Automotive Electric HVAC Compressor Market, By Cooling Capacity (Less Than 20 CC, 20-40 CC, 40-60 CC), By Vehicle Type, By Drivetrain and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America), The global Automotive Electric HVAC Compressor Market size is projected to reach a CAGR of 20.7% from 2022-2028.
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An electric compressor is independent of the vehicle engine and is tasked with the dual role of cooling the cabin and the battery pack and protecting the battery from overheating to prevent any breakdown of the vehicle. An electric compressor boasts lesser mechanical parts and hence facilitates quieter and cleaner operations due to lower oil carryover.
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.
Key Players: Automotive Electric HVAC Compressor Market
· Denso Corporation
· Hanon Systems
· MAHLE GmbH
· SANDEN Holdings Corporation
· Toyota Industries Corporation
· Highly Marelli Holdings Co., Ltd.
· Valeo S.A. and More
Recent Developments
Mar-2021: Hanon Systems expanded its global footprint by building its fifth plant in Korea. The facility would make a variety of solutions that includes heat pump modules and coolant valve assemblies to complement electric vehicles for the Genesis brand & Ioniq 5 model of the Hyundai Motor Group.
Apr-2021: Sanden Huayu Automotive Air-Conditioning joined hands with ROHM Semiconductor. This collaboration aims to strengthen their collaborative partnership and accelerate technical innovation in the automotive industry by offering power solutions, which fulfill both customer requirements and market trends.
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The air conditioning system uses 20% of a car's total energy, which has an impact on, among other things, the vehicle's acceleration and range. This ratio may be decreased by an electric compressor, increasing the electric vehicle's overall efficiency and range and thus supporting in automotive electric HVAC compressor market growth rate. Electric compressors come with an internal rotation speed control that may be adjusted to save energy usage. Electric compressors prolong the life of the lithium-ion battery while providing good performance at low revolutions.
Automotive Electric HVAC Compressor Market is segmented into cooling capacity, vehicle type, drivetrain and region.
On the basis of Cooling Capacity
· Less Than 20 CC
· 20-40 CC
· 40-60 CC
· More Than 60 CC
On the basis of Vehicle Type
· Passenger Vehicle
· Light Commercial Vehicle (LCV)
· Heavy Commercial Vehicle (HCV)
· Buses and Coaches
On the basis of Drivetrain
· Plug-in Hybrid Electric Vehicles (PHEV)
· Battery Electric Vehicles (BEC)
· Hybrid Electric Vehicles (HEV)
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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