The global automotive scroll e-compressor market is experiencing
growth due to several factors such as rise in electric vehicle
adoption, stringent emission regulation, and advancement in
electric compressor technology.
WILMINGTON, Del., Sept. 4,
2024 /PRNewswire/ -- Allied Market Research published
a report, titled, "Automotive Scroll e-Compressor
Market by Type (Below 25 Cc, 25-40 Cc and Above 40 Cc),
by Material (Steel, Aluminum and Others), Vehicle Type (Hatchback,
Sedan, SUV, LCV and HCV), and Sales Channel (OEM and Aftermarket):
Global Opportunity Analysis and Industry Forecast, 2024-2033".
According to the report, the automotive scroll e-compressor market
was valued at $6.6 billion in 2023,
and is estimated to reach $20.8
billion by 2033, growing at a CAGR of 12.6% from 2024 to
2033.
Prime determinants of growth
The overall growth and trends within the automotive industry
significantly impact the demand for scroll e-compressors. Factors
such as increasing vehicle production, rising consumer demand for
comfort features, and regulatory requirements for improved energy
efficiency drive the adoption of advanced HVAC systems powered by
scroll e-compressors. The shift towards electric vehicles is a
major driver of growth for the Automotive Scroll E-Compressor
Market. EVs require efficient and reliable electric compressors for
their climate control systems, creating a significant demand for
scroll e-compressors. Government incentives, environmental
regulations, and technological advancements in EVs further
accelerate this demand.
Request Sample of the Report on Automotive Scroll
e-Compressor Market Forecast 2033:
https://www.alliedmarketresearch.com/request-sample/A118662
Report coverage & details:
Report
Coverage
|
Details
|
Forecast
Period
|
2024–2032
|
Base
Year
|
2023
|
Market Size in
2022
|
$6.6
billion
|
Market Size in
2032
|
$20.8
billion
|
CAGR
|
12.6 %
|
No. of Pages in
Report
|
324
|
Segments
Covered
|
Type, Material, Vehicle
Type, Sales Channel and Region
|
Drivers
|
Rise in Electric
Vehicle Adoption
|
Stringent Emission
Regulation
|
Advancement in Electric
Compressor Technology
|
Opportunities
|
integration with
connected car ecosystems
|
Restraint
|
Infrastructure
Challenges
|
Technical Integration
Challenges
|
Procure Complete Report (324 Pages PDF with Insights, Charts,
Tables, and Figures):
https://www.alliedmarketresearch.com/checkout-final/automotive-scroll-e-compressor-market-A118662
Segment Highlights
By Type
The below 25 cc segment is expected to grow faster throughout
the forecast period.
The below 25cc segment is anticipated to experience faster
growth in the automotive scroll e-compressor market due to the
increasing demand for compact and fuel-efficient vehicles, where
smaller engines require efficient and space-saving scroll
e-compressors for climate control systems.
By Material
The steel segment is expected to grow faster throughout the
forecast period.
The steel segment is anticipated to experience faster growth in
the automotive scroll e-compressor market due to steel's
durability, cost-effectiveness, and widespread availability, making
it a preferred material for manufacturing scroll e-compressors,
especially for high-volume automotive applications.
By Vehicle Type
The sedan segment is expected to grow faster throughout the
forecast period.
The steel segment is anticipated to experience faster growth in
the automotive scroll e-compressor market due to sedans often being
equipped with advanced climate control systems, where scroll
e-compressors offer superior efficiency, compactness, and quiet
operation, meeting consumer demands for comfort and performance in
this vehicle category.
By Sales Channel
The Aftermarket segment is expected to grow faster throughout
the forecast period.
The aftermarket segment is anticipated to experience faster
growth in the automotive scroll e-compressor market due to the
increasing demand for replacement and upgrade options for existing
vehicles. As consumers seek to improve the efficiency and
performance of their vehicles' air conditioning systems,
aftermarket scroll e-compressors offer a convenient solution,
providing enhanced cooling capabilities and energy efficiency.
Additionally, the aftermarket segment benefits from a wide range of
vehicle models and customization options, catering to diverse
consumer preferences and vehicle requirements.
By Region
Asia-Pacific to maintain its
dominance by 2032.
Aisa-Pacific is expected to maintain its dominance in the gear
market by 2032 owing to the region's rapid industrialization,
increasing vehicle production, and a growing automotive
aftermarket. Additionally, factors such as the rising adoption of
electric vehicles, stringent emission regulations, and
technological advancements in automotive HVAC systems contribute to
the strong demand for scroll e-compressors in Asia-Pacific. The region's expanding middle
class, urbanization, and infrastructure development further drive
the need for efficient climate control solutions, fueling the
growth of the Automotive Scroll E-Compressor Market in Asia-Pacific.
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Key Market Players:
- Denso Corporation
- Valeo S.A.
- Hanon Systems
- Sanden Holdings Corporation
- MAHLE GmbH
- Mitsubishi Electric Corporation
- Delphi Technologies
- Calsonic Kansei Corporation
- Panasonic Corporation
- LG Electronics Inc.
The report provides a detailed analysis of these key players in
the global Automotive scroll e-compressor Market. These players
have adopted different strategies such as new product launches,
collaborations, expansion, joint ventures, agreements, and others
to increase their market share and maintain dominant shares in
different regions. The report is valuable in highlighting business
performance, operating segments, product portfolio, and strategic
moves of market players to showcase the competitive
scenario.
Recent Development:
- In March 2024, the Fors
collaborated with Seeing Machine; through this collaboration,
Seeing Machine offered Fors accredited operators its world-leading
driver fatigue and distraction solution. The solution is based on
Seen Machine automotive-grade safety technology driven by decades
of human factors research with monitoring and intervention by
people. Used by more than 800 fleets globally, Guardian combines
artificial intelligence with computer vision to monitor a driver's
state and intervene when necessary to prevent the potentially
devastating consequences of fatigue and distraction.
- In January 2021, the Molex a
prominent global provider of connectivity and electronics
solutions, unveiled an accelerometer-based Road Noise Cancelling
(RNC) sensor, marking the debut of a novel range of automotive
Active Noise Cancellation (ANC) sensors. These cutting-edge sensors
represent a breakthrough in automotive technology, designed to
address the challenge of unwanted road, wind, and heating,
ventilation, and air condition (HVAC) car noise. By leveraging
advanced ANC technology, these sensors actively mitigate
low-frequency sounds that contribute to driver fatigue, enhancing
the overall driving experience and promoting driver comfort and
safety on the road.
- In June 2021, the Omnitracs
launched SmartSense for Inattentive Driving+, the latest iteration
of its SmartSense technology. This advanced system integrates
cab-facing cameras and sensors equipped with artificial
intelligence (AI) and computer vision capabilities. By employing AI
algorithms, it can detect potential signs of driver sleepiness,
drowsiness, cell phone usage, smoking, and general inattention.
Upon detection, the system promptly alerts drivers to take
corrective action, helping prevent collisions and enhance overall
road safety.
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