Automotive Electric HVAC Compressor Market, By Cooling Capacity (Less Than 20 CC, 20-40 CC, 40-60 CC), By Vehicle Type, By Drivetrain and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Automotive Electric HVAC Compressor Market Overview
The global Automotive Electric HVAC Compressor Market size is projected to reach a CAGR of 20.7% from 2022-2028.
An electric compressor is independent of the vehicle engine and is tasked with the dual role of cooling the cabin and the battery pack and protecting the battery from overheating to prevent any breakdown of the vehicle. An electric compressor boasts lesser mechanical parts and hence facilitates quieter and cleaner operations due to lower oil carryover.
Rising fuel prices coupled with the growing awareness about environmental protection have been driving the adoption of electric vehicles and subsequently the demand for electric HVAC compressors.
Electric compressors are anticipated to be widely used by electric car OEMs due to their multi-functionality characteristics and decreased energy usage. In automotive electric HVAC compressor market analysis, it is found that even though an electric compressor is a vital part of an electric vehicle, demand for electric cars alone drives the market for electric compressors. Therefore, any growth in the use of electric cars would immediately result in a rise in the need for electric compressors.
Get a Sample Copy of the Automotive Electric HVAC Compressor Market Research Report: https://www.delvens.com/get-free-sample/automotive-electric-hvac-compressor-market
Also Check Report on Electric Scooter and Motorcycle Market
The air conditioning system uses 20% of a car's total energy, which has an impact on, among other things, the vehicle's acceleration and range. This ratio may be decreased by an electric compressor, increasing the electric vehicle's overall efficiency and range and thus supporting in automotive electric HVAC compressor market growth rate. Electric compressors come with an internal rotation speed control that may be adjusted to save energy usage. Electric compressors prolong the life of the lithium-ion battery while providing good performance at low revolutions.
Automotive Electric HVAC Compressor Market Regional Analysis
The Asia Pacific regional market accounted for the high rate of EV adoption in China. China accounted for more than half of the global electric compressor sales in 2020. The continued development of EV charging and transport infrastructure in developing countries across Asia Pacific is expected to boost the sales of electric vehicles and subsequently the demand for electric compressors over the forecast period.
The light commercial vehicle (LMV) automotive electric HVAC compressor market in North America is dominated by the USA, which is expected to continue in the coming future.
Automotive Electric HVAC Compressor Market Competitive Landscape
Key Players
• Denso Corporation
• Hanon Systems
• MAHLE GmbH
• SANDEN Holdings Corporation
• Toyota Industries Corporation
• Highly Marelli Holdings Co., Ltd.
• Valeo S.A.
Automotive Electric HVAC Compressor Market Recent Developments
• Mar-2021: Hanon Systems expanded its global footprint by building its fifth plant in Korea. The facility would make a variety of solutions that includes heat pump modules and coolant valve assemblies to complement electric vehicles for the Genesis brand & Ioniq 5 model of the Hyundai Motor Group.
• Apr-2021: Sanden Huayu Automotive Air-Conditioning joined hands with ROHM Semiconductor. This collaboration aims to strengthen their collaborative partnership and accelerate technical innovation in the automotive industry by offering power solutions, which fulfill both customer requirements and market trends.
Reasons to Acquire in the Automotive Electric HVAC Compressor Market
• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Automotive Electric HVAC Compressor Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
Direct Purchase of Automotive Electric HVAC Compressor Market Report Research Report: https://www.delvens.com/checkout/automotive-electric-hvac-compressor-market
Frequently Asked Questions
What are the years considered to study Automotive Electric HVAC Compressor Market intelligence report?
What is the compound annual growth rate (CAGR) of the Automotive Electric HVAC Compressor Market?
Which region holds the largest market share in Automotive Electric HVAC Compressor Market?
Which region is the fastest growing in Automotive Electric HVAC Compressor Market?
Who are the major players in Automotive Electric HVAC Compressor Market?
Browse Related Reports:
Racing Vehicles Market – Trends Forecast Till 2030
Racing Vehicles Market by Type (Racing Cars, Racing Motorcycle, Racing Trucks, Others) and by Application (F1, NASCAR, WRC, Grassroots Car Racing, Formula E, Others) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).
Sports Car Market – Trends Forecast Till 2030
Sports Car Market by Type (Hybrid, EV, Gasoline Power, Diesel Power), By Application (Commercial, Private), By Segment (Luxury, Ultra-Luxury, Performance, High-Performance), By Sub-segment (Convertible, Coupe, Hatchback, Roadster), By Distribution Channel (Dealership, Online, Direct Sales), By End-User (Racing, Leisure, Transport, Collection) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).
About Us:
Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally.
Delvens database assists the clients by providing in-depth information in crucial business decisions. Delvens offers significant facts and figures across various industries namely Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.
Contact Us:
UNIT NO. 2126, TOWER B,
21ST FLOOR ALPHATHUM
SECTOR 90 NOIDA 201305, IN
+44-20-8638-5055
[email protected]