Introduction: Automotive Receiver Dryer Market
Post to invention of automotive for human transportation, the rely on automotive by human is of enormous scale. Long distances were covered by human with automotive and even for transportation of various perishable goods started to begin with this automotive. With increase in use of automotive in various purposes triggered the need of various other auxiliary equipment in automotive to make it more comfortable and purposeful.
Necessity is the mother of invention the very proverb proved to be true in this case and the necessity was of a system which can regulate the interior temperature of the automotive so that the journey in automotive and transportation of goods can become more convenient, and thus invention of automotive A.C. was done and so was the automotive receiver dryer. Now, the automotive receiver dryer is a component of the AC system that works together in loop with all of the other components of automotive ac system to produce cold air.
This automotive receiver dryer serves the purpose of a temporary storage container for the refrigerant, as well as a filter that helps in removing debris and moisture from the system. Automotive receiver dryer is filled with desiccant – a moisture absorbing material.
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Market Dynamics and Restraints
Automotive since its inception has been growing with increase in demand. Buses, cars, HMV etc. demand is growing at an enormous proportion. From operating business to day to day life travelling. We human rely on automotive more than on any other alternative which is next to nothing. Across globe various automotive brands are entering into gruesome war to position their product as the best.
Consumers now look for such brands which can fulfill their needs with least of maintenance cost and best of facility offering. Economic condition across globe has revived and availability of various financial institutions enables consumers with financial assistance to buy automotive will be helping in sales of automotive.
Growth in business such as door delivery service by various eateries and restaurants is triggering the growth of such automotive which has pre-install temperature control system. Tourism sector across globe has been increasing with rise in spending by individual on traveling such industry will also bring in demand for air conditioned vehicles for comfortable and convenient ride of travelers and tourists.
Market Segmentation
Based on the vehicles
- Passenger Cars
- LMV
- HMV
Based on its applications
- Logistics
- Industrial
- Passenger
Regional Outlook
Regarding geography, the global automotive receiver drier market has been categorized into seven key regions including North and Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Japan, and the Middle East & Africa. The automotive receiver drier market is globally expected to register healthy CAGR during the forecast period.
Regarding value and volume, North America is the largest market in the automotive receiver driers to rule this market in upcoming years; this is because of the countries including U.S and Canada are attaining rise in the usage of automotive receiver drier due to increase in number of automotive running on roads.
Next to North America, APEJ excluding Japan is the other leading region which is showing tremendous growth in the market of automotive receiver drier this is because of the reason alike of North America as well as due to other factors such as increase in purchasing power of individuals, establishments of automotive industry in APEJ due to available of resources at a low price.
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Key players
- Hoil Precision Co., Ltd.
- DENSO
- OMEGA Environmental Technologies
- JC Whitney
- METRIX
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