Automotive AC Compressor Market Size USD 12.3 Billion by 2030

The Automotive AC Compressor Market is on track for consistent global expansion through 2032, bolstered by the escalating vehicle production.

The growth of the market can be attributed to the increasing demand for passenger cars and commercial vehicles, the rising popularity of electric vehicles, and the growing awareness about the benefits of air conditioning systems. Additionally, the increasing demand for fuel-efficient compressors is also expected to drive the growth of the market. The report provides a comprehensive analysis of the market, including its size, share, latest trends, drivers, challenges, and key companies. The report also provides insights into the competitive landscape of the market. The report is a valuable resource for industry players, investors, and other stakeholders to gain a deep understanding of the market and its potential for growth. The following are some of the key players operating in the Automotive AC Compressor Market: Denso, Valeo, Sanden, Delphi, Mitsubishi Electric, Hitachi, Aisin Seiki, Johnson Controls and BITZER.

Automotive AC Compressor Market Statistics and Highlights:

● The automotive AC compressor market is anticipated to achieve a substantial size of USD 12.3 billion by 2030, marking a robust CAGR of 4.7% during the period from 2022 to 2030.
● Asia Pacific takes the lead, contributing the biggest revenue share in 2021.
● Among drive types, the electric segment held a dominant market share in 2022.
● The remarkable growth in vehicle production and the increasing adoption of AC systems fuel the market's expansion.

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Analysis of Key Market Dynamics:

The automotive AC compressor market is expected to grow significantly in the coming years due to the increasing demand for air conditioners in vehicles. This is especially true in warm regions where air conditioning is a necessity. Additionally, the growing demand for fuel-efficient electric compressors is also expected to drive market growth.
However, there are some challenges that could hinder the growth of the market. One challenge is the complexity of electric compressor designs. Electric compressors are more complex than traditional compressors, which can make them more expensive to manufacture. Additionally, electric compressors are more susceptible to damage from debris ingestion. This can be a problem in dusty or dirty environments.
Despite these challenges, the automotive AC compressor market is expected to grow significantly in the coming years. This growth will be driven by the increasing demand for air conditioners in vehicles and the growing demand for fuel-efficient electric compressors.

Latest Innovations and Trends:

● Lightweight Swash Plate and Scroll Designs: Employed to reduce fuel consumption.
● External Control Valves: Utilized for capacity modulation in variable displacement compressors.
● Multi-Layer Steel and Optimized Sealing: Integrated to diminish NVH issues.
● On-Board Diagnostic Capabilities: Inclusion for predictive maintenance.
● Hybrid Electric-Belt Driven Compressors: In development.

Major Factors Propelling Automotive AC Compressor Market Growth:

● Steady Global Vehicle Production: Accompanied by an increasing penetration of AC systems.
● Growing Demand for Electric Compressors: To enhance fuel efficiency.
● Advancements in Compressor Designs: Including sealing and lubrication, enhancing reliability.
● Rising Consumer Emphasis on In-Cabin Comfort: Including cooling and convenience.
● Stringent Regulatory Regulations: Regarding mobile AC system refrigerants, stimulating upgrades.

Key Challenges Hindering Market Potential:

● Design Challenges in Enhancing Power Density: Especially for electric compressors.
● Noise, Vibration, and Harshness Issues: Necessitating advanced dampening solutions.
● Potential Damage due to Debris Ingestion: Affecting durability.
● High Replacement and Maintenance Costs: May deter adoption.
● Lack of Standardized Safety and Performance Testing: Presents challenges.

Segmentation:

By Type:
● Swash Plate
● Scroll
● Rotary Vane

By Vehicle Type:
● Passenger Cars
● Commercial Vehicles

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Regional Automotive AC Compressor Market Outlook:

Asia Pacific currently commands the automotive AC compressor market, with North America and Europe expected to witness stable growth over the long term. The rapid expansion of production in Latin America and Africa will also contribute to future demand.

Leading Companies Offering Automotive AC Compressors:

Major players in this market landscape encompass DENSO Corporation, Hanon Systems, MAHLE GmbH, Marelli, Sanden Holdings Corporation, SUBROS Limited, Keihin Corporation, HE PuRui (Gree), Valeo, and Everson Corradi, among others.

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This release was published on openPR.