Automotive E-compressor Market to Surpass Valuation of US$ 26.4 Bn by 2031: Transparency Market Research

Automotive E-Compressor Market: Introduction

According to the report, the global automotive e-compressor market is projected to surpass US$ 26.4 Bn by 2031, expanding at a CAGR of 29.91% during the forecast period. Electric compressors or automotive e-compressors are extensively preferred among vehicle manufacturers. These industries are adopting automotive e-compressors in vehicles to assist the HVAC system operation in order to enhance comfort for passengers. E-compressors are very useful to reduce vehicle emissions and workload of the engine, as a separate electric motor charges 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. Furthermore, it provides a simple installation process and facilitates a fast engine.

Across the world, a major reason behind the increasing levels of pollution is transportation. It creates tailpipe emissions such as nitrogen oxides, carbon dioxide, carbon monoxide, and sulfur dioxide. These tailpipe emissions cause heart conditions, respiratory illnesses, and mental illness that increases healthcare burden. Hence, the development of fuel-efficient solutions can be an effective way, which, in turn, is estimated to propel the global automotive e compressor market during the forecast period.

The COVID-19 pandemic caused a negative impact on several industries, including automotive, which led to the shutdown of multiple companies. Several automotive companies slashed their investment budget in R&D and reduced production capacities, which in turn hampered the automotive e-compressor market.

Expansion of Automotive E-compressor Market

Electric vehicle sales are increasing due to the autonomous operation of automotive e-compressor. Numerous automotive manufacturers are implementing solutions that improve cooling capacity while reducing noise. Consequently, the global market is expanding, as people become more aware of the importance of choosing the correct oil to maintain their electric motors. Transportation is the primary cause of rising pollution levels all around the world. These emissions contribute to heart disease, respiratory illness, and mental illness, all of which increase healthcare costs. Therefore, development of fuel-efficient solutions might be an effective strategy for driving the global automotive e-compressor market during the forecast period. Furthermore, electric car sales are increasing due to the autonomous operation of automotive compressor.

The market for next-generation vehicles, such as electric vehicles (EV) and hybrid electric vehicles is expanding due to the introduction of various models by automobile manufacturers based in Japan, Europe, North America, and China, as well as venture companies entering the market to capture the expanding electric vehicles segment. Consequently, the global e-compressor market is expanding. Automobile manufacturers throughout the world have been focused on the adoption of electric compressors for air conditioning systems, because e-compressors offer higher cooling capability and are more energy-efficient than their conventional counterparts.

Various marketing sectors have suffered significant losses as a result of the global COVID-19 outbreak. The global market was the most notable of these. The market has suffered a significant loss due to a shortage of transportation, manpower, needs, productivity, and many other factors. The global pandemic disrupted the supply chain of the global market for automotive e compressor, which has led to an abrupt halt in investment.

Regional Analysis of Automotive E-compressor Market

In terms of region, the global automotive e-compressor market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa and South America. Of all these regions, Europe and Asia Pacific are expected to account for a significant share of the global automotive e-compressor market. The market in Asia Pacific expanding considerably, owing to the significant expansion of the automotive industries in Japan, China, and India. Furthermore, the region also leads the global market for automotive e compressor due to the rising demand for electric vehicles in various parts of Asia Pacific.

North America and Latin America are expected to be emerging regions of the global automotive e-compressor market during the forecast period. This is primarily due to the emergence of the automobile industry in the past few years. Furthermore, the market in North America is witnessing expansion owing to its excellent research and development facilities, tier-1 suppliers, and presence of large OEMs in the region.

Automotive E-compressor Market Players

Prominent players operating for automotive e-compressor market include Brose Fahrzeugteile GmbH & Co. Kg, Calsonic Kansei Corporation, Continental AG, Delphi Plc, Denso Corporation, Hanon Systems, Hella, Mahle Behr GmbH, Panasonic Corporation, Robert Bosch GmbH, Sanden Corporation, Toyota Industries Corporation, Valeo S.A., and WABCO.

Global Automotive E-compressor Market: Segmentation

  • Automotive E-compressor Market, by Sales Channel
    • OEM
    • After market
  • Automotive E-compressor Market, by Type
    • Swash
    • Wobble
    • Screw
    • Scroll
    • Others
  • Automotive E-compressor Market, by Vehicle Type
    • Passenger Vehicle
      • Hatchback
      • Sedan
      • Utility Vehicles
    • Light Duty Vehicle
    • Medium & Heavy Duty Trucks
    • Buses & Coaches
  • Automotive E-compressor Market, by Drivetrain
    • ICE Vehicles
      • Gasoline
      • Diesel
    • Electric Vehicle
      • Battery Electric Vehicle
      • Hybrid / Plug-in Electric Vehicle
  • Automotive E-compressor Market, by Cooling Capacity
    • Less than 20 CC
    • 20 to 40 CC
    • 40 to 60 CC
    • More than 60 CC
  • Automotive E-compressor Market, by Component
    • Compressor Section
    • Motor
    • Inverter
    • Oil Separator
    • Others

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