Press release
Automotive Regenerative Braking System Market Exploring the Growth to Reach $23.18 billion by 2030 | Maxwell Technologies, ADVICS CO. LTD
Automotive Regenerative Braking System Market
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/request-sample/1679
The automotive regenerative braking system is a kinetic energy recovery system employed in energy-saving vehicles that recovers the energy lost during braking and then uses this energy to recharge the battery of vehicle. The amount of recoverable energy depends upon vehicle speed & stopping pattern. Furthermore, 5%-10% of transmitted energy can be saved by using a regenerative braking system. Presently, energy recovery systems in vehicles are used in passenger as well as commercial vehicles to improve fuel economy & reduce vehicular emissions. As a result, the need for regenerative braking system market has evolved to develop a better fuel economy, gaining significant growth in the global automotive industry.
๐๐ซ๐จ๐ฆ๐ข๐ง๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
๐๐ ๐ ๐ซ๐ข๐๐๐ซ๐ข๐๐ก๐ฌ๐ก๐๐๐๐ง ๐๐, ๐๐๐๐๐๐ ๐๐. ๐๐๐, ๐๐๐๐๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง, ๐๐๐ฑ๐ฐ๐๐ฅ๐ฅ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐ฌ, ๐๐๐ณ๐๐ ๐๐จ๐ญ๐จ๐ซ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง, ๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐๐๐, ๐ซ๐จ๐๐๐ซ๐ญ ๐๐จ๐ฌ๐๐ก ๐ ๐ฆ๐๐ก, ๐๐ฒ๐ฎ๐ง๐๐๐ข ๐๐จ๐๐ข๐ฌ ๐๐จ ๐๐ญ๐, ๐๐จ๐ง๐ญ๐ข๐ง๐๐ง๐ญ๐๐ฅ ๐๐, ๐๐๐ฎ๐ซ๐๐๐ข๐
On the basis of system, the electric segment would showcase the highest CAGR of 16.9% during the forecast period. In addition, the segment held the largest share in 2020, contributing to nearly three-fourths of the market. The report includes analysis of the hydraulics and other segments.
The automotive regenerative braking system market is categorized on the basis of system, vehicle type, propulsion type, and region. Depending on the system, it is categorized into electric, hydraulics, and others. According to vehicle type, it is segmented into two-wheeler, passenger car, and commercial vehicle. As per propulsion type, the market has been classified into BEV, HEV, and PHEV. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/automotive-regenerative-braking-system-market/purchase-options
Factors such as stringent vehicular emission norms & regulations and rise in the number of electric vehicles & EV infrastructure are expected to drive the growth of the automotive regenerative braking system market. However, factors such as increase in overall cost & weight of vehicles and high repair & maintenance costs hinder the market growth. Moreover, technological advancement in the two-wheeler-based regenerative braking system and the adoption of the regenerative braking system in heavy vehicles is expected to provide ample opportunities for the growth of the market across the globe.
The global automotive regenerative braking system market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific dominated in 2020 in terms of revenue, holding nearly half of the market. However, Europe is expected to manifest the highest CAGR of 17.8% from 2021 to 2030.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/1679
In addition, the automotive regenerative braking system market has witnessed significant growth in recent years, owing to adoption of regenerative braking system in every automobile, increase in sales of electric cars, and proliferation of component manufacturers in Asia-Pacific. Asia-Pacific held over 75% of the market revenue share in 2020, which was driven by multiple electric vehicle manufacturers, including Toyota, SAIC, BAIC, and Mitsubishi Motors Corporation & Honda Motor Co., Ltd. Furthermore, industry participants expand their production facilities in India, Japan, and China to serve a more extensive consumer base.
๐๐๐ ๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐
By system, the electric segment is expected to register a significant growth during the forecast period.
Depending on vehicle type, the commercial vehicle segment is anticipated to exhibit significant growth in the near future.
On the basis of propulsion type, the BEV segment is projected to lead the global automotive regenerative braking system market owing to higher CAGR.
Europe is anticipated to register the highest CAGR.
๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐ฆ๐จ๐ซ๐ ๐ซ๐๐ฅ๐๐ญ๐๐ ๐ฌ๐ญ๐ฎ๐๐ข๐๐ฌ ๐ฉ๐ฎ๐๐ฅ๐ข๐ฌ๐ก๐๐ ๐๐ฒ ๐๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Automotive Trailer Market - https://www.alliedmarketresearch.com/automotive-trailer-market
Automotive Chassis System Market - https://www.alliedmarketresearch.com/automotive-chassis-systems-market
Automotive Advanced High Strength Steel (AHSS) Market - https://www.alliedmarketresearch.com/automotive-advanced-high-strength-steel-market-A06032
Automotive LiDAR Market - https://www.alliedmarketresearch.com/automotive-lidar-market
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