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Automotive AC Compressor Market: Steady Growth Predicted with a Rise to $9.34 billion by 2025 and $11.32 billion by 2029
Automotive AC Compressor Market
What Is The Projected Market Size Of The Global Automotive AC Compressor Market And Its Growth Rate?
• The automotive AC compressor market has grown steadily from $9.02 billion in 2024 to $9.34 billion in 2025 at a compound annual growth rate (CAGR) of 3.5%.
• The growth is attributed to the increase in automotive ownership, consumer preferences for comfort, economic growth and disposable income, climate conditions and temperature extremes, and regulatory standards and emission norms.
• Looking ahead, the market is projected to grow further to $11.32 billion in 2029 at a CAGR of 4.9% driven by global urbanization trends, a shift toward electric and hybrid vehicles, consumer demand for energy-efficient solutions, climate change, temperature variability, and government initiatives for environmental sustainability.
What Is Driving The Growth In The Automotive AC Compressor Market?
The growth of the automotive AC compressor market is linked to the increasing automotive production. The process of manufacturing automobiles, including assembling various components and systems, results in demand for automotive AC compressors, used for compressing and circulating refrigerant gases in the vehicles' air conditioning systems. For example, data from CEIC Data showed motor vehicle production in the United States rose from 10,052,958 units in December 2022 to 10,611,555 units in December 2023, reflecting the rising demand for the automotive AC compressor market.
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Who Are the Key Players Driving Automotive AC Compressor Market Growth?
• Continental AG
• Toyota Industries Corporation
• Hanon Systems Co. Ltd.
• 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.
• Zhejiang Santian A/C Compressor Co. Ltd.
• Smiths Manufacturing Pty. Ltd.
• Gardner Denver Inc.
• General Auto Electric Corporation
• Nissens Kølerfabrik A/S
• Automotive Thermal Systems Co. Ltd.
• SANDEN Corporation
• Standard Motor Products Inc.
• Aotecar New Energy Technology Co. Ltd.
• Valeo Clutch Private Limited
• Behr Hella Service GmbH
• Delphi Technologies Inc.
• Hitachi Automotive Systems
• Johnson Controls Services Inc.
• Panasonic Corporation
What Are The Key Trends In The Automotive AC Compressor Market?
• Focus on noise reduction
• Global supply chain challenges
• Rise of electric and hybrid vehicles
• Innovation in materials
• Strategic collaborations and partnerships
What Are The Segments Of The Global Automotive AC Compressor Market?
• 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
Which Region Leads The Automotive AC Compressor Market?
Asia-Pacific was the largest and fastest-growing region in the automotive AC compressor market in 2024. The regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Automotive AC Compressor Market Global Market Report?
• Market Size Analysis
• Market Segmentation Analysis
• Key Player Focus
• Growth Trends Analysis
• Market Contribution
• Growth Drivers
• Industry Challenges
• Competitive Developments
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