Automotive AC Compressor Market By Compressor Type (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 (OEM, Aftermarket): Global Opportunity Analysis and Industry Forecast, 2021-2031
Electric cars are becoming increasingly popular across several countries. These cars contain massive battery packs and other electronic components that generate a large amount of heat during operation, which must be dispersed for the safety of passengers and the proper performance of the components. Therefore, ACs are an essential component of electric cars, and the growing popularity of electric vehicles is boosting the global automotive AC compressor market growth.
Maintenance concerns, some technological restrictions, and high luxury car pricing are likely to serve as restraints to the global automotive AC compressor market expansion during the forecast period. Major factors attributed to the significant market share include the need for climate control systems in vehicles, an increase in demand for comfort and easy rides, a decrease in vehicle loan rates, easy access to customized monetary schemes, and an increase in purchasing power capacity due to an increase in consumer per capita income.
One of the key reasons impacting the installation of air conditioning systems in automobiles is lack of space in passenger vehicles. Therefore, several original equipment manufacturers (OEMs) are working to build lighter, more efficient, and smaller car air conditioning systems. Therefore, advancements in compressor design, which result in lower size and power consumption, are a prominent opportunity witnessed in the global automotive air conditioner compressor market.
The recent COVID-19 pandemic hindered the market growth, leading to a decline in passenger car sales across the globe. Using an automotive air conditioning system was traditionally considered as a luxury, and not all vehicles were equipped with one. It is currently a necessary component in all automobiles due to the broad acceptance of fundamental automotive safety and comfort requirements. False allegations that the pandemic spreads through the use of air conditioners have severely affected the air conditioning business, defaming the whole sector. Manufacturing businesses are utilizing the Internet to spread word about fraudulent accusations, but the influence of viruses has led consumers to believe in fake news and disinformation.
The key players profiled in this report include players are Behr Hella Service GmbH, Calsonic Kansei Corporation, Continental AG, Hanon Systems, Keihin Corporation, Michigan Automotive Compressor, Inc., SANDEN Subros Limited, MAHLE Group, and BorgWarner Inc.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the automotive ac compressor market analysis from 2021 to 2031 to identify the prevailing automotive ac compressor market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the automotive ac compressor market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global automotive ac compressor market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Compressor Type
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
OEM
Aftermarket
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Spain
Italy
Rest Of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest Of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
UAE
South Africa
Rest Of LAMEA
Key Market Players
Toyota Industries Corporation
DENSO CORPORATION
MITSUBISHI HEAVY INDUSTRIES THERMAL SYSTEMS, LTD.
Subros
Nissens
Hanon Systems
Sanden Corporation
MAHLE GmbH
VALEO
BorgWarner Inc.
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