The global automotive e compressor market size is all set to grow at CAGR 32.8% valuation to touch USD 27.2 billion
Acumen Research and Consulting
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As per research conducted by Acumen Research and consulting, the global automotive e-compressor market size is all set to grow at CAGR?32.8% between 2020 and?2027 to touch valuation of?USD 27.2 billion?by 2027.?
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Automotive e-compressors are sealed type of compressors that?function with its?own motor inside. It does so that the?compressor?terminals are used to transmit?power. The compressor’s terminal avoids?leakage of refrigerant and directs it to transfer large amounts of energy from battery to AC?compressor in the hybrid and in EV (electric vehicles). ??
Various developmental activities are being?conducted in the automotive e-compressors segment. The EDCs or electronic data capture services with higher cooling capacity for the cabin AC and?the heat pump system along?with the battery’s thermal management systems. They improve the vehicle’s?comfort and battery’s cooling after quick charging with reduction in carbon dioxide?emission. There is room for development as there is lot of?competition in the market as well as a need?reduce?size, cost, weight and increase?efficiency.?
E-compressor Market Dynamics?
Enormous growth in the?hybrid and EV car segment?has been the key factor in driving the automotive e-compressor market. Fuel saving cost benefits will?further enhance the consumer preference to?purchase the hybrid and EV cars. Rising government support for sustainable mobility?will drive up the?future growth of EVs. Insufficient information distributed among the buyers along with?insufficient knowledge regarding the service and charging of operations of EVs and hybrid vehicles restrains the market from growing worldwide.?
Additionally electric connection for compressors and the feed-through are still crucial along with the high voltage connections. These factors act as a challenge for automotive e-compressor market to expand worldwide.?
Regional analysis?of the e compressor market
Europe is the global leader in the e-compressor market, followed?by Asia Pacific, given the prominent automotive market players presence in the region giving a boost to the automotive e-compressor market in the continent.?
There are 16 million units being?manufactured in Europe alone which is 26% of the world’s yearly output. With?yearly turnover of car?segment at?USD 850 billion. Europe also invests heavily in?R&D activities.?
Asia Pacific has been?gaining momentum?in?regional market of the?automotive e-compressors industry. China stands as the world’s biggest?automobile manufacturer. it is estimated that?China will gain a?market share of 30% in the vehicle segment.?
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President Richland Glass
1 年Very interesting.