Exhaust Heat Recovery Systems Market 2020 Huge Demand by Globally with Top Key Player - Continental AG, Hitachi Ltd., Borg Warner

Exhaust Heat Recovery Systems Market to grow exponentially at a CAGR of XX % by 2028

A recent report published by QMI on Exhaust Heat Recovery Systems market is a detailed assessment of the most important market dynamics. After carrying out thorough research on the market of exhaust heat recovery systems historical as well as current growth parameters, business expectations for growth are obtained with utmost precision. The study identifies specific and important factors affecting the market for exhaust heat recovery systems during the forecast period. It can enable manufacturers of exhaust heat recovery systems to change their production and marketing strategies in order to envisage maximum growth.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1) Continental AG
2) Hitachi Ltd.
3) Borg Warner
4) Denso Corporation
5) Robert Bosch GmbH
6) Thermax Ltd.
7) Foster Wheeler AG
8) Cummins Inc.
9) Faurecia
10) Mitsubishi Heavy Industries
11) General Electric.

Understanding Exhaust Heat Recovery Systems and its Functions-

Exhaust heat recovery system can be described as a technology that transforms either thermal or exhaust losses into energy. It helps boost fuel efficiency and reduce carbon footprint. This system is used in conventional and hybrid vehicles for producing both electric and mechanical energy. The maximum efficiency that conventional combustion engines achieve is about 45 percent, and the rest are produced as losses, mostly as heat. Recovering energy from these losses results in increased fuel efficiency and, thus, decreases CO2 emissions. This is one of the key drivers to the demand for exhaust heat recovery systems.

The demand for exhaust heat recovery system will see significant growth during the forecast period due to technological developments, and strict government emission control regulations.

The exhaust heat recovery technologies being considered are EGR, ORC, turbocharger, and TEG. As most diesel vehicles are fitted with these technologies, the EGR and the turbocharger are quite mature technologies. Many gasoline vehicles are fitted with EHRS technologies, and the trend is raising due to stringent emission standards. EGR cooler contributes a large portion of the total EGR cost, which is higher than that of other EHRS technology components. The EGR cooler reduces the exhaust gas temperature which helps to lower the NOx. For these reasons it is anticipated that EGR cooler will be the largest market for the exhaust heat recovery system.

Governments around the world are attempting to reduce their carbon footprint. To do so, one important step is to reduce vehicle CO2 gas emissions. The exhaust heat recovery system helps the vehicle to become more efficient through its life cycle, reducing the overall emissions.

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Significant Developments:

o In August 2018, BorgWarner will start manufacturing the heat recovery system. This was originally manufactured for North American manufacturers to boost fuel efficiency.
o In September 2018, MAHLE has developed thermally insulating piston coatings to reduce pollution and improve performance. This will help in the high-quality energy production.

Exhaust Heat Recovery Systems Market has been segmented by region includes North America, Western Europe, Asia Pacific, Eastern Europe, Middle East and Rest of the world. The United States (U.S.) is a major contributor in the field, backed by the country's strong economic growth as well as rapid industrialization. The Asia Pacific market is growing at the fastest rate as a result of the high industrialization and the increasing importance of sustainable energy in emerging markets, particularly in China and India. In addition, the region's growing manufacturing sector is noted for profiting the region's exhaust heat recovery system industry. In addition, Japan, China, Singapore, and Australia are the region's leading business contributors.

Market Segmentation:

By Vehicle Type:
Passenger (2 Wheelers, 4 Wheelers, etc.)
Commercial (Heavy CV, Light CV, Buses, and Coaches)
Electric
Defense
Construction Vehicles
Farm Tractors
Others

By Technology:
Conventional Technology
Exhaust Gas Recirculation (EGR)
Turbocharger
New Technology
o Organic Ranking Cyle (ORC)
o Thermoelectric Generator (TEG)

By Component:
EGR
EGR Valve
EGR Cooler
Turbocharger
o Turbine
o Compressor
Organic Rankine Cycle
o Evaporator
o Condenser
o Expander
o Pump
Thermoelectric Generator
o Thermoelectric Module
o Heat Exchanger

By Off-Highway Vehicle:
Agricultural Tractor
Construction

By Hybrid Type:
Plug-In Hybrid Electric Vehicle (PHEV)
Hybrid Electric Vehicle (HEV)

By Region:
North America
o By Country (US, Canada, Mexico)
o By Vehicle Type
o By Technology
o By Component
o By Off-Highway Vehicle
o By Hybrid Type

Eastern Europe:
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Vehicle Type
o By Technology
o By Component
o By Off-Highway Vehicle
o By Hybrid Type

Western Europe:
o By Country (Germany, UK, France, Spain, Italy, Rest of Western Europe)
o By Vehicle Type
o By Technology
o By Component
o By Off-Highway Vehicle
o By Hybrid Type

Middle East:
o By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
o By Vehicle Type
o By Technology
o By Component
o By Off-Highway Vehicle
o By Hybrid Type

Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Vehicle Type
o By Technology
o By Component
o By Off-Highway Vehicle
o By Hybrid Type

Rest of the World
o By Region (South America, Africa)
o By Vehicle Type
o By Technology
o By Component
o By Off-Highway Vehicle
o By Hybrid Type

Quince Market Insights
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This release was published on openPR.