Global Automotive Energy Harvesting and Regeneration Market to Reach $270.2 Billion by 2030
The global market for Automotive Energy Harvesting and Regeneration estimated at US$81.7 Billion in the year 2023, is expected to reach US$270.2 Billion by 2030, growing at a CAGR of 18.6% over the analysis period 2023-2030. Hybrid Electric Vehicles Application, one of the segments analyzed in the report, is expected to record a 18.9% CAGR and reach US$110.5 Billion by the end of the analysis period. Growth in the Battery Electric Vehicles Application segment is estimated at 20.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $24.9 Billion, While China is Forecast to Grow at 17.8% CAGR
The Automotive Energy Harvesting and Regeneration market in the U.S. is estimated at US$24.9 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$45.7 Billion by the year 2030 trailing a CAGR of 17.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.6% and 15.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 12.7% CAGR.
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