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Exhaust Heat Recovery System Market Analysis, Growth By Top Companies, Trends By Types And Forecast To 2022-2031
According to the report published by Allied Market Research, the global exhaust heat recovery system market generated $16.1 billion in 2021, and is projected to reach $28.7 billion by 2031, growing at a CAGR of 6.1% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape, and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners, and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.Download Report (PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/17815
COVID-19 Scenario:
The outbreak of the COVID-19 pandemic had negatively impacted the growth of the global exhaust heat recovery system market as COVID-19 pandemic forced governments across the globe to implement stringent lockdowns. Moreover, the ban on import-export of essential raw material items for most of 2020, and few months in 2021 led to sudden decline in availability of important raw materials for vehicle components.
Interrupted supply chains and production schedules caused by the COVID-19 pandemic, aviation production and sales suffered negatively impacted the market for exhaust heat recovery system market in 2020.
During the COVID-19 pandemic, there was fluctuation in sale of exhaust heat recovery systems and there was a halt in vehicle production hampering the global market growth.
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In terms of components, the EGR component segment held the largest market share in 2021, accounting for two-fifths of the global exhaust heat recovery system market share. However, the turbocharger component segment is expected to maintain its leadership status during the forecast period. Nevertheless, the thermoelectric generator component segment, is expected to cite the highest CAGR of 7.6% during the forecast period.
Region-wise, the Asia-Pacific region held the major market share in 2021, grabbing more than two-fifths of the global exhaust heat recovery system market share. Moreover, the Asia-Pacific market is slated to dominate the global market share during the forecast period. However, the Asia-Pacific region is expected to cite the fastest CAGR of 6.8% during the forecast period. The report also analyses other regions such as Europe, North America, and LAMEA.
The key players analyzed in the global exhaust heat recovery system market report include Aisin Corporation, Borgwarner Inc., Calsonic Kansei Corporation (Marelli Holdings Co., Ltd.), CDTi Advanced Materials Inc., Continental AG, Dana Limited, Denso Corporation, Eberspächer Gruppe GmbH & Co. KG, Faurecia, Garrett Motion Inc., IHI Corporation, Katcon SA de C.V., MAHLE GmbH, Mitsubishi Heavy Industries, Ltd., Schaeffler AG, Tenneco Inc., and Valeo.
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