The Automotive E Compressor Market Size was valued at USD 1.6 Billion in 2021. The Automotive E Compressor market industry is projected to grow from USD 3.4 Billion in 2022 to USD 36.2 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 34.12% during the forecast period (2022 - 2030). Electric compressors or automotive E-compressors are extensively preferred among the vehicle industries. These industries are using these automotive E-compressors in vehicles to assist the HVAC system operation for the comfort zone of passengers. The E-compressors are very useful for reducing the vehicle emissions and workload of the engine because a separate electric motor charge it. Another important feature of the E-compressor is that it has low carryover oil, which is helpful for the vehicle's engine to clean air in the cabin. Also, it provides a simple installation process and facilitates a fast engine.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The Automotive E Compressor Market is driving growth due to the increasing demand for e-compressors to achieve fuel efficiency by several automotive manufacturers, favorable government policies promoting the electric vehicle, and technological developments in the vehicle. According to the European Environment Agency report (2018), the air quality levels are worsening due to emissions from vehicles in Europe, which results in higher healthcare costs that can be more than USD 80 billion. This report has mentioned that the traditional belt-driven compressor reduces the efficiency and performance of the vehicle and increases the engine's workload, which results in increased emissions. Hence, it increased environmental concern among the people, and according to manufacturers, it has adopted environmental solutions and fuel-efficient solutions. These kinds of initiatives are thriving the Market Growth of Automotive E Compressor for the forecast period.
Additionally, The Automotive E Compressor Market has lucrative opportunities due to the increasing investments in the research and development of e-compressors. Moreover, the innovation of new product launches brings opportunities for the manufacturers and key players in the Market.
The Automotive E Compressor market segmentation, based on Product, includes Scroll, Screw, Swash, Wobble, and Others. The scroll segment is expected to have the largest share in the automotive e-compressor market during the forecast period of 2022-2030. Automobile manufacturers are focusing on providing low-cost scroll e-compressors. The rising demand for goods with improved acoustics and cooling capacity is driving the growth of this segment. The swash segment is expected to grow the fastest during 2022-2030. Its pistons help the internal palate to rotate and its ends help pressurize and discharge refrigerant. Because of the technical advancements of swash over scrolls, the segment of swash is ought to be growing the fastest.
Based on Drivetrain, the Automotive E Compressor market segmentation includes BEV, HEV, and PHEV. The BEV segment is expected to have the largest share in the automotive e-compressor market during the forecast period of 2022-2030. EVs differ from most other automobiles as they have no internal combustion engines. They run entirely on battery power rather than fuel and customers can charge them at their leisure. Rising fuel consumption, increasing gas prices, and increasing awareness regarding environmental impact are some of the factors supporting the adoption of BEVs.
Based on Vehicle Type, the Automotive E Compressor market segmentation includes Passenger Cars, LCVs, and HCV. passenger car is expected to have the largest share in the automotive e-compressor market during the forecast period. Rising disposable income in developing countries, increasing number of passenger car bookings, and increasing professional and leisure bookings are some of the factors driving the growth of this segment. Light Commercial Vehicle (LCV) is analyzed to be the fastest growing in the automotive e-compressor market. Increasing demand for LCVs across the globe, and increasing product launch strategies are the major factors driving the growth of this segment.
Figure 2: Automotive E Compressor Market, by Drivetrain, 2021 & 2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. Europe has traditionally been a significant producer of cars and vehicles. The presence of top automobile manufacturers, rising expenditure in research and development activities, and increasing demand for e-vehicles are driving the growth of this segment. Germany is expected to have the largest share in the automotive e-compressor market during the forecast period. The HEV sector in Germany is rapidly rising and hence there is an increase in public-private investment strategies. Â
Figure 3: Automotive E-Compressor Market Share By Region 2021 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Asia-Pacific and North America both are expected to be the fastest during the forecast period. This is attributed to the increasing demand for e-cars, two-wheelers, and heavy vehicles. The majority of automotive e-compressor providers are expecting to expand in energy-efficient EVs in this region. Strong supply chain management in Asia-Pacific will help the market grow rapidly. The markets in China, India, South Korea, and Japan have become significant production centers due to strong R&D potential and efficient capacity to manufacture automotive e-compressors and electric motors.
Major market players are spending a lot of money on R&D to increase their product lines, which will help the Automotive E Compressor market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Automotive E Compressor industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Automotive E Compressor. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Automotive E Compressor industry must offer affordable products.
Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the Automotive E Compressor industry to benefit customers and expand the market sector. The Automotive E Compressor market has recently given medicine some of the most important advantages. Major hair care product market players, including WABCO, Toyota Industries, Panasonic, Denso Corporation, and others, are attempting to increase market demand by funding R&D initiatives.
Wabco Compressor Manufacturing Company offers commercial vehicle auto parts. The Company provides air compressors and processors, suspensions, vehicle and emission control systems, breaks, and trailer driver assistance, and Smart fleet management solutions. Wabco Compressor Manufacturing serves clients globally.
Also, Toyota Industries Corporation (President: Akira Onishi) will increase the capacity of the machining line of its Higashiura Plant and its Chinese subsidiary TACK*1, the assembly line of its Kariya Plant, and construct a 10-Billion-unit production capacity to respond to the growing demand for electric compressors for car air conditioners amidst the electrification of automobiles. In particular, the Higashiura Plant which manufactures shells, rotors, and other key components for compressor functions will be expanded to approximately double the size of the current plant and a new machining line for electric compressor components will be constructed, with production beginning in October 2022.
In November 2021, Hanon methods inaugurated a new production site to assemble elements for eco-friendly cars in Korea.
In March 2021, the building of the 5th production plant of Hanon Systems began in Korea.
| Report Attribute/Metric | Details |
| Market Size 2021 | USD 1.6 Billion |
| Market Size 2022 | USD 3.4 Billion |
| Market Size 2030 | USD 36.2 Billion |
| Compound Annual Growth Rate (CAGR) | 34.12% (2022-2030) |
| Base Year | 2021 |
| Market Forecast Period | 2022-2030 |
| Historical Data | 2018 & 2020 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product, Drivetrain, Vehicle Type, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | 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 |
| Key Market Opportunities | New product launches and R&D Amongst major key Players |
| Key Market Dynamics | The growing preference for e-compressors Technological developments in the vehicle Favorable government policies promoting EVs are boosting sales and production of EVs |
Automotive E Compressor Market Highlights:
Frequently Asked Questions (FAQ) :
The Automotive E Compressor market size was valued at USD 1.6 Billion in 2021.
The market is projected to grow at a CAGR of 34.12% during the forecast period, 2022-2030.
Europe had the largest share of the Automotive E Compressor market.
The key players in the 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
The Scroll category dominated the market in 2021.
The BEV base had the largest share in the market for Automotive E compressors.
Team Lead - Research With a technical background as bachelor's in mechanical engineering, with mba in operations management , swapnil has 6+ years of experience in market research, consulting and analytics with the tasks of data mining, analysis, and project execution. he is the poc for our clients, for their consulting projects running under the automotive/a&d domain. swapnil has worked on major projects in verticals such as aerospace & defense, automotive and many other domain projects. he has worked on projects for fortune 500 companies' syndicate and consulting projects along with several government projects.
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