Global Automotive Electric HVAC Compressor Market (2021 to 2028)

DUBLIN, July 29, 2021 / PRNewswire / – The “Automotive Electric HVAC Compressors Market Analysis Report by Cooling Capacity (Less than 20CC, 20-40CC, 40-60CC), by Vehicle Type, by Powertrain, by Region, and Segment Forecasts, 2021-2028” – Report added to ResearchAndMarkets.com offering.

Logo for research and markets

The global automotive HVAC compressor market size is expected to reach $ 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: In addition, unlike a conventional belt-driven compressor, an electric compressor is independent of the vehicle engine. An electric compressor gets its power from a separate electric motor, which is fed by an inverter. Such an arrangement ensures that the cooling operation of the vehicle continues even when the vehicle is switched off. As a result of this arrangement, the electric compressor also requires less power to drive, which means that vehicle performance remains unaffected and cleaner operation is ensured due to low oil carryover.

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 the entire cabin and the battery pack. Electric compressor protects the battery from overheating and thus the vehicle from a breakdown. Thus, an electric HVAC compressor serves as an essential component for the overall function of an electric vehicle. Rising fuel prices coupled with growing environmental awareness have fueled the introduction of electric vehicles and thus the demand for HVAC electric compressors.

However, the high acquisition and maintenance costs associated with HVAC electric compressors are expected to hold back growth in the market. HVAC electrical compressor installation requires heavy-duty electrical wiring, which increases the overall cost of the system. The repair and maintenance of electric compressors is also a complex task that requires a high level of specialist knowledge and thus increases the overall costs. In addition, the demand for electric compressors depends entirely on the demand for electric vehicles. However, the sale of electric vehicles is already facing the higher price and range fears associated with electric vehicles. Still, advances in technology, subsequent product launches, and the continued installation of electric chargers and charging stations are expected to encourage consumers to opt for electric vehicles, fueling demand for HVAC electric compressors over the forecast period.

Automotive HVAC Electric Compressors Market report highlights

The story goes on

  • The 20-40 CC segment dominated the market in 2020 with a revenue share of 48.3% and is expected to continue to lead in the forecast period. The growth is due to the fact that compressors with a cooling capacity of 20-40 CC are usually installed in small and medium-sized vehicles that are widely accepted

  • The passenger car segment is expected to record the highest CAGR of more than 20% in the forecast period. The growth is due to the increasing adoption of electric passenger cars for personal use, as well as by corporate and government and defense agencies

  • The battery electric vehicles segment is expected to have the highest CAGR in the forecast period. The growth is due to the increasing demand for electric vehicles in connection with the further expansion of the charging infrastructure and the rapid availability of qualified technicians for servicing electric vehicles

  • That Asia Pacific The regional market is expected to experience significant growth over the forecast period in line with the increasing adoption of electric vehicles across the region China and other developing countries in the Asia Pacific region

Key topics covered:

Chapter 1. Methodology and scope

Chapter 2. Summary

Chapter 3. Automotive HVAC Electric Compressor Industry Outlook
3.1. Market segmentation
3.2. Market size and growth prospects, 2017-2028
3.3. Analysis of the value chain
3.4. Market dynamics
3.4.1. Market driver analysis
3.4.2. Market reluctance / challenge analysis
3.4.3. Market opportunity analysis
3.5. Prioritize important opportunities
3.6. Industry analysis – Porter’s
3.6.1. Supplier performance
3.6.2. Buyer power
3.6.3. Replacement threat
3.6.4. Newcomer threat
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 HVAC Electric Compressors Market: Cooling Capacity Outlook
4.1. Market share by cooling capacity, 2020 & 2028 (in million USD)
4.2. Less than 20 CC
4.2.1. Market Estimates and Forecast, 2017-2028 (USD million)
4.2.2. Market Estimates and Forecasts by Region, 2017-2028 (in MILLION USD)
4.3. 20-40 cc
4.3.1. Market Estimates and Forecast, 2017-2028 (USD million)
4.3.2. Market Estimates and Forecasts by Region, 2017-2028 (in MILLION USD)
4.4. 40-60 cc
4.4.1. Market Estimates and Forecast, 2017-2028 (USD million)
4.4.2. Market Estimates and Forecasts by Region, 2017-2028 (in MILLION USD)
4.5. More than 60 CC
4.5.1. Market Estimates and Forecast, 2017-2028 (USD million)
4.5.2. Market Estimates and Forecasts by Region, 2017-2028 (in MILLION USD)

Chapter 5. Automotive HVAC Electric Compressors Market: Vehicle Type Outlook
5.1. Market share by vehicle type, 2020 & 2028 (in million USD)
5.2. Passenger vehicle
5.2.1. Market Estimates and Forecast, 2017-2028 (USD million)
5.2.2. Market Estimates and Forecasts by Region, 2017-2028 (in MILLION USD)
5.3. LCV
5.3.1. Market Estimates and Forecast, 2017-2028 (USD million)
5.3.2. Market Estimates and Forecasts by Region, 2017-2028 (in MILLION USD)
5.4. HCV
5.4.1. Market Estimates and Forecast, 2017-2028 (USD million)
5.4.2. Market Estimates and Forecasts by Region, 2017-2028 (in MILLION USD)
5.5. Buses and coaches
5.5.1. Market Estimates and Forecast, 2017-2028 (USD million)
5.5.2. Market Estimates and Forecasts by Region, 2017-2028 (in MILLION USD)

Chapter 6. Automotive Electric HVAC Compressors Market: The Powertrain Outlook
6.1. Market Share by Powertrain, 2020 & 2028 (in MILLION USD)
6.2. PHEV
6.2.1. Market Estimates and Forecast, 2017-2028 (USD million)
6.2.2. Market Estimates and Forecasts by Region, 2017-2028 (in MILLION USD)
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 (in MILLION USD)
6.4. HEV
6.4.1. Market Estimates and Forecasts, 2017-2028 (in MILLION USD)
6.4.2. Market Estimates and Forecasts, by Region, 2017-2028 (in MILLION USD)

Chapter 7. Automotive HVAC Electric Compressors Market: Regional Outlook

Chapter 8. Competitive Landscape
8.1. Brose vehicle parts SE & Co. KG
8.1.1. Company overview
8.1.2. Financial performance
8.1.3. Product benchmarking
8.1.4. Strategic Initiatives
8.2. Borg Warner, Inc.
8.2.1. Company overview
8.2.2. Financial performance
8.2.3. Product benchmarking
8.2.4. Strategic Initiatives
8.3 Denso Corporation
8.3.1. Company overview
8.3.2. Financial performance
8.3.3. Product benchmarking
8.3.4. Strategic Initiatives
8.4. Hanon systems
8.4.1. Company overview
8.4.2. Financial performance
8.4.3. Product benchmarking
8.4.4. Strategic Initiatives
8.5. MAHLE GmbH
8.5.1. Company overview
8.5.2. Financial performance
8.5.3. Product benchmarking
8.5.4. Strategic Initiatives
8.6. Sanden Holdings Corporation
8.6.1. Company overview
8.6.2. Financial performance
8.6.3. Product benchmarking
8.6.4. Strategic Initiatives
8.7. Toyota Industries Corporation
8.7.1. Company overview
8.7.2. Financial performance
8.7.3. Product benchmarking
8.7.4. Strategic Initiatives
8.8. Valeo SA
8.8.1. Company 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. Company overview
8.9.2. Financial performance
8.9.3. Product benchmarking
8.9.4. Strategic Initiatives

Please visit https://www.researchandmarkets.com/r/ccy3zv for more information on this report

Media contact:

Research and Markets
Laura wood, Senior manager
press@researchandmarkets.com

For EST office hours, call + 1-917-300-0470. on
For US / CAN toll free call + 1-800-526-8630
For GMT office hours, call + 353-1-416-8900. on

US Fax: 646-607-1904
Fax (outside the US): + 353-1-481-1716

Cision

View original content: https://www.prnewswire.com/news-releases/global-automotive-electric-hvac-compressor-market-2021-to-2028—key-drivers-restraints-and-opportunities-301344299. html

SOURCE Research and Markets