PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1608254
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1608254
U.S. Electric Vehicle Compressor Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)
Market Overview
The U.S. electric vehicle (EV) compressor market is projected to generate $344.6 million in revenue in 2024, with an anticipated compound annual growth rate (CAGR) of 17.3% from 2024 to 2030, reaching $897.0 million by 2030. This growth is driven by the increasing adoption of electric vehicles, advancements in compressor technologies, and supportive government policies promoting sustainable transportation.
Key Insights
The air conditioning application category is expected to hold the largest market share, reflecting the essential role of compressors in maintaining optimal cabin temperatures in electric vehicles.
The Western region of the U.S. is projected to dominate the market, attributed to a higher concentration of EV users and supportive infrastructure.
Technological advancements, such as the integration of power electronics into e-compressors, are enhancing energy management and efficiency in EV thermal management systems.
The market is consolidated, with key players focusing on product innovation and strategic partnerships to strengthen their market presence.
The increasing adoption of electric vehicles is driving the demand for efficient thermal management systems, thereby boosting the need for advanced EV compressors.
Government initiatives, such as the goal to have 50% of all new cars sold in the U.S. be low-emission variants by 2030, are accelerating the transition to electric mobility.
Investments in research and development are fostering innovation in compressor designs, leading to improved performance and reduced energy consumption.
The development of compressors with real-time diagnostics and predictive maintenance capabilities is emerging as a key trend, enhancing reliability and operational efficiency.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by type
- 1.4.2. Market size breakdown, by drivetrain type
- 1.4.3. Market size breakdown, by distribution channel
- 1.4.4. Market size breakdown, by application
- 1.4.5. Market size breakdown, by vehicle type
- 1.4.6. Market size breakdown, by region
- 1.5. Market Data Reporting Unit
- 1.5.1. Volume
- 1.5.2. Value
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. U.S. Market
- 6.1. Overview
- 6.2. Market Volume, by Type (2019-2030)
- 6.3. Market Revenue, by Type (2019-2030)
- 6.4. Market Volume, by Drivetrain Type (2019-2030)
- 6.5. Market Revenue, by Drivetrain Type (2019-2030)
- 6.6. Market Volume, by Distribution Channel (2019-2030)
- 6.7. Market Revenue, by Distribution Channel (2019-2030)
- 6.8. Market Volume, by Application (2019-2030)
- 6.9. Market Revenue, by Application (2019-2030)
- 6.10. Market Volume, by Vehicle Type (2019-2030)
- 6.11. Market Revenue, by Vehicle Type (2019-2030)
- 6.12. Market Volume, by Region (2019-2030)
- 6.13. Market Revenue, by Region (2019-2030)
Chapter 7. Competitive Landscape
- 7.1. List of Market Players and their Offerings
- 7.2. Competitive Benchmarking of Key Players
- 7.3. Product Benchmarking of Key Players
- 7.4. Recent Strategic Developments
Chapter 8. Company Profiles
- 8.1. Continental AG
- 8.1.1. Business overview
- 8.1.2. Product and service offerings
- 8.1.3. Key financial summary
- 8.2. Marelli Holdings Co. Ltd.
- 8.2.1. Business overview
- 8.2.2. Product and service offerings
- 8.2.3. Key financial summary
- 8.3. BorgWarner Inc.
- 8.3.1. Business overview
- 8.3.2. Product and service offerings
- 8.3.3. Key financial summary
- 8.4. Denso Corporation
- 8.4.1. Business overview
- 8.4.2. Product and service offerings
- 8.4.3. Key financial summary
- 8.5. Hanon Systems
- 8.5.1. Business overview
- 8.5.2. Product and service offerings
- 8.5.3. Key financial summary
- 8.6. Panasonic Corporation
- 8.6.1. Business overview
- 8.6.2. Product and service offerings
- 8.6.3. Key financial summary
- 8.7. TCCI Manufacturing
- 8.7.1. Business overview
- 8.7.2. Product and service offerings
- 8.7.3. Key financial summary
- 8.8. Gardner Denver Inc.
- 8.8.1. Business overview
- 8.8.2. Product and service offerings
- 8.8.3. Key financial summary
- 8.9. Zhengzhou Guchen Industry Co. Ltd.
- 8.9.1. Business overview
- 8.9.2. Product and service offerings
- 8.9.3. Key financial summary
Chapter 9. Appendix
- 9.1. Abbreviations
- 9.2. Sources and References
- 9.3. Related Reports
