The Europe Automotive Electric HVAC Compressor Market would witness market growth of 18.5% CAGR during the forecast period (2021-2027).
Multi-functionality features and lower energy consumption would specifically encourage electric vehicle OEMs to accept electric compressors on a wide scale. Though an electric compressor is a crucial element of an electric vehicle, the demand for electric compressors depends completely on the demand for electric vehicles. As such, any surge in the deployment of electric vehicles would directly translate into rising demand for electric compressors. The global COVID-19 pandemic has wreaked havoc on various industries and industry verticals and the automotive industry is no exception to that.
Manufacturing abilities are still underused due to the limitations and lockdowns norms imposed as part of the strategies to curb the spread of COVID-19 infection. Due to this, the overall automotive industry would showcase a gradual growth in the short term as manufacturers postpone short-term CAPEX to save cash while addressing the problems in the supply chain. Auto component makers would also prioritize the consolidation of current capacities instead of pursuing expansion plans. Such as short-term, “Cash Preserve” strategy being followed by component providers would challenge the further development of the market in the short term.
Displacement, performance, and voltage are crucial aspects that should be considered while choosing the accurate electric compressor for off-road vehicles. New regulations are encouraging numerous individuals to adopt electric and hybrid vehicles. It has been discovered that European nations would put a ban on diesel engines in the next few years. These trends would help the regional automotive electric HVAC compressor market to grow further.
Though the upfront cost of electric vehicles could be high, long-term funding in electric vehicles is displaying higher comfort, efficiency, and low total price of operation. Therefore, players operating in the regional market are augmenting their manufacturing capabilities for e-compressors that fulfil the suit electric and hybrid vehicles.
The Germany market dominated the Europe Automotive Electric HVAC Compressor Plug-in Hybrid Electric Vehicles (PHEV) Market by Country 2020, thereby, achieving a market value of $234.9 million by 2027. The UK market is exhibiting a CAGR of 19.7% during (2021 - 2027). Additionally, The France market is poised to witness a CAGR of 21.9% 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 Germany, UK, France, Russia, Norway, Netherlands, and Rest of Europe.
Free Valuable Insights: The Global Automotive Electric HVAC Compressor Market Size will Hit $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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe Automotive Electric HVAC Compressor Market, by Vehicle Type
1.4.2 Europe Automotive Electric HVAC Compressor Market, by Drivetrain
1.4.3 Europe Automotive Electric HVAC Compressor Market, by Cooling Capacity
1.4.4 Europe 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. Europe Automotive Electric HVAC Compressor Market by Vehicle Type
3.1 Europe Passenger Vehicle Automotive Electric HVAC Compressor Market by Country
3.2 Europe Light Commercial Vehicle (LCV) Automotive Electric HVAC Compressor Market by Country
3.3 Europe Heavy Commercial Vehicle (HCV) Automotive Electric HVAC Compressor Market by Country
3.4 Europe Other Vehicle Type Automotive Electric HVAC Compressor Market by Country
Chapter 4. Europe Automotive Electric HVAC Compressor Market by Drivetrain
4.1 Europe Automotive Electric HVAC Compressor Hybrid Electric Vehicles (HEV) Market by Country
4.2 Europe Automotive Electric HVAC Compressor Plug-in Hybrid Electric Vehicles (PHEV) Market by Country
4.3 Europe Automotive Electric HVAC Compressor Battery Electric Vehicles (BEV) Market by Country
Chapter 5. Europe Automotive Electric HVAC Compressor Market by Cooling Capacity
5.1 Europe 20-40 CC Automotive Electric HVAC Compressor Market by Country
5.2 Europe Less Than 20 CC Automotive Electric HVAC Compressor Market by Country
5.3 Europe 40-60 CC Automotive Electric HVAC Compressor Market by Country
5.4 Europe Others Automotive Electric HVAC Compressor Market by Country
Chapter 6. Europe Automotive Electric HVAC Compressor Market by Country
6.1 Germany Automotive Electric HVAC Compressor Market
6.1.1 Germany Automotive Electric HVAC Compressor Market by Vehicle Type
6.1.2 Germany Automotive Electric HVAC Compressor Market by Drivetrain
6.1.3 Germany Automotive Electric HVAC Compressor Market by Cooling Capacity
6.2 UK Automotive Electric HVAC Compressor Market
6.2.1 UK Automotive Electric HVAC Compressor Market by Vehicle Type
6.2.2 UK Automotive Electric HVAC Compressor Market by Drivetrain
6.2.3 UK Automotive Electric HVAC Compressor Market by Cooling Capacity
6.3 France Automotive Electric HVAC Compressor Market
6.3.1 France Automotive Electric HVAC Compressor Market by Vehicle Type
6.3.2 France Automotive Electric HVAC Compressor Market by Drivetrain
6.3.3 France Automotive Electric HVAC Compressor Market by Cooling Capacity
6.4 Russia Automotive Electric HVAC Compressor Market
6.4.1 Russia Automotive Electric HVAC Compressor Market by Vehicle Type
6.4.2 Russia Automotive Electric HVAC Compressor Market by Drivetrain
6.4.3 Russia Automotive Electric HVAC Compressor Market by Cooling Capacity
6.5 Norway Automotive Electric HVAC Compressor Market
6.5.1 Norway Automotive Electric HVAC Compressor Market by Vehicle Type
6.5.2 Norway Automotive Electric HVAC Compressor Market by Drivetrain
6.5.3 Norway Automotive Electric HVAC Compressor Market by Cooling Capacity
6.6 Netherlands Automotive Electric HVAC Compressor Market
6.6.1 Netherlands Automotive Electric HVAC Compressor Market by Vehicle Type
6.6.2 Netherlands Automotive Electric HVAC Compressor Market by Drivetrain
6.6.3 Netherlands Automotive Electric HVAC Compressor Market by Cooling Capacity
6.7 Rest of Europe Automotive Electric HVAC Compressor Market
6.7.1 Rest of Europe Automotive Electric HVAC Compressor Market by Vehicle Type
6.7.2 Rest of Europe Automotive Electric HVAC Compressor Market by Drivetrain
6.7.3 Rest of Europe 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 Europe Automotive Electric HVAC Compressor Market, 2017 - 2020, USD Million
TABLE 2 Europe Automotive Electric HVAC Compressor Market, 2021 - 2027, USD Million
TABLE 3 Europe Automotive Electric HVAC Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 4 Europe Automotive Electric HVAC Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 5 Europe Passenger Vehicle Automotive Electric HVAC Compressor Market by Country, 2017 - 2020, USD Million
TABLE 6 Europe Passenger Vehicle Automotive Electric HVAC Compressor Market by Country, 2021 - 2027, USD Million
TABLE 7 Europe Light Commercial Vehicle (LCV) Automotive Electric HVAC Compressor Market by Country, 2017 - 2020, USD Million
TABLE 8 Europe Light Commercial Vehicle (LCV) Automotive Electric HVAC Compressor Market by Country, 2021 - 2027, USD Million
TABLE 9 Europe Heavy Commercial Vehicle (HCV) Automotive Electric HVAC Compressor Market by Country, 2017 - 2020, USD Million
TABLE 10 Europe Heavy Commercial Vehicle (HCV) Automotive Electric HVAC Compressor Market by Country, 2021 - 2027, USD Million
TABLE 11 Europe Other Vehicle Type Automotive Electric HVAC Compressor Market by Country, 2017 - 2020, USD Million
TABLE 12 Europe Other Vehicle Type Automotive Electric HVAC Compressor Market by Country, 2021 - 2027, USD Million
TABLE 13 Europe Automotive Electric HVAC Compressor Market by Drivetrain, 2017 - 2020, USD Million
TABLE 14 Europe Automotive Electric HVAC Compressor Market by Drivetrain, 2021 - 2027, USD Million
TABLE 15 Europe Automotive Electric HVAC Compressor Hybrid Electric Vehicles (HEV) Market by Country, 2017 - 2020, USD Million
TABLE 16 Europe Automotive Electric HVAC Compressor Hybrid Electric Vehicles (HEV) Market by Country, 2021 - 2027, USD Million
TABLE 17 Europe Automotive Electric HVAC Compressor Plug-in Hybrid Electric Vehicles (PHEV) Market by Country, 2017 - 2020, USD Million
TABLE 18 Europe Automotive Electric HVAC Compressor Plug-in Hybrid Electric Vehicles (PHEV) Market by Country, 2021 - 2027, USD Million
TABLE 19 Europe Automotive Electric HVAC Compressor Battery Electric Vehicles (BEV) Market by Country, 2017 - 2020, USD Million
TABLE 20 Europe Automotive Electric HVAC Compressor Battery Electric Vehicles (BEV) Market by Country, 2021 - 2027, USD Million
TABLE 21 Europe Automotive Electric HVAC Compressor Market by Cooling Capacity, 2017 - 2020, USD Million
TABLE 22 Europe Automotive Electric HVAC Compressor Market by Cooling Capacity, 2021 - 2027, USD Million
TABLE 23 Europe 20-40 CC Automotive Electric HVAC Compressor Market by Country, 2017 - 2020, USD Million
TABLE 24 Europe 20-40 CC Automotive Electric HVAC Compressor Market by Country, 2021 - 2027, USD Million
TABLE 25 Europe Less Than 20 CC Automotive Electric HVAC Compressor Market by Country, 2017 - 2020, USD Million
TABLE 26 Europe Less Than 20 CC Automotive Electric HVAC Compressor Market by Country, 2021 - 2027, USD Million
TABLE 27 Europe 40-60 CC Automotive Electric HVAC Compressor Market by Country, 2017 - 2020, USD Million
TABLE 28 Europe 40-60 CC Automotive Electric HVAC Compressor Market by Country, 2021 - 2027, USD Million
TABLE 29 Europe Others Automotive Electric HVAC Compressor Market by Country, 2017 - 2020, USD Million
TABLE 30 Europe Others Automotive Electric HVAC Compressor Market by Country, 2021 - 2027, USD Million
TABLE 31 Europe Automotive Electric HVAC Compressor Market by Country, 2017 - 2020, USD Million
TABLE 32 Europe Automotive Electric HVAC Compressor Market by Country, 2021 - 2027, USD Million
TABLE 33 Germany Automotive Electric HVAC Compressor Market, 2017 - 2020, USD Million
TABLE 34 Germany Automotive Electric HVAC Compressor Market, 2021 - 2027, USD Million
TABLE 35 Germany Automotive Electric HVAC Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 36 Germany Automotive Electric HVAC Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 37 Germany Automotive Electric HVAC Compressor Market by Drivetrain, 2017 - 2020, USD Million
TABLE 38 Germany Automotive Electric HVAC Compressor Market by Drivetrain, 2021 - 2027, USD Million
TABLE 39 Germany Automotive Electric HVAC Compressor Market by Cooling Capacity, 2017 - 2020, USD Million
TABLE 40 Germany Automotive Electric HVAC Compressor Market by Cooling Capacity, 2021 - 2027, USD Million
TABLE 41 UK Automotive Electric HVAC Compressor Market, 2017 - 2020, USD Million
TABLE 42 UK Automotive Electric HVAC Compressor Market, 2021 - 2027, USD Million
TABLE 43 UK Automotive Electric HVAC Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 44 UK Automotive Electric HVAC Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 45 UK Automotive Electric HVAC Compressor Market by Drivetrain, 2017 - 2020, USD Million
TABLE 46 UK Automotive Electric HVAC Compressor Market by Drivetrain, 2021 - 2027, USD Million
TABLE 47 UK Automotive Electric HVAC Compressor Market by Cooling Capacity, 2017 - 2020, USD Million
TABLE 48 UK Automotive Electric HVAC Compressor Market by Cooling Capacity, 2021 - 2027, USD Million
TABLE 49 France Automotive Electric HVAC Compressor Market, 2017 - 2020, USD Million
TABLE 50 France Automotive Electric HVAC Compressor Market, 2021 - 2027, USD Million
TABLE 51 France Automotive Electric HVAC Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 52 France Automotive Electric HVAC Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 53 France Automotive Electric HVAC Compressor Market by Drivetrain, 2017 - 2020, USD Million
TABLE 54 France Automotive Electric HVAC Compressor Market by Drivetrain, 2021 - 2027, USD Million
TABLE 55 France Automotive Electric HVAC Compressor Market by Cooling Capacity, 2017 - 2020, USD Million
TABLE 56 France Automotive Electric HVAC Compressor Market by Cooling Capacity, 2021 - 2027, USD Million
TABLE 57 Russia Automotive Electric HVAC Compressor Market, 2017 - 2020, USD Million
TABLE 58 Russia Automotive Electric HVAC Compressor Market, 2021 - 2027, USD Million
TABLE 59 Russia Automotive Electric HVAC Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 60 Russia Automotive Electric HVAC Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 61 Russia Automotive Electric HVAC Compressor Market by Drivetrain, 2017 - 2020, USD Million
TABLE 62 Russia Automotive Electric HVAC Compressor Market by Drivetrain, 2021 - 2027, USD Million
TABLE 63 Russia Automotive Electric HVAC Compressor Market by Cooling Capacity, 2017 - 2020, USD Million
TABLE 64 Russia Automotive Electric HVAC Compressor Market by Cooling Capacity, 2021 - 2027, USD Million
TABLE 65 Norway Automotive Electric HVAC Compressor Market, 2017 - 2020, USD Million
TABLE 66 Norway Automotive Electric HVAC Compressor Market, 2021 - 2027, USD Million
TABLE 67 Norway Automotive Electric HVAC Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 68 Norway Automotive Electric HVAC Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 69 Norway Automotive Electric HVAC Compressor Market by Drivetrain, 2017 - 2020, USD Million
TABLE 70 Norway Automotive Electric HVAC Compressor Market by Drivetrain, 2021 - 2027, USD Million
TABLE 71 Norway Automotive Electric HVAC Compressor Market by Cooling Capacity, 2017 - 2020, USD Million
TABLE 72 Norway Automotive Electric HVAC Compressor Market by Cooling Capacity, 2021 - 2027, USD Million
TABLE 73 Netherlands Automotive Electric HVAC Compressor Market, 2017 - 2020, USD Million
TABLE 74 Netherlands Automotive Electric HVAC Compressor Market, 2021 - 2027, USD Million
TABLE 75 Netherlands Automotive Electric HVAC Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 76 Netherlands Automotive Electric HVAC Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 77 Netherlands Automotive Electric HVAC Compressor Market by Drivetrain, 2017 - 2020, USD Million
TABLE 78 Netherlands Automotive Electric HVAC Compressor Market by Drivetrain, 2021 - 2027, USD Million
TABLE 79 Netherlands Automotive Electric HVAC Compressor Market by Cooling Capacity, 2017 - 2020, USD Million
TABLE 80 Netherlands Automotive Electric HVAC Compressor Market by Cooling Capacity, 2021 - 2027, USD Million
TABLE 81 Rest of Europe Automotive Electric HVAC Compressor Market, 2017 - 2020, USD Million
TABLE 82 Rest of Europe Automotive Electric HVAC Compressor Market, 2021 - 2027, USD Million
TABLE 83 Rest of Europe Automotive Electric HVAC Compressor Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 84 Rest of Europe Automotive Electric HVAC Compressor Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 85 Rest of Europe Automotive Electric HVAC Compressor Market by Drivetrain, 2017 - 2020, USD Million
TABLE 86 Rest of Europe Automotive Electric HVAC Compressor Market by Drivetrain, 2021 - 2027, USD Million
TABLE 87 Rest of Europe Automotive Electric HVAC Compressor Market by Cooling Capacity, 2017 - 2020, USD Million
TABLE 88 Rest of Europe 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