Global Automotive Electric HVAC Compressor Market (2021 to 2028)

DUBLIN, July 29, 2021 /PRNewswire/ — The “Automotive Electric HVAC Compressor Market Size, Share and Trends Analysis Report by Refrigeration Capacity (less than 20 CC, 20-40 CC, 40-60 CC), by Vehicle Type, by Powertrain, by Region and Segment Forecasts, 2021-2028” report has been added to ResearchAndMarkets.com’s to offer.

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The global automotive electrical HVAC compressor market size is expected to reach: USD 38.31 billion by 2028, with a CAGR of 20.7% from 2021 to 2028. An electric compressor offers several advantages over a conventional compressor, such as lower energy consumption, compact size, controlled speed and silent operation. In addition, unlike a conventional compressor, which is driven by a belt, an electric compressor is independent of the vehicle’s engine. An electric compressor gets its energy from a separate electric motor, which is driven by an inverter. Such an arrangement ensures that the cooling operation of the vehicle continues even when the vehicle is turned off. The electric compressor also requires less power to drive as a result of this arrangement, leaving the vehicle’s performance unaffected and ensuring cleaner operations thanks to the low oil transfer.

The function of an electric compressor in an electric vehicle is much more important than that of a conventional compressor in an ICE vehicle. In an electric vehicle, the compressor is responsible for cooling both the entire cabin and the battery pack. An electric compressor protects the battery against overheating and thus the vehicle against failure. Therefore, an electric HVAC compressor serves as an essential component to the overall operation of an electric vehicle. Rising fuel prices coupled with growing awareness of environmental protection has led to the adoption of electric vehicles and subsequently the demand for electric HVAC compressors.

However, the high initial and maintenance costs of electric HVAC compressors are expected to slow the growth of the market. The installation of electric HVAC compressors involves heavy electrical wiring, which increases the overall cost of the system. Repairs and maintenance of electric compressors is also a complex task requiring a high level of expertise, increasing the overall cost. In addition, the demand for electric compressors is completely dependent on the demand for electric vehicles. However, electric vehicle sales are already facing a double blow from the fear of higher price and range associated with electric vehicles. Nevertheless, technological advancements, the subsequent launch of new products and the ongoing installation of electric chargers and charging stations are expected to encourage consumers to opt for electric vehicles, which will increase the demand for electric HVAC compressors over the forecast period.

Highlights of the Automotive Electric HVAC Compressor Market Report:

  • The 20-40 CC segment dominated the market in 2020 with a revenue share of 48.3% and is expected to continue to lead during the forecast period. The growth can be attributed to the fact that compressors with a cooling capacity of 20-40 CC are usually installed in small and medium-sized vehicles, which have a high acceptance rate

  • The passenger car segment is expected to register the highest CAGR of over 20% over the forecast period. The growth can be attributed to the increasing adoption of electric passenger cars for personal use, as well as by businesses and government and defense agencies

  • The battery electric vehicle segment is expected to register the highest CAGR during the forecast period. The growth can be attributed to the increasing demand for electric vehicles in line with the ongoing roll-out of charging infrastructure and the rapid availability of skilled technicians to service electric vehicles

  • The Asia-Pacific The regional market is expected to grow at a significant rate over the forecast period, in line with the increasing adoption of electric vehicles around the world China and other developing countries in the Asia-Pacific region

Main topics covered:

Chapter 1. Methodology and scope

Chapter 2. Summary

Chapter 3. Automotive Electric HVAC Compressor Industry Outlook
3.1. Market share
3.2. Market size and growth prospects, 2017 – 2028
3.3. Value Chain Analysis
3.4. Market dynamics
3.4.1. Market Factor Analysis
3.4.2. Market Restriction/Challenge Analysis
3.4.3. Market Opportunity Analysis
3.5. Top Opportunities Prioritized
3.6. Sector Analysis – Porter’s
3.6.1. Supplier Power
3.6.2. Buyer Power:
3.6.3. Substitution Threat
3.6.4. Threat of newcomer
3.7. PEST analysis
3.7.1. political landscape
3.7.2. Environmental landscape
3.7.3. Social landscape
3.7.4. Technology landscape

Chapter 4. Automotive Electric HVAC Compressor Market: Cooling Capacity Outlook
4.1. Market Share by Cooling Capacity, 2020 and 2028 (USD Million)
4.2. Less than 20 CC
4.2.1. Market estimates and forecast, 2017 – 2028 (USD million)
4.2.2. Market Estimates and Forecast by Region, 2017 – 2028 (USD Million)
4.3. 20-40 CC
4.3.1. Market estimates and forecast, 2017 – 2028 (USD million)
4.3.2. Market Estimates and Forecast by Region, 2017 – 2028 (USD Million)
4.4. 40-60 CC
4.4.1. Market estimates and forecast, 2017 – 2028 (USD million)
4.4.2. Market Estimates and Forecast by Region, 2017 – 2028 (USD Million)
4.5. More than 60 CC
4.5.1. Market estimates and forecast, 2017 – 2028 (USD million)
4.5.2. Market Estimates and Forecast by Region, 2017 – 2028 (USD Million)

Chapter 5. Automotive Electric HVAC Compressor Market: Vehicle Type Prospects
5.1. Market Share by Vehicle Type, 2020 and 2028 (USD Million)
5.2. Passenger car
5.2.1. Market estimates and forecast, 2017 – 2028 (USD million)
5.2.2. Market Estimates and Forecast by Region, 2017 – 2028 (USD Million)
5.3. company car
5.3.1. Market estimates and forecast, 2017 – 2028 (USD million)
5.3.2. Market Estimates and Forecast by Region, 2017 – 2028 (USD Million)
5.4. HCV
5.4.1. Market estimates and forecast, 2017 – 2028 (USD million)
5.4.2. Market Estimates and Forecast by Region, 2017 – 2028 (USD Million)
5.5. Buses & Coaches
5.5.1. Market estimates and forecast, 2017 – 2028 (USD million)
5.5.2. Market Estimates and Forecast by Region, 2017 – 2028 (USD Million)

Chapter 6. Automotive Electric HVAC Compressor Market: Powertrain Prospects
6.1. Market Share by Powertrain, 2020 & 2028 (USD Million)
6.2. PHEV
6.2.1. Market estimates and forecast, 2017 – 2028 (USD million)
6.2.2. Market Estimates and Forecast by Region, 2017 – 2028 (USD Million)
6.3. BEV
6.3.1. Market estimates and forecasts, 2017 – 2028 (USD million)
6.3.2. Market Estimates and Forecasts, by Region, 2017 – 2028 (USD Million)
6.4. HEV
6.4.1. Market estimates and forecasts, 2017 – 2028 (USD million)
6.4.2. Market Estimates and Forecasts, by Region, 2017 – 2028 (USD Million)

Chapter 7. Automotive Electric HVAC Compressor Market: Regional Outlook

Chapter 8. Competitive Landscape
8.1. Brose Vehicle Parts SE & Co. KG
8.1.1. Corporate overview
8.1.2. Financial performance
8.1.3. Product Benchmarking
8.1.4. Strategic initiatives
8.2. Borg Warner, inc.
8.2.1. Corporate overview
8.2.2. Financial performance
8.2.3. Product Benchmarking
8.2.4. Strategic initiatives
8.3 Denso Corporation
8.3.1. Corporate overview
8.3.2. Financial performance
8.3.3. Product Benchmarking
8.3.4. Strategic initiatives
8.4. Hanon Systems
8.4.1. Corporate overview
8.4.2. Financial performance
8.4.3. Product Benchmarking
8.4.4. Strategic initiatives
8.5. MAHLE GmbH
8.5.1. Corporate overview
8.5.2. Financial performance
8.5.3. Product Benchmarking
8.5.4. Strategic initiatives
8.6. Sanden Holdings Corporation
8.6.1. Corporate overview
8.6.2. Financial performance
8.6.3. Product Benchmarking
8.6.4. Strategic initiatives
8.7. Toyota Industries Corporation
8.7.1. Corporate overview
8.7.2. Financial performance
8.7.3. Product Benchmarking
8.7.4. Strategic initiatives
8.8. Valeo SA
8.8.1. Corporate overview
8.8.2. Financial performance
8.8.3. Product Benchmarking
8.8.4. Strategic initiatives
8.9. Very Marelli Holdings Co., Ltd.
8.9.1. Corporate overview
8.9.2. Financial performance
8.9.3. Product Benchmarking
8.9.4. Strategic initiatives

For more information about this report, visit https://www.researchandmarkets.com/r/ccy3zv

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