The Global Automotive E-Compressor Market Size valued for USD 5.1 Billion in 2021 and is anticipated to reach USD 64.9 Billion by 2030 with a CAGR of 32.8% from 2022 to 2030.

Automotive e-compressors are a type of tightly sealed compressor that have their own motor inside and transfer power through the compressor terminals. In hybrid and electric vehicles, the compressor terminal prevents refrigerant leakage and directs a significant amount of energy transfer from the battery to the air conditioning compressor. The belt drive of an engine is included in conventional compressors; however, since electric vehicles don't need belt-driven engines, a different kind of compressor is needed. Even when the hybrid or electric engine is idle or off, the A/C can still run thanks to the internal system of the e-electric compressor's motor. E-compressors can continue to operate even if the hybrid or electric engine is not running or is turned off.

Automotive E-Compressor Market Dynamics

The COVID-19 pandemic caused serious setbacks in numerous industries around the world in the year 2020, and the auto industry was no exception. On the other hand, the market for electric vehicles saw an upward trend and is expected to grow for the next ten years. Despite the economic downturn, a record 3 million new electric vehicles were registered in 2020, a staggering 41% increase from the previous year, according to the International Energy Agency's Global Electric Vehicle Outlook for the year 2021. In contrast, the automotive industry as a whole experienced a 16% decline in 2020. Sales of electric vehicles will increase significantly in the first quarter of 2021, reaching a level that is more than 2.5 times higher than in the corresponding period of 2020.

The traditional mechanical belt-driven compressors used in air conditioning and system cooling are of this type. The engine crankshaft and compressor are linked together by a belting system. The energy from the engine is used to power the compressor. As a result, the workload on the engine is increased by the use of this type of compressor in the AC system. The engine's and the vehicle's overall performance suffer as a result. On the other hand, electric compressors operate independently from the battery power source and do not require a power inverter like an alternate current compressor would. Electric compressors have low energy consumption, are simple to install and maintain, and can fit into small systems.

Automobiles with electric compressors have additional components, which complicate and raise the cost of the system. Professionals working at standard workstations are unfamiliar with the complexity of the systems; as a result, if a breakdown occurs, only the OEM workshop should service the vehicle. The use of heavy-duty electrical wires for e-compressors adds to the complexity of maintenance and repair, raising overall cost. Additionally, high-voltage connections along with electric connections for the compressor and feed through are still crucial. This factor makes it difficult for the global automotive e-compressor market to grow.

Automotive E-Compressor Market Insights

By sales channel, vehicle type, type, drive-train, cooling capacity, and component, the automotive e-compressor market is divided. The market is divided into OEM and aftermarket segments based on the sales channel. The market is divided into segments based on the type of vehicle: light-duty vehicles, passenger cars, medium- and heavy-duty trucks, and buses and coaches. The market is divided into categories such as wobble, swash, scroll, screw, and others based on type. The market is divided into electric and internal combustion engines (ICE) engines based on drive-train. The market is further divided into four categories based on cooling capacity: Less than 20 CC, 20 to 40 CC, 20 to 40 CC, and More than 60 CC. The final segmentation of the component includes the motor, inverter, oil separator, compressor section, and others.

Global Automotive E-Compressor Market Geographical Competition

The North America, Europe, Latin America, Asia-Pacific, and the Middle East & Africa regions make up the five geographical segments of the global Automotive E-Compressor market. Due to a number of factors, such as the rapid expansion of end-user industries, rising adoption of energy-efficient products, high market demand for advanced technological services, and others, the North American automobile e-compressor is experiencing exponential growth. Therefore, each factor has a favourable impact on the provinces of North America for automobile e-compressor. The automotive e-compressor market in Asia Pacific has been expanding rapidly over time. Automotive e-compressor sales are increasing in the Asia Pacific region as a result of the region's strong industrial growth in a variety of small- and large-scale industries.

Global Automotive E-Compressor Industry Segment Analysis

Automotive E-Compressor Market By Sales Channel

·        OEM

·        Aftermarket

Automotive E-Compressor Market By Vehicle Type

·        Passenger Vehicle

·        Light Duty Vehicle

·        Medium & Heavy Duty Trucks

·        Buses & Coaches

Automotive E-Compressor Market By Type

·        Swash

·        Wobble

·        Screw

·        Scroll

·        Others

Automotive E-Compressor Market By Drivetrain

·        ICE Vehicle

·        Electric Vehicle

Automotive E-Compressor Market By Cooling Capacity

·        Less than 20 CC

·        20 to 40 CC

·        More than 60 CC

Automotive E-Compressor Market By Component

·        Compressor Section

·        Motor

·        Inverter

·        Oil Separator

·        Others

Automotive E-Compressor Market Leading Companies

This section of the study honors the market's top vendors Denso Corporation, Sanden Corporation, Mahle Behr GmbH, Toyota Industries Corporation, Hanon Systems, Robert Bosch GmbH, Valeo S.A., Marelli, SCHOTT AG, Mitsubishi Heavy Industries Automotive Thermal Systems Co., Ltd., and among others.

Automotive E-Compressor Market Regions