Market Insights
According to MRFR analysis, the global Automotive E Compressor Market is expected to register a CAGR of ~34.12% from 2022 to 2030 and hold a value of over USD 36.2 Billion by 2030.
The automobile industry heavily favours electric compressors, or automotive E-compressors. These sectors use automobile E-compressors in cars to help the HVAC system function and keep passengers comfortable. Because a separate electric motor charges it, the E-compressors are highly helpful for lowering vehicle emissions and the workload of the engine. Low carryover oil is another crucial aspect of the E-compressor, which helps the engine of the automobile to better purify the air within the cabin. Additionally, it offers an easy installation procedure and makes a quick engine feasible.
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Key Players
Some of the key market players are Denso Corporation, Hanon Systems, MAHLE GmbH, Mitsubishi Heavy Industries Ltd, Robert Bosch GmbH, Sanden Corporation, SCHOTT, Toyota Industries Corporation, Valeo S.A., WABCO.
Regional Analysis
The automotive e-compressor global market share is expected to be dominated by the regional markets in Europe and Asia Pacific. Due to the significant automotive industry in rising nations such as Japan, Germany, China, and India, the Asia-Pacific market is expanding profitably. Additionally, this area benefits from the expansion of the global market for automotive e-compressors because of the rising demand for electric cars across the Asia Pacific region. Because of its cutting-edge R&D centres, tier-1 suppliers, and significant OEMs, the European area is driving the market's growth.
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