Automotive E-Compressor Market: To Witness Comprehensive Growth By 2016 - 2024
Global Automotive E-Compressor Market: Introduction According to the report, the global automotive e-compressor market is projected to cross 122.5 million units by 2030, expanding at a CAGR of ~ 33 %, in terms of volume, during the forecast period. The market for next-generation vehicles, such as electric vehicles (EV) and hybrid electric vehicles (HEV/PHEV) is expanding due to introduction of various models by automobile manufacturers based in Japan, Europe, North America, and China, and venture companies entering the market to capture the growing electric vehicles segment. This, in turn, is boosting the global e-compressor market. Automotive manufacturers globally have been focusing on the adoption of electric compressors for AC systems, since e-compressors possess greater cooling functionality and are more energy-efficient compared to their conventional counterparts. Expansion of Automotive E-Compressor Market Passenger cars are the major vehicle type d...