Automotive Air Conditioning Electric Scroll Compressors Market Size, Trends, Share, Growth, and Opportunity Forecast, 2024 - 2031 Global Industry Analysis By Type (Below 25 cc/r, 25~40 cc/r, and Above 40 cc/r), By Vehicle Type (Passenger Cars, Commercial Vehicles, and Electric Vehicles), By Compressor Capacity (Fixed, and Variable), By Sales Channel (OEMs, and Aftermarket) and By Geography (North America, Europe, Asia Pacific, South America, and Middle East & Africa)

Automotive Air Conditioning Electric Scroll Compressors Market Size, Trends, Share, Growth, and Opportunity Forecast, 2024 - 2031 Global Industry Analysis By Type (Below 25 cc/r, 25~40 cc/r, and Above 40 cc/r), By Vehicle Type (Passenger Cars, Commercial Vehicles, and Electric Vehicles), By Compressor Capacity (Fixed, and Variable), By Sales Channel (OEMs, and Aftermarket) and By Geography (North America, Europe, Asia Pacific, South America, and Middle East & Africa)
Region: Global
Published: May 2024
Report Code: CGNAAT661
Pages: 232

The Global Automotive Air Conditioning Electric Scroll Compressors Market was valued at USD 971.3 Million in 2023 and is anticipated to reach a value of USD 1,309.5 Million by 2031 expanding at a CAGR of 3.9% between 2024 and 2031.

Automotive air conditioning electric scroll compressors are crucial components utilized in automotive air conditioning systems. These are a kind of compressors powered by electricity and has role in compressing and circulating refrigerant vapor in the air conditioning system. They provide more advanced and efficient cooling and temperature control for vehicles, ensuring passenger comfort in all weather conditions. They are employed in air conditioning equipment as a vacuum pump.  Automotive air conditioning electric scroll compressors means that it uses the scroll principle to compress the refrigerant, thus producing a great cooling effect. The scroll type compression principle is utilized in order to ensure efficient compression. Automotive air conditioning electric scroll compressors offer improved efficiency, performance, durability, and reliability. The automotive air conditioning electric scroll compressors market is experiencing robust growth due to rising demand for electric vehicles (EVs), growing sales of automobiles, consumer preference for comfort, and growing emphasis on fuel efficiency.

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Automotive Air Conditioning Electric Scroll Compressors Market Major Driving Forces

Rising Demand for Electric Vehicles (EVs): The growing adoption of electric vehicles(EVs) is propelling the automotive air conditioning electric scroll compressors market growth. Electric vehicles rely on electric compressors for air conditioning due to their efficiency and compact size.

Growing Sales of Automobiles: The rising sales of automobiles is boosting the growth of the automotive air conditioning electric scroll compressors market. Automotive electric scroll compressors are used in automobile air conditioning systems, as they are highly complaint with fluids in between the scroll components.

Consumer Preference for Comfort: The growing consumer preference towards comfort and convenience drives demand for automotive air conditioning electric scroll compressors. Modern users prioritizing comfort and efficient air conditioning for their convenience.  

Growing Emphasis on Fuel Efficiency: The increasing focus on fuel efficiency is a major factor driving demand for automotive air conditioning electric scroll compressors. Electric scroll compressors offer superior energy efficiency as compared to traditional piston compressors, resulting in reduced fuel consumption and lower emissions.

Automotive Air Conditioning Electric Scroll Compressors Market Key Opportunities

Technological Advancements: Ongoing advancements in compressor technology is expected to create opportunities for market growth. These advancements include integrating variable speed control, improved durability, compact size, and enhanced performance are present opportunities for innovations in the electric scroll compressor market.

Rising Demand for Luxury Vehicles: The growing demand for luxury and premium vehicles is anticipated to propel the growth of the automotive air conditioning electric scroll compressors market. Luxury and premium vehicles are differed by their higher quality, advanced features, and extensive level of comfort. These luxurious vehicles utilize these electric scroll compressors to enhance air conditioning and climate control systems, providing precise cooling performance.

Focus on Sustainability: The growing emphasis on reducing environmental impact provide an opportunity for manufacturers to develop eco-friendly solutions. Manufacturers can develop more energy-efficient and eco-friendly compressors to cater environmentally conscious consumers. Manufacturers can utilize recycled materials or sustainable manufacturing practices to offer sustainable and eco-friendly solutions.  

Automotive Air Conditioning Electric Scroll Compressors Market Key Trends

·         Integration of electric scroll compressors with advanced thermal management systems in electric vehicles is a prominent trend in the market

·         The growing emphasis on fuel efficiency, leading to reduced fuel consumption as compared to traditional piston compressors

·         The rise in electric and hybrid vehicle adoption is a significant factor boosting demand for automotive air conditioning electric scroll compressors

·         The growing emphasis on reducing environmental impact, leading to the development of more energy-efficient and eco-friendly compressors

·         Sustainable packaging and shipping solutions to reduce the environmental impact of automotive air conditioning electric scroll compressors distribution

·         Increased use of advanced technologies such as variable speed drives and smart control systems to optimize compressor performance

·         Integration of connectivity features in automotive air conditioning systems is gaining traction, enable users to remotely control and monitor their vehicle climate settings

Region-wise Market Insights

Asia Pacific accounted for the largest market share at 34.1% in 2023 whereas, Asia Pacific is expected to register the fastest growth, expanding at a CAGR of 4.0% between 2024 and 2031.

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Asia Pacific is the leading region in the global automotive air conditioning electric scroll compressors market and is predicted to be a fastest growing region in forecast period. This dominance in region is due to strong government support for adoption of electric and hybrid vehicles, strong presence of established manufacturers, and rapid expansion of automotive industry.  In North America, the demand is driven by a strong presence of established automotive manufacturers, demand for vehicle comfort and convenience, technological advancements, and stringent environmental regulations in the region. Europe emphasizes on environmental regulations and energy efficiency, with increasing demand for luxury and premium vehicles. The Middle East and Africa has been witnessing a significant demand for automotive air conditioning electric scroll compressors due to government initiatives, and growing sales of automobiles whereas, in Latin America, the market is influenced by growing automotive production, increasing demand for comfort, and rising disposable incomes.

Market Competition Landscape

The global automotive air conditioning electric scroll compressors market is highly fragmented with the presence of established and emerging manufacturers. Various companies in the automotive air conditioning electric scroll compressors market engage in growth strategies including product innovation, design differentiation, and the incorporation of sustainable and eco-friendly materials aimed at gaining a competitive edge. Moreover, prominent players in the industry are investing in technological innovations to offer advanced solutions in order to stay ahead in the market competition. Established brands leverage their reputation for quality and reliability to maintain market share, while newer entrants focus on disruptive innovations and unique selling propositions.

Key players in the global automotive air conditioning electric scroll compressors market implement various organic and inorganic strategies to strengthen and improve their market positioning. Prominent players in the market include:

·         Sanden Corporation.

·         Denso Corporation.

·         Hanon Systems.

·         Brose Fahrzeugteile GmbH & Co. Kg.

·         Mahle Behr GmbH.

·         Valeo S.A.

·         Panasonic Corporation.

·         Shanghai Highly (Group) Co., Ltd.

·         Calsonic Kansei Corporation

·         Toyota Industries Corporation

·         Pierburg GmBH

·         Mahle GmbH

·         Robert Bosch GmbH  

·         Mitsubishi Heavy Industries Ltd.

Report Attribute/Metric

Details

Market Revenue in 2023

USD 971.3 Million

Market Revenue in 2031

USD 1,309.5 Million

CAGR (2024 – 2031)

3.9%

Base Year

2023

Forecast Period

2024 – 2031

Historical Data

2019 to 2023

Forecast Unit

Value (US$ Mn)

Key Report Deliverable

Revenue Forecast, Growth Trends, Market Dynamics, Segmental Overview, Regional and Country-wise Analysis, Competition Landscape

Segments Covered

·   By Type (Below 25 cc/r, 25~40 cc/r, and Above 40 cc/r)

·   By Vehicle Type (Passenger Cars, Commercial Vehicles, and Electric Vehicles)

·   By Compressor Capacity (Fixed, and Variable)

·   By Sales Channel (OEMs, and Aftermarket)

Geographies Covered

North America: U.S., Canada and Mexico  

Europe: Germany, France, U.K., Italy, Spain, and Rest of Europe

Asia Pacific: China, India, Japan, South Korea, Southeast Asia, and Rest of Asia Pacific

South America: Brazil, Argentina, and Rest of Latin America

Middle East & Africa:  GCC Countries, South Africa, and Rest of Middle East & Africa

Key Players Analyzed

Sanden Corporation,Denso Corporation.,Hanon Systems.,Brose Fahrzeugteile GmbH & Co. Kg.,Mahle Behr GmbH.,Valeo S.A.,Panasonic Corporation.,Shanghai Highly (Group) Co., Ltd.,Calsonic Kansei Corporation,Toyota Industries Corporation,Pierburg GmBH,Mahle GmbH,Robert Bosch GmbH, and Mitsubishi Heavy Industries Ltd.

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