Automotive Scroll e-Compressor Market to Reach $20.8 Billion, Globally, by 2033 at 12.6% CAGR: Allied Market Research
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Prime determinants of growth
The overall growth and trends within the automotive industry significantly impact the demand for scroll e-compressors. Factors such as increasing vehicle production, rising consumer demand for comfort features, and regulatory requirements for improved energy efficiency drive the adoption of advanced HVAC systems powered by scroll e-compressors. The shift towards electric vehicles is a major driver of growth for the Automotive Scroll E-Compressor Market. EVs require efficient and reliable electric compressors for their climate control systems, creating a significant demand for scroll e-compressors. Government incentives, environmental regulations, and technological advancements in EVs further accelerate this demand.
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Segment Highlights
By Type
The below 25 cc segment is expected to grow faster throughout the forecast period.
The below 25cc segment is anticipated to experience faster growth in the automotive scroll e-compressor market due to the increasing demand for compact and fuel-efficient vehicles, where smaller engines require efficient and space-saving scroll e-compressors for climate control systems.
By Material
The steel segment is expected to grow faster throughout the forecast period.
The steel segment is anticipated to experience faster growth in the automotive scroll e-compressor market due to steel's durability, cost-effectiveness, and widespread availability, making it a preferred material for manufacturing scroll e-compressors, especially for high-volume automotive applications.
By Vehicle Type
The sedan segment is expected to grow faster throughout the forecast period.
The steel segment is anticipated to experience faster growth in the automotive scroll e-compressor market due to sedans often being equipped with advanced climate control systems, where scroll e-compressors offer superior efficiency, compactness, and quiet operation, meeting consumer demands for comfort and performance in this vehicle category.
By Sales Channel
The Aftermarket segment is expected to grow faster throughout the forecast period.
The aftermarket segment is anticipated to experience faster growth in the automotive scroll e-compressor market due to the increasing demand for replacement and upgrade options for existing vehicles. As consumers seek to improve the efficiency and performance of their vehicles' air conditioning systems, aftermarket scroll e-compressors offer a convenient solution, providing enhanced cooling capabilities and energy efficiency. Additionally, the aftermarket segment benefits from a wide range of vehicle models and customization options, catering to diverse consumer preferences and vehicle requirements.
By Region
Asia-Pacific to maintain its dominance by 2032.
Aisa-Pacific is expected to maintain its dominance in the gear market by 2032 owing to the region's rapid industrialization, increasing vehicle production, and a growing automotive aftermarket. Additionally, factors such as the rising adoption of electric vehicles, stringent emission regulations, and technological advancements in automotive HVAC systems contribute to the strong demand for scroll e-compressors in Asia-Pacific. The region's expanding middle class, urbanization, and infrastructure development further drive the need for efficient climate control solutions, fueling the growth of the Automotive Scroll E-Compressor Market in Asia-Pacific.
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Key Market Players:
The report provides a detailed analysis of these key players in the global Automotive scroll e-compressor Market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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