air-borne diseases. The presence of high-speed vehicles and the increase in the traveling distance along with the rise in the commuting people present in various economies is expected to surge the product demand. Lowering the wind resistance due to the closed window of the automobiles aids in increasing the efficiency of the vehicle. It also improves the pick-up and acceleration thereby increasing the demand for the installation of air conditioners in automobiles to maintain sufficient airflow in the vehicles. The rapid urbanization of people in search of better living standards and job opportunities are increasing the sales of automobiles that in turn is expected to foster market growth.

However, the high maintenance cost of the automotive air conditioner may create a hindrance in the global automotive air conditioner pressure regulator market growth for the forecast period.

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Global automotive air conditioner pressure regulator market is segmented into component, vehicle type, demand category, regional distribution, and company. Based on the vehicle type, the market is divided into passenger, LCV, and M&HCV. The passenger vehicle type segment is expected to account for major market share for the forecast period, 2022-2026. The growing preference for vehicle ownership for enhanced convenience and comfort is driving the sales of passenger vehicles. Based on the demand category, the market is bifurcated into OEM and replacement. The OEM segment is expected to witness significant growth for the next five years. The high quality offered by OEM and the warranty facility associated with the product sold directly by OEM are driving the growth of the market. OEM are increasing their production capacity to meet the growing sales of automobiles integrated with advanced features. Based on component, the market is divided into compressor, accumulator, evaporator, and others. The compressor is a kind of pump which is attached to the engine. The compressor is used to radiate heat and helps in transferring and compressing the refrigerant gas. The hot compressed gas is introduced on the top of the condenser and the cooling of the compressed gas is done instantly. After cooling they condense and leave the bottom of the condenser as a high-pressure fluid. The evaporator is used to remove the heat within the vehicle and dehumidify the environment within it. Accumulator protects the system components. The role of the accumulator is to isolate the compressor and save it from getting damaged with the liquid refrigerant. It also removes moisture and debris from the system.

Mastercool Inc., ControlAir Inc., Schrader-Bridgeport International, Inc., Agilent Technologies, Inc., All Sensors Corporation, Ashcroft Inc., Automation Products Group, Inc., Barksdale, Inc.., Danfoss, Inc., Durable Controls Inc. are the leading players operating in global automotive air conditioner pressure regulator market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several automotive air conditioner pressure regulator manufacturers are coming up with their technologically advanced offerings.

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“The high demand for the development of technologies to reduce carbon emissions owing to its harmful effect on the environment is influencing the market players to develop air conditioners that are environment friendly and efficient. The development of the air conditioner which is fuel-efficient to make it more cost-effective is creating lucrative opportunities for market growth. The automotive air conditioner is also crucial for the safety of the driver, as it adjusts the temperature to keep the driver comfortable and dehumidifies the cabin air thereby preventing the windows from fogging up is expected to propel the demand of the global automotive air conditioner pressure regulator market till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Automotive Air Conditioner Pressure Regulator Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026

Segmented By Component (Compressor, Accumulator, Evaporator, Others), By Vehicle Type (Passenger, LCV, M&HCV), By Demand Category (OEM vs Replacement) and By Region” has evaluated the future growth potential of global automotive air conditioner pressure regulator market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of global automotive air conditioner pressure regulator market.

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