Press release
Automotive Scroll E-Compressor Market Poised for 8 % Growth, Set to Hit $2.19 Billion by 2029
Automotive Scroll E-Compressor Market
The automotive scroll e-compressor market is poised for growth, fueled by increased car sales. An automobile is a four-wheeled passenger vehicle equipped with a gasoline or diesel internal combustible engine, designed for public road use. Automotive scroll e-compressors are predominantly utilized in car air conditioning systems since a large proportion of scrolls are used in heat pumps and are greatly compatible with the fluids within the scroll parts. As such, the surge in automobile sales is projected to propel the automotive scroll e-compressor market. For instance, the Organisation Internationale des Constructeurs d'Automobiles (OICA), an international automotive manufacturers association based in France, recorded impressive growth in the global car industry in 2023, with the total car production hitting 93546599 units. This is a marked increase from the 85016728 units manufactured in 2022. As such, the escalating sales of automobiles are priming the growth of the automotive scroll e-compressor market.
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What growth opportunities are expected to drive the automotive scroll e-compressor market's CAGR through 2034?
The market size of automotive scroll e-compressors has seen significant growth over the past few years. It is set to grow from $1.48 billion in 2024 to $1.59 billion in 2025 with a compound annual growth rate (CAGR) of 7.5%. Factors contributing to the growth in the past years include escalating demand for comfortable in-car experiences, improved fuel efficiency, the shift towards electric and hybrid vehicles, consumer desire for comfort and enhanced performance, adoption and standardization by OEMs, as well as innovations within the automotive industry.
In the coming years, a significant rise is anticipated in the size of the automotive scroll e-compressor market. It is poised to expand to $2.19 billion by 2029, with a compound annual growth rate (CAGR) of 8.4%. The surge during the forecast period is linked with the growth of the electric vehicle (EV) industry, the creation of advanced generation refrigerants, rising attention to cabin air purity, the growing appeal for autonomous vehicles, and the addition of smart HVAC systems. The prediction period will observe a surge in the adoption of electric and hybrid vehicles, advancements in scroll compressor technologies, emphasis on energy efficiency, connection with intelligent climate control systems, the usage of low GWP refrigerants, and market growth in burgeoning economies.
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What are the emerging trends shaping the future of the automotive scroll e-compressor market?
Leading firms in the automotive scroll e-compressor market are prioritizing the design of scroll compressors in order to enhance energy efficiency, minimize noise and vibration, and boost the effectiveness of electric and hybrid vehicle air conditioning systems. A scroll compressor is a sort of compressor that utilizes two intertwined scrolls in a spiral shape for the compression of air or refrigerant. For instance, Copeland Co., a company based in UAE, unveiled a new product called 50HP Large Scroll Compressor in March 2024. This compressor comes in two different setups, one without injection and the other with EVI. The EVI model can function efficiently even at temperatures as low as -30°C, which is ideal for colder climates. These 50HP compressors can be implemented in tandem arrangements, allowing manufacturers to create heat pumps with a maximum capacity of 600kW. By substituting conventional screw compressors with the 50HP scroll compressor, initial investment costs can be trimmed by 15-20% due to its more streamlined and compact design.
Which growth-oriented segments of the automotive scroll e-compressor market are leading the industry's development?
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, After market
Subsegments:
1) By Below 25 CC/r: Compact Models, Low-Displacement Variants
2) By 25-40 CC/r: Mid-Range Models, Standard Displacement Variants
3) By Above 40 CC/r: High-Performance Models, Large Displacement Variants
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What regions are leading the charge in the automotive scroll e-compressor market?
Asia-Pacific was the largest region in the automotive scroll e-compressor market in 2024. The regions covered in the automotive scroll e-compressor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What companies are at the forefront of innovation in the automotive scroll e-compressor market?
Major companies operating in the automotive scroll e-compressor market include 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, Hitachi Automotive Systems, Aotecar Co. Ltd., Shanghai Highly Industry Co. Ltd., LG Electronics Inc., 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.
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What Is Covered In The Automotive Scroll E-Compressor Global Market Report?
• Market Size Forecast: Examine the automotive scroll e-compressor market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the automotive scroll e-compressor market for a structured understanding.
• Key Players Overview: Analyze major players in the automotive scroll e-compressor market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive scroll e-compressor market.
• Segment Contributions: Evaluate how different segments drive overall growth in the automotive scroll e-compressor market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive scroll e-compressor market.
• Industry Challenges: Identify potential risks and obstacles affecting the automotive scroll e-compressor market.
• Competitive Landscape: Review strategic developments in the automotive scroll e-compressor market, including expansions, agreements, and new product launches.
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