Automotive E-compressor Market : Global Analysis, Size, Share, Growth, Trends & Forecast By 2033

 The automotive e-compressor market is predicted to be worth US$ 1,730.7 Million in 2023 and rise to US$ 5,048.5 Million by 2033. The global industry was expanding at a CAGR of 7.3% from 2018 to 2022.

The demand for automotive e-compressor is driven by the increased popularity of vehicle electrification or hybridization during the projected period. However, one of the key restraints for the global market is the high installation and maintenance cost of these devices, as well as their complexity in repair and maintenance.

The market growth is also being constrained by consumers’ lack of understanding of how hybrid and electric vehicles are serviced and charged.

To encourage users to switch to electric vehicles, the government offers several incentives and subsidies. During the forecast period, there is likely to be a substantial demand for electric vehicles as a result of this. Due to technological developments, many electric automobiles are being produced and sold, which presents additional possibilities for market expansion.

Get a holistic overview of the market from industry experts to evaluate and develop growth strategies. Download the sample:
https://www.futuremarketinsights.com/reports/sample/rep-gb-17200

Key Takeaways:

  • By 2033, the automotive e-compressor market in the United Kingdom is likely to expand, with a CAGR of 7.6%.
  • In 2023, the United States is expected to dominate the automotive e-compressor sector, with a share of 13.5%.
  • The automotive e-compressor market was significantly expanding, with a size of US$ 1,623.5 Million in 2022.
  • By 2033, the automotive e-compressor market in China is likely to expand, with a CAGR of 12.2%.
  • In 2023, Germany is likely to expand in the automotive e-compressor business, with an expected share of 7.6%.
  • The market is expected to grow at a US$ 2,386.20 Million valuation by 2026, with a rising number of electric vehicles.
  • By 2033, India is projected to expand significantly in the automotive e-compressor market, with a share of 11.5%.
  • Japan’s automotive e-compressor industry share is likely to expand significantly, with a 9.2% share in 2023.
  • In 2023, passenger cars are expected to dominate the market with a share of 62%. It is anticipated to control the market by 2033 in terms of application.
  • Based on the product type, the passenger cars segment is likely to dominate the market by 2033.

For more information:
https://www.futuremarketinsights.com/reports/automotive-e-compressor-market

Approaches by Key Players:

The key players in the global automotive e-compressor sector are growing their market share through merger and acquisition activity or the construction of new facilities. As many local rivals begin to emerge, the global market is anticipated to witness high rivalry.

Key Players:

Denso Corporation, Hanon Systems, Valeo, Mahle GmbH, Sanden Holdings Corporation, Mitsubishi Heavy Industries, Hitachi Automotive Systems, LG Electronics, Panasonic Corporation, Calsonic Kansei Corporation.

Recent Developments:

  • An e-compressor for electric vehicles was introduced by Denso Company in 2019. For use in electric vehicles, the business has created an electric scroll compressor that is a highly efficient, miniature compressor. The company’s position in the automotive e-compressor industry has been bolstered by the introduction of this device.
  • On March 22, 2021, Toyota Industries and ANA worked together to test an advanced autonomous tow tractor. Toyota Industries is set to introduce a newly developed autonomous tow tractor with enhanced location monitoring capabilities that enable smooth operations between inside and outdoor environments.

Key Segments:

By Product Type:

  • Variable E-compressor
  • Displacement E-compressor

By Application:

  • Passenger cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
 
 
 

Comments

Post a Comment

Popular posts from this blog

Automotive Sensors Market Study: An Emerging Hint of Opportunity by 2033

  The   automotive sensor market  demand will continue rising through 2021 with worldwide demand projected to increase by  5.5%  year over year. As per Future Market Insights (FMI), automotive sensor revenues generation will increase at a ten-year compound annual growth rate (CAGR) of  7.2% , as the automotive production recovers after bucking skepticism about how the market would perform post pandemic. NXP Semiconductors N.V., TE Connectivity, Continental AG, Denso Corporation, Robert Bosch GmbH are identified as leading players in automotive sensor market. They will collectively account for nearly  30%  of global market share in 2021. Auto theft has emerged as a serious problem across the globe. According to a report by the National Insurance Crime Bureau, auto theft grew by 9.2% year-on-year in U.S. reaching 873,080 cases in 2020. To tackle this issue, automakers are installing modern anti-theft sensors in economic and budget cars. Th...
Read more

Automotive Head-up Display Market Report: Overview With Geographical Segmentation By Revenue With Forecast By 2033

  The global   automotive head-up display market   is expected to attain a valuation of US$ 1.3 billion in 2023 and is projected to reach US$ 6.4 billion by 2033, trailing a CAGR of 17.2% during the forecast period. New projection technologies are becoming available, such as electromechanical micro mirror-based devices. These innovations offer vivid displays with a broad colour spectrum. The affordability and innovation that these display technologies offer are what are driving the market growth for display systems. Key Takeaways The United States automotive head-up display industry is projected to expand with a CAGR of 16.8% from 2023 to 2033. The demand for automotive head-up displays in China is expected to capture a CAGR of 17.1% during the forecast period. By dimension, the 3D segment is projected to expand with a CAGR of 19.6% between 2023 and 2033. Germany is expected to secure a CAGR of 17% throughout the forecast period. Increasing sales of luxury and premium veh...
Read more

Automotive Lead Acid Battery Market Latest Advancements And Business Opportunities up to 2033

  According to the latest research by Future Market Insights (FMI), The global  Automotive Lead Acid Battery Market Size  estimates the market to expand at a steady CAGR of over 3.3% by year 2031-end. Flooded batteries, followed by enhanced flooded batteries are most sought-after lead acid batteries. Flooded batteries are expected to account for over half of sales registered in the market. The use of  lead batteries  for starting, lighting and ignition (SLI) application is increasing around the world. Easy availability of lead acid batteries and their economical pricing as compared to other battery types will continue enabling growth in the market over the coming decade. Despite advent of various advanced technologies, which threaten replacement, lead acid batteries sales will continue surging at a moderate pace. The rising production of passenger and commercial vehicles will continue supporting growth through the course of the forecast period. Also, the advent ...
Read more