The North America Automotive Electric HVAC Compressor Market would witness market growth of 19% CAGR during the forecast period (2021-2027).
An electric compressor refers to an external component of the vehicle engine. Basically, it performs dual tasks which include cooling the cabin and the battery pack and preventing the overheating of the battery so as to minimize the possibilities of vehicle breakdown. An electric compressor is known for its low number of mechanical parts and therefore helps in achieving soundless and clearer operations because of the lower oil carryover. Due to these benefits, the overall efficiency of the vehicle is increased, provided that electric compressors are not dependent on the vehicle engine, hence boosting the demand for these compressors.
Existing technologies and performances of hydrogen compression for stationary and automotive applications are the catalysts for the growth of the automotive Ac compressor market. Hydrogen is playing a crucial role in developing vehicles emission-less and helps in the sustainable development of the global automotive industry. This is apparent since hydrogen is one of the highly available elements and virtually presents everywhere, hence becoming an abundant source of energy.
The advent of new electrically powered AC compressors has fueled the incorporation of AC systems in vehicles by decreasing the load on engines and streamlining the remote operation of the vehicles’ HVAC so that when the driver or passenger comes inside the vehicle, the temperature would be already set to the desired comfort level. Demand for these superior automotive electric HVAC compressors would surge substantially in the next few years.
Moreover, the customers in this region are witnessing a constant surge in their disposable income, which would encourage them to choose the vehicle with advanced features. Furthermore, these customers prefer to spend for extra comfort in their vehicles and thus, manufacturers in the automobile industry have made AC a traditional offering in the majority of their vehicles model so as to meet these demands.
The US market dominated the North America Light Commercial Vehicle (LCV) Automotive Electric HVAC Compressor Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,021.8 million by 2027. The Canada market is experiencing a CAGR of 20.8% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 19.7% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Automotive Electric HVAC Compressor Market is Estimated 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
- US
- Canada
- Mexico
- Rest of North America
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 North America Automotive Electric HVAC Compressor Market, by Vehicle Type
1.4.2 North America Automotive Electric HVAC Compressor Market, by Drivetrain
1.4.3 North America Automotive Electric HVAC Compressor Market, by Cooling Capacity
1.4.4 North America 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. North America Automotive Electric HVAC Compressor Market by Vehicle Type
3.1 North America Passenger Vehicle Automotive Electric HVAC Compressor Market by Country
3.2 North America Light Commercial Vehicle (LCV) Automotive Electric HVAC Compressor Market by Country
3.3 North America Heavy Commercial Vehicle (HCV) Automotive Electric HVAC Compressor Market by Country
3.4 North America Other Vehicle Type Automotive Electric HVAC Compressor Market by Country
Chapter 4. North America Automotive Electric HVAC Compressor Market by Drivetrain
4.1 North America Automotive Electric HVAC Compressor Hybrid Electric Vehicles (HEV) Market by Country
4.2 North America Automotive Electric HVAC Compressor Plug-in Hybrid Electric Vehicles (PHEV) Market by Country
4.3 North America Automotive Electric HVAC Compressor Battery Electric Vehicles (BEV) Market by Country
Chapter 5. North America Automotive Electric HVAC Compressor Market by Cooling Capacity
5.1 North America 20-40 CC Automotive Electric HVAC Compressor Market by Country
5.2 North America Less Than 20 CC Automotive Electric HVAC Compressor Market by Country
5.3 North America 40-60 CC Automotive Electric HVAC Compressor Market by Country
5.4 North America Others Automotive Electric HVAC Compressor Market by Country
Chapter 6. North America Automotive Electric HVAC Compressor Market by Country
6.1 US Automotive Electric HVAC Compressor Market
6.1.1 US Automotive Electric HVAC Compressor Market by Vehicle Type
6.1.2 US Automotive Electric HVAC Compressor Market by Drivetrain
6.1.3 US Automotive Electric HVAC Compressor Market by Cooling Capacity
6.2 Canada Automotive Electric HVAC Compressor Market
6.2.1 Canada Automotive Electric HVAC Compressor Market by Vehicle Type
6.2.2 Canada Automotive Electric HVAC Compressor Market by Drivetrain
6.2.3 Canada Automotive Electric HVAC Compressor Market by Cooling Capacity
6.3 Mexico Automotive Electric HVAC Compressor Market
6.3.1 Mexico Automotive Electric HVAC Compressor Market by Vehicle Type
6.3.2 Mexico Automotive Electric HVAC Compressor Market by Drivetrain
6.3.3 Mexico Automotive Electric HVAC Compressor Market by Cooling Capacity
6.4 Rest of North America Automotive Electric HVAC Compressor Market
6.4.1 Rest of North America Automotive Electric HVAC Compressor Market by Vehicle Type
6.4.2 Rest of North America Automotive Electric HVAC Compressor Market by Drivetrain
6.4.3 Rest of North America 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 North America Automotive Electric HVAC Compressor Market, 2017 - 2020, USD Million
TABLE 2 North America Automotive Electric HVAC Compressor Market, 2021 - 2027, USD Million
TABLE 3 North America Automotive Electric HVAC Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 4 North America Automotive Electric HVAC Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 5 North America Passenger Vehicle Automotive Electric HVAC Compressor Market by Country, 2017 - 2020, USD Million
TABLE 6 North America Passenger Vehicle Automotive Electric HVAC Compressor Market by Country, 2021 - 2027, USD Million
TABLE 7 North America Light Commercial Vehicle (LCV) Automotive Electric HVAC Compressor Market by Country, 2017 - 2020, USD Million
TABLE 8 North America Light Commercial Vehicle (LCV) Automotive Electric HVAC Compressor Market by Country, 2021 - 2027, USD Million
TABLE 9 North America Heavy Commercial Vehicle (HCV) Automotive Electric HVAC Compressor Market by Country, 2017 - 2020, USD Million
TABLE 10 North America Heavy Commercial Vehicle (HCV) Automotive Electric HVAC Compressor Market by Country, 2021 - 2027, USD Million
TABLE 11 North America Other Vehicle Type Automotive Electric HVAC Compressor Market by Country, 2017 - 2020, USD Million
TABLE 12 North America Other Vehicle Type Automotive Electric HVAC Compressor Market by Country, 2021 - 2027, USD Million
TABLE 13 North America Automotive Electric HVAC Compressor Market by Drivetrain, 2017 - 2020, USD Million
TABLE 14 North America Automotive Electric HVAC Compressor Market by Drivetrain, 2021 - 2027, USD Million
TABLE 15 North America Automotive Electric HVAC Compressor Hybrid Electric Vehicles (HEV) Market by Country, 2017 - 2020, USD Million
TABLE 16 North America Automotive Electric HVAC Compressor Hybrid Electric Vehicles (HEV) Market by Country, 2021 - 2027, USD Million
TABLE 17 North America Automotive Electric HVAC Compressor Plug-in Hybrid Electric Vehicles (PHEV) Market by Country, 2017 - 2020, USD Million
TABLE 18 North America Automotive Electric HVAC Compressor Plug-in Hybrid Electric Vehicles (PHEV) Market by Country, 2021 - 2027, USD Million
TABLE 19 North America Automotive Electric HVAC Compressor Battery Electric Vehicles (BEV) Market by Country, 2017 - 2020, USD Million
TABLE 20 North America Automotive Electric HVAC Compressor Battery Electric Vehicles (BEV) Market by Country, 2021 - 2027, USD Million
TABLE 21 North America Automotive Electric HVAC Compressor Market by Cooling Capacity, 2017 - 2020, USD Million
TABLE 22 North America Automotive Electric HVAC Compressor Market by Cooling Capacity, 2021 - 2027, USD Million
TABLE 23 North America 20-40 CC Automotive Electric HVAC Compressor Market by Country, 2017 - 2020, USD Million
TABLE 24 North America 20-40 CC Automotive Electric HVAC Compressor Market by Country, 2021 - 2027, USD Million
TABLE 25 North America Less Than 20 CC Automotive Electric HVAC Compressor Market by Country, 2017 - 2020, USD Million
TABLE 26 North America Less Than 20 CC Automotive Electric HVAC Compressor Market by Country, 2021 - 2027, USD Million
TABLE 27 North America 40-60 CC Automotive Electric HVAC Compressor Market by Country, 2017 - 2020, USD Million
TABLE 28 North America 40-60 CC Automotive Electric HVAC Compressor Market by Country, 2021 - 2027, USD Million
TABLE 29 North America Others Automotive Electric HVAC Compressor Market by Country, 2017 - 2020, USD Million
TABLE 30 North America Others Automotive Electric HVAC Compressor Market by Country, 2021 - 2027, USD Million
TABLE 31 North America Automotive Electric HVAC Compressor Market by Country, 2017 - 2020, USD Million
TABLE 32 North America Automotive Electric HVAC Compressor Market by Country, 2021 - 2027, USD Million
TABLE 33 US Automotive Electric HVAC Compressor Market, 2017 - 2020, USD Million
TABLE 34 US Automotive Electric HVAC Compressor Market, 2021 - 2027, USD Million
TABLE 35 US Automotive Electric HVAC Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 36 US Automotive Electric HVAC Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 37 US Automotive Electric HVAC Compressor Market by Drivetrain, 2017 - 2020, USD Million
TABLE 38 US Automotive Electric HVAC Compressor Market by Drivetrain, 2021 - 2027, USD Million
TABLE 39 US Automotive Electric HVAC Compressor Market by Cooling Capacity, 2017 - 2020, USD Million
TABLE 40 US Automotive Electric HVAC Compressor Market by Cooling Capacity, 2021 - 2027, USD Million
TABLE 41 Canada Automotive Electric HVAC Compressor Market, 2017 - 2020, USD Million
TABLE 42 Canada Automotive Electric HVAC Compressor Market, 2021 - 2027, USD Million
TABLE 43 Canada Automotive Electric HVAC Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 44 Canada Automotive Electric HVAC Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 45 Canada Automotive Electric HVAC Compressor Market by Drivetrain, 2017 - 2020, USD Million
TABLE 46 Canada Automotive Electric HVAC Compressor Market by Drivetrain, 2021 - 2027, USD Million
TABLE 47 Canada Automotive Electric HVAC Compressor Market by Cooling Capacity, 2017 - 2020, USD Million
TABLE 48 Canada Automotive Electric HVAC Compressor Market by Cooling Capacity, 2021 - 2027, USD Million
TABLE 49 Mexico Automotive Electric HVAC Compressor Market, 2017 - 2020, USD Million
TABLE 50 Mexico Automotive Electric HVAC Compressor Market, 2021 - 2027, USD Million
TABLE 51 Mexico Automotive Electric HVAC Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 52 Mexico Automotive Electric HVAC Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 53 Mexico Automotive Electric HVAC Compressor Market by Drivetrain, 2017 - 2020, USD Million
TABLE 54 Mexico Automotive Electric HVAC Compressor Market by Drivetrain, 2021 - 2027, USD Million
TABLE 55 Mexico Automotive Electric HVAC Compressor Market by Cooling Capacity, 2017 - 2020, USD Million
TABLE 56 Mexico Automotive Electric HVAC Compressor Market by Cooling Capacity, 2021 - 2027, USD Million
TABLE 57 Rest of North America Automotive Electric HVAC Compressor Market, 2017 - 2020, USD Million
TABLE 58 Rest of North America Automotive Electric HVAC Compressor Market, 2021 - 2027, USD Million
TABLE 59 Rest of North America Automotive Electric HVAC Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 60 Rest of North America Automotive Electric HVAC Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 61 Rest of North America Automotive Electric HVAC Compressor Market by Drivetrain, 2017 - 2020, USD Million
TABLE 62 Rest of North America Automotive Electric HVAC Compressor Market by Drivetrain, 2021 - 2027, USD Million
TABLE 63 Rest of North America Automotive Electric HVAC Compressor Market by Cooling Capacity, 2017 - 2020, USD Million
TABLE 64 Rest of North America Automotive Electric HVAC Compressor Market by Cooling Capacity, 2021 - 2027, USD Million
TABLE 65 key information – Denso Corporation
TABLE 66 Key Information – Toyota Industries Corporation
TABLE 67 key information – Valeo SA
TABLE 68 Key Information – Aptiv PLC
TABLE 69 Key Information – Panasonic Corporation
TABLE 70 Key information – Brose Fahrzeugteile SE & Co. KG
TABLE 71 Key Information – BorgWarner, Inc.
TABLE 72 Key information – Hanon Systems
TABLE 73 Key information – Mahle GmbH
TABLE 74 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