The Europe Automotive AC Compressor Market should witness market growth of 2.8% CAGR during the forecast period (2022-2028).
In modern automobiles, air conditioning is used frequently. In vehicles, most of the mobile air conditioning (MAC) systems employ R134a refrigerant along with engine-driven compressors. Under the F-Gas standards, these systems are categorized differently. R134a will eventually be phased out as a result, and alternative fluids with global warming potential (GWPs)under 150 are now being developed. As a replacement for HFC-134a, which is being replaced rapidly in many regions, particularly inthe European Union, due to its greater global warming potential, HFO-1234yf is a modern low GWPrefrigerant designed for automobile air conditioning systems.
With minor design changes, HFO-1234yf might potentially be employed in direct expansion vehicle air conditioning systems. It also has low toxicity. Significant research has already been done to support HFO-1234yf's modest flammability traits. Industry-wide risk analyses have determined that HFO-1234yf can be utilized in automotiveair-conditioning systems without posing any danger. Potential implementation options are provided, and automotive OEM companies are prepared for the HFO-1234yf product installation at the manufacturing site.
Europe is home to major car manufactures. The automotive industry is essential to Europe's development. The EU is among the leading automobile producers in the world, and this sector hasthe biggest private investment in R&D. To boost the productivity of the EU automotive industry as well as maintain its statusas a technological leader, the European Commission promotes technology standardization and provides funding for R&D. The regionalgovernments have created strict regulations for greenhouse gas emissions and are putting HVAC systems into place. This is expected to boost product demand and fuel the expansion of the automotive AC compressor market.
The Germany market dominated the Europe Automotive AC Compressor Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $692.1 million by 2028. The UK market is anticipated to grow at a CAGR of 2% during (2022-2028). Additionally, The France market would exhibit a CAGR of 3.6% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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.
In modern automobiles, air conditioning is used frequently. In vehicles, most of the mobile air conditioning (MAC) systems employ R134a refrigerant along with engine-driven compressors. Under the F-Gas standards, these systems are categorized differently. R134a will eventually be phased out as a result, and alternative fluids with global warming potential (GWPs)under 150 are now being developed. As a replacement for HFC-134a, which is being replaced rapidly in many regions, particularly inthe European Union, due to its greater global warming potential, HFO-1234yf is a modern low GWPrefrigerant designed for automobile air conditioning systems.
With minor design changes, HFO-1234yf might potentially be employed in direct expansion vehicle air conditioning systems. It also has low toxicity. Significant research has already been done to support HFO-1234yf's modest flammability traits. Industry-wide risk analyses have determined that HFO-1234yf can be utilized in automotiveair-conditioning systems without posing any danger. Potential implementation options are provided, and automotive OEM companies are prepared for the HFO-1234yf product installation at the manufacturing site.
Europe is home to major car manufactures. The automotive industry is essential to Europe's development. The EU is among the leading automobile producers in the world, and this sector hasthe biggest private investment in R&D. To boost the productivity of the EU automotive industry as well as maintain its statusas a technological leader, the European Commission promotes technology standardization and provides funding for R&D. The regionalgovernments have created strict regulations for greenhouse gas emissions and are putting HVAC systems into place. This is expected to boost product demand and fuel the expansion of the automotive AC compressor market.
The Germany market dominated the Europe Automotive AC Compressor Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $692.1 million by 2028. The UK market is anticipated to grow at a CAGR of 2% during (2022-2028). Additionally, The France market would exhibit a CAGR of 3.6% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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.
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- Exhaustive coverage
- The highest number of market tables and figures
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- 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 Europe Automotive AC Compressor Market, by Vehicle Type
1.4.2 Europe Automotive AC Compressor Market, by Compressor Type
1.4.3 Europe Automotive AC Compressor Market, by Drive Type
1.4.4 Europe Automotive AC Compressor Market, by Sales Channel
1.4.5 Europe 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. Europe Automotive AC Compressor Market by Vehicle Type
3.1 Europe Passenger Cars Market by Country
3.2 Europe Heavy Commercial Vehicles Market by Country
3.3 Europe Light Commercial Vehicles Market by Country
Chapter 4. Europe Automotive AC Compressor Market by Compressor Type
4.1 Europe Variable Displacement Market by Country
4.2 Europe Fixed Displacement Market by Country
4.3 Europe Electric Compressor Market by Country
Chapter 5. Europe Automotive AC Compressor Market by Drive Type
5.1 Europe Conventional Market by Country
5.2 Europe Electric Market by Country
Chapter 6. Europe Automotive AC Compressor Market by Sales Channel
6.1 Europe OEM Market by Country
6.2 Europe Aftermarket Market by Country
Chapter 7. Europe Automotive AC Compressor Market by Country
7.1 Germany Automotive AC Compressor Market
7.1.1 Germany Automotive AC Compressor Market by Vehicle Type
7.1.2 Germany Automotive AC Compressor Market by Compressor Type
7.1.3 Germany Automotive AC Compressor Market by Drive Type
7.1.4 Germany Automotive AC Compressor Market by Sales Channel
7.2 UK Automotive AC Compressor Market
7.2.1 UK Automotive AC Compressor Market by Vehicle Type
7.2.2 UK Automotive AC Compressor Market by Compressor Type
7.2.3 UK Automotive AC Compressor Market by Drive Type
7.2.4 UK Automotive AC Compressor Market by Sales Channel
7.3 France Automotive AC Compressor Market
7.3.1 France Automotive AC Compressor Market by Vehicle Type
7.3.2 France Automotive AC Compressor Market by Compressor Type
7.3.3 France Automotive AC Compressor Market by Drive Type
7.3.4 France Automotive AC Compressor Market by Sales Channel
7.4 Russia Automotive AC Compressor Market
7.4.1 Russia Automotive AC Compressor Market by Vehicle Type
7.4.2 Russia Automotive AC Compressor Market by Compressor Type
7.4.3 Russia Automotive AC Compressor Market by Drive Type
7.4.4 Russia Automotive AC Compressor Market by Sales Channel
7.5 Spain Automotive AC Compressor Market
7.5.1 Spain Automotive AC Compressor Market by Vehicle Type
7.5.2 Spain Automotive AC Compressor Market by Compressor Type
7.5.3 Spain Automotive AC Compressor Market by Drive Type
7.5.4 Spain Automotive AC Compressor Market by Sales Channel
7.6 Italy Automotive AC Compressor Market
7.6.1 Italy Automotive AC Compressor Market by Vehicle Type
7.6.2 Italy Automotive AC Compressor Market by Compressor Type
7.6.3 Italy Automotive AC Compressor Market by Drive Type
7.6.4 Italy Automotive AC Compressor Market by Sales Channel
7.7 Rest of Europe Automotive AC Compressor Market
7.7.1 Rest of Europe Automotive AC Compressor Market by Vehicle Type
7.7.2 Rest of Europe Automotive AC Compressor Market by Compressor Type
7.7.3 Rest of Europe Automotive AC Compressor Market by Drive Type
7.7.4 Rest of Europe 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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