Scroll-E Compressor Market: Current Analysis and Forecast (2023-2030)

Report Description

The scroll-e compressors market is valued at USD 1.5 Billion in 2022 & is expected to grow at a CAGR of 8% from 2023-2030. A scroll-e compressor uses two interleaving scrolls, or spirals, to compress refrigerant or gas. One scroll remains stationary while the other orbits around it, creating pockets of varying volumes that compress and move the gas toward the center of the scrolls. Furthermore, Scroll compressors are known for their high energy efficiency due to minimal internal leakage and continuous compression. This leads to reduced energy consumption and operational costs. Moreover, Scroll compressors are compact and lightweight compared to other compressor types. This makes them well-suited for automotive applications where space is limited. The compact size also helps to reduce the weight of the vehicle, improving fuel economy. Additionally, Scroll compressors can achieve high cooling capacity and provide rapid cooling for the vehicle’s cabin. This is especially beneficial during hot weather conditions or when the vehicle has been parked in the sun for an extended period. Moreover, continuous advancements and improvements in scroll compressor technology have contributed to the growth of automotive scroll e compressors. Manufacturers are developing more advanced and efficient scroll designs, incorporating features such as variable displacement and variable speed technology to optimize compressor performance. For instance, on August 2021, Emerson announces the launch of its new Copeland 110cc variable speed scroll compressor and 36kW inverter drive solution; both manufactured in China and available for global distribution. These new products are engineered to help save energy and provide environmentally friendly improvements for a broad range of commercial air-conditioning applications including chillers, data centers, and package air conditioners.

Some of the major players operating in the market include DENSO CORPORATION; Hanon Systems; MAHLE GmbH, Stuttgart; MITSUBISHI HEAVY INDUSTRIES, LTD.; Robert Bosch GmbH; SANDEN CORPORATION; Valeo; BorgWarner Inc.; Continental AG; and ZF Friedrichshafen AG

Insights Presented in the Report

“Amongst type, the 25-40 CC scroll-e compressors are anticipated to witness a significant CAGR growth during the forecast period.”

Based on type, the market is segmented into below 25 cc, 25-40 cc, and above 40 cc. The scroll- e compressor within the range of 25-40 cc segment holds a significant share of the market. The primary reason responsible for this leadership position is, scroll e compressors within the 25-40cc displacement range find widespread use in mid-sized vehicles, including sedans, SUVs, and certain commercial vehicles. This size range provides a balance between cooling capacity, efficiency, and compactness, making it suitable for a range of automotive applications.

 “Amongst vehicle type, the SUV segment is anticipated to grow at a strong CAGR during the forecasted period.”

Based on vehicle type, the market is segmented into hatchback, sedan, SUV, LCV, and HCV. The SUV segment is showing significant growth in the CAGR terms amongst all the other segments. The notable reasons that are responsible for the exponential growth of this segment are changing consumer preferences, where consumers seek vehicles that offer a combination of practicality, comfort, safety, and style. Furthermore, automotive manufacturers expanding their product portfolio in this segment have made a wide range of SUV options available for consumers including compact SUVs, mid-size SUVs, full-size SUVs, and luxury SUVs, thus increasing the affordability and availability for all kinds of buyers. Moreover, automakers are investing heavily in marketing and advertising is also pushing up the demand for the SUVs in the market, where the promotional campaigns highlighting their features, capabilities, and appeal is creating awareness and desire among consumers. For instance, on December 2022, as per Jato Dynamics an automotive sector publisher, in the calendar year of 2022, the first time that SUVs sold more volumes than hatchbacks where 1.47 million units of SUVs have been sold in 2022 and SUV market share in India has gone up from 38.2 percent to 41.7 percent in 2022.

“Asia Pacific dominated the scroll-e compressors market in 2022.”

The Asia Pacific region holds the majority of the market share and is also poised to witness significant growth in the CAGR terms during the forecasted period. The Asia Pacific region has witnessed rapid growth in the automotive industry, with countries like China, India, Japan, and South Korea being major automotive manufacturing hubs. As vehicle production increases in the region, the demand for automotive scroll e compressors rises to meet the air conditioning needs of these vehicles. Furthermore, rising incomes, urbanization, and a growing middle class in many Asia Pacific countries have led to increased vehicle ownership. As more people purchase cars, the demand for automotive scroll e compressors for air conditioning systems also expands. For instance, on January 2023, as per CARS24, Indians’ average car buying budget increased an impressive 30 percent in 2022 from USD 5483 to USD 7310. Moreover, many countries in the Asia Pacific region experience hot and humid climates. As a result, reliable and efficient air conditioning systems are crucial for vehicle occupants’ comfort. Automotive scroll e compressors, with their high energy efficiency and rapid cooling capabilities, are well-suited to handle the demanding cooling requirements in such climates. Additionally, the Asia Pacific region has been witnessing significant growth in the electric and hybrid vehicle market. Automotive scroll e compressors are utilized in these eco-friendly vehicles for their efficiency and ability to optimize cooling system performance. The increasing adoption of electric and hybrid vehicles is also contributing to the growing demand for scroll e compressors.

Scroll-E Compressor Market Report Coverage

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global scroll-e compressors market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Scroll-E Compressor Market Analysis (2023-2030)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global scroll-e compressors market were the three major steps undertaken to create and analyze the adoption of scroll-e compressors in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global scroll-e compressors market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the scroll-e compressors market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the scroll-e compressors market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report by type, material, vehicle type, and by sales channel. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the scroll-e compressors market. Further, we conducted factor analysis using dependent and independent variables such as offering, deployment, and by component of the scroll-e compressors market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the scroll-e compressors market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global scroll-e compressors market, and market shares of the segments. All the required percentage shares split and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the scroll-e compressors market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global scroll-e compressors market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global scroll-e compressors market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of type, by material, by vehicle type, and by sales channel in the global scroll-e compressors market.

The main objective of the Global scroll-e compressors Market Study

The current & future market trends of the global scroll-e compressors market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the scroll-e compressors market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of the type, by material, by vehicle type, and by sales channel.
• Define and analysis of the regulatory framework for the scroll-e compressors industry
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
• Analyze the current and forecast market size of the scroll-e compressors market for the major region
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
• Company profiles of the scroll-e compressors market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

You can also purchase parts of this report. Do you want to check out a section wise
price list?

Get in touch with team