Middle East and Africa Exhaust Heat Recovery System Market – Industry Trends and Forecast to 2030

Middle East and Africa Exhaust Heat Recovery System Market, By Component (Exhaust Gas Recirculation (EGR) Valve and Cooler, Turbine, Thermoelectric Generator (TEG) Module, Compressor, Evaporator, Condenser, Expander, Pump, Thermoelectric Module, Heat Exchanger), Technology (Exhaust Gas Recirculation (EGR), Thermoelectric Generator (TEG), Organic Rankine Cycle (ORC), Turbocharger, and Others), Vehicle Type (Passenger Vehicle, Commercial Vehicle), Hybrid Vehicles (Electric, Plug-in), Off-Highway Vehicles (Construction Equipment, Agriculture Tractors), Energy Source (Fuel, Electric), Sales Channel (OEM, Aftermarket) – Industry Trends and Forecast to 2030.

Middle East and Africa Exhaust Heat Recovery System Market Analysis and Size

Pollution testing ensures a car complies with current emissions laws before being released. The emissions laws vary from nation to nation but are becoming stricter. A car's fuel consumption and CO2 emissions are inversely correlated. Therefore, automotive industries must lower fuel consumption to comply with these strict regulations. The exhaust heat recovery system can lower their vehicle's fuel consumption by converting this waste heat into electricity. As a result, there is a rise in demand for exhaust heat recovery systems, which is likely to boost market expansion.

Data Bridge Market Research analyses that the exhaust heat recovery system market, valued at USD 1,345.39 million in 2022, will reach USD 1,972.67 million by 2030, growing at a CAGR of 4.9% 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.

Middle East and Africa Exhaust Heat Recovery System Market Scope and Segmentation  

Market Definition

An exhaust heat recovery system converts the energy from waste heat into electrical energy for batteries or mechanical energy reinserted on the crankshaft. As automakers strive to cut emissions, improve efficiency, and conserve fuel, demand for this technology is rising. Recycled exhaust gases are used in equipment such as an exhaust heat recovery system to power engines and increase engine efficiency. The energy lost boosts the vehicle's efficiency and reduces greenhouse gas emissions. Numerous parts, including turbochargers and exhaust gas recirculation systems, are used in an exhaust heat recovery system.

Exhaust Heat Recovery System Market Dynamics

Drivers

• Exhaust gas recirculation (EGR) technology is becoming more popular, which surges the market growth

The EGR valve, typically closed, is the main part of the exhaust gas recirculation (EGR) system. Exhaust heat recovery system demand is fuelled by the exhaust gas recirculation (EGR) valve, which regulates the flow of recirculated exhaust gas based on engine load. Since it helps to reduce the emission of harmful gases, exhaust gas recirculation (EGR) technology is used by most auto manufacturers in their cars. Given these advantages, exhaust gas recirculation (EGR) technology is expected to experience rising demand over the forecast period.

• Reducing the engine size to make the vehicle lighter booms the exhaust heat recovery system market

The automotive industry uses engine downsizing to create vehicles by deciding on smaller combustion engines over larger ones with the same power. It results from automakers' efforts to produce more effective, cleaner-burning vehicles, which are frequently required by law. Reducing the number of cylinders reduces the amount of engine friction. Exhaust heat recovery system advancements have reduced overall engine size while maintaining or even increasing power output. The continued pressure on automakers to adhere to environmental emission standards is also a significant driver of the exhaust heat recovery system technology development.

Opportunities

• The growing interest in turbochargers surges the market growth

The increasing use of turbochargers in gasoline engines presents a significant growth opportunity for the exhaust heat recovery systems market. Before entering the engine cylinder, more air is compressed using a turbocharger. Turbochargers draw their air supply from the vehicle's exhaust system. Modern cars with diesel engines are almost universally equipped with turbocharger technology, unlike those with gasoline engines. The market for turbochargers is growing through the rising fuel efficiency standards and consumer demand for better vehicle performance. Turbochargers are made using lightweight alloy, which further lowers fuel consumption. As a result, the market for exhaust heat recovery system technology is anticipated to grow.

• Exhaust heat recovery systems are becoming more and more necessary to preserve exhaust heat

The need for an exhaust heat recovery system eventually rises with the increasing use of exhaust heat for auxiliary purposes such as oil cooling and HVAC (heating, ventilation, and air conditioning). During the anticipated period, it is anticipated that the rising demand for exhaust heat recovery systems to maintain exhaust heat will present new lucrative market expansion opportunities.

Restraints/Challenges

• Increased demand for electric vehicles creates a drawback to market expansion

The market for electric vehicles is growing rapidly due to concerns such as climate change and efforts to achieve net zero emissions. Additionally, the favorable incentives and policies put in place by various governments to promote electric vehicles have helped the growth of the EV industry. The development and adoption of electric vehicles, which don't produce any emissions and don't require an exhaust system, are impeding the market for exhaust heat recovery systems.

• The high cost of exhaust heat recovery systems can restraint the market growth

The installation and upkeep of exhaust heat recovery system systems are very expensive due to their complexity. As a result, installing the system requires significant capital investment, which only large industries can afford. Small and medium-sized businesses cannot afford such high costs. As a result, the high cost of exhaust heat recovery systems will further restrain the market growth.

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.

Recent Developments

• In 2020, EGR technology, which complies with India's BS-VI regulations and CAFÉ (Corporate Average Fuel Economy) standards, was introduced by BorgWarner. Its 1.5 L gasoline engine, created to meet the new BS-VI emission norms, provides new cutting-edge components to a market leader's European and Indian plants. The manufacturer will be helped by this technology to meet India CAFÉ CO2 emission standards, which are currently set at 130 g/km and are expected to drop to 113 g/km by 2022. 

Middle East and Africa Exhaust Heat Recovery System Market Scope

The exhaust heat recovery system market is segmented on the basis of component, technology, vehicle type, hybrid vehicles, off highway vehicles, energy source and sales channel. 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.

Component

• Exhaust Gas Recirculation (EGR) Valve and Cooler
• Turbine
• Thermoelectric Generator (TEG) Module
• Compressor
• Evaporator
• Condenser
• Expander
• Pump
• Thermoelectric Module
• Heat Exchanger

 Technology

• Exhaust Gas Recirculation (EGR)
• Thermoelectric Generator (TEG)
• Organic Rankine Cycle (ORC)
• Turbocharger
• Others

Vehicle Type

• Passenger Vehicle
• Commercial Vehicle

Hybrid Vehicles

• Electric
• Plug-in

Off-Highway Vehicles

• Construction Equipment
• Agriculture Tractors

Energy Source

• Fuel
• Electric

Sales Channel

• OEM
• Aftermarket

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 country, component, technology, vehicle type, hybrid vehicles, off highway vehicles, energy source and sales channel as referenced above.

The countries covered in the exhaust heat recovery system market report are 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)

The UAE is growing in the Middle East and Africa exhaust heat recovery system market due to the high investment in high-end low emission automotive technologies. Also, the country has a higher presence of high-end vehicles with advanced exhaust heat recovery systems.

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 such as 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 exhaust heat recovery system market.

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

• Mitsubishi Electric Corporation (Japan)
• MAHLE GmbH (Germany)
• Valeo (France)
• Delphi Technologies (U.K.)
• Eberspächer (Germany)
• DENSO CORPORATION (Japan)
• Robert Bosch GmbH (Germany)
• Honeywell International Inc. (U.S.)
• IHI Corporation (Japan)
• BorgWarner Inc. (U.K.)
• Marelli Holdings Co., Ltd. (Japan)
• Sensata Technologies Inc. (U.S.)
• Faurecia (France)
• Calsonic Kansei Corporation (Japan)
• Continental AG (Germany)
• BOSAL (Belgium)
• Dana Limited (U.S.)
• Schaeffler AG (Germany)