Global Automotive AC Compressor Market Segments 2024, Forecast To 2033
5 Mar, 2024
The automotive AC compressor market showed steady growth, increasing from $8.79 billion in 2023 to $9.16 billion in 2024, with a 4.1% CAGR. Rising automotive ownership, consumer preferences for comfort, and regulatory standards contributed to historical growth. The market is forecasted to reach $10.86 billion in 2028, driven by global urbanization trends and the shift toward electric and hybrid vehicles.
Global Automotive AC Compressor Market Key Driver
The automotive AC compressor market is poised for growth with the rising automotive production worldwide. In 2021, approximately 79.1 million vehicles were produced globally, showcasing a 1.3% increase from the previous year. The demand for automotive AC compressors is driven by their role in compressing and circulating refrigerant gases within vehicle air conditioning systems.
Get A Free Sample Of The Global Automotive AC Compressor Market ReportGlobal Automotive AC Compressor Market Segments
The automotive ac compressor market covered in this report 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
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacific was the largest region in the automotive AC compressor market in 2023. Asia-Pacific is expected to be the fastest-growing region in the automotive AC compressor market during the forecast period. The regions covered in the automotive ac compressor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Automotive AC Compressor Industry Players
Continental AG; Toyota Industries Corporation; Hanon Systems Co. Ltd.; Calsonic Kansei Corporation; Subros Limited; DENSO Corporation; Hella GmbH & Co. KGaA; MAHLE GmbH; Keihin Co. Ltd.; Nissan Motor Co. Ltd.; Mitsubishi Heavy Industries Ltd.; Robert Bosch GmbH; BorgWarner Inc.; Michigan Automotive Compressor Inc.; Yantai Shougang DENSO Co. Ltd.; Zhejiang Santian A/C Compressor Co. Ltd.; Smiths Manufacturing Pty. Ltd.; Gardner Denver Inc.; General Auto Electric Corporation; Nissens Kølerfabrik A/S; Automotive Thermal Systems Co. Ltd.; SANDEN Corporation; Standard Motor Products Inc.; Aotecar New Energy Technology Co. Ltd.; Valeo Clutch Private Limited; Behr Hella Service GmbH; Delphi Technologies Inc.; Hitachi Automotive Systems; Johnson Controls Services Inc.; Panasonic Corporation
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AIOps Automotive AC Compressor Market Overview
An automotive AC compressor is a mechanical device that pressurizes and circulates refrigerant in the air conditioning system of a vehicle to cool the interior of the vehicle. It is used to condition the air inside the vehicle from hot to cold and vice versa.
Automotive AC Compressor Global Market Report 2023 provides data on the global automotive ac compressor market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The automotive ac compressor market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.