The Asia Pacific Automotive AC Compressor Market would 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 businesses in the automotive AC compressor sector to create the best compressor feed-throughs for 48V as 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 economies are 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 the vehicles manufactured in this country were passenger cars, while commercial vehicles composed a significant proportion. The demand for AC compressors is 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 like China and Japan. Hence, these factors are encouraging the market for automotive AC compressors to 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.
Free Valuable Insights: The Worldwide Automotive AC Compressor Market is Projected to reach USD 10.1 Billion by 2028, at a CAGR of 3.5%
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
Market Segments Covered in the Report:
By Vehicle Type
- Passenger Cars
- Heavy Commercial Vehicles
- Light Commercial Vehicles
By Compressor Type
- Variable Displacement
- Fixed Displacement
- Electric Compressor
By Drive Type
By Sales Channel
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.
TABLE 1 Asia Pacific Automotive AC Compressor Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Automotive AC Compressor Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Automotive AC Compressor Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Automotive AC Compressor Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Passenger Cars Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Passenger Cars Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Heavy Commercial Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Heavy Commercial Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Light Commercial Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Light Commercial Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Automotive AC Compressor Market by Compressor Type, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Automotive AC Compressor Market by Compressor Type, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Variable Displacement Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Variable Displacement Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Fixed Displacement Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Fixed Displacement Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Electric Compressor Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Electric Compressor Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Automotive AC Compressor Market by Drive Type, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Automotive AC Compressor Market by Drive Type, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Conventional Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Conventional Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Electric Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Electric Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Automotive AC Compressor Market by Sales Channel, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Automotive AC Compressor Market by Sales Channel, 2022 - 2028, USD Million
TABLE 27 Asia Pacific OEM Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific OEM Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Aftermarket Market by Country, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Aftermarket Market by Country, 2022 - 2028, USD Million
TABLE 31 Asia Pacific Automotive AC Compressor Market by Country, 2018 - 2021, USD Million
TABLE 32 Asia Pacific Automotive AC Compressor Market by Country, 2022 - 2028, USD Million
TABLE 33 China Automotive AC Compressor Market, 2018 - 2021, USD Million
TABLE 34 China Automotive AC Compressor Market, 2022 - 2028, USD Million
TABLE 35 China Automotive AC Compressor Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 36 China Automotive AC Compressor Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 37 China Automotive AC Compressor Market by Compressor Type, 2018 - 2021, USD Million
TABLE 38 China Automotive AC Compressor Market by Compressor Type, 2022 - 2028, USD Million
TABLE 39 China Automotive AC Compressor Market by Drive Type, 2018 - 2021, USD Million
TABLE 40 China Automotive AC Compressor Market by Drive Type, 2022 - 2028, USD Million
TABLE 41 China Automotive AC Compressor Market by Sales Channel, 2018 - 2021, USD Million
TABLE 42 China Automotive AC Compressor Market by Sales Channel, 2022 - 2028, USD Million
TABLE 43 Japan Automotive AC Compressor Market, 2018 - 2021, USD Million
TABLE 44 Japan Automotive AC Compressor Market, 2022 - 2028, USD Million
TABLE 45 Japan Automotive AC Compressor Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 46 Japan Automotive AC Compressor Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 47 Japan Automotive AC Compressor Market by Compressor Type, 2018 - 2021, USD Million
TABLE 48 Japan Automotive AC Compressor Market by Compressor Type, 2022 - 2028, USD Million
TABLE 49 Japan Automotive AC Compressor Market by Drive Type, 2018 - 2021, USD Million
TABLE 50 Japan Automotive AC Compressor Market by Drive Type, 2022 - 2028, USD Million
TABLE 51 Japan Automotive AC Compressor Market by Sales Channel, 2018 - 2021, USD Million
TABLE 52 Japan Automotive AC Compressor Market by Sales Channel, 2022 - 2028, USD Million
TABLE 53 India Automotive AC Compressor Market, 2018 - 2021, USD Million
TABLE 54 India Automotive AC Compressor Market, 2022 - 2028, USD Million
TABLE 55 India Automotive AC Compressor Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 56 India Automotive AC Compressor Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 57 India Automotive AC Compressor Market by Compressor Type, 2018 - 2021, USD Million
TABLE 58 India Automotive AC Compressor Market by Compressor Type, 2022 - 2028, USD Million
TABLE 59 India Automotive AC Compressor Market by Drive Type, 2018 - 2021, USD Million
TABLE 60 India Automotive AC Compressor Market by Drive Type, 2022 - 2028, USD Million
TABLE 61 India Automotive AC Compressor Market by Sales Channel, 2018 - 2021, USD Million
TABLE 62 India Automotive AC Compressor Market by Sales Channel, 2022 - 2028, USD Million
TABLE 63 South Korea Automotive AC Compressor Market, 2018 - 2021, USD Million
TABLE 64 South Korea Automotive AC Compressor Market, 2022 - 2028, USD Million
TABLE 65 South Korea Automotive AC Compressor Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 66 South Korea Automotive AC Compressor Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 67 South Korea Automotive AC Compressor Market by Compressor Type, 2018 - 2021, USD Million
TABLE 68 South Korea Automotive AC Compressor Market by Compressor Type, 2022 - 2028, USD Million
TABLE 69 South Korea Automotive AC Compressor Market by Drive Type, 2018 - 2021, USD Million
TABLE 70 South Korea Automotive AC Compressor Market by Drive Type, 2022 - 2028, USD Million
TABLE 71 South Korea Automotive AC Compressor Market by Sales Channel, 2018 - 2021, USD Million
TABLE 72 South Korea Automotive AC Compressor Market by Sales Channel, 2022 - 2028, USD Million
TABLE 73 Singapore Automotive AC Compressor Market, 2018 - 2021, USD Million
TABLE 74 Singapore Automotive AC Compressor Market, 2022 - 2028, USD Million
TABLE 75 Singapore Automotive AC Compressor Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 76 Singapore Automotive AC Compressor Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 77 Singapore Automotive AC Compressor Market by Compressor Type, 2018 - 2021, USD Million
TABLE 78 Singapore Automotive AC Compressor Market by Compressor Type, 2022 - 2028, USD Million
TABLE 79 Singapore Automotive AC Compressor Market by Drive Type, 2018 - 2021, USD Million
TABLE 80 Singapore Automotive AC Compressor Market by Drive Type, 2022 - 2028, USD Million
TABLE 81 Singapore Automotive AC Compressor Market by Sales Channel, 2018 - 2021, USD Million
TABLE 82 Singapore Automotive AC Compressor Market by Sales Channel, 2022 - 2028, USD Million
TABLE 83 Malaysia Automotive AC Compressor Market, 2018 - 2021, USD Million
TABLE 84 Malaysia Automotive AC Compressor Market, 2022 - 2028, USD Million
TABLE 85 Malaysia Automotive AC Compressor Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 86 Malaysia Automotive AC Compressor Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 87 Malaysia Automotive AC Compressor Market by Compressor Type, 2018 - 2021, USD Million
TABLE 88 Malaysia Automotive AC Compressor Market by Compressor Type, 2022 - 2028, USD Million
TABLE 89 Malaysia Automotive AC Compressor Market by Drive Type, 2018 - 2021, USD Million
TABLE 90 Malaysia Automotive AC Compressor Market by Drive Type, 2022 - 2028, USD Million
TABLE 91 Malaysia Automotive AC Compressor Market by Sales Channel, 2018 - 2021, USD Million
TABLE 92 Malaysia Automotive AC Compressor Market by Sales Channel, 2022 - 2028, USD Million
TABLE 93 Rest of Asia Pacific Automotive AC Compressor Market, 2018 - 2021, USD Million
TABLE 94 Rest of Asia Pacific Automotive AC Compressor Market, 2022 - 2028, USD Million
TABLE 95 Rest of Asia Pacific Automotive AC Compressor Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 96 Rest of Asia Pacific Automotive AC Compressor Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 97 Rest of Asia Pacific Automotive AC Compressor Market by Compressor Type, 2018 - 2021, USD Million
TABLE 98 Rest of Asia Pacific Automotive AC Compressor Market by Compressor Type, 2022 - 2028, USD Million
TABLE 99 Rest of Asia Pacific Automotive AC Compressor Market by Drive Type, 2018 - 2021, USD Million
TABLE 100 Rest of Asia Pacific Automotive AC Compressor Market by Drive Type, 2022 - 2028, USD Million
TABLE 101 Rest of Asia Pacific Automotive AC Compressor Market by Sales Channel, 2018 - 2021, USD Million
TABLE 102 Rest of Asia Pacific Automotive AC Compressor Market by Sales Channel, 2022 - 2028, USD Million
TABLE 103 Key Information – Continental AG
TABLE 104 Key Information – Hanon Systems
TABLE 105 Key Information – Toyota Industries Corporation
TABLE 106 Key Information – Mitsubishi Heavy Industries Ltd.
TABLE 107 Key Information – Subros ltd
TABLE 108 Key information – Mahle GmbH
TABLE 109 key information – Denso Corporation
TABLE 110 Key Information – Sanden corporation
TABLE 111 key information – Valeo SA
TABLE 112 Key Information – BorgWarner Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: Continental AG
FIG 3 Recent strategies and developments: Hanon SYSTEMS