Automotive Air Conditioning System Compressor Market

Various new technologies are penetrating the global market, making automotive air conditioning system compressors more efficient in functioning with low production and operational costs. Installation of lightweight and compact size compressors are gaining prevalence recently across all the vehicle segments. These features also aid in reducing noise and vibration levels of vehicle and help in achieving fuel economy targets.

Over the years, air conditioning systems have become an integral part of all types of vehicles including passenger cars, light commercial vehicles (LCV) and heavy commercial vehicles (HCV). In developing economies significant opportunity exists for aftermarket installation of air conditioning systems in vehicles and such trend is likely to prevail for next five to six years.

Increasing vehicle production, fleet on road and increasing installation of comfort features in economic segment cars is driving growth in global automotive air compressors market. Premium vehicle prices, maintenance issues and some of the technical constraints pose minor resistance towards rapid growth of automotive air compressors market globally.

Other minor issues in automotive air compressors is related with use of inferior quality refrigerant and leakage. Automakers are keen on eliminating such issues by employing sophisticated and advanced technologies.

On technological front, opportunity exists for market players to introduce more efficient system compressors at competitive prices. Continuous development in the design of system compressor to reduce its size is the major trend observed among global players.

Owing to growing overall automotive air conditioning system consumption, coupled with technological advancements to provide better equipment at competitive cost, the global market for automotive air conditioning system compressor is expected to register significant growth over the forecast period.

Automotive Air Conditioning System Compressor Market Segmentation:

Automotive air conditioning system compressor can be segmented on the basis of various segments such as by product type, vehicle type, configuration and sales channel.

Some of the key players identified in the market include Toyota Industries, TD Automotive Compressor, Gardner Denver, Denso Auto, SANDEN USA, Michigan Automotive Compressor Inc., General Auto, and Delphi PLC.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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