Press release
Automotive Air Conditioning Market Huge Growth in Future Scope 2024-2031
Global Automotive Air Conditioning Market size was valued at USD 32.2 Billion in 2022 and is poised to grow from USD 34.2 Billion in 2023 to USD 55.05 Billion by 2031, growing at a CAGR of 6.14% in the forecast period (2024-2031).The Research report on Automotive Air Conditioning Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps' Analysis, Market Attractiveness Analysis, BPS Analysis, Ecosystem Analysis.
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Segmental Analysis
Technology
Manual, Automatic
Vehicle Type
Passenger Vehicle, Commercial Vehicle
Component
Compressor, Evaporator, Receiver, Condenser
Distribution Channel
Original Equipment Manufacturer (OEMs), Aftermarket
Market Dynamics
Increasing Production and Sales of Automobiles
Continuous expansion of the automobile industry, especially in developing economies, continues to drive demand for automotive air conditioners. Increasing disposable income and cities moving into larger sizes favors comfort and convenience more in air-conditioned vehicles. Experience seekers and Original Equipment Manufacturers (OEMs) are urged to include advanced air conditioning in their vehicles, thereby boosting the market.
Stricter Environmental Regulations
The auto industry is facing increasing pressure to improve fuel efficiency while reducing environmental impact and reducing greenhouse gas emissions is heat dumped on it. As a result, more emphasis is being placed on eco-friendly refrigerators and energy-efficient air conditioners. Regulations such as the EU F-gas legislation and the US. The Environmental Protection Agency's (EPA) SNAP program mandates phasing out ozone-depleting substances and switching to zero global warming (GWP) refrigeration as the next-generation air conditioning solution.
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By Regions and Countries
o North America
o Europe
o Asia-Pacific
o South America
o Middle East & Africa
Following are the players analyzed in the report
• Air International Thermal Systems (U.S.)• Axetris AG (Switzerland)• CabinAir (Sweden)• Continental AG (Germany)• DENSO CORPORATION (Japan)• Freudenberg (Germany)• Hanon Systems (South Korea)• Magneti Marelli S.p.A. (Italy)• MAHLE GmbH (Germany)• MANN+HUMMEL (Germany)• Mitsubishi Electric Corporation (Japan)• PURAFIL, Inc. (U.S.)• Renesas Electronics Corporation (Japan)• Robert Bosch GmbH (Germany)• Eberspacher (Germany)• Valeo (France)• • • •
View report summary and Table of Contents (TOC): https://www.skyquestt.com/report/automotive-air-conditioning-market
The research provides answers to the following key questions:
• What is the estimated growth rate of the market for the forecast period 2024-2031? What will be the market size during the estimated period?
• What are the key driving forces responsible for shaping the fate of the Automotive Air Conditioning Market during the forecast period?
• Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Automotive Air Conditioning Market?
• What are the prominent market trends influencing the development of the Automotive Air Conditioning Market across different regions?
• What are the major threats and challenges likely to act as a barrier in the growth of the Automotive Air Conditioning Market?
• What are the major opportunities the market leaders can rely on to gain success and profitability?
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact:
Mr. Jagraj Singh
Skyquest Technology
1 Apache Way, Westford,
Massachusetts 01886
USA (!) 351-333-4748
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