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Projected Surge in Global Automotive Electric HVAC Compressor Market: Insights into Market Size, Growth Drivers, and Key Trends
Automotive Electric HVAC Compressor Market
An explosive increase in EV adoption worldwide fuels the market growth, with major trends such as smart climate control and advanced refrigerant technologies shaping the industry.
What Is The Projected Market Size Of The Global Automotive Electric HVAC Compressor Market And Its Growth Rate?
The global automotive electric HVAC compressor market has seen considerable growth in recent years:
• The market size has grown from $16.48 billion in 2024 to $20.24 billion in 2025 at a compound annual growth rate (CAGR) of 22.8%.
• The growth is attributed to environmental regulations, fuel efficiency standards, consumer demand for comfort, globalization of automotive manufacturing, improved energy management.
• The market is expected to grow to $44.52 billion in 2029 at a CAGR of 21.8%.
• The growth in the forecast period is driven by electrification of vehicles, autonomous vehicles, increased vehicle connectivity, enhanced energy efficiency, consumer demand for advanced features, sustainability initiatives.
What Is Driving The Growth In The Automotive Electric HVAC Compressor Market?
The primary growth-driver for the automotive electric HVAC compressor market is the increasing global adoption of electric vehicles (EVs). Electric vehicles require a HVAC compressor not only for cabin cooling but also for cooling onboard electronic systems that tend to heat up. Therefore, these compressors have gained an expanded role for electric vehicles, and production is rising. For instance, in first half of 2022, around 4.3 million new battery-powered electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) were sold globally, showing the increasing adoption of EVs and contributing to the growth of the automotive electric HVAC compressor market.
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Who Are the Key Players Driving Automotive Electric HVAC Compressor Market Growth?
Major companies operating in the automotive electric HVAC compressor market include:
• Denso Corporation
• Toyota Industries Corporation
• Valeo SA
• MAHLE GmbH
• Robert Bosch GmbH
• Highly Marelli Holdings Co. Ltd.
• Brose Fahrzeugteile SE & Co. KG
• Borg Warner Inc.
• Hanon Systems
• Aptiv plc
• Mitsubishi Heavy Industries Ltd.
What Are The Key Trends In The Automotive Electric HVAC Compressor Market?
Key trends in the forecast period include:
• Integration with thermal management systems
• Smart climate control
• Integration of cabin air quality sensors
• Thermal comfort in autonomous vehicles
• Advanced refrigerant technologies
What Are The Segments Of The Global Automotive Electric HVAC Compressor Market?
1) By Product Type: Scroll, Screw, Swash, Wobble
2) By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV), Buses And Coaches
3) By Cooling Capacity: Less Than 20 CC, 20-40 CC, 40-60 CC, More Than 60 CC
4) By Drivetrain: Plug-In Hybrid Electric Vehicles (PHEV), Battery Electric Vehicles (BEV), Hybrid Electric Vehicles (HEV)
Which Region Leads The Automotive Electric HVAC Compressor Market?
Asia-Pacific was the largest region in the automotive electric HVAC compressor in 2024, closely followed by Europe. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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What Is Covered In The Automotive Electric HVAC Compressor Market Global Market Report?
- Market Size Analysis: Analyze the Automotive Electric HVAC Compressor Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automotive Electric HVAC Compressor Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automotive Electric HVAC Compressor Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automotive Electric HVAC Compressor Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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