Automotive Energy Harvesting and Regeneration Market: Advanced technologies & growth opportunities in global Industry by 2025

Energy harvesting or power harvesting is the procedure by which energy is obtained from external sources such as thermal energy, solar power, and wind energy, captured and stored for use when needed. Energy harvesting and regeneration in the automotive industry is characteristically used for electric vehicles. However, conventional vehicles have started combining regenerative braking systems as well to gather kinetic energy and store it for future use.

Some electric vehicles that principally harvest kinetic energy redevelop it through various activities such as braking. Some of the other vehicles use energy harvesting and regeneration methods to fuel autonomous wireless devices as well as energy harvesting devices by transforming ambient energy into electrical energy. The devices primarily convert motion such as that of waves into electricity. The energy is stored in batteries and capacitors after it is harvested.

The wide possibilities that are existent in the energy harvesting regeneration market are set to be responsible for several innovation projects being considered currently. Further, embedding several forms of energy garnering into a single vehicle is expected to drive the growth of the global automotive energy harvesting and regeneration market, since this technique can be installed in all forms of vehicles. This along with rise in regulatory framework incorporating the use of eco-friendly forms of energy for the automotive industry is set to impact the market positively.

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Innovation is another factor that is encouraging the growth of the global automotive energy harvesting and regeneration market. For instance, ZF TRW, one of the key players in the industry, has familiarized IBS or integrated braking system and has assured that the system is accessible from sport utility vehicles (SUVs) to A-segment vehicles. This system is a vacuum free technology that streamlines the brake system architecture and enhances its performance. The IBC system characterizes the future of braking and follows the global industry trends of CO2 safety and efficacy. IBC supports integrate regenerative braking technology and all powertrain configurations for electric and hybrid vehicles. Environment dangers caused due to emission of harmful gases by conventional vehicles has encouraged the need to cultivate environment friendly replacements.

The global automotive energy harvesting and regeneration market can be segmented by type, application, and region. By type, the market can be segregated into solar energy, kinetic energy, thermal energy, and others. Kinetic energy segment held a substantial market share in the global automotive energy harvesting and regeneration market owing to its extensive applications.

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However, solar energy is likely to gain a significant momentum during the forecast period. Shifting preference towards the use of solar energy as well as technological advancements in this sector is set to drive the growth of this segment in the coming years. By application, the automotive energy harvesting and regeneration market can be segmented into pure electric, hybrid vehicles, and others. Pure electric vehicles segment held a prominent market share in the market owing to the widespread usage of energy harvesting and regeneration in these types of vehicles. Moreover, regulatory norms mandate the use of renewable energy sources in electric vehicles and this has further strengthened the market.

By region, the global automotive energy harvesting and regeneration market can be classified into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America is likely to dominate the global market owing to a significant increase in vehicle production, progress in science and technology in the field of energy harvesting and regeneration along with the presence of large number of leading industry players in this region. Asia Pacific market is likely to offer a significant growth prospect to the automotive energy harvesting and regeneration market due to favorable government regulations and increasing investment in the region.

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