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The automotive scroll e-compressor global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Automotive Scroll E-Compressor Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The automotive scroll e-compressor market size has grown strongly in recent years. It will grow from $1.38 billion in 2023 to $1.5 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to increasing demand for in-car comfort, demand for fuel efficiency, shift toward electric and hybrid vehicles, consumer demand for comfort and performance, oem adoption and standardization, automotive industry innovation.
The automotive scroll e-compressor market size is expected to see strong growth in the next few years. It will grow to $2.04 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to expansion of electric vehicle (ev), development of next-generation refrigerants, increasing focus on cabin air quality, rise in demand for autonomous vehicles, smart hvac systems integration. Major trends in the forecast period include rise in electric and hybrid vehicle adoption, advancements in scroll compressor technology, focus on energy efficiency, integration with smart climate control systems, adoption of low gwp refrigerants, market expansion in emerging economies.
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Scope Of Automotive Scroll E-Compressor Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Automotive Scroll E-Compressor Market Overview
Market Drivers –
The growing sales of automobiles are expected to boost the growth of the automotive scroll e-compressor market going forward. An automobile refers to a passenger vehicle with four wheels and a gasoline or diesel internal combustion engine that is intended for use on public highways. Automotive scroll e-compressors are used in automobile air conditioning systems as the majority of scrolls are employed in heat pumps. They are highly compliant with fluids in between the scroll components. Hence, growing sales of automobiles are expected to boost the automotive scroll e-compressor market. For instance, in March 2022, according to a report published by the European Automobile Manufacturers’ Association (ACEA), the main lobbying and standards group for the automobile industry in the European Union, sales of passenger cars in the US increased by 5.5% from 2020 to 11.9 million units in 2021. In 2021, about 6.3 million passenger automobiles were produced in US auto plants, a 3.1% increase over 2020. In 2021, Chinese automakers manufactured 20.7 million automobiles, a 7.1% increase. The total number of cars produced worldwide increased by 2.7% to 63.2 million in 2021. Therefore, the growing sales of automobiles are driving the growth of the automotive scroll e-compressor market.
Market Trends –
Technological advancements have emerged as a key trend gaining popularity in the automotive scroll e-compressor market. Major companies operating in the automotive scroll e-compressor market are focusing on developing new technologies to strengthen their position in the market. For instance, in January 2021, Atlas Copco, a Sweden-based industrial manufacturer of industrial tools and equipment, launched new lightweight and versatile air compressors for safe integration into utility vehicles and other OEM applications. The 8 Series Utility range saves space by having a 10% lower footprint than equivalent compressors. Furthermore, all versions, including those with a built-in generator, weigh less than 750 kg.
The automotive scroll e-compressor market covered in this report is segmented –
1) By Type: Below 25 CC/r, 25-40 CC/r, Above 40 CC/r
2) By Materials: Steel, Aluminum, Other Materials
3) By Vehicle Type: Passenger Vehicle, Hatchback, Sedan, Utility Vehicles, Light Duty Vehicle, Medium And Heavy Duty Trucks, Buses And Coaches
4) By Sales Channel: OEM, Aftermarket
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Regional Insights –
Asia-Pacific was the largest region in the automotive scroll e-compressor market in 2023. The regions covered in the automotive scroll e-compressor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the automotive scroll e-compressor market report are Mahle GmbH, Robert Bosch GmbH, Sanden Corporation, Valeo S.A., Hanon Systems USA Inc., Brose Fahrzeugteile GmbH & Co. KG, Calsonic Kansei Corporation, Continental AG, Delphi Technologies LLC, Panasonic Corporation, Toyota Industries Corporation, Denso Corporation, HELLA GmbH & Co. KGaA, Mitsubishi Heavy Industries Ltd., Schott AG, WABCO Holdings Inc., Hitachi Automotive Systems, Aotecar Co. Ltd., Shanghai Highly Industry Co. Ltd., LG Electronics Inc., Samsung SDI Co. Ltd., Johnson Controls International plc., BYD Co. Ltd., Tesla Inc., General Motors Company, Ford Motor Company, Bayerische Motoren Werke AG, Volkswagen AG, Zhejiang Yide Automotive Parts Co. Ltd., Kion Group AG .
Table of Contents
1. Executive Summary
2. Automotive Scroll E-Compressor Market Report Structure
3. Automotive Scroll E-Compressor Market Trends And Strategies
4. Automotive Scroll E-Compressor Market – Macro Economic Scenario
5. Automotive Scroll E-Compressor Market Size And Growth
…..
27. Automotive Scroll E-Compressor Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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