Global Automotive Regenerative Braking System Market, By Storage Type (Battery, Flywheel, Ultracapacitors, Hydraulics), Electric Vehicle Type (HEV, PHEV, BEV), Vehicle Type (Passenger Cars, Commercial Vehicles, Two-Wheelers), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Automotive Regenerative Braking System Market
The automotive regenerative braking system market is expected to witness market growth at a rate of 12.53% in the forecast period of 2021 to 2028. Data Bridge Market Research report on automotive regenerative braking system market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The growing technological advancements complementing component efficiency is escalating the growth of automotive regenerative braking system market.
Automotive regenerative braking system refers to a type of component that is installed in vehicles for the saving of energy and emissions when the brakes are applied. At the time when the brakes are applied in a vehicle, energy utilized in the mobility of the vehicle is destroyed and emitted in the form of heat. This energy is used by regenerative braking system to sort and convert into electrical energy that applied for comfort and infotainment purposes.
The increasing need for regenerative braking system (RBS) as a measure to harvest energy generated during braking, rise in concerns regarding traffic congestion and the high usage of RBS to convert kinetic energy into electrical energy which can be stored in a battery or used during acceleration are the major factors driving the automotive regenerative braking system market. The co-dependence of RBS and storage systems on each other’s efficiency to increase the mile range in the electric vehicles and save cost during traffic congestion, and adoption of RBS in electric buses and coaches accelerate the automotive regenerative braking system market growth. The popularity of RBS in electric buses as it exhibits high mile range, initiatives taken by government for environment-friendly buses across the world such as hybrid buses or electric buses and high demand as these RBS system reduces carbon emission and cost of fuel influence the automotive regenerative braking system market. Additionally, increase in need for fuel efficiency, high production and sales of vehicles, integration of advanced technologies and rising demand for eco-friendly vehicles positively affect the automotive regenerative braking system market. Furthermore, technological advancement in the systems extends profitable opportunities to the automotive regenerative braking system market players in the forecast period of 2021 to 2028.
On the other hand, the high cost for installation and maintenance and the increasing concerns regarding the complications in integration of the system in vehicles are factors expected to obstruct the automotive regenerative braking system market growth. The issues with the increasing weightage of the vehicles due to its installation are projected to challenge the automotive regenerative braking system market in the forecast period of 2021 to 2028.
This automotive regenerative braking 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 automotive regenerative braking 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.
Automotive Regenerative Braking System Market Scope and Market Size
The automotive regenerative braking system market is segmented on the basis of storage type, electric vehicle type and vehicle type. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of storage type, the automotive regenerative braking system market is segmented into battery, flywheel, ultracapacitors and hydraulics.
- On the basis of electric vehicle type, the automotive regenerative braking system market is segmented into HEV, PHEV and BEV.
- On the basis of vehicle type, the automotive regenerative braking system market is segmented into passenger cars, commercial vehicles and two-wheelers.
Global Automotive Regenerative Braking System Market Country Level Analysis
The automotive regenerative braking system market is analyzed and market size, volume information is provided by country, storage type, electric vehicle type and vehicle type as referenced above.
The countries covered in the global automotive regenerative braking system market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the automotive regenerative braking system market because of the presence of key market players and high penetration of electrical vehicles. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 because of the growing urbanization, increasing purchasing power, high production and sale of automobiles and rising penetration of hybrid and plug-in hybrid electric vehicles in the region.
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 Automotive Regenerative Braking System Market Share Analysis
The automotive regenerative braking 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, 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 automotive regenerative braking system market.
The major players covered in the automotive regenerative braking system market report are Robert Bosch GmbH, Continental AG, Autoliv Inc., ZF Friedrichshafen AG, Skeleton Technologies, MAXWELL TECHNOLOGIES, INC., Brembo, Tesla, Toyota Motor Corporation, Hitachi Automotive Systems, Ltd., Mazda Motor Corporation, ADVICS CO.,LTD., DENSO CORPORATION, NISSIN KOGYO CO,LTD., Mazda Motor Corporation, BorgWarner Inc., Faurecia among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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