Automotive E-Compressor Market Size Worth US$ 16.83 Billion by 2032 | CAGR: 12.4%

The automotive e-compressor market size is expected to reach USD 16.83 billion by 2032, according to a new study by Polaris Market Research. The report “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, 2023–2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The rising preference for electric vehicles (EVs) over traditional oil-filled vehicles boosts their production, thereby pushing the demand for automotive components, such as e-compressors, in the manufacturing procedures. As per the 2023 edition of the Global EV Outlook by the International Energy Agency, electric car sales increased by 3.5 million in 2023 when compare with the sales in 2022, accounting for 35% growth annually. Thus, the rising demand for EVs drives the automotive e-compressor market growth. Additionally, the prevalent use of automotive e-compressors in conventional internal combustion engines, hybrid vehicles, and e-mobility systems is anticipated to create significant demand over the next few years.

The ability of e-compressors to deliver efficient cooling independent of the engine is expected to drive substantial demand for automotive e-compressors over the forecast period. The ongoing efforts by market players to enhance product innovations and research activities positively influence the global automotive e-compressor market. In April 2024, Magnachip announced the expansion of its Extensive Automotive Product line with the launch of “40V MXT MV MOSFET”. It is offering 13 IGBT and MOSFET products.

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The growing demand for automotive e-compressors, driven by rising automobile manufacturing, boosts production activities among the key players. In January 2024, Hanon Systems announced that it had produced 500,000 carbon dioxide compressors for EV heat pumps at its manufacturing facility in Portugal. Furthermore, the increasing demand for cooling systems in commercial vehicles and growing concerns about carbon emissions facilitate significant demand for automotive e-compressors. Vehicles integrate e-compressors to promote heat in winter for passenger safety and battery life while limiting heat in summer.

Automotive E-Compressor Market Report Highlights

• Based on compressor type, the scroll compressors segment is anticipated to witness the highest growth rate during the forecast period, due to its adaptability and smooth operation.
• The light commercial vehicle segment, by vehicle type, accounted for the largest market share in 2023, owing to the growing demand for faster delivery of goods.
• In terms of capacity, the small segment is projected to experience the largest revenue share in 2023 due to the growing efforts to innovate compact automotive.
• North America is projected to register the highest growth during the forecast period, attributable to the rising consumption of electric and hybrid vehicles.
• Brose Fahrzeugteile, Calsonic Kansei, Continental, Delphi, Denso Corporation, Hanon Systems, and Mitsubishi Heavy Industries are among the global market players.

Polaris Market Research has segmented the automotive e-compressor market report on the basis of compressor type, vehicle type, capacity, propulsion type, technology, and region:

By Compressor Type Outlook (Revenue – USD billion, 2019–2032)

• Scroll Compressors
• Rotary Compressors
• Centrifugal Compressors
• Reciprocating Compressors
• Axial Compressors

By Vehicle Type Outlook (Revenue – USD billion, 2019–2032)

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles

By Capacity Outlook (Revenue – USD billion, 2019–2032)

• Small
• Medium
• Large

By Propulsion Type Outlook (Revenue – USD billion, 2019–2032)

• Battery Electric Vehicle (BEV)
• Plug-in Hybrid Vehicle (PHEV)
• Fuel-cell Electric Vehicle (FCEV)
• Hybrid Electric Vehicle (HEV)

By Regional Outlook (Revenue – USD billion, 2019–2032)

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Automotive E-Compressor Market Report Scope