Global Automotive Electric HVAC Compressor to reach USD 34.93 billion by 2027. 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
MAHLE GmbH
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:
Electric,
Conventional (Belt Driven)
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
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
Investors