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Automotive E Compressor Market

Automotive E Compressor Market Size, Share and Segmentation 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), by Regions and Global Market Forecast 2022-2028

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.

Automotive E Compressor Market Revenue Graph

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.

MARKET DYNAMICS:

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.

  • The development of EVs has been aided by technical improvements, which are expected to propel the market.

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.

OPPORTUNITIES: 

  • 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.

CHALLENGES: 

  • 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 ESTIMATION: 

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.

MARKET SEGMENTATION:

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 Vehicle

  • Heavy Commercial Vehicle (HCV)

  • Light Commercial Vehicle (LCV)

  • Buses and Coaches

Automotive E Compressor Market Segment Chart

REGIONAL ANALYSIS:

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.

REGIONAL COVERAGE:

  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The 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

Automotive E Compressor Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 11.37  Billion
Market Size by 2028 US$ 43.19 Billion
CAGR CAGR of 21% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

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

9.1 BEV

9.2 HEV

9.3 PHEV

 

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

11.1 Introduction

11.2 North America

11.2.1 the USA

11.2.2  Canada

11.2.3  Mexico

11.3 Europe

11.3.1  Germany

11.3.2  the UK

11.3.3  France

11.3.4  Italy

11.3.5  Spain

11.3.6  The Netherlands

11.3.7  Rest of Europe

11.4 Asia-Pacific

11.4.1  Japan

11.4.2  South Korea

11.4.3  China

11.4.4  India

11.4.5  Australia

11.4.6  Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1  Israel

11.5.2  UAE

11.5.3  South Africa

11.5.4  Rest

11.6 Latin America

11.6.1  Brazil

11.6.2  Argentina

11.6.3  Rest of Latin America

 

12. Company Profiles

12.1 Robert Bosch GmbH,

12.1.1 Financial

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

12.6 BorgWarner

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.

12.15 WABCO

 

13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

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Secondary Research

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