Global Automotive E Compressor Market Insights Forecasts to 2033

• The Global Automotive E Compressor Market Size was Valued at USD 3.142 Billion in 2023.
• The Market Size is Growing at a CAGR of 30.10% from 2023 to 2033.
• The Worldwide Automotive E Compressor Market Size is Expected to Reach USD 43.64 Billion by 2033.
• Europe is expected to Grow the fastest during the forecast period.

The Global Automotive E Compressor Market Size is Anticipated to Exceed USD 43.64 Billion by 2033, Growing at a CAGR of 30.10% from 2023 to 2033.

Market Overview

An automotive e-compressor, also called an electric compressor or an electrically driven compressor, is a device that uses an electric motor to compress refrigerant gases in a vehicle's air conditioning system. It works independently of the engine, providing effective cooling and climate control for both traditional internal combustion engine vehicles and electric vehicles. Electric compressors or automotive E-compressors are widely used in the vehicle industry. These industries use automotive E-compressors in vehicles to help the HVAC system operate and provide passengers with a comfortable environment. E-compressors are very useful for reducing vehicle emissions and engine workload because they are powered by a separate electric motor. Another important feature of the E-compressor is its low carryover oil, which helps the vehicle's engine clean the cabin air. It also simplifies the installation process and allows for a faster engine. Furthermore, the automotive E-compressor market is expanding rapidly due to increased demand for electric vehicles (EVs) and the need for advanced automotive air conditioning systems. E-compressors play an important role in the efficient operation of electric vehicles by providing air conditioning and cooling functions. These compressors are powered by electricity, eliminating the need for traditional engine-driven compressors while lowering emissions.

Report Coverage

This research report categorizes the market for the global automotive E compressor market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global Automotive E compressor market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global automotive E compressor market.

Driving Factors

The growing consumer preference for electric vehicles, driven by environmental concerns and government incentives, is a significant driver of the automotive e-compressor market. E-compressors are critical components in EVs, providing efficient cooling without relying on the engine. Stringent emission regulations imposed by governments around the world are encouraging automakers to use electric-powered compressors to reduce vehicle emissions. E-compressors provide efficient cooling and climate control while minimizing environmental impact. Furthermore, the automotive air conditioning market is growing due to increased demand for comfort and luxury features in vehicles, such as efficient air conditioning systems. E-compressors play an important role in providing superior cooling performance, which drives up demand.

Restraining Factors

The initial cost of installing e-compressors in vehicles is relatively high when compared to traditional engine-driven compressors. This factor can stymie their adoption, particularly in price-sensitive markets where cost is a major consideration in purchasing decisions. Also, electric vehicle market growth is dependent on the availability of a reliable charging infrastructure. The scarcity of charging stations can limit the adoption of electric vehicles, indirectly affecting demand for e-compressors.

Market Segmentation

The global automotive E compressor market share is classified into product, vehicle type, and drivetrain.

• The scroll segment is expected to hold the largest share of the global automotive E compressor market during the forecast period.     

Based on the product, the global automotive E compressor market is categorized into scroll, screw, swash, wobble, and others. Among these, the scroll segment is expected to hold the largest share of the global automotive E compressor market during the forecast period. Automotive E compressor machines are made of two spiral-shaped scroll elements that are bolted together. They have a stationary scroll and an orbiting scroll powered by a motor. The discharge port determines the amount of internal compression, just as it does in a screw compressor. The discharge port's unique design allows the scroll air compressor to compress more air or gas while using less power. Compared to other compressors, scroll compressor machines have the highest volume efficiency. This occurs because there are no pistons to compress the gas. The scroll air compressor's scroll element ensures smooth and vibration-free operation. It has almost no torque variation when compared to a piston compressor.

• The passenger cars segment is expected to grow at the fastest CAGR during the forecast period.  

Based on the vehicle type, the global automotive E compressor market is categorized into passenger cars and commercial vehicles. Among these, the passenger cars segment is expected to grow at the fastest CAGR during the forecast period. In passenger cars, e-compressors are critical in maintaining optimal cabin temperatures, resulting in a comfortable and enjoyable driving experience. As more people opt for electric and hybrid passenger vehicles, the demand for efficient and compact e-compressor systems grows. Manufacturers in this segment prioritize innovations in variable-speed technologies and smart integration to meet the changing preferences of modern car buyers, thereby contributing to the overall growth of the passenger car segment within the automotive e-compressor market.

• The BEV segment is expected to hold the largest share of the global automotive E compressor market during the forecast period.     

Based on the drivetrain, the global automotive E compressor market is categorized into BEV, HEV, and PHEV. Among these, the BEV segment is expected to hold the largest share of the global automotive E compressor market during the forecast period. EVs differ from most other automobiles in that they lack internal combustion engines. They operate entirely on battery power rather than fuel, and customers can charge them at their leisure. Rising fuel consumption, rising gas prices, and increased awareness of environmental impact are some of the factors driving BEV adoption.  

Regional Segment Analysis of the Global Automotive E Compressor Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the global automotive E compressor market over the predicted timeframe.

North America is projected to hold the largest share of the global automotive E compressor market over the forecast period. Consumer interest in electric vehicles has increased in the United States and Canada, resulting in a growing demand for efficient thermal management systems. Government incentives and environmental regulations that favor clean energy solutions help to drive market growth. Collaborations between automotive manufacturers and technology providers in the region are also driving innovation in e-compressor technologies. North America, with its well-established automotive industry infrastructure and a consumer base open to technological advancements, is a key player in shaping the future of the automotive e-compressor market.

Europe is expected to grow at the fastest CAGR growth of the global automotive E compressor market during the forecast period. Europe leads the global automotive e-compressor market, driven by stringent emission standards, strong government support for electric mobility, and a proactive approach to sustainability. Countries such as Germany, France, and the United Kingdom are seeing an increase in the adoption of electric vehicles, which is driving demand for advanced thermal management systems. European automakers are actively investing in R&D to improve e-compressor technologies, with a focus on achieving maximum efficiency while addressing the unique challenges of the European climate.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global automotive E compressor market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Denso Corporation
• Hanon Systems
• Sanden Holdings Corporation
• Valeo S.A.
• MAHLE GmbH
• Panasonic Corporation
• Delphi Technologies
• Calsonic Kansei Corporation
• Mitsubishi Heavy Industries, Ltd.
• Subros Limited
• Robert Bosch GmbH
• Sanden Corporation
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In September 2023, Brose, an automotive supplier, unveiled a powerful 800-volt climate compressor that allows for rapid charging in less than 30 minutes. As a pioneer, Brose introduced this high-voltage variant in China, establishing a new standard in thermal management. This electric climate compressor is extremely efficient, thanks to advanced power electronics that allow for rapid vehicle battery charging.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global automotive E compressor market based on the below-mentioned segments:

Global Automotive E Compressor Market, By Product

• Scroll
• Screw
• Swash
• Wobble
• Others

Global Automotive E Compressor Market, By Vehicle Type

• Passenger Cars
• Commercial Vehicles

Global Automotive E Compressor Market, By Drivetrain

• BEV
• HEV
• PHEV

Global Automotive E Compressor Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa