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New York, US, Oct. 24, 2022 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR),” Automotive E Compressor Market Research Report: By Product, By Drivetrain By Vehicle Type and Region – Forecast till 2027”, The global market will reach USD 24.2 billion at a whopping 30% CAGR by 2027.
Automotive E Compressor Market Analysis
Because of the global increase in pollution, there has been a considerable growth in demand for fuel-efficient and environmentally friendly solutions. As a result, consumers and automotive manufacturers are implementing fuel-efficient and environmentally friendly alternatives. This will boost the market over the forecast period.
Favorable Government Policies to Promote EVs to offer Robust Opportunities
Favorable government policies to promote EVs will offer robust opportunities for the market over the forecast period.
Eminent industry players profiled in the automotive e compressor market report include,
- Denso Corporation
- Hanon Systems
- MAHLE GmbH
- Mitsubishi Heavy Industries Ltd.
- Robert Bosch GmbH
- Sanden Corporation
- SCHOTT AG
- Toyota Industries Corporation
- Valeo S.A.
- and WABCO.
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Automotive E Compressor Market Restraints and Challenges
Lack of Professionals in Automobile Firms to act as Market Restraint
The lack of professionals in the auto firms, the need for heavy maintenance of such systems, rising complexity in repair, high overall system cost, and less knowledge amid consumers regarding the charging operations & servicing of EVs and hybrid cars may act as market restraints over the forecast period.
Automotive E Compressor Market COVID-19 Analysis
The increasing spread of the coronavirus has a severe impact on the global automobile e-compressor market. E-compressors are powered via a separate electric motor, which in fact reduces…
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