Global Automotive E-Compressor Market Analysis and Forecast 2019-2028

Market Introduction: Key Takeaways

The global automotive e-compressor market was valued of US$ 5.19 billion in 2022, growing at a CAGR of 10.2% during the forecast period 2023-2028. An automotive e-compressor is an electric compressor used for air conditioning and cooling systems in vehicles. The market is driven by increasing demand for electric vehicles and the growing trend of electrically driven air conditioning systems.

Market Drivers and Trend Analysis

The growing demand for electric vehicles and the trend towards electrification of vehicles is a major driver of the market. The use of e-compressors in electric vehicles helps to improve the efficiency of air conditioning systems and reduce energy consumption.

The increasing trend towards electrically driven air conditioning systems is also driving the market growth. The rising demand for compact and lightweight e-compressors is expected to create new opportunities in the market. The development of smart e-compressors that can be controlled using smartphones and other electronic devices is a key trend in the market.

Key Segmental Analysis

Based on type, the market is segmented into variable and fixed displacement e-compressors. The variable displacement e-compressors segment is expected to hold the largest market share due to their ability to regulate the refrigerant flow and improve fuel efficiency. Based on application, the market is segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger cars segment is expected to hold the largest market share due to the increasing demand for electric vehicles in this segment.

Global and Regional Market Analysis – Based on Market Intelligence 

The Asia Pacific region is expected to hold the largest market share due to the presence of major automobile manufacturers and the growing demand for electric vehicles in countries such as China, Japan, and India. North America and Europe are also expected to witness significant growth during the forecast period due to increasing government initiatives to promote electric vehicles and reduce carbon emissions.

Competition Overview: Market Structure and Leading Players

The global automotive e-compressor market is highly competitive, with several leading market players operating in the industry.

Some of the prominent market players in the global automotive e-compressor market include Denso Corporation, Hanon Systems, Valeo, Mahle GmbH, Sanden Holdings Corporation, Mitsubishi Heavy Industries, Hitachi Automotive Systems, LG Electronics, Panasonic Corporation, Calsonic Kansei Corporation among others.

These companies are focused on product innovation, strategic partnerships, and expansion into new markets to gain a competitive edge. Additionally, the market is characterized by the presence of several small and medium-sized players offering specialized products and services.

Key Market Segmentation: Global Automotive E-Compressor Market

Rationalstat has segmented the global automotive e-compressor market on the basis of application, type, region, end user.

• By Region
  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Chile
    • Peru
    • Argentina
    • Rest of Latin America
  • Western Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Benelux
    • Nordic Countries
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • Hungary
    • Czech Republic
    • Rest of Eastern Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • ASEAN (Indonesia, Vietnam, Thailand, Philippines, Malaysia, etc.)
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Turkey
    • Egypt
    • Sub-saharan
    • Rest of the Middle East & Africa

Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

Primary Intelligence

• RationalStat utilizes surveys, questionnaires, focus groups, and one-to-one interviews with CXOs, industry partners, trade bodies, association members, ex-employees, and industry professionals to collect insights and quantitative/qualitative data specific to client needs. RationalStat quickly gets to the ‘why’ behind the ‘what’ demonstrated by secondary data.
• RationalStat takes a unique approach to arrive at market conclusions and actionable insights for clients.
• We have the technology and strong in-house resource pool with extensive experience in the global and regional markets, across a wide variety of categories and stakeholders.
• Strong language proficiency and capability with coverage across more than 70 language areas.

Secondary Sources

• Annual reports, company filings, investor presentations, product catalogs, and company documents
• Industry and market-related documents available in the public domain
• Paid databases including Bloomberg, Factiva, S&P Capital IQ, FactSet, Refinitiv Eikon, ICIS, EUWID, and Thomson Reuters, among others
• Whitepapers, research papers, and industry blogs

Why Buy this Report?

The report is intended for service providers, manufacturers, industry stakeholders, government organizations, marketing departments, R&D professionals, insurance organizations, regulatory agencies, and market research firms, among others. The report provides an in-depth analysis of market size, consumption patterns, ongoing market trends and challenges, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights to clients to find the right answers to their business questions.