Automotive Energy Recovery Systems Market by Vehicle Type, Key Technology, Operating Speed, Application, Level of Automation Driving, Component Forecast to 2030
Overview
Automotive Energy Recovery Systems Market size is expected to reach USD 346.39 Mn. by 2030, at a CAGR of 8.52 % during the forecast period.
Energy recovery systems assist in changing a substantial amount of waste energy and store and reuse in another useful form for driving vehicle functions or giving the extra boost to the engine when required. For example, a regenerative braking system changes some of its kinetic energy into charging the battery of electric vehicles. The major factors driving the demand for Automotive Energy Recovery Systems Market are eco-friendly systems, an expedition for improved vehicle performance, and strict fuel economy standards.
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Progressively strict government rules for emission and performance in the passenger car segment in various regions such as Europe and Asia-Pacific, mainly in China, India, and Japan is projected to increase as well. This, in turn, is projected to drive the automotive energy recovery systems market. Supportable growth in the market will largely depend upon the upcoming rules in various countries. In the future, these systems are to become compulsory in developed countries providing more growth opportunities for the market.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
The objective of the report is to present comprehensive Automotive Energy Recovery Systems Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language.
The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The report also helps in understanding Automotive Energy Recovery Systems Market North America for Asia Pacific dynamics, structure by analyzing the market segments, and project the market North America for Asia Pacific size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the market North America for Asia Pacific make the report investor’s guide.
Automotive Energy Recovery Systems Market Scope: Inquire before buying
| Automotive Energy Recovery Systems Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | USD 195.43 Mn. |
| Forecast Period 2024 to 2030 CAGR: | 8.52 % | Market Size in 2030: | USD 346.39 Mn. |
| Segments Covered: | by Vehicle Type | PV CV |
|
| by Key Technology | Camera Fusion LiDAR Radar |
||
| by Operating Speed | High Speed-Inter Urban AEB Systems Low Speed-City AEB Systems Pedestrian-VRU (Vulnerable Road Users) AEB Systems |
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| by Application | Forward Emergency Braking Reverse Emergency Braking Multi-directional Braking |
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| by Level of Automation Driving | Autonomous Passenger Car Semi-Autonomous Passenger Car |
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| by Component | Actuators Audible Buzzers Controllers Sensors Visual Indicators |
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Automotive Energy Recovery Systems Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players:
1. BMW AG
2. Robert Bosch GmbH
3. Continental AG
4. Tenneco
5. GenTherm
6. Visteon Corporation
7. Continental
8. Daimler
9. Volkswagen
10.General Motors Company
11.Denso Corporation
12.Delphi Automotive PLC
13.Nippon Seiki Co., Ltd
14.Denso Corporation
15.Continental
16.Daimler
Frequently Asked Questions:
1. Which region has the largest share in Global Automotive Energy Recovery Systems Market?
Ans: North-America region held the highest share in 2023.
2. What is the growth rate of Global Automotive Energy Recovery Systems Market?
Ans: The Global market is growing at a CAGR of 8.52% during forecasting period 2024-2030.
3. What is scope of the Global market report?
Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Automotive Energy Recovery Systems market?
Ans: The important key players in the Global market are – BMW AG, Robert Bosch GmbH, Continental AG, Tenneco, GenTherm, Visteon Corporation, Continental, Daimler, Volkswagen, General Motors Company, Denso Corporation, Delphi Automotive PLC, Nippon Seiki Co., Ltd, Denso Corporation, Continental, Daimler, and Volkswagen
5. What is the study period of this market?
Ans: The Global Automotive Energy Recovery Systems Market is studied from 2023 to 2030.