Market Insights
According to MRFR analysis, the global Automotive E Compressor Market is expected to register a CAGR of 34.12% from 2022 to 2030 and hold a value of over USD 36.2 Billion by 2030. The automobile industry heavily favors electric compressors, or automotive E-compressors.
Automobile E-compressors are used in these industries in cars to support the HVAC system and maintain passenger comfort. The E-compressors are extremely beneficial for reducing vehicle emissions and the workload of the engine because a separate electric motor charges it. Another key component of the E-compressor is low carryover oil, which enables the car's engine to effectively filter the cabin air. It also makes a rapid engine possible and offers a simple installation process.
Key Players
Some of the key market players are Denso Corporation, Hanon Systems, MAHLE GmbH, Mitsubishi Heavy Industries Ltd, Robert Bosch GmbH, Sanden Corporation, SCHOTT, Toyota Industries Corporation, Valeo S.A., WABCO.
Market segmentation:
The Global Automotive E Compressor Market is classified into three segments: product, drivetrain, vehicle type and cooling capacity.
According to product type:
- Wobble
- Swash
- Screw
- Scroll
- Others
According to drivetrain type:
- BEV
- PHEV
- HEV
According to vehicle type:
- passenger cars
- HCV
- LCV
According to Cooling Capacity:
- More than 60 CC.
- 20 to 40 CC
- Less than 20 CC
Regional Analysis
The automotive e-compressor global market share is expected to be dominated by the regional markets in Europe and Asia Pacific. Due to the significant automotive industry in rising nations such as Japan, Germany, China, and India, the Asia-Pacific market is expanding profitably. Additionally, this area benefits from the expansion of the global market for automotive e-compressors because of the rising demand for electric cars across the Asia Pacific region. Because of its cutting-edge RD centres, tier-1 suppliers, and significant OEMs, the European area is driving the market's growth.
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