Report Id: SNS/AUTO/1594 | June 2022 | Region: Global | 120 Pages
Report Scope & Overview:
Automotive E Compressor Market Size was valued at USD 11.37 billion in 2021 and is expected to reach USD 43.19 billion by 2028 and grow at a CAGR of 21% over the forecast period 2022-2028.
Electric compressors, often known as automotive E-compressors, are widely used in the automotive industry. These industries use automotive E-compressors in vehicles to aid in the operation of the HVAC system for passenger comfort. Because it is charged by a separate electric motor, the E-compressors are highly effective for decreasing vehicle emissions and workload. Another notable characteristic of the E-compressor is its minimal carryover oil, which aids the vehicle's engine in cleaning the air in the cabin. It also supports a quick engine and has a straightforward installation approach.
An electric compressor, which is independent of the car's engine, is in charge of cooling the cabin and the battery pack, as well as preventing the battery from overheating and causing the vehicle to break down. Due to the smaller oil carryover, an electric compressor has fewer mechanical parts and so allows for quieter and cleaner operations. Given that electric compressors are completely independent of the vehicle engine, all of these benefits help to improve total vehicle efficiency, boosting demand for these compressors.
The Market is growing as people become more aware of the importance of choosing the correct oil to safeguard their electric motors.
The adoption of an electric compressor has been aided by stricter standards for vehicle efficiency and emissions.
The development of EVs has been aided by technical improvements, which are expected to propel the market.
The market's expansion is hampered by high maintenance costs.
Due to the lower power of automobile e-compressors compared to conventional compressors, this could stifle expansion.
As a result of increased spending on e-compressor research and development.
Manufacturers in the global market benefit from the innovation of new product launches.
A gain in disposable income, combined with an improvement in living standards, creates an opportunity for market investments.
Due to a lack of professionals in the vehicle industry.
Advanced systems are tough for vehicle mechanics to operate, & they also necessitate more heavy-duty electrical wiring.
Due to growing repair complexity, and total system cost.
IMPACT OF COVID-19:
Various marketing industries have suffered significant losses as a result of the global COVID-19 pandemic, impeding their growth. Due to a shortage of transportation, manpower, needs, productivity, and many other factors, this market has suffered a significant loss. As a result of the global pandemic disrupting the supply chain of the Global Market for Automotive E Compressor, there has been an abrupt halt in investment. Businesses have been halted, rigorous lockdowns have been imposed, travel and transportation have been prohibited, and supply chains have been interrupted, all of which have impacted the worldwide automotive e-compressor market's growth. Businesses are recovering from losses by taking a strategic strategy, and market contributors are focused on creative solutions to stay afloat in the business.
KEY MARKET PLAYERS:
Denso Corporation, Aptiv PLC, MAHLE GmbH, Panasonic Corporation, BorgWarner, Sanden Corporation, Mitsubishi Heavy Industries, Ltd., Robert Bosch GmbH, SCHOTT AG, Hanon Systems, Highly Marelli Holdings Co., Ltd., Toyota Industries Corporation, Valeo S.A., and WABCO are some of the affluent competitors with significant market share in the Automotive E Compressor Market.
Market, By Capacity:
Based on the capacity segment, the global market has been divided into less than 20 CC, 20-40 CC, 40-60 CC, and more than 60 CC. The 20-40 CC sector is expected to have the greatest CAGR of more than 15%. Due to the deployment of these compressors in smaller cars, the less than 20 CC category accounted for the second-largest share in 2020. Compressors with a cooling capacity of more than 60 CC are necessary thus the more than 60 CC category is predicted to increase moderately.
Market, By Power Output:
The global market has been divided into BEV, HEV, and PHEV based on the drivetrain segment. Over the projected period, the Battery Electric Vehicle segment is expected to grow at a CAGR of 16.3 percent. Because hybrid electric vehicles can run on both gasoline and electricity, they accounted for the biggest market share. While the continuing installation of EV charging infrastructure is likely to boost BEV and PHEV adoption.
Market, By Vehicle Type:
Based on the vehicle type segment, the global market has been divided into Passenger Vehicles, HCV, LCV, Buses, and Coaches. In 2020, the passenger car segment accounted for more than half of the revenue in the automotive electric compressor market. As part of their attempts to reduce automobile pollution, numerous governments have deployed electric buses for passenger transportation.
Less Than 20 CC
More Than 60 CC
By Vehicle Type:
Heavy Commercial Vehicle (HCV)
Light Commercial Vehicle (LCV)
Buses and Coaches
Because of China's high rate of EV adoption, the Asia Pacific regional market accounted for a large share of over 65 percent in 2020. In 2020, China was responsible for more than half of all global electric compressor sales. Over the projection period, the ongoing development of EV charging and transportation infrastructure in developing nations across the Asia Pacific is likely to enhance electric vehicle sales and, as a result, demand for electric compressors. Several important EV manufacturers are based in Asia Pacific countries, such as South Korea and Japan, and are vigorously pursuing various R&D efforts, which bodes well for the Asia Pacific regional market's growth over the forecast period.
Furthermore, because of the growing demand for electric vehicles in various parts of the Asia Pacific area, this region leads the Global Market for Automotive E Compressor growth. Because of its excellent research and development facilities, tier-1 suppliers, and large OEMs, the European region is driving market expansion.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 11.37 Billion|
|Market Size by 2028||US$ 43.19 Billion|
|CAGR||CAGR of 21% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Capacity (Less Than 20 CC, 20-40 CC, 40-60 CC, More Than 60 CC)
• by Drivetrain (BEV, HEV, PHEV)
• by Vehicle Type (Passenger Vehicles, HCV, LCV, Buses, and Coaches),
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Denso Corporation, Aptiv PLC, MAHLE GmbH, Panasonic Corporation, BorgWarner, Sanden Corporation, Mitsubishi Heavy Industries, Ltd., Robert Bosch GmbH, SCHOTT AG, Hanon Systems, Highly Marelli Holdings Co., Ltd., Toyota Industries Corporation, Valeo S.A., and WABCO|
|Key Drivers||•The Market is growing as people become more aware of the importance of choosing the correct oil to safeguard their electric motors.
•The adoption of an electric compressor has been aided by stricter standards for vehicle efficiency and emissions.
|RESTRAINTS||•The market's expansion is hampered by high maintenance costs.
•Due to the lower power of automobile e-compressors compared to conventional compressors, this could stifle expansion.
Frequently Asked Questions (FAQ) :
Ans:- The market size is expected to reach USD 43.19 billion by 2028.
Ans:- An independent electric compressor cools the car's cabin and battery pack, keeping the battery from overheating and causing a breakdown.
Ans:- Rise in awareness of the importance of choosing the correct oil & adoption of an E Compressor are the primary market drivers for the E Compressor market.
Ans:- Asia pacific region is anticipated to be the primary driver of the market.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of the Ukraine-Russia War
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Automotive E Compressor Market Segmentation, by Capacity
8.1 Less Than 20 CC
8.2 20-40 CC
8.3 40-60 CC
8.4 More Than 60 CC
9. Global Automotive E Compressor Market Segmentation, by Drivetrain
10. Global Automotive E Compressor Market Segmentation, by Vehicle Type
10.1 Passenger Vehicle
10.2 Light Commercial Vehicle (LCV)
10.3 Heavy Commercial Vehicle (HCV)
10.4 Buses and Coaches
11. Regional Analysis
11.2 North America
11.2.1 the USA
11.3.2 the UK
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Robert Bosch GmbH,
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Denso Corporation
12.3 Aptiv PLC
12.4 MAHLE GmbH
12.5 Panasonic Corporation
12.7 Sanden Corporation
12.8 Mitsubishi Heavy Industries, Ltd.
12.9 Robert Bosch GmbH
12.10 SCHOTT AG
12.11 Hanon Systems
12.12 Highly Marelli Holdings Co., Ltd.
12.13 Toyota Industries Corporation
12.14 Valeo S.A.
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
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