The global automotive e-compressor market is anticipated to generate revenues of US$ 1,730.7 million in 2023. The market is anticipated to increase at a CAGR of 11.3% and reach US$ 5,048.5 million by 2033.
Due to the increasing need for electric vehicles and the expanding popularity of electrically powered air conditioning systems, demand for automotive e-compressors is at an all-time high. The industry is going to be significantly influenced by growing HVAC system demand and popularity. These trends are long-term effects on the global market, such as:
Rising Demand for HVAC Systems
Popularity of Electric Vehicles
Eco-friendly Option
| Attributes | Details |
|---|---|
| Expected Market CAGR (2023 to 2033) | 11.3% |
| Expected Market Size (2023) | US$ 1,730.7 million |
| Expected Market Size (2033) | US$ 5,048.5 million |
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Automotive E-compressor Demand Analysis (2018 to 2022)
From 2018 to 2022, the market developed at a sizable CAGR of 7.3%. In 2018, it was valued at US$ 1,224.72 million, and in 2022, that value had increased to US$ 1,623.5 million.
The adoption of e-compressors has been driven by strict regulations on vehicle efficiency and emissions. Many nations have launched programs to lower greenhouse gas emissions over the years.
Countries that adhere to standards similar to European standards include China and India. Moreover, India already complies with BS-IV standards and intends to introduce BS VI rules by the end of 2020. These regulations make a path to follow for industry leaders, which provides them with scope for future innovations.
Future Scope for Automotive E-compressor Demand (2023 to 2033)
Automotive e-compressor manufacturers have a key role to play in the market growth. To enable energy savings, automobile e-compressor businesses are creating small components. So, to prolong the life of lithium-ion batteries, car makers prefer such characteristics.
Also, industry participants are improving their production techniques so that air conditioning continues to operate even when an electric or hybrid car's engine is off or idling. Automotive electric compressors' autonomous functioning encourages the purchase of electric automobiles. Lastly, while retaining the same cooling capacity, the makers are creating ways that produce less noise.
These considerations make the global market grow at a rate of 2.91x between 2023 to 2033, and likely to reach a valuation of US$ 5,048.5 million.
Principal Consultant
| Countries | Market Share (2023) |
|---|---|
| United States | 13.5% |
| Germany | 7.6% |
| Japan | 9.2% |
| Australia | 0.2% |
In 2023, the United Nations is likely to control the market. The market has both opportunities and challenges throughout the forecast period. This is in line with the ongoing transition to electric vehicles. The need for e-compressors, which are utilized in the air conditioning systems of these vehicles, is anticipated to increase as more people move to EVs.
Government initiatives to lower greenhouse gas emissions and encourage the usage of EVs potentially aid in the expansion of the United States automotive e-compressor sector.
The global sector has a lot of potential for the German market. Market share is predicted to be 7.6% in 2023, and by 2033, it is projected to have a CAGR of 26.3%. Market expansion is accelerated as Germany's HEV (Hybrid Electric Vehicles) industry grows swiftly. Public-private investment initiatives are becoming more widespread and creating new market opportunities.
Europe is expected to increase significantly during the forecast period. Germany has always been a key producer of automobiles and other vehicles. The industry is expanding quickly as a result of the existence of well-known automakers, increased desire for electric vehicles, and rising expenses.
The automotive e-compressor in the Germany market is predicted to expand due to the presence of key OEMs and tier-1 suppliers there. Modern research and development facilities are expected to increase the market's income streams.
| Country | Market CAGR (2023 to 2033) |
|---|---|
| China Market CAGR (2023 to 2033) | 12.2% |
| India Market CAGR (2023 to 2033) | 11.5% |
In the global automotive e-compressor sector, passenger automobiles are anticipated to hold the leading share of 62% in 2023. Prominent elements driving this segment's expansion include:
In the market, the Light Commercial Vehicle (LCV) category is expected to expand significantly. The key factors driving this market's expansion are successful government initiatives that encourage the use of electric vehicles for sustainable development.
Variable e-compressors are made to change the amount of refrigerant delivered in response to the vehicle's cooling requirements. Due to their ability to increase energy efficiency and lighten the load on a vehicle's battery, these compressors are becoming common in electric and hybrid vehicles.
As the manufacturing of electric and hybrid vehicles develops and consumer demand for these vehicles increases, the variable e-compressors are anticipated to expand. Also, the displacement e-compressors market is anticipated to expand further, especially as more people in emerging nations buy cars with air conditioning.
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Startups are still more agile and little on the market, yet they have a big future:
| Start-ups | Developments |
|---|---|
| Cooltech Application | This French company has created an innovative magnetic refrigeration technology that does not require compressors, making it more environmentally and energy-friendly. |
| Dearman | This United Kingdom-based business has created an engine that runs on liquid nitrogen and can be used to power refrigeration systems instead of conventional compressors. |
| Akasol | This German business focuses on creating high-performance battery systems, including e-compressor systems, for electric and hybrid automobiles. |
Technology development and environmental concerns shape the market's competitive environment, where businesses strive for trustworthy and effective methods. As a result of the fierce competition in this sector, numerous technologies and developments have been made that are advantageous to both consumers and automakers.
The global automotive e-compressors sector is projected to experience increased competition as more local competitors start to emerge. To reduce carbon emissions in response to the rising pollution levels around the world, automobiles must be environmentally friendly and fuel-efficient.
Recent Development:
The automotive e-compressor market size is valued at US$ 1,730.7 million in 2023.
The automotive e-compressor market is projected to thrive at an 11.3% CAGR through 2033.
The automotive e-compressor market is anticipated to surpass US$ 5,048.5 million by 2033.
The passenger cars segment leads, holding 62% of the market share in 2023.
China’s automotive e-compressor market is projected to rise at 12.2% CAGR by 2033.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and Their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyers
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Type, 2023 to 2033
5.3.1. Belt-driven e-compressor
5.3.2. Electrically driven e-compressor
5.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application, 2023 to 2033
6.3.1. Passenger cars
6.3.2. Light commercial vehicles (LCVs)
6.3.3. Heavy commercial vehicles (HCVs)
6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Electric Vehicle
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Electric Vehicle, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Electric Vehicle, 2023 to 2033
7.3.1. Battery Electric Vehicle (BEV)
7.3.2. Hybrid Electric Vehicle (HEV)
7.3.3. Plug-in Hybrid Electric Vehicle (PHEV)
7.4. Y-o-Y Growth Trend Analysis By Electric Vehicle, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Electric Vehicle, 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022
8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa(MEA)
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Type
9.2.3. By Application
9.2.4. By Electric Vehicle
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Type
9.3.3. By Application
9.3.4. By Electric Vehicle
9.4. Key Takeaways
10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Type
10.2.3. By Application
10.2.4. By Electric Vehicle
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Type
10.3.3. By Application
10.3.4. By Electric Vehicle
10.4. Key Takeaways
11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. United Kingdom
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Europe
11.2.2. By Type
11.2.3. By Application
11.2.4. By Electric Vehicle
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Type
11.3.3. By Application
11.3.4. By Electric Vehicle
11.4. Key Takeaways
12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.1.4. Singapore
12.2.1.5. Thailand
12.2.1.6. Indonesia
12.2.1.7. Australia
12.2.1.8. New Zealand
12.2.1.9. Rest of Asia Pacific
12.2.2. By Type
12.2.3. By Application
12.2.4. By Electric Vehicle
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Type
12.3.3. By Application
12.3.4. By Electric Vehicle
12.4. Key Takeaways
13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. GCC Countries
13.2.1.2. South Africa
13.2.1.3. Israel
13.2.1.4. Rest of Middle East and Africa(MEA)
13.2.2. By Type
13.2.3. By Application
13.2.4. By Electric Vehicle
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Type
13.3.3. By Application
13.3.4. By Electric Vehicle
13.4. Key Takeaways
14. Key Countries Market Analysis
14.1. USA
14.1.1. Pricing Analysis
14.1.2. Market Share Analysis, 2022
14.1.2.1. By Type
14.1.2.2. By Application
14.1.2.3. By Electric Vehicle
14.2. Canada
14.2.1. Pricing Analysis
14.2.2. Market Share Analysis, 2022
14.2.2.1. By Type
14.2.2.2. By Application
14.2.2.3. By Electric Vehicle
14.3. Brazil
14.3.1. Pricing Analysis
14.3.2. Market Share Analysis, 2022
14.3.2.1. By Type
14.3.2.2. By Application
14.3.2.3. By Electric Vehicle
14.4. Mexico
14.4.1. Pricing Analysis
14.4.2. Market Share Analysis, 2022
14.4.2.1. By Type
14.4.2.2. By Application
14.4.2.3. By Electric Vehicle
14.5. Germany
14.5.1. Pricing Analysis
14.5.2. Market Share Analysis, 2022
14.5.2.1. By Type
14.5.2.2. By Application
14.5.2.3. By Electric Vehicle
14.6. United Kingdom
14.6.1. Pricing Analysis
14.6.2. Market Share Analysis, 2022
14.6.2.1. By Type
14.6.2.2. By Application
14.6.2.3. By Electric Vehicle
14.7. France
14.7.1. Pricing Analysis
14.7.2. Market Share Analysis, 2022
14.7.2.1. By Type
14.7.2.2. By Application
14.7.2.3. By Electric Vehicle
14.8. Spain
14.8.1. Pricing Analysis
14.8.2. Market Share Analysis, 2022
14.8.2.1. By Type
14.8.2.2. By Application
14.8.2.3. By Electric Vehicle
14.9. Italy
14.9.1. Pricing Analysis
14.9.2. Market Share Analysis, 2022
14.9.2.1. By Type
14.9.2.2. By Application
14.9.2.3. By Electric Vehicle
14.10. China
14.10.1. Pricing Analysis
14.10.2. Market Share Analysis, 2022
14.10.2.1. By Type
14.10.2.2. By Application
14.10.2.3. By Electric Vehicle
14.11. Japan
14.11.1. Pricing Analysis
14.11.2. Market Share Analysis, 2022
14.11.2.1. By Type
14.11.2.2. By Application
14.11.2.3. By Electric Vehicle
14.12. South Korea
14.12.1. Pricing Analysis
14.12.2. Market Share Analysis, 2022
14.12.2.1. By Type
14.12.2.2. By Application
14.12.2.3. By Electric Vehicle
14.13. Singapore
14.13.1. Pricing Analysis
14.13.2. Market Share Analysis, 2022
14.13.2.1. By Type
14.13.2.2. By Application
14.13.2.3. By Electric Vehicle
14.14. Thailand
14.14.1. Pricing Analysis
14.14.2. Market Share Analysis, 2022
14.14.2.1. By Type
14.14.2.2. By Application
14.14.2.3. By Electric Vehicle
14.15. Indonesia
14.15.1. Pricing Analysis
14.15.2. Market Share Analysis, 2022
14.15.2.1. By Type
14.15.2.2. By Application
14.15.2.3. By Electric Vehicle
14.16. Australia
14.16.1. Pricing Analysis
14.16.2. Market Share Analysis, 2022
14.16.2.1. By Type
14.16.2.2. By Application
14.16.2.3. By Electric Vehicle
14.17. New Zealand
14.17.1. Pricing Analysis
14.17.2. Market Share Analysis, 2022
14.17.2.1. By Type
14.17.2.2. By Application
14.17.2.3. By Electric Vehicle
14.18. GCC Countries
14.18.1. Pricing Analysis
14.18.2. Market Share Analysis, 2022
14.18.2.1. By Type
14.18.2.2. By Application
14.18.2.3. By Electric Vehicle
14.19. South Africa
14.19.1. Pricing Analysis
14.19.2. Market Share Analysis, 2022
14.19.2.1. By Type
14.19.2.2. By Application
14.19.2.3. By Electric Vehicle
14.20. Israel
14.20.1. Pricing Analysis
14.20.2. Market Share Analysis, 2022
14.20.2.1. By Type
14.20.2.2. By Application
14.20.2.3. By Electric Vehicle
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Type
15.3.3. By Application
15.3.4. By Electric Vehicle
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. DENSO Corporation
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. Valeo S.A.
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. MAHLE GmbH
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. Hanon Systems
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
16.1.5. Sanden Holdings Corporation
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.5.5.3. Channel Strategy
16.1.6. Mitsubishi Electric Corporation
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.6.5.3. Channel Strategy
16.1.7. Robert Bosch GmbH
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.7.5.3. Channel Strategy
16.1.8. Calsonic Kansei Corporation
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.8.5.3. Channel Strategy
16.1.9. Guchen Industry Co., Ltd.
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.9.5.2. Product Strategy
16.1.9.5.3. Channel Strategy
16.1.10. Hitachi Automotive Systems, Ltd.
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.10.5.2. Product Strategy
16.1.10.5.3. Channel Strategy
17. Assumptions & Acronyms Used
18. Research Methodology
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Automotive E-compressor Market
