Press release
Automotive Scroll E-Compressor Industry Outlook 2025-2029: Market Set to Cross $2.18 Billion Milestone
Automotive Scroll E-Compressor
How Large Will the Automotive Scroll E-Compressor Market Size By 2025?
The size of the automotive scroll e-compressor market has seen considerable growth in the past few years. The market is projected to expand from $1.48 billion in 2024 to $1.59 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.5%. This growth during the historical period is a result of various factors, including an increased demand for comfort within cars, the need for fuel efficiency, the transition to electric and hybrid vehicles, consumer expectations for comfort and performance, original equipment manufacturers' (OEM) adoption and standardization, and overall innovation within the automotive industry.
How Big Is the Automotive Scroll E-Compressor Market Size Expected to Grow by 2029?
In the forthcoming years, the automotive scroll e-compressor market is predicted to experience substantial growth, expected to reach $2.19 billion by 2029 with an 8.4% compound annual growth rate (CAGR). This growth during the projected period can be ascribed to factors like the proliferation of electric vehicles (EV), the creation of novel refrigerants, an increased emphasis on cabin air quality, growth in autonomous vehicle demand, and the integration of intelligent HVAC systems. Key trends for the forecast period encompass an uptick in the acceptance of electric and hybrid vehicles, progress in scroll compressor technology, focus on energy conservation, integration with smart climate control systems, the use of low GWP refrigerants, and market growth in emerging regions.
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Which Key Market Drivers Powering Automotive Scroll E-Compressor Market Expansion and Growth?
The escalating purchases of automobiles are projected to fortify the expansion of the automotive scroll e-compressor market in the future. When referring to an automobile, it points to a four-wheeled passenger vehicle equipped with a gasoline or diesel internal combustion engine, purposed for utilization on public routes. Automotive scroll e-compressors play a crucial role in the vehicle's air conditioning system as they are majorly used in heat pumps. Their compatibility with fluids within the scroll components makes them ideal for use. Thus, the increasing sales of automobiles foresee a heightened growth in the automotive scroll e-compressor market. As evidence, the France-based international association - Organisation Internationale des Constructeurs d'Automobiles (OICA) -reported that in 2023, the global automotive industry displayed substantial growth. Total vehicle production clocked 93546599 units, an impressive surge from the 85016728 units manufactured in 2022. This growing sale of automobiles, therefore, serves as a strong impetus for the expansion of the automotive scroll e-compressor market.
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Which Fast-Growing Trends Are Poised to Disrupt the Automotive Scroll E-Compressor Market?
In an effort to improve energy efficiency, decrease noise and vibration, and enhance the function of air conditioning systems in electric and hybrid vehicles, large-scale businesses operating in the automobile e-scroll compressor industry are concentrating on the development of scroll compressors. Scroll compressors utilize two intertwining scrolls in a spiral shape to compress air or refrigerant. In March of 2024, for example, Copeland Co, based in UAE, introduced their 50HP Large Scroll Compressor. The compressor comes in two models, one without injection and another equipped with EVI, which operates effectively in temperatures as low as -30°C, making it ideal for cold climates. These 50HP compressors can be implemented in tandem configurations, enabling manufacturers to create heat pumps with a capacity of up to 600kW. Replacing traditional screw compressors with the 50HP scroll compressor could potentially lower upfront investment costs by 15%-20%, thanks to its more portable and compact structure.
What Are the Emerging 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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Who Are the Global Leaders 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.
Which are the Top Profitable Regional Markets for the Automotive Scroll E-Compressor Industry?
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
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