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Automotive E-Compressor Market Share

Report ID: GMI12673
Published Date: Dec 2024
Report Format: PDF

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Automotive E-Compressor Market Share

Automotive E-Compressor Company Market Share, 2024

Denso and Valeo collectively held a substantial market share of over 15% in the automotive e-compressor industry in 2024. Denso and Valeo hold a significant share of the automotive e-compressor market due to their strong presence in the global automotive supply chain and focus on electric and hybrid vehicle technologies.

Both companies are recognized for developing energy-efficient components, such as e-compressors, which are essential for managing the thermal systems of electric vehicles. Their long-term partnerships with major automakers and ability to innovate and meet market needs position them as leaders in providing advanced e-compressors for the expanding electric vehicle market.

Mahle and Hanon Systems are actively working to strengthen their position in the automotive e-compressor market. Both companies are making significant investments in research and development to improve the performance and efficiency of their e-compressor technologies. They are focusing on creating energy-efficient, compact, and high-performance compressors designed for electric and hybrid vehicles. Mahle is enhancing its collaborations with major automakers, while Hanon Systems is expanding its global presence through strategic acquisitions and increased production capacity. These initiatives are helping both companies remain leaders in the growing demand for sustainable and efficient automotive technologies.

Automotive E-Compressor Market Companies

Major players operating in the automotive e-compressor industry are:

Bosch
Boyard Compressor
Denso
Elgi Equipment
Gardner Denver
Garrett
Guchen Industry
Hanon Systems
Highly Marelli
Infineon

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of automotive e-compressor reached USD 3.6 billion in 2024 and is set to grow at an 11.1% CAGR from 2025 to 2034, driven by the increasing focus on thermal management systems in EVs and hybrids.

The passenger car segment accounted for approximately 46.5% of the market share in 2024, as EVs and HEVs increasingly adopt e-compressors for efficient climate control and thermal management.

The Asia Pacific market accounted for 33.5% of the revenue share in 2024, led by the rapid expansion of the EV industry and government incentives in countries like China.

Key players in the market include Bosch, Boyard Compressor, Denso, Elgi Equipment, Gardner Denver, Garrett, Guchen Industry, Hanon Systems, Highly Marelli, and Infineon.