Automotive E-Compressor Companies - DENSO CORPORATION (Japan), Hanon Systems (South Korea) and MAHLE GmbH (Germany) are Leading Players
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.
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.
Major Automotive E-Compressor Market Companies include
- DENSO CORPORATION (Japan),
- Hanon Systems (South Korea),
- MAHLE GmbH (Germany),
- VALEO (France),
- Sanden Corporation (Japan).
These companies focus on product launch, agreement and collaboration to gain traction in this growing automotive e-compressor market.
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DENSO CORPORATION
DENSO CORPORATION has emerged as a prominent player in the automotive e-compressor market. The company offers its customers reciprocating, rotary-type AC compressors and other compressors. It also offers high-quality compact and lightweight design e-compressors for specific cars and engine specifications. The company’s AC compressors are used by top vehicle manufacturers such as Audi AG, BMW, Fiat Automobiles S.p.A., Mercedes-Benz, Porsche AG, Toyota Motor Corporation, and Volkswagen Group. In 2024, DENSO CORPORATION announced that it has integrated the management of three production and sales companies, Denso Do Brasil Ltd., Denso Sistemas Termicos De Brasil Ltd., and Denso Maqinas Rotantes Do Brasil Ltd. Through the integration, DENSO will consolidate and streamline corporate management, increasing operational efficiency and strengthening the company’s ability. In 2023, the company invested USD 3.71 billion in research and development, which gives an add-on advantage to stay ahead and compete with the other players in the market.
HANON SYSTEMS
Hanon Systems is involved in the manufacture and sales of thermal and energy management solutions for electric and ICE vehicles. It offers various products, including HVAC, compressors, fluid transport, controllers, ionizers, and cooling modules. In 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 2021, the company announced the expansion of two sites in Hungary, a building expansion in Retsag and a new greenfield production facility in Pecs. The new production facility in Pecs increased the production capacity for fluid transport and strengthened the company’s footprint in Europe. The building in Retsag adds 4,500 square meters and supports the additional capacity of aluminum die casting for compressors.
MAHLE GmbH
MAHLE GmbH is a manufacturer and supplier of lighting and electronic components and systems to the automotive industry. It offers e-compressors with superior power-to-mass and package ratios to satisfy the cooling requirements of the cabin, battery, and drivetrain. In 2022, MAHLE GmbH introduced an e-compressor with a power of 18 kW. The compressor is used for temperature control of the electric drive unit and to improve the service life, charging speed, and range of the battery. Further, the company invests in research and development and has 12 research and development centers globally.
Related Reports:
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
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
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