Press release
Increasing Adoption of Electric Vehicle Drives Growth of Automotive Regenerative Braking Market
Automotive Regenerative Braking Market
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Regenerative braking is a revolutionary braking technology in the automobile industry that may be applied to both conventional and electric vehicles. A car's regenerative braking system may turn half of the heat energy generated during braking into electrical power. This electricity can be stored in batteries for later use or quickly transferred to the vehicle's power-hungry components. Additionally, the regenerative braking system is heavily utilized by electric automobiles. According to the International Energy Agency, (IEA), in 2024, there were about 14 million new electric vehicles registered globally in 2023. Sales of electric vehicles increased by 3.5 million over 2022, a 35.0% year-over-year rise. In 2023, about 18.0% of all automobiles sold were electric, up from 14.0% in 2022.
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Recent Development
In June 2023, ZF and Tevva, developed the regenerative braking system for its 7.5-ton battery-electric truck. Tevva offers four times more efficient and effective regenerative braking systems.
In May 2023, The MK 120 ESC brake system from Continental AG was introduced. The compact and efficient electronic brake system satisfies the requirements of automated driving and electrification with its over-the-air capabilities and cyber security measures. To ensure optimal security, these keys are made specifically for each product. The other car is safe even if the first one is compromised.
Market Coverage
• The market number available for - 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By System
o By Vehicle Type
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes AISIN Corp., Continental AG, DENSO Corp., Robert Bosch GmbH, and ZF Friedrichshafen AG among others.
Key questions addressed by the report.
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
Who is the leader in the market?
How are players addressing challenges to sustain growth?
Where is the investment opportunity?
Global Automotive Regenerative Braking Market Report Segment
By System
Electric
Hydraulics
Kinetic
By Vehicle Type
Passenger Vehicles
Commercial Vehicles
Reasons to Buying From us -
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/automotive-regenerative-braking-market
Media Contact:
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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