Global Automotive Electric HVAC Compressor Market Forecast to 2030 - Covid-19 Impact Analysis (By Vehicle Type: Passenger Cars, Heavy Commercial Vehicle (HCV), and Light Commercial Vehicle (LCV); By Product Type: Scroll, Screw, Swash, and Wobble; and By Drivetrain Type: Plug-in Hybrid Electric Vehicle (PHEV), Battery Electric Vehicles (BEV), and Hybrid Electric Vehicle (HEV)) - Global Market Size, Industry Trends, Competitive Landscape, and Opportunities
The global market for automotive electric HVAC compressor accounted for US$ 10,934 Mn in 2021 and is anticipated to reach US$ 64,050 Mn by 2030 with a CAGR of 22% from 2022 to 2030.
The air conditioning system is the vehicle's highest auxiliary load, with the compressor consuming the most energy. The cooling capacity of a traditional compressor cannot be directly controlled to meet the need of thermal load inside the vehicle cabin. Electric air conditioning compressors have been used in hybrid and electric automobiles for over 15 years. The utilization of these air conditioning (A/C) compressors is due to the hybrid car's stop-start operation or the fact that an electric vehicle lacks an engine to rotate an A/C compressor. The air conditioning system is made up of a three-phase electric compressor (EC), a three-phase power inverter module (PIM), and a control system.
COVID-19 Impact on the Global Automotive Electric HVAC Compressor Market
During the Covid-19 period, the automotive sector had a significant drop in vehicle production and sales due to unexceptional lockdowns, which slowed global economic growth. The supply chains of components and raw materials used by the automobile HVAC industry have been harmed as a result of the lockdown measures. Companies are seeing protectionist measures in auto component causing play out at a much greater level than they were prior to COVID. According to a recent declaration (3rd June 2020), GM would not import any critical EV components and will instead source them all domestically at competitive pricing.
The cabin comfort and overall driving experience are directly affected by the heating, ventilation, and cooling (HVAC) of a car, which is a crucial decisive factor in a buyer's purchasing experience. Until the early 2000s, more than 97 percent of cars featured shared compressors, which used engine power to compress ambient air. However, as the automotive industry moves toward more fuel-efficient and electric-powered vehicles, electric/scroll compressors are gaining popularity.
The initial move from the reciprocating compressor to the E-compressor occurred between 2012 and 2013, when European premium automobile manufacturers began installing it in their vehicles to enhance fuel economy by 2-3%.
The market was pushed toward a changeable displacement compressor rather of an E-compressor, which was in line with the expansion of other ancillaries such as variable displacement oil pumps and electric coolant pumps.
Fuel economy gains and the trend toward vehicle electrification drove the volume change at the time, but it was limited to higher segment cars. Only after few years back, when sales of low-priced Chinese-branded electric cars in China began to expand at a rate of 100 percent, did the shift to e-compressor gain serious traction.
Vehicle type, product type, drivetrain type, and region are the three categories of the global automotive electric HVAC compressor industry. Based on the vehicle type sector, the segmentation includes passenger cars, light commercial vehicle (LCV), and heavy commercial vehicle (HCV). Based on our analysis, the passenger vehicle segment is expected to dominate the automotive electric HVAC compressor market during the predicted years. Electric compressors are becoming more widely used to expand the range of passenger automobiles, whose production is rapidly increasing. The product type segment is divided into Scroll, screw, swash, and wobble. The drivetrain type segment is further categorized into plug-in hybrid electric vehicle (PHEV), hybrid electric vehicle (HEV), and battery electric vehicles (BEV). The battery electric vehicle (BEV) segment is one of the significant segments in the drivetrain type market.
Global Automotive Electric HVAC Compressor Market Geographical Competition
North America, Europe, Latin America, Asia-Pacific, and the Middle East & Africa are the segmentation of the worldwide automotive electric HVAC compressor industry. Among all the regions, Europe has the largest market share due to the presence of a significant number of luxury car industries, and it also has the best growth prospects. After Europe, Asia-Pacific is second, with various industries focusing on R&D facilities to deliver new updated items to the market. Germany, Japan, China, and India are the primary contributors to a large portion of the industry. Over the projection period, the APAC region is expected to develop at a quicker rate.
Global Automotive Electric HVAC Compressor Industry Segment Analysis
Market By Vehicle Type
· Light Commercial Vehicle (LCV)
· Heavy Commercial Vehicle (HCV)
· Passenger Cars
Market By Product Type
Market By Drivetrain Type
· Plug-in hybrid electric vehicle (PHEV)
· Battery Electric Vehicles (BEV)
· Hybrid Electric Vehicle (HEV)
Automotive Electric HVAC Compressor Market Leading Companies
This section of the study honors the market's top vendors Denso group, Estra Automotive Systems Co, Limited, Hanon Systems, Hella GmbH and Co., MAHLE GmbH, Mitsubishi Heavy Industries Ltd, Marelli Holdings Co. Ltd, KG, Michigan Automotive Compressor, Toyota Industries Corporation, Subros Ltd, and Valeo SA are the key companies mentioned in the research.
Automotive Electric HVAC Compressor Market Regions
· Rest of Europe
· Rest of Latin America
· South Korea
· Rest of Asia-Pacific
Middle East & Africa
· South Africa
· Rest of Middle East & Africa