Global Automotive E-Compressor Market Overview:
Automotive e- compressor is electrically powered co pressor which is used for the air conditioning and heating system of hybrid vehicles. They powered by high voltage system; they are controlled by inverter. Its main function is to cool down the electric subsystems. An automotive e compressor is help to improve the efficiency and performance of vehicles. Ongoing advancements in electric compressor technology have resulted in more efficient and compact E-Compressors.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing adoption of EVs, where E-compressors are crucial for battery thermal management and cabin comfort.
Market Growth Drivers:
Rising demand for electric vehicles. and Growing awareness about environmental issues
Challenges:
Limited availability and accessibility of charging infrastructure and Limitations in battery energy density and charging speeds
Restraints:
Lack of awareness about benefits and functionality of E compressor.
Opportunities:
Improve the efficiency of E-Compressors. and Reduce the size and weight of E-compressor
Competitive Landscape:
As with all technology, e Compressors and the A/C system in hybrid and electric vehicles will evolve time. Competition among existing players is due to the stiff market share occupied by leading players. The companies are implementing strategic activities such as acquisition and mergers along with collaboration with companies in other industries to help them in improving sustenance and maintaining their competitive advantages.
Some of the key players profiled in the report are Marelli Corporation (Japan), Continental AG (Germany), Phinia Inc. (United States), by MAHLE GmbH (Germany), Denso Europe (Netherlands), Hanon Systems (South Korea), Calsonic Kansei Corporation (Japan), HELLA (Germany), Toyota industries corporation (Japan), Valeo S.A. (France), MITSUBISHI HEAVY INDUSTRIES, LTD. (Japan), Robert Bosch GmbH (Germany), Sanden Corporation (Japan), SCHOTT AG (Germany), BorgWarner Inc. (United States), Panasonic Corporation (Japan), Vibracoustic (Germany), Sprintex Limited (Australia) and ZF Friedrichshafen AG (Germany). Considering Market by Types, the sub-segment i.e. Electric Air Conditioning Compressor will boost the Automotive E-Compressor market. Considering Market by Vehicle Type, the sub-segment i.e. Passenger Vehicles will boost the Automotive E-Compressor market. Considering Market by Component, the sub-segment i.e. Compressor Unit will boost the Automotive E-Compressor market.
Latest Market Insights:
In April 2023, ZF’s Commercial Vehicle Solutions and Liebherr Group’s Aerospace & Transportation product segment announced a partnership with introduces a a new high-speed electric air compressor for fuel cells. The partnership will develop advanced fuel cell air compressor systems for their respective customer bases.
In October 2022, Sprintex Limited, the international developer, manufacturer, and distributor of the Sprintex has launched new high-speed eCompressors with applications for hydrogen fuel cells, e-boosting of internal combustion engines and industrial applications. and In December 2020 Vibracoustic, a global leader in automotive NVH (noise, vibration and harshness) solutions, has launched an innovative new decoupling system for eCompressors fitted to modern battery-electric and plug-in hybrid vehicles. The new solution solves many of the NVH challenges faced by automotive engineers in balancing thermal management with excessive noise and vibration from highly loaded eCompressors.
What Can be Explored with the Automotive E-Compressor Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Automotive E-Compressor Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Automotive E-Compressor
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Automotive E-Compressor market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Automotive E-Compressor market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Supplier, Manufacturer, Research organization, Government Regulatory, End-User Industry and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.