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Report overview
The global Automotive Condenser market was valued at 523.55 Million USD in 2021 and will grow with a CAGR of 1.04% from 2021 to 2027.
The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Automotive Condenser is the other heat exchanger in a mobile A/C system. Nowadays, condensers are usually made of aluminum, but in the past, some were made of copper/brass. Condensers look very much like radiators, just a little thinner, and since they also depend on air flowing through them, are usually located in front of the radiator.At present, in United States, Japan and Europe, the automotive condenser industry is at a more advanced level, the world`s most advanced enterprises are mainly concentrated in these regions. These foreign companies have more advanced equipment, strong R & D capability, the technical level is in a leading position. But foreign companies` manufacturing cost is relatively high, compared with Chinese companies, the manufacturing cost is a competitive disadvantage, as the Chinese automotive condenser manufacturers` technology continues to improve, their share in the international market is increasing, competitiveness in the international market will gradually increase. Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic to the automotive condenser industry the future will still have more new investments enter the field. Along with the development of Chinese domestic equipment, Chinese domestic equipment has been very mature and advanced, and the performance distance has been shortened compared with the imported equipment.
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Key Indicators Analysed
Key Reasons to Purchase