The global automotive AC compressor market share is projected to experience a Compound Annual Growth Rate (CAGR) of 3.9% throughout the forecast period, driven by the increasing demand. By 2033, it is expected to reach a valuation of approximately US$ 14.1 billion, compared to its current worth of US$ 9.6 billion in 2023.
The Automotive AC Compressor Market is experiencing steady growth driven by several factors, including the increasing demand for passenger comfort, rising temperatures, and advancements in automotive air conditioning technology. Automotive AC compressors play a critical role in the air conditioning system of vehicles, as they are responsible for compressing and circulating refrigerant to cool the interior of the vehicle.
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One of the primary drivers of this market is the growing consumer demand for comfort and convenience features in vehicles, particularly in regions with hot climates. Air conditioning systems have become a standard feature in modern vehicles, driving the demand for efficient and reliable AC compressors that can provide rapid cooling and consistent performance.
Moreover, advancements in compressor technology, such as variable displacement compressors, scroll compressors, and electric compressors, are driving innovation in the market. These technologies offer benefits such as improved energy efficiency, reduced noise and vibration, and enhanced durability, contributing to overall vehicle efficiency and performance.
How are Key Companies Adding Value to the Global Market?
The present prominent players in the globe highly fragment the global market. These players are focused on innovating unique and improved products by investing heavily in research and development activities. These players are adopting various advanced technologies to provide high-quality, sustainable, and better-performance AC compressors to satisfy consumers’ desires.
They design light weighted and compact compressors without lacking their performance. Key players adopt various commonly used marketing strategies to expand the global market to another height. These marketing tactics are mergers, acquisitions, collaborations, product launches, and partnerships.
Key Companies Profiled
Toyota Industries, TD Automotive Compressor, Gardner Denver, Delphi PLC., SANDEN USA, Denso Auto Corporation, Michigan Automotive Compressor Inc., General Auto, OMEGA Environmental Technologies, Yantai Shougang TD Automotive Compressor Co. Ltd., HELLA KGaA Hueck & Co., Zhejiang Santian A/C compressor Co. Ltd., Valeo S.A., Calsonic Kansei Corporation, Mitsubishi Heavy Industries, Highly Marelli Holdings Co. Ltd., Dunair Smiths Manufacturing PTY Ltd., Behr Hella Service GmbH, Keihin Corporation, Continental AG, Robert Bosch GmbH, SANTIAN A/C COMPRESSOR CO. LTD., etc.
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Key Segments Profiled in the Automotive AC Compressor Market Survey
By Configuration:
- Scroll Type Compressor
- Rotary Type Compressor
By Vehicle Type:
- Passenger Cars
- Light Commercial Vehicle
- Heavy Commercial Vehicle
By Product Type:
- Fixed Displacement Type
- Continuous Variable Displacement Type
- Electrically Operated
By Sales Channel:
- Original Equipment Manufacturer
- Aftermarket
By Region:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
- Europe
Author
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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