Automotive Energy Recovery Market Scope
Automotive energy recovery system is used Dissipated energy to give electricity to the engine or batteries, as well as to improve engine efficiency by reusing spent gases. The use of dissipated energy increases a vehicle's overall performance while also lowering greenhouse gas emissions. Regenerative braking is standard on most electric vehicles, although turbochargers and exhaust gas re-circulation are more common in diesel and gasoline vehicles.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Robert Bosch GMBH (Germany), Hyundai Mobis (South Korea), Continental AG (Germany), Honeywell International Inc. (United States), Mitsubishi Heavy Industries, Ltd. (Japan), Cummins Inc. (United States), Tenneco Inc. (United States), Faurecia (France), BorgWarner Inc. (United States) and IHI Corporation (Japan) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies.The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Automotive Energy Recovery market throughout the predicted period.
Robert Bosch GMBH (Germany), Hyundai Mobis (South Korea), Continental AG (Germany), Honeywell International Inc. (United States), Mitsubishi Heavy Industries, Ltd. (Japan), Cummins Inc. (United States), Tenneco Inc. (United States), Faurecia (France), BorgWarner Inc. (United States) and IHI Corporation (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Rheinmetall Automotive AG (Germany), Hitachi Automotive Systems, Ltd. (Japan), Maxwell Technologies (United States) and Skleton Technologies (Estonia).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Automotive Energy Recovery market by Type , by Application (Two-Wheelers, Passenger Cars and Commercial Vehicles) and Region with country level break-up.
On the basis of geography, the market of Automotive Energy Recovery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In February 2019, Bosch Service Solutions, a leading solutions provider in the field of business process outsourcing, acquired a LAWA Solutions startup based in Giessen. LAWA Solutions GmbH specializes in cloud-based software products for the automotive industry. The company's highly scalable solutions are used by car clubs, breakdown services, recovery companies, and workshops.
In February 2019, technology company Continental acquired Kathrein Automotive GmbH after antitrust authorities officially approved the deal. By integrating the automotive division of Kathrein, a Rosenheim-based manufacturer of the antenna and satellite technology, Continental will gain an important core segment to which it can add a wealth of expertise. Intelligent vehicle antennas are the starting point for future-proof connectivity concepts inside the vehicle and beyond.
Influencing Trend:
Technological Innovation Such As West Energy Recovery In Vehicles
Market Growth Drivers:
Increasing Number Of Electronic Vehicle and Rapidly Expansion Of Automotive Industry
Challenges:
High Cost Associated To Energy Recovery System and Presence Of Cheap False System In Market
Restraints:
Lack Of Awareness About The Automotive Energy Recovery System
Opportunities:
Rising Environmental Concern Fuel The Growth and Government Regulation For Air Pollution From Vehicles
Key Target Audience
Automotive Energy Recovery provider, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others