Global Automotive Energy Recovery System Market Size, Share and Trends Analysis, By Product Type (Regenerative Braking System (Electric, Hydraulic, and Others), Turbocharger (Twin Turbo, Wastegate Turbocharger, and Variable Geometry Turbocharger), and Exhaust Gas Recirculation (EGR)), By Vehicle Type (Two-Wheeler, Passenger Cars, and Commercial Vehicles), Forecast (2022-2028)
The global automotive energy recovery system market is expected to grow at a rate of 7.0% during the forecast period. Dissipated energy is used by an automotive energy recovery system to provide power to the engine or batteries, as well as to improve engine efficiency by recycling exhausted gases. The use of dissipated energy improves a vehicle’s overall performance while lowering greenhouse gas emissions. The majority of electric vehicles have regenerative braking systems, whereas turbochargers and exhaust gas recirculation are more common in diesel and gasoline vehicles. The automotive energy recovery system market is segmented by product type, vehicle type, and geography. The market is made up of three product types: regenerative braking systems (electric, hydraulic, and others [flywheel & spring]), turbochargers (twin turbochargers, wastegate turbochargers, and variable geometry turbochargers), and exhaust gas recirculation (EGR). Based on vehicle type, the market is divided into three categories, such as two-wheelers, passenger cars, and commercial vehicles.
Stringent vehicular emission rules and regulations, as well as an increase in the trend of engine downsizing and stringent fuel economy standards, are driving the global automotive energy recovery system market. In addition, the market is growing owing to an increase in the number of electric vehicles and electric vehicle supply equipment (EVSE) infrastructure, as well as improved vehicle performance. However, the market growth is hampered by rising overall vehicle costs and weight, as well as high repair and maintenance costs. Regardless of these obstacles, rising environmental concerns and technological advancements, such as the introduction of waste energy recovery systems in two-wheelers, are expected to open up new product opportunities and boost the market growth. The adoption of energy recovery technologies in vehicles has pushed passenger cars to the forefront of the automotive energy recovery system.
Owing to an increase in the number of electric cars in countries such as China, the US, and Japan, the demand for regenerative braking system (RBS) market for passenger cars is expected to increase during the forecast period. Manufacturers of RBS and electric vehicles are constantly developing technologically advanced and lightweight RBS for passenger cars. Hyundai Mobis CO., LTD. has expanded its RBS series by introducing the Integrated Mobis Electronic Brake (iMEB), a next-generation electronic integrated regenerative brake system for electric and hybrid vehicles. Owing to strict vehicular emission norms and an increase in electric vehicles in China, Japan, and South Korea, Asia-Pacific is the most lucrative automotive energy recovery system market. Government investments in EVSE infrastructure and electric commercial vehicles such as heavy-duty buses and trucks are fueling the market growth.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Product Type
- By Vehicle Type
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Robert Bosch GmbH, Continental AG, and Autoliv Inc., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Automotive Energy Recovery System Market Report by Segment
By Product Type
- Regenerative Braking System
- Electric
- Hydraulic
- Others [Flywheel & Spring]
- Turbocharger
- Twin Turbo
- Wastegate Turbocharger
- Variable Geometry Turbocharger
- Exhaust Gas Recirculation (EGR)
By Vehicle Type
- Two-Wheeler
- Passenger Cars
- Commercial Vehicles
Global Automotive Energy Recovery System Market Report by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle-East and Africa
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