Automotive HVAC Compressor Market to grow at a CAGR of over 7% till 2025

The global automotive heating, ventilation, and air conditioning (HVAC) compressor market is poised to grow by 33.23 million units during 2021-2025, with Revenue 33.23 mn units.

An automotive HVAC compressor is generally powered by a drive belt which increases the engine load resulting in increased fuel consumption and exhaust gas emissions. To overcome this drawback, automotive HVAC compressor manufacturers developed compressors that are powered independently by a motor without the need for an automotive engine to be switched on. The built-in motor in the automotive HVAC electric compressor powers it without the need for an engine to be switched on. Therefore, automotive HVAC electric compressors use electric heaters or heat pumps, which are powered by vehicle batteries to generate heat. Moreover, HVAC electric compressors are produced in lower volumes than belt-driven HVAC compressors. Therefore, the increased production cost is pushed to automotive HVAC manufacturers and vehicle manufacturers, resulting in increased revenue for automotive HVAC compressor manufacturers. Therefore, the increasing adoption of automotive HVAC electric compressors is expected to drive the global automotive HVAC compressor market in terms of revenue during the forecast period.

The Automotive HVAC Compressor Market is segmented by Geography (APAC, Europe, North America, South America, and MEA). 55% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for automotive heating, ventilation, and air conditioning (HVAC) compressor market in APAC. Market growth in this region will be faster than the growth of the European and Middle East African markets. The increasing penetration rate of HVAC systems in the commercial vehicles segment will facilitate the automotive heating, ventilation, and air conditioning (HVAC) compressor market growth in APAC over the forecast period.