Press release
Automotive AC Compressor Market 2023 Report By Key Companies, Regional Analysis And Forecast 2032
Automotive AC Compressor Market
The Business Research Company's Automotive AC Compressor Global Market Report 2023 identifies the increasing automotive production as the major driver for the automotive AC compressor market's growth in the forecast period. AC compressor market going forward. Automotive production refers to the process of manufacturing automobiles, including the assembly of various components and systems to create a finished vehicle. Automotive compressors are used in automotive for compressing and circulating refrigerant gases in the air conditioning systems of vehicles. Hence, the increase in automotive production will rise the demand for automotive AC compressors.
The global automotive AC compressor market size is expected to grow from $8.54 billion in 2022 to $8.89 billion in 2023 at a compound annual growth rate (CAGR) of 4.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global automotive AC compressor market size is expected to reach $10.26 billion in 2027 at a CAGR of 3.7%.
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Major competitors in the automotive AC compressor market are Continental AG, Toyota Industries Corporation, Hanon Systems, Calsonic Kansei Corporation, Subros Limited, DENSO Corporation, Hella Gmbh Co KGaA, MAHLE GmbH, Keihin Co. Ltd., Nissan Motor Co. Ltd., Mitsubishi Heavy Industries Ltd., Robert Bosch GmbH, BorgWarner Inc., Michigan Automotive Compressor Inc., Yantai Shougang DENSO Co. Ltd., HELLA GmbH & Co KGaA, Zhejiang Santian A/C Compressor Co. Ltd., Smiths Manufacturing Pty. Ltd., Gardner Denver, and General Auto Electric Corporation.
A key trend in the automotive AC compressor market includes technological advancement. Major companies operating in the automotive AC compressor market are concentrating their efforts on creating technologically advanced products to meet the evolving demand from the automotive industry and to stay competitive in the market. For instance, in November 2022, Mahle, a Germany-based automotive parts manufacturer introduced an e-compressor (electric AC compressor) based on high voltage technology. This compressor controls the temperature of the e-drive, which is important for charging speed, servicing life, and increasing the life of the battery. It is a high-voltage noise optimized compressor which produces light vibrations.
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The automotive AC compressor market is segmented -
• By Compressor: Variable Displacement, Fixed Displacement, Electric Compressor
• By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
• By Drive Type: Electric, Conventional
• By Sales Channel: Original Equipment Manufacturer (OEM), Replacement
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.Asia-Pacific was the largest region in the automotive AC compressor market.
The Business Research Company's "Global Automotive AC Compressor Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Automotive AC Compressor Market Include:
1. Executive Summary
2. Automotive AC Compressor Market Characteristics
3. Automotive AC Compressor Market Trends And Strategies
4. Automotive AC Compressor Market - Macro Economic Scenario
5. Automotive AC Compressor Market Size And Growth
……
26. Africa Automotive AC Compressor Market
27. Automotive AC Compressor Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive AC Compressor Market
29. Automotive AC Compressor Market Future Outlook and Potential Analysis
30. Appendix
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