Press release
Automotive Scroll E-Compressor Industry to See Robust Expansion, Valued at $2.09 Billion by 2029
Automotive Scroll E-Compressor
What Is the Projected CAGR for the Automotive Scroll E-Compressor Market from 2024 to 2025?
The scale of the automotive scroll e-compressor market has been on a robust growth trajectory in the last few years. The market is set to expand from a value of $1.48 billion in 2024 to approximately $1.57 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.4%. The substantial growth observed in the historical period can be linked to factors such as increased consumer appetite for comfort within vehicles, rising demand for fuel-efficient cars, a shift towards electric and hybrid vehicles, heightened consumer expectations for vehicle comfort and performance, predominant adoption and standardization by OEMs, and overall innovation in the automotive sector.
What are the Expected Market Size and CAGR for Automotive Scroll E-Compressor by 2029?
In the coming years, the automotive scroll e-compressor market is anticipated to experience robust growth. The market size is forecasted to reach $2.09 billion by 2029 at a compound annual growth rate (CAGR) of 7.4%. Elements contributing to this progress during the predicted period include the spread of electric vehicles (EV), introduction of next-generation refrigerants, growing concentration on cabin air quality, increasing need for autonomous vehicles, and incorporation of smart HVAC systems. Key trends for the projected period encompass an upswing in the adoption of electric and hybrid vehicles, progress in scroll compressor technology, emphasis on energy efficiency, synergy with intelligent climate control systems, usage of low GWP refrigerants, and expanding market in emerging economies.
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Which Factors Are Driving the Global Automotive Scroll E-Compressor Market Expansion?
The automotive scroll e-compressor market is expected to grow along with the increasing sales of automobiles. A car is typically defined as a four-wheeled passenger vehicle that is powered by a gasoline or diesel internal combustion engine and is designed for use on public highways. Scroll e-compressors for the automotive sector are commonly utilized in vehicle air conditioning systems as the vast majority of scrolls are used in heat pumps. These compressors have excellent fluid compatibility within the scroll components. As a result, the escalating auto sales trend is projected to stimulate the growth of the automotive scroll e-compressor market. For example, the global motor industry reported a significant growth in 2023, with the total vehicle output reaching 93546599 units, up from 85016728 units in 2022, according to the France-based international association of vehicle producers, Organisation Internationale des Constructeurs d'Automobiles (OICA). Consequently, the rising auto sales trend is fuelling the expansion of the automotive scroll e-compressor market.
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Which Segment Currently Holds the Largest Share of 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
Which Major Trends Are Shaping the Future of the Automotive Scroll E-Compressor Industry?
Leading firms in the automotive scroll e-compressor market are concentrating on advancing scroll compressors to boost energy efficiency, minimize noise and vibration, and augment the performance of air conditioning systems in electric and hybrid automobiles. Scroll compressors denote a compressor variety that utilizes two interconnected spirals in scroll shape to compress air or refrigerant. For example, Copeland Co, a company based in UAE, in March 2024, introduced the 50HP Large Scroll Compressor, offered in two versions, one without injection and the other with EVI. The model with EVI can function efficiently in outdoor temperatures as low as -30°C, hence it's ideal for colder regions. The 50HP compressors could be operated in combination arrangements, enabling manufacturers to create heat pumps with a capacity of up to 600kW. The 50HP scroll compressor, replacing the traditional screw compressors, can cut down the initial investment costs by 15-20% due to its reduced weight and more compact structure.
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Which Key Players Dominate the Automotive Scroll E-Compressor Industry Globally?
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 Are the Fastest-Growing Regions 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
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