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Global Automotive Regenerative Braking Market 2024-2033: Trends, Growth & Forecast Analysis |2024 To 2033 Key Players Aisin Seiki Co. Ltd., Continental AG, Hyundai Mobis Co. Ltd., Mazda Motor Corporation,
The Business Research Company recently released a comprehensive report on the Global Automotive Regenerative Braking Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
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According to The Business Research Company's, The automotive regenerative braking market size has grown rapidly in recent years. It will grow from $5.64 billion in 2023 to $6.64 billion in 2024 at a compound annual growth rate (CAGR) of 17.8%. The growth in the historic period can be attributed to environmental awareness, hybrid and electric vehicle adoption, government regulations on fuel efficiency, automotive industry competitiveness, increased popularity of regenerative braking in motorsports.
The automotive regenerative braking market size is expected to see rapid growth in the next few years. It will grow to $12.1 billion in 2028 at a compound annual growth rate (CAGR) of 16.2%. The growth in the forecast period can be attributed to increased electric vehicle market, stricter emission standards, advancements in energy recovery systems, autonomous vehicle integration, consumer demand for sustainable technologies. Major trends in the forecast period include technological advancements in brake systems, integration of regenerative braking in conventional vehicles, development of lightweight materials for brake systems, continuous improvement in energy conversion efficiency, collaboration between automakers and technology suppliers
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Market Drivers and Trends:
The increase in sales of electric vehicles across the globe is contributing to the growth of the automotive regenerative braking market. A regenerative braking system is found in both electric vehicles and plug-in hybrid electric vehicles and recharges the battery during braking. This technology is used in electric vehicles to mitigate energy loss during braking. The increase in the acquisition of electric vehicles by customers across the globe is expected to increase the demand for new and innovative regenerative braking systems. For example, in July 2023, according to International Energy Agency (IEA), a France-based provider of policy recommendations, analysis and data on the entire global energy sector, over 2.3 million electric cars were sold in the first quarter of 2023, about 25% more than in the same period last year. Under the IEA Stated Policies Scenario (STEPS), the global outlook for the share of electric car sales based on existing policies and firm objectives has increased to 35% in 2030, up from less than 25% in the previous outlook. Therefore, an increase in sales of electric vehicles across the globe is expected to boost the automotive regenerative braking market during the forecast period.
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Aisin Seiki Co. Ltd., Continental AG, Hyundai Mobis Co. Ltd., Mazda Motor Corporation, Toyota Motor Corporation, Robert Bosch GmbH, Denso Corporation, ZF Friedrichshafen AG, BorgWarner Inc., Porsche Automobil Holding SE, Advics Co. Ltd., Faurecia SA, Maxwell Technologies Inc., Eaton Corporation plc, Delphi Automotive plc, Magna International Inc., Punch Powertrain NV, Adgero SAS, Skeleton Technologies Group OU, Autoliv Nissin Brake Systems Co. Ltd., Magneti Marelli SpA, Bell Intercoolers Inc., Rad Co. Ltd., Valeo SA, Spectra Premium Industries Inc., Conflux Technology Pty Ltd., Zhejiang VIE Science & Technology Co Ltd., Federal-Mogul LLC, Akebono Brake Industry Co Ltd., Nisshinbo Brake Inc., Hitachi Automotive Systems Ltd.
Automotive Regenerative Braking Market 2024 Key Insights:
• The automotive regenerative braking market size is expected to see rapid growth in the next few years. It will grow to $12.1 billion in 2028 at a compound annual growth rate (CAGR) of 16.2%.
• Surge In Electric Vehicle Sales And Its Impact On The Automotive Regenerative Braking Market
• Technological Advancements Shaping The Future Of Automotive Regenerative Braking Systems
• North America was the largest region in the automotive regenerative braking market in 2023
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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