Automotive Energy Recovery System Market By Vehicle Type (Passenger Cars, Commercial Vehicles, Electric Vehicles), By Product Type (Regenerative Braking System, Turbocharger, Exhaust Gas Recirculation): Global Opportunity Analysis and Industry Forecast, 2020-2030
The automotive energy recovery system is used to recover the moving vehicle’s kinetic energy under braking and convert it into electrical energy stored in a battery, supercapacitor, or mechanical energy in a flywheel. It increases the energy optimization of the vehicle by recycling exhausted gases. Automobile manufacturers are currently focused on producing advanced automotive energy recovery systems with a high-efficiency rate and low cost. For instance, in August 2019, Hyundai Motor Group launched the world’s first Continuously Variable Valve Duration (CVVD) technology in Smartstream G1.6 T-GDi Engine, an I4 gasoline turbo unit with 180 horsepower & 27.0kgm of torque that offers exhaust gas recirculation to optimize fuel efficiency. Furthermore, the adoption & popularity of regenerative braking systems (RBS) in electric buses exhibits a high mile range & initiatives taken by the governments for environment-friendly buses across the world, such as hybrid buses or electric buses, foster energy recovery system market opportunity in the heavy vehicles segment.
For the purpose of analysis, the automotive energy recovery system market is segmented on the basis of product type, vehicle type, and region. By product type, the market is divided into regenerative braking systems, turbocharger, and exhaust gas recirculation (EGR). By vehicle type, the market is categorized into passenger cars, commercial vehicles and electric vehicle. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the critical areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and the role of each stakeholder. The report also features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain the intense competition in the industry.
The key players operating in the global automotive energy recovery system market are BorgWarner Inc., Continental AG, Cummins Inc., Faurecia, Honeywell International Inc., Hyundai Motor Group, IHI Corporation, Mitsubishi Heavy Industries, Ltd., Robert Bosch GmbH, and Tenneco Inc.
Key Benefits For Stakeholders
This study presents the analytical depiction of the global automotive energy recovery system market analysis along with the current trends and future estimations to depict imminent investment pockets.
The overall market opportunity is determined by understanding profitable trends to gain a stronger foothold.
The report presents detailed impact analysis information related to the key drivers, restraints, and market opportunities.
The current automotive energy recovery system industry is quantitatively analyzed from 2021 to 2030 to benchmark financial competency.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Key Market Segments
By BY PRODUCT TYPE
Regenerative Braking System
Turbocharger
Exhaust Gas Recirculation
By Vehicle Type
Passenger Cars
Commercial Vehicles
Electric Vehicles
By Region
North America
U.S.
Canada
Mexico
Europe
U.K.
Germany
France
Netherlands
Norway
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest Of Asia Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
BorgWarner Inc.
continental ag
Cummins Inc.
faurecia
Honeywell International Inc.
Hyundai Motor
ihi corporation
Mitsubishi Heavy Industries
robert bosch gmbh
Tenneco Inc.
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