(MENAFN- GlobeNewsWire - Nasdaq)
NEWARK, Del, May 15, 2023 (GLOBE NEWSWIRE) -- The automotive e-compressor market is predicted to be worth US$ 1,730.7 Million in 2023 and rise to US$ 5,048.5 Million by 2033. The global industry was expanding at a CAGR of 7.3% from 2018 to 2022.
The demand for automotive e-compressor is driven by the increased popularity of vehicle electrification or hybridization during the projected period. However, one of the key restraints for the global market is the high installation and maintenance cost of these devices, as well as their complexity in repair and maintenance.
The market growth is also being constrained by consumers' lack of understanding of how hybrid and electric vehicles are serviced and charged.
To encourage users to switch to electric vehicles, the government offers several incentives and subsidies. During the forecast period, there is likely to be a substantial demand for electric vehicles as a result of this. Due to technological developments, many electric automobiles are being produced and sold, which presents additional possibilities for market expansion.
Get a holistic overview of the market from industry experts to evaluate and develop growth strategies. Download the sample :
Key Takeaways :
By 2033, the automotive e-compressor market in the United Kingdom is likely to expand, with a CAGR of 7.6%. In 2023, the United States is expected to dominate the automotive e-compressor sector, with a share of 13.5%. The automotive e-compressor market was significantly expanding, with a size of US$ 1,623.5 Million in 2022. By 2033, the automotive e-compressor market in China is likely to expand, with a CAGR of 12.2%. In 2023, Germany is likely to expand in the automotive e-compressor business, with an expected share of 7.6%. The market is expected to grow at a US$ 2,386.20 Million valuation by 2026, with a rising number of electric vehicles. By 2033, India is projected to expand significantly in the automotive e-compressor market, with a share of 11.5%. Japan's automotive e-compressor industry share is likely to expand significantly, with a 9.2% share in 2023. In 2023, passenger cars are expected to dominate the market with a share of 62%. It is anticipated to control the market by 2033 in terms of application. Based on the product type, the passenger cars segment is likely to dominate the market by 2033.
Didn't get the data you are looking for? Our experts provide you with customized reports :
Approaches by Key Players :
The key players in the global automotive e-compressor sector are growing their market share through merger and acquisition activity or the construction of new facilities. As many local rivals begin to emerge, the global market is anticipated to witness high rivalry.
Key Players :
Denso Corporation, Hanon Systems, Valeo, Mahle GmbH, Sanden Holdings Corporation, Mitsubishi Heavy Industries, Hitachi Automotive Systems, LG Electronics, Panasonic Corporation, Calsonic Kansei Corporation.
Recent Developments :
An e-compressor for electric vehicles was introduced by Denso Company in 2019. For use in electric vehicles, the business has created an electric scroll compressor that is a highly efficient, miniature compressor. The company's position in the automotive e-compressor industry has been bolstered by the introduction of this device. On March 22, 2021, Toyota Industries and ANA worked together to test an advanced autonomous tow tractor. Toyota Industries is set to introduce a newly developed autonomous tow tractor with enhanced location monitoring capabilities that enable smooth operations between inside and outdoor environments.
Key Segments :
By Product Type:
Variable E-compressor Displacement E-compressor
Passenger cars Light Commercial Vehicles Heavy Commercial Vehicles
North America Latin America Europe East Asia South Asia Oceania The Middle East & Africa (MEA)
Speak to our Research Expert:
Table of Content ( ToC ):
1. Executive Summary | Automotive e-Compressor Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and Their Roles
188.8.131.52. Mid-Level Participants (Traders/ Agents/ Brokers)
184.108.40.206. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyers
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.8. PESTLE and Porter's Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
Explore Wide-ranging Coverage of FMI's Automotive Landscape
automotive ac compressor market share : Is anticipated to be appraised at US$ 13,696.2 Million by 2032, up from US$ 9,342.1 Million in 2022.
automotive cabin air quality sensors market size : Is anticipated to develop at a CAGR of 13.8% and reach US$ 1497.73 Million by the year 2032.
automotive coolant aftermarket demand : Is projected to reach a valuation of US$ 894.82 Million in 2023. By 2033, the valuation is anticipated to reach US$ 1324.55 Million.
zero emission vehicle market growth : Is valued at US$ 248 Billion as of 2023, and by 2033, the market is expected to hit a valuation of US$ 2,384.66 Billion.
electric utility vehicles market trends : Is projected to grow at a sturdy CAGR of 15.4% during the period 2023 to 2033, and as of 2023, the market valuation stands at US$ 9,203.8 Million.
electric kick scooter market growth : Is likely to be valued at US$ 2.7 Billion in 2023 and exhibit a revenue growth of US$ 8.2 Billion by 2033.
water proof e-scooter market outlook : Is predicted to contribute to the market share worth US$ 8.3 Billion by the end of 2032.
ev charging station market size : Is expected to surpass US$ 113,889.1 Million in the next decade. Between 2023 and 2033, the market has been forecast to record a CAGR of 26.6%.
electric scooters market share : Is expected to increase significantly, expanding at a CAGR of 9% by the year 2032.
artificial intelligence (ai) in automotive market outlook : Is set to record a robust CAGR of 55% during the forecast period. The market holds a share of US$ 9.3 Billion in 2023 while it is anticipated to cross a value of US$ 744.39 Billion by 2033.
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
linkedin | twitter | blogs | youtube
For Sales Enquiries:
Tags automotive e-compressor automotive e-compressor market Related Links
marine suspension seat bases market maritime patrol naval vessels market automotive crash barriers market heated windshield market powerglide shifter market oil catch cans market oil breather tank market automotive brackets market