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Automotive E-Compressor Market worth $5.29 billion by 2030, growing at a CAGR of 11.34% - Exclusive Report by 360iResearch
Automotive E-Compressor Market | 360iResearch
The Global Automotive E-Compressor Market to grow from USD 2.49 billion in 2023 to USD 5.29 billion by 2030, at a CAGR of 11.34%.
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An automotive e-compressor, mainly used in electric and hybrid vehicles, is a device used to manage the climate control system. They operate using electric power, usually drawn from the vehicle's battery or electrical system, to compress refrigerant gases for air conditioning or heat pump functions.With the increasing focus on environmentally friendly transport solutions and rising demand for electric vehicles, the need for e-compressors is expanding. Global initiatives to reduce carbon emissions pushing for the electrification of vehicles, rising consumer preference for energy-efficient vehicles, and growing supportive government policies favoring electric vehicle adoption have also accelerated the demand for e-compressors. However, the high manufacturing costs of e-compressors and technical complexities in their design and integration impede the product development process. Market players are working on design enhancement for compact and lightweight compressors, the development of high-performance e-compressors, reduction of manufacturing costs through material innovations, and establishment of sustainable supply chain practices. The market also holds potential opportunities that include partnerships with automotive manufacturers for seamless integration of e-compressors and investments in R&D for energy-efficient compressors.
In the Americas, automotive compressors are extensively used in passenger vehicles and commercial trucks due to the extensive road network and high car ownership ratio. Production of automotive compressors in the Americas is concentrated mainly in the US and Mexico due to the presence of a large number of auto manufacturers and supportive industrial policies. Companies in the region are offering a diverse product portfolio and maintaining robust distribution networks. In Asia, particularly in countries such as India and China, with rising middle-class populations, the spike in electric automotive production and ownership has elevated the usage of automotive compressors. In Asia, Japan, China, and South Korea observe significant production, boosted by high local demand and established automobile industries. Asia's landscape is marked by competitive rivalry among key regional and international companies, which bank on innovation and competitive pricing. Europe has a relatively mature market defined by high technical standards and strong regulations, which drive the usage of high-quality, energy-efficient compressors. Europe's production is predominantly in Germany, France, and Italy, countries known for their long-standing automotive large-scale automotive industry and advanced technologies. Europe's landscape showcases a blend of traditional and new entrants, with companies focusing on constant research & development and high-quality products, with adherence to stringent European standards.
Market Segmentation & Coverage:
This research report categorizes the Automotive E-Compressor Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Screw, Scroll, Swash, and Wobble. The Scroll is projected to witness significant market share during forecast period.
Based on Component, market is studied across Compressor Section, Inverter, Motor, and Oil Separator. The Oil Separator is projected to witness significant market share during forecast period.
Based on Drivetrain, market is studied across Battery Electric Vehicle and Hybrid or Plug-in Electric Vehicle. The Hybrid or Plug-in Electric Vehicle is projected to witness significant market share during forecast period.
Based on Sales Channel, market is studied across Aftermarket and OEM. The Aftermarket is projected to witness significant market share during forecast period.
Based on Vehicle, market is studied across Commercial Vehicles and Passenger Vehicles. The Passenger Vehicles is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 37.92% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Automotive E-Compressor Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Automotive E-Compressor Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Automotive E-Compressor Market, highlighting leading vendors and their innovative profiles. These include Anhui Dyne Automotive Air Conditioning Co. Ltd., BorgWarner Inc., Brose Fahrzeugteile SE & Co. KG, Continental AG by The Schaeffler Group, Denso Corporation, Faurecia, Garrett Motion Inc., Guchen Industry, Hanon Systems, Highly Marelli Holdings Co., Limited, Infineon Technologies AG, Ingersoll Rand Inc., MAHLE Aftermarket GmbH, Mitsubishi Heavy Industries, Ltd., Panasonic Automotive Systems Co., Ltd., Quanxing Machining Group Co., Ltd., Robert Bosch GmbH, Sanden Corporation, Schott AG, STMicroelectronics International N.V., Sullair by Hitachi Global Air Power US, LLC, TCCI Manufacturing, Toyota Industries Corporation, Valeo, Vikas Group, and ZF Friedrichshafen AG.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Automotive E-Compressor Market, by Type
7. Automotive E-Compressor Market, by Component
8. Automotive E-Compressor Market, by Drivetrain
9. Automotive E-Compressor Market, by Sales Channel
10. Automotive E-Compressor Market, by Vehicle
11. Americas Automotive E-Compressor Market
12. Asia-Pacific Automotive E-Compressor Market
13. Europe, Middle East & Africa Automotive E-Compressor Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Automotive E-Compressor Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Automotive E-Compressor Market?
3. What is the competitive strategic window for opportunities in the Automotive E-Compressor Market?
4. What are the technology trends and regulatory frameworks in the Automotive E-Compressor Market?
5. What is the market share of the leading vendors in the Automotive E-Compressor Market?
6. What modes and strategic moves are considered suitable for entering the Automotive E-Compressor Market?
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