Automotive AC Compressor Market in Europe Future Challenges and Industry Growth Outlook by 2020-2026 - PowerPoint PPT Presentation

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Automotive AC Compressor Market in Europe Future Challenges and Industry Growth Outlook by 2020-2026

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Europe Automotive AC Compressor Market Size is to witness steady growth by 2026. The rising sales of electric vehicles in Europe will drive the regional automotive AC compressor market growth in future. Stringent government regulations regarding CO2 emissions will increase the penetration of electric vehicles in the market. The European Union sets targets, allowing 95 grams per km of CO2 emissions for passenger cars. Additionally, it specified that 95% of the total fleet must meet these guidelines in 2020 and 100% by 2021. In 2019, Europe invested approximately USD 71 billion to produce electric vehicles and batteries. Moreover, the government is investing heavily to develop charging infrastructures. Environment-conscious consumers are willing to pay high prices for electric vehicles. – PowerPoint PPT presentation

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