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Global Automotive Electric HVAC Compressor to reach USD 34.93 billion by 2027.

Global Automotive Electric HVAC Compressor Market Size study, By Cooling Capacity (Less Than 20 CC, 20-40 CC, 40-60 CC) By Drive Type (Electric, Conventional (Belt Driven)) and Regional Forecasts 2021-2027

Product Code: ALTAMC-75672895
Publish Date: 5-07-2021
Page: 200

Global Automotive Electric HVAC Compressor is valued approximately USD 9.36 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 20.70 % over the forecast period 2021-2027. Compressors with an integrated motor are known as electric compressors. Even when the vehicle’s engine is turned off, the built-in motor can continue to run, providing for higher fuel efficiency and ongoing use of the air conditioner for a suitable cabin temperature. In 2019, the passenger car sector accounted for 78 percent of the global market. The manufacturing of automobiles with AC units is closely tied to the use of AC compressors. The majority of passenger automobiles are already equipped with an air conditioner, which creates a nice, snug environment inside the vehicle. Consumers who are purchasing vehicles for personal usage prefer vehicles with air conditioning. Passenger vehicles make up a larger portion of the overall number of cars utilised for personal purposes. As a result, the passenger vehicle sector dominated the AC compressor market in 2017. . Increasing automotive production & presence of auto players and the increasing adoption of EVs is likely to surge the market growth. The OEM segment led the market, and accounted for 78% share of the market, in terms of revenue, in 2019. The automotive AC compressor has a lifespan that is almost equal to that of the vehicle, i.e., 10 to 12 years. The AC compressor is replaced only when there is an issue in the AC unit, else it is likely to run for the entire life of the vehicle. However, increase in vehicle emissionleads to a rise in global warming which impedes the growth of the market over the forecast period of 2021-2027. Also, multi-functionality features and lower energy consumption are particularly expected electric vehicle OEMs to adopt electric compressors on a large scale is likely to increase the market growth during the forecast period.

The key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World are considered regional analysis of global Automotive Electric HVAC Compressor Market. The Asia Pacific regional market represented a significant portion of the market sharein 2020 because of the great pace of EV reception in China. China represented the greater part of the worldwide electric blower deals in 2020. The continued progress of EV charging and transportation infrastructure in non-industrial nations across Asia Pacific is expected to drive electric vehicle sales and, as a result,higher interest for electric blowers over the forecast time range.Asia Pacific nations, such as South Korea and Japan, are home to a few major EV producers that are focusing on R&D activities which looks good for the development of the Asia Pacific provincial market over the estimate time frame.

Major market player included in this report are:
Denso Corporation
Hanon Systems
SANDEN Holdings Corporation
Toyota Industries Corporation
Highly Marelli Holdings Co., Ltd.
Valeo S.A.
Shanghai Highly (Group) Co. Ltd
Robert Bosch GmbH
Continental AG

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Cooling Capacity:
Less Than 20 CC,
20-40 CC,
40-60 CC
By Drive Type:
Conventional (Belt Driven)
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Automotive Electric HVAC Compressor in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Automotive Electric HVAC Compressor Market, by Region, 2019-2027 (USD Billion)
1.2.2. Automotive Electric HVAC Compressor Market, by Cooling Capacity, 2019-2027 (USD Billion)
1.2.3. Automotive Electric HVAC Compressor Market, by Drive Type, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Automotive Electric HVAC Compressor Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Automotive Electric HVAC Compressor Market Dynamics
3.1. Automotive Electric HVAC Compressor Market Impact Analysis (2019-2027)
3.1.1. Market Drivers Increasing automotive production & presence of auto players. The increasing adoption of EVs
3.1.2. Market Challenges Higher operation life and ease of repair.
3.1.3. Market Opportunities Multi-functionality features Lower energy consumption
Chapter 4. Global Automotive Electric HVAC Compressor Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Automotive Electric HVAC Compressor Market, by Cooling Capacity
5.1. Market Snapshot
5.2. Global Automotive Electric HVAC Compressor Market by Cooling Capacity, Performance – Potential Analysis
5.3. Global Automotive Electric HVAC Compressor Market Estimates & Forecasts by Cooling Capacity 2018-2027 (USD Billion)
5.4. Automotive Electric HVAC Compressor Market, Sub Segment Analysis
5.4.1. Less Than 20 CC,
5.4.2. 20-40 CC,
5.4.3. 40-60 CC
Chapter 6. Global Automotive Electric HVAC Compressor Market, by Drive Type
6.1. Market Snapshot
6.2. Global Automotive Electric HVAC Compressor Market by Drive Type, Performance – Potential Analysis
6.3. Global Automotive Electric HVAC Compressor Market Estimates & Forecasts by Drive Type 2018-2027 (USD Billion)
6.4. Automotive Electric HVAC Compressor Market, Sub Segment Analysis
6.4.1. Electric,
6.4.2. Conventional (Belt Driven)
Chapter 7. Global Automotive Electric HVAC Compressor Market, Regional Analysis
7.1. Automotive Electric HVAC Compressor Market, Regional Market Snapshot
7.2. North America Automotive Electric HVAC Compressor Market
7.2.1. U.S. Automotive Electric HVAC Compressor Market Cooling Capacity breakdown estimates & forecasts, 2018-2027 Drive Type breakdown estimates & forecasts, 2018-2027
7.2.2. Canada Automotive Electric HVAC Compressor Market
7.3. Europe Automotive Electric HVAC Compressor Market Snapshot
7.3.1. U.K. Automotive Electric HVAC Compressor Market
7.3.2. Germany Automotive Electric HVAC Compressor Market
7.3.3. France Automotive Electric HVAC Compressor Market
7.3.4. Spain Automotive Electric HVAC Compressor Market
7.3.5. Italy Automotive Electric HVAC Compressor Market
7.3.6. Rest of Europe Automotive Electric HVAC Compressor Market
7.4. Asia-Pacific Automotive Electric HVAC Compressor Market Snapshot
7.4.1. China Automotive Electric HVAC Compressor Market
7.4.2. India Automotive Electric HVAC Compressor Market
7.4.3. Japan Automotive Electric HVAC Compressor Market
7.4.4. Australia Automotive Electric HVAC Compressor Market
7.4.5. South Korea Automotive Electric HVAC Compressor Market
7.4.6. Rest of Asia Pacific Automotive Electric HVAC Compressor Market
7.5. Latin America Automotive Electric HVAC Compressor Market Snapshot
7.5.1. Brazil Automotive Electric HVAC Compressor Market
7.5.2. Mexico Automotive Electric HVAC Compressor Market
7.6. Rest of The World Automotive Electric HVAC Compressor Market

Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Denso Corporation Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.2.2. Hanon Systems
8.2.3. MAHLE GmbH
8.2.4. SANDEN Holdings Corporation
8.2.5. Toyota Industries Corporation
8.2.6. Highly Marelli Holdings Co., Ltd.
8.2.7. Valeo S.A.
8.2.8. Shanghai Highly (Group) Co. Ltd
8.2.9. Robert Bosch GmbH
8.2.10. Continental AG
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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