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Asia-Pacific Exhaust Heat Recovery System Market – Industry Trends and Forecast to 2030

Automotive

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Asia-Pacific Exhaust Heat Recovery System Market – Industry Trends and Forecast to 2030

  • Automotive
  • Upcoming Report
  • Mar 2023
  • Asia-Pacific
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Asia-Pacific Exhaust Heat Recovery System Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 18,993.22 Million
Diagram Market Size (Forecast Year) USD 33,373.08 Million
Diagram CAGR %

Major Markets Players

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Asia-Pacific Exhaust Heat Recovery System Market, By Technology (Conventional, Upcoming Technology), Vehicle Type (Passenger Vehicle, Commercial Vehicle, Hybrid Vehicle), Energy Source (Fuel, Electric), Sales Channel (OEM, Aftermarket), Mode (Exhaust Gas Recirculation, Turbocharger, Organic Rankine Cycle, Thermoelectric Generator), Components (EGR Component, Turbocharger Component, Organic Rankine Cycle Component, Thermoelectric Generator Component) - Industry trends and forecast to 2030.

Asia-Pacific Exhaust Heat Recovery System Market

Asia-Pacific Exhaust Heat Recovery System Market Analysis and Size

The exhaust heat recovery system market is undergoing unheard-of changes due to technological advancements, rapid industrialization, and increasing urbanization. Vehicles are rapidly evolving, and with downsizing and weight reduction, smaller combustion engines are being preferred to larger ones with the same power capacity. Demand and deployment of smaller components, such as the exhaust heat recovery system, are gaining importance.

Data Bridge Market Research analyses that the exhaust heat recovery system market, valued at USD 18,993.22 million in 2022, will reach USD 33,373.08 million by 2030, growing at a CAGR of 7.30% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Asia-Pacific Exhaust Heat Recovery System Market Scope and Segmentation  

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015 - 2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Technology (Conventional, Upcoming Technology), Vehicle Type (Passenger Vehicle, Commercial Vehicle, Hybrid Vehicles), Energy Source (Fuel, Electric), Sales Channel (OEM, Aftermarket), Mode (Exhaust Gas Recirculation, Turbocharger, Organic Rankine Cycle, Thermoelectric Generator), Components (EGR Component, Turbocharger Component, Organic Rankine Cycle Component, Thermoelectric Generator Component)

Countries Covered

China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC)

Market Players Covered

FORVIA Faurecia (France), MAHLE GmbH (Germany), Continental AG (Germany), Dana Limited. (U.S.), DENSO CORPORATION (Japan), Marelli Holdings Co., Ltd. (Japan), Mitsubishi Electric Corporation (Japan), Hitachi, Ltd. (Japan), BOSAL (Belgium), Tenneco Inc. (U.S.), Rheinmetall AG (Germany)

Market Opportunities

  • The growing interest in turbochargers will uplift the market

Market Definition

An exhaust heat recovery system is a piece of equipment that recycles exhaust gases to increase engine efficiency and provide power to the engine. The wasted energy enhances the vehicle's overall performance and reduces greenhouse gas emissions. Many different parts, including turbochargers and exhaust gas recirculation systems, are used in an exhaust heat recovery system.

Exhaust Heat Recovery System Market Dynamics

Drivers

  • Growing demand for fuel economy and engine performance

Government initiatives to increase vehicle fuel efficiency have forced automakers to incorporate cutting-edge technology to lighten and improve the efficiency of their vehicles. The engine determines a vehicle's performance. As a result, automakers are pressured to create effective engines that simultaneously meet both requirements and deliver enhanced performance and fuel efficiency. To meet the corporate average fuel economy, exhaust heat recovery technologies, such as turbochargers and exhaust gas recirculation systems (EGR), are specifically designed to increase fuel efficiency. In particular, turbochargers operate without a power source and perform best at high engine speeds. Therefore, improved engine efficiency and performance are the main factors propelling the growth of the global exhaust heat recovery system market.

  • Downsizing the engine to lighten the vehicle

Engine downsizing is used in the automotive industry to produce vehicles by choosing smaller combustion engines over larger ones with the same power capacity. It results from automakers' efforts to provide cleaner-burning, more efficient vehicles frequently mandated by laws. The amount of engine friction is decreased by lowering the number of cylinders. With the help of exhaust heat recovery system innovations, total engine size has decreased while power output has remained or even increased. Moreover, the continued demand for vehicle manufacturers to comply with environmental emission regulations is a major factor in the growth of exhaust heat recovery system technology.

Opportunities

  • The growing interest in turbochargers

The exhaust heat recovery systems market has significant growth potential due to the rising use of turbochargers in gasoline engines. A turbocharger is used to compress more air before it enters the engine cylinder. The air that turbochargers use comes from the vehicle's exhaust system. Contrary to their counterparts with gasoline engines, nearly all modern diesel-powered cars are equipped with turbocharger technology. The turbochargers market is expanding because of consumer demand for better vehicle performance and rising fuel efficiency standards. The lightweight alloy is used to create turbochargers, which further reduce fuel consumption. As a result, the market for exhaust heat recovery system technology is anticipated to expand.

Restraints/Challenges

  • The growing interest in battery-powered automobiles

With issues such as climate change and efforts to achieve net zero emissions, the market for electric vehicles is expanding exponentially. The demand for electric vehicles has increased along with awareness of climate change, which has led to increased production of these vehicles. Furthermore, the development of the EV industry is aided by the favorable incentives and policies that governments of various nations have implemented to promote electric vehicles. The exhaust heat recovery systems market is being hampered by the production and sales of electric vehicles, which emit no emissions and don't need an exhaust system.

This exhaust heat recovery system market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the exhaust heat recovery system market contact Data Bridge Market Research for an analyst brief, our team will help you take an informed market decision to achieve market growth.

Asia-Pacific Exhaust Heat Recovery System Market Scope

The exhaust heat recovery system market is segmented based on technology, vehicle type, energy sources, sales channel, mode, and components. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Technology

  • Conventional
  • Upcoming Technology

Vehicle Type

  • Passenger Vehicle
  • Commercial Vehicle
  • Light Commercial Vehicle
  • High way vehicle
  • Construction Equipment's
  • Agriculture tractors
  • Heavy commercial vehicles
  • Truck
  • Buses
  • Hybrid Vehicle
  • HEVs
  • PHEVs

Energy Source

  • Fuel
  • Electric

Sales Channel

  • OEM
  • Aftermarket

Mode

  • Exhaust Gas Recirculation
  • Turbocharger
  • Organic Rankine Cycle
  • Thermoelectric Generator

Components

  • Exhaust Gas Recirculation (EGR) Component
  • Turbocharger Component
  • Organic Rankine Cycle Component
  • Thermoelectric Generator Component

Exhaust Heat Recovery System Market Regional Analysis/Insights

The exhaust heat recovery system market is analysed and market size insights and trends are provided by technology, vehicle type, energy sources, sales channel, mode, and components as referenced above.

The countries covered in the exhaust heat recovery system market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).

As a result of the increasing demand for exhaust heat recovery, China dominates the Asia-Pacific region. China has the highest no. of vehicles among the countries in the Asian region. Further, India will show the highest growth in the registered forecast period.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Exhaust Heat Recovery System Market Share Analysis

The exhaust heat recovery system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the exhaust heat recovery system market.

Some of the major players operating in the exhaust heat recovery system market are:

  • FORVIA Faurecia (France)
  • MAHLE GmbH (Germany)
  • Continental AG (Germany)
  • Dana Limited. (U.S.)
  • DENSO CORPORATION (Japan)
  • Marelli Holdings Co., Ltd. (Japan)
  • Mitsubishi Electric Corporation (Japan)
  • Hitachi, Ltd  (Japan)
  • BOSAL (Belgium)
  • Tenneco Inc. (U.S.)
  • Rheinmetall AG (Germany)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

The Asia-Pacific Exhaust Heat Recovery System Market is projected to grow at a CAGR of 7.30% during the forecast period by 2030.
The future market value of the Asia-Pacific Exhaust Heat Recovery System Market is expected to reach USD 33,373.08 million by 2030.
The major players in the Asia-Pacific Exhaust Heat Recovery System Market are FORVIA Faurecia (France), MAHLE GmbH (Germany), Continental AG (Germany), Dana Limited. (U.S.), DENSO CORPORATION (Japan), Marelli Holdings Co., Ltd. (Japan), Mitsubishi Electric Corporation (Japan), Hitachi, Ltd. (Japan), BOSAL (Belgium), Tenneco Inc. (U.S.), Rheinmetall AG (Germany).
The countries covered in the Asia-Pacific Exhaust Heat Recovery System Market are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).
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