the global Scroll Compressor for Car Air Conditioner market size is projected to reach USD 2.37 billion by 2029

Scroll Compressor for Car Air Conditioner Market Summary

According to the new market research report “Global Scroll Compressor for Car Air Conditioner Market Report 2023-2029”, published by GlobalInfoResearch, the global Scroll Compressor for Car Air Conditioner market size is projected to reach USD 2.37 billion by 2029, at a CAGR of 4.5% during the forecast period.

• Global Scroll Compressor for Car Air Conditioner MarketSize(US$ Million), 2018-2029

Source: GlobalInfoResearch, “Global Scroll Compressor for Car Air Conditioner Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029”.

Market Drivers:

From the current development trend, the global electric vehicle market will still show a strong growth trend in 2021. Traditional car companies and new forces in car manufacturing are constantly improving their product and industry chain layout, and consumers' acceptance of new energy products is also increasing.

In the field of automotive air conditioning, vortex compressors are known as the third generation compressors and are gradually replacing traditional swashplate and rotary compressors with their unique performance advantages, especially in the field of new energy vehicles.

Due to the tightening of global environmental standards and increasing consumer demand, many countries have introduced industry support policies to support the research and development of electric vehicle technology, further promoting the entire electric vehicle industry chain and ecological construction.

Restraint:

Under fierce market competition, small startups face enormous operational pressure, and with the increase of market participants, price wars become increasingly fierce.

The global economy is facing significant downward pressure, with the slowdown in economic growth in major economies, high inflation, and multiple rounds of interest rate hikes by the Federal Reserve weakening the willingness of enterprises to invest. Trade friction intensifies, geopolitical conflicts continue.

Global geopolitical conflicts continue, trade frictions intensify, regional economic uncertainty intensifies, and exchange rate fluctuations are significant, increasing business risks for enterprises.

Opportunity:

The gap between China's automotive air conditioning electric compressors and products produced by international manufacturers in research and development, design, and quality is gradually decreasing, but international manufacturers still have certain advantages in brand and industry influence. International manufacturers utilize their advantages in core technology, products, global layout, and other aspects to quickly occupy the product market, leading domestic related enterprises. This has had a great impact on the market of domestic enterprises and greatly restricted their development. Domestic manufacturers face great challenges in expanding the market.

At present, the concentration of the automotive air conditioning electric compressor industry in China is relatively low, with a large number of enterprises. Compared with similar foreign products, the products have certain disadvantages, and research and development capabilities are relatively lacking. At the same time, the scale of enterprises is also relatively small

Compared with foreign giants, there is a significant gap, making it difficult to form economies of scale and strong competitiveness. Companies often can only obtain orders through price competition, resulting in low profit margins.

Although with the transformation of China's industry and the expansion of the middle class, high-quality products will become increasingly popular. However, China is facing increasing external pressure, and China US relations are approaching a new Cold War, although this is something that no one wants to see. Once China's external environment and trade conditions continue to deteriorate, its economic development will be greatly constrained. The US government believes that China will be the biggest challenge for the US in the future, but the political confrontation between China and the US is not conducive to the development of the commercial market.

• Global Scroll Compressor for Car Air Conditioner Top19Players Ranking and Market Share（Continually updated）

Source: GlobalInfoResearch, “Global Scroll Compressor for Car Air Conditioner Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029”.

"According to GlobalInfoResearch Top Players Research Center, the global key manufacturers of Scroll Compressor for Car Air Conditioner include DENSO, Hanon Systems, Sanden, Aotecar, Shanghai Highly, Shanghai Velle, Shanghai Everland, VAQOUNG, Sichuan TianQuan, Shanghai Guangyu, etc. In 2022, the global top five players had a share approximately 84.0% in terms of revenue."

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