Automotive Energy Recovery System Market

Global Automotive Energy Recovery System Market Size (2024 to 2032)

The global automotive energy recovery systems market was valued at USD 19.12 billion in 2023 and is anticipated to reach USD 20.69 billion in 2024 from USD 38.86 billion by 2032, growing at a CAGR of 8.20% from 2024 to 2032.

MARKET OVERVIEW

The vehicle changes over 25-30% of its fuel vitality to move the vehicle, and the remainder of the vitality is squandered through the radiator and motor exhaust. An exhaust energy recovery framework is utilized to change the heat extricated from hot exhaust gases into electrical force. Vehicles create vitality while executing different functions. The vitality produced by the vehicles can be utilized to give extra capacity to the motor and other vehicle parts.

Energy recovery frameworks help change a generous measure of waste vitality and store and reuse it in another valuable structure for driving vehicle functions or giving an additional lift to the motor when required. For instance, a regenerative braking mechanism changes a portion of its motor energy into charging the battery of electric vehicles. The main aspects promoting the call for energy recovery systems in automobiles are increasing environment-friendly frameworks, increasing the need for improved vehicle performance, and establishing strict fuel economy norms in several nations.

MARKET DRIVERS

The global automotive energy recovery system market is driven by stringent vehicular outflow rules and guidelines, an increment in the pattern of motor downsizing, and stringent mileage gauges. Also, the ascending of various electrical vehicles and the EVSE framework and improved vehicle performance have fueled market development. Moreover, the rise in total expense & weight of vehicles and high repair & maintenance costs limit the growth of the market. Independent of these difficulties, an increase in worries about the environment and progression in innovation, for example, presenting waste vitality recuperation frameworks in bikes, are supposed to give different chances to new items and lift market development.

MARKET RESTRAINTS

In any case, high item cost is a main consideration limiting the development of the global vehicle energy recovery system market. Likewise, the accessibility of low-cost false frameworks is another factor estimated to challenge the development of the automobile energy recovery system market to a certain degree.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Automotive Energy Recovery System Market Analysis By Product Type

The regenerative braking system (RBS) market for passenger vehicles is developing at an outstanding rate in contrast with others, attributable to an increment in the number of electric vehicles in nations, for example, China, the U.S., and Japan.

Global Automotive Energy Recovery System Market Analysis By Vehicle Type

Passenger vehicles drive the vehicle energy recovery system market because of the increase in demand for such systems in these automobiles. China is at present the greatest market of electric vehicles, enrolling 210,000 new electric vehicles in the review period, trailed by the U.S.

REGIONAL ANALYSIS

In Europe, the vehicle energy recovery system market is developing at a higher rate, with a high penetration rate. The market in Europe is anticipated to enrol the quickest development regarding income, attributable to expanding implementation for items in commercial vehicles in rising economies in this area. The utilization of these frameworks is additionally developing fundamentally in the Asia-Pacific and RoW areas because of the expansion in customer buying power and their inclination for low-outflow vehicles. Japan, the U.S., France, and Brazil are anticipated to be the biggest markets for the vehicle energy recuperation frameworks. Developing nations, such as India, the Netherlands, and Mexico, are anticipated to record a high development rate from 2020 to 2025.

KEY PLAYERS IN THE GLOBAL AUTOMOTIVE ENERGY RECOVERY SYSTEM MARKET

The key players operating in the automotive energy recovery system market are BMW AG, Robert Bosch GmbH, Continental AG, Tenneco, GenTherm, Visteon Corporation, Daimler, Volkswagen, General Motors Company, Denso Corporation, Delphi Automotive PLC, Nippon Seiki Co., Ltd.

RECENT HAPPENINGS IN THE GLOBAL AUTOMOTIVE ENERGY RECOVERY SYSTEM MARKET

• The new Battery Cell Competence Center places us in a fortunate position. Taking the innovation as of now in the BMW i3 as a premise, by 2030 we will have the option to twofold the energy density of our battery cells—and consequently additionally the working scope of the vehicles for their clients.
• BMW presented its latest I Hydrogen NEXT idea vehicle. The changed-over X5 hybrid utility vehicle conveys a 170-torque (125 kilowatts) energy component that is enhanced by a little pinnacle power battery power pack to give a limit of 374 hp (275 kW) when required for increasing speed to deliver the degree of execution expected of a BMW
• German vehicle manufacturer BMW and heating frameworks producer Viessmann Group have collaborated to offer energy management arrangements and related counselling services. The two organizations have formed Digital Energy Solutions, which will offer energy management arrangements that length various orders including electro-mobility, electric force, cooling and warming.
• Tenneco will feature its most recent motor and exhaust framework arrangements that address mileage, performance, and discharge necessities for China and different markets.
• General Motors has indicated that Gentherm's ClimateSense microclimate thermal comfort framework essentially raises driving scope and energy reserve funds in electric vehicles.

DETAILED SEGMENTATION OF THE GLOBAL AUTOMOTIVE ENERGY RECOVERY SYSTEM MARKET INCLUDED IN THIS REPORT

This research report on the global automotive energy recovery system market is segmented and sub-segmented based on product type, vehicle type and region.

By Product Type

• Regenerative Braking System
  • Electric
  • Hydraulic
  • Others
• Turbocharger
  • Twin Turbocharger
  • Wastegate Turbocharger
  • Variable Geometry Turbocharger
• Exhaust Gas Recirculation (EGR)

By Vehicle Type

• Two-Wheelers
• Passenger Cars
• Commercial Vehicles

Regional Analysis

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa