Automotive E-Compressor Market Size, Share, Trends, Industry Analysis Report – By Compressor Type (Scroll Compressors, Rotary Compressors, Centrifugal Compressors, Reciprocating Compressors, and Axial Compressors), By Vehicle Type, By Capacity, By Propulsion Type, By Technology, and By Region; Segment Forecast, 2024–2032
- Published Date:Sep-2024
- Pages: 116
- Format: PDF
- Report ID: PM5054
- Base Year: 2023
- Historical Data: 2019-2022
Market Outlook
The automotive e-compressor market size was valued at USD 5.90 billion in 2023. The market is anticipated to grow from USD 6.62 billion in 2024 to USD 16.83 billion by 2032, exhibiting a CAGR of 12.4% during 2024–2032.
Market Overview
An automotive e-compressor is an electrically driven compressor used in vehicles to manage and optimize air conditioning and ventilation systems. The rising use of vehicles driven by the increasing working population drives the demand for vehicle production, which propels the automotive e-compressor market growth. Additionally, the growing number of companies stepping forward to innovate e-compressors with effective features will facilitate new growth potential in the next few years. The ongoing company's efforts to enhance research and development activities and produce highly performing, zero-emission commercial vehicles are anticipated to boost the market growth during the forecast period. In June 2023, Garrett Motion announced its plan to assist BMW Group in developing emission-free hydrogen fuel cell automotive with the integration of its effective e-fuel cell compressor designed by Garrett’s research and development team.
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The increasing government support to boost e-mobility to reduce greenhouse gas emissions propels the demand for sustainable automobiles, thereby fueling the automotive e-compressor market growth. Moreover, rising requirement to control carbon dioxide emissions and cool the engine in summer and winter drive their adoption of automotive e-compressor in the coming years.
Growth Drivers
Rising Innovations in the Automotive Sector Drives the Market Growth
The automotive industry is experiencing significant growth due to the emergence of innovative technologies. There is a notable shift towards sustainable and energy-efficient solutions, leading to a surge in demand for automotive e-compressors. These electric compressors, which replace traditional engine-driven models, are known for enhancing fuel efficiency and optimizing climate control systems in vehicles. They are particularly prevalent in electric and hybrid vehicles, where they play a crucial role in improving energy management and extending vehicle range. Moreover, advancements in e-compressor technology are facilitating the development of more advanced thermal management systems and enhancing overall vehicle performance. This trend towards innovation and efficiency is driving the growth of the automotive e-compressor market, aligning with the broader transformation of the automotive industry towards greener and more efficient solutions.
Increasing Adoption of EVs Drives Market Growth
The increasing adoption of electric vehicles (EVs) is driving demand for automotive e-compressor. For instance, according to the International Energy Agency, in 2023, electric car sales reached 14 million, in which China, US, and Europe accounted for 95% of the total sales. Thus, the global automotive industry rapidly transitions towards electric mobility, the demand for e-compressors is rising over the forecast period.
Restraining Factors
High Production Complexity Impedes Market Growth
High production complexity is a significant impediment to the growth of the automotive e-compressor market. The development and manufacturing of e-compressors involve sophisticated engineering, advanced materials, and precise assembly processes, all of which contribute to increased production costs and extended lead times. Additionally, the need to meet stringent performance standards, particularly in electric and hybrid vehicles, further complicates the production process.
Report Segmentation
The automotive e-compressor market is primarily segmented on the basis of compressor type, vehicle type, capacity, propulsion type, technology type, and region.
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By Compressor Type |
By Vehicle Type |
By Capacity |
By Propulsion Type |
By Region |
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By Compressor Type Analysis
Scroll Compressors Segment to Witness Highest Growth During Forecast Period
The scroll compressor segment is projected to register the highest CAGR in the automotive e-compressor market during the forecast period, mainly driven by its smooth operation and lower noise. The effective performance and lightweight promote the adoption of these e-compressors in the market. The increasing number of companies focusing on developing speedy and versatile automotive, driven by their potential to adjust to vehicle needs, is projected to drive the market growth for the segment in the coming years.
By Vehicle Type Analysis
Light Commercial Vehicle Segment Accounted for Largest Market Share in 2023
The light commercial vehicles segment held the largest share of the automotive e-compressor market in 2023. Light commercial vehicles, often used for urban delivery and logistics, require reliable and efficient climate control systems to maintain optimal performance and driver comfort. The adoption of e-compressors in these vehicles has been driven by their ability to enhance fuel efficiency and reduce emissions, aligning with the broader industry shift towards sustainability and regulatory compliance, thereby securing the segment's leading position in the market.
By Capacity Analysis
Small Segment Held Significant Market Revenue Share in 2023
The small capacity segment accounted for the largest revenue share in the automotive e-compressor market due to its widespread application in compact and mid-sized vehicles, where efficiency and space-saving designs are crucial. These e-compressors are favored for their ability to deliver optimal cooling performance while consuming less power, making them ideal for electric and hybrid vehicles, which prioritize energy efficiency. Thus, the small capacity e-compressor segment accounted for the largest revenue share.
Global Automotive E-Compressor Market, Segmental Coverage, 2019 - 2032 (USD billion)
Source: Secondary Research, Primary Research, PMR Database and Analyst Review
Regional Insights
Asia Pacific Held Largest Share of Global Market in 2023
Asia Pacific held the dominant share in the global automotive e-compressor market. The significant share is mainly attributed to the growing passenger interest in sustainable transportation options and rising efforts to promote vehicle performance. For instance, in 2023, according to the International Energy Agency, China registered 8.1 million new electric car registrations, a 35% rise compared to 2022. Furthermore, the country exported around 4 million cars in 2023, of which 1.2 million were electric. The growing establishment of automotive producers in Asia Pacific and the rising disposable income of consumers drive the regional market growth. Additionally, as more logistics firms and consumers show interest in purchasing eco-friendly vehicles, there will be a huge demand for e-compressors across Asia Pacific in the coming years.
The North America automotive e-compressor market is expected to grow rapidly during the forecast period due to the rising demand for air conditioning systems in automotive, driven by increasing consumption and production of electric and hybrid vehicles. The US witnessed 1.4 million new electric car registrations in 2023, a growth of 40% compared to the registrations in 2022. Furthermore, advancements in automotive technology, coupled with significant investments in EV infrastructure and the region's focus on energy efficiency, are further fueling demand for e-compressors. The region's robust automotive industry and growing consumer preference for eco-friendly vehicles is contributing to the market growth.
Global Automotive E-Compressor Market, Regional Coverage, 2019 - 2032 (USD billion)
Source: Secondary Research, Primary Research, PMR Database and Analyst Review
Key Market Players and Competitive Insights
Strategic Acquisitions to Drive Competition
The automotive e-compressor market is a mix of consolidation and fragmentation. Major firms are investing in partnerships, collaborations, and acquisitions to enhance their design and manufacturing abilities and promote their customer base. For instance, in December 2022, BorgWarner completed the acquisition of DriveTek, a Switzerland-based engineering company, for USD 38.5 million.
Major Players Operating in Global Market
- Calsonic Kansei Corporation
- Continental AG
- Delphi Plc (UK)
- Denso Corporation
- Hanon Systems
- MAHLE GmbH
- Mitsubishi Heavy Industries Ltd.
- Panasonic Corporation
- Robert Bosch GmbH
- Sanden Corporation
- SCHOTT AG
- Toyota Industries Corporation
Recent Developments in Industry
- In March 2023, Garrett Motion announced the launch of compact and affordable electric fuel cell compressors. It utilized electric turbocharger technology to plunge moisturized air through the membranes of the fuel cell.
- In April 2023, ZF’s Commercial Vehicle Solutions announced the launch of its high-speed electric air compressor, which was developed in partnership with the Liebherr Group for fuel cells.
- In January 2024, Tata AutoComp Systems announced that it is developing high-voltage EV components for the American and European markets with the rising adoption of high-performing EVs.
Report Coverage
The automotive e-compressor market report emphasizes key regions across the globe to provide a better understanding of the product to the users. Also, the report provides market insights into recent developments and trends and analyzes the technologies that are gaining traction around the globe. Furthermore, the report covers an in-depth qualitative analysis pertaining to various paradigm shifts associated with the transformation of these solutions.
The report provides a detailed analysis of the market while focusing on various key aspects such as competitive analysis, compressor type, vehicle type, capacity, propulsion type, technology type, and their futuristic growth opportunities.
Automotive E-Compressor Market Report Scope
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Report Attributes |
Details |
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Market Size Value in 2024 |
USD 6.62 billion |
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Revenue Forecast in 2032 |
USD 16.83 billion |
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CAGR |
12.4% from 2024 to 2032 |
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Base Year |
2023 |
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Historical Data |
2019–2022 |
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Forecast Period |
2024–2032 |
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Quantitative Units |
Revenue in USD million and CAGR from 2024 to 2032 |
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Segments Covered |
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Regional Scope |
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Competitive Landscape |
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Report Format |
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Customization |
Report customization as per your requirements with respect to countries, regions, and segmentation. |
FAQ's
The global automotive e-compressor market size was valued at USD 5.90 billion in 2023 and is projected to grow to USD 16.83 billion by 2032.
The global market is projected to grow at a CAGR of 12.4% during the forecast period.
Asia Pacific had the largest share in the global market due to the growing passenger interest in sustainable transportation.
The key players in the market are Brose Fahrzeugteile, Calsonic Kansei, Continental, Delphi, Denso Corporation, Hanon Systems, and Mitsubishi Heavy Industries.
The light commercial vehicle category dominated the market in 2023 due to its reliable and efficient climate control systems.
The scroll compressor category had the fastest share due to its smooth operation and lower noise.
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