PUBLISHER: Grand View Research | PRODUCT CODE: 1611560
PUBLISHER: Grand View Research | PRODUCT CODE: 1611560
The global automotive electric HVAC compressor market size is expected to reach USD 53.11 billion by 2030, registering a CAGR of 23.3% from 2025 to 2030, according to a new report by Grand View Research, Inc. An electric compressor offers several benefits over a conventional compressor, such as lower energy consumption, compact size, controlled revolution speed, and noise-free operations. Also, unlike a conventional compressor, which is belt-driven, an electric compressor is independent of the vehicle engine. An electric compressor draws power from a separate electric motor, which is powered using an inverter. Such an arrangement ensures that the cooling operation of the vehicle continues even when the vehicle is turned off. The electric compressor also requires lesser power to drive as a result of this arrangement, thereby leaving the vehicle performance unaffected and ensuring cleaner operations due to low oil carryover.
The function of an electric compressor in an electric vehicle is much significant than that of a conventional compressor in an ICE vehicle. In an electric vehicle, the compressor is responsible for the cooling of the entire cabin as well as the battery pack. Electric compressor protects the battery from overheating and subsequently the vehicle from breaking down. Hence, an electric HVAC compressor serves as an essential component for the overall functioning of an electric vehicle. Rising fuel prices coupled with the growing awareness about environmental protection have been driving the adoption of electric vehicles and subsequently the demand for electric HVAC compressors.
However, the high initial costs and maintenance costs associated with electric HVAC compressors are expected to restrain the growth of the market. The installation of electric HVAC compressors involves heavy-duty electric wiring, which increases the overall cost of the system. Repairs and maintenance of electric compressors is also a complex task requiring a high level of expertise, thereby adding to the overall cost. Moreover, the demand for electric compressors relies entirely on the demand for electric vehicles. However, the sales of electric vehicles are already facing a double whammy of the higher price and range anxiety associated with electric vehicles. Nevertheless, advances in technology, the subsequent launch of new products, and the continued installation of electric chargers and charging stations are expected to encourage consumers to opt for electric vehicles, thereby driving the demand for electric HVAC compressors over the forecast period.