Global AC Valves Market– Introduction
- AC valves are one of the most essential parts of vehicle air conditioners to control the cooling performance. These are installed with an evaporator in the air conditioning system.
- AC valves remove pressure from the liquid refrigeration and are mainly used in air conditioners and refrigerators.
- AC valve is a kind of equipment, which is used to reduce or increase the pressure in an air conditioning system. AC valves are normally used in ventilation, heating, or air conditioning systems.
- An AC valve has the ability to control cooling flow by means of a pressure control sensor and temperature control, which are both an outlet of the evaporator.
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Global AC Valves Market–Dynamics
Key Drivers of the AC Valves Market
- Higher demand from consumers for comfort, and increase in automotive production is expected to increase the growth of the AC valves market across the world.
- Rising demand for automobiles and advancement in the technology with growing per capita income are major factors expected to accelerate the AC valves market over the forecast period 2019- 2027.
- Furthermore, the demand for automatic air conditioning (AC) valves in the market is at a growing stage and is expected to rise with the regular progress in the technology, so it can replace the semi-automatic and manually operated AC system with a fully automatic system. This in turn is expected to drive the AC valves market over the years.
- However, the rising regulations concerning safety standards and the environment are likely to raise the complexity of the product. Additionally, increasing number of products serving different vehicle markets and segments based on a single platform is also expected to drive the AC valves market.
- Companies have introduced innovative AC valves with stainless steel power elements, so as to protect it from rust along with enhanced design for extended life of automotive parts. This in turn is projected to boost the AC valves market.
Asia Pacific to Hold Major Share of the Global AC Valves Market during the Forecast Period
- Asia Pacific is expected to hold a significant share of the global AC valves market during the forecast period due to the growing urbanization and increasing population that has led to the increase in industrialization and construction.
- Furthermore, rapid industrialization and the fast growing economy in India and China has had a disastrous impact on the atmosphere due to massive use of automobiles, despite the government of India and China using energy efficient devices and technologies to reduce air pollution. This in turn is expected to drive the demand for AC valves over the next few years.
- The AC valves market in South America is estimated to expand at a significant growth rate owing to the rise in automobile production in the region. Additionally, one of the important factors driving the AC valves market in the region is important investments by governments and manufacturers in South America, which in turn is enhancing vehicle production. Rapid economic development in Brazil and Argentina with respect to rising demand for convenience and comfort in automobiles are projected to drive the demand for AC valves in the region.
Global AC Valves Market–Competition Landscape
Key Players Operating in the Global Market
The global AC valves market is highly concentrated with top manufacturers accounting for approximately 25%–30% of the market share. A few of the key players operating in the global AC valves market are listed below:
- SANHUA Automotive
- Valeo SA
- Denso Corporation
- Hanon Systems
- Mahle GmbH
- Keihin Corporation
- Valeo SA
- Eberspacher Group
- Mitsubishi Heavy Industries
- Subros Limited
- Sanden Holdings Corporation
- Calsonic Kansei Corporation
- Carrier Corporation
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Global AC Valves Market–Research Scope
The global AC valves market can be segmented based on:
- Product type
- Distribution channel
Global AC Valves Market, by Types of Automotive
Based on types of automotive, the global AC valves market can be divided into:
- Passenger Cars
- Light Commercial vehicles
- Mini Vans
- Buses and Coaches
- Heavy trucks
- Passenger Cars
Global AC Valves Market, by Material
On the basis of material, the global AC valves market can be segmented into:
- Others (Brass, Bronze, Plastic)
Global AC Valves Market, by Product Type
Based on product type, the global AC valves market can be classified into:
- C Type Thermostatic AC valve (TXM Valve)
- G Type Thermostatic AC valve (TXV Valve)
- V Type Thermostatic AC valve (TMX Valve)
Global AC Valves Market, by Distribution Channel
Based on distribution channel, the global AC valves market can be segregated into:
- Direct sale (OEM)
- Indirect sales
Global AC Valves Market, by Application
Based on application, the global AC valves market can be segregated into:
Global AC Valves Market, by Industry
On the basis of industry, the global AC valves market can be categorized into:
- Petroleum Industry
- Chemical Industry
- Pharmaceutical Industry
- Food & Beverages
- Oil and Gas
- Manufacturing Plants
- Energy & Power
- Water and Wastewater Treatment
- Metals & Mining
- Others (Textiles, Glass, and Semiconductor Manufacturing)
Global AC Valves Market, by Region
Based on region, the global AC valves market can be categorized into:
- North America
- Rest of North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- South America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
The report incorporates in-depth assessment of product development, financial analysis, product market sizing, competition landscape, product benchmarking, market trends, and strategic analysis to estimate the potential opportunities for and impact forces of the global AC valves market. The report also includes a study and qualitative and quantitative research of major developments in the market such as mergers and acquisitions, product launches, agreements, and collaborations to recognize the prevailing market dynamics and their estimated impact during the forecast period.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.