The Global Automotive Air Conditioner Receiver Market size is projected to grow at a CAGR of 3.1% during the forecast period, reaching USD XX.X billion by 2028 from an estimated USD 9.5 billion in 2018. The increasing demand for passenger cars and commercial vehicles is driving the growth of this market throughout the forecast period (2021-2028).
An automotive air conditioner receiver is a component that holds the refrigerant in an automobile’s air conditioning system. An automotive air conditioner receiver is the part of an automobile that stores and regulates refrigerants. It has a compressor and condenser on one side and evaporator coils for cooling things inside the car, such as its cabin or trunk/cargo area on another side.
In the automotive air conditioning industry, the quality of a receiver is one of the most influential parameters in vehicle performance. An inferior product can lead to a drop in cooling efficiency and even higher fuel consumption rates. A strong pressure vessel with high impact resistance will help optimize energy usage by allowing for more efficient heat transfer from gas to the liquid inside the cooling loop.
On the basis of Type, the global automotive air conditioner receiver market is segmented into steel, aluminum, and others.
A steel-type automotive air conditioner receiver is a type of heat exchanger, which transfers thermal energy between two fluids. These are used in an automobile’s air conditioning unit to cool the refrigerant vapor that has been compressed by the compressor. The steel-type automotive air conditioner receivers have better resistance to corrosion and rust when compared with the aluminum type. They are cheaper than the aluminum ones too.
Aluminum-type automotive air conditioner receivers are those that use aluminum as the main material. Aluminum is one of the lightest metals and has high thermal conductivity, making it an excellent choice for receiver manufacturing. Aluminum-type automotive air conditioner receivers have the following features: They are light in weight, which reduces the weight of a vehicle and saves on fuel costs. This is beneficial for both consumers as well as manufacturers since it increases their profits. It has better heat transfer capabilities than steel-type receivers, which means that it provides more cooling to the passenger compartment when running the air conditioner function. Also, aluminum-type receivers can be manufactured easily.
On the basis of Application, the global automotive air conditioner receiver market is segmented into passenger cars and commercial vehicles.
The automotive air conditioner receiver has applications in passenger cars. The steel receivers are used for most commercial vehicles, but aluminum is used more often than any other metal type in the production of car components. Aluminum is lighter than steel, while the strength of aluminum alloy components can be increased by adding controlled quantities of zinc or magnesium to the mix. This allows for more streamlined production and lowers costs when compared with other materials like stainless steel which are also used in air conditioner receivers.
On the basis of Region, the global automotive air conditioner receiver market is segmented into North America, Latin America, Europe Asia Pacific, and Middle East & Africa. The Asia Pacific holds the largest share in the global automotive air conditioner receiver market due to increasing demand from China & India coupled with low penetration rates in this region a few years ago. North America and Europe are forecast to witness moderate growth prospects in the global automotive air conditioner receiver market due to high penetration rates coupled with legislations & emission norms for passenger vehicles.
The Middle East & Africa is expected to be the fastest-growing region in the automotive air conditioner receiver market during the given forecast period, driven by increasing demand from Saudi Arabia. The automotive air conditioner receiver market in Latin America is expected to grow at a CAGR of around 20% during the forecast period. The growing demand for passenger cars and increasing vehicle production are some of the major drivers that will fuel growth in this region over the next six years. Additionally, countries such as Brazil, Argentina, Colombia, and Mexico are expected to contribute significantly towards the growth of this market.
The global automotive air conditioner receiver market is driven by factors such as the growing demand for passenger cars and commercial vehicles in emerging economies, increasing penetration of electric vehicles (EVs) which require a high capacity evaporator design to accommodate batteries in order to increase range capability. Furthermore, the growth factor for the global automotive air conditioner receiver market is that manufacturers are focusing on developing lightweight aluminum receivers. These devices improve fuel efficiency, thus reducing carbon footprint and contribute to environmental sustainability.
Up Market Research published a new report titled “Automotive Air Conditioner Receiver Market research report which is segmented by Types (Steel Receiver, Aluminum Receiver, Others), By Applications (Passenger Cars, Commercial Vehicles), By Players/Companies Fujikoki (Japan), Shibata Gosei (Japan), Natrad (Australia), Denso (Japan), Nissens (Denmark)”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Automotive Air Conditioner Receiver Market Research Report|
|By Type||Steel Receiver, Aluminum Receiver, Others|
|By Application||Passenger Cars, Commercial Vehicles|
|By Companies||Fujikoki (Japan), Shibata Gosei (Japan), Natrad (Australia), Denso (Japan), Nissens (Denmark)|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||235|
|Number of Tables & Figures||165|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Steel Receiver, Aluminum Receiver, Others and By Application Passenger Cars, Commercial Vehicles.
Some of the companies that are profiled in this report are:
Automotive Air Conditioner Receiver Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Automotive Air Conditioner Receiver Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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