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MarketResearch.biz delivers in-depth insights on the global automotive energy recovery systems market in its upcoming report titled, “Global Automotive Energy Recovery Systems Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026”. The global automotive energy recovery systems market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global automotive energy recovery systems market report has been segmented on the basis of product type, vehicle type, and region.
Energy recovery systems is which turns mechanical energy under braking into electrical energy that can be stored into devoted batteries. The energy stored under braking systems is made available to pilot, and can be reused in specific situations such as straight stretches, while overtaking other cars or at strategic points of the track providing a power boost during each lap through a pushbutton or throttle. The device is connected directly to drive shaft through a motor-generator that, under braking, driven by the same shaft, converts kinetic energy into electrical energy.
Technological advancements in vehicle monitoring systems and growing trends towards electronic cars demand for built-in energy recovery systems in premium cars in developed countries are major factor driving growth of the global automotive energy recovery systems market. In addition, rising automotive production across the globe and growing air pollution through vehicles in order to mitigate the environmental effect, adoption of energy recovery systems by commercial and passenger vehicles is expected to support growth of the global automotive energy recovery systems market in near future.
However, high product cost is a major factor restraining growth of the global automotive energy recovery systems market. In addition, availability of low cost false systems is another factor expected to challenge growth of the global automotive energy recovery systems market to certain extent.
Technological advancements and increasing R&D activities by manufacturers and development of cost effective energy recovery systems is expected to present new opportunities in terms of revenue to the players operating in the global automotive energy recovery systems market over the forecast period.
Asia Pacific market is expected to dominate in the global automotive energy recovery systems market with higher revenue share as compared to that of the other regional markets, and is expected to continue its dominance during the forecast period. This can be attributed to increasing government regulations related to air pollution from vehicles, growing vehicle production, and presence of prominent players operating in countries in this region. North America and Europe markets account for significant revenue share in the global automotive energy recovery systems market, followed by markets in Latin America and Middle East & Africa respectively. The market in Europe is projected to register fastest growth in terms of revenue, owing to increasing adoption for product in commercial vehicles in emerging economies in this region.
Global Automotive Energy Recovery Systems Market Segmentation:
By Product Type:
- Regenerative Braking System
- Exhaust Gas Recirculation (EGR)
By Vehicle Type:
- Passenger Cars
- Commercial Vehicles
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Robert Bosch GMBH
- Continental AG
- Autoliv Inc.
- Hyundai Mobis Co. Ltd.
- Honeywell International Inc.
- Mitsubishi Heavy Industries, Ltd.
- Cummins Inc.
- Tenneco Inc.
- Faurecia Automotive GmbH
- BorgWarner Inc.
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