Press release
Analysis of Key Market Segments Driving the Automotive Electric HVAC Compressor Industry
Automotive Electric HVAC Compressor Market
Projected Growth and Market Size of the Automotive Electric HVAC Compressor Market
The automotive electric HVAC compressor market is anticipated to experience rapid growth in the coming years, reaching a valuation of $52.09 billion by 2030. This expansion corresponds to an impressive compound annual growth rate (CAGR) of 21.0%. Several factors contribute to this surge, including the need for optimizing driving range, increasing adoption of fast-charging technologies, stricter thermal efficiency regulations, a rise in premium electric vehicle models, and the integration of smart climate control systems. Key trends shaping the market during this period feature the widespread adoption of electric HVAC systems, heightened demand for battery thermal management, use of variable-speed compressors, smart thermal control integration, and the broader expansion of electric vehicle platforms.
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Top Companies Leading the Automotive Electric HVAC Compressor Market
Many prominent companies are actively competing in the automotive electric HVAC compressor market. Some of the leading players include Denso Corporation, Toyota Industries Corporation, Valeo SA, MAHLE GmbH, Robert Bosch GmbH, Highly Marelli Holdings Co. Ltd., Brose Fahrzeugteile SE & Co. KG, BorgWarner Inc., Hanon Systems, Aptiv plc, Mitsubishi Heavy Industries Ltd., Estra Automotive Systems Co. Ltd., Hella KGaA Hueck & Co., Subros Ltd., Michigan Automotive Compressor Inc., Shanghai Highly Group Co. Ltd., Continental AG, Sanden Holdings Corporation, Behr Hella Service GmbH, Calsonic Kansei Corporation, Delphi Technologies plc, Panasonic Corporation, Johnson Controls International plc, Modine Manufacturing Company, Xiezhong International Holdings Limited, Red Dot Corporation, and Eberspaecher Climate Control Systems GmbH & Co. KG.
In a notable industry move in March 2023, Danfoss, a Denmark-based industrial equipment manufacturer, acquired BOCK GmbH, a German automotive HVAC compressor producer, for an undisclosed amount. This acquisition highlights the strong growth potential in products designed to support global and regional climate initiatives, reinforcing Danfoss's position in the market.
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Key Factors Boosting Growth in the Automotive Electric HVAC Compressor Market
Strategic partnerships are playing a pivotal role in advancing the production capabilities within the automotive electric HVAC compressor sector. Such collaborations allow companies to combine resources and expertise for enhanced innovation and market reach. For example, in December 2023, TI Fluid Systems (TIFS), a UK-based manufacturer specializing in thermal management and fluid systems, formed a partnership with Japan's Sanden Corporation, an automotive company known for refrigerant expertise, particularly in e-compressors. Through this alliance, TIFS intends to leverage its thermal management strengths alongside Sanden's experience to accelerate the development of next-generation automotive Integrated Thermal Modules. This partnership aims to meet increasing market demand for highly efficient thermal management solutions and provide comprehensive offerings to customers.
Market Segmentation Overview for the Automotive Electric HVAC Compressor Industry
This report classifies the automotive electric HVAC compressor market into several key segments to provide a detailed understanding of the sector. These segments include:
By Compressor Design:
- Scroll Electric HVAC Compressors
- Rotary Electric HVAC Compressors
By Vehicle Type:
- Passenger Vehicles
- Light Commercial Vehicles (LCV)
- Heavy Commercial Vehicles (HCV)
- Buses and Coaches
By Cooling Capacity:
- Up to 20 CC
- 20-40 CC
- 40-60 CC
- More than 60 CC
By Drivetrain Type:
- Plug-In Hybrid Electric Vehicles (PHEV)
- Battery Electric Vehicles (BEV)
- Hybrid Electric Vehicles (HEV)
Detailed subcategories for compressor design are:
Scroll Electric HVAC Compressors:
- Single-Scroll Electric Compressors
- Dual-Scroll Electric Compressors
- High-Speed Scroll Electric Compressors
- Hermetic Scroll Electric Compressors
Rotary Electric HVAC Compressors:
- Single-Rotor Rotary Electric Compressors
- Twin-Rotor Rotary Electric Compressors
- High-Efficiency Rotary Electric Compressors
- Compact Rotary Electric Compressors
This segmentation sheds light on the diverse product types and vehicle applications that drive innovation and growth in this expanding market.
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