A automotive condenser is a type of radiator that is used in cars to cool the air-conditioning system. It is located in front of the radiator, and is responsible for cooling the air-conditioning system’s refrigerant. The condenser works by releasing heat from the refrigerant and converting it into a liquid form. The liquid refrigerant is then sent to the evaporator, where it is converted back into a gas form and circulated throughout the car’s interior.
The global automotive air-conditioning condenser market is expected to grow at a CAGR of around 5.5% during the forecast period 2021-2026. The growth of this market is driven by the increasing demand for comfort and convenience in vehicles, increasing vehicle production, and rising purchasing power of consumers. In addition, the growth of the automotive industry in emerging countries such as India and China is also expected to fuel the growth of the market over the forecast period.
The automotive condenser market is segmented on the basis of vehicle type, product type, application, and region. On the basis of vehicle type, the market is divided into passenger vehicles and commercial vehicles. The passenger vehicle segment is expected to dominate the market throughout the forecast period due to the increasing sales of passenger vehicles. On the basis of product type, the market is divided into single-row condenser and double-row condenser. The single-row condenser segment is expected to hold the largest share of the market due to its low cost and ease of installation.
The key players in the automotive condenser market include among others Denso Corporation, Hanon Systems, MAHLE GmbH, Sanden Corporation, Valeo, Calsonic Kansei Corporation, Delphi Technologies, Delphi Automotive LLP, and Johnson Electric.
The global Automotive Condenser market was valued at US$ 5453.6 million in 2022 and is anticipated to reach US$ 5893.1 million by 2029, witnessing a CAGR of 1.1% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Automotive Condenser Market available at: https://www.themarketreports.com/report/global-automotive-condenser-market-research-report
This report aims to provide a comprehensive presentation of the global market for Automotive Condenser, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automotive Condenser.
The top five global manufacturers of automotive condensers are Denso, Hanon System, Valeo, Mahle-Behr and Calsonic Kansei, with a combined market share of 49%. China is the largest consumption place, with a consumption market share nearly 25%. Following China, Europe is the second largest consumption place with the consumption market share of 19%.
Ask for more details or sample of this report at: https://www.themarketreports.com/report/ask-your-query/1410836
Release by:
Shirish Gupta
Marketing Manager
The Market Reports
Call: +1-631-407-1315 / +91-750-729-1479
Email: sales@themarketreports.com