ID: MRFR/AM/5454-HCR | February 2021 | Region: Global | 100 pages
The regenerative braking is an energy recovery system that coverts the kinetic energy of the vehicle produced during deceleration of the vehicle into electrical energy. That converted energy is stored in the vehicle energy storage unit in order to utilize it in other applications such as start-stop function, headlights, and to power the vehicle's interior electronics. The various energy storage units used in regenerative braking system are flywheel, batteries, ultra-capacitors and others. While using regenerative braking system the amount of recoverable energy depends upon the vehicle speed and stopping pattern, 5% to 20% of transmitted energy can be saved by using regenerative braking systems. Regenerative braking system is used to generate electricity by converting momentum loss during application of brakes.
Global Automotive Regenerative Braking System Market has seen remarkable growth; expected to rise at a CAGR of ~11%.
Automotive sector is at rise in terms of production and sales of vehicles all over the world resulting in increased greenhouse gas emissions at an alarming rate. As per the International Air Agency, approx. 6.5 million deaths occur each year due to poor air quality. To limit the increasing amount of emission governments of various nations, such as U.S., Germany, and others are in the process to launch programs and policy related to vehicle emission and forcing the automakers to adopt certain technologies that can curb the increasing exhaust gas emissions and fuel consumption by vehicles to reduce fuel consumption and emission. To fulfill that demand the regenerative braking system is increasingly getting employed in passenger as well as commercial vehicles to improve fuel economy and reduce vehicular emissions, and this phenomenon is driving the market growth for regenerative braking system. As regenerative braking system is the combination of components that recover energy from the braking parts, and energy storage reservoirs like flywheel, batteries, and ultracapacitors. The functional complexity of the components is high and due to which the manufacturing cost also increases, this is expected to hamper the global automotive regenerative braking system industry growth. However, mass production of regenerative braking system is expected to reduce the price of the automotive regenerative braking system in forecast period.
Global automotive regenerative braking system market is segmented on the basis of vehicle type, system type, electrical vehicle, and region. Vehicle type segment is divided into, two wheelers, passenger vehicles, and commercial vehicles. On the basis of system type, the market has been segmented into battery, flywheel, hydraulics, and ultra-capacitors. Electric vehicle segment is further classified as, battery vehicle, hybrid electrical vehicle, and plug-in hybrid electrical vehicle.
Geographically, the global regenerative braking system market has been segmented into the four major regions of North America, Europe, Asia-Pacific, and the Rest of the World. North America is currently dominating the market due to the presence of key market players and high penetration of electrical vehicles. However, Asia-Pacific is estimated to register the highest growth rate during the forecast period. Growing urbanization has resulted in increasing purchasing power, and in increased penetration of hybrid and plug-in hybrid electric vehicles in countries like China, Japan, and South Korea. Moreover, increased production and sale of automobiles in most populated countries like India and China is estimated to further boost the growth for automotive regenerative braking systems market in Asia-Pacific.
The prominent players in the global automotive regenerative braking system market include Continental AG (Germany), Robert Bosch GMBH (Germany), Hyundai Mobis (South Korea), ZF Friedrichshafen AG (Germany), Denso Corporation (Japan), ADVICS North America, Inc. (US), Autoliv Nissin Brake Systems Co., Ltd. (Japan), Mazda Motor (Japan), Delphi Automotive PLC (US), Faurecia SA (France), TRW automotive (US) are among others.
The report for Global Automotive Regenerative Braking System Market of Market Research Future covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
Frequently Asked Questions (FAQ) :
The automotive regenerative braking system market is poised to register 11% CAGR.
The functional complexity of the components can check the growth rate of the automotive regenerative braking system market.
By system type, the segments assessed are battery, hydraulics, flywheel, and ultra-capacitors.
APAC is projected to mark the highest growth rate.
The key players operating in the automotive regenerative braking system market are Continental AG (Germany), Hyundai Mobis (South Korea), Robert Bosch GMBH (Germany), ZF Friedrichshafen AG (Germany), ADVICS North America, Inc. (US), Denso Corporation (Japan), Autoliv Nissin Brake Systems Co., Ltd. (Japan), Delphi Automotive PLC (US), Mazda Motor (Japan), Faurecia SA (France), and TRW Automotive (US).