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Automotive Energy Harvesting And Regeneration Market Size, Share & Industry Analysis, By Type ( Turbocharger, Regenerative Braking System , Exhaust Gas Recirculation (EGR) System ), By Application Type ( Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, Hybrid Electric Vehicle ) and regional Forecast, 2024-2032

Region :Global | Report ID: FBI104097 | Status : Ongoing

 

KEY MARKET INSIGHTS

Automotive energy harvesting and regeneration refers to the process that involves extracting and storing energies from external sources such as solar power, thermal energy, kinetic energy, or wind energy in order to power the vehicle or improve its overall energy efficiency. The energy generated is stored in batteries and capacitors for supporting the operations of the vehicles and reducing the fuel consumption. In simple terms, it converts the kinetic energy into electric energy. The prominent automotive companies are investing a high percentage on research and development to gain a competitive advantage over other industry players. Moreover, owing to the deterioration of natural resources, the aim of clean environment has compelled the manufacturers to adopt advanced technologies. The increasing stringency in fuel emission regulations in order to reduce the carbon footprints as well as enhance the efficiency of the fuel and emissions is influencing the growth of the automotive energy harvesting and regeneration market. It also emphases on reducing the greenhouse emissions and thus promote development of advanced technologies to increase the dependence on renewable energy sources. This in turn is creating high opportunities for the growth of automotive energy harvesting and regeneration in the global market.


Market Segmentation:


Globally, the automotive energy harvesting and regeneration market is segmented by type, by application type, and by geographic coverage. Based on type, the market is further segmented into turbocharger, regenerative braking system, and exhaust gas recirculation (EGR) system. The regenerative braking system holds the major share in the global market owing to its wide application in hybrid electric vehicles. Regenerative braking systems are designed to recover, store and reuse the energy generated by braking to improve fuel efficiency and expand the driving range of electric and hybrid electric vehicles. The regenerative braking system reduces the speed of a moving vehicle by converting the kinetic energy into another form of energy that can be either used immediately or stored for later use. Energy storage media include ultra-capacitors, hydraulic accumulators, electric batteries, and flywheels. The application type is further segmented into battery electric vehicles, plug-in hybrid electric vehicles, and hybrid electric vehicles. The hybrid electric vehicles accounts for the largest share in the global market in terms of volume and revenue. The hybrid electric vehicles have gained popularity in the global market as it provides combine advantages of gasoline engines and electric motors that can be configured meet various requirements such as increased power, improved fuel efficiency, and supplementary power for sourcing electronic devices and electric tools. The problem of crude oil depletion is increasing the inclination towards alternative fuel and electric energy source which is driving the growth of the automotive energy harvesting and regeneration in the global market.

Key Market Driver -

Increasing demand for electric vehicles is expected to drive the growth of the market in the forecast period.

Key Market Restraint -

Lack of awareness and high cost of electric vehicles may hinder the growth of the market during the forecast period.


Key Players:


Major players operating in the global automotive energy harvesting and regeneration market include Ricardo PLC, Robert Bosch GmbH, Torotrak PLC, Denso Corporation, Continental AG, Faurecia SA, Delphi Automotive PLC, Ricardo PLC, Tenneco Inc., and Gentherm Incorporated among others.

Key Insights 



  • New Advancements in automotive energy harvesting and regeneration

  • Number of Products, Key Countries, 2019

  • New Product Launches, Key Players


Regional Analysis:


Geographically, the automotive energy harvesting and regeneration market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Europe holds the major share in the global market owing to the presence of prominent automotive companies in European countries including Germany, France, United Kingdom, and Italy. Also, the high demand for luxury vehicles coupled with the rapid advancement in technologies thus provides a significant scope for the expansion of the automotive energy harvesting and regeneration market. Asia Pacific market is expected to grow rapidly in the coming years owing to the rapid adoption and development of advanced technology in the automotive sector and increasing inclination towards electric vehicles in order to reduce the fuel emission problems in the region. Moreover, the increasing urbanization, improvement in the living standards as well as rise in the income level of people is encouraging individuals to own technologically advanced fuel efficient and high performance vehicles which is thus creating high growth opportunities for the automotive energy harvesting and regeneration market in this region.

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Segmentation






















ATTRIBUTES    

DETAILS        

By Type



  • Turbocharger

  • Regenerative Braking System

  • Exhaust Gas Recirculation (EGR) System



By Application Type



  • Battery Electric Vehicle

  • Plug-in Hybrid Electric Vehicle

  • Hybrid Electric Vehicle



By Geography



  • North America (USA, Canada, and Mexico)

  • Europe (Germany, France, U.K., and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)

  • Rest of the World






  • Ongoing
  • 2023
  • 2019-2022

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