Market Research Future (MRFR) in its new research study,
asserts that the Global Automotive Regenerative Braking System Market is
booming and expected to grow exponentially over the review period. An
automotive regenerative braking effectively converts a vehicle’s kinetic energy
into electrical energy. This can underpin the expansion of the automotive
regenerative braking market. The availability of various energy storage units
that are used in regenerative braking system, such as batteries, flywheel,
ultra-capacitors, and others can improve the impetus of the global automotive
regenerative braking market. The use of regenerative braking system allows the
savings of transmitted energy. The prevention of momentum loss achieved by
automotive regeneration system can drive the automotive regenerative braking system market.
As per MRFR study, the automotive regenerative braking system
global market can surge at 11% CAGR by 2023. The rise in the production and
sales of automobiles and subsequent increase in greenhouse gas emissions at a
high rate can spur the expansion of the market. The significant contribution of
automotive regenerative braking to curb air pollution can significantly
increase the market growth. High death rate has been reported due to decline in
the air quality.
Governments across the globe are launching programs and
policies to reduce vehicle emission. Automakers are adopting green technologies
to manage fuel consumption by vehicles in order to decrease emission. The high
rate of adoption of regenerative braking system in passenger and commercial can
drive the market growth.
Key Players
MRFR identified prominent players operating in the automotive
regenerative braking system global market. They are; Robert Bosch GMBH
(Germany), Continental AG (Germany), ZF Friedrichshafen AG (Germany), Hyundai
Mobis (South Korea), ADVICS North America, Inc. (US), Denso Corporation
(Japan), Mazda Motor (Japan), Autoliv Nissin Brake Systems Co., Ltd. (Japan),
Faurecia SA (France), Delphi Automotive PLC (US), and TRW automotive (US) among
others.
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Segmental Outlook
The automotive regenerative braking system global market
study is based on system type, vehicle type, and electrical vehicle.
- The vehicle type-based segments of the market are passenger vehicles, two wheelers, and commercial vehicles.
- The system type-based segments of the market are hydraulics, flywheel, battery, and ultra-capacitors. The electric vehicle segments are hybrid electrical vehicle, battery vehicle, and plug-in hybrid electrical vehicle.
Regional Outlook
The worldwide automotive regenerative braking system market
has been studied across different regions. The regional segments of the market
are Asia-Pacific, North America, Europe, and the Rest of the World. The
automotive regenerative braking market in North America is expected to surge at
a rapid pace. Currently, the US market is dominating in the global market. The
existence of numerous key players and the high utility of electrical vehicles
can spur the regional market. The automotive regeneration braking market is
expected to rise in the years to come. Asia Pacific automotive regenerative
braking system market is expected to register the highest rate of growth in the
forecast period. the rise in urbanization has led to increased purchasing power
that can prompt the market. The adoption of hybrid and plug-in hybrid electric
vehicles can boost the growth of the automotive regenerative braking market in
countries, such as South Korea, China, and Japan.
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Major Highlights of TOC Covers:
- Executive Summary
- Key Business Trends
- Regional Trends and Growth
- Product Trends
- End-use Trends
- Definition and Forecast Parameters
- Automotive regenerative braking system Market Segmentation
- Automotive regenerative braking system Market Landscape
- Vendor Matrix
More…
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