Press release
Automotive E-Compressor Market Size, Share, Forecast
Automotive E-Compressor Market Size
As per the report, the automotive scroll e-compressor market size has grown strongly in recent years. It will grow from $1.38 billion in 2023 to $1.5 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The automotive scroll e-compressor market size is expected to see strong growth in the next few years. It will grow to $2.04 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%.
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Growing Automobile Sales Propel Automotive Scroll E-Compressor Market Forward
The growing sales of automobiles are expected to boost the growth of the automotive scroll e-compressor market going forward. An automobile refers to a passenger vehicle with four wheels and a gasoline or diesel internal combustion engine that is intended for use on public highways. Automotive scroll e-compressors are used in automobile air conditioning systems as the majority of scrolls are employed in heat pumps. They are highly compliant with fluids in between the scroll components. Hence, growing sales of automobiles are expected to boost the automotive scroll e-compressor market. For instance, in March 2022, according to a report published by the European Automobile Manufacturers' Association (ACEA), the main lobbying and standards group for the automobile industry in the European Union, sales of passenger cars in the US increased by 5.5% from 2020 to 11.9 million units in 2021. In 2021, about 6.3 million passenger automobiles were produced in US auto plants, a 3.1% increase over 2020. In 2021, Chinese automakers manufactured 20.7 million automobiles, a 7.1% increase. The total number of cars produced worldwide increased by 2.7% to 63.2 million in 2021. Therefore, the growing sales of automobiles are driving the growth of the automotive scroll e-compressor market.
Automotive Scroll E-Compressor Market Surges With Technological Advancements
Technological advancements have emerged as a key trend gaining popularity in the automotive scroll e-compressor market. Major companies operating in the automotive scroll e-compressor market are focusing on developing new technologies to strengthen their position in the market. For instance, in January 2021, Atlas Copco, a Sweden-based industrial manufacturer of industrial tools and equipment, launched new lightweight and versatile air compressors for safe integration into utility vehicles and other OEM applications. The 8 Series Utility range saves space by having a 10% lower footprint than equivalent compressors. Furthermore, all versions, including those with a built-in generator, weigh less than 750 kg.
The automotive scroll e-compressor market covered in this report is segmented -
1) By Type: Below 25 CC/r, 25-40 CC/r, Above 40 CC/r
2) By Materials: Steel, Aluminum, Other Materials
3) By Vehicle Type: Passenger Vehicle, Hatchback, Sedan, Utility Vehicles, Light Duty Vehicle, Medium And Heavy Duty Trucks, Buses And Coaches
4) By Sales Channel: OEM, Aftermarket
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Major companies operating in the automotive scroll e-compressor market report are Mahle GmbH, Robert Bosch GmbH, Sanden Corporation, Valeo S.A., Hanon Systems USA Inc., Brose Fahrzeugteile GmbH & Co. KG, Calsonic Kansei Corporation, Continental AG, Delphi Technologies LLC, Panasonic Corporation, Toyota Industries Corporation, Denso Corporation, HELLA GmbH & Co. KGaA, Mitsubishi Heavy Industries Ltd., Schott AG, WABCO Holdings Inc., Hitachi Automotive Systems, Aotecar Co. Ltd., Shanghai Highly Industry Co. Ltd., LG Electronics Inc., Samsung SDI Co. Ltd., Johnson Controls International plc., BYD Co. Ltd., Tesla Inc., General Motors Company, Ford Motor Company, Bayerische Motoren Werke AG, Volkswagen AG, Zhejiang Yide Automotive Parts Co. Ltd., Kion Group AG .
Contents of the report:
1. Executive Summary
2. Automotive Scroll E-Compressor Market Report Structure
3. Automotive Scroll E-Compressor Market Trends And Strategies
4. Automotive Scroll E-Compressor Market - Macro Economic Scenario
5. Automotive Scroll E-Compressor Market Size And Growth
…..
27. Automotive Scroll E-Compressor Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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