Automotive E-Compressor Market

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Automotive E-Compressor Market by Compressor Type (Scroll, Rotary Screw, Centrifugal, Reciprocating, Axial), Technology (VFD, Fixed Speed), Capacity (Small, Medium, Large), Vehicle Type, Propulsion (BEV, PHEV, HEV & FCEV) - Global Forecast to 2033

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Report Code: AT 9007 Apr, 2024, by marketsandmarkets.com

[232 Pages Report] The automotive e-compressor market is projected to reach USD 18.9 billion by 2033, from an estimated USD 6.6 billion in 2024, at a CAGR of 12.5% during the forecast period. The key factors driving the market are the growing demand for electric cars, stringent emission regulation & heightened environmental concerns, along with the increased awareness about climate control & comfort features.

Automotive E-Compressor Market

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Automotive E-Compressor Market Opportunities

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Market Dynamics

DRIVER: Rising global demand for electric vehicle.

With the growing popularity of electric vehicles, automotive manufacturers are scaling up their production of electric models, leading to an increased demand for e-compressors. These components are critical to the efficient operation of the climate control systems found in electric vehicles. Contrary to traditional ICE vehicles, electric vehicles rely on e-compressors to manage air conditioning and heating functions. As the global automotive industry continues to shift toward electrification, with more automakers investing in EV technology and expanding their product lines, the demand for e-compressors is expected to surge.

RESTRAINT: Lack of sufficient EV charging infrastructure in developing economies

There are limited EV charging stations, particularly in developing countries such as India, Brazil and Mexico. This leads to the lower availability of public EV charging for electric vehicles, thus reducing demand. Although various countries are in the process of installing EV charging infrastructure, most have not been able to install the required number of EV charging stations. The demand for electric vehicles will increase with a well-developed EV charging network. Most countries have yet to develop such charging networks.

OPPORTUNITY:Advancement in e-compressor technology

Advancements in e-compressor technology present significant opportunities for the automotive industry. Improved e-compressor efficiency and faster charging times for electric vehicles lie in the optimization of energy usage within the vehicle’s power system. When an e-compressor operates more efficiently, it consumes less energy to maintain the vehicle’s climate control systems, such as HVAC, thereby maintaining the battery charge for driving range. This enhances convenience for consumers and addresses challenges pertaining to the time required for recharging and range anxiety. Advanced technologies enable the integration of intelligent climate control systems that use sensors and data analytics to adapt to the vehicle’s surroundings. Smart e-compressors can adjust their operation based on ambient temperature, passenger preferences, and real-time traffic conditions, providing a personalized and efficient climate control experience.

CHALLENGES: High initial cost of e-compressors compared to conventional belt-driven compressors

E-compressors, especially those designed for electric vehicles, incorporate electric motors, power electronics, and advanced control systems. These components are often more expensive to manufacture and integrate. They also require specialized engineering and manufacturing processes, driving up production costs. Additionally, e-compressors often utilize premium materials and undergo rigorous testing to ensure reliability and longevity, further contributing to their initial expense.

A major factor driving the cost disparity is the need for power electronics and inverter systems in e-compressors. These components are essential for controlling the electric motor efficiently. Further, the materials used in e-compressors include advanced alloys and high-efficiency magnets, resulting in an increase in overall cost.

Automotive E-Compressor Market Ecosystem.

The automotive e-compressor market have the latest technologies, diversified portfolios, and strong distribution networks globally. The major players in the automotive e-compressor market include DENSO CORPORATION (Japan), Hanon Systems (South Korea), MAHLE GmbH (Germany), VALEO (France), and Sanden Corporation (Japan).

Top Companies in Automotive E-Compressor Market

The Small Capacity Compressor segment, by compressor type, holds the largest market share.

Small e-compressors are primarily used for compact vehicles, mild hybrid systems, and applications where space and power consumption are limited. Compact vehicle designs are largely preferred in densely populated urban areas with limited parking spaces. Manufacturers in this segment are focusing on lightweight and compact designs to optimize space utilization and improve overall vehicle efficiency. The integration of small e-compressors into mild hybrid systems is becoming more prevalent, driving the market demand. Compact cars and subcompact vehicles are major segments fueling the demand for small e-compressors due to their space constraints and the need for efficient cooling solutions.

Innovations such as improved motor efficiency, advanced thermal management systems, and integration with emerging vehicle architectures are further anticipated to drive advancements in this segment. Additionally, collaborations between automotive OEMs and compressor manufacturers to develop custom-tailored solutions for specific vehicle platforms will likely become more common, catering to the diverse needs of the market.

The Light Commercial vehicles are the fastest-growing segment in vehicle type for the automotive e-compressor market.

The surge in demand for light commercial vehicles (LCVs) is influencing the automotive e-compressor market, reflecting a broader trend toward electrification in commercial transportation. LCVs, including vans, pickup trucks, and delivery vehicles, are critical in urban logistics, last-mile delivery, and small-scale transportation operations. As cities worldwide implement strict emissions regulations and environmental initiatives, businesses are increasingly turning to electric LCVs to meet sustainability targets and reduce their carbon footprint.

Electric LCVs offer numerous advantages over their ICE counterparts, with e-compressors playing a pivotal role in enhancing their appeal. These compressors ensure cabin comfort for drivers and passengers while contributing to the overall energy efficiency and environmental friendliness of electric LCVs. As businesses prioritize operational efficiency, cost savings, and sustainability, the demand for e-compressors tailored to the specific needs of electric LCVs continues to rise, driving innovation and investment in the electric vehicle ecosystem.

Asia Pacific is dominating market in the automotive e-compressor market.

Asia Pacific covers China, Japan, South Korea, and India for market analysis. Rapid urbanization and industrialization lead to a surge in automotive production and sales in the region. As Asia Pacific countries experience economic growth and improved living standards, the demand for electric vehicles equipped with climate control systems is increasing. This growing consumer demand, coupled with government initiatives to reduce emissions and promote clean transportation, is fueling the adoption of e-compressors in the region. Asia Pacific is also home to several leading automotive manufacturers & suppliers and has a robust ecosystem of technology companies specializing in electric vehicles. These companies are investing in research and development to innovate and improve e-compressor technologies, driving down costs and enhancing performance.

The governments of emerging economies have further recognized the growth potential of the electric vehicle market and, hence, have taken several initiatives to attract OEMs to manufacture electric vehicles in Asia Pacific. For instance, China, the e-mobility leader in the region, had set a target of over 20% EV sales by 2025, which it had already achieved in 2022. Similarly, South Korea, Japan, and India have announced plans to shift to electric vehicles in the coming years. India plans to have 30% of its passenger car sales to be electric by 2030. South Korea and Japan also aim to be among the world’s top five electric vehicle producers by 2030. These factors will positively impact the Asia Pacific automotive e-compressor market.

Asia Pacific Automotive E-Compressor Market Size, and Share

Key Market Players

The automotive e-compressor market is consolidated with players such as DENSO CORPORATION (Japan), Hanon Systems (South Korea), MAHLE GmbH (Germany), VALEO (France), and Sanden Corporation (Japan). are the key companies operating in the market. These companies adopted new product launches, expansion, contracts and agreements to gain traction in the market.

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Scope of the Report

Report Attribute

Details

Market size available for years

2019–2033

Base year considered

2023

Market Growth forecast 

USD 18.97 Billion by 2033 from USD 6.59 Billion in 2024 at 12.5% CAGR

Forecast period

2024–2033

Forecast units

Value (USD Million/Billion)

Segments Covered

By compressor type, by vehicle type, by capacity, by technology, by propulsion, and by region

Geographies covered

Asia Pacific, North America, Europe, and Middle East and Africa.

Top Players

DENSO CORPORATION (Japan), Hanon Systems (South Korea), MAHLE GmbH (Germany), VALEO (France), and Sanden Corporation (Japan).
A total of 20 players covered

With the given market data, MarketsandMarkets offers customizations per the company’s specific needs.

The study segments the automotive e-compressor market:

Automotive E-Compressor Market, By Compressor Type
  • Scroll Compressors
  • Rotary Compressors
  • Centrifugal Compressors
  • Reciprocating Compressors
  • Axial Compressors
Automotive E-Compressor Market, By Vehicle Type
  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
Automotive E-Compressor Market, By Capacity
  • Small
  • Medium
  • Large
Automotive E-Compressor Market, By Propulsion Type
  • Battery Electric Vehicle (BEV)
  • Plug-in Hybrid Vehicle (PHEV)
  • Fuel-cell Electric Vehicle (FCEV)
  • Hybrid Electric Vehicle (HEV)
Automotive E-Compressor Market, By Technology Type
  • VFD
  • Fixed Speed

Recent Developments

  • In Feb 2024, Hanon Systems announced the opening of a new engineering center located on the company’s compressor manufacturing campus in Palmela, Portugal. The new center supports the Palmela plant, the company’s European flagship for the electric scroll compressor. It is a two-story structure with around 2,488 square meters of space for existing and new test operations.
  • In Jan 2024, Robert Bosch expanded its product offerings by introducing AC components to repair requirements. The expansion includes AC compressors and condensers for vehicles from different manufacturers in Europe.
  • In Aug 2023, VALEO presented the REVO-E- HP R744 in Busworld 2023. It is a zero-emission HVAC unit designed for buses with alternative drives. The use of natural refrigerant R744 enables the HVAC system to be environmentally neutral for cooling the bus. The system has integrated the compressor, giving a compact design, low refrigerant charge, and low energy consumption.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 22)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           FIGURE 1 AUTOMOTIVE E-COMPRESSOR
           FIGURE 2 WORKING OF AUTOMOTIVE E-COMPRESSOR IN COOLING AND HEATING CYCLE
           1.2.1 MARKET DEFINITION, BY COMPRESSOR TYPE
           1.2.2 MARKET DEFINITION, BY TECHNOLOGY
           1.2.3 MARKET DEFINITION, BY CAPACITY
           1.2.4 MARKET DEFINITION, BY PROPULSION
           1.2.5 MARKET DEFINITION, BY VEHICLE TYPE
    1.3 INCLUSIONS AND EXCLUSIONS 
           TABLE 1 INCLUSIONS AND EXCLUSIONS
    1.4 STUDY SCOPE 
           FIGURE 3 AUTOMOTIVE E-COMPRESSOR MARKET SEGMENTATION
           1.4.1 REGIONS COVERED
           1.4.2 YEARS CONSIDERED
    1.5 CURRENCY CONSIDERED 
           TABLE 2 CURRENCY EXCHANGE RATES
    1.6 UNIT CONSIDERED 
    1.7 STAKEHOLDERS 
 
2 RESEARCH METHODOLOGY (Page No. - 31)
    2.1 RESEARCH DATA 
           FIGURE 4 RESEARCH DESIGN
           FIGURE 5 RESEARCH DESIGN MODEL
           2.1.1 SECONDARY DATA
                    2.1.1.1 Secondary sources
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary participants
                    2.1.2.2 Breakdown of primary interviews
                    2.1.2.3 Sampling techniques and data collection methods
                    2.1.2.4 Major objectives of primary research
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 6 BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 7 TOP-DOWN APPROACH
                    FIGURE 8 DEMAND-SIDE APPROACH
    2.3 DATA TRIANGULATION 
           FIGURE 9 DATA TRIANGULATION
    2.4 FACTOR ANALYSIS 
    2.5 RESEARCH ASSUMPTIONS 
    2.6 RESEARCH LIMITATIONS 
    2.7 RECESSION IMPACT ANALYSIS 
 
3 EXECUTIVE SUMMARY (Page No. - 43)
    FIGURE 10 AUTOMOTIVE E-COMPRESSOR MARKET OVERVIEW 
    FIGURE 11 MARKET, BY PROPULSION TYPE, 2024–2033 
    FIGURE 12 MARKET, BY VEHICLE TYPE, 2024–2033 
    FIGURE 13 MARKET, BY REGION, 2024–2033 
 
4 PREMIUM INSIGHTS (Page No. - 46)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN AUTOMOTIVE E-COMPRESSOR MARKET 
           FIGURE 14 ADVANCED TECHNOLOGIES AND GOVERNMENT INVESTMENTS TO DRIVE GROWTH
    4.2 MARKET, BY COMPRESSOR TYPE 
           FIGURE 15 SCROLL COMPRESSORS TO SURPASS OTHER SEGMENTS DURING FORECAST PERIOD
    4.3 MARKET, BY CAPACITY 
           FIGURE 16 SMALL TO BE LARGEST SEGMENT IN 2033
    4.4 MARKET, BY VEHICLE TYPE 
           FIGURE 17 PASSENGER CARS TO SECURE LEADING MARKET POSITION DURING FORECAST PERIOD
    4.5 MARKET, BY PROPULSION 
           FIGURE 18 FCEV TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD
    4.6 MARKET, BY REGION 
           FIGURE 19 ASIA PACIFIC TO BE LARGEST MARKET FOR AUTOMOTIVE E-COMPRESSORS DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 49)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 20 AUTOMOTIVE E-COMPRESSOR MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Rising global demand for electric vehicles
                               TABLE 3 OEM TARGETS AND INVESTMENTS FOR ELECTRIC VEHICLES
                               FIGURE 21 CURRENT STATE OF TARGET COMPLETION FOR ELECTRIC VEHICLES
                    5.2.1.2 Stringent emission regulations and heightened environmental concerns
                               FIGURE 22 COMPARISON BETWEEN EMISSIONS FROM ELECTRIC AND ICE VEHICLES
                    5.2.1.3 Increased awareness about climate control and comfort features in vehicles
                               FIGURE 23 EV AIR CONDITIONING SYSTEMS
           5.2.2 RESTRAINTS
                    5.2.2.1 Lack of sufficient EV charging infrastructure in developing economies
                               FIGURE 24 EV CHARGER DENSITY, BY COUNTRY
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Advancements in e-compressor technology
           5.2.4 CHALLENGES
                    5.2.4.1 High initial cost of e-compressors compared to conventional belt-driven compressors
                               FIGURE 25 BELT-DRIVEN COMPRESSORS VS. E-COMPRESSORS
                    5.2.4.2 Potential supply chain disruptions for critical components
                               FIGURE 26 GLOBAL SALES AND PRODUCTION OF SEMICONDUCTORS
                    5.2.4.3 Technological complexities and integration challenges
           5.2.5 IMPACT OF MARKET DYNAMICS
                    TABLE 4 IMPACT OF MARKET DYNAMICS
    5.3 PRICING ANALYSIS 
           TABLE 5 AVERAGE SELLING PRICE TREND OF AUTOMOTIVE E-COMPRESSORS, BY VEHICLE TYPE, 2022–2024 (USD)
           TABLE 6 AVERAGE SELLING PRICE TREND OF AUTOMOTIVE E-COMPRESSORS, BY REGION, 2022–2024 (USD)
    5.4 ECOSYSTEM ANALYSIS 
           FIGURE 27 ECOSYSTEM ANALYSIS
           TABLE 7 ROLE OF COMPANIES IN ECOSYSTEM
    5.5 VALUE CHAIN ANALYSIS 
           FIGURE 28 VALUE CHAIN ANALYSIS
    5.6 CASE STUDIES 
           5.6.1 CHARACTERIZATION OF ELECTRIC AIR COOLING COMPRESSORS BY BLOCKED FORCES
           5.6.2 EVALUATION OF ELECTRICAL ENERGY CONSUMPTION BY AIR CONDITIONING SYSTEMS IN ELECTRIC VEHICLES
           5.6.3 ANALYSIS OF NVH PERFORMANCE OF E-COMPRESSORS
    5.7 PATENT ANALYSIS 
           FIGURE 29 PATENT ANALYSIS
           TABLE 8 PATENT ANALYSIS
    5.8 TRADE ANALYSIS 
           5.8.1 IMPORT DATA
                    TABLE 9 US: IMPORT, BY COUNTRY (%)
                    TABLE 10 GERMANY: IMPORT, BY COUNTRY (%)
                    TABLE 11 CHINA: IMPORT, BY COUNTRY (%)
                    TABLE 12 UK: IMPORT, BY COUNTRY (%)
                    TABLE 13 MEXICO: IMPORT, BY COUNTRY (%)
           5.8.2 EXPORT DATA
                    TABLE 14 CHINA: EXPORT, BY COUNTRY (%)
                    TABLE 15 US: EXPORT, BY COUNTRY (%)
                    TABLE 16 GERMANY: EXPORT, BY COUNTRY (%)
                    TABLE 17 MEXICO: EXPORT, BY COUNTRY (%)
                    TABLE 18 BELGIUM: EXPORT, BY COUNTRY (%)
    5.9 TECHNOLOGY ANALYSIS 
           5.9.1 KEY TECHNOLOGY
                    5.9.1.1 Advanced materials and designs
           5.9.2 COMPLIMENTARY TECHNOLOGY
                    5.9.2.1 Gas injection features in e-compressors
                    5.9.2.2 Encapsulation solutions for refrigerant e-compressors
           5.9.3 ADJACENT TECHNOLOGY
                    5.9.3.1 Smart HVAC systems
    5.10 PORTER’S FIVE FORCES ANALYSIS 
           FIGURE 30 PORTER’S FIVE FORCES ANALYSIS
           TABLE 19 IMPACT OF PORTER’S FIVE FORCES
           5.10.1 THREAT OF NEW ENTRANTS
           5.10.2 THREAT OF SUBSTITUTES
           5.10.3 BARGAINING POWER OF BUYERS
           5.10.4 BARGAINING POWER OF SUPPLIERS
           5.10.5 INTENSITY OF COMPETITIVE RIVALRY
    5.11 PESTLE ANALYSIS 
    5.12 BILL OF MATERIALS (BOM) FOR E-COMPRESSORS 
    5.13 REGULATORY LANDSCAPE 
                    TABLE 20 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 21 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 22 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    5.14 CONFERENCES AND EVENTS, 2024 
                    TABLE 23 CONFERENCES AND EVENTS, 2024
    5.15 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
                    FIGURE 31 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
    5.16 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.16.1 STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 32 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY VEHICLE TYPE
                    TABLE 24 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY VEHICLE TYPE (%)
           5.16.2 KEY BUYING CRITERIA
                    FIGURE 33 KEY BUYING CRITERIA, BY VEHICLE TYPE
                    TABLE 25 KEY BUYING CRITERIA, BY VEHICLE TYPE
    5.17 WHO SUPPLIES WHOM 
                    TABLE 26 WHO SUPPLIES WHOM
 
6 AUTOMOTIVE E-COMPRESSOR MARKET, BY COMPRESSOR TYPE (Page No. - 87)
    6.1 INTRODUCTION 
           FIGURE 34 MARKET, BY COMPRESSOR TYPE, 2024–2033 (USD MILLION)
           TABLE 27 MARKET, BY COMPRESSOR TYPE, 2019–2023 (THOUSAND UNITS)
           TABLE 28 MARKET, BY COMPRESSOR TYPE, 2024–2033 (THOUSAND UNITS)
           TABLE 29 MARKET, BY COMPRESSOR TYPE, 2019–2023 (USD MILLION)
           TABLE 30 MARKET, BY COMPRESSOR TYPE, 2024–2033 (USD MILLION)
    6.2 SCROLL COMPRESSORS 
           6.2.1 LOWER POWER CONSUMPTION THAN TRADITIONAL COMPRESSOR DESIGNS TO DRIVE GROWTH
                    TABLE 31 SCROLL COMPRESSORS: AUTOMOTIVE E-COMPRESSOR MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
                    TABLE 32 SCROLL COMPRESSORS: MARKET, BY REGION, 2024–2033 (THOUSAND UNITS)
                    TABLE 33 SCROLL COMPRESSORS: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 34 SCROLL COMPRESSORS: MARKET, BY REGION, 2024–2033 (USD MILLION)
    6.3 ROTARY SCREW COMPRESSORS 
           6.3.1 NEED FOR CONSISTENT AIRFLOW AND TEMPERATURE CONTROL IN COMMERCIAL APPLICATIONS TO DRIVE GROWTH
                    TABLE 35 ROTARY SCREW COMPRESSORS: MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
                    TABLE 36 ROTARY SCREW COMPRESSORS: MARKET, BY REGION, 2024–2033 (THOUSAND UNITS)
                    TABLE 37 ROTARY SCREW COMPRESSORS: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 38 ROTARY SCREW COMPRESSORS: MARKET, BY REGION, 2024–2033 (USD MILLION)
    6.4 CENTRIFUGAL COMPRESSORS 
           6.4.1 FOCUS ON ELECTRIFICATION OF PREMIUM VEHICLES TO DRIVE GROWTH
                    TABLE 39 CENTRIFUGAL COMPRESSORS: MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
                    TABLE 40 CENTRIFUGAL COMPRESSORS: MARKET, BY REGION, 2024–2033 (THOUSAND UNITS)
                    TABLE 41 CENTRIFUGAL COMPRESSORS: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 42 CENTRIFUGAL COMPRESSORS: MARKET, BY REGION, 2024–2033 (USD MILLION)
    6.5 RECIPROCATING COMPRESSORS 
           6.5.1 OPTIMIZED PERFORMANCE AND LOW OPERATING COSTS TO DRIVE GROWTH
                    TABLE 43 RECIPROCATING COMPRESSORS: MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
                    TABLE 44 RECIPROCATING COMPRESSORS: MARKET, BY REGION, 2024–2033 (THOUSAND UNITS)
                    TABLE 45 RECIPROCATING COMPRESSORS: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 46 RECIPROCATING COMPRESSORS: MARKET, BY REGION, 2024–2033 (USD MILLION)
    6.6 AXIAL COMPRESSORS 
    6.7 PRIMARY INSIGHTS 
 
7 AUTOMOTIVE E-COMPRESSOR MARKET, BY CAPACITY (Page No. - 101)
    7.1 INTRODUCTION 
           FIGURE 35 MARKET, BY CAPACITY, 2024–2033 (USD MILLION)
           TABLE 47 MARKET, BY CAPACITY, 2019–2023 (THOUSAND UNITS)
           TABLE 48 MARKET, BY CAPACITY, 2024–2033 (THOUSAND UNITS)
           TABLE 49 MARKET, BY CAPACITY, 2019–2023 (USD MILLION)
           TABLE 50 MARKET, BY CAPACITY, 2024–2033 (USD MILLION)
    7.2 SMALL 
           7.2.1 RISING POPULARITY OF ELECTRIC AND HYBRID ELECTRIC VEHICLES IN URBAN AREAS TO DRIVE GROWTH
                    TABLE 51 SMALL: MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
                    TABLE 52 SMALL: MARKET, BY REGION, 2024–2033 (THOUSAND UNITS)
                    TABLE 53 SMALL: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 54 SMALL: MARKET, BY REGION, 2024–2033 (USD MILLION)
    7.3 MEDIUM 
           7.3.1 RAPID ADOPTION OF ELECTRIFIED POWERTRAINS IN MID-SIZED VEHICLES TO DRIVE GROWTH
                    TABLE 55 MEDIUM: MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
                    TABLE 56 MEDIUM: MARKET, BY REGION, 2024–2033 (THOUSAND UNITS)
                    TABLE 57 MEDIUM: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 58 MEDIUM: MARKET, BY REGION, 2024–2033 (USD MILLION)
    7.4 LARGE 
           7.4.1 EXPANSION OF ELECTRIC TECHNOLOGY INTO COMMERCIAL VEHICLES TO DRIVE GROWTH
                    TABLE 59 LARGE: MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
                    TABLE 60 LARGE: MARKET, BY REGION, 2024–2033 (THOUSAND UNITS)
                    TABLE 61 LARGE: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 62 LARGE: MARKET, BY REGION, 2024–2033 (USD MILLION)
    7.5 PRIMARY INSIGHTS 
 
8 AUTOMOTIVE E-COMPRESSOR MARKET, BY VEHICLE TYPE (Page No. - 111)
    8.1 INTRODUCTION 
           FIGURE 36 MARKET, BY VEHICLE TYPE, 2024–2033 (USD MILLION)
           TABLE 63 MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
           TABLE 64 MARKET, BY VEHICLE TYPE, 2024–2033 (THOUSAND UNITS)
           TABLE 65 MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
           TABLE 66 MARKET, BY VEHICLE TYPE, 2024–2033 (USD MILLION)
    8.2 OPERATIONAL DATA 
           TABLE 67 POPULAR ELECTRIC VEHICLES WORLDWIDE
           TABLE 68 UPCOMING ELECTRIC CARS
           TABLE 69 UPCOMING ELECTRIC COMMERCIAL VEHICLES
    8.3 PASSENGER CARS 
           8.3.1 FAVORABLE REGULATIONS AND SUBSIDIES FOR ELECTRIFICATION TO DRIVE GROWTH
                    TABLE 70 PASSENGER CARS: MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
                    TABLE 71 PASSENGER CARS: MARKET, BY REGION, 2024–2033 (THOUSAND UNITS)
                    TABLE 72 PASSENGER CARS: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 73 PASSENGER CARS: MARKET, BY REGION, 2024–2033 (USD MILLION)
           8.3.2 MID-SIZE
           8.3.3 COMPACT
           8.3.4 SUV
    8.4 LIGHT COMMERCIAL VEHICLES 
           8.4.1 TREND TOWARD ELECTRIFICATION IN COMMERCIAL TRANSPORTATION TO DRIVE GROWTH
                    TABLE 74 LIGHT COMMERCIAL VEHICLES: AUTOMOTIVE E-COMPRESSOR MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
                    TABLE 75 LIGHT COMMERCIAL VEHICLES: MARKET, BY REGION, 2024–2033 (THOUSAND UNITS)
                    TABLE 76 LIGHT COMMERCIAL VEHICLES: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 77 LIGHT COMMERCIAL VEHICLES: MARKET, BY REGION, 2024–2033 (USD MILLION)
    8.5 HEAVY COMMERCIAL VEHICLES 
           8.5.1 NEED FOR EFFICIENT CLIMATE CONTROL SYSTEMS TO DRIVE GROWTH
                    TABLE 78 HEAVY COMMERCIAL VEHICLES: MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
                    TABLE 79 HEAVY COMMERCIAL VEHICLES: MARKET, BY REGION, 2024–2033 (THOUSAND UNITS)
                    TABLE 80 HEAVY COMMERCIAL VEHICLES: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 81 HEAVY COMMERCIAL VEHICLES: MARKET, BY REGION, 2024–2033 (USD MILLION)
    8.6 PRIMARY INSIGHTS 
 
9 AUTOMOTIVE E-COMPRESSOR MARKET, BY PROPULSION (Page No. - 122)
    9.1 INTRODUCTION 
           FIGURE 37 BEV VS. PHEV VS. FCEV VS. HEV
           FIGURE 38 MARKET, BY PROPULSION, 2024–2033 (USD MILLION)
           TABLE 82 MARKET, BY PROPULSION, 2019–2023 (THOUSAND UNITS)
           TABLE 83 MARKET, BY PROPULSION, 2024–2033 (THOUSAND UNITS)
           TABLE 84 MARKET, BY PROPULSION, 2019–2023 (USD MILLION)
           TABLE 85 MARKET, BY PROPULSION, 2024–2033 (USD MILLION)
    9.2 BEV 
           9.2.1 INFLATION IN PETROLEUM PRICES TO DRIVE GROWTH
                    TABLE 86 BEV: MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
                    TABLE 87 BEV: MARKET, BY REGION, 2024–2033 (THOUSAND UNITS)
                    TABLE 88 BEV: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 89 BEV: MARKET, BY REGION, 2024–2033 (USD MILLION)
    9.3 PHEV 
           9.3.1 RISE IN PRODUCTION OF ELECTRIC VEHICLES TO DRIVE GROWTH
                    TABLE 90 PHEV: MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
                    TABLE 91 PHEV: MARKET, BY REGION, 2024–2033 (THOUSAND UNITS)
                    TABLE 92 PHEV: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 93 PHEV: MARKET, BY REGION, 2024–2033 (USD MILLION)
    9.4 FCEV 
           9.4.1 EXPANSION OF HYDROGEN FUELING INFRASTRUCTURE TO DRIVE GROWTH
                    TABLE 94 FCEV: MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
                    TABLE 95 FCEV: MARKET, BY REGION, 2024–2033 (THOUSAND UNITS)
                    TABLE 96 FCEV: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 97 FCEV: MARKET, BY REGION, 2024–2033 (USD MILLION)
    9.5 HEV 
           9.5.1 EMPHASIS ON ECO-FRIENDLY TRANSPORTATION SOLUTIONS TO DRIVE GROWTH
                    TABLE 98 HEV: MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
                    TABLE 99 HEV: MARKET, BY REGION, 2024–2033 (THOUSAND UNITS)
                    TABLE 100 HEV: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 101 HEV: MARKET, BY REGION, 2024–2033 (USD MILLION)
    9.6 PRIMARY INSIGHTS 
 
10 AUTOMOTIVE E-COMPRESSOR MARKET, BY TECHNOLOGY (Page No. - 133)
     10.1 INTRODUCTION 
     10.2 VARIABLE FREQUENCY DRIVE 
     10.3 FIXED-SPEED 
     10.4 PRIMARY INSIGHTS 
 
11 AUTOMOTIVE E-COMPRESSOR MARKET, BY REGION (Page No. - 135)
     11.1 INTRODUCTION 
               FIGURE 39 MARKET, BY REGION, 2024–2033 (USD MILLION)
               TABLE 102 MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)
               TABLE 103 MARKET, BY REGION, 2024–2033 (THOUSAND UNITS)
               TABLE 104 MARKET, BY REGION, 2019–2023 (USD MILLION)
               TABLE 105 MARKET, BY REGION, 2024–2033 (USD MILLION)
     11.2 ASIA PACIFIC 
               FIGURE 40 ASIA PACIFIC: MARKET SNAPSHOT
               TABLE 106 ASIA PACIFIC: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
               TABLE 107 ASIA PACIFIC: MARKET, BY VEHICLE TYPE, 2024–2033 (THOUSAND UNITS)
               TABLE 108 ASIA PACIFIC: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
               TABLE 109 ASIA PACIFIC: MARKET, BY VEHICLE TYPE, 2024–2033 (USD MILLION)
             11.2.1 CHINA
                       11.2.1.1 Push toward electric vehicles by domestic automakers to drive growth
                                   TABLE 110 CHINA: AUTOMOTIVE E-COMPRESSOR MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                                   TABLE 111 CHINA: MARKET, BY VEHICLE TYPE, 2024–2033 (THOUSAND UNITS)
                                   TABLE 112 CHINA: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                                   TABLE 113 CHINA: MARKET, BY VEHICLE TYPE, 2024–2033 (USD MILLION)
             11.2.2 INDIA
                       11.2.2.1 Government initiatives to promote electric mobility to drive growth
                                   TABLE 114 INDIA: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                                   TABLE 115 INDIA: MARKET, BY VEHICLE TYPE, 2024–2033 (THOUSAND UNITS)
                                   TABLE 116 INDIA: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                                   TABLE 117 INDIA: MARKET, BY VEHICLE TYPE, 2024–2033 (USD MILLION)
             11.2.3 JAPAN
                       11.2.3.1 Stringent emission regulations and ambitious targets for carbon reduction to drive growth
                                   TABLE 118 JAPAN: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                                   TABLE 119 JAPAN: MARKET, BY VEHICLE TYPE, 2024–2033 (THOUSAND UNITS)
                                   TABLE 120 JAPAN: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                                   TABLE 121 JAPAN: MARKET, BY VEHICLE TYPE, 2024–2033 (USD MILLION)
             11.2.4 SOUTH KOREA
                       11.2.4.1 Increasing investments in electric vehicle technology to drive growth
                                   TABLE 122 SOUTH KOREA: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                                   TABLE 123 SOUTH KOREA: MARKET, BY VEHICLE TYPE, 2024–2033 (THOUSAND UNITS)
                                   TABLE 124 SOUTH KOREA: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                                   TABLE 125 SOUTH KOREA: MARKET, BY VEHICLE TYPE, 2024–2033 (USD MILLION)
             11.2.5 INDONESIA
                       11.2.5.1 Significant production of EV batteries and components to drive growth
                                   TABLE 126 INDONESIA: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                                   TABLE 127 INDONESIA: MARKET, BY VEHICLE TYPE, 2024–2033 (THOUSAND UNITS)
                                   TABLE 128 INDONESIA: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                                   TABLE 129 INDONESIA: MARKET, BY VEHICLE TYPE, 2024–2033 (USD MILLION)
             11.2.6 MALAYSIA
                       11.2.6.1 Transition toward cleaner transportation alternatives to drive growth
                                   TABLE 130 MALAYSIA: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                                   TABLE 131 MALAYSIA: MARKET, BY VEHICLE TYPE, 2024–2033 (THOUSAND UNITS)
                                   TABLE 132 MALAYSIA: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                                   TABLE 133 MALAYSIA: MARKET, BY VEHICLE TYPE, 2024–2033 (USD MILLION)
     11.3 EUROPE 
               FIGURE 41 EUROPE: MARKET SNAPSHOT
               TABLE 134 EUROPE: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
               TABLE 135 EUROPE: MARKET, BY VEHICLE TYPE, 2024–2033 (THOUSAND UNITS)
               TABLE 136 EUROPE: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
               TABLE 137 EUROPE: MARKET, BY VEHICLE TYPE, 2024–2033 (USD MILLION)
             11.3.1 UK
                       11.3.1.1 Significant developments in electric vehicle market to drive growth
                                   TABLE 138 UK: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                                   TABLE 139 UK: MARKET, BY VEHICLE TYPE, 2024–2033 (THOUSAND UNITS)
                                   TABLE 140 UK: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                                   TABLE 141 UK: MARKET, BY VEHICLE TYPE, 2024–2033 (USD MILLION)
             11.3.2 GERMANY
                       11.3.2.1 Emphasis on promoting clean transportation to drive growth
                                   TABLE 142 GERMANY: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                                   TABLE 143 GERMANY: MARKET, BY VEHICLE TYPE, 2024–2033 (THOUSAND UNITS)
                                   TABLE 144 GERMANY: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                                   TABLE 145 GERMANY: MARKET, BY VEHICLE TYPE, 2024–2033 (USD MILLION)
             11.3.3 FRANCE
                       11.3.3.1 Financial incentives, tax breaks, and subsidies for electric vehicle purchases to drive growth
                                   TABLE 146 FRANCE: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                                   TABLE 147 FRANCE: MARKET, BY VEHICLE TYPE, 2024–2033 (THOUSAND UNITS)
                                   TABLE 148 FRANCE: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                                   TABLE 149 FRANCE: MARKET, BY VEHICLE TYPE, 2024–2033 (USD MILLION)
             11.3.4 ITALY
                       11.3.4.1 Favorable regulatory environment to drive growth
                                   TABLE 150 ITALY: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                                   TABLE 151 ITALY: MARKET, BY VEHICLE TYPE, 2024–2033 (THOUSAND UNITS)
                                   TABLE 152 ITALY: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                                   TABLE 153 ITALY: MARKET, BY VEHICLE TYPE, 2024–2033 (USD MILLION)
             11.3.5 SPAIN
                       11.3.5.1 Rise in consumer demand for sustainable transportation solutions to drive growth
                                   TABLE 154 SPAIN: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                                   TABLE 155 SPAIN: MARKET, BY VEHICLE TYPE, 2024–2033 (THOUSAND UNITS)
                                   TABLE 156 SPAIN: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                                   TABLE 157 SPAIN: MARKET, BY VEHICLE TYPE, 2024–2033 (USD MILLION)
     11.4 NORTH AMERICA 
               FIGURE 42 NORTH AMERICA: MARKET, BY VEHICLE TYPE (USD MILLION)
               TABLE 158 NORTH AMERICA: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
               TABLE 159 NORTH AMERICA: MARKET, BY VEHICLE TYPE, 2024–2033 (THOUSAND UNITS)
               TABLE 160 NORTH AMERICA: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
               TABLE 161 NORTH AMERICA: MARKET, BY VEHICLE TYPE, 2024–2033 (USD MILLION)
             11.4.1 US
                       11.4.1.1 Improved consumer awareness toward electric vehicles to drive growth
                                   TABLE 162 US: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                                   TABLE 163 US: MARKET, BY VEHICLE TYPE, 2024–2033 (THOUSAND UNITS)
                                   TABLE 164 US: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                                   TABLE 165 US: MARKET, BY VEHICLE TYPE, 2024–2033 (USD MILLION)
             11.4.2 CANADA
                       11.4.2.1 Commitment to stringent emission regulations to drive growth
                                   TABLE 166 CANADA: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                                   TABLE 167 CANADA: MARKET, BY VEHICLE TYPE, 2024–2033 (THOUSAND UNITS)
                                   TABLE 168 CANADA: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                                   TABLE 169 CANADA: MARKET, BY VEHICLE TYPE, 2024–2033 (USD MILLION)
     11.5 MIDDLE EAST & AFRICA 
               TABLE 170 MIDDLE EAST & AFRICA: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
               TABLE 171 MIDDLE EAST & AFRICA: MARKET, BY VEHICLE TYPE, 2024–2033 (THOUSAND UNITS)
               TABLE 172 MIDDLE EAST & AFRICA: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
               TABLE 173 MIDDLE EAST & AFRICA: MARKET, BY VEHICLE TYPE, 2024–2033 (USD MILLION)
             11.5.1 UAE
                       11.5.1.1 Innovations in electric vehicle components to drive growth
                                   TABLE 174 UAE: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                                   TABLE 175 UAE: MARKET, BY VEHICLE TYPE, 2024–2033 (THOUSAND UNITS)
                                   TABLE 176 UAE: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                                   TABLE 177 UAE: MARKET, BY VEHICLE TYPE, 2024–2033 (USD MILLION)
             11.5.2 EGYPT
                       11.5.2.1 Government efforts toward clean energy and sustainable transportation solutions to drive growth
                                   TABLE 178 EGYPT: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                                   TABLE 179 EGYPT: MARKET, BY VEHICLE TYPE, 2024–2033 (THOUSAND UNITS)
                                   TABLE 180 EGYPT: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                                   TABLE 181 EGYPT: MARKET, BY VEHICLE TYPE, 2024–2033 (USD MILLION)
             11.5.3 SOUTH AFRICA
                       11.5.3.1 Increasing investments from major automotive manufacturers and suppliers to drive growth
                                   TABLE 182 SOUTH AFRICA: MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)
                                   TABLE 183 SOUTH AFRICA: MARKET, BY VEHICLE TYPE, 2024–2033 (THOUSAND UNITS)
                                   TABLE 184 SOUTH AFRICA: MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
                                   TABLE 185 SOUTH AFRICA: MARKET, BY VEHICLE TYPE, 2024–2033 (USD MILLION)
 
12 COMPETITIVE LANDSCAPE (Page No. - 176)
     12.1 INTRODUCTION 
     12.2 REVENUE ANALYSIS, 2021–2023 
               FIGURE 43 REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2021–2023
     12.3 MARKET SHARE ANALYSIS, 2023 
               FIGURE 44 MARKET SHARE OF KEY PLAYERS, 2023
             12.3.1 DENSO CORPORATION
             12.3.2 HANON SYSTEMS
             12.3.3 MAHLE GMBH
     12.4 COMPANY VALUATION AND FINANCIAL METRICS 
               FIGURE 45 COMPANY VALUATION, 2023 (USD BILLION)
               FIGURE 46 FINANCIAL METRICS, 2023
     12.5 COMPANY EVALUATION MATRIX: KEY PLAYERS 
             12.5.1 STARS
             12.5.2 EMERGING LEADERS
             12.5.3 PERVASIVE PLAYERS
             12.5.4 PARTICIPANTS
                       FIGURE 47 COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
             12.5.5 COMPANY FOOTPRINT
                       FIGURE 48 COMPANY FOOTPRINT, 2023
                       TABLE 186 VEHICLE TYPE FOOTPRINT, 2023
                       TABLE 187 REGION FOOTPRINT, 2023
     12.6 COMPANY EVALUATION MATRIX: START-UPS/SMES, 2023 
             12.6.1 PROGRESSIVE COMPANIES
             12.6.2 RESPONSIVE COMPANIES
             12.6.3 DYNAMIC COMPANIES
             12.6.4 STARTING BLOCKS
                       FIGURE 49 COMPANY EVALUATION MATRIX (START-UPS/SMES), 2023
             12.6.5 COMPETITIVE BENCHMARKING
                       TABLE 188 KEY START-UPS/SMES
                       TABLE 189 COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
     12.7 KEY PLAYER STRATEGIES/RIGHT TO WIN 
               TABLE 190 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2019–2024
     12.8 BRAND/PRODUCT COMPARISON 
               FIGURE 50 BRAND/PRODUCT COMPARISON
     12.9 COMPETITIVE SCENARIO 
             12.9.1 PRODUCT LAUNCHES/DEVELOPMENTS
                       TABLE 191 AUTOMOTIVE E-COMPRESSOR MARKET: PRODUCT LAUNCHES/DEVELOPMENTS, 2019–2024
             12.9.2 DEALS
                       TABLE 192 MARKET: DEALS, 2019–2024
             12.9.3 EXPANSIONS
                       TABLE 193 MARKET: EXPANSIONS, 2019–2024
             12.9.4 OTHERS
                       TABLE 194 MARKET: OTHERS, 2019–2024
 
13 COMPANY PROFILES (Page No. - 193)
(Business overview, Products offered, Recent developments & MnM View)*
     13.1 KEY PLAYERS 
             13.1.1 DENSO CORPORATION
                       TABLE 195 DENSO CORPORATION: COMPANY OVERVIEW
                       FIGURE 51 DENSO CORPORATION: COMPANY SNAPSHOT
                       TABLE 196 DENSO CORPORATION: PRODUCTS OFFERED
                       TABLE 197 DENSO CORPORATION: PRODUCT LAUNCHES/DEVELOPMENTS
                       TABLE 198 DENSO CORPORATION: EXPANSIONS
             13.1.2 HANON SYSTEMS
                       TABLE 199 HANON SYSTEMS: COMPANY OVERVIEW
                       FIGURE 52 HANON SYSTEMS: COMPANY SNAPSHOT
                       TABLE 200 HANON SYSTEMS: PRODUCTS OFFERED
                       TABLE 201 HANON SYSTEMS: EXPANSIONS
                       TABLE 202 HANON SYSTEMS: OTHERS
             13.1.3 MAHLE GMBH
                       TABLE 203 MAHLE GMBH: COMPANY OVERVIEW
                       FIGURE 53 MAHLE GMBH: COMPANY SNAPSHOT
                       TABLE 204 MAHLE GMBH: PRODUCTS OFFERED
                       TABLE 205 MAHLE GMBH: PRODUCT LAUNCHES/DEVELOPMENTS
                       TABLE 206 MAHLE GMBH: OTHERS
             13.1.4 MITSUBISHI HEAVY INDUSTRIES, LTD.
                       TABLE 207 MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY OVERVIEW
                       FIGURE 54 MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT
                       TABLE 208 MITSUBISHI HEAVY INDUSTRIES, LTD.: PRODUCTS OFFERED
             13.1.5 ROBERT BOSCH GMBH
                       TABLE 209 ROBERT BOSCH GMBH: COMPANY OVERVIEW
                       FIGURE 55 ROBERT BOSCH GMBH: COMPANY SNAPSHOT
                       TABLE 210 ROBERT BOSCH GMBH: PRODUCTS OFFERED
                       TABLE 211 ROBERT BOSCH GMBH: PRODUCT LAUNCHES/DEVELOPMENTS
             13.1.6 SANDEN CORPORATION
                       TABLE 212 SANDEN CORPORATION: COMPANY OVERVIEW
                       FIGURE 56 SANDEN CORPORATION: COMPANY SNAPSHOT
                       TABLE 213 SANDEN CORPORATION: PRODUCTS OFFERED
                       TABLE 214 SANDEN CORPORATION: DEALS
                       TABLE 215 SANDEN CORPORATION: EXPANSIONS
             13.1.7 BROSE FAHRZEUGTEILE SE & CO. KG, COBURG
                       TABLE 216 BROSE FAHRZEUGTEILE SE & CO. KG, COBURG: COMPANY OVERVIEW
                       FIGURE 57 BROSE FAHRZEUGTEILE SE & CO. KG, COBURG: COMPANY SNAPSHOT
                       TABLE 217 BROSE FAHRZEUGTEILE SE & CO. KG, COBURG: PRODUCTS OFFERED
                       TABLE 218 BROSE FAHRZEUGTEILE SE & CO. KG, COBURG: PRODUCT LAUNCHES/DEVELOPMENTS
                       TABLE 219 BROSE FAHRZEUGTEILE SE & CO. KG, COBURG: EXPANSIONS
             13.1.8 TOYOTA INDUSTRIES CORPORATION
                       TABLE 220 TOYOTA INDUSTRIES CORPORATION: COMPANY OVERVIEW
                       FIGURE 58 TOYOTA INDUSTRIES CORPORATION: COMPANY SNAPSHOT
                       TABLE 221 TOYOTA INDUSTRIES CORPORATION: PRODUCTS OFFERED
                       TABLE 222 TOYOTA INDUSTRIES CORPORATION: PRODUCT LAUNCHES/DEVELOPMENTS, 2019–2024
                       TABLE 223 TOYOTA INDUSTRIES CORPORATION: DEALS
                       TABLE 224 TOYOTA INDUSTRIES CORPORATION: EXPANSIONS, 2019–2024
             13.1.9 VALEO
                       TABLE 225 VALEO: COMPANY OVERVIEW
                       FIGURE 59 VALEO: COMPANY SNAPSHOT
                       TABLE 226 VALEO: PRODUCTS OFFERED
                       TABLE 227 VALEO: PRODUCT LAUNCHES/DEVELOPMENTS
                       TABLE 228 VALEO: OTHERS
             13.1.10 AOTEJIA NEW ENERGY TECHNOLOGY CO., LTD.
                                   TABLE 229 NANJING AOTEJIA NEW ENERGY TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
                                   FIGURE 60 NANJING AOTEJIA NEW ENERGY TECHNOLOGY CO., LTD.: COMPANY SNAPSHOT
                                   TABLE 230 NANJING AOTEJIA NEW ENERGY TECHNOLOGY CO., LTD.: PRODUCTS OFFERED
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
     13.2 OTHER PLAYERS 
             13.2.1 HIGHLY MARELLI HOLDINGS CO., LTD.
                       TABLE 231 HIGHLY MARELLI HOLDINGS CO., LTD.: COMPANY OVERVIEW
             13.2.2 TCCI MANUFACTURING
                       TABLE 232 TCCI MANUFACTURING: COMPANY OVERVIEW
             13.2.3 GUCHEN INDUSTRY
                       TABLE 233 GUCHEN INDUSTRY: COMPANY OVERVIEW
             13.2.4 ZHEJIANG BOYANG COMPRESSOR CO., LTD.
                       TABLE 234 ZHEJIANG BOYANG COMPRESSOR CO., LTD.: COMPANY OVERVIEW
             13.2.5 SUZHOU ZHONGCHENG NEW ENERGY TECHNOLOGY CO., LTD.
                       TABLE 235 SUZHOU ZHONGCHENG NEW ENERGY TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
             13.2.6 SIROCO HVAC INDIA PVT. LTD.
                       TABLE 236 SIROCO HVAC INDIA PVT. LTD.: COMPANY OVERVIEW
             13.2.7 YUTE MOTOR MECHANICAL PARTS CO., LTD.
                       TABLE 237 YUTE MOTOR MECHANICAL PARTS CO., LTD.: COMPANY OVERVIEW
             13.2.8 HENAN KINGCLIMA INDUSTRY CO., LTD.
                       TABLE 238 HENAN KINGCLIMA INDUSTRY CO., LTD.: COMPANY OVERVIEW
             13.2.9 BOWENTE AUTO PARTS CO., LTD.
                       TABLE 239 BOWENTE AUTO PARTS CO., LTD.: COMPANY OVERVIEW
             13.2.10 STEALTH EV
                                   TABLE 240 STEALTH EV: COMPANY OVERVIEW
 
14 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 225)
     14.1 ASIA PACIFIC TO BE LUCRATIVE MARKET FOR AUTOMOTIVE E-COMPRESSORS 
     14.2 DEVELOPMENT OF LIGHTWEIGHT AND COMPACT E-COMPRESSORS 
     14.3 CONCLUSION 
 
15 APPENDIX (Page No. - 226)
     15.1 INSIGHTS FROM INDUSTRY EXPERTS 
     15.2 DISCUSSION GUIDE 
     15.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     15.4 CUSTOMIZATION OPTIONS 
             15.4.1 MARKET SIZE IN TERMS OF VALUE (USD MILLION) AND VOLUME (THOUSAND UNITS), AT COUNTRY LEVEL, BY PROPULSION
             15.4.2 MARKET SIZE IN TERMS OF VALUE (USD MILLION) AND VOLUME (THOUSAND UNITS), AT COUNTRY LEVEL, BY COMPRESSOR TYPE
             15.4.3 ADDITIONAL COMPANY PROFILES
     15.5 RELATED REPORTS 
     15.6 AUTHOR DETAILS 

Various secondary sources, directories, and databases have been used to identify and collect information for an extensive study of the automotive e-compressor market. The study involved four main activities in estimating the current size of the market: secondary research, validation through primary research, assumptions, and market analysis. Exhaustive secondary research was carried out to collect information on the market, the peer market, and the child markets. The next step was to validate these findings, assumptions, and market analysis with industry experts across the value chain through primary research. The top-down approach was employed to estimate the complete market size for vehicle and propulsion segments considered in this study.

Secondary Research

In the secondary research process, various secondary sources such as company annual reports/presentations, press releases, industry association publications [for example, publications of electric vehicle manufacturers, International Energy Agency (IEA), ACEA (European Automobile Manufacturers Association),Alternative Fuel Data Center (AFDC), European Alternate Fuels Observatory (EAFO), Federal Transit Administration (FTA), Regional Transportation Authority (RTA), country-level vehicle associations and trade organizations, and the US Department of Transportation (DOT)], EV related magazine articles, directories, technical handbooks, World Economic Outlook, trade websites, government organizations websites, and technical articles have been used to identify and collect information useful for an extensive study of the global electric vehicle and electric compressor market

Primary Research

Extensive primary research has been conducted after acquiring and understanding of this market scenario through secondary research. Several primary interviews have been conducted with market experts from the demand- and supply-side OEMs across four major regions, namely, Asia Pacific, Europe, North America, Middle East & Africa. Primary data has been collected through questionnaires, emails, LinkedIn, and telephonic interviews. In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales, operations, and administration, to provide a holistic viewpoint in our report.

After interacting with industry experts, we conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. Following is the breakdown of primary respondents.

Automotive E-Compressor Market Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

A detailed market estimation approach was followed to estimate and validate the value of the automotive e-compressor market and other dependent submarkets, as mentioned below:

The bottom-up approach has been used to estimate and validate the size of the E-compressor market. In this approach, vehicle sales statistics for each vehicle type have been considered at the country and regional levels. The penetration of each propulsion for each vehicle type at the country level has been identified through model mapping to determine the e-compressor market size in terms of volume. Then, the penetration of each propulsion at vehicle type for all countries has been applied to obtain the volume of the e-compressor market.

Extensive secondary and primary research has been conducted to understand the global market scenario for the e-compressor used in the automotive sector. Several primary interviews have been conducted with key opinion leaders related to e-compressors, including OEMs, Tier 1 suppliers, and applications. Qualitative aspects such as drivers, restraints, opportunities, and challenges have been considered while calculating and forecasting the market size.

Automotive E-Compressor Market: Bottom-Up Approach

Automotive E-Compressor Market Market Bottom Up Approach

To know about the assumptions considered for the study, Request for Free Sample Report

Automotive E-Compressor Market: Top-Down Approach

  • The top-down approach has been used to determine the size of the automotive e-compressor market for the segment. Although the total market size in value (USD million) is derived using the bottom-up approach, the segment – by compressor, technology, and capacity is derived using the top-down approach.
  • We have collected data from secondary research and paid databases and validated it through primary interviews. We have identified the penetration for each segment from the secondary sources. Additionally, the summation of companies’ revenue generated through the sale of a product and the total market size is calculated .

Automotive E-Compressor Market Market Top Down Approach

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and sub segment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends.

Market Definition

An electric compressor, or e-compressor, is a power unit that circulates refrigerant under pressure through the thermal management system. It is a crucial component in the thermal management system of electric vehicles. The primary function of the automotive e-compressor is to regulate the temperature within the vehicle cabin and manage the thermal conditions of critical components, such as batteries and power electronics.

In the HVAC (heating, ventilation, and air conditioning) system, the e-compressor plays a crucial role in providing efficient heating and cooling, ensuring passenger comfort. It also contributes to the thermal management of the battery pack, optimizing its performance and extending its lifespan. The e-compressor’s ability to operate independently from the vehicle’s engine allows for precise control over the climate inside the vehicle, enhancing energy efficiency and supporting the environmentally conscious goals of electric and hybrid vehicle technologies.

Stakeholders

  • Automobile Organizations/Associations
  • Country-specific Automotive Associations
  • Dealers and Distributors of E-compressors
  • Government & Research Organizations
  • Manufacturers of Automotive E-compressors and Components
  • Original Equipment Manufacturers (OEMs)
  • Raw Material Suppliers for E-compressors
  • Regulatory Bodies
  • Traders and Suppliers of Automotive E-compressor Components

Report Objectives

  • To define, describe, segment, and forecast the size of the automotive e-compressor market in terms of volume (thousand units) and value (USD billion/million), from 2019 to 2033
  • To define, describe, and forecast the size of the market based on compressor type, capacity, vehicle type, propulsion, technology, and region
  • To segment and forecast the size of the market, in terms of volume (thousand units) and value (USD million), based on compressor type (scroll compressors, rotary screw compressors, centrifugal compressors, reciprocating compressors, and axial compressors)
  • To segment and forecast the size of the market, in terms of volume (thousand units) and value (USD million), based on capacity (small, medium, and large)
  • To segment and forecast the size of the market, in terms of volume (thousand units) and value (USD million), based on vehicle type (passenger cars, light commercial vehicles, and heavy commercial vehicles)
  • To segment and forecast the size of the market, in terms of volume (thousand units) and value (USD million), based on propulsion (BEV, PHEV, HEV, and FCEV)
  • To segment the market based on technology [variable frequency drive (VFD) and fixed-speed]
  • To define, describe, and forecast the size of the market, in terms of volume (units) and value (USD million), based on region (Asia Pacific, Europe, North America, Middle East & Africa)
  • To understand the market dynamics (drivers, restraints, opportunities, and challenges) and conduct patent analysis, case study analysis, value chain analysis, regulatory analysis, and ecosystem mapping
  • To strategically analyze markets with respect to individual growth trends, prospects, and contributions to the total market
  • To strategically profile key players and comprehensively analyze their respective market share and core competencies
  • To analyze recent developments, such as agreements, partnerships, collaborations, expansions, contracts, and product developments of key players in the automotive e-compressor market
  • To understand the dynamics of the key market players and distinguish them into stars, emerging leaders, pervasive players, and participants according to their product portfolio strength and business strategies
  • To analyze the opportunities offered by various segments of the market to its stakeholders

Available Customizations

Along with the market data, MarketsandMarkets offers customizations in accordance with company-specific needs.

The following customization options are available for the report:

  • Market Size In Terms of Value (USD Million) And Volume (Thousand Units) At Country Level, By Propulsion Type
  • Market Size In Terms Of Value (USD Million) And Volume (Thousand Units) At Country Level, By Compressor Type
  • Detailed Analysis and Profiling of Additional Market Players
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
AT 9007
Published ON
Apr, 2024
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