Automotive AC Filter Market Technological Advancements, Growth Opportunity and Forecast 2018-2026


Automotive AC filter is responsible for reducing impurities and pollutants entering into the engine through air condition system, air circulation, and heating. This is an important part of a vehicle that helps to protect passengers against harmful bacteria, dust, and smog. This in turn reduce dust accumulation in vehicles and enhances the performance of engines.

Download PDF To explore detail study @ https://www.coherentmarketinsights.com/insight/request-pdf/1669

Market Driver:
Various economies are imposing stringent norms related to emission of CO2, which is also accelerating automotive AC filter adoption worldwide. For instance, California legislature passed a bill establishing the most extensive carbon dioxide (CO2) emission controls. The law requires a 25% reduction in state CO2 emissions by 2020, with the first major cut taking effect in 2012. Also, presence of various environment regulatory bodies such as Environmental Protection Agency (EPA), offers legal authority to monitor and regulate greenhouse gas emissions.

Moreover, rapid urbanization and industrialization in various emerging economies such as India and China is one of the key drivers for growth of the market. Increase in GDP is supporting growing urbanization. For instance, according to the World Bank Group, GDP per capita has increased globally from US$ 9509.4 in 2010 to US$ 10,150.8 in 2016. This is an indicator of increased standard of living, which has significantly impacted affordability and expenditure on luxury vehicles.

The export value of vehicles from China increased massively, with majority of cars developed in China being sold to Iran, Algeria, Russia, Egypt, and other emerging economies. For instance, according to Organization Internationale des Constructeurs d'Automobiles (OICA), in 2017, sales of 96,804,390 unit vehicles were recorded globally, which was an increase from 93,905,634 units in 2016. These are key factors influencing the adoption of automotive AC filters globally.

North America Automotive AC Filter Market is expected to grow at highest CAGR
The market for North America is expected to grow at highest CAGR over the forecast period from 2018 to 2025. This growth is attributed to stringent government regulation regarding emission control, which is major factor driving the regional market growth. For instance, Corporate Average Fuel Economy (CAFÉ) Standards in the U.S. is propagating adoption of energy efficient automotive by formulating regulations for reduction of greenhouse gas emissions and promoting development of innovative technologies to increase their reliance on renewable and conservation of energy sources. This in turn creates a highly conducive environment for growth of the global automotive AC filter market.

Moreover, another key factor propelling regional market growth is increasing passenger car sales. The U.S. accounted for largest share in North America passenger car sales in 2017. According to Organization Internationale des Constructeurs d'Automobiles (OICA), in 2017, around 11,302,188 units of passenger cars were sold, among which in the U.S. around 6,096,111 units of passenger cars were sold. Hence, increasing adoption of passenger cars in country is propelling demand for AC filters to meet regulatory demand from the U.S. government.

Browse More About the Market Study @ https://www.coherentmarketinsights.com/market-insight/automotive-ac-filter-market-1669

The market for AC filter in Europe is expected to grow at significant rate over the forecast period from 2018 to 2025. This growth is attributed to growing government concern for the reduction of CO2 emission. For instance, the European Union has set its own emissions standards. EU Regulation No 443/2009 sets an average CO2 emissions target for new passenger cars of 130 grams/kilometer. A target of 95 grams/kilometer will be applicable from 2021.

Germany is the leading country fueling regional automotive market growth, which is further accelerating automotive AC filter market growth. Germany accounted for largest share in passenger car sales in Europe in 2017. Increasing passenger car sales has propelled the demand for start-stop batteries due to increasing inclination towards pollution free vehicles. According to OICA, in 2017, around 3,442,100 units of passenger cars were sold in Germany up from 3,351,607 in 2016. These factors are propelling regional automotive AC filter market growth.

Request for Customization @ https://www.coherentmarketinsights.com/insight/request-customization/1669

Key companies
Major players operating in the global automotive AC filter market include Mann+Hummel GmbH, Sofegi SpA, Donaldson Company, Inc., Robert Bosch GmbH, Denso Corporation, Ahlstrom Corporation, MAHLE GmbH, Freudenberg & Co. KG, Hengst SE & Co. KG, ALCO Filters Ltd., K&N Engineering, Inc., EuroGIELLE s.r.l., ACDelco, and Airmatic Filterbau GmbH.


Comments

Post a Comment

Popular posts from this blog

Motor Vehicle Sensor Market - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

  Market Overview Motor vehicle sensor control and monitor the chemical, physical, and process changes of automobiles. Sensors are used to reduce fuel consumption as well as onboard the weight of vehicles and also comply with government norms for passengers’ safety. With the advent of technology, automobiles are now equipped with a diverse range of sensors providing information about safety, comfort, and other convenience and comfort functions. The demand for sensors is dependent on a number of factors, ranging from technological advances to foreign trade to micro- and macro-economic variables that seek to improve the system functionality. The global motor vehicle sensor market is estimated to account for  US$ 75,447.5 Mn  in terms of value by the end of  2027 . Browse Complete Report @ https://www.coherentmarketinsights.com/market-insight/motor-vehicle-sensor-market-4129 Market Dynamics- Drivers Increasing need for legal and regulatory com...
Read more

Thermal Imaging Market - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

  Market Overview Thermal imaging technology is a method of enhancing the object’s visibility in a totally dark environment by detection of infrared radiation emitted by an object and interpreting these radiations to create a visible pattern (image). This technology captures the upper layer of the infrared light spectrum. It best works in a dark environment without any ambient light and can see through fog, smoke, haze, and is capable of catching moving objects in real-time. There are two types of thermal imaging devices namely un-cooled devices and cryogenically cooled devices. The global Thermal Imaging Market was accounted for  US$ 1,978.7 Mn  in terms of value in 2019 and is expected to grow at  CAGR of 9.7%  for the period  2020-2027 . Browse complete Report @ https://www.coherentmarketinsights.com/market-insight/thermal-imaging-market-4090 Market Dynamics- Drivers Increased investment in armed forces modernization is expec...
Read more

Embedded Temperature Sensor Market - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

  The temperature sensor is an electronic device that measures the temperature of person, environment or an object. The temperature sensor is used to state the degree or intensity of heat present in a substance. These sensors will convert input data to electronic data to record, monitor, and then display in a human readable format. There are mainly two types of sensors i.e. contact and non-contact temperature sensors. Non-contact temperature sensors are basically infrared (IR) sensors. Temperature sensor provides benefits such as durability, accuracy, and low power consumption. These sensors are used in various industries to detect overheating and give alert to end users. The temperature sensor finds its application in various sectors such as consumer electronics, semiconductor, chemical, manufacturing, and others. Browse complete Report @ https://www.coherentmarketinsights.com/market-insight/embedded-temperature-sensor-market-4015 The global embedded temperature se...
Read more