The Automotive AC Compressor Global Market Report 2023, provides comprehensive information on the automotive ac compressor market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global automotive AC compressor market size is expected to grow from $8.54 billion in 2022 to $8.89 billion in 2023 at a compound annual growth rate (CAGR) of 4.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global automotive AC compressor market size is expected to reach $10.26 billion in 2027 at a CAGR of 3.7%.
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Technological advancement is a key trend gaining popularity in the automotive AC compressor market. Major companies operating in the automotive AC compressor market are concentrating their efforts on creating technologically advanced products to meet the evolving demand from the automotive industry and to stay competitive in the market. For instance, in November 2022, Mahle, a Germany-based automotive parts manufacturer introduced an e-compressor (electric AC compressor) based on high voltage technology. This compressor controls the temperature of the e-drive, which is important for charging speed, servicing life, and increasing the life of the battery. It is a high-voltage noise optimized compressor which produces light vibrations.
The automotive ac compressor market is segmented:
1) By Compressor: Variable Displacement, Fixed Displacement, Electric Compressor
2) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
3) By Drive Type: Electric, Conventional
4) By Sales Channel: Original Equipment Manufacturer (OEM), Replacement
Asia-Pacific was the largest region in the automotive ac compressor market in 2022.
The table of contents in TBRC’s automotive ac compressor market report includes:
- Executive Summary
- Automotive AC Compressor Market Characteristics
- Automotive AC Compressor Market Trends And Strategies
- Automotive AC Compressor Market – Macro Economic Scenario
- Automotive AC Compressor Market Size And Growth
.
- Automotive AC Compressor Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Automotive AC Compressor Market
- Automotive AC Compressor Market Future Outlook and Potential Analysis
- Appendix
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