Global Automotive Air Conditioning Market Trends, Business Overview, Industry Growth and Forecast to 2022-2028

The global automotive air conditioning market is anticipated to grow at a significant CAGR of 6.2% during the forecast period (2022-2028). The global automotive air conditioning market is growing due to the rising demand for vehicle production. The increasing demand for thermal systems along with automatic climate control features is also driving the growth of the market. The rising usage of automatic air conditioners which automatically control cabin temperature is also boosting the growth of the automotive air conditioning market.
The rising advantages of air conditioning systems such as defrosting windows, demisting windshields, and dehumidifying air which helps in reducing road accidents are further driving the growth of the market. Additionally, the increasing technological advancement in vehicles along with rising disposable incomes in emerging economies is generating new opportunities for market growth.

The Asia-Pacific region is anticipated to hold the major share in the global automotive air conditioning market. The Asia-Pacific region is the largest producer of automotive vehicles globally. Emerging economies, such as India and China are the major contributing nations to the regional market as it has huge potential for the automotive industry to grow.

The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new launches, to stay competitive in the market. For instance, in June 2021, Honeywell International Inc. announced its partnership with Trane Technologies to accelerate the transition to a next-generation, environmentally preferable refrigerant by field testing Honeywell's Solstice N41 (R-466A).

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Market Coverage
• The market number available for - 2022-2028
• Base year- 2021
• Forecast period- 2022-2028

• Segment Covered-
o By Type
o By Application

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- DENSO CORP., MITSUBISHI HEAVY INDUSTRIES, LTD., SANDEN CORP., Trans/Air Manufacturing Corp., and Hitachi Astemo Indiana, Inc., among others.

Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

A full report of Global Automotive Air Conditioning Market is available at:
https://orionmarketreports.com/global-automotive-air-conditioning-market/109819/

Global Automotive Air Conditioning Market Report by Segment

By Type
• Semi-Automatic
• Automatic

By Application
• Passenger Vehicles
• Commercial Vehicles
• Off-Highway Vehicles

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Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

This release was published on openPR.