Global Automotive Condenser Market Overview:
Refrigerants have been developed in automobile air conditioning (AAC) industry to improve system performance and reduce the effect of AAC on environment. Micro-channel tube with heat transfer enhancement characteristics is taken as one potential solution for system performance improvement. Automotive air-conditioning system plays an essential role in human comfort and to some extent safety during vehicle driving in varied atmospheric conditions. It has become an important part of the vehicles of all categories.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Technology Development in Automobile Condenser
Market Growth Drivers:
Increasing Demand of Automobile and Rising Preference of the Young Generation toward Sports Cars and Other Fast Vehicles
Challenges:
High Maintenance Cost of Automotive Condenser
Restraints:
High Cost related to Automotive Condenser
Opportunities:
Growing Number of Vehicles with Air Conditioning Systems in Developing Regions
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are DENSO (Japan), Valeo (France), Hanon Systems (South Korea), Calsonic Kansei (Japan), Sanden (Japan), Delphi (United States), Mahle (Germany), T.RAD (United States), Modine (United States), Nanning Baling (China) and Tata (India). Additionally, following companies can also be profiled that are part of our coverage like YINLUN (China), Robert Bosch GmbH (Germany), Standard Motor Products, Inc. (United States), Keihin Corporation (Japan), Calsonic Kansei Corporation (Japan), OSC Automotive Inc. (United States) and KOYORAD Co., Ltd. (Japan). Analyst at AMA Research see Japanese Vendors to retain maximum share of Global Automotive Condenser market by 2028. Considering Market by Components, the sub-segment i.e. Compressor will boost the Automotive Condenser market. Considering Market by Material, the sub-segment i.e. Copper and Brass will boost the Automotive Condenser market.
Latest Market Insights:
On 30 September 2020 the European Commission unconditionally approved BorgWarner’s acquisition of Delphi Technologies. Both BorgWarner and Delphi Technologies are global manufacturers of automotive parts including parts relating to engines (timing, emissions and ignition technology) and power electronics. The parties overlap in the sale of several automotive parts for light vehicles in a number of geographies, both in the OEM/OES channel and the independent aftermarket
On 22 February 2022, Samvardhana Motherson Automotive Systems Group BV (SMRP BV), a Motherson company, and Valeo have signed Partnership a Memorandum of Understanding ("MOU") which aims to create the automotive vehicle interior of the future through the integration of lighting systems with advanced surface finishes., and On 4 March 2020, MARELLI, announced a strategic partnership with US-based, Transphorm Inc., a semiconductor company focused on redefining power conversion. This partnership will enable Marelli to gain valuable access and insights into cutting edge technologies for the development of electric vehicles
What Can be Explored with the Automotive Condenser Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Automotive Condenser Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Automotive Condenser
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Automotive Condenser market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Automotive Condenser market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Automotive Condenser, Suppliers of Automotive Condenser, Wholesalers, Distributors and Retailers of Automotive Condenser, Automotive Industry and Governmental Bodies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.