Market Research Future (MRFR), in its latest report on the global
automotive regenerative braking system market 2020 states that different
factors that can boost the expansion of the market. As per MRFR findings, the automotive regenerative braking system (RBS) market rise is
expected to be about 11% CAGR by
2023. The high utility of automotive regenerative braking system for energy
recovery mechanism in which it convert the produced heat from friction in the
brakes of the vehicle into electrical energy can prompt the expansion of the
market.
The increased input by high-voltage batteries, followed by
high demand per vehicle can bolster the expansion of the market in the years to
come. This emergence of braking system can curb vehicular emissions from that
of conventional vehicles can propel the expansion of the global market of
automotive regenerative braking system market. The feasibility of heat transfer
to power consuming system or batteries can from brakes can promote the rise of
the world automotive regenerative braking system market. The automotive RBS
market significant expansion can be attributed to benefits, such as high
performance of vehicles, reduced wear and tear of the braking system, and
replacement of conventional braking system can boost the expansion of the
automobile regenerative braking system.
Key Players
MRFR profiled some important names in the automotive
regenerative braking global system market. They are; ZF Friedrichshafen AG
(Germany), Robert Bosch GMBH (Germany), Denso Corporation (Japan), Delphi
Automotive PLC (US), Hyundai Mobis (South Korea), ADVICS North America, Inc.
(US), Mazda Motor (Japan), Continental AG (Germany), TRW automotive (US,
Autoliv Nissin Brake Systems Co., Ltd. (Japan), Faurecia SA (France), are
among others.
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Segmental Analysis
The segment study of the automotive regenerative braking
system market based on system type, vehicle type, and electrical vehicle. The
vehicle type based segments are passenger vehicles, commercial vehicles, and
two wheelers. The system type based segments of the market are hydraulics,
battery, flywheel, and ultra-capacitors. The electric vehicle segment comprises
hybrid electrical vehicle, battery vehicle, and plug-in hybrid electrical
vehicle. The global RBS market can be driven by the high demand of
fuel-efficient vehicles and the growing concern for pollution among people. In
addition, the high sales of electric cars, plus the reduction in brake wear and
tear can prompt the expansion of the automotive regenerative braking system.
Major restraints on the market are increased overall costing and high
maintenance price along with brake system overhauling. In addition, the growing
demand of electric vehicles for public transport system can boost the expansion
of the market. The rise of the automotive RBS market can be credited to
advancements in two-wheeler RBS and high opportunities for the expansion of the
automotive regenerative braking system market through the assessment
period.
Regional Study
Geographically, the study of the regenerative braking system
market is based on Europe, North America, followed by Asia-Pacific and the Rest
of the World. The automotive regenerative braking system market in North
America can dominate the world automotive RBS market through the review period.
The presence of well-known marketers and the high penetration of electrical
vehicles can prompt the expansion of North America automotive regenerative
braking system in the years to come. In Asia Pacific, the automotive RBS market
is likely to rise at a high growth rate in the forecast period. The increase in
purchasing power of people and rapid globalization can prompt the regional
market rise owing to the rise in the penetration of plug-in and hybrid electric
vehicles can prompt the expansion of the market in China and Japan.
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TABLE OF CONTENTS:
1.
Market Introduction
2.
Research Methodology
3.
Market Dynamics
4.
Executive Summary
5.
Market Factor Analysis
6.
Automotive Regenerative Braking System Market, By Segments
7.
Competitive Analysis
Continued…
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