Automotive ac compressor market

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automotive ac compressor market

The automotive ac compressor market is estimated to grow at a CAGR of 7.5% during the forecast period 2016-2021. This is primarily due to increasing demand for fuel-efficient vehicles and rising awareness about the importance of having reliable air conditioning systems in vehicles. Moreover, the growing popularity of SUVs and premium cars is also contributing to the growth of the automotive ac compressor market.

As the technology progresses, more and more vehicles are being equipped with advanced air conditioning systems that require high-powered ac compressors in order to cool down the cabin quickly. This has led to an increase in demand for ac compressors in the automotive market, which is expected to reach USD 2.1 billion by 2021.

Various factors are driving the growth of the automotive ac compressor market, including increasing demand for fuel-efficient vehicles and rising awareness about the importance of having reliable air conditioning systems. Additionally, growing popularity of SUVs and premium cars is also contributing to the growth of this market.

Overview of the Automotive Ac compressor Market

The automotive ac compressor market is expected to grow at a CAGR of 7.5% from 2016 to 2021, due to the rising demand for efficient and reliable AC systems in cars.

Browse this Blog Section:

1. What is the automotive ac compressor market?
2. Drivers and restraints of the automotive ac compressor market
3. Market snapshot (2016- 2021)
4. Automotive ac compressor types
5.Applications of automotive ac compressors
6. Regional analysis of the automotive ac compressor market
7. Competitive landscape

Types of Automotive Ac Compressor

The automotive ac compressor market is segmented by geography, type, and application. Geographically, the market is divided into North America, Europe, Asia Pacific, and Rest of World. The type segment is divided into scroll and reciprocating types. The application segment is divided into engine, transmission, and drive train.

The scroll compressor is the dominant type in the automotive ac compressor market. It has a low noise level and high efficiency. This type of compressor is used in engine applications. The reciprocating compressor is a second-generation technology and is gaining popularity in the market. This type of compressor has a lower noise level than the scroll compressor. It is used in transmission applications because of its higher efficiency. The drive train compressor is used to power wheelchairs and other mobility devices. It has a low noise level and high efficiency.

Applications of Automotive Ac Compressors

The automotive ac compressor market is expected to grow at a CAGR of around 7.8% during the forecast period 2019-2024. The rising demand for air-conditioning and increasing number of vehicles are some of the major factors driving the growth of this market.

Some of the major applications of automotive ac compressors include:

Air conditioning in passenger cars

Air conditioning in trucks and buses

Air conditioning in commercial vehicles

Air conditioning in motorcycles and bicycles

The automotive ac compressor market is fragmented into four regions- North America, Europe, Asia Pacific, and Rest of World (RoW). North America dominates the market followed by Europe. Asia Pacific is expected to grow rapidly over the next few years due to the growing demand for electric vehicles. Rest of World isexpected to grow at a slower rate owing to higher cost of infrastructure and less stringent environmental regulations.

Technologies Used in Automotive Ac Compressors

The automotive ac compressor market is booming due to increasing fuel efficiency and emissions regulations. In this article, we will discuss the technologies used in automotive ac compressors.

One of the most popular technologies used in automotive ac compressors is the rotary compressor. Rotary compressors are compact and efficient, making them a popular choice for smaller applications. They also have a fast cycle time, which makes them well-suited for high-performance vehicles.

Piston compressors are another popular technology used in automotive ac compressors. Piston compressors are more traditional in design and are usually found in larger applications. They offer good performance and durability, but they can be more expensive than rotary compressors.

Other popular technologies used in automotive ac compressors include electronic air conditioning systems and axial flow compressors. Electronic air conditioning systems use sensors to control the compressor’s speed, which helps improve overall system efficiency. Axial flow compressors are becoming increasingly popular because they offer good performance at lower costs than piston or rotary compressors.

Competitive Landscape of the Automotive Ac compressor Market

In this blog, we will outline the competitive landscape of the automotive ac compressor market. We will also provide insights on some of the key players in this market and their respective strategies.

Competitive landscape of the automotive ac compressor market

The automotive ac compressor market is highly competitive, with a number of key players vying for a share of this lucrative market. These companies offer a range of products and services, from high-end compressors designed for heavy-duty use to low-cost options suitable for smaller vehicles.

Some of the leading players in the automotive ac compressor market include Emerson Electric Co., Honeywell International Inc., Mitsubishi Electric Corp., and Siemens AG. These companies have developed wide product portfolios that cover a variety of needs and markets. They also offer various financing options, so customers can choose the best option for them.

Key strategies adopted by leading players in the automotive ac compressor market

Some of the major strategies employed by these companies include aggressive marketing campaigns, developing new products and services, and increasing product efficiency. They also focus on expanding their global footprint to gain an edge in this highly competitive market.

Regional Analysis of the Automotive Ac compressor Market

The automotive ac compressor market is segmented based on geography and type. North America is the largest market, followed by Europe and Asia Pacific. The demand for automotive ac compressors is growing due to the increasing adoption of fuel-efficient and environmentally friendly vehicles. However, the high cost of these compressors has restrained the growth of the market.

The following are some key market players:

1. Daikin Industries Ltd. (Japan)
2. Mitsubishi Heavy Industries Ltd. (Japan)
3. General Electric Company (U.S.)
4. Cummins Incorporated (U.S.)
5. Navistar International Corporation (U.S.)
6. Air Products & Chemicals, Incorporated (U.S.)
7. Eaton Corporation (U.S.)

Conclusion

The automotive ac compressor market is expected to grow at a CAGR of 5.1% from 2017 to 2024, according to MarketsandMarkets study. Increasing demand for high-performance and fuel efficient vehicles is fuelling the growth of the automotive ac compressor market.

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