Regenerative Braking Systems Market to Reach USD 90.50 Billion at a CAGR of 5.2% by 2028 | Prominent Players: Denso Corporation, Eaton Corporation Plc, Mazda Motor Corporation, Maxwell Technologies, and Robert Bosch GMBH among Others

The Global Regenerative Braking Systems Market is projected to reach USD 90.50 billion by 2028, growing at a CAGR of 5.2% over the forecast period. Regenerative Braking Systems (RBS), which is commonly used as an engine component in vehicles, decrease the GHG emission and increase fuel efficiency. Various governments across the globe have implemented stringent regulations to reduce carbon emissions, which, in turn, have increased the adoption of RBS in the automotive industry.

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Regenerative braking systems have applications in electric vehicles, hybrid vehicles, and plug-in hybrid electric vehicles. In an electric vehicle, the regenerative braking system generates electricity by converting the loss of momentum during the application of brakes. The energy generated by RBS can be stored as electricity and then returned to drive a vehicle or train during acceleration or whenever required. Batteries or banks of super-capacitors can use this stored energy.

This energy-saving feature is a latent driver for the regenerative braking systems market. However, the major restraining factors for the Global Regenerative Braking Systems Market are the increasing overall cost, concerns regarding the weight of vehicles, and high maintenance cost associated with brake overhauling.

According to the International Organization of Motor Vehicle Manufacturers, the number of passenger cars sold increased from 49,650,336 in 2009 to 70,849,466 in 2017. This growth is providing an opportunity for the regenerative braking systems market. Reduction in fuel consumption will result in lower CO2 emissions, which will help in reducing environmental impact. This is going to offer the scope for integrating regenerative braking systems in transport vehicles.
Green transportation projects in development, modernization of transport infrastructure, and the introduction of hybrid vehicles will offer new avenues for the Global Regenerative Braking Systems Market in the near future.

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Regenerative Braking Systems Market, By System:

Based on system, the battery segment is holding the largest share in the regenerative braking systems market. The significant factor in driving the development of this category is the high usage of battery-based RBS systems in passenger vehicles. However, in terms of growth, the ultra-capacitors segment is expected to lead the regenerative braking systems market during the forecast period, owing to better charge-discharge capability of these capacitors than batteries, and their ability to run at a lower temperature (up to -40 degree Celsius).

Regenerative Braking Systems Market, By Vehicle Type:

Based on vehicle type, the passenger vehicle segment is projected to hold the largest market share during the forecast period owing to the superior benefits such as high efficiency in energy conversion as compared to RBS used in trucks or buses. Moreover, during braking, RBS can recover about half of the energy wasted by passenger vehicles.

Regenerative Braking Systems Market, By Region:

Asia-Pacific accounted for the largest regenerative braking systems market share. The region will maintain its dominance throughout the forecast period due to increased adoption of electric vehicles, such as electric two-wheeler and passenger cars in countries like China, Japan, and India.

China was the dominant country in the Asia-Pacific region, especially in the two-wheelers and passenger cars segments. China had 230 million E-bikes, 83,000 E-cars, and 36,500 E-bikes in 2015. Advances in electric vehicle technology and public projects such as EVSE infrastructure investment have resulted in the growth of the automotive sector.

Further, government-imposed laws and regulations on vehicle emissions have supplemented the regenerative braking systems market development in the Asia-Pacific region. Moreover, a rise in the number of charging stations in countries such as China, Japan, and India has augmented the growth of the Asia-Pacific regenerative braking systems market.

Some Major Developments in the Regenerative Braking Systems Market:
1. Start-stop and regenerative braking will become omnipresent owing to manufacturers increasingly incorporating Regenerative Braking Systems technology. Mahindra is adopting this technology in every model, from the smaller KUV100 to the bulkier Bolero and TUV300. Start-stop and regenerative braking can reduce fuel consumption by another 9%, and thus, can help cover a substantial distance towards meeting the CAFC target.
2. 19 May 2020 – The first fully electric van in the UK for zero-emission, ABT e-Transporter 6.1., has been launched by Volkswagen Commercial Vehicles. It includes regenerative braking, which recovers the energy lost when braking.
3. In April 2019, Continental AG (Germany) completed the testing of its MK C1 brake system, which will reduce carbon emissions of hybrid vehicles by 5g/km.

Some Key Findings of the Global Regenerative Braking Systems Market Report Include:
1. Major global market trend & forecasts analysis along with country-specific market analysis for up to 10 countries
2. In-depth global Regenerative Braking Systems market report includes an analysis by system, vehicle type, and regions with an analysis of trend-based insights and factors.
3. Competitive benchmarking, product offering details, growth strategies adopted by the leading market players along with their investments in the last five years
4. The market study includes the micro and macro analysis of the regions, drivers, restraints, opportunities, challenges, guidelines, and regulations that are influencing the global Regenerative Braking Systems market.

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Some major market players operating in global Regenerative Braking Systems market include Continental TRW automotive, AG, Delphi Automotive PLC, Adgero S.A.S, Aisin Seiki Co. Ltd., Denso Corporation, Eaton Corporation Plc, Autoliv Nissin Brake Systems, Magneti Marelli S.p.A, Mazda Motor Corporation, Maxwell Technologies, and Robert Bosch GMBH.

Market Segmentation:

By System:
o Battery
o Flywheel
o Ultra-Capacitors
o Hydraulic

By Vehicle Type:
o Passenger
o Commercial
o Electric Vehicles
o Defense
o Construction
o Farm-Tractors
o Others

By Region:
o North America
o Western Europe
o Eastern Europe
o Asia a Pacific
o Middle East
o Rest of the world
Reasons To Buy This Report:

• Market size estimation of the global regenerative braking systems market on a regional and global basis.
• Unique research design for regenerative braking systems market size estimation and forecast.
• Profiling of major companies operating in the regenerative braking systems market with key developments.
• Broad scope to cover all the possible segments helping every stakeholder in the regenerative braking systems market.

Customization:

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

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