Global Exhaust Heat Recovery System Market is expected to grow with the CAGR of 6.3% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.
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Exhaust heat recovery system market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in global exhaust heat recovery system market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in March 2019, Valeo launched range of thermal system products in the aftermarket division. In the year 2018, Valeo has introduced 150 parts. New addition of products into the company’s portfolio will expand the aftermarket and impact positively on the revenue and global exhaust heat recovery market growth.
DENSO CORPORATION is the dominating player in global exhaust heat recovery system market. The other key players existing in the market includes Delphi Technologies, Faurecia, Honeywell International Inc., Marelli Corporation, Mitsubishi Electric Corporation, MAHLE GmbH, BorgWarner Inc., Robert Bosch GmbH, Katcon, CDTi Advanced Materials, Inc., BOSAL, Valeo, Dana Limited, Schaeffler AG, Cummins Inc., IHI Corporation, Tenneco Inc., Eberspächer, TURBO ENERGY PRIVATE LIMITED.
DENSO CORPORATION
DENSO CORPORATION, headquartered in Aichi Prefecture, Japan which was founded in 1949. The company is engaged in manufacturing of electrification, advanced safety and automated driving, connected cars, non-automotive businesses, factory automation and agriculture. The company operates business segments in thermal systems, powertrain systems, electrification systems, mobility systems, electronic systems, non-automotive businesses (fa and agriculture), other automotive businesses, in which powertrain systems is market focus segment and mobility is market focused category. Whereas, mobility and other Industries falls into product& service categories.
For instance
- In February, DENSO CORPORATION has developed the world's first exhaust gas recirculation device (EGR) with integrated air intake throttle valve. DENSO announced that this new EGR design is half the size of conventional models and includes very few components of the standard ones, hence, reduction in costs. The machine is mounted in a diesel passenger car for sale in Europe. With the overview of stricter exhaust emission regulations worldwide, including Euro 6 standards in Europe, the system gained recognition throughout the market
The company has wide global presence across the globe such as Japan, Europe, Asia, North America and others. In addition to it, the company also generates its revenue from the various subsidiary companies such as Asmo CO., LTD(North Carolina), Denso Ten(Japan), Denso Techno Co., Ltd.(Japan) and others.
Robert Bosch GmbH
Robert Bosch GmbH is headquartered in Stuttgart, Germany and it was founded in year 1886. The company is a provider of technology and services for industrial technology, mobility solutions, consumer goods, and energy and building technology. The company offers wide range of product categories such as mobility, at home, industry and trades, connected products and services, market-specific solutions under which mobility is market focused category.
For instance,
- In January 2017, Robert Bosch GmbH and the MAHLE Group decided to buy the Bosch Mahle Turbo Systems (BMTS) from Bosch for their joint partnership. The Joint Venture was formed in 2008. It designs and manufactures turbochargers for the passenger cars and commercial vehicles. The production is based in St. Michael / Austria and Shanghai / China. BMTS is also present at two other sites which are Stuttgart and Blaichach throughout Germany. BMTS goods have an excellent reputation in the automotive industry due to the high quality and technology used in their manufacturing. They have received several business honours. With this partnership company expand its product portfolio as well as its business segments.
The company has presence in Europe, Americas, Middle East & Africa, Asia-Pacific with its various subsidiaries such as Bosch Rexroth AG (Germany), Bosch Thermotechnik GmbH (Germany), Bosch Emission Systems GmbH & Co. KG (Germany), Freud S.p.A. (Italy), Bosch Rexroth AS (Norway) among others.
Faurecia
Faurecia is headquartered in Nanterre, France which was founded in 1914. The company offers innovative automotive components such as interiors, clean mobility, electronics and seating for vehicles. The company has business segments which are seating, interiors, clean mobility and among others in which clean mobility is market focused segment.
- In May 2017, Faurecia and ZF Friedrichshafen AG, both are manufacturing companies of car parts, has formed a partnership to develop new vehicle interior products. Through this, the organization has expanded its product portfolio as well as provided a global customer base.
The company has wide global presence in Europe, North America, Asia, South America and South Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as Faurecia Argentina S.A. (Argentina), Faurecia Innenraum Systeme GmbH (Germany), Faurecia Emissions Control Technologies GmbH (Germany), Hug Engineering GmbH (Germany), Faurecia Interior Systems Pretoria (Pty), Ltd (South Africa) and others.
