Europe Automotive Air Conditioning & Refrigeration Market was valued at USD 20 Billion in 2022 and is projected to reach USD 30 Billion by 2030, growing at a CAGR of 6.4% from 2024 to 2030.
The European automotive air conditioning and refrigeration market has witnessed significant growth in recent years, driven by an increasing demand for advanced cooling solutions in vehicles and a rising emphasis on energy efficiency. This market is primarily fueled by the rapid expansion of electric vehicles (EVs) and the continuous improvement of air conditioning systems in internal combustion engine (ICE) vehicles. The automotive air conditioning industry has become a crucial component for providing comfort to passengers, enhancing the driving experience, and improving overall vehicle performance.
The market can be categorized into various segments based on product types, such as compressor systems, evaporators, condensers, and refrigerants. Refrigerants, specifically, are undergoing major transformations with the shift from hydrofluorocarbons (HFCs) to more environmentally friendly alternatives, such as hydrofluoroolefins (HFOs) and carbon dioxide (CO2). These changes align with the European Union's regulatory framework aimed at reducing global warming potential (GWP) emissions from automotive air conditioning systems. Such innovations are crucial in meeting the stringent emission standards set by the European Union and addressing the growing concerns over climate change.
Additionally, the demand for eco-friendly and energy-efficient air conditioning systems is largely driven by the automotive industry's increasing focus on sustainability. This shift is evident in the adoption of renewable refrigerants and the integration of smart climate control systems that adapt to the needs of passengers, thereby reducing energy consumption. Industries in the European market are also aligning with these eco-conscious trends, driving manufacturers to develop next-gen refrigeration solutions for vehicles.
As the European automotive air conditioning and refrigeration market continues to evolve, there is a clear requirement for high-performance components that meet the energy efficiency and environmental standards. This market is expected to experience steady growth, driven by continued advancements in refrigerant technology, growing consumer awareness about sustainability, and the rise of electric vehicles. The automotive air conditioning and refrigeration systems of tomorrow will be smarter, more energy-efficient, and environmentally sustainable.
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Denso
Mahle
Hanon Systems
Keihin
Valeo
Calsonic Kansei
Mitsubishi Heavy Industries
Sanden
Subros
Eberspacher
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Automotive Air Conditioning & Refrigeration Market
Automotive Air Conditioning
Automotive Refrigeration
Compressor
Condenser
Evaporator
Expansion Valve
Refrigerants
Manual Air Conditioning Systems
Automatic Air Conditioning Systems
Hybrid Air Conditioning Systems
OEM (Original Equipment Manufacturer)
Aftermarket
R-134A
R-1234YF
CO2 (R-744)
R-22
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Europe Automotive Air Conditioning & Refrigeration Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Automotive Air Conditioning & Refrigeration Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Automotive Air Conditioning & Refrigeration Market, By Type
6. Europe Automotive Air Conditioning & Refrigeration Market, By Application
7. Europe Automotive Air Conditioning & Refrigeration Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Automotive Air Conditioning & Refrigeration Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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