Press release
Automotive Energy Recovery Market Outlook on Key Growth Trends, Factors and Forecast 2032
Automotive Energy Recovery Market
A device known as an automotive energy recovery system makes use of lost energy to power the engine or batteries and improve engine performance by recovering exhaust gases. The energy that is dissipated enhances the vehicle's overall performance and reduces its greenhouse gas emissions. The majority of electric cars use regenerative braking systems, but turbochargers and exhaust gas recirculation are more common in diesel and gasoline-powered cars. These advancements in automotive technology allow the major market participants to dramatically increase their R&D spending in order to improve their technical know-how and product line. For instance, IHI Corporation and AVL LIST GmbH, the largest independent manufacturer of powertrain systems, entered into a contract in April 2021 for investment in electric turbochargers for fuel cell systems as part of the development to replace traditional gasoline. From diesel-powered automobiles to hybrid automobiles (HEVs), electric automobiles (EVs), and fuel cell automobiles (FCVs).
Alternative automotive technologies are now crucial to reducing the rise in air pollution brought on by vehicle emissions. As a result, major automakers like Toyota, BMW, Ford, and Tesla have added energy recovery systems to their cars to replace decreasing oil supplies, a key energy source for driving them. For owners of Ford F-150 pickups with model years between 2011 and 2016, BorgWarner Inc. introduced the newest AirWerks improved turbocharger in December 2019. It has a convenient bolt-on design and temperature-resistant materials, and it adds 85 horsepower to the vehicle. Moreover, regenerative braking system (RBS) is a developing braking technology in the automotive sector that may be used in both conventional and electric vehicles due to its benefits such as better performance of the vehicle and a decrease in braking system wear and tear, which significantly increases the market for energy recovery systems.
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The automotive energy recovery system market is anticipated to rise as a result of factors like strict vehicle emission rules and regulations, an increase in the trend towards downsizing the engine, and strict fuel efficiency criteria. Improvements in car performance and an increase in the availability of EVSE infrastructure are also projected to boost market expansion. However, a rise in overall vehicle cost and weight as well as expensive repair and maintenance expenses hinder market expansion. Also, technological developments like the addition of waste energy recovery systems to two-wheelers and an increase in government laws and regulations provide market participants lucrative growth prospects.
Market Segmentation
Report Scope:
The primary and secondary research is done in order to access up-to-date government regulations, market information and industry data. Data were collected from the Automotive Energy Recovery manufacturers, distributors, end users, industry associations, governments' industry bureaus, industry publications, industry experts, third party database, and our in-house databases. The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment by type, application and region and as a result provides a holistic view of as well as a deep insight into the Automotive Energy Recovery market covering all its essential aspects.
Global Automotive Energy Recovery Market: Segmentations
Global Automotive Energy Recovery Market: By Types
Regenerative Braking System
Turbocharger
Exhaust Gas Recirculation (EGR)
Global Automotive Energy Recovery Market: By Applications
Two-Wheelers
Passenger Cars
Commercial Vehicles
Global Automotive Energy Recovery Market: Major Players
Robert Bosch
Continental AG
Autoliv
Hyundai Mobis
Honeywell International
Mitsubishi Heavy Industries,
Cummins
Tenneco
Faurecia
BorgWarner
IHI Corporation
Rheinmetall Automotive AG
Hitachi Automotive Systems
Maxwell Technologies
Skleton Technologies
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Global Automotive Energy Recovery Market: By Regions
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia, and Rest of Asia-Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter's Five Force Model and SWOT analysis are used to study the global Automotive Energy Recovery market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Automotive Energy Recovery would help in identifying future applications in this market.
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About Us
Analytics Market Research is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.
Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. Analytics Market Research is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.
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