Automotive Scroll E-Compressor Market Projected to Exhibit Growth at 2.14% CAGR by 2031- TMR Study

The global automotive scroll e-compressor market, valued at over US$1 billion in 2020, is poised for substantial growth, projected to expand at a CAGR of 2.14% from 2021 to 2031. Analysts foresee the market crossing the US$2.6 billion mark by the end of 2031, fueled by the increasing demand for scroll e-compressors and resolving supply chain issues worldwide. However, challenges such as higher integration costs and maintenance complexities pose hurdles to its widespread adoption.

Market Dynamics: Navigating Challenges and Opportunities

1. Steady Expansion Amid Challenges: The automotive industry is anticipated to witness a steady expansion, primarily driven by the surge in demand for automotive scroll e-compressors. Despite this, the market faces challenges due to the higher costs associated with integration and maintenance. The complexity of the systems and frequent maintenance intervals hinder the overall market growth, emphasizing the need for cost-efficient solutions.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐭 (𝐔𝐬𝐞 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐌𝐚𝐢𝐥 𝐈𝐝 𝐟𝐨𝐫 𝐐𝐮𝐢𝐜𝐤 𝐑𝐞𝐬𝐩𝐨𝐧𝐬𝐞) - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=81814&utm_source=OpenPR_Ganesh&utm_medium=OpenPR

2. Reducing Carbon Emissions Boosts Demand: The imperative need to reduce carbon emissions is propelling the demand for automotive scroll e-compressors. With the rise of electric vehicle (EV) sales, governments worldwide are investing in initiatives to combat air pollution. Automotive companies are responding with innovations focused on improving cooling capacity and reducing noise in these e-compressors, expanding the global market.

3. Impact of the Coronavirus Crisis: The COVID-19 pandemic has left lasting effects on supply chains for automakers and auto-component manufacturers, resulting in a shortage of vehicles and raw materials. Despite these challenges, the rebound of automobile and electric vehicle sales, following the easing of restrictions, is expected to propel the automotive scroll e-compressor market in the upcoming decade.

Regional Trends: A Global Perspective

1. Europe and North America: Europe and North America hold a substantial market share, driven by pollution-reduction initiatives and investments in charging infrastructure. Government support for electric car sales and a focus on reducing emissions are instrumental in fueling the growth of the automotive scroll e-compressor market in these regions.

2. Asia Pacific Dominance: Asia Pacific emerges as a major player in the global automotive scroll e-compressor market, with countries like China, Japan, and South Korea boasting advanced research and development and manufacturing facilities. High production rates and sales of hybrid and electric vehicles in the region contribute significantly to market expansion.

Challenges and Growth Opportunities: Addressing the Knowledge Gap

1. Lack of Knowledge in New Systems: One of the significant challenges faced by the automotive scroll e-compressor market is the lack of knowledge and experience among technicians working at automobile repair shops. The addition of extra components and the requirement for heavy-duty electrical wiring contribute to the complexity in repair and maintenance, necessitating standardized usage and increased training efforts.

2. Innovating for High Performance: To overcome the less powerful nature of automotive scroll e-compressors compared to conventional internal combustion engine-driven compressors, automotive companies need to increase research expenditure. The market demands innovations in high-performance automotive scroll e-compressors to address this impediment to growth.

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 | 𝐈𝐦𝐦𝐞𝐝𝐢𝐚𝐭𝐞 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐲 𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 𝐚𝐭 - https://www.transparencymarketresearch.com/checkout.php?rep_id=81814<ype=S&utm_source=OpenPR_Ganesh&utm_medium=OpenPR

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