Automotive Regenerative Braking Market – Global Industry Forecast & Analysis over 2020 - 2026

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Automotive Regenerative Braking Market To Surpass
USD 6 Billion By 2026
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• Automotive Regenerative Braking Market Scenario

• Global Market Insights, Inc., estimates that the
  automotive regenerative braking market could
  surpass USD 6 billion by the year 2026.
• The automotive regenerative braking market is set
  to record remarkable revenue growth owing to
  increasing customer inclination towards efficient
  and sustainable electric vehicles. Regenerative
  braking systems usually recovers wasted energy
  generated from brake friction and transfers that
  power to the motor, which is later used to power
  the vehicle.
• Lately, electric vehicles have gained immense
  traction as more people prefer greener mobility
  alternatives. These vehicles use regenerative
  brakes to generate backup power that increases
  its efficiency. Rising adoption of regenerative
  braking systems among hybrid and electric
  automotive could significantly improve the
  industry outlook.
• Rapid development of electric power stations
  across both developing and developed countries
  could strengthen the automotive regenerative
  braking industry landscape. While robust
  technological advancements that complement
  component efficiency could boost the adoption
  rate of these systems across diverse vehicle
  segments.

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• In terms of type, the automotive regenerative
  industry is bifurcated into hydraulic
  regenerative braking system, electric
  regenerative braking system, and kinetic
  regenerative braking system. Electric
  regenerative braking system is one of the most
  commonly used types as it manages to generate
  power through motor while brakes are sudden hit.
• Based on propulsion, the industry is segmented
  into PHEV, BEV and HEV. In 2020, BEV held more
  than 50 of the overall automotive regenerative
  braking market share owing to surging federal
  initiatives to promote the use of renewable
  energy in order to curb increasing carbon
  emission.
• The two-wheelers segment, on the other hand, is
  expected to contribute nearly 13 CAGR to the
  global automotive regenerative braking market
  over the predicted timeframe. Electric bikes are
  generally lightweight compared to traditional IC
  two-wheelers and have superior maneuverability
  skills in congested regions. Motor brake
  companies are constantly working on expanding
  their product lineup to attract more customers.

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• Regional Analysis

• On the geographical landscape, Latin America is
  considered to be a promising market for regional
  automotive regenerative braking companies. The
  region is witnessing a steady rise in electric
  vehicle sales. Authorities in the region are
  laying stern environmental policies to curb GHG
  emissions. Such regulations could play a vital
  role in stimulating the demand for automotive
  regenerative braking systems in LATAM.

• Competitive Analysis

On the geographical landscape, Latin America is
considered to be a promising market for regional
automotive regenerative braking companies. The
region is witnessing a steady rise in electric
vehicle sales. Authorities in the region are
laying stern environmental policies to curb GHG
emissions. Such regulations could play a vital
role in stimulating the demand for automotive
regenerative braking systems in LATAM.
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