Exhaust Heat Recovery System Market Graph: Growth, Share, Value, Size, Insights, Industry Analsis and Forecast by 2028

"Exhaust Heat Recovery System Market Size And Forecast by 2028

Data Bridge Market Research analyses that the Global Exhaust Heat Recovery System Market which was USD 41.73 Million in 2020 is expected to reach USD 103.7 Billion by 2028 and is expected to undergo a CAGR of 12.06% during the forecast period of 2020 to 2028

Explore Further Details about This Research Exhaust Heat Recovery System Market Report https://www.databridgemarketresearch.com/reports/global-exhaust-heat-recovery-system-market

 Which are the top companies operating in the Exhaust Heat Recovery System Market?

The Top 10 Companies in Exhaust Heat Recovery System Market include leading industry players that have established a strong presence through innovation, quality products, and strategic partnerships. These companies dominate the market by leveraging advanced technologies, extensive distribution networks, and a deep understanding of consumer needs. Their market leadership is often driven by significant investments in research and development, as well as their ability to adapt to changing market trends and consumer demands.

 **Segments**

- **By Technology**
- Thermoelectric Generator
- Turbocharger
- Rankine Cycle System
- Organic Rankine Cycle System
- Others

- **By Vehicle Type**
- Passenger Cars
- Commercial Vehicles

- **By End-User**
- Automotive
- Aerospace
- Industrial
- Others

- **By Region**
- North America
- Europe
- Asia-Pacific
- South America
- Middle East and Africa

**Market Players**

- Faurecia
- Denso Corporation
- Robert Bosch GmbH
- Continental AG
- Valeo
- BorgWarner Inc.
- Mitsubishi Electric Corporation
- MAHLE GmbH
- Calsonic Kansei Corporation
- Dana Limited

The global exhaust heat recovery system market is segmented based on technology, vehicle type, end-user, and region. By technology, the market is divided into thermoelectric generator, turbocharger, Rankine cycle system, organic Rankine cycle system, and others. The thermoelectric generator segment is expected to witness significant growth due to its efficiency in converting heat into electricity. Vehicle type segmentation includes passenger cars and commercial vehicles. The commercial vehicle segment is projected to grow at a higher rate as the adoption of exhaust heat recovery systems in heavy-duty vehicles increases to meet stringent emission regulations. End-user segmentation covers automotive, aerospace, industrial, and others. The automotive sector is dominating the market, driven by the rising demand for fuel-efficient vehicles. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, South America, and the Middle East and Africa.

Leading market players in the exhaust heat recovery system market include Faurecia, Denso Corporation, Robert Bosch GmbH, Continental AG, Valeo, BorgWarner Inc., Mitsubishi Electric Corporation, MAHLE GmbH, Calsonic Kansei Corporation, and Dana Limited. These companies are focusing on research and development activities to introduce advanced technologies and cater to the evolving needs of the automotive and industrial sectors. Collaborations, partnerships, and acquisitions are common strategies adopted by these players to strengthen their market presence and expand their product portfolios. The competitive landscape of the market is intense, with key players striving to gain a competitive edge through technological innovations and product differentiation.

The global exhaust heat recovery system market is witnessing significant growth propelled by advancements in technology and the increasing focus on energy efficiency across various industries. One key trend shaping the market is the growing adoption of organic Rankine cycle systems, which are known for their high efficiency in converting waste heat into usable energy. This technology offers sustainable solutions for businesses looking to reduce their carbon footprint and operating costs simultaneously. The rise in demand for passenger cars equipped with exhaust heat recovery systems is attributed to stringent emission regulations and the consumer shift towards eco-friendly vehicles.

In terms of vehicle type, commercial vehicles are expected to drive substantial growth in the market due to the high energy demands of heavy-duty vehicles and the need to comply with stringent emission standards. The automotive sector remains a dominant end-user of exhaust heat recovery systems, fueled by the automotive industry's continuous efforts to enhance vehicle efficiency and reduce greenhouse gas emissions. Besides automotive and transportation, the aerospace and industrial sectors are also increasingly adopting exhaust heat recovery systems to improve overall system efficiency and reduce energy consumption.

The regional analysis of the exhaust heat recovery system market highlights the significance of Asia-Pacific as a key growth region, attributed to the rapid industrialization, infrastructure development, and increasing automotive production in countries like China, India, and Japan. North America and Europe are also prominent markets for exhaust heat recovery systems, driven by stringent environmental regulations and the strong presence of key market players in these regions. South America and the Middle East and Africa are emerging markets with growing opportunities for market expansion due to increasing awareness about energy conservation and sustainability.

Key market players such as Faurecia, Denso Corporation, Robert Bosch GmbH, and Continental AG are investing heavily in research and development activities to introduce innovative exhaust heat recovery technologies and gain a competitive advantage in the market. Partnerships, collaborations, and strategic acquisitions are crucial strategies adopted by these companies to enhance their market presence and expand their product offerings. Overall, the global exhaust heat recovery system market is poised for significant growth driven by technological advancements, increasing environmental concerns, and the shift towards sustainable energy solutions across various industries.**Segments**

Global Exhaust Heat Recovery System Market, By Type (Exhaust Gas Heat Recovery (EGHR), Rankine Cycle Systems, Thermoelectric Generator and Electric Turbo Compounding (ETC)), Technology (EGR, Turbocharger, ORC, and TEG), Component (EGR Valve and Cooler, Compressor, Turbine, Evaporator, Condenser and TEG Module), Energy Source (Fuel and Electric), Vehicle (Passenger, Light Commercial Vehicles, Heavy Commercial Vehicles and Electric Vehicles), Sales Channel (OEM and Aftermarket), Country (U.S., Canada, Mexico, Peru, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Kuwait, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2028

- The global exhaust heat recovery system market encompasses diverse types such as EGHR, Rankine Cycle Systems, Thermoelectric Generator, and Electric Turbo Compounding.
- Various technologies like EGR, Turbocharger, ORC, and TEG are used in these systems.
- Components include EGR Valve and Cooler, Compressor, Turbine, Evaporator, Condenser, and TEG Module.
- Energy sources for these systems can be fuel-based or electric.
- Different vehicles such as Passenger, Light Commercial Vehicles, Heavy Commercial Vehicles, and Electric Vehicles utilize these heat recovery systems.
- Sales channels for these systems include both OEM and aftermarket options.
- The market spans across several countries in regions like North America, Europe, Asia-Pacific, Middle East and Africa, and South America, each exhibiting specific industry trends and forecasts.

**Market Players**

- The major players in the exhaust heat recovery system market are BorgWarner Inc., Continental AG, Faurecia, DENSO CORPORATION, MAHLE GmbH, Aptiv, Robert Bosch GmbH, Bosal, Cummins Inc., Tenneco Inc., Autoliv Inc., IHI Corporation, ABB, Alstom, Econotherm (UK) LTD, Thermax Limited, Ormat, Siemens, GENERAL ELECTRIC, and MITSUBISHI HEAVY INDUSTRIES, LTD.
- Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East, and Africa (MEA), and South America separately, with DBMR analysts providing competitive analysis for each competitor individually.

The exhaust heat recovery system market is witnessing substantial growth due to advancements in technology and the increasing emphasis on energy efficiency. A notable trend is the rising adoption of organic Rankine cycle systems known for their efficiency in converting waste heat into usable energy, offering sustainable solutions for businesses aiming to reduce carbon footprint and operational costs. The shift towards eco-friendly vehicles is propelling the demand for passenger cars equipped with exhaust heat recovery systems, driven by stringent emission standards and consumer preferences.

Commercial vehicles are expected to be a significant market driver, especially for heavy-duty vehicles necessitated by high energy demands and compliance with emission regulations. The automotive sector, a key end-user, is leading the adoption of exhaust heat recovery systems to enhance vehicle efficiency and reduce greenhouse gas emissions. Aerospace and industrial sectors are also increasingly integrating these systems to enhance overall system efficiency and reduce energy consumption.

Asia-Pacific stands out as a key growth region in the exhaust heat recovery system market due to rapid industrialization and automotive production growth in countries like China, India, and Japan. North America and Europe remain influential markets with stringent environmental regulations and a strong presence of market players. South America and the Middle East and Africa present emerging opportunities driven by a growing focus on energy conservation and sustainability. Leading market players are investing in R&D for innovative technologies, strategic partnerships, and acquisitions to enhance their market positions and offerings. Overall, the global exhaust heat recovery system market is poised for significant growth driven by technological advancements and a shift towards sustainable energy solutions across industries.

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