PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1763779
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1763779
Global Exhaust Heat Recovery System Market Size Study & Forecast, by Component, Technology, Vehicle Type, and Regional Forecasts 2025-2035
The Global Exhaust Heat Recovery System Market is valued at approximately USD 35.55 billion in 2024 and is anticipated to grow with a robust CAGR of 7.07% during the forecast period 2025-2035. Exhaust Heat Recovery Systems (EHRS) are transformative technologies that aim to capture and repurpose waste heat emitted from internal combustion engines, converting it into useful energy to enhance overall vehicle efficiency. In an industry racing toward decarbonization and stricter fuel economy standards, EHRS have carved a vital niche by enabling OEMs to reduce emissions while optimizing fuel consumption. Their widespread adoption is catalyzed by the exponential demand for energy-efficient propulsion systems, especially in passenger cars and commercial vehicles, where even marginal gains in efficiency translate into significant cost savings and environmental benefits.
With global emission regulations tightening and fuel economy standards becoming more demanding, manufacturers are pushing the envelope on thermal management innovations. Among these, EHRS technologies-such as Thermoelectric Generators (TEGs), Organic Rankine Cycle (ORC), Turbochargers, and Exhaust Gas Recirculation (EGR)-are now pivotal. These solutions not only recycle exhaust energy but also power ancillary vehicle systems or feed the drivetrain directly, thereby reducing reliance on fuel. The integration of such systems is particularly dominant in high-mileage applications like HCVs and LCVs, where durability and cost-effectiveness are paramount. Furthermore, hybrid and plug-in hybrid vehicles are increasingly integrating EHRS modules to balance energy regeneration and consumption.
From a regional standpoint, North America currently leads the EHRS market, largely due to advanced automotive R&D capabilities, strict regulatory mandates such as CAFE standards, and a high penetration of hybrid and light-duty diesel vehicles. Europe follows closely, bolstered by its comprehensive sustainability policies, automotive electrification strategies, and significant investments in eco-friendly mobility infrastructure. Meanwhile, the Asia Pacific region is expected to exhibit the highest growth rate throughout the forecast period, with countries such as China, Japan, and India actively investing in emission-reduction technologies and clean transport initiatives. In China, for instance, the government's New Energy Vehicle (NEV) policy encourages the integration of EHRS in next-gen vehicle architectures, giving a notable thrust to this market.
Major market player included in this report are:
- BorgWarner Inc.
- Mahle GmbH
- Continental AG
- Denso Corporation
- Tenneco Inc.
- Faurecia
- Cummins Inc.
- Eberspacher Group
- IHI Corporation
- Valeo SA
- ABB Ltd.
- Mitsubishi Electric Corporation
- Dana Incorporated
- Hanon Systems
- Robert Bosch GmbH
Global Exhaust Heat Recovery System Market Report Scope:
- Historical Data - 2023, 2024
- Base Year for Estimation - 2024
- Forecast period - 2025-2035
- Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope - Free report customization (equivalent up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:
By Component:
- Turbine
- Thermoelectric Generator (TEG) Module
- Compressor
- Evaporator
- EGR Valve & Cooler
- Condenser
- Others
By Vehicle Type:
- Passenger Car
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle (HCV)
By Technology:
- Exhaust Gas Recirculation (EGR)
- Thermoelectric Generator (TEG)
- Organic Rankine Cycle (ORC)
- Turbocharger
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2025 to 2035.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market.
Table of Contents
Chapter 1. Global Exhaust Heat Recovery System Market Report Scope & Methodology
- 1.1. Research Objective
- 1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top-Down and Bottom-Up Approach
- 1.3. Research Attributes
- 1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
- 1.5. Research Assumption
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study
Chapter 2. Executive Summary
- 2.1. CEO/CXO Standpoint
- 2.2. Strategic Insights
- 2.3. ESG Analysis
- 2.4. Key Findings
Chapter 3. Global Exhaust Heat Recovery System Market Forces Analysis
- 3.1. Market Forces Shaping the Global Exhaust Heat Recovery System Market (2024-2035)
- 3.2. Drivers
- 3.2.1. Stricter Emission Regulations and Fuel-Efficiency Mandates
- 3.2.2. Surge in Demand for Operational Cost Savings
- 3.3. Restraints
- 3.3.1. High System Integration and R&D Costs
- 3.3.2. Technical Challenges in Extreme Operating Conditions
- 3.4. Opportunities
- 3.4.1. Growing Adoption in Emerging Markets
- 3.4.2. Synergies with Hybrid and Electric Powertrains
Chapter 4. Global Exhaust Heat Recovery System Industry Analysis
- 4.1. Porter's Five Forces Model
- 4.1.1. Bargaining Power of Buyers
- 4.1.2. Bargaining Power of Suppliers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's Five Forces Forecast Model (2024-2035)
- 4.3. PESTEL Analysis
- 4.3.1. Political
- 4.3.2. Economic
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top Investment Opportunities
- 4.5. Top Winning Strategies (2025)
- 4.6. Market Share Analysis (2024-2025)
- 4.7. Global Pricing Analysis and Trends (2025)
- 4.8. Analyst Recommendation & Conclusion
Chapter 5. Global Exhaust Heat Recovery System Market Size & Forecasts by Component 2025-2035
- 5.1. Market Overview
- 5.2. Turbine
- 5.2.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.2.2. Market Size Analysis, by Region, 2025-2035
- 5.3. Thermoelectric Generator (TEG) Module
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.3.2. Market Size Analysis, by Region, 2025-2035
- 5.4. Compressor
- 5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.4.2. Market Size Analysis, by Region, 2025-2035
- 5.5. Evaporator
- 5.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.5.2. Market Size Analysis, by Region, 2025-2035
- 5.6. EGR Valve & Cooler
- 5.6.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.6.2. Market Size Analysis, by Region, 2025-2035
- 5.7. Condenser
- 5.7.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.7.2. Market Size Analysis, by Region, 2025-2035
- 5.8. Others
- 5.8.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.8.2. Market Size Analysis, by Region, 2025-2035
Chapter 6. Global Exhaust Heat Recovery System Market Size & Forecasts by Vehicle Type 2025-2035
- 6.1. Market Overview
- 6.2. Passenger Car
- 6.2.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.2.2. Market Size Analysis, by Region, 2025-2035
- 6.3. Light Commercial Vehicle (LCV)
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.3.2. Market Size Analysis, by Region, 2025-2035
- 6.4. Heavy Commercial Vehicle (HCV)
- 6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.4.2. Market Size Analysis, by Region, 2025-2035
Chapter 7. Global Exhaust Heat Recovery System Market Size & Forecasts by Technology 2025-2035
- 7.1. Market Overview
- 7.2. Exhaust Gas Recirculation (EGR)
- 7.2.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.2.2. Market Size Analysis, by Region, 2025-2035
- 7.3. Thermoelectric Generator (TEG)
- 7.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.3.2. Market Size Analysis, by Region, 2025-2035
- 7.4. Organic Rankine Cycle (ORC)
- 7.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.4.2. Market Size Analysis, by Region, 2025-2035
- 7.5. Turbocharger
- 7.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.5.2. Market Size Analysis, by Region, 2025-2035
- 7.6. Others
- 7.6.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.6.2. Market Size Analysis, by Region, 2025-2035
Chapter 8. Global Exhaust Heat Recovery System Market Size & Forecasts by Region 2025-2035
- 8.1. Market, Regional Snapshot
- 8.2. Top Leading & Emerging Countries
- 8.3. North America
- 8.3.1. U.S.
- 8.3.1.1. Component Breakdown Size & Forecasts, 2025-2035
- 8.3.1.2. Segment Breakdown Size & Forecasts, 2025-2035
- 8.3.2. Canada
- 8.3.2.1. Component Breakdown Size & Forecasts, 2025-2035
- 8.3.2.2. Segment Breakdown Size & Forecasts, 2025-2035
- 8.3.1. U.S.
- 8.4. Europe
- 8.4.1. UK
- 8.4.1.1. Component Breakdown Size & Forecasts, 2025-2035
- 8.4.1.2. Segment Breakdown Size & Forecasts, 2025-2035
- 8.4.2. Germany
- 8.4.3. France
- 8.4.4. Spain
- 8.4.5. Italy
- 8.4.6. Rest of Europe
- 8.4.1. UK
- 8.5. Asia Pacific
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South Korea
- 8.5.6. Rest of Asia Pacific
- 8.6. Latin America
- 8.6.1. Brazil
- 8.6.2. Mexico
- 8.7. Middle East & Africa
- 8.7.1. UAE
- 8.7.2. Saudi Arabia
- 8.7.3. South Africa
- 8.7.4. Rest of Middle East & Africa
Chapter 9. Competitive Intelligence
- 9.1. Top Market Strategies
- 9.2. BorgWarner Inc.
- 9.2.1. Company Overview
- 9.2.2. Key Executives
- 9.2.3. Company Snapshot
- 9.2.4. Financial Performance (Subject to Data Availability)
- 9.2.5. Product/Services Portfolio
- 9.2.6. Recent Development
- 9.2.7. Market Strategies
- 9.2.8. SWOT Analysis
- 9.3. Mahle GmbH
- 9.4. Continental AG
- 9.5. Denso Corporation
- 9.6. Tenneco Inc.
- 9.7. Faurecia
- 9.8. Cummins Inc.
- 9.9. Eberspacher Group
- 9.10. IHI Corporation
- 9.11. Valeo SA
- 9.12. ABB Ltd.
- 9.13. Mitsubishi Electric Corporation
- 9.14. Dana Incorporated
- 9.15. Hanon Systems
- 9.16. Robert Bosch GmbH
