Future Market Insights has announced the addition of the “Automotive Air Conditioning System Compressor Market: Global Industry Analysis and Opportunity Assessment 2016-2026" report to their offering.
Valley Cottage, NY -- (SBWIRE) -- 08/18/2016 -- Cabin space in automobiles has become more sophisticated, advanced, aesthetic and comfort driven in the recent past. Air conditioning systems have evolved from comfort feature to necessary feature these days. Automakers and component manufacturers have made advancements in technology relating to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical for installing in low budget and compact cars without compromising on overall performance of vehicle.
Compressors play an important role in smooth and efficient functioning of air conditioning systems in automobiles. The contemporary heating ventilation and air conditioning (HVAC) systems ensure thermal comfort for vehicle occupants across wide range of temperature right from hot-humid to cooler ones. Compressors maintain necessary flow and pressure of refrigerant in the system in order to facilitate heat rejection from the confined space. These requirements are met by using variable speed ranges and capacity of the system. With varied requirements, compressors are designed to support cabin heating function as well, for automobiles operating in cold climatic conditions. Automobile manufacturers, providing such efficient automotive air conditioning system, are using it as an important tool for marketing their vehicles.
Automotive Air Conditioning System Compressor Market Dynamics:
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.
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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.
Scroll Type Compressor
Rotary Type Compressor
By Vehicle Type:
Light Commercial Vehicle
Heavy Commercial Vehicle
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By Product Type:
Fixed Displacement Type
Continuous Variable Displacement Type
By Sales Channel:
Original Equipment Manufacturer
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.