Passenger Car Energy Recovery Systems

Passenger Car Energy Recovery Systems

Global Automotive Energy Recovery Systems Market to Reach $33 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Automotive Energy Recovery Systems estimated at US$21.7 Billion in the year 2020, is projected to reach a revised size of US$33 Billion by 2027, growing at a CAGR of 6.1% over the analysis period 2020-2027. Regenerative Braking Systems, one of the segments analyzed in the report, is projected to record a 7% CAGR and reach US$19.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Turbocharger segment is readjusted to a revised 5.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $6.3 Billion, While China is Forecast to Grow at 5.6% CAGR

The Automotive Energy Recovery Systems market in the U.S. is estimated at US$6.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.8 Billion by the year 2027 trailing a CAGR of 5.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.4% and 5.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.

Exhaust Gas Recirculation (EGR) Segment to Record 3.6% CAGR

In the global Exhaust Gas Recirculation (EGR) segment, USA, Canada, Japan, China and Europe will drive the 3.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.7 Billion in the year 2020 will reach a projected size of US$3.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 18 Featured) -

• Autoliv, Inc.
• BorgWarner, Inc.
• Continental AG
• Cummins, Inc.
• Delphi Automotive PLC
• Denso Corporation
• Faurecia SA
• Gentherm, Inc.
• Hitachi Automotive Systems Ltd.
• Honeywell International, Inc.
• Hyundai Mobis Co., Ltd.
• IHI Corporation
• Maxwell Technologies, Inc.
• Mitsubishi Heavy Industries Ltd.
• Panasonic Corporation
• Rheinmetall Automotive AG
• Ricardo PLC
• Robert Bosch GmbH
• Skeleton Technologies
• Tenneco, Inc.
• Torotrak PLC
• ZF Friedrichshafen AG

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