Automotive Energy Recovery System Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Automotive Energy Recovery System Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Automotive Energy Recovery System Market

The automotive energy recovery system market size was valued at USD 17.12 billion in 2022, and the market is now projected to grow from USD 18.17 billion in 2023 to USD 29.60 billion by 2030, exhibiting a CAGR of 7.2% during the forecast period of 2023-2030.

The COVID-19 pandemic significantly impacted the automobile energy structures market, especially for electric powered automobiles (EVs). Disruptions within the global deliver chain caused decreased production and availability of strength healing structures. Vehicle sales declined sharply as customers faced monetary uncertainty and prioritized important spending. This slowdown hindered marketplace growth for car power structures designed to increase EV range and efficiency. As a end result, the adoption and development of these technology were temporarily stalled.

Governments worldwide are implementing gas performance and emissions requirements for motors, prompting manufacturers to integrate strength restoration systems. These policies power producers to undertake new technology to comply with the standards. As an end result, the call for energy recovery structures is growing. This regulatory push is fueling growth within the market for those structures, supporting producers meet environmental objectives.

Regenerative braking structures enhance gasoline efficiency by means of recuperating strength all through braking and the use of it to price batteries in hybrid and electric cars. The growing call for electric powered vehicles is driving the marketplace for those structures. Regenerative braking gives progressed performance and prolonged automobile range, making it more and more treasured. As an end result, the market for those systems is becoming more lucrative.

Comprehensive Analysis of Automotive Energy Recovery System Market

The automotive energy recovery system market growth is rising at an exponential rate due to its marketplace segmentation. This market expansion correctly affords a detailed local assessments thinking about the dominant supply and call for forces that effect the enterprise. These segmentations are methodically segregated by subsystem analysis, by propulsion analysis, by vehicle analysis. By subsystem analysis include turbocharger, exhaust gas recirculation, and regenerative braking system, by propulsion analysis ICE and Electric. By vehicle analysis passenger cars, light commercial vehicles, and heavy commercial vehicles.

The Asia Pacific region lead the automotive energy recovery system market share by benefitting a market size of USD 9.25 billion in 2022 due to its significant share in automotive production.

The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include BorgWarner Inc. (U.S.), Continental AG (Germany), Robert Bosch GmbH (Germany),Tenneco Inc. (U.S.), Rheinmetall Automotive AG (Germany), Hyundai Motor Group (South Korea),Cummins Inc. (U.S.), Mitsubishi Electric Corporation (Japan), GARRETT MOTION INC. (Switzerland), Enersgy Recovery (U.S.) these market players provide a level-playing competitive landscape.

In December 2022, Rheinmetall secures a EUR three hundred million contract to supply exhaust gasoline recirculation modules to a Pierburg Group subsidiary, providing aluminum housing and incorporated water-cooling circuit. Production set to commence in August 2026.

Segmentation Table

Attribute Details

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 7.2% from 2023 to 2030

Unit Value (USD Billion)

Segmentation By Subsystem

Turbocharger

Exhaust Gas Recirculation

Regenerative Braking System

By Vehicle

Passenger Cars

Light Commercial Vehicles

Heavy Commercial Vehicles

By Propulsion

ICE

Electric

By Region

North America (By Subsystem, By Vehicle, By Propulsion)

- U.S. (By Propulsion)

- Canada (By Propulsion)

- Mexico (By Propulsion)

Europe (By Subsystem, By Vehicle, By Propulsion)

- Germany (By Propulsion)

- France (By Propulsion)

- U.K. (By Propulsion)

- Rest of Europe (By Propulsion)

Asia Pacific (By Subsystem, By Vehicle, By Propulsion)

- Japan (By Propulsion)

- China (By Propulsion)

- India (By Propulsion)

- South Korea (By Propulsion)

- Rest of Asia Pacific (By Propulsion)

Rest of the World (By Subsystem, By Vehicle, By Propulsion)


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