According to a new market report published by Lucintel, the future of the global automotive e-compressor market looks promising with opportunities in light duty vehicles, medium & heavy duty vehicles, buses & coaches, and passenger vehicles segments. The global automotive e-compressor market is expected to decline in 2020 due to the global economic recession led by the COVID-19 pandemic. However, the market will witness recovery in the year 2021, and it is expected to grow 32% from 2021 to 2026. The major drivers for this market are growing sales of electric vehicles (EV) and hybrid electric vehicles (HEV/PHEV), launch of new electric vehicle models by various OEMs. E-compressors have better cooling capacity and are more energy-efficient as compared to their conventional options.
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In this market, ICE vehicles and electric vehicles are the major drivetrain segments. On the basis of comprehensive research, Lucintel forecasts that electric vehicle drivetrain will remain the largest segment, and it is also expected to witness the highest growth over the forecast period because electric vehicles will be replacing ICE vehicles, as some of the European nations have a target to ban the use of ICE engine by 2030.
Within the global automotive e-compressor market, the OEM segment is expected to witness the highest growth over the forecast period due to increasing production of e-vehicles and hybrid vehicles.
APAC is expected to remain the largest market and witness the highest growth rate over the forecast period due to increasing e-vehicle infrastructure development. China, Japan, and South Korea will be the major hubs for e-vehicles.
Denso Corporation, Sanden Corporation, Mahle Behr GmbH, Toyota Industries Corporation, Hanon Systems, Robert Bosch GmbH, and Valeo S.A. are among the major suppliers of automotive e-compressors.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automotive e-compressor market by vehicle type, drivetrain, component, type, and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Automotive E-Compressor Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes and forecast for the global automotive e-compressor market by vehicle type, drivetrain, component, type, and region, as follows:
By Vehicle Type [Value ($ Million) from 2015 to 2026]:
Passenger Vehicles
Light Duty Vehicles
Medium & Heavy Duty Vehicles
Buses & Coaches
By Drivetrain [Value ($ Million) from 2015 to 2026]:
ICE Vehicles
Electric Vehicles
By Type [Value ($ Million) from 2015 to 2026]:
By Component [Value ($ Million) from 2015 to 2026]:
Compressor Section
Motor
Inverter
Oil Separator
Others
By Region [Value ($ Million) from 2015 to 2026]:
North America
Europe
APAC
ROW
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.