Automotive Air-Conditioning Electric Compressors Market Growth Analysis, Market Dynamics, Key Players and Innovations, Outlook and Forecast 2024-2030

The global Automotive Air-Conditioning Electric Compressors market demonstrated a value of US$ 3,168.85 million in 2022, with a projected surge to US$ 9,334.82 million by 2029. This anticipates a noteworthy Compound Annual Growth Rate (CAGR) of 14.09% during the forecast period from 2023 to 2029.

Regional Market Insights:

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Europe:

• The European market for Automotive Air-Conditioning Electric Compressors is expected to grow from $315.20 million in 2023 to $625.37 million by 2029.
• This signifies a substantial CAGR of 12.10% over the forecast period, reflecting a positive market trajectory in the region.

China:

• In China, the market for Automotive Air-Conditioning Electric Compressors is estimated to increase from $2,437.88 million in 2023 to $5,974.78 million by 2029.
• The projected CAGR of 16.11% highlights a robust growth trend, indicative of increasing demand in the Chinese market.

Japan:

• Japan's market for Automotive Air-Conditioning Electric Compressors is anticipated to rise from $1,269.86 million in 2023 to $2,286.54 million by 2029.
• A CAGR of 10.30% suggests a steady expansion of the market during the forecast period in Japan.

South Korea:

• South Korea's market for Automotive Air-Conditioning Electric Compressors is expected to grow from $172.01 million in 2023 to $279.15 million by 2029.
• Despite a slightly lower CAGR of 8.40%, the market exhibits positive growth prospects in South Korea.

Major Global Manufacturers:

• The significant global manufacturers in the Automotive Air-Conditioning Electric Compressors market include Toyota Industries, Hanon Systems, BYD, Sanden HASCO, Sanden, Aotecar, Zhongcheng New Energy, Valeo, Shanghai Highly, Shanghai Velle (Huayi), Weiling Auto Parts (Media), SONGZ, Yuebo Auto, Shanghai Guangyu, Xingtai Guiyou New Energy, Sichuan TianQuan, Yinhe Electronics, Shanghai Benling, Yinmao Holding Group, among others.
• In 2022, the top three vendors globally accounted for approximately 56.14% of the revenue, indicating a concentrated market share among key players.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Automotive Air-Conditioning Electric Compressors, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automotive Air-Conditioning Electric Compressors.

The Automotive Air-Conditioning Electric Compressors market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Automotive Air-Conditioning Electric Compressors market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Automotive Air-Conditioning Electric Compressors manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

By Company

• Toyota Industries
• Hanon Systems
• BYD
• Sanden HASCO
• Sanden
• Aotecar
• Zhongcheng New Energy
• Valeo
• Shanghai Highly
• Shanghai Velle (Huayi)
• Weiling Auto Parts (Media)
• SONGZ
• Yuebo Auto
• Shanghai Guangyu
• Xingtai Guiyou New Energy
• Sichuan TianQuan
• Yinhe Electronics
• Shanghai Benling
• Yinmao Holiding Group
• MAHLE
• Mitsubishi
• Brose
• Panasonic

By Type

• Below 25 cc/r
• 25~40 cc/r
• Above 40 cc/r

By Application

• Passenger Vehicle
• Commercial Vehicle

Production By Region

• North America
• Europe
• China
• Japan
• South Korea

Consumption by Region

• North AmericaU.S.Canada
• Asia-PacificChinaJapanSouth Korea
• EuropeGermanyFranceU.K.ItalyRussiaRest of Europe

key trends in the automotive air-conditioning electric compressors market:

• Growing electric vehicle adoption is a major driver, as EVs require electric compressors instead of belt-driven compressors. Stringent emission regulations further boost the trend.
• Manufacturers are developing more efficient and lightweight compressors to improve EV driving range. Variable-speed and dual-clutch compressor designs are gaining traction.
• Integration of advanced technologies like sensor-based controls, smart connectivity features is enhancing performance and comfort delivery.
• Customized compressors tailored for specific vehicle classes/models are gaining prominence. Manufacturers are partnering with automakers for co-development.
• The market is shifting from swash plate and scroll compressors to more efficient centrifugal and rotary compressors utilizing brushless DC motors.
• Adoption in autonomous, shared, and last-mile delivery vehicles is opening new opportunities backed by increasing urbanization.
• Asia Pacific dominates due to large EV production bases and growing domestic demand. However, Europe and North America are also high potential markets.
• Industry consolidation is ongoing as tier-1 suppliers acquire smaller component makers to expand capabilities.
• Sustainability initiatives like reducing refrigerant leakages and improving energy-efficiency and recyclability will shape long-term demand.

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