The Asia Pacific Automotive AC Compressor Market should witness market growth of 4.1% CAGR during the forecast period (2022-2028).
Electricity is now being used to run AC compressors, as evidenced by the rise of electromobility. This is a chance for businessesin the automotive AC compressor sector to create the best compressor feed-throughs for 48Vas well as high-voltage operations. In addition, by using a specific synthetic elastomer designed for high-voltage applications, manufacturers are expanding their capacity for producing copper conductors for more insulation and high current. E-compressor production capacity is being increased by manufacturers in the vehicle AC compressor market.
E-compressors are becoming more important since, in the event that the AC system malfunctions, neither electric nor hybrid vehicles can be operated without running the risk of battery overheating. People in emerging economiesare choosing hybrid and electric automobiles as a result of rising fuel prices. For businesses in the automotive AC compressor sector, these changes are turning into business potential. Compressors are essential for battery heat management because they increase battery range, maintain battery life, and create more opportunities for future faster charging times.
India is investing heavily in the automobile industry as it manufactures vehicles for its enormous population. The adoption of hybrid and electric vehicles has created a sizable demand for AC compressors. Most of thevehicles manufactured in this country were passenger cars, whilecommercial vehicles composed a significant proportion. The demand for AC compressorsis also growing in places like Singapore, Australia, and South Korea. Government initiatives and the abundance of manufacturers in this region are fostering market expansion. In addition, the automobile industry's focus on technological advancement is made possible by its close proximity to nations likeChina and Japan. Hence, these factors are encouraging the market for automotive AC compressorsto expand.
The China market dominated the Asia Pacific Automotive AC Compressor Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,062.6 million by 2028. The Japan market is estimated to grow a CAGR of 3.4% during (2022-2028). Additionally, The India market would experience a CAGR of 4.7% during (2022-2028).
Based on Vehicle Type, the market is segmented into Passenger Cars, Heavy Commercial Vehicles and Light Commercial Vehicles. Based on Compressor Type, the market is segmented into Variable Displacement, Fixed Displacement and Electric Compressor. Based on Drive Type, the market is segmented into Conventional and Electric. Based on Sales Channel, the market is segmented into OEM and Aftermarket. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Continental AG, Hanon SYSTEMS (Hahn & Co. Auto Holdings Co., Ltd.), Toyota Industries Corporation, Mitsubishi Heavy Industries Ltd., Subros Ltd, Mahle GmbH (Mahle Stiftung GmbH), Denso Corporation, Sanden Corporation (Hisense Home Appliances Group Co., Ltd), Valeo SA, and BorgWarner Inc.
Electricity is now being used to run AC compressors, as evidenced by the rise of electromobility. This is a chance for businessesin the automotive AC compressor sector to create the best compressor feed-throughs for 48Vas well as high-voltage operations. In addition, by using a specific synthetic elastomer designed for high-voltage applications, manufacturers are expanding their capacity for producing copper conductors for more insulation and high current. E-compressor production capacity is being increased by manufacturers in the vehicle AC compressor market.
E-compressors are becoming more important since, in the event that the AC system malfunctions, neither electric nor hybrid vehicles can be operated without running the risk of battery overheating. People in emerging economiesare choosing hybrid and electric automobiles as a result of rising fuel prices. For businesses in the automotive AC compressor sector, these changes are turning into business potential. Compressors are essential for battery heat management because they increase battery range, maintain battery life, and create more opportunities for future faster charging times.
India is investing heavily in the automobile industry as it manufactures vehicles for its enormous population. The adoption of hybrid and electric vehicles has created a sizable demand for AC compressors. Most of thevehicles manufactured in this country were passenger cars, whilecommercial vehicles composed a significant proportion. The demand for AC compressorsis also growing in places like Singapore, Australia, and South Korea. Government initiatives and the abundance of manufacturers in this region are fostering market expansion. In addition, the automobile industry's focus on technological advancement is made possible by its close proximity to nations likeChina and Japan. Hence, these factors are encouraging the market for automotive AC compressorsto expand.
The China market dominated the Asia Pacific Automotive AC Compressor Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,062.6 million by 2028. The Japan market is estimated to grow a CAGR of 3.4% during (2022-2028). Additionally, The India market would experience a CAGR of 4.7% during (2022-2028).
Based on Vehicle Type, the market is segmented into Passenger Cars, Heavy Commercial Vehicles and Light Commercial Vehicles. Based on Compressor Type, the market is segmented into Variable Displacement, Fixed Displacement and Electric Compressor. Based on Drive Type, the market is segmented into Conventional and Electric. Based on Sales Channel, the market is segmented into OEM and Aftermarket. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Continental AG, Hanon SYSTEMS (Hahn & Co. Auto Holdings Co., Ltd.), Toyota Industries Corporation, Mitsubishi Heavy Industries Ltd., Subros Ltd, Mahle GmbH (Mahle Stiftung GmbH), Denso Corporation, Sanden Corporation (Hisense Home Appliances Group Co., Ltd), Valeo SA, and BorgWarner Inc.
Scope of the Study
By Vehicle Type
- Passenger Cars
- Heavy Commercial Vehicles
- Light Commercial Vehicles
By Compressor Type
- Variable Displacement
- Fixed Displacement
- Electric Compressor
By Drive Type
- Conventional
- Electric
By Sales Channel
- OEM
- Aftermarket
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Continental AG
- Hanon SYSTEMS (Hahn & Co. Auto Holdings Co., Ltd.)
- Toyota Industries Corporation
- Mitsubishi Heavy Industries Ltd.
- Subros Ltd
- Mahle GmbH (Mahle Stiftung GmbH)
- Denso Corporation
- Sanden Corporation (Hisense Home Appliances Group Co., Ltd)
- Valeo SA
- BorgWarner Inc.
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Automotive AC Compressor Market, by Vehicle Type
1.4.2 Asia Pacific Automotive AC Compressor Market, by Compressor Type
1.4.3 Asia Pacific Automotive AC Compressor Market, by Drive Type
1.4.4 Asia Pacific Automotive AC Compressor Market, by Sales Channel
1.4.5 Asia Pacific Automotive AC Compressor Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Automotive AC Compressor Market by Vehicle Type
3.1 Asia Pacific Passenger Cars Market by Country
3.2 Asia Pacific Heavy Commercial Vehicles Market by Country
3.3 Asia Pacific Light Commercial Vehicles Market by Country
Chapter 4. Asia Pacific Automotive AC Compressor Market by Compressor Type
4.1 Asia Pacific Variable Displacement Market by Country
4.2 Asia Pacific Fixed Displacement Market by Country
4.3 Asia Pacific Electric Compressor Market by Country
Chapter 5. Asia Pacific Automotive AC Compressor Market by Drive Type
5.1 Asia Pacific Conventional Market by Country
5.2 Asia Pacific Electric Market by Country
Chapter 6. Asia Pacific Automotive AC Compressor Market by Sales Channel
6.1 Asia Pacific OEM Market by Country
6.2 Asia Pacific Aftermarket Market by Country
Chapter 7. Asia Pacific Automotive AC Compressor Market by Country
7.1 China Automotive AC Compressor Market
7.1.1 China Automotive AC Compressor Market by Vehicle Type
7.1.2 China Automotive AC Compressor Market by Compressor Type
7.1.3 China Automotive AC Compressor Market by Drive Type
7.1.4 China Automotive AC Compressor Market by Sales Channel
7.2 Japan Automotive AC Compressor Market
7.2.1 Japan Automotive AC Compressor Market by Vehicle Type
7.2.2 Japan Automotive AC Compressor Market by Compressor Type
7.2.3 Japan Automotive AC Compressor Market by Drive Type
7.2.4 Japan Automotive AC Compressor Market by Sales Channel
7.3 India Automotive AC Compressor Market
7.3.1 India Automotive AC Compressor Market by Vehicle Type
7.3.2 India Automotive AC Compressor Market by Compressor Type
7.3.3 India Automotive AC Compressor Market by Drive Type
7.3.4 India Automotive AC Compressor Market by Sales Channel
7.4 South Korea Automotive AC Compressor Market
7.4.1 South Korea Automotive AC Compressor Market by Vehicle Type
7.4.2 South Korea Automotive AC Compressor Market by Compressor Type
7.4.3 South Korea Automotive AC Compressor Market by Drive Type
7.4.4 South Korea Automotive AC Compressor Market by Sales Channel
7.5 Singapore Automotive AC Compressor Market
7.5.1 Singapore Automotive AC Compressor Market by Vehicle Type
7.5.2 Singapore Automotive AC Compressor Market by Compressor Type
7.5.3 Singapore Automotive AC Compressor Market by Drive Type
7.5.4 Singapore Automotive AC Compressor Market by Sales Channel
7.6 Malaysia Automotive AC Compressor Market
7.6.1 Malaysia Automotive AC Compressor Market by Vehicle Type
7.6.2 Malaysia Automotive AC Compressor Market by Compressor Type
7.6.3 Malaysia Automotive AC Compressor Market by Drive Type
7.6.4 Malaysia Automotive AC Compressor Market by Sales Channel
7.7 Rest of Asia Pacific Automotive AC Compressor Market
7.7.1 Rest of Asia Pacific Automotive AC Compressor Market by Vehicle Type
7.7.2 Rest of Asia Pacific Automotive AC Compressor Market by Compressor Type
7.7.3 Rest of Asia Pacific Automotive AC Compressor Market by Drive Type
7.7.4 Rest of Asia Pacific Automotive AC Compressor Market by Sales Channel
Chapter 8. Company Profiles
8.1 Continental AG
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 SWOT Analysis
8.2 Hanon SYSTEMS (Hahn & Co. Auto Holdings Co., Ltd.)
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Research & Development Expenses
8.2.4 Recent strategies and developments:
8.2.4.1 Acquisition, Mergers and Joint Ventures:
8.2.4.2 Geographical Expansions:
8.3 Toyota Industries Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.4 Mitsubishi Heavy Industries Ltd.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Product Launches and Product Expansions:
8.5 Subros Ltd
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Recent strategies and developments:
8.5.3.1 Geographical Expansions:
8.6 Mahle GmbH (Mahle Stiftung GmbH)
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.7 Denso Corporation
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional Analysis
8.7.4 Research & Development Expense
8.8 Sanden Corporation (Hisense Home Appliances Group Co., Ltd)
8.8.1 Company Overview
8.8.2 Financial Analysis
8.9 Valeo SA
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expense
8.10. BorgWarner Inc.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expenses
Companies Mentioned
- Continental AG
- Hanon SYSTEMS (Hahn & Co. Auto Holdings Co., Ltd.)
- Toyota Industries Corporation
- Mitsubishi Heavy Industries Ltd.
- Subros Ltd
- Mahle GmbH (Mahle Stiftung GmbH)
- Denso Corporation
- Sanden Corporation (Hisense Home Appliances Group Co., Ltd)
- Valeo SA
- BorgWarner Inc.
Methodology
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