Global Exhaust Heat Recovery System Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
“Global Exhaust Heat Recovery System Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global exhaust heat recovery system market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. 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 and mergers, and market footprint. The global exhaust heat recovery system market report has been segmented on the basis of technology, component, vehicle type, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Exhaust Heat Recovery System (EHRS) plays a vital role in improving powertrain efficiency. In this system, heat rejected by the engine is reused to heat the vehicle fluids faster (for example, engine coolant, engine oil, etc.) correspondingly reducing harmful gas emissions. By using the EHRS, the power output can be increased up to 40% and the heat loss can be reduced to as much as 25%.
Growing demand for exhaust heat recovery systems owing to increasing stringent emission regulations associated with on-road as well as off-road vehicles is a major factor expected to drive growth of the global exhaust heat recovery system market. In addition, use of exhaust heat for auxiliary applications like heating, ventilation, and air conditioning (HVAC) and oil cooling can further create growth opportunities for manufacturers in the global market.
However, shifting trend towards electric propulsion in vehicles in the developed countries is a major factor expected to restrain growth of the global market during the forecast period.
The hybrid vehicle segment is expected to witness fastest growth over the forecast period owing to, increasing concern over global warming and air pollution.
The Asia Pacific market is estimated to account for highest revenue share in the target market in terms of revenue contribution as compared to that of markets in other regions owing to, rising production of exhaust heat recovery systems for gasoline cars by original equipment manufacturers in order to meet upcoming strict emission norms in the region. The market in the Europe is projected to register comparatively faster growth in terms of revenue over the next 10 years. This growth can be attributed to increasing stringent laws regarding vehicle emissions, which are in turn creating demand for exhaust heat recovery systems in the region. The Europe market accounts for second-highest revenue share in the global market and is expected to register a CAGR of XX.X% during the forecast period. The markets in Latin America and Middle East & Africa are expected to register moderate growth rate in the global exhaust heat recovery system market over the forecast period.
Global Exhaust Heat Recovery System Market Segmentation:
On the basis of technology:
- Exhaust gas recirculation (EGR)
- Organic rankine cycle (ORC)
- Thermoelectric generator (TEG)
On the basis of component:
- EGR valve & cooler
- TEG Module
On the basis of vehicle type:
- Passenger cars
On the basis of region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Faurecia S.A.
- Mahle GmBH
- Continental Aktiengesellschaft
- Denso Corporation
- Borgwarner Inc.
- Valeo SA
- Dana Incorporated
- Calsonic Kansei Corporation
- Delphi Technologies PLC
- Mitsubishi Electric Corporation
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