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Global Automotive Air Conditioning Compressor Market to Surpass USD 1.5 Billion by 2028, finds Bekryl Market Analysts

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Global Automotive Air Conditioning Compressor Market to Surpass USD 1.5 Billion by 2028, finds Bekryl Market Analysts

August 12
22:06 2019
Global Automotive Air Conditioning Compressor Market to Surpass USD 1.5 Billion by 2028, finds Bekryl Market Analysts

Bekryl Industry Report ‘Global Air Conditioning Compressor Market’ 2019
According to the recently released report by Bekryl, ‘Global Air Conditioning Compressor Market’ is set to register 3.3% CAGR to create 1.3X higher revenue opportunity in 2028 than that in 2019.

According to the recently released report by Bekryl, ‘Global Air Conditioning Compressor Market’ is set to register 3.3% CAGR to create 1.3X higher revenue opportunity in 2028 than that in 2019. Higher sales of automotive vehicles and installation of value added and comfort features across all range of cars. Demand for AC compressors in car is registering upward trajectory growth since 2010. As a result, large scale enterprises are actively strengthening their market reach and increasing production capacity. The trend was noticed across major players. Furthermore, the industry is expected to be hypercompetitive with rise in automotive production.

Key Trends and Factors Driving the Global Automotive Air Conditioning Compressor Market Revenue

  • Companies are leveraging technological advancement on product design to offer high performance compressors across range of vehicles. Noise cancellation Eco-friendly air conditioning compressors has also gained prominence in the market. In 2017, Sanden Corporation announced the development of CO2 refrigerant compressor for mass produced passenger cars. The company started supplying these CO2 AC compressors to Daimler in 2017.
  • Expected increase in sales of automotive vehicles will continue to bolster the growth of AC compressors worldwide. As per the estimates, a record 79 million units were sold in 2018. Global sales will continue to register at significant rate, thereby creating higher revenue opportunity for industry players.
  • South Asian region will witness installation of AC compressors through aftermarket. Aftermarket sales holds huge market prominence considering, the increasing per capita income and changing lifestyle. Value addition feature is getting installed across range of vehicles.
  • Stringent regulatory compliance is also playing a major role in sales and development of innovative automotive AC compressors. For instance, the European directive on mobile air conditioning systems (MACs), introduced a ban for the use of refrigerant gas with a global warming potential (GWP) higher than 150 applicable for all new cars sold in the EU since 2017. These moves are in accordance with protecting ozone layers.

Receive Report Sample (PDF): https://bekryl.com/sample/sample-request/?bekryl=automotive-air-conditioning-compressor-market-analysis-press

According to the Bekryl, Asia Pacific Automotive Air Conditioning Compressor market accounted for 42% of global sales in 2018. Sales in Asia Pacific is expected to dominate the global sales owing to higher sales of automotive vehicles in the region. China, Japan and India are the major market that registered highest sales of automotive AC compressors. China is the leading manufacturer of cars worldwide. This has led automotive AC compressors market to consolidate in the OEM China. Moreover, major manufacturers have their production plant in the region to minimize the operational cost and generate higher return on investment (ROI).

Some key Automotive Air Conditioning Compressor market players are:

  • Sanden Corporation
  • Denso Corporation
  • Yantai Shougang TD Automotive Compressor Co., Ltd.
  • Zhejiang Santian Auto Air Conditioning Compressor Co. Ltd
  • HELLA KGaA Hueck & Co
  • Valeo SA
  • Calsonic Kansei Corporation
  • Dunair Smiths Manufacturing PTY Ltd.

Industry Segmentation

By Vehicle Type:

  • Commercial
    • Light Weight Vehicles
    • Heavy Duty Vehicles
  • Passenger Vehicle
    • Light Weight Vehicles
      • Conventional
      • Electric
    • Others

By Product Type:

  • Swash Plate
  • Scroll
  • Rotary Vane

Some other Reports of similar Interests:                                                                                             

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Automotive Oxygen Sensor Market, 2019-2028: https://bekryl.com/industry-trends/automotive-oxygen-sensor-market-share-analysis

 

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Website: https://bekryl.com/industry-trends/automotive-air-conditioning-compressor-market-share-analysis