The Asia Pacific Automotive Electric HVAC Compressor Market would witness market growth of 19.9% CAGR during the forecast period (2021-2027).
The air conditioning system is responsible for 20% of the complete energy consumption of a vehicle and therefore impacts the acceleration and range of the vehicle, among other aspects. An electric compressor can decrease this ratio, hence assisting in enhancing the overall range and productivity of electric vehicles. Electric compressors are integrated with in-built revolution speed control, which can be changed in order to decrease energy consumption. Electric compressors offer high performance at low revolutions while also increasing the life of the lithium-ion battery. The energy preserved can be utilized to enhance the range of the vehicle.
Though, the hermetic construction of an electric compressor assists in making sure that there should be no leakage in refrigerant and reacts with the air outside. Though, maintenance is equally important for electric compressors. The electric compressors and air conditioning systems of electric vehicles continue to evolve according to technological advancement. Due to this, future systems may be made with a unique approach to create the compressors compact and feature predictive control functions to enhance energy efficiency. Expecting these new systems to materialize, workshops, and owners would also have to consistently enhance their expertise in maintaining electric compressors of the future.
Asia Pacific emerged as a promising region in the global automotive electric HVAC market by obtaining a major revenue share of the market. Additionally, a constant surge in the sales of vehicles in various key nations of this region like India, China, South Korea, and Japan, has boosted the demand for automotive electric HVAC compressors. In addition to it, the automotive manufacturers operating in this region are enhancing their production in order to fulfil the local as well export demand for the vehicle, which as a result, would propel the regional automotive electric HVAC compressors market.
Moreover, increasing fuel prices in India are motivating individuals to choose electric and hybrid vehicles. These trends are converting into profitable growth opportunities for the players operating in the regional market. Compressors are becoming highly crucial in battery thermal management and improving range & maintenance of battery life, thereby accelerating the growth & demand of the market.
The China market dominated the Asia Pacific 40-60 CC Automotive Electric HVAC Compressor Market by Country 2020, thereby, achieving a market value of $1,084.1 million by 2027. The Japan market is showcasing a CAGR of 20% during (2021 - 2027). Additionally, The Taiwan market is anticipated to grow at a CAGR of 21.7% during (2021 - 2027).
Based on Vehicle Type, the market is segmented into Passenger Vehicle, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV) and Others. Based on Drivetrain, the market is segmented into Hybrid Electric Vehicles (HEV), Plug-in Hybrid Electric Vehicles (PHEV) and Battery Electric Vehicles (BEV). Based on Cooling Capacity, the market is segmented into 20-40 CC, Less Than 20 CC, 40-60 CC and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Taiwan, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Automotive Electric HVAC Compressor Market is Projected to reach USD 30.4 Billion by 2027, at a CAGR of 19.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Denso Corporation, Toyota Industries Corporation, Valeo SA, Aptiv PLC, Panasonic Corporation, Brose Fahrzeugteile SE & Co. KG, BorgWarner, Inc., Hanon Systems (Hahn & Co. Auto Holdings Co., Ltd.), Mahle GmbH (Mahle Stiftung GmbH), and Sanden Holdings Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Vehicle Type
- Passenger Vehicle
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle (HCV)
- Others
By Drivetrain
- Hybrid Electric Vehicles (HEV)
- Plug-in Hybrid Electric Vehicles (PHEV)
- Battery Electric Vehicles (BEV)
By Cooling Capacity
- 20-40 CC
- Less Than 20 CC
- 40-60 CC
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Taiwan
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Denso Corporation
- Toyota Industries Corporation
- Valeo SA
- Aptiv PLC
- Panasonic Corporation
- Brose Fahrzeugteile SE & Co. KG
- BorgWarner, Inc.
- Hanon Systems (Hahn & Co. Auto Holdings Co., Ltd.)
- Mahle GmbH (Mahle Stiftung GmbH)
- Sanden Holdings Corporation
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Automotive Electric HVAC Compressor Market, by Vehicle Type
1.4.2 Asia Pacific Automotive Electric HVAC Compressor Market, by Drivetrain
1.4.3 Asia Pacific Automotive Electric HVAC Compressor Market, by Cooling Capacity
1.4.4 Asia Pacific Automotive Electric HVAC Compressor Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Automotive Electric HVAC Compressor Market by Vehicle Type
3.1 Asia Pacific Passenger Vehicle Automotive Electric HVAC Compressor Market by Country
3.2 Asia Pacific Light Commercial Vehicle (LCV) Automotive Electric HVAC Compressor Market by Country
3.3 Asia Pacific Heavy Commercial Vehicle (HCV) Automotive Electric HVAC Compressor Market by Country
3.4 Asia Pacific Other Vehicle Type Automotive Electric HVAC Compressor Market by Country
Chapter 4. Asia Pacific Automotive Electric HVAC Compressor Market by Drivetrain
4.1 Asia Pacific Automotive Electric HVAC Compressor Hybrid Electric Vehicles (HEV) Market by Country
4.2 Asia Pacific Automotive Electric HVAC Compressor Plug-in Hybrid Electric Vehicles (PHEV) Market by Country
4.3 Asia Pacific Automotive Electric HVAC Compressor Battery Electric Vehicles (BEV) Market by Country
Chapter 5. Asia Pacific Automotive Electric HVAC Compressor Market by Cooling Capacity
5.1 Asia Pacific 20-40 CC Automotive Electric HVAC Compressor Market by Country
5.2 Asia Pacific Less Than 20 CC Automotive Electric HVAC Compressor Market by Country
5.3 Asia Pacific 40-60 CC Automotive Electric HVAC Compressor Market by Country
5.4 Asia Pacific Others Automotive Electric HVAC Compressor Market by Country
Chapter 6. Asia Pacific Automotive Electric HVAC Compressor Market by Country
6.1 China Automotive Electric HVAC Compressor Market
6.1.1 China Automotive Electric HVAC Compressor Market by Vehicle Type
6.1.2 China Automotive Electric HVAC Compressor Market by Drivetrain
6.1.3 China Automotive Electric HVAC Compressor Market by Cooling Capacity
6.2 Japan Automotive Electric HVAC Compressor Market
6.2.1 Japan Automotive Electric HVAC Compressor Market by Vehicle Type
6.2.2 Japan Automotive Electric HVAC Compressor Market by Drivetrain
6.2.3 Japan Automotive Electric HVAC Compressor Market by Cooling Capacity
6.3 Taiwan Automotive Electric HVAC Compressor Market
6.3.1 Taiwan Automotive Electric HVAC Compressor Market by Vehicle Type
6.3.2 Taiwan Automotive Electric HVAC Compressor Market by Drivetrain
6.3.3 Taiwan Automotive Electric HVAC Compressor Market by Cooling Capacity
6.4 India Automotive Electric HVAC Compressor Market
6.4.1 India Automotive Electric HVAC Compressor Market by Vehicle Type
6.4.2 India Automotive Electric HVAC Compressor Market by Drivetrain
6.4.3 India Automotive Electric HVAC Compressor Market by Cooling Capacity
6.5 South Korea Automotive Electric HVAC Compressor Market
6.5.1 South Korea Automotive Electric HVAC Compressor Market by Vehicle Type
6.5.2 South Korea Automotive Electric HVAC Compressor Market by Drivetrain
6.5.3 South Korea Automotive Electric HVAC Compressor Market by Cooling Capacity
6.6 Singapore Automotive Electric HVAC Compressor Market
6.6.1 Singapore Automotive Electric HVAC Compressor Market by Vehicle Type
6.6.2 Singapore Automotive Electric HVAC Compressor Market by Drivetrain
6.6.3 Singapore Automotive Electric HVAC Compressor Market by Cooling Capacity
6.7 Rest of Asia Pacific Automotive Electric HVAC Compressor Market
6.7.1 Rest of Asia Pacific Automotive Electric HVAC Compressor Market by Vehicle Type
6.7.2 Rest of Asia Pacific Automotive Electric HVAC Compressor Market by Drivetrain
6.7.3 Rest of Asia Pacific Automotive Electric HVAC Compressor Market by Cooling Capacity
Chapter 7. Company Profiles
7.1 Denso Corporation
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional Analysis
7.1.1 Research & Development Expense
7.1.2 Recent strategies and developments:
7.1.2.1 Product Launches and Product Expansions:
7.2 Toyota Industries Corporation
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental Analysis
7.2.4 Recent strategies and developments:
7.2.4.1 Partnerships, Collaborations, and Agreements:
7.2.5 SWOT Analysis
7.3 Valeo SA
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Product Launches and Product Expansions:
7.3.6 Swot Analysis
7.4 Aptiv PLC
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.5 Panasonic Corporation
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.5.5 SWOT Analysis
7.6 Brose Fahrzeugteile SE & Co. KG
7.6.1 Company Overview
7.7 BorgWarner, Inc.
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Regional & Segmental Analysis
7.7.4 Research & Development Expenses
7.7.5 Recent strategies and developments:
7.7.5.1 Partnerships, Collaborations, and Agreements:
7.8 Hanon Systems (Hahn & Co. Auto Holdings Co., Ltd.)
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Regional Analysis
7.8.4 Research & Development Expense
7.8.5 Recent strategies and developments:
7.8.5.1 Partnerships, Collaborations, and Agreements:
7.8.5.2 Geographical Expansions:
7.9 Mahle GmbH (Mahle Stiftung GmbH)
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Research & Development Expense
7.9.5 Recent strategies and developments:
7.9.5.1 Geographical Expansions:
7.10. Sanden Holdings Corporation
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Recent strategies and developments:
7.10.3.1 Geographical Expansions:
7.10.3.2 Partnerships, Collaborations, and Agreements:
TABLE 1 Asia Pacific Automotive Electric HVAC Compressor Market, 2017 - 2020, USD Million
TABLE 2 Asia Pacific Automotive Electric HVAC Compressor Market, 2021 - 2027, USD Million
TABLE 3 Asia Pacific Automotive Electric HVAC Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 4 Asia Pacific Automotive Electric HVAC Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 5 Asia Pacific Passenger Vehicle Automotive Electric HVAC Compressor Market by Country, 2017 - 2020, USD Million
TABLE 6 Asia Pacific Passenger Vehicle Automotive Electric HVAC Compressor Market by Country, 2021 - 2027, USD Million
TABLE 7 Asia Pacific Light Commercial Vehicle (LCV) Automotive Electric HVAC Compressor Market by Country, 2017 - 2020, USD Million
TABLE 8 Asia Pacific Light Commercial Vehicle (LCV) Automotive Electric HVAC Compressor Market by Country, 2021 - 2027, USD Million
TABLE 9 Asia Pacific Heavy Commercial Vehicle (HCV) Automotive Electric HVAC Compressor Market by Country, 2017 - 2020, USD Million
TABLE 10 Asia Pacific Heavy Commercial Vehicle (HCV) Automotive Electric HVAC Compressor Market by Country, 2021 - 2027, USD Million
TABLE 11 Asia Pacific Other Vehicle Type Automotive Electric HVAC Compressor Market by Country, 2017 - 2020, USD Million
TABLE 12 Asia Pacific Other Vehicle Type Automotive Electric HVAC Compressor Market by Country, 2021 - 2027, USD Million
TABLE 13 Asia Pacific Automotive Electric HVAC Compressor Market by Drivetrain, 2017 - 2020, USD Million
TABLE 14 Asia Pacific Automotive Electric HVAC Compressor Market by Drivetrain, 2021 - 2027, USD Million
TABLE 15 Asia Pacific Automotive Electric HVAC Compressor Hybrid Electric Vehicles (HEV) Market by Country, 2017 - 2020, USD Million
TABLE 16 Asia Pacific Automotive Electric HVAC Compressor Hybrid Electric Vehicles (HEV) Market by Country, 2021 - 2027, USD Million
TABLE 17 Asia Pacific Automotive Electric HVAC Compressor Plug-in Hybrid Electric Vehicles (PHEV) Market by Country, 2017 - 2020, USD Million
TABLE 18 Asia Pacific Automotive Electric HVAC Compressor Plug-in Hybrid Electric Vehicles (PHEV) Market by Country, 2021 - 2027, USD Million
TABLE 19 Asia Pacific Automotive Electric HVAC Compressor Battery Electric Vehicles (BEV) Market by Country, 2017 - 2020, USD Million
TABLE 20 Asia Pacific Automotive Electric HVAC Compressor Battery Electric Vehicles (BEV) Market by Country, 2021 - 2027, USD Million
TABLE 21 Asia Pacific Automotive Electric HVAC Compressor Market by Cooling Capacity, 2017 - 2020, USD Million
TABLE 22 Asia Pacific Automotive Electric HVAC Compressor Market by Cooling Capacity, 2021 - 2027, USD Million
TABLE 23 Asia Pacific 20-40 CC Automotive Electric HVAC Compressor Market by Country, 2017 - 2020, USD Million
TABLE 24 Asia Pacific 20-40 CC Automotive Electric HVAC Compressor Market by Country, 2021 - 2027, USD Million
TABLE 25 Asia Pacific Less Than 20 CC Automotive Electric HVAC Compressor Market by Country, 2017 - 2020, USD Million
TABLE 26 Asia Pacific Less Than 20 CC Automotive Electric HVAC Compressor Market by Country, 2021 - 2027, USD Million
TABLE 27 Asia Pacific 40-60 CC Automotive Electric HVAC Compressor Market by Country, 2017 - 2020, USD Million
TABLE 28 Asia Pacific 40-60 CC Automotive Electric HVAC Compressor Market by Country, 2021 - 2027, USD Million
TABLE 29 Asia Pacific Others Automotive Electric HVAC Compressor Market by Country, 2017 - 2020, USD Million
TABLE 30 Asia Pacific Others Automotive Electric HVAC Compressor Market by Country, 2021 - 2027, USD Million
TABLE 31 Asia Pacific Automotive Electric HVAC Compressor Market by Country, 2017 - 2020, USD Million
TABLE 32 Asia Pacific Automotive Electric HVAC Compressor Market by Country, 2021 - 2027, USD Million
TABLE 33 China Automotive Electric HVAC Compressor Market, 2017 - 2020, USD Million
TABLE 34 China Automotive Electric HVAC Compressor Market, 2021 - 2027, USD Million
TABLE 35 China Automotive Electric HVAC Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 36 China Automotive Electric HVAC Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 37 China Automotive Electric HVAC Compressor Market by Drivetrain, 2017 - 2020, USD Million
TABLE 38 China Automotive Electric HVAC Compressor Market by Drivetrain, 2021 - 2027, USD Million
TABLE 39 China Automotive Electric HVAC Compressor Market by Cooling Capacity, 2017 - 2020, USD Million
TABLE 40 China Automotive Electric HVAC Compressor Market by Cooling Capacity, 2021 - 2027, USD Million
TABLE 41 Japan Automotive Electric HVAC Compressor Market, 2017 - 2020, USD Million
TABLE 42 Japan Automotive Electric HVAC Compressor Market, 2021 - 2027, USD Million
TABLE 43 Japan Automotive Electric HVAC Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 44 Japan Automotive Electric HVAC Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 45 Japan Automotive Electric HVAC Compressor Market by Drivetrain, 2017 - 2020, USD Million
TABLE 46 Japan Automotive Electric HVAC Compressor Market by Drivetrain, 2021 - 2027, USD Million
TABLE 47 Japan Automotive Electric HVAC Compressor Market by Cooling Capacity, 2017 - 2020, USD Million
TABLE 48 Japan Automotive Electric HVAC Compressor Market by Cooling Capacity, 2021 - 2027, USD Million
TABLE 49 Taiwan Automotive Electric HVAC Compressor Market, 2017 - 2020, USD Million
TABLE 50 Taiwan Automotive Electric HVAC Compressor Market, 2021 - 2027, USD Million
TABLE 51 Taiwan Automotive Electric HVAC Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 52 Taiwan Automotive Electric HVAC Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 53 Taiwan Automotive Electric HVAC Compressor Market by Drivetrain, 2017 - 2020, USD Million
TABLE 54 Taiwan Automotive Electric HVAC Compressor Market by Drivetrain, 2021 - 2027, USD Million
TABLE 55 Taiwan Automotive Electric HVAC Compressor Market by Cooling Capacity, 2017 - 2020, USD Million
TABLE 56 Taiwan Automotive Electric HVAC Compressor Market by Cooling Capacity, 2021 - 2027, USD Million
TABLE 57 India Automotive Electric HVAC Compressor Market, 2017 - 2020, USD Million
TABLE 58 India Automotive Electric HVAC Compressor Market, 2021 - 2027, USD Million
TABLE 59 India Automotive Electric HVAC Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 60 India Automotive Electric HVAC Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 61 India Automotive Electric HVAC Compressor Market by Drivetrain, 2017 - 2020, USD Million
TABLE 62 India Automotive Electric HVAC Compressor Market by Drivetrain, 2021 - 2027, USD Million
TABLE 63 India Automotive Electric HVAC Compressor Market by Cooling Capacity, 2017 - 2020, USD Million
TABLE 64 India Automotive Electric HVAC Compressor Market by Cooling Capacity, 2021 - 2027, USD Million
TABLE 65 South Korea Automotive Electric HVAC Compressor Market, 2017 - 2020, USD Million
TABLE 66 South Korea Automotive Electric HVAC Compressor Market, 2021 - 2027, USD Million
TABLE 67 South Korea Automotive Electric HVAC Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 68 South Korea Automotive Electric HVAC Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 69 South Korea Automotive Electric HVAC Compressor Market by Drivetrain, 2017 - 2020, USD Million
TABLE 70 South Korea Automotive Electric HVAC Compressor Market by Drivetrain, 2021 - 2027, USD Million
TABLE 71 South Korea Automotive Electric HVAC Compressor Market by Cooling Capacity, 2017 - 2020, USD Million
TABLE 72 South Korea Automotive Electric HVAC Compressor Market by Cooling Capacity, 2021 - 2027, USD Million
TABLE 73 Singapore Automotive Electric HVAC Compressor Market, 2017 - 2020, USD Million
TABLE 74 Singapore Automotive Electric HVAC Compressor Market, 2021 - 2027, USD Million
TABLE 75 Singapore Automotive Electric HVAC Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 76 Singapore Automotive Electric HVAC Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 77 Singapore Automotive Electric HVAC Compressor Market by Drivetrain, 2017 - 2020, USD Million
TABLE 78 Singapore Automotive Electric HVAC Compressor Market by Drivetrain, 2021 - 2027, USD Million
TABLE 79 Singapore Automotive Electric HVAC Compressor Market by Cooling Capacity, 2017 - 2020, USD Million
TABLE 80 Singapore Automotive Electric HVAC Compressor Market by Cooling Capacity, 2021 - 2027, USD Million
TABLE 81 Rest of Asia Pacific Automotive Electric HVAC Compressor Market, 2017 - 2020, USD Million
TABLE 82 Rest of Asia Pacific Automotive Electric HVAC Compressor Market, 2021 - 2027, USD Million
TABLE 83 Rest of Asia Pacific Automotive Electric HVAC Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 84 Rest of Asia Pacific Automotive Electric HVAC Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 85 Rest of Asia Pacific Automotive Electric HVAC Compressor Market by Drivetrain, 2017 - 2020, USD Million
TABLE 86 Rest of Asia Pacific Automotive Electric HVAC Compressor Market by Drivetrain, 2021 - 2027, USD Million
TABLE 87 Rest of Asia Pacific Automotive Electric HVAC Compressor Market by Cooling Capacity, 2017 - 2020, USD Million
TABLE 88 Rest of Asia Pacific Automotive Electric HVAC Compressor Market by Cooling Capacity, 2021 - 2027, USD Million
TABLE 89 key information – Denso Corporation
TABLE 90 Key Information – Toyota Industries Corporation
TABLE 91 key information – Valeo SA
TABLE 92 Key Information – Aptiv PLC
TABLE 93 Key Information – Panasonic Corporation
TABLE 94 Key information – Brose Fahrzeugteile SE & Co. KG
TABLE 95 Key Information – BorgWarner, Inc.
TABLE 96 Key information – Hanon Systems
TABLE 97 Key information – Mahle GmbH
TABLE 98 Key information – Sanden holdings corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: Toyota Industries Corporation
FIG 3 SWOT Analysis: Valeo SA
FIG 4 SWOT Analysis: Panasonic Corporation
FIG 5 Recent strategies and developments: Hanon Systems
FIG 6 Recent strategies and developments: Sanden Holdings Corporation