Global Automotive Air-Conditioning CO2 Compressors Market Research Report 2023

Automotive Air-Conditioning CO2 Compressors Market

Automotive Air-Conditioning CO2 Compressors market is projected to reach US$ million in 2029, increasing from US$ million in 2022, with the CAGR of % during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Automotive Air-Conditioning CO2 Compressors market research.

 

Key manufacturers engaged in the Automotive Air-Conditioning CO2 Compressors industry include DENSO, SANDEN, Hanon Systems, Danfoss, Bitzer, Dorin, Midea and Shanghai Everland Amperex Technology, etc. Among those manufacturers, the top 3 players guaranteed % supply worldwide in 2022.

For production bases, global Automotive Air-Conditioning CO2 Compressors production is dominated by and . The two regions contributed to % production share globally in 2022.

Automotive Air-Conditioning CO2 Compressors Market Trends

The market for CO2 compressors used in car air conditioning is expanding due in large part to regulatory demands and environmental concerns about the usage of conventional refrigerants. In car air conditioning systems, CO2 (R-744) is becoming a popular refrigerant because of its significantly lower global warming potential (GWP) as compared to typical refrigerants like R-134a and R-1234yf. Stricter environmental laws around the world, such as the Mobile Air Conditioning Directive of the European Union, which requires new cars to use reduced greenhouse gas emissions from their refrigerants, are speeding up this transition. CO2 compressor use is expected to increase as countries and regions place a greater emphasis on lowering their carbon footprints. This trend is consistent with the automotive industry's shift to more ecologically friendly and sustainable technologies.

The development of technology in CO2 compressor design and manufacture is also a major factor in the market expansion of these devices. Contemporary CO2 compressors are engineered to be more dependable and efficient, and they can function at higher pressures than those needed by CO2 systems. By improving air conditioning systems' overall performance, this technical advancement appeals to both car manufacturers and consumers. The market for automotive air-conditioning CO2 compressors is further supported by the rising demand for electric vehicles (EVs), which depend on effective thermal management systems for both passenger comfort and optimal battery performance. In keeping with the broader objectives of energy efficiency and reduced impact, the automobile industry is integrating sophisticated CO2 compressors as part of its ongoing innovation and drive towards electric mobility.

Automotive Air-Conditioning CO2 Compressors Market Share

Due in large part to its early adoption of tighter emissions standards and stronger environmental restrictions, Europe today leads the world market for CO2 compressors used in automobile air conditioning. When it comes to enacting laws aimed at decreasing greenhouse gas emissions, the European Union has taken the initiative and set tough goals, such as lowering the global warming potential of refrigerants used in car air conditioning systems. The installation of CO2-based devices in new European cars has been accelerated by these regulations. The market in this region is further driven by the high level of consumer awareness and demand for environmentally friendly technology in nations like Germany, France, and the Nordic region.

Scope of Automotive Air-Conditioning CO2 Compressors Market Report