Automotive Energy Recovery System Market 2019
Market Overview
Automobiles create energy while executing several functions. This energy generated by automobiles can be further utilized for providing additional power to the engine and other auto parts. The vehicle converts about 25 to 30% of its fuel energy to move the vehicle, and the rest of the energy is wasted through the engine and radiator exhaust. In order to convert heat energy extracted from the hot exhaust gases into electrical power, the efficient exhaust energy recovery systems are utilized. Automotive energy recovery systems boost the energy optimization power of the automobile.
The following top manufacturers covered in this report
Robert Bosch GMBH
Continental AG
Autoliv Inc.
Hyundai Mobis
Honeywell International Inc.
Mitsubishi Heavy Industries, Ltd.
Cummins Inc.
Tenneco Inc.
Faurecia
BorgWarner Inc.
IHI Corporation
Rheinmetall Automotive AG
Hitachi Automotive Systems, Ltd.
Maxwell Technologies
Skleton Technologies
Request Free Sample Report @ https://www.wiseguyreports.com/sample-request/4439502-global-automotive-energy-recovery-system-market-professional-survey-report-2019
In this procedure, regenerative braking devices convert kinetic energy into electrical energy to decrease the vehicle speed. Electrochemical batteries/flywheels are utilized to collect and store the energy that was transformed through a regenerative braking system. The stored electrical energy is reused for other vehicle functionalities. In order to recover the energy, an efficient kinetic energy recovery system is utilized. The restored energy can be efficiently utilized later, during the vehicle acceleration. The global Automotive Energy Recovery System market accounted for US$14900 million in 2018 and is expected to reach US$80,000 million by 2025, developing at a CAGR of about 23.4% during the forecast period.
Advanced automotive energy recovery systems are attaining high traction globally, due to the operational benefits these systems offer to the automobile and consumers. Globally, in the last seven to ten years, the fuel rates have grown exponentially. The leading automotive equipment manufacturers are promoting their products by boosting fuel efficiency quotient. Globally, consumers are getting more inclined towards high-performance, cost-effective and fuel-efficient automobiles. Due to this factor, the demand for automotive energy recovery systems is expected to increase at a considerable rate. The governments of different regions, including the United States and Canada have enforced strict regulations and restrictions on toxic emissions. This factor is further expected to increase the demand for automotive energy recovery systems.
Market Segmentation
The global automotive energy recovery system market can be analyzed on the basis of product types, crucial applications, and regional markets.
Based on the product types, automotive energy recovery systems can be classified into-
Regenerative Braking System
Turbocharger
Exhaust Gas Recirculation (EGR)
Based on applications, the automotive energy recovery systems market can be segmented into-
Two-Wheelers
Passenger Cars
Commercial Vehicles
Automotive energy recovery systems can be used for major varieties of passenger vehicles, including electric vehicles, hybrid vehicles, and plug-in hybrid electric vehicles.
The surge in a number of EVSE infrastructure and electric vehicle, ongoing technical improvements to enhance vehicle efficiency, and rising consumer inclination towards fuel-efficient vehicles are expected to drive the market growth.
Regional Analysis
Geographically, North America, Europe, Asia Pacific, and Southeast Asia are the major regions contributing to the growth of the automotive energy recovery system market. Slow but stable economic development, growing numbers of automotive industries, strict government regulations/restrictions against shifting, shifting consumer preferences towards fuel-efficient vehicles, improved awareness regarding the advantages of automotive energy recovery systems, and ongoing innovation and advancement in existing system are some of the factors that are expected to fuel growth of automotive energy recovery market in Western Europe and North American region. Automotive industries operating in the Asia Pacific region are expected to increase the demand for efficient automotive energy recovery systems. As these systems enhance the efficiency and performance of vehicles, a large number of automotive industries are interested in adopting them.
Industry News
TVS, a leading automotive enterprise, announced the launch of advanced zero-emission connected electric motorcycle, which will be named as TVS F77. The electric bike, which is planned to be launched on 13 November 2019, will be enabled with efficient GPS fleet tracking, over-the-air (OTA) or wireless upgrades, remote diagnostics, regenerative braking system, multiple ride modes, ride analytics and monitoring. Similarly, Two-wheeler manufacturer Bajaj Auto recently announced the launch of its prime electric scooter, which will be named as Chetak Electric. The brand revealed that they are trying to manufacture meaningful niches with three-wheelers, electric scooters, and superbikes.
Complete Report Details @ https://www.wiseguyreports.com/reports/4439502-global-automotive-energy-recovery-system-market-professional-survey-report-2019
Media Contact
Company Name: Wiseguyreports.com
Contact Person: Norah Trent
Email: Send Email
Phone: +1 646 845 9349, +44 208 133 9349
City: Pune
State: Maharashtra
Country: India
Website: https://www.wiseguyreports.com/