Revolutionizing the Road: Unleashing the Potential of Automotive Energy Recovery for a Sustainable Future

The global market for automotive energy recovery systems was valued at USD 22.4 billion in 2020 and is projected to reach USD 45.5 billion by 2032, growing at a CAGR of 7.4% from 2023 to 2032.

An automotive energy recovery system is a technology that uses lost energy to power the engine and battery, and improves engine efficiency by recirculating exhaust gases. Energy loss improves overall performance and minimizes vehicle greenhouse gas emissions. Most electric vehicles are equipped with regenerative braking systems, but turbocharging and exhaust gas recirculation are more common in diesel and gasoline vehicles. Such advances in automotive technology enable major market players to invest heavily in research and development to improve their technical know-how and product portfolios. For example, in April 2021, IHI Corporation and AVL LIST GmbH, the largest independent powertrain company, will develop electric turbochargers for fuel cell systems as conventional gasoline and diesel powered vehicles evolve into hybrid electric vehicles (HEVs). Signed a contract to invest in chargers. Battery electric vehicles (BEV) and fuel cell vehicles (FCV).

Alternative automotive technologies are essential to curb the increase in air pollution from vehicle exhaust. As a result, automotive giants such as Toyota, BMW, Ford, and Tesla have installed energy recovery systems in their vehicles to replace dwindling oil reserves, a key energy source that powers vehicles. In December 2019, BorgWarner released its latest modified AirWerks turbocharger with a convenient bolt-on design and high temperature resistant materials, giving customers an extra 85 horsepower to their 2011-2016 Ford F-150 trucks. to provide optimal performance. . In addition, the regenerative braking system "RBS" is a new braking technology in the automotive industry that can be used in both conventional and electric vehicles with benefits such as improved vehicle performance and reduced vehicle wear. Braking systems will also stimulate the market for boost energy recovery systems.

Factors such as stringent emission regulations and regulations for vehicles, increasing trend of engine downsizing, and stringent fuel consumption standards are expected to drive the growth of the automotive energy recovery system market. Moreover, increasing number of electric vehicles and EVSE infrastructure, as well as improved vehicle performance are expected to drive the market growth. However, increasing total cost and vehicle weight, as well as high repair and maintenance costs are slowing the market growth. In addition, technological advancements such as the introduction of waste energy recovery systems in motorcycles and tightening government rules and regulations are creating lucrative growth opportunities for market participants.

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Market Segmentation:
By Types
Regenerative Braking System
Turbocharger
Exhaust Gas Recirculation (EGR)

By Applications
Two-Wheelers
Passenger Cars
Commercial Vehicles

Following are Top Key players Covered in Report:
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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Regional Analysis:
1. North America: In North America, the automotive energy recovery market has witnessed significant growth. The United States and Canada are the major contributors to this market in the region. The increasing focus on environmental sustainability, government regulations promoting energy-efficient vehicles, and the presence of key automotive manufacturers are driving the market growth. Additionally, the growing demand for hybrid and electric vehicles in the region is fueling the adoption of energy recovery systems.

2. Europe: Europe is a prominent market for automotive energy recovery systems. Countries such as Germany, France, the United Kingdom, and Italy are leading contributors to the market growth. The stringent emission regulations, strong automotive industry, and rising demand for electric and hybrid vehicles are propelling the market in this region. Furthermore, the presence of major automotive OEMs and technological advancements in energy recovery systems are driving market expansion.

3. Asia Pacific: The Asia Pacific region is witnessing significant growth in the automotive energy recovery market. China, Japan, and South Korea are the major markets in this region. Factors such as the rapidly growing automotive industry, government initiatives to promote electric mobility, and increasing environmental concerns are driving the adoption of energy recovery systems. Moreover, the presence of a large consumer base, rising disposable income, and increasing urbanization are contributing to market growth in the region.

4. Latin America: Latin America is emerging as a potential market for automotive energy recovery systems. Countries such as Brazil and Mexico are witnessing increased adoption of energy recovery technologies in vehicles. The rising awareness about environmental sustainability, government regulations promoting energy-efficient vehicles, and the growth of the automotive industry are driving the market in this region.

5. Middle East and Africa: The Middle East and Africa region are also experiencing growth in the automotive energy recovery market. Countries like the United Arab Emirates and South Africa are witnessing increased adoption of energy recovery systems in vehicles. Factors such as the increasing focus on reducing carbon emissions, government initiatives promoting energy-efficient vehicles, and the growing demand for electric and hybrid vehicles are contributing to market growth in this region.

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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Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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