What is the projected growth rate of the Europe, North America, and Asia-Pacific automotive liquid condenser market?
The market is expected to grow at a high CAGR during the forecast period (2023-2030), driven by factors like rising pollution, government initiatives, and increasing demand for electric vehicles.
Who are the key players in Europe, North America and Asia-Pacific Automotive Liquid Condenser Market?
Key players are Robert Bosch GmbH, Delphi Automotive PLC, Denso Corporation, Subros Ltd., MAHLE GmbH § Valeo SA, Others.
Which vehicle segment is driving the growth of the automotive liquid condenser market in Europe and North America?
Despite a decline in overall luxury car sales, the Battery Electric Vehicle (BEV) segment is experiencing significant growth due to its focus on convenient mobility and low emissions.
What are the key factors contributing to the growth of the BEV market in Asia-Pacific?
The presence of established OEMs like Toyota and Hyundai, along with government incentives for green cars and regulations on emissions, are fueling the BEV market in the region.