Automotive E Compressor Market | [2029] Exploring Potential, Growth, Future & Trends
According to TechSci Research report, “ Automotive E Compressor Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, the Global Automotive E Compressor Market stood at USD 1.93 Billion in 2023 and is anticipated to grow with a CAGR of 6.95% in the forecast period, 2025-2029. The global automotive e-compressor market is undergoing a transformative phase, driven by the rapid evolution of the automotive industry towards electrification and sustainable mobility. E-compressors, or electric compressors, have emerged as critical components in the thermal management systems of electric and hybrid vehicles, playing a pivotal role in maintaining optimal cabin temperatures, ensuring passenger comfort, and contributing to overall energy efficiency. The increasing adoption of electric vehicles (EVs) is a primary factor fueling the growth of the automotive e-compressor market. As governments worldwide prioritize the reduc...