Press release
Key Driver Reshaping the Automotive Energy Recovery System Market Share in 2025: Electric and Hybrid Vehicle Surge Fuels Automotive Energy Recovery System Market Share Growth
Automotive Energy Recovery System Market Share
The market size for automotive energy recovery systems has seen a significant boost in the recent past. The market, which was valued at $21.99 billion in 2024, is projected to reach $24.15 billion in 2025, representing a compound annual growth rate (CAGR) of 9.8%. Factors such as the surge in urban mobility solutions, increasing smart city programs, the rise of electrified heavy-duty vehicles, expanded electric vehicle charging infrastructure, and the growth of advanced driver assistance systems have all contributed to the rapid growth experienced during the historical period.
Expectations suggest robust growth in the automotive energy recovery system market in the coming years. The market is predicted to expand to $34.86 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 9.6%. The escalation during the forecast period is likely due to increasing fuel costs, a rise in vehicle manufacturing, a greater focus on carbon footprint reduction, escalating climate change worries, and a surge in the demand for electric cars. The projected period will also witness key market trends including technological progress, hybrid energy storage systems, intelligent energy management systems, wireless energy transfer, and smart grid integration.
What Are the Main Catalysts for Growth in the Automotive Energy Recovery System Market?
The surge in the need for electric and hybrid vehicles is predicted to accelerate the development of the automotive energy recovery system market. Electric vehicles are those that solely operate on electricity from batteries, while hybrid vehicles employ both an internal combustion engine and electric motors to maximize fuel efficiency and minimize emissions. The interest in electric and hybrid vehicles springs from improvements in battery technology, increasing environmental consciousness, government incentives, and the rising need for transport solutions that are fuel-efficient and low on emissions. Automotive energy recovery systems in electric and hybrid vehicles harness and recycle energy generated from braking and other actions, thus improving efficiency, lengthening range, and lowering overall energy usage. For example, the International Energy Agency, a France-based intergovernmental organization reported in March 2023 that in 2022, electric car sales skyrocketed, exceeding 10 million and comprising around 14% of all new car sales, a significant increase from over 9% in 2021. As a result, the escalating demand for electric and hybrid vehicles is fuelling the expansion of the automotive energy recovery system market.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=20503&type=smp
Which Businesses Are at the Forefront of Automotive Energy Recovery System Market Development?
Major companies operating in the automotive energy recovery system market are Toyota Motor Corporation, General Motors Company, BMW Group, Robert Bosch GmbH, Hitachi Automotive Systems Ltd., Nissan Motor Co. Ltd., Audi AG, Panasonic Corporation, Denso Corporation, ZF Friedrichshafen AG, Continental AG, Hyundai Precision & Industries Corporation, Magna International Inc., Mitsubishi Electric Corporation, Honeywell International Inc., Aisin Seiki Co. Ltd., Cummins Inc., Valeo SA, Schaeffler AG, Parker Hannifin Corporation, BorgWarner Inc., GKN Automotive Ltd., Delphi Technologies Inc
Which Businesses Are at the Forefront of Albuminar-5 Market Development?
Key players in the automotive energy recovery system market are prioritizing the creation of inventive products like energy recovery systems. These systems utilize the heat generated by batteries, power electronics, and other driving components to improve the efficiency, performance, and range of electric vehicles. Energy recovery systems that harness the heat produced by batteries, power electronics, and other driving parts are essentially a thermal management system or a waste heat recovery system (WHRS) specifically tailored for electric and hybrid vehicles. This system absorbs and repurposes the heat generated by various parts to augment the total efficiency of the vehicle. For example, General Motors, a well-known automobile manufacturer from the US, unveiled an innovative energy recovery system for the Ultium electric vehicle platform in April 2022. This cutting-edge system employs advanced regenerative braking technology, effectively transforming kinetic energy into electrical power during braking, thus extending the vehicle's range. It contains an advanced thermal management system for efficiently managing and dissipating heat produced during the energy recovery process. The system is fully integrated with GM's energy management approach, guaranteeing symmetrical power distribution between the electric motor and regenerative braking to optimize efficiency.
How Is the Automotive Energy Recovery System Market Segmented?
The automotive energy recovery system market covered in this report is segmented -
1) By Subsystem: Turbocharger, Exhaust Gas Recirculation, Regenerative Braking System
2) By Propulsion: Internal Combustion Engine (ICE), Electric
3) By Key Technology: Camera, Fusion, Light Detection And Ranging (LiDAR), Radio Detection And Ranging (Radar)
4) By Vehicle: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
Subsegments:
1) By Turbocharger: Single Turbocharger, Twin Turbocharger, Variable Geometry Turbocharger (VGT)
2) By Exhaust Gas Recirculation (EGR): Low-Pressure EGR, High-Pressure EGR, EGR Coolers
3) By Regenerative Braking System: Kinetic Energy Recovery Systems (KERS), Electric Regenerative Braking Systems, Hydraulic Regenerative Braking Systems
Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/automotive-energy-recovery-system-global-market-report
Where Is the Automotive Energy Recovery System Market Growth Most Prominent?
Asia-Pacific was the largest region in the automotive energy recovery system market in 2024. The regions covered in the automotive energy recovery system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Automotive Energy Recovery System Global Market Report?
- Market Size Analysis: Analyze the automotive energy recovery system Market Size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the automotive energy recovery system market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall automotive energy recovery system market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the automotive energy recovery system market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=20503
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Key Driver Reshaping the Automotive Energy Recovery System Market Share in 2025: Electric and Hybrid Vehicle Surge Fuels Automotive Energy Recovery System Market Share Growth here
News-ID: 3873417 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Automotive
Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030.
Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal…
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of…
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected…
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident.
In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global…
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business.
Get Sample Copy of this Report for more Information…
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of…
