Automotive Air Conditioning Market annual growth rate is 8.9 percent between 2017 to 2022

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Asia Pacific, particularly India, China, Japan and South Korea, is expected to remain the largest market due to the government’s advanced technology initiatives in the automotive sector.

The market for automotive air-conditioning systems is expected to grow rapidly due to the increased demand for vehicles from developing countries. The refrigerant system is responsible for providing the cooling effect inside the vehicle. The growth in the automotive industry, rise in disposable income of the people, technological advances in the product manufacturing, the increasing demand from consumers and others are the main factors supporting the global market.

Automotive Air Conditioning Market Size and Growth Rate:

The automotive air conditioning market is expected to reach $ 22.8 billion in 2022, with a CAGR of 8.9% over the forecast period.

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Automotive Air Conditioning Market Growth Drivers and Restraints:

However, the global market for automotive air-conditioning systems also increases the risk of certain health problems, such as dry skin and worsening respiratory problems. In the same way, the car air conditioning system consumes more fuel for its operation.

Geographical Overview of Automotive Air Conditioning Market:

Asia Pacific, particularly India, China, Japan and South Korea, is expected to remain the largest market due to the government’s advanced technology initiatives in the automotive sector.

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Key Players of Automotive Air Conditioning Market:

Some of the leading market players of Automotive Air Conditioning Market are Keihin, Mitsubishi, Denso, Subros, Mahle Behr, Valeo, Sanden, Hanon System, Calsonic Kansei and others.

Automotive Air Conditioning Market Segmentation:

By Types:

  • Automatic
  • Semi-Automatic
  • Manual

 

By Applications:

  • Passenger Car
  • Commercial Vehicle

 

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

 

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