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Global Automotive E-Compressor Market size is expected to be worth roughly USD 64.9 billion by 2030, growing at a CAGR of more than 32.8% during the projected timeframe of 2022-2030, according to Ameco Research

Transportation is the primary cause of rising pollution levels all around the world. It emits tailpipe emissions such as carbon monoxide, carbon dioxide, nitrogen oxides, and sulfur dioxide. These vehicle emissions contribute to heart disease, respiratory ailments, and psychological disorders, all of which raise the burden on the healthcare system. As a result, developing fuel-efficient solutions might be a successful strategy, propelling the global automotive e-compressor market growth during the course of the research.

Automotive e-compressors seem to be compressors with integrated motors. The built-in motor continues to run even after the vehicle’s powertrain is turned off, providing for improved fuel efficiency and continuing use of the air conditioning system to maintain a pleasant operating temperature even after the vehicle is turned off. Automotive E-compressors, also known as electric compressors, are commonly employed in automobiles to help with the functioning of the Heating and cooling system for the convenience of passengers. Automobile manufacturers are employing techniques for producing technologically superior compressors in order to enhance their product performance and life while meeting escalating consumer demands. Additionally, the industry will be highly influenced by the increasing need for and acceptance of Ventilation systems, e-vehicles, as well as hybridization.

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Global Automotive E-Compressor Market Dynamics                   

The automotive e-compressor market value has seen fierce competition between global and domestic automakers. According to GME’s study report, the major players’ market share has increased rapidly due to the increasing demand for electric vehicles. Furthermore, the development of hybrid and electric vehicles has attracted foreign investment, which will promote market growth throughout the projection period. Sustained growth in Electrification and hybrid deployment is a primary driver of the worldwide automotive e-compressor market trend. The fuel-saving advantages of using an automobile e-compressor increase consumer demand for hybrid and electric vehicles, which will boost market expansion throughout the projection period. Furthermore, the profitable presence of market participants throughout the world is a significant element driving the worldwide automotive e-compressor market. Growing market competitiveness is driving market expansion throughout the forecast period.

The global automotive e-compressor market has a bright future, with prospects in light-duty vehicles, medium- and heavy-duty vehicles, buses and coaches, and passenger vehicles. The global automotive e-compressor industry is predicted to contract in 2020 as a result of the global economic downturn caused by COVID-19. However, the high cost of installing and maintaining automotive e-compressors, along with the difficulty of maintenance and repair are important impediments to the global automotive e-compressor market revenue.

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Ameco Research has fragmented the global automotive e-compressor market by sales channel, vehicle type, type, drivetrain, cooling capacity, and component. In terms of sales channel, the market is sub-divided into OEM, and aftermarket. By vehicle type, the market segmented into passenger vehicle, medium & heavy duty trucks, light duty vehicle, and buses & coaches. By type, the industry is categorized into swash, scroll, screw, wobble, and others. Additionally, the market is classified into ICE vehicle, and electric vehicle, based on the drivetrain.

Moreover, in terms of cooling capacity, the market is further segmented into less than 20 CC, 20 to 40 CC, and more than 60 CC. Based on the component, the segment is sub-categorized into compressor section, oil separator, inverter, motor, and others. According to the automotive e-compressor market forecast, the oil separator segment is estimated to grow significantly in the market over the next few years.

Automotive E-Compressor Market Regional Outlook      

The global automotive e-compressor market is divided into several five regions: North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa. According to a review of the automotive e-compressor industry analysis, Asia-Pacific is predicted to remain the biggest market with the greatest growth rate during the projected period. This growth is attributable to the expansion of e-vehicle infrastructure. China, Japan, as well as Korea will be key e-vehicle hubs. The preponderance of automotive e-compressor suppliers anticipates growth in energy-efficient Electric and hybrid vehicles in this region. A strong supply chain administration in Asia-Pacific will aid in the market’s quick growth.

Aside from that, Europe has constantly been a major producer of automobiles and transportation. The presence of significant car manufacturers, rising R&D expenditures, and expanding desire for e-vehicles are supporting the expansion of this market. During the projected timeframe of 2022-2030, Germany is predicted to hold the highest share of the worldwide market. The HEV segment in Germany is quickly expanding, and indeed public-private investment initiatives are becoming more common.

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Some of the most notable worldwide automotive e-compressor market players are Denso Corporation, Mahle Behr GmbH, Hanon Systems, Valeo S.A., Marelli, Mitsubishi Heavy Industries Automotive Thermal Systems Co., Ltd., Sanden Corporation, Toyota Industries Corporation, Robert Bosch GmbH, and SCHOTT AG.

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