Global Automotive Heating, Ventilation, and Air Conditioning (HVAC) Compressor Market 2017-2021
About Automotive HVAC Compressor
HVAC is a technology to maintain the internal temperature of the vehicle cabins. Automotive HVAC systems comprise of various components such as refrigeration units, blower motors, and actuators, which are coupled with ducts. Due to the increased demand for comfort in vehicles, these compressors are increasingly being used even in mass selling cars as well as commercial vehicles. There are two types of HVAC compressors: automatic HVAC compressor and manual HVAC compressor. Automatic HVAC compressors are fitted in the premium and luxury segment passenger cars.
Technavio’s analysts forecast the global automotive HVAC compressor market to grow at a CAGR of 4.73% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive HVAC compressor market for 2017-2021. To calculate the market size, the report considers the number of vehicles sold in different regions.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive HVAC Compressor Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive HVAC compressor market: Johnson Electric, DENSO, and Valeo.
Other Prominent Vendors in the market are: Calsonic Kansei, Delphi, and Visteon.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is increased use of compact variable compressors. There has been an increased use of compact variable compressors (CVCs) due to its several benefits over conventional compressors. The contemporary CVCs are based on variable displacement piston compressor technology. Such compressors are adaptable to both electronic control and pneumatic control.”
According to the report, one driver in market is low penetration of passenger cars in APAC. The penetration of cars in APAC is low compared with other regions, converting APAC into a favorable market for car OEMs. India had one of the lowest car penetrations in the world, about 15 cars per 1,000 people in 2016. China had about 60 cars per 1,000 people and Brazil had 203 cars per 1,000 in 2016. Developed countries, such as the US, have a car penetration of about 800 cars per 1,000 people in 2016. Decreased penetration of cars in emerging countries are presenting a wide opportunity for car OEMs to start their business in APAC. The automotive industry is expected to expand in emerging countries such as China, India, Brazil, South Korea, Indonesia, and parts of eastern Europe.
Further, the report states that one challenges in market is growing concern for increased greenhouse gases from automotive industry. All economies, either developed or developing, are trying to restrict carbon emissions from the automotive industry, which is one of the primary reasons for the increase in greenhouse gases. In Europe, road vehicles account for 25% of carbon emissions. European countries are trying to restrict carbon emissions due to health and environmental concerns. As stringent carbon emission norms are being adopted in Europe, the rise in CO₂ emissions will increase the cost of purchasing vehicles, as taxes are levied based on carbon emitted by vehicles.
Johnson Electric, DENSO, Valeo, Calsonic Kansei, Delphi, and Visteon.
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