Global Automotive Air Conditioner Pressure Regulator Market to be dominated by Passenger vehicle segment till 2026
Increase in demand for the
thermal comfort and the technological advancements are expected to drive the
demand of the global automotive air conditioner pressure regulator market for
the forecast period.
According to TechSci Research report, “Automotive
Air Conditioner Pressure Regulator Market - Global Industry Size, Share,
Trends, Opportunity and Forecast, 2016-2026, Segmented By Component (Compressor, Accumulator,
Evaporator, Others), By Vehicle Type (Passenger, LCV, M&HCV), By Demand
Category (OEM vs Replacement) and By Region”, the global automotive air conditioner pressure
regulator market is expected to witness a growth of steady CAGR for the
forecast period, 2022-2026. The growing demand for automobiles from the
developing economies is driving the market growth. Rapid industrialization
across the developing economies is increasing the air pollution levels. Advanced
cooling systems installed in automobiles aids in filtering the air present
inside the vehicle which helps in the prevention of air-borne diseases. The
presence of high-speed vehicles and the increase in the traveling distance
along with the rise in the commuting people present in various economies is
expected to surge the product demand. Lowering the wind resistance due to the
closed window of the automobiles aids in increasing the efficiency of the
vehicle. It also improves the pick-up and acceleration thereby increasing the
demand for the installation of air conditioners in automobiles to maintain
sufficient airflow in the vehicles. The rapid urbanization of people in search
of better living standards and job opportunities are increasing the sales of automobiles
that in turn is expected to foster market growth.
However, the high maintenance cost of the automotive
air conditioner may create a hindrance in the global automotive air conditioner
pressure regulator market growth for the forecast period.
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Global
automotive air conditioner pressure regulator market is segmented into
component, vehicle type, demand category, regional distribution, and company.
Based on the vehicle type, the market is divided into passenger, LCV, and
M&HCV. The passenger vehicle type segment is expected to account for major
market share for the forecast period, 2022-2026. The growing preference for
vehicle ownership for enhanced convenience and comfort is driving the sales of
passenger vehicles. Based on the demand category, the market is bifurcated into
OEM and replacement. The OEM segment is expected to witness significant growth
for the next five years. The high quality offered by OEM and the warranty
facility associated with the product sold directly by OEM are driving the growth
of the market. OEM are increasing their production capacity to meet the growing
sales of automobiles integrated with advanced features. Based on component, the
market is divided into compressor, accumulator, evaporator, and others. The
compressor is a kind of pump which is attached to the engine. The compressor is
used to radiate heat and helps in transferring and compressing the refrigerant
gas. The hot compressed gas is introduced on the top of the condenser and the
cooling of the compressed gas is done instantly. After cooling they condense
and leave the bottom of the condenser as a high-pressure fluid. The evaporator
is used to remove the heat within the vehicle and dehumidify the environment
within it. Accumulator protects the system components. The role of the
accumulator is to isolate the compressor and save it from getting damaged with
the liquid refrigerant. It also removes moisture and debris from the system.
Mastercool
Inc., ControlAir Inc., Schrader-Bridgeport International, Inc., Agilent Technologies,
Inc., All Sensors Corporation, Ashcroft Inc., Automation Products Group, Inc.,
Barksdale, Inc.., Danfoss, Inc., Durable Controls Inc. are the leading players
operating in global automotive air conditioner pressure regulator market. Manufacturers
are increasingly focusing on research and development process to fuel higher
growth in the market. To meet evolving customer demand with respect to better
efficiency and durability, several automotive air conditioner pressure regulator
manufacturers are coming up with their technologically advanced offerings.
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“The
high demand for the development of technologies to reduce carbon emissions
owing to its harmful effect on the environment is influencing the market
players to develop air conditioners that are environment friendly and
efficient. The development of the air conditioner which is fuel-efficient to
make it more cost-effective is creating lucrative opportunities for market
growth. The automotive air conditioner is also crucial for the safety of the
driver, as it adjusts the temperature to keep the driver comfortable and
dehumidifies the cabin air thereby preventing the windows from fogging up is
expected to propel the demand of the global automotive air conditioner pressure
regulator market till 2026” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Automotive
Air Conditioner Pressure Regulator Market - Global Industry Size, Share,
Trends, Opportunity and Forecast, 2016-2026
Segmented
By Component (Compressor, Accumulator, Evaporator, Others), By Vehicle Type
(Passenger, LCV, M&HCV), By Demand Category (OEM vs Replacement) and By
Region” has evaluated the future growth potential of global automotive
air conditioner pressure regulator market and provided statistics & information
on market size, shares, structure and future market growth. The report intends
to provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities in the
of global automotive air conditioner pressure regulator market.
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