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Global Automotive Electric HVAC Compressor Market, By Component, By Cooling Capacity, By Voltage Range, By Vehicle Type, By Drive Train, By Sales Channel, Estimation & Forecast, 2018-2031

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  • 535 Pages
  • July 2023
  • Region: Global
  • Astute Analytica
  • ID: 5864807
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The global automotive electric HVAC compressor market held a market value of US$ 10.51 Billion in 2022 and is estimated to reach US$ 58.32 Billion by the year 2031

The global automotive electric HVAC compressor market held a market value of US$ 10.51 Billion in 2022 and is estimated to reach US$ 58.32 Billion by the year 2031. The market value is projected to list a CAGR of 21.33% during the forecast period. The market volume in 2022 was 30442.71 thousand units, and is expected to grow at a rate of 30.85% over the forecast period.

With the rise of electric vehicles (EVs), the demand for efficient and reliable HVAC systems has increased significantly. Electric HVAC compressors are becoming increasingly popular in EVs due to their energy efficiency, reliability, and compact size. Unlike traditional HVAC systems that rely on a belt-driven compressor, electric HVAC compressors use an electric motor to compress refrigerant gases, which makes them more efficient and reliable. Manufacturers are investing in research and development to improve the performance and reliability of these systems, and this is expected to drive continued growth in the market in the coming years.

Growth Influencers:

Growing Focus on Controlling Interior Thermal Environment of Vehicles to Ensure Safety and Comfort
The growing focus on controlling the interior thermal environment of vehicles to ensure safety and comfort is a significant driver for the automotive electric HVAC compressor market. HVAC (Heating, Ventilation, and Air Conditioning) systems are essential components in modern vehicles, and they play a critical role in maintaining a comfortable and safe interior environment. In addition to improving energy efficiency, electric HVAC compressors also provide greater control over the interior thermal environment of vehicles. They can quickly and accurately adjust the temperature and humidity levels in the cabin, which helps to ensure passenger comfort and safety. The growing demand for electric vehicles and the need for efficient and reliable HVAC systems are driving the growth of the automotive electric HVAC compressor market.

Growing Sales of EVs Fueled by Stringent Regulatory Requirements
The market for automotive electric HVAC compressors is primarily driven by the rising tendency of electric vehicle adoption. The demand for automotive electric HVAC compressors will increase as more people transition to electric vehicles. The need to decrease dependence on fossil fuels, the desire to minimize carbon dioxide emissions, and the increasing affordability of electric cars are some of the factors driving this trend. The market for car electric HVAC compressors will expand as more people switch to using electric vehicles, which will increase the demand for these units.

Segments Overview:

The global automotive electric HVAC compressor market is segmented into component, cooling capacity, voltage range, vehicle type, drivetrain, sales channel.

By Component

Compressor Section

  • Motor
  • Power Module
  • Intelligent
  • Others
  • Oil Separator
  • Others
On the basis of compressor section, the motor segment is expected to grow highest a rate of 22.53%. The power module segment held the highest market share with 33.91% in 2022.

By Cooling Capacity

  • 2 - 3 kw
  • 3 - 4 kw
  • 4 - 5 kw
  • More than 5 kw
The 3-4 kw segment held the highest market share with 43.02% in 2022. Moreover, the 4-5 kw segment is estimated to hold the highest rate of 22.26% over the forecast period.

By Voltage Range

  • 10 - 16V DC
  • 20 - 31V DC
  • 35 - 65V DC
  • 58 - 92V DC
  • 80 - 120V DC
The 20-31V DC segment held the highest market share of 42.93% in 2022, with the highest CAGR of 21.93% over the forecast period.

By Vehicle Type

Heavy Duty Vehicles

  • Large Pickups
  • Delivery Trucks
  • Recreational Vehicles

Light-duty Vehicles (LCVs)

  • Passenger Cars
  • Buses
  • Passenger Vans
  • Sports Utility Vehicles
The LCVs segment held the highest market share of 61.1% in 2022 with the highest CAGR of 14.24%.

By Drivetrain

  • Plug-in Hybrid Electric Vehicle (PHEV)
  • Battery Electric Vehicle (BEV)
  • Hybrid Electric Vehicle (HEV)
The BEV segment is anticipated to grow the highest CAGR of 21.75 % over the forecast period. The HEV segment held the highest market share with 59.46% in 2022.

By Sales Channel

  • OEMs
  • Aftermarket
The OEMs segment held the highest market share of 77.55% in 2022, with the highest CAGR of 21.71% over the forecast period.

Regional Overview
By region, the global automotive electric HVAC compressors market is divided into North America, Asia Pacific, Western Europe, and rest of the world. The North American market for automotive electric HVAC compressors is divided into the US, Canada, and Mexico.

Moreover, the Western European automotive electric HVAC compressors chemicals market is segmented into the UK, Germany, France, Italy, Spain. The European market for automotive electric HVAC compressors is expected to hold the fastest growth rate of 22.7% over the forecast period. The Asia-Pacific market for automotive electric HVAC compressors is divided into China, India, Japan, South Korea, ASEAN, and rest of Asia Pacific. The Asia Pacific market held the highest market share with 58.16% in 2022. Furthermore, the rest of the world region is divided into Middle East, South America, and rest of Europe.

Competitive Landscape

The major four market participants for automotive electric HVAC compressors collectively hold close to 40% of the industry. Robert Bosch GmbH, Continental Group, Denso Corporation, Hanon Systems, MAHLE GmbH, SANDEN Holdings Corporation, Toyota Industries Corporation, Highly Marelli Holdings Co., Ltd., Valeo S.A. and other companies are the major market participants. Bosch announced in June 2021 that it had reached a long-term agreement to provide integrated power electronics into its electric air compressors to Cellcentric, a joint venture between Daimler Truck AG and Volvo Group AB that is working to develop hydrogen fuel cell systems. In fuel cells, hydrogen and atmospheric oxygen combine to create heat, water, and electrical energy. The Cellcentric fuel-cell system for heavy trucks and stationary applications will include the air compressor, which provides the necessary quantity of filtered air. The German company headquartered in Gerlingen expects to start large-scale production in the middle of this decade.

The global automotive electric HVAC compressor market report provides insights on the below pointers:

  • Market Penetration: Provides comprehensive information on the market offered by the prominent players
  • Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
  • Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments
  • Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the global automotive electric HVAC compressor market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
  • Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
  • Pricing Analysis: Pricing analysis of various components

Automotive Electric HVAC Compressor Market Overview

  • Global Sales of Electric Vehicle.

The global automotive electric HVAC compressor market report answers questions such as:

  • What is the market size and forecast of the global automotive electric HVAC compressor market?
  • What are the inhibiting factors and impact of COVID-19 on the global automotive electric HVAC compressor market during the assessment period?
  • Which are the products/segments/applications/areas to invest in over the assessment period in the global automotive electric HVAC compressor market?
  • What is the competitive strategic window for opportunities in the global automotive electric HVAC compressor market?
  • What are the technology trends and regulatory frameworks in the global automotive electric HVAC compressor market?
  • What is the market share of the leading players in the global automotive electric HVAC compressor market?
  • What modes and strategic moves are considered favorable for entering the global automotive electric HVAC compressor market?

Table of Contents

Chapter 1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
Chapter 2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Sources
2.2. Quantitative Research
2.2.1. Primary & Secondary Sources
2.3. Breakdown of Primary Research Respondents, By Region
2.4. Assumption for the Study
2.5. Market Size Estimation
2.6. Data Triangulation
Chapter 3. Executive Summary: Global Automotive Electric HVAC Compressor Market
Chapter 4. Global Automotive Electric HVAC Compressor Market Overview
4.1. Industry Value Chain Analysis
4.1.1. Material Provider
4.1.2. Manufacturer
4.1.3. Distributor
4.1.4. End User
4.2. Industry Outlook
4.2.1. Global Sales of Electric Vehicle
4.3. PESTLE Analysis
4.4. Porter's Five Forces Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of Substitutes
4.4.4. Threat of New Entrants
4.4.5. Degree of Competition
4.5. Market Dynamics and Trends
4.5.1. Growth Drivers
4.5.2. Restraints
4.5.3. Opportunity
4.5.4. Key Trends
4.6. Covid-19 Impact Assessment on Market Growth Trend
4.7. Market Growth and Outlook
4.7.1. Market Revenue Estimates and Forecast (US$ Bn), 2018-2031
4.7.2. Market Volume Estimates and Forecast (000’ Units), 2018-2031
4.7.3. Price Trend Analysis, By Vehicle Type
4.8. Competition Dashboard
4.8.1. Market Concentration Rate
4.8.2. Company Market Share Analysis (Value %), 2022
4.8.3. Competitor Mapping
Chapter 5. Global Automotive Electric HVAC Compressor Market Analysis, By Component
5.1. Key Insights
5.2. Market Size and Forecast, 2018-2031 (US$ Mn and 000' Units)
5.2.1. Compressor Section
5.2.2. Motor
5.2.3. Power Module
5.2.3.1. Intelligent
5.2.3.2. Others
5.2.4. Oil Separator
5.2.5. Others
Chapter 6. Global Automotive Electric HVAC Compressor Market Analysis, By Cooling Capacity
6.1. Key Insights
6.2. Market Size and Forecast, 2018-2031 (US$ Mn and 000' Units)
6.2.1.
2 - 3 kw
6.2.2.
3 - 4 kw
6.2.3.
4 - 5 kw
6.2.4. More than 5 kw
Chapter 7. Global Automotive Electric HVAC Compressor Market Analysis, By Voltage Range
7.1. Key Insights
7.2. Market Size and Forecast, 2018-2031 (US$ Mn and 000' Units)
7.2.1.
10 - 16V DC
7.2.2.
20 - 31V DC
7.2.3.
35 - 65V DC
7.2.4.
58 - 92V DC
7.2.5.
80 - 120V DC
Chapter 8. Global Automotive Electric HVAC Compressor Market Analysis, By Vehicle Type
8.1. Key Insights
8.2. Market Size and Forecast, 2018-2031 (US$ Mn and 000' Units)
8.2.1. Heavy Duty Vehicles
8.2.1.1. Large Pickups
8.2.1.2. Delivery Trucks
8.2.1.3. Recreational Vehicles
8.2.2. Light-duty Vehicles (LCVs)
8.2.2.1. Passenger Cars
8.2.2.2. Buses
8.2.2.3. Passenger Vans
8.2.2.4. Sports Utility Vehicles
Chapter 9. Global Automotive Electric HVAC Compressor Market Analysis, By Drivetrain
9.1. Key Insights
9.2. Market Size and Forecast, 2018-2031 (US$ Mn and 000' Units)
9.2.1. Plug-in Hybrid Electric Vehicle (PHEV
9.2.2. Battery Electric Vehicle (BEV)
9.2.3. Hybrid Electric Vehicle (HEV)
Chapter 10. Global Automotive Electric HVAC Compressor Market Analysis, By Sales Channel
10.1. Key Insights
10.2. Market Size and Forecast, 2018-2031 (US$ Mn and 000' Units)
10.2.1. OEMs
10.2.2. Aftermarket
Chapter 11. Global Automotive Electric HVAC Compressor Market Analysis, By Region
11.1. Key Insights
11.2. Market Size and Forecast, 2018-2031 (US$ Mn and 000' Units)
11.2.1. North America
11.2.1.1. The U.S.
11.2.1.2. Canada
11.2.1.3. Mexico
11.2.2. Western Europe
11.2.2.1. UK
11.2.2.2. Germany
11.2.2.3. France
11.2.2.4. Italy
11.2.2.5. Spain
11.2.2.6. Rest of Western Europe
11.2.3. Asia Pacific
11.2.3.1. China
11.2.3.2. India
11.2.3.3. Japan
11.2.3.4. South Korea
11.2.3.5. ASEAN
11.2.3.6. Rest of Asia Pacific
11.2.4. Rest of the World
11.2.4.1. Middle East
11.2.4.2. South America
11.2.4.3. Rest of Europe
Chapter 12. North America Automotive Electric HVAC Compressor Market Analysis
12.1. Key Insights
12.2. Market Size and Forecast, 2018-2031 (US$ Mn and 000' Units)
12.2.1. By Component
12.2.2. By Cooling Capacity
12.2.3. By Voltage Range
12.2.4. By Vehicle Type
12.2.5. By Drivetrain
12.2.6. By Sales Channel
12.2.7. By Country
Chapter 13. Western Europe Automotive Electric HVAC Compressor Market Analysis
13.1. Key Insights
13.2. Market Size and Forecast, 2018-2031 (US$ Mn and 000' Units)
13.2.1. By Component
13.2.2. By Cooling Capacity
13.2.3. By Voltage Range
13.2.4. By Vehicle Type
13.2.5. By Drivetrain
13.2.6. By Sales Channel
13.2.7. By Country
Chapter 14. Asia Pacific Automotive Electric HVAC Compressor Market Analysis
14.1. Key Insights
14.2. Market Size and Forecast, 2018-2031 (US$ Mn and 000' Units)
14.2.1. By Component
14.2.2. By Cooling Capacity
14.2.3. By Voltage Range
14.2.4. By Vehicle Type
14.2.5. By Drivetrain
14.2.6. By Sales Channel
14.2.7. By Country
Chapter 15. Rest of the World Automotive Electric HVAC Compressor Market Analysis
15.1. Key Insights
15.2. Market Size and Forecast, 2018-2031 (US$ Mn and 000' Units)
15.2.1. By Component
15.2.2. By Cooling Capacity
15.2.3. By Voltage Range
15.2.4. By Vehicle Type
15.2.5. By Drivetrain
15.2.6. By Sales Channel
Chapter 16. US Automotive Electric HVAC Compressor Market Analysis
16.1. Key Insights
16.2. Market Size and Forecast, 2018-2031 (US$ Mn and 000' Units)
16.2.1. By Component
16.2.2. By Cooling Capacity
16.2.3. By Voltage Range
16.2.4. By Vehicle Type
16.2.5. By Drivetrain
16.2.6. By Sales Channel
Chapter 17. Canada Automotive Electric HVAC Compressor Market Analysis
17.1. Key Insights
17.2. Market Size and Forecast, 2018-2031 (US$ Mn and 000' Units)
17.2.1. By Component
17.2.2. By Cooling Capacity
17.2.3. By Voltage Range
17.2.4. By Vehicle Type
17.2.5. By Drivetrain
17.2.6. By Sales Channel
Chapter 18. Mexico Automotive Electric HVAC Compressor Market Analysis
18.1. Key Insights
18.2. Market Size and Forecast, 2018-2031 (US$ Mn and 000' Units)
18.2.1. By Component
18.2.2. By Cooling Capacity
18.2.3. By Voltage Range
18.2.4. By Vehicle Type
18.2.5. By Drivetrain
18.2.6. By Sales Channel
Chapter 19. UK Automotive Electric HVAC Compressor Market Analysis
19.1. Key Insights
19.2. Market Size and Forecast, 2018-2031 (US$ Mn and 000' Units)
19.2.1. By Component
19.2.2. By Cooling Capacity
19.2.3. By Voltage Range
19.2.4. By Vehicle Type
19.2.5. By Drivetrain
19.2.6. By Sales Channel
Chapter 20. Germany Automotive Electric HVAC Compressor Market Analysis
20.1. Key Insights
20.2. Market Size and Forecast, 2018-2031 (US$ Mn and 000' Units)
20.2.1. By Component
20.2.2. By Cooling Capacity
20.2.3. By Voltage Range
20.2.4. By Vehicle Type
20.2.5. By Drivetrain
20.2.6. By Sales Channel
Chapter 21. France Automotive Electric HVAC Compressor Market Analysis
21.1. Key Insights
21.2. Market Size and Forecast, 2018-2031 (US$ Mn and 000' Units)
21.2.1. By Component
21.2.2. By Cooling Capacity
21.2.3. By Voltage Range
21.2.4. By Vehicle Type
21.2.5. By Drivetrain
21.2.6. By Sales Channel
Chapter 22. Italy Automotive Electric HVAC Compressor Market Analysis
22.1. Key Insights
22.2. Market Size and Forecast, 2018-2031 (US$ Mn and 000' Units)
22.2.1. By Component
22.2.2. By Cooling Capacity
22.2.3. By Voltage Range
22.2.4. By Vehicle Type
22.2.5. By Drivetrain
22.2.6. By Sales Channel
Chapter 23. Spain Automotive Electric HVAC Compressor Market Analysis
23.1. Key Insights
23.2. Market Size and Forecast, 2018-2031 (US$ Mn and 000' Units)
23.2.1. By Component
23.2.2. By Cooling Capacity
23.2.3. By Voltage Range
23.2.4. By Vehicle Type
23.2.5. By Drivetrain
23.2.6. By Sales Channel
Chapter 24. Rest of Western Europe Automotive Electric HVAC Compressor Market Analysis
24.1. Key Insights
24.2. Market Size and Forecast, 2018-2031 (US$ Mn and 000' Units)
24.2.1. By Component
24.2.2. By Cooling Capacity
24.2.3. By Voltage Range
24.2.4. By Vehicle Type
24.2.5. By Drivetrain
24.2.6. By Sales Channel
Chapter 25. China Automotive Electric HVAC Compressor Market Analysis
25.1. Key Insights
25.2. Market Size and Forecast, 2018-2031 (US$ Mn and 000' Units)
25.2.1. By Component
25.2.2. By Cooling Capacity
25.2.3. By Voltage Range
25.2.4. By Vehicle Type
25.2.5. By Drivetrain
25.2.6. By Sales Channel
Chapter 26. India Automotive Electric HVAC Compressor Market Analysis
26.1. Key Insights
26.2. Market Size and Forecast, 2018-2031 (US$ Mn and 000' Units)
26.2.1. By Component
26.2.2. By Cooling Capacity
26.2.3. By Voltage Range
26.2.4. By Vehicle Type
26.2.5. By Drivetrain
26.2.6. By Sales Channel
Chapter 27. Japan Automotive Electric HVAC Compressor Market Analysis
27.1. Key Insights
27.2. Market Size and Forecast, 2018-2031 (US$ Mn and 000' Units)
27.2.1. By Component
27.2.2. By Cooling Capacity
27.2.3. By Voltage Range
27.2.4. By Vehicle Type
27.2.5. By Drivetrain
27.2.6. By Sales Channel
Chapter 28. South Korea Automotive Electric HVAC Compressor Market Analysis
28.1. Key Insights
28.2. Market Size and Forecast, 2018-2031 (US$ Mn and 000' Units)
28.2.1. By Component
28.2.2. By Cooling Capacity
28.2.3. By Voltage Range
28.2.4. By Vehicle Type
28.2.5. By Drivetrain
28.2.6. By Sales Channel
Chapter 29. ASEAN Automotive Electric HVAC Compressor Market Analysis
29.1. Key Insights
29.2. Market Size and Forecast, 2018-2031 (US$ Mn and 000' Units)
29.2.1. By Component
29.2.2. By Cooling Capacity
29.2.3. By Voltage Range
29.2.4. By Vehicle Type
29.2.5. By Drivetrain
29.2.6. By Sales Channel
Chapter 30. Rest of Asia Pacific Automotive Electric HVAC Compressor Market Analysis
30.1. Key Insights
30.2. Market Size and Forecast, 2018-2031 (US$ Mn and 000' Units)
30.2.1. By Component
30.2.2. By Cooling Capacity
30.2.3. By Voltage Range
30.2.4. By Vehicle Type
30.2.5. By Drivetrain
30.2.6. By Sales Channel
Chapter 31. Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Business Strategy Outlook)
31.1. Calsonic Kansei Corporation
31.2. Continental Group
31.3. DENSO
31.4. Hanon Systems
31.5. Keihin Corporation
31.6. MAHLE Group
31.7. Michigan Automotive Compressor, Inc
31.8. Robert Bosch GmbH
31.9. SANDEN CORPORATION
31.10. Subros Limited
31.11. TOYOTA INDUSTRIES CORPORATION
31.12. Valeo SA
31.13. Other Prominent Players

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Calsonic Kansei Corporation
  • Continental Group
  • DENSO
  • Hanon Systems
  • Keihin Corporation
  • MAHLE Group
  • Michigan Automotive Compressor, Inc
  • Robert Bosch GmbH
  • SANDEN CORPORATION
  • Subros Limited
  • TOYOTA INDUSTRIES CORPORATION
  • Valeo SA

Table Information

Report AttributeDetails
No. of Pages535
PublishedJuly 2023
Forecast Period2022 - 2031
Estimated Market Value ( USD ) in 2022 $ 10.51 Billion
Forecasted Market Value ( USD ) by 2031 $ 58.32 Billion
Compound Annual Growth Rate21.3%
Regions CoveredGlobal

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About the Automotive Electric HVAC Compressor Market

The Automotive Electric HVAC Compressor market is a subset of the HVAC (Heating, Ventilation, and Air Conditioning) industry. It is composed of companies that manufacture and supply electric compressors for automotive air conditioning systems. These compressors are used to circulate refrigerant through the air conditioning system, allowing for the cooling of the vehicle's interior. Electric compressors are becoming increasingly popular in the automotive industry due to their efficiency and low maintenance requirements. They are also more environmentally friendly than traditional compressors, as they do not require the use of refrigerants that can be harmful to the environment. The Automotive Electric HVAC Compressor market is highly competitive, with many companies offering a wide range of products. Some of the major players in the market include Denso, Delphi Technologies, Sanden, and Valeo. Other companies such as Johnson Electric, Calsonic Kansei, and Mahle are also active in the market. Show Less Read more

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