Automotive E-Compressor Market is estimated to expand at a CAGR of 29.91% from 2021 to 2031

Transparency Market Research08 Sep, 2022Other

The global automotive e-compressor market is negatively affected by the rapid spread of the coronavirus across the globe. E-compressors are powered by a separate electric motor, which reduces the workload of engine and consequently, vehicle emissions. Halting of businesses, strict lockdowns, ban on travel & transportation, and disrupted supply chains have hampered the growth of the global automotive e-compressor market. By adopting strategic approach by market players, businesses are recovering from the losses, and market contributors are focusing on innovative solutions to stay afloat in the business. Increase in disposable income, rise in the number of on-road vehicles, and popularity of electric vehicles are some of the factors driving the global automotive e-compressor market during the forecast period.

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