Press release
Automotive Energy Recovery System Market Investment Opportunities, Industry Share & Trend Analysis Report to 2030
According to a new report published by Allied Market Research, titled, "Automotive Energy Recovery System Market," The automotive energy recovery system market was valued at $22.4 billion in 2020, and is estimated to reach $45.5 billion by 2030, growing at a CAGR of 7.4% from 2021 to 2030.An automotive energy recovery system is a technology that turns kinetic energy into electrical energy to perform various functions in vehicles, such as delivering power to engines or batteries and enhancing engine efficiency by recycling exhausted gases. Most electric vehicles are equipped with a regenerative braking system, while turbocharger and exhaust gas recirculation have greater penetration in diesel- & gasoline-powered vehicles. Nowadays, the automotive industry is more inclined to use advanced technologies to reduce emissions and increase fuel economy. Hence, the adoption of energy recovery systems in various forms prompted automobile companies to invest extensively in these systems. For instance, in August 2019, Hyundai Motor Group launched the world's first Continuously Variable Valve Duration (CVVD) technology in Smartstream G1.6 T-GDi Engine, an I4 gasoline turbo unit with 180 horsepower & 27.0kgm of torque that offers exhaust gas recirculation to optimize fuel efficiency.
In addition, the automotive energy recovery system market has witnessed significant growth in recent years, owing to increased demand for improved vehicle performance and the inclination of consumers toward environment-friendly vehicles. The companies operating in the market have adopted product launches, developments, and R&D to increase their market share and expand their geographical presence. For instance, in November 2020, Cummins Inc. upgraded the Series 800 Holset turbocharger with an all-new compressor stage designed for engines ranging from15L to 28L to deliver significant improvements in performance, flow range, temperature, capability, and seal robustness. Moreover, an increase in consumer purchasing power and surge in adoption of innovative & advanced technology are factors reinforcing the demand for energy recovery systems. In December 2019, BorgWarner Inc. launched the newest AirWerks upgraded turbocharger with a convenient bolt-on design and temperature-resistant materials that deliver optimal performance for the customers with Ford F-150 trucks with model years between 2011 and 2016 with an additional 85 horsepower to the vehicle.
Access Free sample PDF Copy of the Report - https://www.alliedmarketresearch.com/request-sample/897
The automotive energy recovery system market is segmented on the basis of product type, vehicle type, and region. By product type, the market is divided into regenerative braking systems, turbocharger and exhaust gas recirculation (EGR). By vehicle type, the market is categorized into passenger cars, commercial vehicles and electric vehicles. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY FINDINGS OF THE STUDY -
By vehicle type, the electric vehicle segment is expected to register a significant growth during the forecast period.
Depending on product type, the regenerative braking system segment is anticipated to exhibit significant growth in the near future.
Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
COVID-19 IMPACT ANALYSIS -
The COVID-19 crisis creates uncertainty in every market, including the automotive sector. The closure of assembly plants and large-scale manufacturing interruptions has led to the decline in global demand for automobiles, indirectly affecting the automotive energy recovery system market.
For Purchase Enquiry - https://www.alliedmarketresearch.com/purchase-enquiry/897
Furthermore, governments across different regions announced total lockdown and the temporary shutdown of industries, leading to the border closures that restricted the movement of transportation & logistics services.
As per the data released by the Society of Electric Vehicle Manufacturers (SMEV), new electric vehicles (EVs) registrations during FY21 dropped by 20 percent compared with the number of new EV registrations in FY20, which affected the market.
However, the overall service activities of market players have registered a steady and favorable recovery in the subsequent months with increase in the sales of electric vehicles owing to high fuel cost, which lead to rise in the demand for the global automotive energy recovery system market.
As per the current scenario, the overall world is getting back on track slowly; with the new restriction and policies, a significant recovery in product sales across the retail sector may positively influence the automotive energy recovery system industry owing to the latest technological innovations regarding vehicle performance.
The key players operating in the global automotive energy recovery system market are BorgWarner Inc., Continental AG, Cummins Inc., Faurecia, Honeywell International Inc., Hyundai Motor Group, IHI Corporation, Mitsubishi Heavy Industries, Ltd., Robert Bosch GmbH, and Tenneco Inc.
Request for Customization Research - https://www.alliedmarketresearch.com/request-for-customization/897
Contact -
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
About us -
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Energy Recovery System Market Investment Opportunities, Industry Share & Trend Analysis Report to 2030 here
News-ID: 2687199 • Views: …
More Releases from Allied Market Research
Mobile Application Security Market Growing at 26.3% CAGR Reach USD 37.1 Billion …
Allied Market Research published a new report, titled, "Mobile Application Security Market Growing at 26.3% CAGR Reach USD 37.1 Billion by 2032." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain a thorough understanding of the industry and determine…
MarTech Market Witnessing CAGR of 18.5% Hit USD 1.7 Trillion by 2032
The global marketing technology market is experiencing growth due to several factors, including the increasing digital transformation, the surge in demand for personalized experience, and the proliferation of automation and efficiency. However, data privacy and compliance, and the high cost of implementation are expected to hamper market growth. Furthermore, the growing integration of AI and ML technologies and the increase in demand for real-time marketing are anticipated to provide lucrative…
Feedback Management Software Market Growing with CAGR of 12.9% Reach USD 28.7 Bi …
Allied Market Research published a new report, titled, "Feedback Management Software Market Growing with CAGR of 12.9% Reach USD 28.7 Billion by 2031 ." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and…
Digital Educational Publishing Market Growing at 15.9% CAGR Reach USD 41.5 Billi …
The Market report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.
The global Digital Educational Publishing Market was valued at $9.9 billion in 2021, and is projected to reach $41.5 billion by 2031, growing at…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Waterproofing Membranes Market is Projected Grow at CAGR of 8% CAGR by 2033
The waterproofing membranes market is anticipated to witness a Compound Annual Growth Rate (CAGR) of 8.0% over the forecast period. By 2023, the estimated market value for waterproofing membranes is substantial, reaching US$ 31.5 billion.
These waterproofing materials comprise thin, impermeable membranes designed to collaborate with asphalt, providing a protective shield for the structural integrity of buildings. The asphalt component in these membranes acts as a safeguard, preserving the underlying membrane…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Pediatric Radiology Market Size will Grow at CAGR 7.7% CAGR during 2017-2026
Pediatric Radiology Market:Overview
The pediatric radiology market is likely to register robust growth in the near future. Chronic illnesses among children including neurological disorders such as ADHD are on the rise. According to the US labor bureau, the demand for pediatrician is expected to grow by 24% on average by 2020. This is the highest average growth among all professionals in the United States.
Despite challenges such as training for new…
