The Europe Automotive AC Compressor Market would 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 in the European Union, due to its greater global warming potential, HFO-1234yf is a modern low GWP refrigerant 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 automotive air-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 has the biggest private investment in R&D. To boost the productivity of the EU automotive industry as well as maintain its status as a technological leader, the European Commission promotes technology standardization and provides funding for R&D. The regional governments 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.
Free Valuable Insights: The Global Automotive AC Compressor Market will Hit $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.
By Vehicle Type
By Compressor Type
By Drive Type
By Sales Channel
By Country
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