PUBLISHER: Persistence Market Research | PRODUCT CODE: 1408948
PUBLISHER: Persistence Market Research | PRODUCT CODE: 1408948
Automotive Energy Recovery Systems Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2030
Persistence Market Research has released an in-depth report on the worldwide Automotive Energy Recovery Systems market, delivering a thorough examination of crucial market dynamics, trends, opportunities, and challenges. The report furnishes detailed insights into the market structure, striving to provide exclusive information supported by data and statistics that delineate the anticipated growth path of the Automotive Energy Recovery Systems market spanning from 2023 to 2030.
The global Automotive Energy Recovery Systems market is forecast to expand at a CAGR of 7.1% and thereby increase from a value of US$ 19.3 Billion in 2023, to US$ 31.2 Billion by the end of 2030.
Key Insights
- Automotive Energy Recovery Systems Market Size (2023E): US$ 19.3 Billion
- Projected Market Value (2030F): US$ 31.2 Billion
- Global Market Growth Rate (CAGR 2023 to 2030): 7.1%
- Historical Market Growth Rate (CAGR 2018 to 2022): 5.7%
Automotive Energy Recovery Systems Market - Report Scope
Automotive Energy Recovery Systems (ERS) capture and reuse wasted energy during vehicle operation for enhanced energy efficiency, reduced fuel consumption, and lower emissions. Common implementations, like regenerative braking, convert braking energy into stored electrical energy. ERS aligns with the automotive industry's focus on eco-friendly vehicles, driven by concerns about climate change and government regulations promoting cleaner technologies. The outlook for ERS from 2023 to 2030 is positive, fueled by increasing demand for energy-efficient transportation. Advancements in ERS technologies, including improved energy storage, present growth opportunities as automakers prioritize electric and hybrid vehicles, fostering market expansion and innovation.
Market Growth Drivers for Automotive Energy Recovery Systems:
The Automotive Energy Recovery Systems (ERS) market is rapidly growing, driven by advancements in energy storage technologies. Improvements in high-capacity batteries and supercapacitors enhance energy recuperation during braking and acceleration, extending the range of electric and hybrid vehicles. This progress promotes widespread ERS adoption across automotive segments, making systems more robust and cost-effective.
Global attention to sustainability and environmental regulations further fuels market growth. Governments worldwide are pushing for eco-friendly transportation, with ERS playing a crucial role in minimizing energy waste and improving fuel efficiency. Automakers integrate ERS to comply with regulations, project a green image, and meet consumer demand for environmentally conscious vehicles. As sustainability becomes a key differentiator in the industry, ERS integration aligns with trends, fostering market growth through regulatory compliance and consumer preferences.
Market Restraints:
The Automotive Energy Recovery Systems (ERS) market faces challenges from potential disruptions in the supply chain, impacting key components like batteries and capacitors. Geopolitical tensions or natural disasters can lead to shortages, hindering production. Stakeholders need robust contingency plans and diversified sourcing strategies for supply chain resilience.
Integrating ERS into diverse vehicle architectures is a challenge due to a lack of standardization in technologies and specifications. Achieving consensus on common standards is crucial for compatibility and widespread adoption. Industry collaboration and regulatory initiatives are essential to overcoming integration complexities and creating a streamlined ERS landscape.
Market Opportunities:
The rise of autonomous vehicles offers a significant revenue opportunity for the Automotive Energy Recovery Systems (ERS) market. Vehicles equipped with advanced driver assistance systems (ADAS) and full autonomy can optimize energy usage through ERS during constant acceleration and deceleration patterns. This integration not only boosts energy efficiency but also aligns with sustainability goals in future transportation.
Collaborations between the automotive sector and other industries create additional revenue opportunities. Partnering with energy storage companies, technology firms, and infrastructure developers can lead to innovative ERS solutions. Collaborations with smart grid initiatives enable bidirectional energy flow between vehicles and the power grid, creating revenue streams through vehicle-to-grid (V2G) systems. Partnerships with renewable energy providers explore synergies between ERS and sustainable energy sources, positioning ERS as a key player in the ecosystem of intelligent and sustainable transportation solutions.
Key Questions Answered in Report:
- What is the current size of the global Automotive Energy Recovery Systems market in terms of value and volume?
- Which market segments are growing the fastest?
- Who are the key players in the Automotive Energy Recovery Systems market?
- What are the major challenges facing the Automotive Energy Recovery Systems market, such as raw material pricing, environmental regulations, or technological disruptions?
- What are the key opportunities for growth?
Competitive Intelligence and Business Strategy:
Competitive intelligence in the automotive energy recovery systems (ERS) market involves gathering and analyzing information about key players like BorgWarner, Robert Bosch, Hyundai, Mitsubishi Electric, and Cummins. Understanding competitors' products, market share, and technological advancements is crucial. Continuous monitoring of industry trends, regulations, and emerging technologies provides insights for strategic decision-making. In this market, a robust business strategy aligning with trends, technology, and regulations is vital for long-term success. This strategy should include product innovation, cost optimization, and market diversification. Partnerships, collaborations, and acquisitions can enhance market presence.
Key Companies Profiled:
- BorgWarner Inc
- Robert Bosch GmbH
- Hyundai Motors Group
- Mitsubishi Electric Corporation
- Cummins Inc.
- Tenneco Inc.
- Honeywell International Inc.
Automotive Energy Recovery Systems Market Research Segmentation:
In the Automotive Energy Recovery Systems (AERS) market, the regenerative braking system (RBS) dominates, especially in electric vehicles (EVs), playing a crucial role in enhancing EV range and efficiency. The turbocharger subsystem experiences rapid growth, driven by the surge in hybrid powertrains, optimizing internal combustion engine efficiency for higher power outputs without compromising fuel economy.
Electric vehicles (EVs) lead the market, seamlessly integrating energy recovery systems, with a focus on regenerative braking. The commercial vehicle segment grows rapidly, emphasizing fuel efficiency and emissions reduction in the commercial transportation sector.
Europe emerges as a dominant region in the AERS market due to stringent environmental regulations, sustainability commitment, and a robust infrastructure for electric vehicles. South Asia and Oceania experience the fastest growth, driven by dynamic electrification efforts, a thriving automotive industry, and government initiatives promoting cleaner transportation. The region's strong push towards electrification and a growing automotive sector positions it as a key player in the evolving AERS market.
By Subsystem:
- Regenerative Braking System
- Turbocharger
- Exhaust Gas Recirculation
By Vehicle Type:
- Passenger Cars
- Commercial Vehicles
- Electric Vehicles
By Region:
- North America
- Europe
- East Asia
- South Asia & Oceania
- Latin America
- Middle East & Africa
Table of Contents
1. Executive Summary
- 1.1. Automotive Energy Recovery Systems Market Snapshot, 2023 and 2030
- 1.2. Market Opportunity Assessment, 2023 - 2030, US$ Mn
- 1.3. Key Market Trends
- 1.4. Future Market Projections
- 1.5. Premium Market Insights
- 1.6. Industry Developments and Key Market Events
- 1.7. PMR Analysis and Recommendations
2. Market Overview
- 2.1. Market Scope and Definition
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
- 2.3. Subsystem Lifecycle Analysis
- 2.4. Automotive Energy Recovery Systems Market: Value Chain
- 2.4.1. List of Raw Material Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. List of Applications
- 2.4.5. Profitability Analysis
- 2.5. Porter Five Force's Analysis
- 2.6. Geopolitical Tensions: Market Impact
- 2.7. Macro-Economic Factors
- 2.7.1. Global Sectorial Outlook
- 2.7.2. Global GDP Growth Outlook
- 2.7.3. Global Parent Market Overview
- 2.8. Forecast Factors - Relevance and Impact
- 2.9. Regulatory and Technology Landscape
3. Automotive Energy Recovery Systems Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)
- 3.1. Key Highlights
- 3.1.1. Market Volume (Units) Projections
- 3.1.2. Market Size and Y-o-Y Growth
- 3.1.3. Absolute $ Opportunity
- 3.2. Market Size (US$ Mn) Analysis and Forecast
- 3.2.1. Historical Market Size Analysis, 2013-2016
- 3.2.2. Current Market Size Forecast, 2018-2026
- 3.3. Automotive Energy Recovery Systems Market Outlook:Subsystem
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Subsystem, 2018 - 2022
- 3.3.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Subsystem, 2023 - 2030
- 3.3.3.1. Regenerative Braking System
- 3.3.3.2. Turbocharger
- 3.3.3.3. Exhaust Gas Recirculation
- 3.4. Market Attractiveness Analysis: Subsystem
- 3.5. Automotive Energy Recovery Systems Market Outlook:Vehicle Type
- 3.5.1. Introduction / Key Findings
- 3.5.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Vehicle Type, 2018 - 2022
- 3.5.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Vehicle Type, 2023 - 2030
- 3.5.3.1. Passenger Cars
- 3.5.3.2. Commercial Vehicles
- 3.5.3.3. Electric Vehicles
- 3.6. Market Attractiveness Analysis: Vehicle Type
4. Automotive Energy Recovery Systems Market Outlook: Region
- 4.1. Key Highlights
- 4.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Region, 2018 - 2022
- 4.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Region, 2023 - 2030
- 4.3.1. North America
- 4.3.2. Europe
- 4.3.3. East Asia
- 4.3.4. South Asia and Oceania
- 4.3.5. Latin America
- 4.3.6. Middle East & Africa (MEA)
- 4.4. Market Attractiveness Analysis: Region
5. North America Automotive Energy Recovery Systems Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)
- 5.1. Key Highlights
- 5.2. Pricing Analysis
- 5.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 5.3.1. By Country
- 5.3.2. By Subsystem
- 5.3.3. By Vehicle Type
- 5.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 5.4.1. U.S.
- 5.4.2. Canada
- 5.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Subsystem, 2023 - 2030
- 5.5.1. Regenerative Braking System
- 5.5.2. Turbocharger
- 5.5.3. Exhaust Gas Recirculation
- 5.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Vehicle Type, 2023 - 2030
- 5.6.1. Passenger Cars
- 5.6.2. Commercial Vehicles
- 5.6.3. Electric Vehicles
- 5.7. Market Attractiveness Analysis
6. Europe Automotive Energy Recovery Systems Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)
- 6.1. Key Highlights
- 6.2. Pricing Analysis
- 6.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 6.3.1. By Country
- 6.3.2. By Subsystem
- 6.3.3. By Vehicle Type
- 6.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 6.4.1. Germany
- 6.4.2. France
- 6.4.3. U.K.
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. T rkiye
- 6.4.8. Rest of Europe
- 6.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Subsystem, 2023 - 2030
- 6.5.1. Regenerative Braking System
- 6.5.2. Turbocharger
- 6.5.3. Exhaust Gas Recirculation
- 6.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Vehicle Type, 2023 - 2030
- 6.6.1. Passenger Cars
- 6.6.2. Commercial Vehicles
- 6.6.3. Electric Vehicles
- 6.7. Market Attractiveness Analysis
7. East Asia Automotive Energy Recovery Systems Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)
- 7.1. Key Highlights
- 7.2. Pricing Analysis
- 7.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 7.3.1. By Country
- 7.3.2. By Subsystem
- 7.3.3. By Vehicle Type
- 7.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
- 7.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Subsystem, 2023 - 2030
- 7.5.1. Regenerative Braking System
- 7.5.2. Turbocharger
- 7.5.3. Exhaust Gas Recirculation
- 7.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Vehicle Type, 2023 - 2030
- 7.6.1. Passenger Cars
- 7.6.2. Commercial Vehicles
- 7.6.3. Electric Vehicles
- 7.7. Market Attractiveness Analysis
8. South Asia & Oceania Automotive Energy Recovery Systems Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)
- 8.1. Key Highlights
- 8.2. Pricing Analysis
- 8.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 8.3.1. By Country
- 8.3.2. By Subsystem
- 8.3.3. By Vehicle Type
- 8.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 8.4.1. India
- 8.4.2. Southeast Asia
- 8.4.3. ANZ
- 8.4.4. Rest of South Asia & Oceania
- 8.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Subsystem, 2023 - 2030
- 8.5.1. Regenerative Braking System
- 8.5.2. Turbocharger
- 8.5.3. Exhaust Gas Recirculation
- 8.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Vehicle Type, 2023 - 2030
- 8.6.1. Passenger Cars
- 8.6.2. Commercial Vehicles
- 8.6.3. Electric Vehicles
- 8.7. Market Attractiveness Analysis
9. Latin America Automotive Energy Recovery Systems Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)
- 9.1. Key Highlights
- 9.2. Pricing Analysis
- 9.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 9.3.1. By Country
- 9.3.2. By Subsystem
- 9.3.3. By Vehicle Type
- 9.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
- 9.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Subsystem, 2023 - 2030
- 9.5.1. Regenerative Braking System
- 9.5.2. Turbocharger
- 9.5.3. Exhaust Gas Recirculation
- 9.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Vehicle Type, 2023 - 2030
- 9.6.1. Passenger Cars
- 9.6.2. Commercial Vehicles
- 9.6.3. Electric Vehicles
- 9.7. Market Attractiveness Analysis
10. Middle East & Africa Automotive Energy Recovery Systems Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)
- 10.1. Key Highlights
- 10.2. Pricing Analysis
- 10.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 10.3.1. By Country
- 10.3.2. By Subsystem
- 10.3.3. By Vehicle Type
- 10.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 10.4.1. GCC
- 10.4.2. Egypt
- 10.4.3. South Africa
- 10.4.4. Northern Africa
- 10.4.5. Rest of Middle East & Africa
- 10.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Subsystem, 2023 - 2030
- 10.5.1. Regenerative Braking System
- 10.5.2. Turbocharger
- 10.5.3. Exhaust Gas Recirculation
- 10.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Vehicle Type, 2023 - 2030
- 10.6.1. Passenger Cars
- 10.6.2. Commercial Vehicles
- 10.6.3. Electric Vehicles
- 10.7. Market Attractiveness Analysis
11. Competition Landscape
- 11.1. Market Share Analysis, 2022
- 11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition Turbocharger
- 11.2.3. Apparent Product Capacity
- 11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. BorgWarner Inc
- 11.3.1.1. Overview
- 11.3.1.2. Segments and Product
- 11.3.1.3. Key Financials
- 11.3.1.4. Market Developments
- 11.3.1.5. Market Strategy
- 11.3.2. Robert Bosch GmbH
- 11.3.2.1. Overview
- 11.3.2.2. Segments and Product
- 11.3.2.3. Key Financials
- 11.3.2.4. Market Developments
- 11.3.2.5. Market Strategy
- 11.3.3. Hyundai Motors Group
- 11.3.3.1. Overview
- 11.3.3.2. Segments and Product
- 11.3.3.3. Key Financials
- 11.3.3.4. Market Developments
- 11.3.3.5. Market Strategy
- 11.3.4. Mitsubishi Electric Corporation
- 11.3.4.1. Overview
- 11.3.4.2. Segments and Product
- 11.3.4.3. Key Financials
- 11.3.4.4. Market Developments
- 11.3.4.5. Market Strategy
- 11.3.5. Cummins Inc
- 11.3.5.1. Overview
- 11.3.5.2. Segments and Product
- 11.3.5.3. Key Financials
- 11.3.5.4. Market Developments
- 11.3.5.5. Market Strategy
- 11.3.6. Tenneco Inc.
- 11.3.6.1. Overview
- 11.3.6.2. Segments and Product
- 11.3.6.3. Key Financials
- 11.3.6.4. Market Developments
- 11.3.6.5. Market Strategy
- 11.3.7. Honeywell International Inc.
- 11.3.7.1. Overview
- 11.3.7.2. Segments and Product
- 11.3.7.3. Key Financials
- 11.3.7.4. Market Developments
- 11.3.7.5. Market Strategy
- 11.3.1. BorgWarner Inc
12. Appendix
- 12.1. Research Methodology
- 12.2. Research Assumptions
- 12.3. Acronyms and Abbreviations
