Global Automotive Electric HVAC Compressor Market Size Study, by Cooling Capacity, Product (Scroll), Vehicle, Drivetrain (PHEV, BEV, HEV), and Regional Forecasts 2022-2032

Description

The Global Automotive Electric HVAC Compressor Market is valued at approximately USD 5.87 billion in 2023 and is anticipated to exhibit an impressive compound annual growth rate (CAGR) of 12.5% during the forecast period from 2024 to 2032. This market is witnessing a remarkable evolution as electric HVAC compressors, designed specifically for electric and hybrid vehicles, emerge as a critical component of modern automotive engineering. These compressors play a vital role in managing vehicle climate control systems while adhering to energy efficiency standards essential for electric drivetrains.

The rapid expansion of the electric vehicle (EV) industry, coupled with increasing environmental awareness and stringent emissions regulations, is significantly driving market growth. The surging consumer preference for electric and hybrid vehicles, driven by eco-consciousness and favorable government policies, has compelled manufacturers to focus on innovations in electric HVAC compressors. However, the high initial costs associated with these advanced systems may pose challenges for adoption in cost-sensitive markets.

Technological advancements in HVAC compressor systems, such as the integration of scroll compressors and next-generation cooling technologies, are revolutionizing energy management and operational efficiency. The development of compressors tailored for hybrid, plug-in hybrid (PHEV), and battery electric vehicles (BEV) is enhancing the driving experience by offering seamless performance and optimized energy utilization. Despite the challenges, such as fluctuating raw material prices, the potential for cost savings and improved energy efficiency is encouraging widespread adoption across various regions.

Regionally, Asia Pacific dominates the market owing to the rapid expansion of the EV industry, robust automotive production capabilities, and supportive government incentives in countries such as China, Japan, and South Korea. North America and Europe are also witnessing significant growth, underpinned by stringent emissions norms, the presence of leading automotive manufacturers, and increasing investments in sustainable technologies. Latin America and the Middle East & Africa, while currently smaller markets, are gradually gaining traction due to rising vehicle electrification trends and expanding infrastructure for EVs.

Major market players included in this report are:

Mahle GmbH
Hanon Systems
Sanden Holdings Corporation
Denso Corporation
Valeo SA
Panasonic Corporation
Continental AG
Mitsubishi Electric Corporation
BorgWarner Inc.
Robert Bosch GmbH
Calsonic Kansei Corporation
Tesla, Inc.
LG Electronics Inc.
Toyota Industries Corporation
Subros Limited

The detailed segments and sub-segments of the market are explained below:

By Cooling Capacity:

<20 kW
20-40 kW
40 kW

By Product:

Scroll
Rotary
Screw

By Vehicle:

Passenger Cars
Commercial Vehicles

By Drivetrain:

Plug-In Hybrid Electric Vehicles (PHEV)
Battery Electric Vehicles (BEV)
Hybrid Electric Vehicles (HEV)

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of the geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approaches.
Analysis of competitive structure of the market.
Demand-side and supply-side analysis of the market.

Chapter 1. Global Automotive Electric HVAC Compressor Market Executive Summary

1.1. Global Automotive Electric HVAC Compressor Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Cooling Capacity
- 1.3.2. By Product
- 1.3.3. By Vehicle
- 1.3.4. By Drivetrain
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Automotive Electric HVAC Compressor Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Automotive Electric HVAC Compressor Market Dynamics

3.1. Market Drivers
- 3.1.1. Rapid Expansion of the EV Industry and Rising Demand for Energy Efficient Components
- 3.1.2. Technological Advancements in Compressor Design and Manufacturing
- 3.1.3. Government Initiatives and Stringent Emission Regulations
3.2. Market Challenges
- 3.2.1. High Initial Capital Expenditure and Fluctuating Raw Material Costs
- 3.2.2. Integration Complexities and Evolving Technical Standards
3.3. Market Opportunities
- 3.3.1. Adoption of Advanced Cooling Capacities and Next-Generation Products
- 3.3.2. Expansion in Emerging Markets and Increased Investment in EV Infrastructure
- 3.3.3. Strategic Collaborations and R&D Enhancements

Chapter 4. Global Automotive Electric HVAC Compressor Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Automotive Electric HVAC Compressor Market Size & Forecasts by Cooling Capacity 2022-2032

5.1. Segment Dashboard
5.2. Global Automotive Electric HVAC Compressor Market: Cooling Capacity Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. <20 kW
- 5.2.2. 20-40 kW
- 5.2.3. >40 kW

Chapter 6. Global Automotive Electric HVAC Compressor Market Size & Forecasts by Product 2022-2032

6.1. Segment Dashboard
6.2. Global Automotive Electric HVAC Compressor Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Scroll
- 6.2.2. Rotary
- 6.2.3. Screw

Chapter 7. Global Automotive Electric HVAC Compressor Market Size & Forecasts by Vehicle 2022-2032

7.1. Segment Dashboard
7.2. Global Automotive Electric HVAC Compressor Market: Vehicle Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. Passenger Cars
- 7.2.2. Commercial Vehicles

Chapter 8. Global Automotive Electric HVAC Compressor Market Size & Forecasts by Drivetrain 2022-2032

8.1. Segment Dashboard
8.2. Global Automotive Electric HVAC Compressor Market: Drivetrain Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 8.2.1. PHEV
- 8.2.2. BEV
- 8.2.3. HEV

Chapter 9. Global Automotive Electric HVAC Compressor Market by Region 2022-2032

9.1. North America Automotive Electric HVAC Compressor Market
- 9.1.1. U.S. Automotive Electric HVAC Compressor Market
  - 9.1.1.1. Cooling Capacity/Product/Vehicle Breakdown & Forecasts, 2022-2032
- 9.1.2. Canada Automotive Electric HVAC Compressor Market
9.2. Europe Automotive Electric HVAC Compressor Market
- 9.2.1. U.K. Automotive Electric HVAC Compressor Market
- 9.2.2. Germany Automotive Electric HVAC Compressor Market
- 9.2.3. France Automotive Electric HVAC Compressor Market
- 9.2.4. Spain Automotive Electric HVAC Compressor Market
- 9.2.5. Italy Automotive Electric HVAC Compressor Market
- 9.2.6. Rest of Europe Automotive Electric HVAC Compressor Market
9.3. Asia-Pacific Automotive Electric HVAC Compressor Market
- 9.3.1. China Automotive Electric HVAC Compressor Market
- 9.3.2. India Automotive Electric HVAC Compressor Market
- 9.3.3. Japan Automotive Electric HVAC Compressor Market
- 9.3.4. South Korea Automotive Electric HVAC Compressor Market
- 9.3.5. Rest of Asia-Pacific Automotive Electric HVAC Compressor Market
9.4. Latin America Automotive Electric HVAC Compressor Market
- 9.4.1. Brazil Automotive Electric HVAC Compressor Market
- 9.4.2. Mexico Automotive Electric HVAC Compressor Market
- 9.4.3. Rest of Latin America Automotive Electric HVAC Compressor Market
9.5. Middle East & Africa Automotive Electric HVAC Compressor Market
- 9.5.1. Saudi Arabia Automotive Electric HVAC Compressor Market
- 9.5.2. South Africa Automotive Electric HVAC Compressor Market
- 9.5.3. Rest of Middle East & Africa Automotive Electric HVAC Compressor Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
10.2. Top Market Strategies
10.3. Company Profiles

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes