Worldwide Automotive Energy Recovery Systems Industry in 2024: Market Size, Share, and Growth Insights

The Global Automotive Energy Recovery Systems Market Size is Anticipated to Exceed USD 37.80 Billion by 2033, Growing at a CAGR of 7.54% from 2023 to 2033.

An automotive energy recovery system (ERS) is a technology that captures and reuses energy that would otherwise be lost during vehicle operation. ERSs recover kinetic energy when a vehicle brakes or coasts, storing it for later use to assist in acceleration or starting. This process helps conserve fuel and lower emissions. The main purpose of these systems is to enhance fuel efficiency and reduce environmental impact. By converting kinetic energy into electrical energy, which is stored in batteries or capacitors, ERSs can power auxiliary vehicle systems, reducing engine strain and improving overall fuel economy.

This study gives a detailed analysis of drivers, restrains, opportunities and challenges limiting the market expansion of Automotive Energy Recovery Systems Market. The survey included a diverse set of players, including a balance of leading and growing manufacturers for business profiling, such as;

List of Key Companies

• Faurecia
• the corporation
• BorgWarner Inc.
• Continental AG
• Robert Bosch GmbH
• Honeywell International Inc.
• Tenneco Inc.
• Rheinmetall Automotive AG
• Hyundai Motor Group
• Cummins Inc.
• Mitsubishi Electric Corporation
• GARRETT MOTION INC.
• Energy Recovery
• Others

Our expert team is consistently working on updated data and information on the key player’s related business processes that value the market for future strategies and predictions

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Market Segmentation:

By Subsystem

• Turbocharger
• Exhaust Gas Recirculation
• Regenerative Braking System

By Propulsion

• Internal Combustion Engine (ICE)
• Electric

Covered in this Report:

1. Go-to-market Strategy.
2. Neutral perspective on the market performance.
3. Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, QMI quadrant, and other significant analysis, as well as development status.
4. Customized regional/country reports as per request and country level analysis.
5. Potential & niche segments and regions exhibiting promising growth covered.
6.Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

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Industry Developments:

In May 2024, Porsche released the first production, a hybrid version of the 911, the new 992.2 GTS, which comes equipped with both a 40kW motor integrated into the transmission and an energy recovery system on the turbocharger.

Regional Analysis for Automotive Energy Recovery Systems Market:

✫ North America: (U.S., Canada, Mexico)
✫ Europe: (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
✫ Asia-Pacific: (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
✫ South America: (Colombia, Brazil, Argentina, Rest of South America)
✫ Middle East & Africa: (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

⏩ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
⏩ Top-down and bottom-up approach for regional analysis
⏩ Porter’s five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
⏩ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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Frequently asked questions:

➥ What is the market size of the Automotive Energy Recovery Systems market?
➥ What is the market growth rate of the Automotive Energy Recovery Systems market?
➥ What are the Automotive Energy Recovery Systems market opportunities and threats faced by the vendors in the global Automotive Energy Recovery Systems Industry?
➥ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?
➥ What focused approach and constraints are holding the Automotive Energy Recovery Systems market?
➥ What are the different sales, marketing, and distribution channels in the global industry?

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