Market Overview
Market Research Future (MRFR), in its latest “Automotive Regenerative Braking System” report, states different factors that can impel the market. 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 regenerative braking market.
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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.
As regenerative braking system is combined components that recover energy from different parts, such as energy storage reservoirs; batteries, flywheel, and ultracapacitors and braking parts. The functional complexity of the components is high and due to which the manufacturing cost also increases, this is expected to hamper the global automotive regenerative braking system industry growth. However, mass production of regenerative braking system is expected to reduce the price of the automotive regenerative braking system in forecast period.
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.
Segmental Outlook
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.
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.
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.
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.
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.
Table Of Contents
- Executive Summary
- Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.2.1. Definition
2.2.2. Research Objective
2.2.3. Assumptions
2.2.4. Limitations
2.3. Research Process
2.3.1. Primary Research
2.3.2. Secondary Research
2.4. Market Size Estimation
2.5. Forecast Model
- Market Landscape
3.1. Porter’s Five Forces Analysis
3.1.1. Threat Of New Entrants
3.1.2. Bargaining Power Of Buyers
Continued………
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Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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