Press release
Automotive E-Compressor Market Key Opportunities and Forecast up to 2031
The global automotive e-compressor market is anticipated to expand at a CAGR of ~33% during the forecast period, owing to the growing adoption of electric vehicles (EVs), favorable government policies promoting EVs, and technological developments that are boosting production and sales of EVs, thus replacing conventional I.C. engine powered vehiclesResearch Report: https://www.transparencymarketresearch.com/automotive-e-compressor-market.html
According to the Global EV Outlook 2019 report of International Energy Agency, sale of electric cars witnessed 40% year-on-year growth in 2019 with a total sale of 2.1 million electric cars worldwide. This scenario is eventually driving the automotive e-compressor market.
Compressors used in HVAC systems of conventional I.C. engine vehicles are operated through a belt drive that is powered by the engines. However, electric vehicles do not have an engine, or have a smaller engine, which creates a demand for alternate compressor solutions. Therefore, electric vehicle manufacturers are adopting e-compressors. For instance, BMW AG's
The analysts at the Transparency Market Research (TMR) opine that automotive sales are expected to surge during the first and second quarter of 2021, as uncertainties pertaining to demand and supply will begin to diminish. During such challenging times, companies in the automotive e-compressor market are holding discussions with their creditors to implement business revitalization plans.
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High Quality Materials Optimize Designs in E-Compressors
The conditions in road vehicles are extreme. This is creating challenges for companies in the automotive e-compressor market, since companies need to address vibrations, environmental factors, and temperature fluctuations. In order to overcome these challenges, manufacturers are increasing their R&D muscle in high quality materials to optimize designs in e-compressors. For instance, Schott AG- a Germany-based specialist in glass and glass ceramics is increasing efforts to meet demanding insulation needs of automotive companies.
Players in the automotive e-compressor market are collaborating with suppliers who have high level of expertise in connecting glass to metal. This expertise is creating space for insulation solutions in e-compressors so that the terminals can withstand various refrigerants in harsh conditions.
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Independent Operation of E-Compressors Boosting Sales of Electric Vehicles
Companies in the automotive e-compressor market are developing compact components to enable energy savings. Such attributes are being preferred by automotive companies, as energy savings extend the life of lithium-ion batteries. Companies in the automotive e-compressor market are increasing their production in systems that continue A/C running, even when the hybrid or electric car engine is idle or switched off.
The independent operation of automotive e-compressors is boosting sales of electric vehicles. Manufacturers are developing systems that create less noise whilst retaining the same cooling capacity. The growing awareness about the right selection of oil is crucial, as this oil protects the electric motor, which is connected to the automotive e-compressor.
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Drivers of Automotive E-Compressor Market
Transportation is a leading cause for rise in levels of pollution worldwide. Tailpipe emissions such as carbon dioxide, nitrogen oxides, hydrocarbons, carbon monoxide, and sulfur dioxide cause respiratory illnesses, heart conditions, and mental illness, which results in increased healthcare burden.
The European Environment Agency stated in a report of 2018 that emissions from vehicles have worsened air quality levels across Europe, resulting in more than US$ 80 Bn of healthcare costs. The traditional belt-driven compressor increases the workload of the engine, which, in turn, reduces the performance and efficiency of the vehicle, thus resulting in higher emissions.
These concerns prompted people and automobile manufacturers to adopt fuel efficient and environmental solutions. E-compressors are powered by a separate electric motor that reduces the workload of the engine and subsequently, vehicle emissions. Low oil carryover of the e-compressor provides cleaner air in the cabin and facilitates fast and simple installation, independent from the vehicle's engine.
The report provides statistical analysis for the following questions:
What is the CAGR What being the Automotive E-Compressor Market?
Automotive E-Compressor Market CAGR of 5.3% by 2026.
Who are the key player's operative in the global Automotive E-Compressor Market?
Brose Fahrzeugteile GmbH & Co. Kg, Calsonic Kansei Corporation, Continental AG, Delphi Plc, Denso Corporation, Hanon Systems, Hella, Mahle Behr GmbH, Panasonic Corporation, Robert Bosch GmbH, Sanden Corporation, Toyota Industries Corporation, Valeo S.A. and WABCO
About Transparency Market Research
Transparency Market Research is a global market research reports company providing business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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