Automotive Energy Recovery System Market to Reach $45.51 Billion, Globally, by 2030 at 7.4% CAGR: Allied Market Research

Strict vehicle emission rules and regulations, rise in the number of electric vehicles & EVSE infrastructure, and focus on engine downsizing drive the global automotive energy recovery system market.

PORTLAND, Ore., May 23, 2022 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Automotive Energy Recovery System Market by Vehicle Type (Passenger Cars, Commercial Vehicles, Electric Vehicles), by By Product Type (Regenerative Braking System, Turbocharger, Exhaust Gas Recirculation): Global Opportunity Analysis and Industry Forecast, 2020-2030". As per the report, the global automotive energy recovery system industry was accounted for $22.44 billion in 2020, and is expected to reach $45.51 billion by 2030, growing at a CAGR of 7.4% from 2021 to 2030.

Drivers, restraints, and opportunities

Stringent vehicle emission rules and regulations, surge in the number of electric vehicles & EVSE infrastructure, and trend of engine downsizing have boosted the growth of the global automotive energy recovery system market. However, high repair & maintenance costs and surge in overall weight of vehicles hinder the market growth. On the contrary, rising government rules & regulations and advancements in technology would open new opportunities in the future.

Download Report (224 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/897

Covid-19 scenario:

• The Covid-19 pandemic created uncertainty across the automotive sector due to closure of assembly plants and large-scale manufacturing interruptions, which led to decline in demand for automobiles.
• Government across several regions announced lockdown and border closures that restricted movement of transportation & logistics services.
• However, the service activities registered steady and favorable recovery post-pandemic due to relaxation on restriction by the governments.

Request for Customization at https://www.alliedmarketresearch.com/request-for-customization/897

The commercial vehicles segment held the largest share

By vehicle type, the commercial vehicles segment held the largest share in 2020, accounting for nearly three-fourths of the global automotive energy recovery system market, due to rise in demand for using kinetic energy top power in heavy commercial vehicles. However, the electric vehicles segment is expected to register the highest CAGR of 11.6% during the forecast period, due to increased demand for electric vehicles across the globe.

The regenerative braking system segment dominated the market

By product type, the regenerative braking system segment held the lion's share in 2020, contributing to nearly half of the global automotive energy recovery system market. In addition, the segment is estimated to manifest the highest CAGR of 8.7% from 2021 to 2030, due to rise in production & sales of electric vehicles which includes regenerative braking systems to convert the kinetic energy to other forms of energy. The report includes analysis of other segments such as turbocharger and exhaust gas recirculation.

Interested to Procure the Data with Actionable Strategy & Insights? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/897

Asia-Pacific, followed by Europe and North America, held the largest share

By region, the global automotive energy recovery system market across Asia-Pacific dominated in 2020, holding more than two-fifths of the market. In addition, the region is projected to portray the highest CAGR of 8.2% during the forecast period, owing to increased sales of electric and advanced vehicles across Asian countries. The report includes analysis of the market across North America, Europe, and LAMEA.

Major market players

• BorgWarner Inc.
• Cummins Inc.
• Continental AG
• Honeywell International Inc.
• Faurecia
• IHI Corporation
• Hyundai Motor Group
• Robert Bosch GmbH
• Mitsubishi Heavy Industries, Ltd.
• Tenneco Inc.

Buy Complete Report Now! https://www.alliedmarketresearch.com/checkout-final/3d1a968f339d4e6c199663a05100cc6e

Similar Reports We Have on Automotive Industry:

Automotive Thermoelectric Generator Market by Application (Waste Heat Recovery, Energy Harvesting, Direct Power Generation and Co-generation), Vertical (Automotive, Aerospace, Defense, Industrial, Consumer, Healthcare, Oil & Gas, Mining and Telecommunication), Temperature (Low Temperature (<80°C), Medium Temperature (80°-500°C) and High Temperature (>500°C)), Material (Bismuth Telluride, Lead Telluride and Others), Wattage (Low Power (<10W), Medium Power (10-1KW) and High Power (>1KW)) and Component (Heat Source, Thermoelectric Module, Cold Side and Electric Load): Global Opportunity Analysis and Industry Forecast, 2021–2030.

Automotive Thermal Management System Market by Application (Engine Cooling, Transmission Cooling, Waste Heat Recovery and others), Vehicles Type (Passenger Cars and Commercial Vehicles), Propulsion (Internal Combustion Engine and Electric), Component (Power Distribution Box, Domain Controller Units, Engine Control Unit, Inverter, Convertors, Connectors and Power Integrated Circuits) and Technology (Active Transmission Warm-Up, Engine Thermal Mass Reduction, Exhaust Gas Recirculation and others): Global Opportunity Analysis and Industry Forecast, 2021–2030.

Automotive Regenerative Braking System Market by Vehicle Type (Two Wheeler, Passenger Car, Commercial Vehicle), by System (Electric, Hydraulics, Others), by Propulsion Type (BEV, HEV, PHEV), : Global Opportunity Analysis and Industry Forecast, 2020-2030.

Exhaust Gas Recirculation (EGR) Valve Market by Valve Type (Pneumatic Exhaust Gas Recirculation (EGR) Valves and Electric Exhaust Gas Recirculation (EGR) Valves), by Propulsion (Diesel and Petrol), and Vehicle Type (Passenger Vehicle and Commercial Vehicle): Global Opportunity Analysis and Industry Forecast, 2020–2030.

Automotive Exhaust Gas Recirculation (EGR) Coolers Market by Type (Tube exhaust gas recirculation (EGR) coolers and finned exhaust gas recirculation (EGR) coolers), by Fuel Type (Petrol and Diesel), and by Vehicle Type (Passenger Vehicle and Commercial Vehicle): Global Opportunity Analysis and Industry Forecast, 2020–2030.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
1-800-792-5285, 1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com  
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | Twitter | LinkedIn |

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg