PUBLISHER: Market Research Future | PRODUCT CODE: 1460103
PUBLISHER: Market Research Future | PRODUCT CODE: 1460103
bMarket overview
The Europe Automotive OEM Air Conditioning (AC) Systems market was valued at USD 4,439.8 million in 2022 and is expected to reach USD 6,130.6 million by 2032, with a CAGR rate of 3.4 % during 2023-2032.
The European market for Automotive OEM Air Conditioning Systems is critical in the automotive industry's pursuit of efficient and environmentally friendly solutions. European Original Equipment Manufacturers (OEMs) are designing, manufacturing, and integrating modern air conditioning systems into automobiles to meet the increased demand for comfort, sustainability, and energy efficiency. In response to rigorous environmental requirements, there has been a major emphasis in recent years on ecologically friendly refrigerants and energy-efficient technologies. To comply with regulatory norms such as the EU's F-Gas Regulation, European OEMs are aggressively embracing novel refrigerants with lower global warming potentials (GWPs). This adjustment underscores the industry's commitment to decreasing its influence on climate change and harmonizing with global sustainability goals. Furthermore, smart, and linked technologies in air conditioning systems are gaining popularity. Integration with vehicle communication systems enables more accurate control, optimizing energy use and increasing overall economy. Furthermore, air quality issues have grown in importance, with OEMs working on advanced filtration and purification technology to improve interior air quality. As the automotive industry transitions to electric and hybrid vehicles, OEMs are customizing air conditioning systems to fit the unique requirements of these alternative powertrains, assuring optimal performance while minimizing energy consumption.
By type the Automotive OEM Air Conditioning (AC) Systems market has been segmented into Manual and Automatic.
Based on components, the Automotive OEM Air Conditioning (AC) Systems market has been divided into Compressor, Evaporator, Condenser, Receiver/Dryer, Orifice Tube,
By vehicle type the market has been segmented into Passenger Car and Commercial Vehicle.
The major vendors profiled in the study are Highly Marelli, MAHLE GmbH, Valeo SA, Denso Corporation, Sanden Corporation, ESTRA Automotive Europe, Hanon Systems, Mitsubishi Heavy Industries Ltd., Toyoto Industries Corporation, Air International Thermal Systems, HAUGG Group and Others.