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Global Automotive AC Compressor Market

Global Automotive AC Compressor Market

Submitted by • March 25, 2019 www.

Global Automotive AC Compressor Market is estimated to reach US$ 32.39 Bn in 2026 in terms of revenue with a CAGR of 2% in the forecasting Period 2018 to 2026.

Global Automotive AC Compressor Market

The automotive AC compressor is a key element of the HVAC system. The rise in automotive production and sales and growing car ownerships all over the world is driving the global automotive AC compressor market. Global warming is a major issue that is affecting the lives of people. Temperature of the environment is increase in by one to two degrees every year. Transportation in such weather conditions is not easy. The maintenance issues, some technical restraints, high prices of luxury vehicles are expected to act as a minor constraint for the rapid growth of global automotive AC compressor market over the forecast period. Need for climate control systems in vehicles, rise in demand for comfort and easy rides, drop in vehicle loan rates, easy accessibility to customized monetary schemes

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