Press release
Automotive AC Compressor Market 2022 Trends, Share, Size, Growth, Opportunity and Forecast to 2031
Automotive AC Compressor Market 2022
Automotive air conditioning compressors are a vital part of the AC system in your car. They play a key role in cooling the air that is blown into the passenger compartment. If you have problems with your compressor, it can be difficult to keep your car cool during the summer months.
The global automotive production has been growing in the past few years. New markets have opened up, and new trends have made their way due to continuous developments and disruptive innovations in the automotive industry. Passenger cars and commercial vehicles both the segments are expected to witness high growth rates over the forecast period due to massive demand.
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Air conditioning systems have become a necessary feature in passenger cars and busses these days. Component makers and automobile manufacturers have made significant advancements in technology relating to performance, efficiency, and cost of AC systems. Many automakers are trying to make these systems economical and small budget without compromising the overall performance of the vehicle.
The automotive AC compressor is one the principal part of overall air conditioning system, and it plays a significant role in the efficient functioning of this system. The automotive AC compressor maintains necessary pressure and flow of refrigerant in the system to enable heat rejection from the confined space.
Key Companies-
Automotive AC compressor market has several global players, some of the major stakeholders among them include
• Sanden Corporation
• OMEGA Environmental Technologies
• Yantai Shougang TD Automotive Compressor Co., Ltd.
• HELLA KGaA Hueck & Co
• SANTIAN A/C COMPRESSOR CO., LTD
• Valeo S
• .A.
• Calsonic Kansei Corporation
• Denso Corporation
• Dunair Smiths Manufacturing PTY Ltd.
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Automotive AC Compressor Market: Drivers and Restraints
The rise in automotive production and sales and growing car ownerships all over the world is driving the global automotive AC compressor market. The AC systems used have become an essential part of all types of vehicles including passenger cars, heavy commercial vehicles, and light commercial vehicles.
The growing requirement of consumers on vehicle comfort is creating the demand for automotive air conditioning ultimately for automotive AC compressors. In developing economies of APEJ and MEA region the trend for aftermarket installation of AC systems in a vehicle is expected to be followed for next four to five years. The increasing number of on-road cars globally and rise in demand for comfort features in economy cars is projected to drive the automotive AC compressor market over the forecast period.
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.
The market players in global automotive AC compressor market hold significant opportunity for the introduction of new compact and efficient AC compressor at competitive prices. Owing to technological advancements to provide better products at low price coupled with increasing implementation of AC systems in automobiles the global automotive AC compressor market is expected to register substantial growth over the forecast period.
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Automotive AC Compressor Market: Segmentation
On the basis of vehicles
• Passenger Cars
• LMV
• HMV
On the basis of types
• Swash Plate
• Rotary Vane
• Scroll
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