Press release
Automotive Scroll E-Compressor Market Size Forecasted To Achieve $2.19 Billion By 2029 With Steady Growth
Automotive Scroll E-Compressor
What Is the Automotive Scroll E-Compressor Market Size and Projected Growth Rate?
In recent times, there has been a significant increase in the size of the automotive scroll e-compressor market. Expectations suggest that it will rise from $1.48 billion in 2024 to $1.59 billion in 2025, growing at a compound annual growth rate (CAGR) of 7.5%. This growth spurt during the historic period is a result of factors such as rising demand for comfort within vehicles, the need for improved fuel efficiency, a transition towards electric and hybrid cars, a surge in consumer demand for both comfort and performance, widespread adoption and standardization by original equipment manufacturers (OEM), and innovation within the automotive industry.
A significant surge is expected in the size of the automotive scroll e-compressor market in the upcoming years, anticipating to reach approximately $2.19 billion by 2029 with an annual growth rate of 8.4%. The escalation during the predicted period can be accredited to factors like the electric vehicle (EV) expansion, development of cutting-edge refrigerants, increased attention on cabin air quality, soaring demand for self-driving vehicles, and the incorporation of intelligent HVAC systems. The crucial tendencies during the forecast period encompass the surge in the adoption of electric and hybrid vehicles, technological improvements in scroll compressors, emphasis on energy efficiency, integration with sophisticated climate control systems, adoption of low GWP refrigerants, and market proliferation in burgeoning economies.
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What Are the Major Segments in the Automotive Scroll E-Compressor Market?
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 Are The Driving Automotive Scroll E-Compressor Market Evolution?
The surge in automobile sales is projected to fuel the expansion of the automotive scroll e-compressor market. The term automobile is used to describe a passenger vehicle equipped with four wheels and an internal combustion engine powered by gasoline or diesel, designed for public highway use. Automotive scroll e-compressors, which are predominantly used in heat pumps, play a crucial role in vehicle air conditioning systems. They interact exceptionally well with fluids found within scroll components. As such, the rising automobile sales are anticipated to uplift the automotive scroll e-compressor market. As an illustration, the Organisation Internationale des Constructeurs d'Automobiles (OICA), a French-based global association of auto manufacturers, reported in 2023 noticeable growth in the global auto industry. The production of vehicles reached an impressive 93546599 units, seeing a considerable rise from the 85016728 units manufactured in the preceding year, 2022. Consequently, the escalating sales of automobiles are propelling the automotive scroll e-compressor market's expansion.
Which Firms Dominate The Automotive Scroll E-Compressor Market Segments?
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.
What Trends Are Expected to Dominate the Automotive Scroll E-Compressor Market in the Next 5 Years?
Prominent businesses engaged in the automotive scroll e-compressor industry are striving to develop enhanced scroll compressors. The objective is to boost energy efficacy, minimize noise and vibrations, and augment the performance of air conditioning systems in electric and hybrid vehicles. Scroll compressors are a kind of compressor that employ two interlocking spirals to compress air or refrigerant. To illustrate, Copeland Co, a company based in UAE, launched a 50HP Large Scroll Compressor in March 2024. This compressor is available in two models - one without injection, and another with EVI. The EVI version can efficiently operate even at freezing outdoor temperatures as low as -30°C and thus, is suitable for colder climates. The 50HP compressors can work in sync, enabling manufacturers to create heat pumps with a potential of up to 600kW. By substituting traditional screw compressors with the 50HP scroll compressor, companies can decrease the upfront investment costs by 15-20% due to its less weight and compact size.
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Which Is The Largest Region 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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Scroll E-Compressor Market?
2. What is the CAGR expected in the Automotive Scroll E-Compressor Market?
3. What Are the Key Innovations Transforming the Automotive Scroll E-Compressor Industry?
4. Which Region Is Leading the Automotive Scroll E-Compressor Market?
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