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Automotive E-compressor Market Outlook (2023 to 2033)

The global automotive e-compressor market is anticipated to generate revenues of US$ 1,730.7 million in 2023. The market is anticipated to increase at a CAGR of 11.3% and reach US$ 5,048.5 million by 2033.

Due to the increasing need for electric vehicles and the expanding popularity of electrically powered air conditioning systems, demand for automotive e-compressors is at an all-time high. The industry is going to be significantly influenced by growing HVAC system demand and popularity. These trends are long-term effects on the global market, such as:

Rising Demand for HVAC Systems

  • The primary benefit of automotive e-compressors is that they give the cabin cleaner air, and their minimal oil carryover capacity makes installation simpler and easier. Costs of production increase as a result of the complexity of designing and producing vehicle electric HVAC compressors.
  • Compared to belt-driven HVAC compressors, the production volume of electric HVAC compressors is lower. As a result, automotive HVAC and vehicle manufacturers are forced to shoulder the additional production costs, boosting revenue for automotive e-compressor producers.

Popularity of Electric Vehicles

  • The increased support provided by the government to the automotive industry opens up new opportunities in the market.
  • The rising adoption of hybrid & electric vehicles, and the increase in research and development activities, positively impact the market volume.
  • The creation of such energy-efficient EVs is the result of technology developments offered by automotive e-compressor manufacturers.

Eco-friendly Option

  • The rise in pollution levels around the world has led to a considerable increase in demand for fuel-efficient and environmentally friendly solutions. As a result, both individuals and automakers are implementing environmentally friendly and fuel-efficient alternatives.
  • E-compressors are driven by a separate electric motor, which lessens the burden on the engine and, as a result, the amount of emissions produced by the vehicle. Cleaner air in the cabin is made possible by the e-minimal compressor's oil carryover capabilities, which also makes installation quick and easy and independent of the engine of a particular vehicle.
Attributes Details
Expected Market CAGR (2023 to 2033) 11.3%
Expected Market Size (2023) US$ 1,730.7 million
Expected Market Size (2033) US$ 5,048.5 million

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Automotive E-compressors Industry Historical Analysis and Future Outlook

Automotive E-compressor Demand Analysis (2018 to 2022)

From 2018 to 2022, the market developed at a sizable CAGR of 7.3%. In 2018, it was valued at US$ 1,224.72 million, and in 2022, that value had increased to US$ 1,623.5 million.

The adoption of e-compressors has been driven by strict regulations on vehicle efficiency and emissions. Many nations have launched programs to lower greenhouse gas emissions over the years.

Countries that adhere to standards similar to European standards include China and India. Moreover, India already complies with BS-IV standards and intends to introduce BS VI rules by the end of 2020. These regulations make a path to follow for industry leaders, which provides them with scope for future innovations.

Future Scope for Automotive E-compressor Demand (2023 to 2033)

Automotive e-compressor manufacturers have a key role to play in the market growth. To enable energy savings, automobile e-compressor businesses are creating small components. So, to prolong the life of lithium-ion batteries, car makers prefer such characteristics.

Also, industry participants are improving their production techniques so that air conditioning continues to operate even when an electric or hybrid car's engine is off or idling. Automotive electric compressors' autonomous functioning encourages the purchase of electric automobiles. Lastly, while retaining the same cooling capacity, the makers are creating ways that produce less noise.

These considerations make the global market grow at a rate of 2.91x between 2023 to 2033, and likely to reach a valuation of US$ 5,048.5 million.

What Restraints the Automotive E-compressor Market?

  • The primary factor limiting the growth of the automotive e-compressor market is the increase in the cost of research and development activities. Due to the high cost and risk of failure, e-compressors need maintenance at regular intervals.
  • More heavy-duty electrical wiring is needed for e-compressors. This raises the overall cost and complexity of these systems' repair and maintenance.
  • Compared to traditional I.C. engine-driven compressors, these automobile e-compressors are less powerful, which is predicted to constrain the market growth.
  • Regulatory obstacles favor traditional combustible engines over EVs, making it difficult for new entrants to make profits in the market.
  • Technological difficulties in creating e-compressors raise the overall expenses for the manufacturers. Demand for automotive e-compressors is likely to suffer if the production process does not pick up speed.
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Comparative View of the Market

Automotive E-compressor Market:

Attributes Automotive E-compressor Market
CAGR (2023 to 2033) 11.3%
Market Value (2033) US$ 5,048.5 million
Growth Factor Rise in hybrid and electric vehicles
Opportunity Favorable government regulations
Trends Growing focus on eco-friendly and sustainable options

Automotive AC Compressor Market:

Attributes Automotive AC Compressor Market
CAGR (2023 to 2033) 3.9%
Market Value (2033) US$ 14,230.35 million
Growth Factor The surge in car ownership
Opportunity Implementation of electric chargers
Trends Rising emphasis on climate change

Industrial Air Compressor Market:

Attributes Industrial Air Compressor Market
CAGR (2023 to 2033) 3.8%
Market Value (2033) US$ 48,370.80 million
Growth Factor Rapid industrialization
Opportunity Rising demand in the oil & gas sector
Trends Investment in greenfield projects

Regional Analysis

Country Market Share (2023)
United States 13.5%
Germany 7.6%
Japan 9.2%
Australia 0.2%

EVs Demand Favorably Impacts the United States Market

In 2023, the United Nations is likely to control the market. The market has both opportunities and challenges throughout the forecast period. This is in line with the ongoing transition to electric vehicles. The need for e-compressors, which are utilized in the air conditioning systems of these vehicles, is anticipated to increase as more people move to EVs.

Government initiatives to lower greenhouse gas emissions and encourage the usage of EVs potentially aid in the expansion of the United States automotive e-compressor sector.

Adoption of Automotive E-compressor in Germany Correlated to High Investment

The global sector has a lot of potential for the German market. Market share is predicted to be 7.6% in 2023, and by 2033, it is projected to have a CAGR of 26.3%. Market expansion is accelerated as Germany's HEV (Hybrid Electric Vehicles) industry grows swiftly. Public-private investment initiatives are becoming more widespread and creating new market opportunities.

Europe is expected to increase significantly during the forecast period. Germany has always been a key producer of automobiles and other vehicles. The industry is expanding quickly as a result of the existence of well-known automakers, increased desire for electric vehicles, and rising expenses.

The automotive e-compressor in the Germany market is predicted to expand due to the presence of key OEMs and tier-1 suppliers there. Modern research and development facilities are expected to increase the market's income streams.

How does the Asia Pacific Region grow in the Automotive E-compressor Market?

Country Market CAGR (2023 to 2033)
China Market CAGR (2023 to 2033) 12.2%
India Market CAGR (2023 to 2033) 11.5%
  • A sizable portion of the global automotive e-compressor business was accounted for by Asia Pacific. Asia Pacific is home to many industrialized nations with cutting-edge research and development centers for automobile e-compressors.
  • Asia Pacific's automotive e-compressor market is dominated by China. In the global automotive industry, China is a key hub. The market in the region is primarily driven by high levels of hybrid vehicle production and sales in Japan and electric vehicle sales in China. Also, Japan is likely to hold a share of 9.2% in 2023.
  • Increased industry rivalry, supportive government initiatives to promote electric vehicles, and technology developments all contribute to market growth.
  • The growing emphasis on lowering the energy output and weight of conventional IC engine-driven compressors is a key factor in the market growth. With the surging adoption of eco-friendly automobiles, China is contributing to the automotive e-compressor market size.
  • The rising demand for passenger automobiles is anticipated to have an impact on the automotive e-compressor sector in India. The need for new car production, hybrid powertrain systems in automobiles, and the upgrading & modification of current cars all increase along with the region's development.

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Category Analysis

Passenger Cars Drive the Sales of the Automotive E-compressor

In the global automotive e-compressor sector, passenger automobiles are anticipated to hold the leading share of 62% in 2023. Prominent elements driving this segment's expansion include:

  • Surging disposable income in developing nations
  • The growing amount of reservations for passenger cars
  • Rising bookings for both business and pleasure

In the market, the Light Commercial Vehicle (LCV) category is expected to expand significantly. The key factors driving this market's expansion are successful government initiatives that encourage the use of electric vehicles for sustainable development.

Which Product Type has high potential in the Automotive E-compressor?

Variable e-compressors are made to change the amount of refrigerant delivered in response to the vehicle's cooling requirements. Due to their ability to increase energy efficiency and lighten the load on a vehicle's battery, these compressors are becoming common in electric and hybrid vehicles.

As the manufacturing of electric and hybrid vehicles develops and consumer demand for these vehicles increases, the variable e-compressors are anticipated to expand. Also, the displacement e-compressors market is anticipated to expand further, especially as more people in emerging nations buy cars with air conditioning.

How are Automotive E-compressor Start-up's Emerging in the Market?

Startups are still more agile and little on the market, yet they have a big future:

Start-ups Developments
Cooltech Application This French company has created an innovative magnetic refrigeration technology that does not require compressors, making it more environmentally and energy-friendly.
Dearman This United Kingdom-based business has created an engine that runs on liquid nitrogen and can be used to power refrigeration systems instead of conventional compressors.
Akasol This German business focuses on creating high-performance battery systems, including e-compressor systems, for electric and hybrid automobiles.

Automotive E-compressor Industry Competitors Aim for Better Market Presence

Technology development and environmental concerns shape the market's competitive environment, where businesses strive for trustworthy and effective methods. As a result of the fierce competition in this sector, numerous technologies and developments have been made that are advantageous to both consumers and automakers.

The global automotive e-compressors sector is projected to experience increased competition as more local competitors start to emerge. To reduce carbon emissions in response to the rising pollution levels around the world, automobiles must be environmentally friendly and fuel-efficient.

Recent Development:

  • Toyota Industries and ANA collaborated to test an advanced autonomous tow tractor on March 22, 2021.
    • A newly created autonomous tow tractor with improved position monitoring capabilities that allow seamless operations between inside and outdoor areas is likely to be released by Toyota Industries.
    • Even under the crowded driving conditions present at Tokyo Haneda airport, this cutting-edge, very precise model can convey a substantial volume of freight.
  • The Hanon Methods opened a new production facility to produce components for green cars in Korea in November 2021.
    • The fifth Hanon Systems production unit, to be located in Korea, started construction in March 2021.

Key Players

  • Denso Corporation
  • Hanon Systems
  • Valeo
  • Mahle GmbH
  • Sanden Holdings Corporation
  • Mitsubishi Heavy Industries
  • Hitachi Automotive Systems
  • LG Electronics
  • Panasonic Corporation
  • Calsonic Kansei Corporation
  • Others

Key Segments

By Product Type:

  • Variable E-compressor
  • Displacement E-compressor

By Application:

  • Passenger cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • The Middle East & Africa (MEA)

Frequently Asked Questions

What is the Automotive E-compressor Market size?

The automotive e-compressor market size is valued at US$ 1,730.7 million in 2023.

What is the Estimated CAGR for the Automotive E-compressor Market?

The automotive e-compressor market is projected to thrive at an 11.3% CAGR through 2033.

How Big will be the Automotive E-compressor Market by 2033?

The automotive e-compressor market is anticipated to surpass US$ 5,048.5 million by 2033.

What is the Leading Application in the Automotive E-compressor Market?

The passenger cars segment leads, holding 62% of the market share in 2023.

What is the Growth Outlook for China’s Automotive E-compressor Market?

China’s automotive e-compressor market is projected to rise at 12.2% CAGR by 2033.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and Their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyers

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Type, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Type, 2023 to 2033

        5.3.1. Belt-driven e-compressor

        5.3.2. Electrically driven e-compressor

    5.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033

6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application, 2018 to 2022

    6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application, 2023 to 2033

        6.3.1. Passenger cars

        6.3.2. Light commercial vehicles (LCVs)

        6.3.3. Heavy commercial vehicles (HCVs)

    6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022

    6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033

7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Electric Vehicle

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Electric Vehicle, 2018 to 2022

    7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Electric Vehicle, 2023 to 2033

        7.3.1. Battery Electric Vehicle (BEV)

        7.3.2. Hybrid Electric Vehicle (HEV)

        7.3.3. Plug-in Hybrid Electric Vehicle (PHEV)

    7.4. Y-o-Y Growth Trend Analysis By Electric Vehicle, 2018 to 2022

    7.5. Absolute $ Opportunity Analysis By Electric Vehicle, 2023 to 2033

8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

    8.1. Introduction

    8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022

    8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033

        8.3.1. North America

        8.3.2. Latin America

        8.3.3. Europe

        8.3.4. Asia Pacific

        8.3.5. Middle East and Africa(MEA)

    8.4. Market Attractiveness Analysis By Region

9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        9.2.1. By Country

            9.2.1.1. USA

            9.2.1.2. Canada

        9.2.2. By Type

        9.2.3. By Application

        9.2.4. By Electric Vehicle

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Type

        9.3.3. By Application

        9.3.4. By Electric Vehicle

    9.4. Key Takeaways

10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        10.2.1. By Country

            10.2.1.1. Brazil

            10.2.1.2. Mexico

            10.2.1.3. Rest of Latin America

        10.2.2. By Type

        10.2.3. By Application

        10.2.4. By Electric Vehicle

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Type

        10.3.3. By Application

        10.3.4. By Electric Vehicle

    10.4. Key Takeaways

11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        11.2.1. By Country

            11.2.1.1. Germany

            11.2.1.2. United Kingdom

            11.2.1.3. France

            11.2.1.4. Spain

            11.2.1.5. Italy

            11.2.1.6. Rest of Europe

        11.2.2. By Type

        11.2.3. By Application

        11.2.4. By Electric Vehicle

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Type

        11.3.3. By Application

        11.3.4. By Electric Vehicle

    11.4. Key Takeaways

12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        12.2.1. By Country

            12.2.1.1. China

            12.2.1.2. Japan

            12.2.1.3. South Korea

            12.2.1.4. Singapore

            12.2.1.5. Thailand

            12.2.1.6. Indonesia

            12.2.1.7. Australia

            12.2.1.8. New Zealand

            12.2.1.9. Rest of Asia Pacific

        12.2.2. By Type

        12.2.3. By Application

        12.2.4. By Electric Vehicle

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Type

        12.3.3. By Application

        12.3.4. By Electric Vehicle

    12.4. Key Takeaways

13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        13.2.1. By Country

            13.2.1.1. GCC Countries

            13.2.1.2. South Africa

            13.2.1.3. Israel

            13.2.1.4. Rest of Middle East and Africa(MEA)

        13.2.2. By Type

        13.2.3. By Application

        13.2.4. By Electric Vehicle

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Type

        13.3.3. By Application

        13.3.4. By Electric Vehicle

    13.4. Key Takeaways

14. Key Countries Market Analysis

    14.1. USA

        14.1.1. Pricing Analysis

        14.1.2. Market Share Analysis, 2022

            14.1.2.1. By Type

            14.1.2.2. By Application

            14.1.2.3. By Electric Vehicle

    14.2. Canada

        14.2.1. Pricing Analysis

        14.2.2. Market Share Analysis, 2022

            14.2.2.1. By Type

            14.2.2.2. By Application

            14.2.2.3. By Electric Vehicle

    14.3. Brazil

        14.3.1. Pricing Analysis

        14.3.2. Market Share Analysis, 2022

            14.3.2.1. By Type

            14.3.2.2. By Application

            14.3.2.3. By Electric Vehicle

    14.4. Mexico

        14.4.1. Pricing Analysis

        14.4.2. Market Share Analysis, 2022

            14.4.2.1. By Type

            14.4.2.2. By Application

            14.4.2.3. By Electric Vehicle

    14.5. Germany

        14.5.1. Pricing Analysis

        14.5.2. Market Share Analysis, 2022

            14.5.2.1. By Type

            14.5.2.2. By Application

            14.5.2.3. By Electric Vehicle

    14.6. United Kingdom

        14.6.1. Pricing Analysis

        14.6.2. Market Share Analysis, 2022

            14.6.2.1. By Type

            14.6.2.2. By Application

            14.6.2.3. By Electric Vehicle

    14.7. France

        14.7.1. Pricing Analysis

        14.7.2. Market Share Analysis, 2022

            14.7.2.1. By Type

            14.7.2.2. By Application

            14.7.2.3. By Electric Vehicle

    14.8. Spain

        14.8.1. Pricing Analysis

        14.8.2. Market Share Analysis, 2022

            14.8.2.1. By Type

            14.8.2.2. By Application

            14.8.2.3. By Electric Vehicle

    14.9. Italy

        14.9.1. Pricing Analysis

        14.9.2. Market Share Analysis, 2022

            14.9.2.1. By Type

            14.9.2.2. By Application

            14.9.2.3. By Electric Vehicle

    14.10. China

        14.10.1. Pricing Analysis

        14.10.2. Market Share Analysis, 2022

            14.10.2.1. By Type

            14.10.2.2. By Application

            14.10.2.3. By Electric Vehicle

    14.11. Japan

        14.11.1. Pricing Analysis

        14.11.2. Market Share Analysis, 2022

            14.11.2.1. By Type

            14.11.2.2. By Application

            14.11.2.3. By Electric Vehicle

    14.12. South Korea

        14.12.1. Pricing Analysis

        14.12.2. Market Share Analysis, 2022

            14.12.2.1. By Type

            14.12.2.2. By Application

            14.12.2.3. By Electric Vehicle

    14.13. Singapore

        14.13.1. Pricing Analysis

        14.13.2. Market Share Analysis, 2022

            14.13.2.1. By Type

            14.13.2.2. By Application

            14.13.2.3. By Electric Vehicle

    14.14. Thailand

        14.14.1. Pricing Analysis

        14.14.2. Market Share Analysis, 2022

            14.14.2.1. By Type

            14.14.2.2. By Application

            14.14.2.3. By Electric Vehicle

    14.15. Indonesia

        14.15.1. Pricing Analysis

        14.15.2. Market Share Analysis, 2022

            14.15.2.1. By Type

            14.15.2.2. By Application

            14.15.2.3. By Electric Vehicle

    14.16. Australia

        14.16.1. Pricing Analysis

        14.16.2. Market Share Analysis, 2022

            14.16.2.1. By Type

            14.16.2.2. By Application

            14.16.2.3. By Electric Vehicle

    14.17. New Zealand

        14.17.1. Pricing Analysis

        14.17.2. Market Share Analysis, 2022

            14.17.2.1. By Type

            14.17.2.2. By Application

            14.17.2.3. By Electric Vehicle

    14.18. GCC Countries

        14.18.1. Pricing Analysis

        14.18.2. Market Share Analysis, 2022

            14.18.2.1. By Type

            14.18.2.2. By Application

            14.18.2.3. By Electric Vehicle

    14.19. South Africa

        14.19.1. Pricing Analysis

        14.19.2. Market Share Analysis, 2022

            14.19.2.1. By Type

            14.19.2.2. By Application

            14.19.2.3. By Electric Vehicle

    14.20. Israel

        14.20.1. Pricing Analysis

        14.20.2. Market Share Analysis, 2022

            14.20.2.1. By Type

            14.20.2.2. By Application

            14.20.2.3. By Electric Vehicle

15. Market Structure Analysis

    15.1. Competition Dashboard

    15.2. Competition Benchmarking

    15.3. Market Share Analysis of Top Players

        15.3.1. By Regional

        15.3.2. By Type

        15.3.3. By Application

        15.3.4. By Electric Vehicle

16. Competition Analysis

    16.1. Competition Deep Dive

        16.1.1. DENSO Corporation

            16.1.1.1. Overview

            16.1.1.2. Product Portfolio

            16.1.1.3. Profitability by Market Segments

            16.1.1.4. Sales Footprint

            16.1.1.5. Strategy Overview

                16.1.1.5.1. Marketing Strategy

                16.1.1.5.2. Product Strategy

                16.1.1.5.3. Channel Strategy

        16.1.2. Valeo S.A.

            16.1.2.1. Overview

            16.1.2.2. Product Portfolio

            16.1.2.3. Profitability by Market Segments

            16.1.2.4. Sales Footprint

            16.1.2.5. Strategy Overview

                16.1.2.5.1. Marketing Strategy

                16.1.2.5.2. Product Strategy

                16.1.2.5.3. Channel Strategy

        16.1.3. MAHLE GmbH

            16.1.3.1. Overview

            16.1.3.2. Product Portfolio

            16.1.3.3. Profitability by Market Segments

            16.1.3.4. Sales Footprint

            16.1.3.5. Strategy Overview

                16.1.3.5.1. Marketing Strategy

                16.1.3.5.2. Product Strategy

                16.1.3.5.3. Channel Strategy

        16.1.4. Hanon Systems

            16.1.4.1. Overview

            16.1.4.2. Product Portfolio

            16.1.4.3. Profitability by Market Segments

            16.1.4.4. Sales Footprint

            16.1.4.5. Strategy Overview

                16.1.4.5.1. Marketing Strategy

                16.1.4.5.2. Product Strategy

                16.1.4.5.3. Channel Strategy

        16.1.5. Sanden Holdings Corporation

            16.1.5.1. Overview

            16.1.5.2. Product Portfolio

            16.1.5.3. Profitability by Market Segments

            16.1.5.4. Sales Footprint

            16.1.5.5. Strategy Overview

                16.1.5.5.1. Marketing Strategy

                16.1.5.5.2. Product Strategy

                16.1.5.5.3. Channel Strategy

        16.1.6. Mitsubishi Electric Corporation

            16.1.6.1. Overview

            16.1.6.2. Product Portfolio

            16.1.6.3. Profitability by Market Segments

            16.1.6.4. Sales Footprint

            16.1.6.5. Strategy Overview

                16.1.6.5.1. Marketing Strategy

                16.1.6.5.2. Product Strategy

                16.1.6.5.3. Channel Strategy

        16.1.7. Robert Bosch GmbH

            16.1.7.1. Overview

            16.1.7.2. Product Portfolio

            16.1.7.3. Profitability by Market Segments

            16.1.7.4. Sales Footprint

            16.1.7.5. Strategy Overview

                16.1.7.5.1. Marketing Strategy

                16.1.7.5.2. Product Strategy

                16.1.7.5.3. Channel Strategy

        16.1.8. Calsonic Kansei Corporation

            16.1.8.1. Overview

            16.1.8.2. Product Portfolio

            16.1.8.3. Profitability by Market Segments

            16.1.8.4. Sales Footprint

            16.1.8.5. Strategy Overview

                16.1.8.5.1. Marketing Strategy

                16.1.8.5.2. Product Strategy

                16.1.8.5.3. Channel Strategy

        16.1.9. Guchen Industry Co., Ltd.

            16.1.9.1. Overview

            16.1.9.2. Product Portfolio

            16.1.9.3. Profitability by Market Segments

            16.1.9.4. Sales Footprint

            16.1.9.5. Strategy Overview

                16.1.9.5.1. Marketing Strategy

                16.1.9.5.2. Product Strategy

                16.1.9.5.3. Channel Strategy

        16.1.10. Hitachi Automotive Systems, Ltd.

            16.1.10.1. Overview

            16.1.10.2. Product Portfolio

            16.1.10.3. Profitability by Market Segments

            16.1.10.4. Sales Footprint

            16.1.10.5. Strategy Overview

                16.1.10.5.1. Marketing Strategy

                16.1.10.5.2. Product Strategy

                16.1.10.5.3. Channel Strategy

17. Assumptions & Acronyms Used

18. Research Methodology

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List of Tables

Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033

Table 2: Global Market Volume (Units) Forecast by Region, 2018 to 2033

Table 3: Global Market Value (US$ Million) Forecast by Type, 2018 to 2033

Table 4: Global Market Volume (Units) Forecast by Type, 2018 to 2033

Table 5: Global Market Value (US$ Million) Forecast by Application, 2018 to 2033

Table 6: Global Market Volume (Units) Forecast by Application, 2018 to 2033

Table 7: Global Market Value (US$ Million) Forecast by Electric Vehicle, 2018 to 2033

Table 8: Global Market Volume (Units) Forecast by Electric Vehicle, 2018 to 2033

Table 9: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 10: North America Market Volume (Units) Forecast by Country, 2018 to 2033

Table 11: North America Market Value (US$ Million) Forecast by Type, 2018 to 2033

Table 12: North America Market Volume (Units) Forecast by Type, 2018 to 2033

Table 13: North America Market Value (US$ Million) Forecast by Application, 2018 to 2033

Table 14: North America Market Volume (Units) Forecast by Application, 2018 to 2033

Table 15: North America Market Value (US$ Million) Forecast by Electric Vehicle, 2018 to 2033

Table 16: North America Market Volume (Units) Forecast by Electric Vehicle, 2018 to 2033

Table 17: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 18: Latin America Market Volume (Units) Forecast by Country, 2018 to 2033

Table 19: Latin America Market Value (US$ Million) Forecast by Type, 2018 to 2033

Table 20: Latin America Market Volume (Units) Forecast by Type, 2018 to 2033

Table 21: Latin America Market Value (US$ Million) Forecast by Application, 2018 to 2033

Table 22: Latin America Market Volume (Units) Forecast by Application, 2018 to 2033

Table 23: Latin America Market Value (US$ Million) Forecast by Electric Vehicle, 2018 to 2033

Table 24: Latin America Market Volume (Units) Forecast by Electric Vehicle, 2018 to 2033

Table 25: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 26: Europe Market Volume (Units) Forecast by Country, 2018 to 2033

Table 27: Europe Market Value (US$ Million) Forecast by Type, 2018 to 2033

Table 28: Europe Market Volume (Units) Forecast by Type, 2018 to 2033

Table 29: Europe Market Value (US$ Million) Forecast by Application, 2018 to 2033

Table 30: Europe Market Volume (Units) Forecast by Application, 2018 to 2033

Table 31: Europe Market Value (US$ Million) Forecast by Electric Vehicle, 2018 to 2033

Table 32: Europe Market Volume (Units) Forecast by Electric Vehicle, 2018 to 2033

Table 33: Asia Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 34: Asia Pacific Market Volume (Units) Forecast by Country, 2018 to 2033

Table 35: Asia Pacific Market Value (US$ Million) Forecast by Type, 2018 to 2033

Table 36: Asia Pacific Market Volume (Units) Forecast by Type, 2018 to 2033

Table 37: Asia Pacific Market Value (US$ Million) Forecast by Application, 2018 to 2033

Table 38: Asia Pacific Market Volume (Units) Forecast by Application, 2018 to 2033

Table 39: Asia Pacific Market Value (US$ Million) Forecast by Electric Vehicle, 2018 to 2033

Table 40: Asia Pacific Market Volume (Units) Forecast by Electric Vehicle, 2018 to 2033

Table 41: MEA Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 42: MEA Market Volume (Units) Forecast by Country, 2018 to 2033

Table 43: MEA Market Value (US$ Million) Forecast by Type, 2018 to 2033

Table 44: MEA Market Volume (Units) Forecast by Type, 2018 to 2033

Table 45: MEA Market Value (US$ Million) Forecast by Application, 2018 to 2033

Table 46: MEA Market Volume (Units) Forecast by Application, 2018 to 2033

Table 47: MEA Market Value (US$ Million) Forecast by Electric Vehicle, 2018 to 2033

Table 48: MEA Market Volume (Units) Forecast by Electric Vehicle, 2018 to 2033
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Principal Consultant

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List of Charts

Figure 1: Global Market Value (US$ Million) by Type, 2023 to 2033

Figure 2: Global Market Value (US$ Million) by Application, 2023 to 2033

Figure 3: Global Market Value (US$ Million) by Electric Vehicle, 2023 to 2033

Figure 4: Global Market Value (US$ Million) by Region, 2023 to 2033

Figure 5: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033

Figure 6: Global Market Volume (Units) Analysis by Region, 2018 to 2033

Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033

Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033

Figure 9: Global Market Value (US$ Million) Analysis by Type, 2018 to 2033

Figure 10: Global Market Volume (Units) Analysis by Type, 2018 to 2033

Figure 11: Global Market Value Share (%) and BPS Analysis by Type, 2023 to 2033

Figure 12: Global Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033

Figure 13: Global Market Value (US$ Million) Analysis by Application, 2018 to 2033

Figure 14: Global Market Volume (Units) Analysis by Application, 2018 to 2033

Figure 15: Global Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 16: Global Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 17: Global Market Value (US$ Million) Analysis by Electric Vehicle, 2018 to 2033

Figure 18: Global Market Volume (Units) Analysis by Electric Vehicle, 2018 to 2033

Figure 19: Global Market Value Share (%) and BPS Analysis by Electric Vehicle, 2023 to 2033

Figure 20: Global Market Y-o-Y Growth (%) Projections by Electric Vehicle, 2023 to 2033

Figure 21: Global Market Attractiveness by Type, 2023 to 2033

Figure 22: Global Market Attractiveness by Application, 2023 to 2033

Figure 23: Global Market Attractiveness by Electric Vehicle, 2023 to 2033

Figure 24: Global Market Attractiveness by Region, 2023 to 2033

Figure 25: North America Market Value (US$ Million) by Type, 2023 to 2033

Figure 26: North America Market Value (US$ Million) by Application, 2023 to 2033

Figure 27: North America Market Value (US$ Million) by Electric Vehicle, 2023 to 2033

Figure 28: North America Market Value (US$ Million) by Country, 2023 to 2033

Figure 29: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 30: North America Market Volume (Units) Analysis by Country, 2018 to 2033

Figure 31: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 32: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 33: North America Market Value (US$ Million) Analysis by Type, 2018 to 2033

Figure 34: North America Market Volume (Units) Analysis by Type, 2018 to 2033

Figure 35: North America Market Value Share (%) and BPS Analysis by Type, 2023 to 2033

Figure 36: North America Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033

Figure 37: North America Market Value (US$ Million) Analysis by Application, 2018 to 2033

Figure 38: North America Market Volume (Units) Analysis by Application, 2018 to 2033

Figure 39: North America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 40: North America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 41: North America Market Value (US$ Million) Analysis by Electric Vehicle, 2018 to 2033

Figure 42: North America Market Volume (Units) Analysis by Electric Vehicle, 2018 to 2033

Figure 43: North America Market Value Share (%) and BPS Analysis by Electric Vehicle, 2023 to 2033

Figure 44: North America Market Y-o-Y Growth (%) Projections by Electric Vehicle, 2023 to 2033

Figure 45: North America Market Attractiveness by Type, 2023 to 2033

Figure 46: North America Market Attractiveness by Application, 2023 to 2033

Figure 47: North America Market Attractiveness by Electric Vehicle, 2023 to 2033

Figure 48: North America Market Attractiveness by Country, 2023 to 2033

Figure 49: Latin America Market Value (US$ Million) by Type, 2023 to 2033

Figure 50: Latin America Market Value (US$ Million) by Application, 2023 to 2033

Figure 51: Latin America Market Value (US$ Million) by Electric Vehicle, 2023 to 2033

Figure 52: Latin America Market Value (US$ Million) by Country, 2023 to 2033

Figure 53: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 54: Latin America Market Volume (Units) Analysis by Country, 2018 to 2033

Figure 55: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 57: Latin America Market Value (US$ Million) Analysis by Type, 2018 to 2033

Figure 58: Latin America Market Volume (Units) Analysis by Type, 2018 to 2033

Figure 59: Latin America Market Value Share (%) and BPS Analysis by Type, 2023 to 2033

Figure 60: Latin America Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033

Figure 61: Latin America Market Value (US$ Million) Analysis by Application, 2018 to 2033

Figure 62: Latin America Market Volume (Units) Analysis by Application, 2018 to 2033

Figure 63: Latin America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 65: Latin America Market Value (US$ Million) Analysis by Electric Vehicle, 2018 to 2033

Figure 66: Latin America Market Volume (Units) Analysis by Electric Vehicle, 2018 to 2033

Figure 67: Latin America Market Value Share (%) and BPS Analysis by Electric Vehicle, 2023 to 2033

Figure 68: Latin America Market Y-o-Y Growth (%) Projections by Electric Vehicle, 2023 to 2033

Figure 69: Latin America Market Attractiveness by Type, 2023 to 2033

Figure 70: Latin America Market Attractiveness by Application, 2023 to 2033

Figure 71: Latin America Market Attractiveness by Electric Vehicle, 2023 to 2033

Figure 72: Latin America Market Attractiveness by Country, 2023 to 2033

Figure 73: Europe Market Value (US$ Million) by Type, 2023 to 2033

Figure 74: Europe Market Value (US$ Million) by Application, 2023 to 2033

Figure 75: Europe Market Value (US$ Million) by Electric Vehicle, 2023 to 2033

Figure 76: Europe Market Value (US$ Million) by Country, 2023 to 2033

Figure 77: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 78: Europe Market Volume (Units) Analysis by Country, 2018 to 2033

Figure 79: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 80: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 81: Europe Market Value (US$ Million) Analysis by Type, 2018 to 2033

Figure 82: Europe Market Volume (Units) Analysis by Type, 2018 to 2033

Figure 83: Europe Market Value Share (%) and BPS Analysis by Type, 2023 to 2033

Figure 84: Europe Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033

Figure 85: Europe Market Value (US$ Million) Analysis by Application, 2018 to 2033

Figure 86: Europe Market Volume (Units) Analysis by Application, 2018 to 2033

Figure 87: Europe Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 88: Europe Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 89: Europe Market Value (US$ Million) Analysis by Electric Vehicle, 2018 to 2033

Figure 90: Europe Market Volume (Units) Analysis by Electric Vehicle, 2018 to 2033

Figure 91: Europe Market Value Share (%) and BPS Analysis by Electric Vehicle, 2023 to 2033

Figure 92: Europe Market Y-o-Y Growth (%) Projections by Electric Vehicle, 2023 to 2033

Figure 93: Europe Market Attractiveness by Type, 2023 to 2033

Figure 94: Europe Market Attractiveness by Application, 2023 to 2033

Figure 95: Europe Market Attractiveness by Electric Vehicle, 2023 to 2033

Figure 96: Europe Market Attractiveness by Country, 2023 to 2033

Figure 97: Asia Pacific Market Value (US$ Million) by Type, 2023 to 2033

Figure 98: Asia Pacific Market Value (US$ Million) by Application, 2023 to 2033

Figure 99: Asia Pacific Market Value (US$ Million) by Electric Vehicle, 2023 to 2033

Figure 100: Asia Pacific Market Value (US$ Million) by Country, 2023 to 2033

Figure 101: Asia Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 102: Asia Pacific Market Volume (Units) Analysis by Country, 2018 to 2033

Figure 103: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 104: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 105: Asia Pacific Market Value (US$ Million) Analysis by Type, 2018 to 2033

Figure 106: Asia Pacific Market Volume (Units) Analysis by Type, 2018 to 2033

Figure 107: Asia Pacific Market Value Share (%) and BPS Analysis by Type, 2023 to 2033

Figure 108: Asia Pacific Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033

Figure 109: Asia Pacific Market Value (US$ Million) Analysis by Application, 2018 to 2033

Figure 110: Asia Pacific Market Volume (Units) Analysis by Application, 2018 to 2033

Figure 111: Asia Pacific Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 112: Asia Pacific Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 113: Asia Pacific Market Value (US$ Million) Analysis by Electric Vehicle, 2018 to 2033

Figure 114: Asia Pacific Market Volume (Units) Analysis by Electric Vehicle, 2018 to 2033

Figure 115: Asia Pacific Market Value Share (%) and BPS Analysis by Electric Vehicle, 2023 to 2033

Figure 116: Asia Pacific Market Y-o-Y Growth (%) Projections by Electric Vehicle, 2023 to 2033

Figure 117: Asia Pacific Market Attractiveness by Type, 2023 to 2033

Figure 118: Asia Pacific Market Attractiveness by Application, 2023 to 2033

Figure 119: Asia Pacific Market Attractiveness by Electric Vehicle, 2023 to 2033

Figure 120: Asia Pacific Market Attractiveness by Country, 2023 to 2033

Figure 121: MEA Market Value (US$ Million) by Type, 2023 to 2033

Figure 122: MEA Market Value (US$ Million) by Application, 2023 to 2033

Figure 123: MEA Market Value (US$ Million) by Electric Vehicle, 2023 to 2033

Figure 124: MEA Market Value (US$ Million) by Country, 2023 to 2033

Figure 125: MEA Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 126: MEA Market Volume (Units) Analysis by Country, 2018 to 2033

Figure 127: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 128: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 129: MEA Market Value (US$ Million) Analysis by Type, 2018 to 2033

Figure 130: MEA Market Volume (Units) Analysis by Type, 2018 to 2033

Figure 131: MEA Market Value Share (%) and BPS Analysis by Type, 2023 to 2033

Figure 132: MEA Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033

Figure 133: MEA Market Value (US$ Million) Analysis by Application, 2018 to 2033

Figure 134: MEA Market Volume (Units) Analysis by Application, 2018 to 2033

Figure 135: MEA Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 136: MEA Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 137: MEA Market Value (US$ Million) Analysis by Electric Vehicle, 2018 to 2033

Figure 138: MEA Market Volume (Units) Analysis by Electric Vehicle, 2018 to 2033

Figure 139: MEA Market Value Share (%) and BPS Analysis by Electric Vehicle, 2023 to 2033

Figure 140: MEA Market Y-o-Y Growth (%) Projections by Electric Vehicle, 2023 to 2033

Figure 141: MEA Market Attractiveness by Type, 2023 to 2033

Figure 142: MEA Market Attractiveness by Application, 2023 to 2033

Figure 143: MEA Market Attractiveness by Electric Vehicle, 2023 to 2033

Figure 144: MEA Market Attractiveness by Country, 2023 to 2033

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