Exhaust Heat Recovery Market Projected to Grow due to Increasing Concern Regarding CO2 Emissions | Key Players: Continental AG, Hitachi Ltd., Borg Warner, Denso Corporation, Robert Bosch GmbH, Thermax Ltd., Foster Wheeler AG, Cummins Inc., Faurecia, Mitsu

The escalating cost of energy combined with the need for reducing CO2 emissions for more efficient energy recovery solutions, particularly in applications that consume a large amount of energy are the need of the hour. One solution is the recovery of energy from waste heat. Pertaining to heat generation, stringent regulations for automotive emissions are implemented across the globe, which is driving the Exhaust Heat Recovery Market. Its capability of reducing pollution is the key driver of the automotive exhaust heat recovery system. Governing bodies of various countries, manufacturers, and consumers are focusing on research and development related to reducing pollution, and the increase in number of vehicles.

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Key Takeaways of the Exhaust Heat Recovery Market Study

1. By component, turbocharger is expected to be the fastest growing technology, while EGR cooler is expected to be the largest market for the exhaust heat recovery system. EGR cooler reduces the temperature of exhaust gas, which helps in reducing the NOx.

2. The hybrid electric vehicle segment is expected to be the largest market for the exhaust heat recovery system during the forecast period. The global eco-friendly vehicle market is booming because of the increasing concern over global warming and air pollution and the government support to reduce air pollution.

3. Europe witnesses the enactment of stringent laws regarding vehicle emission, which boosts the demand for exhaust heat recovery systems in the region.

Notable Development Trends to Open up New Horizons of Growth for Exhaust Heat Recovery Market

The leading companies in the market focus on product development as well as the acquisition in the market to enhance the market share in the global market during the forecast period.

1. 31 July 2018 - Developed for hybrid electric vehicles (HEVs) and plug-in hybrid electric vehicles (PHEVs), BorgWarner’s innovative Exhaust Heat Recovery System (EHRS) can improve fuel economy by up to 8.5% and reduce emissions significantly. The EHRS enters production later this year for vehicles from a major North American automaker.

2. 27 May 2020 - Alfa Laval – global provider of heat transfer, centrifugal separation and fluid handling solutions – has signed an agreement with a Chinese system builder for the delivery of land-based waste heat recovery units. This newly developed unit specifically targets land-based applications.

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Major points covered in the report:
1. Macroeconomic factors affecting the Exhaust Heat Recovery market and its potential
2. Exhaust Heat Recovery Market dynamics, such as drivers, challenges, and trends
3. Detailed value chain analysis of the Exhaust Heat Recovery market
4. The cost structure of the products and segments covered in the study
5. key product segments, regions and by major market participants are analyzed
6. Analysis of demand and supply, such as top manufacturing and consuming regions, overall trade scenario with imports/exports details
7. Analysis of the market structure, including a tier-wise categorization of key market participants
8. Competitive landscape of the Exhaust Heat Recovery market, including detailed profiles of the top players in this market

Some of the major players in the Exhaust Heat Recovery market are Continental AG, Hitachi Ltd., Borg Warner, Denso Corporation, Robert Bosch GmbH, Thermax Ltd., Foster Wheeler AG, Cummins Inc., Faurecia, Mitsubishi Heavy Industries, and General Electric.

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Market Segmentation:

By Component:
• EGR Valve & Cooler
• TEG Module
• Compressor
• Turbine
• Evaporator
• Condenser
• Others

By Technology:
• EGR (Exhaust Gas Recirculation)
• ORC (Organic Rankine Cycle)
• TEG (Thermoelectric Generators)
• Turbocharger
• Others

By Vehicle:
• OHV (Overhead Valve Engine)
• Hybrid
• PC
• LCVs (Light Commercial Vehicles)
• Truck
• Bus

By Region:

North America
o By Country (US, Canada, Mexico)
o By Component
o By Technology
o By Vehicle

Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Component
o By Technology
o By Vehicle

Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Component
o By Technology
o By Vehicle

Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Component
o By Technology
o By Vehicle

Rest of the World
o By Region (South America, Africa)
o By Component
o By Technology
o By Vehicle

Reasons To Buy This Report:
• Market size estimation of the exhaust heat recovery market on a regional and global basis
• The unique research design for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:
We provide customization of the study to meet specific requirements:
• By Segment
• By Sub-segment
• By Region/Country

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This release was published on openPR.