Global automotive electric HVAC compressor market size to
Selbyville, Delaware, July 28, 2021 (GLOBE NEWSWIRE) — According to experts, worldwide marketplace for automotive electric HVAC compressors was worth $9.36 billion in 2020 and is expected to multiply at a CAGR of 20.7% over 2021-2027, then reach a valuation of $34.93 billion at the end of the review period. This growth can be attributed to the growing adoption of electric vehicles (EVs), the increasing presence of car players and increasing car production.
The document provides conclusive data for each submarket in terms of size, stocks, growth rate and input to overall market development. Moving on, it sheds light on the competitive hierarchy of the market, highlighting the corresponding company profiles of the key players/suppliers. It also details the winning strategies adopted by well-known companies to help stakeholders formulate action plans that will deliver high returns for years to come.
Electric compressors, in particular, come with a built-in motor that continues to operate even when the vehicle’s engine is turned off, resulting in better fuel economy and continuous use of the air conditioning to maintain a comfortable cabin temperature.
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The production of air-conditioned cars is inextricably linked to the use of AC compressors. Most passenger cars are equipped with air conditioning, which provides a pleasant, comfortable environment in the vehicle.
Customers prefer air-conditioned vehicles when purchasing them for personal use. Passenger cars make up a larger proportion of the total number of cars used for personal purposes. In fact, in 2017, the vertical passenger car led the demand in the AC compressor market.
With the widespread adoption of electric compressors by electric vehicle OEMs due to multifunctional features and lower energy consumption, the global expansion of the automotive electric HVAC compressor industry is predicted to accelerate in the coming years.
On the other hand, increasing global warming resulting from rising vehicle emissions is expected to negatively impact the industry’s compensation over the forecast period.
Geographical terrain overview
Expert analysts cite that Asia-Pacific held a significant share of the global automotive electric HVAC compressor market in 2020, thanks to strong EV reception in China and a significant number of electric blower deals in the same year. Continued improvement of the charging and transportation infrastructure for EVs in non-industrial countries is expected to boost electric vehicle sales, thereby increasing the demand for electric compressors in the region. In addition, the growing focus of major EV manufacturers, such as South Korea and Japan, on R&D activities will bode well for the development of the regional market over the analysis period.
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Global Automotive Electric HVAC Compressor Market by Cooling Capacity (Value, Billion USD, 2018-2027)
- 40-60 CC
- 20-40 CC
- Less than 20 CC
Global Automotive Electric HVAC Compressor Market by Drive Type (Value, USD Billion, 2018-2027):
- Conventional (belt driven)
Global Automotive Electric HVAC Compressor Market Regional Split (Value, USD Billion, 2018-2027)
- South Korea
- Rest of Asia-Pacific
- Rest of Europe
Rest of the world
Global Automotive Electric HVAC Compressor Market Prominent Players (Value, Billion USD, 2018-2027)
- Continental AG
- Robert Bosch GMBH
- Shanghai Highly (Group) Co.,Ltd Ltd.
- Valeo SA
- Very Marelli Holdings Co. Ltd.
- Toyota Industries Corporation
- Sanden Holdings Corporation
- Mahle GmbH
- Hanon Systems
- Denso Corporation
Table of contents:
Chapter 1. Summary
1.1. Market snapshot
1.2. Global and Segmented Market Estimates and Forecasts, 2019-2027 (USD Billion)
1.2.1. Automotive Electric HVAC Compressor Market, by Region, 2019-2027 (USD Billion)
1.2.2. Automotive Electric HVAC Compressor Market, By Refrigeration Capacity, 2019-2027 (USD Billion)
1.2.3. Automotive Electric HVAC Compressor Market, by Drive Type, 2019-2027 (USD Billion)
1.3. Main trends
1.4. Estimation methodology
1.5. Research assumption
Chapter 2. Global Automotive Electric HVAC Compressors Market Definition and Scope
2.1. Purpose of the study
2.2. Market definition and scope
2.2.1. Scope of the study
2.2.2. Industry evolution
2.3. Years considered for the study
2.4. exchange rates
Chapter 3. Global Automotive Electric HVAC Compressors Market Dynamics
3.1. Market Impact Analysis of Automotive Electric HVAC Compressors (2019-2027)
3.1.1. Market factors
188.8.131.52. Increasing car production and presence of car players.
184.108.40.206. The increasing adoption of EVs
3.1.2. Market Challenges
220.127.116.11. Longer life and easy to repair.
3.1.3. Market opportunities
18.104.22.168. Multifunctional Features
22.214.171.124. Lower energy consumption
Chapter 4. Global Automotive Electric HVAC Compressor Market Industry Analysis
4.1. Porter’s 5 Forces Model
4.1.1. Negotiating power of suppliers
4.1.2. Negotiating power of buyers
4.1.3. Threat of new entrants
4.1.4. Threat of substitutes
4.1.5. Competitive Battle
4.1.6. Futuristic Approach to Porter’s 5 Forces Model (2018-2027)
4.2. PEST analysis
4.3. Investment Adoption Model
4.4. Analyst Recommendation and Conclusion
Chapter 5. Global Automotive Electric HVAC Compressor Market, by Refrigeration Capacity
5.1. Market snapshot
5.2. Global Automotive Electric HVAC Compressor Market by Refrigeration Capacity, Performance – Potential Analysis:
5.3. Global Automotive Electric HVAC Compressor Market Estimates and Forecasts by Refrigeration Capacity 2018-2027 (USD Billion)
5.4. Automotive Electric HVAC Compressor Market Segment Analysis:
5.4.1. Less than 20 CC,
5.4.3. 40-60 CC
Chapter 6. Global Automotive Electric HVAC Compressor Market, by Drive Type:
6.1. Market snapshot
6.2. Global Automotive Electric HVAC Compressor Market Segment by Drive Type, Performance – Potential Analysis:
6.3. Global Automotive Electric HVAC Compressor Market Estimates and Forecasts by Drive Type 2018-2027 (USD Billion)
6.4. Automotive Electric HVAC Compressor Market Segment Analysis:
6.4.2. Conventional (belt driven)
Chapter 7. Global Automotive Electric HVAC Compressor Market, Regional Analysis
Automotive HVAC market size, application development potential, price trend, competitive market share and forecast, 2020 – 2025
global Automotive HVAC Market: The size is expected to exceed $25 billion by 2025. Automatic HVAC systems are in high demand for passenger cars, as these systems can monitor numerous parameters of the cabin air, such as humidity and temperature set by the driver or system specifications. These systems minimize the supply of fresh air by recirculating air back to the cab through the air conditioner. The fuel consumption of an HVAC system can be up to three liters per hundred kilometers, depending on driving cycles and climatic conditions. Automatic HVAC systems have been registered to reduce fuel consumption by 35%, fueling the growth of the automotive HVAC market.
Continuous R&D investments by companies involved in the automotive HVAC market have resulted in the development of environmentally friendly systems. Compressors require a high power to operate, up to a thousand watts. Efforts are focused on reducing energy consumption and running time to improve compressor efficiency, thus amplifying technological innovations in the automotive HVAC market. In addition, measures have been proposed such as replacing the mechanical expansion valve with an electrochemical valve controlled by a linear stepper motor and lowering the temperature of the airflow passing over the evaporator to achieve better control over the refrigerant flow. This is expected to contribute to the growth of the automotive HVAC market.
Air Compressor market size, industry analysis report, regional outlook, application potential, price trends, competitive market share and forecast, 2021 – 2027
The air compressor market: is expected to experience significant growth by 2027, primarily driven by increasing demand for products in various end-use industries. In addition, the increasing focus of manufacturers on product development through the integration of advanced technologies will also drive market demand over the forecast period. The outbreak of COVID-19 had a huge impact on the global healthcare infrastructure and created an unprecedented demand for all kinds of equipment needed for medical procedures. The widespread need for high-quality, medical-grade compressed air to perform various processes such as decontamination and decontamination has increased its market acceptance around the world.
In addition, industry players have expanded their offerings to provide products that meet consumer demands, which has improved the product landscape. For example, in June 2021 BendPak, a manufacturer of commercial elevators, introduced its complete line of air compressors – the Patriot series. The new range includes efficient and industrial air compressors for home garages or shops and comes with different power options to meet customer requirements.
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