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Europe Automotive Energy Recovery System Market Size, Share & COVID-19 Impact Analysis, By Subsystem (Turbocharger, Exhaust Gas Recirculation (EGR), and Regenerative Braking System), By Propulsion (ICE and Electric), By Vehicle (Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles), and Regional Forecast, 2023– 2030

Last Updated: June 24, 2024 | Format: PDF | Report ID: FBI108027

 

KEY MARKET INSIGHTS

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Europe holds a certain share in the global automotive energy recovery system market. Europe automotive energy recovery system market size is projected to grow at a CAGR of 5.3% during the forecast period. Global market size is projected to grow from USD 17.12 billion in 2022 to USD 29.60 billion by 2030.


Several major automotive manufacturers in the region are constantly focusing on the development of new and advanced technology that will help in the growth of the automotive industry. For instance, in November 2021, Continental AG launched a new regenerative braking system named – MK C2. It is designed to install in a compact and lighter vehicle, providing high performance and increasing the range of electric vehicles, which can benefit automated driving. The demand for energy-efficient vehicles to cater to the zero-emission goals of the European Union drives the demand for this market in the region.


Our report on the European market covers the following countries/regions – Germany, U.K., France, and Rest of the Europe.


LATEST TRENDS


Focus on Sustainability Augments the Market Growth in Europe


Many European companies are focusing on sustainability and implementing sustainability strategies, such as reducing their carbon footprint. Energy recovery systems can help companies achieve their sustainability goals by reducing emissions and improving fuel efficiency. Therefore, companies in this industry are focused on the development of technologies such as regenerative, turbocharger, and exhaust gas recirculation (EGR) to contribute toward the goal of a sustainable future, thus fueling Europe automotive energy recovery system market growth during the forecast period.


DRIVING FACTORS


Strict Vehicular Emission Rules and Standards Drive the Market


In January 2020, the European Commission announced that Regulation (EU) 2019/631 was put into force, setting CO2 emission performance standards for new passenger and commercial vehicles. With the help of this, the average CO2 emissions from passenger cars registered in Europe decreased by 12%.


New proposals were introduced in July 2021.


However, these standards for passenger cars and commercial vehicles have forced automotive manufacturers in the region to develop energy-efficient systems, including automotive energy recovery systems. This drives market growth in Europe.


RESTRAINING FACTORS


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Regulatory Uncertainty for Energy-efficient Vehicles Hampers the Market Growth


The regulatory environment for energy-efficient vehicles in Europe is evolving rapidly, which could create uncertainty for OEMs and buyers. Regulation changes, such as emissions standards and tax incentives, could affect the demand for energy recovery systems and create challenges for OEMs to comply with new regulations.


KEY INDUSTRY PLAYERS


In terms of the competitive landscape, Continental AG, Robert Bosch GmbH. and Mahle GmbH are the key player in the Europe market thanks to strong product offerings and active involvement in R&D investments to accelerate product launches and approvals in the forecast period. These companies are focused on strengthening their product portfolio and distribution network through strategic collaboration and partnerships to increase part in the Europe automotive energy recovery system market share in the Europe market.


LIST OF KEY COMPANIES PROFILED:



  • Continental AG (Germany)

  • Delphi Automotive (Ireland)

  • Eaton (Ireland)

  • Robert Bosch GmbH (Germany)

  • Schaeffler AG (Germany)

  • Rheinmetall Automotive AG (Germany)

  • Faurecia (France)

  • Mahle GmbH (Germany)

  • ZF Friedrichshafen AG (Germany)

  • RICARDO PLC (U.K.)


KEY INDUSTRY DEVELOPMENTS:



  • January 2023: Porche integrated its Taycan with automotive regenerative braking system technology in the electric motor. The technology helps the motor of the vehicle to apply the brakes and, at the same time, generate electricity that can be used to charge the vehicle's battery. With the help of this, the requirement for large brakes is eliminated, thus improving the efficiency of the vehicles.

  • October 2022, ZF launched a brake control system that can be used for hybrid and electric vehicles. The integrated brake control system provides brake performance for automatic emergency braking and complete energy recuperation for light truck segments.

  • March 2021: Advanced Propulsion Centre based in Warwickshire, secured an investment of EUR 11.3 million for the project to develop and manufacture an energy recovery system to reduce energy use in electric vehicles. The e-MOTIF project, led by Shield Manufacturing Technologies, combines lightweight energy recovery technology from motorsport with a new motor and inverter for electric cars and vans to cut energy consumption and CO2 emissions.


REPORT COVERAGE


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The market report provides qualitative and quantitative insights on the market and a detailed analysis of the Europe market size & growth rate for all possible segments in the market. Along with the Europe automotive energy recovery system market forecast, the research report provides an elaborative analysis of the market dynamics and competitive landscape. Various key insights presented in the report are overview of the number of procedures, an overview of price analysis of types of products, overview of the regulatory scenario by key countries, pipeline analysis, new product launches, key industry developments – mergers, acquisitions & partnerships and, the impact of COVID-19 on the market.


Report Scope & Segmentation


























































  ATTRIBUTE



  DETAILS



Study Period



2019-2030



Base Year



2022



Estimated Year



2023



Forecast Period



2023-2030



Historical Period



2019-2021



Growth Rate



CAGR of 5.3% from 2023 to 2030



Unit



Value (USD billion)



Segmentation



Subsystem; Propulsion; Vehicle; and Country/ Sub-Region



By  Subsystem




  • Turbocharger

  • Exhaust Gas Recirculation (EGR)

  • Regenerative Braking System



By  Propulsion




  • ICE

  • Electric



By  Vehicle




  • Passenger Cars

  • Light Commercial Vehicles

  • Heavy Commercial Vehicles



By Country/ Sub-Region




  • Germany (By Propulsion)

  • France (By Propulsion)

  • U.K. (By Propulsion)

  • Rest of Europe (By Propulsion)






Frequently Asked Questions

Growing at a CAGR of 5.3%, the market will exhibit steady growth in the forecast period (2023– 2030).

Strict vehicular emission rules and standards drive the market.

Rest of Europe dominated the market in 2022.

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