Pune, India, March 2021, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global Automotive E Compressor Market.
Global Automotive E Compressor Market size is anticipated to register a significant CAGR of 30% between 2020 and 2026. Automotive E-compressors or electric compressors are widely used in vehicles to support the operation of the HVAC system for passenger comfort. E-compressors are powered by a separate electric motor that reduces the workload of the engine and subsequently, vehicle emissions. Low oil carryover of the e-compressor provides cleaner air in the cabin and facilitates fast and simple installation, independent from the vehicle’s engine.
Transportation is a leading cause for rise in levels of pollution worldwide. Tailpipe emissions such as carbon dioxide, nitrogen oxides, hydrocarbons, carbon monoxide, and sulfur dioxide cause respiratory illnesses, heart conditions, and mental illness, which results in increased healthcare burden. The European Environment Agency stated in a report of 2018 that emissions from vehicles have worsened air quality levels across Europe, resulting in more than USD 80 billion of healthcare costs. The traditional belt-driven compressor increases the workload of the engine, which, in turn, reduces the performance and efficiency of the vehicle, thus resulting in higher emissions. These concerns prompted people and automobile manufacturers to adopt fuel efficient and environmental solutions. Thus, an increase in the demand for fuel-efficient and environment-friendly solutions is propelling the global automotive e-compressor market.
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The independent operation of automotive e-compressors is boosting sales of electric vehicles. Manufacturers are developing systems that create less noise whilst retaining the same cooling capacity. The growing awareness about the right selection of oil is crucial, as this oil protects the electric motor, which is connected to the automotive e-compressor.
Global Automotive E Compressor Market, 2020–2026
In 2019, Asia-Pacific Contributed Significantly to the Automotive E Compressor Market in Terms of Share: MRFR
Based on region, the global Automotive E Compressor market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. Asia Pacific and Europe are projected to be highly lucrative regions of the global automotive e-compressor market during the forecast period. This is primarily due to the presence of prominent automotive industry in China, Germany, Japan, and India. Rise in demand for electric vehicles across Asia Pacific is likely to boost the automotive e-compressor market in the region. However, Europe has presence of major OEMs and tier-1 suppliers who have advanced research and development facilities, which, in turn, is anticipated to boost the automotive e-compressor market across Europe.
The global Automotive E Compressor market has been segmented by Product, Drivetrain, Vehicle Type, and region. Based on Product, the global Automotive E Compressor market can be bifurcated into Scroll, Screw, Swash, Wobble, and Others. The Scroll segment is anticipated to grow at a significant CAGR in the coming years. By Drivetrain, the Automotive E Compressor market has been split into BEV, HEV, and PHEV. The BEV segment held a sizeable share and is anticipated to grow at a significant CAGR in the coming years. By Vehicle Type, the Automotive E Compressor market has been split into passenger cars, LCV, and HCV. The passenger cars segment held a sizeable share and is anticipated to grow at a significant CAGR in the coming years.
Global Automotive E Compressor Market size is anticipated to register a significant CAGR of 30% between 2020 and 2026.
Scope of the Report
This report provides an in-depth analysis of the global Automotive E Compressor market, tracking three market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights the market size and shares for North America, Europe, Asia-Pacific, and the rest of the world. The report also presents a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global Automotive E Compressor market by Product, Drivetrain, Vehicle Type, and region.
Key Players in the Global Automotive E Compressor Market are Denso Corporation, Hanon Systems, MAHLE GmbH, Mitsubishi Heavy Industries, Ltd., Robert Bosch GmbH, Sanden Corporation, SCHOTT AG, Toyota Industries Corporation, Valeo S.A., and WABCO.