Alternative Automobile Technologies Have Become Increasingly Important To Curb Increasing Atmospheric Pollution Caused By Automobile Emission, And Find The Alternative Solution To Substitute Depleting Oil Reserves, A Major Energy Source To Drive Vehicles. Automotive Energy Recovery System Utilizes Dissipated Energy To Provide Power To The Engine Or Batteries And To Enhance Engine Efficiency By Recycling Exhaust Gasses.
Dissipated Energy Improves The Overall Performance Of A Vehicle And Minimizes Greenhouse Gas Emissions. Most Of The Electric Vehicles Are Equipped With The Regenerative Braking System, Whereas Turbocharger And Exhaust Gas Recirculation Have Greater Penetration In Diesel & Gasoline-Powered Vehicles.
Prominent Market Players Invest Significantly In R&D To Enhance Their Technical Expertise And Product Portfolio. For Instance, In June 2016, Continental Ag Launched A Turbocharger With Raax Turbine Technology.
Stringent Vehicular Emission Rules & Regulations, Increase In Trend Toward Downsizing The Engine, And Stringent Fuel Economy Standards Are The Factors That Fuel The Growth Of Global Automotive Energy Recovery System Market. Furthermore, Rise In A Number Of Electrical Vehicles & Evse Infrastructure And Improved Vehicle Performance Supplements The Market Growth. However, Increase In Overall Cost & Weight Of Vehicles And High Repair & Maintenance Cost Restrain The Market Growth. Irrespective Of These Challenges, Increase In Concerns About Environment And Advancement In Technology, Such As Introducing Waste Energy Recovery System In Two-Wheelers, Are Expected To Provide Lucrative Opportunities For The Market Growth.
The Global Automotive Energy Recovery System Market Is Segmented Based On Product Type, Vehicle Type, And Geography. On The Basis Of Product Type, The Market Is Divided Into Regenerative Braking System (Electric, Hydraulic, And Others [Flywheel & Spring]), Turbocharger (Twin Turbocharger, Wastegate Turbocharger, And Variable Geometry Turbocharger), And Exhaust Gas Recirculation (Egr). By Vehicle Type, The Market Is Categorized Into Two-Wheeler, Passenger Cars, And Commercial Vehicles. Geographically, The Market Is Analyzed Across North America, Europe, Asia-Pacific, And Lamea.
Prominent Players Profiled In The Report Include 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, And Skleton Technologies.
Automotive Energy Recovery System Market Key Segments
By Product Type
By Vehicle Type
Market Players in Value Chain
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