Automotive Energy Recovery Systems Market to Reflect Steady Growth Rate by 2030

1
Global automotive energy recovery systems market
is forecast to expand to US 31.2 Billion by the
end of 2030 Explore the dynamic landscape of the
Automotive Energy Recovery Systems Market, where
innovation meets sustainability, driving the
future of automotive technology with efficient
energy recovery solutions for enhanced
performance and eco-friendly driving
experiences. Automotive Energy Recovery Systems
harness and repurpose energy typically lost
during vehicle operation to enhance efficiency.
These systems capture and store energy generated
during braking or deceleration, converting it
into usable power for various vehicle functions.
By recycling energy that would otherwise
dissipate as heat, Automotive Energy Recovery
Systems contribute to fuel efficiency and reduced
environmental impact, aligning with the
automotive industry's drive towards
sustainability and eco-friendly solutions. The
global automotive energy recovery systems market
is forecast to expand at a CAGR of 7.1 and
thereby increase from a value of US 19.3 Billion
in 2023, to US 31.2 Billion by the end of 2030.
The increasing focus on electric and hybrid
vehicles, advancements in energy recovery
technologies, and regulatory pressures favoring
sustainable automotive solutions are key drivers
of market expansion. The escalating demand for
Automotive Energy Recovery Systems (AERS) is
propelled by stringent fuel efficiency and
emission reduction regulations worldwide. As
governments globally prioritize environmental
sustainability, automakers are compelled to adopt
innovative technologies. AERS plays a pivotal
role by capturing and utilizing wasted energy,
thereby enhancing fuel efficiency and reducing
emissions. With consumers and regulatory bodies
alike emphasizing eco-friendly transportation,
the automotive industry is witnessing a paradigm
shift towards AERS integration. This surge in
demand reflects a collective effort to meet
environmental standards, promoting cleaner and
more sustainable mobility solutions for a greener
future.
2
Seeking Deeper Insights into Competitor Analysis?
Request a Sample of the Report Now!
https//www.persistencemarketresearch.com/samples/
33575 Automotive Energy Recovery Systems Market
Report Scope
Report Coverage Details
Market Revenue 2023 US 19.3 Billion
Estimated Revenue 2030 US 31.2 Billion
Growth Rate CAGR 7.1
Forecast Period 2023-2030
No. of Pages 174 Pages
Key Market Segments Covered Subsystem Vehicle Type Region
Regions Covered North America Latin America Europe South Asia Pacific East Asia The Middle East Africa
Key Companies Profiled BorgWarner Inc Robert Bosch GmbH Hyundai Motors Group Mitsubishi Electric Corporation Cummins Inc Tenneco Inc. Honeywell International Inc.
Propelling the Future Latest Innovations in AERS
Design and Efficiency The Aerospace industry is
constantly evolving, fueled by a relentless
pursuit of advancements in efficiency, safety,
and performance. Within this dynamic landscape,
Advanced Electric and Hybrid- Electric Propulsion
(AERS) technologies are emerging as
game-changers, promising a cleaner and
3
more sustainable aviation future. Let's delve
into the latest innovations driving this exciting
transformation. Electrification Takes Flight
Electric motors are making their mark in the
aviation world. Distributed electric propulsion
(DEP) utilizes multiple electric motors, powering
smaller propellers for increased efficiency and
reduced noise. This technology promises
significant fuel savings and emissions
reductions, particularly for regional and urban
air mobility (UAM) applications. Hybrid Power for
Long-Range Hybrid-electric configurations are
bridging the gap between electric and
conventional aircraft. These systems combine
electric motors with gas turbines, offering the
best of both worlds electric power for
low-altitude flight and efficient turbine power
for long-range cruising. This approach paves the
way for cleaner, quieter air travel on longer
routes. Fuel Cell Revolution Hydrogen fuel cells
are poised to revolutionize AERS. They offer the
potential for zero-emission flights, with water
being the only byproduct. While still in its
early stages, fuel cell technology is rapidly
evolving, holding immense promise for sustainable
long-distance aviation. Materials Innovation
Advanced materials are playing a crucial role in
AERS development. Lighter, stronger composites
are being utilized for airframe construction,
reducing weight and improving fuel efficiency.
Additionally, innovative materials for batteries
and energy storage systems are being explored to
increase range and performance. Intelligent
Optimization Artificial intelligence (AI) and
machine learning (ML) are finding their way into
AERS design and optimization. These powerful
tools are being used to develop more efficient
aircraft configurations, optimize flight paths,
and improve engine performance. This data-driven
approach promises to revolutionize AERS design
and operation. A Collaborative Approach The AERS
revolution is being fueled by a collaborative
effort between government agencies, industry
leaders, and research institutions. This
collective approach is critical to accelerate
innovation, overcome technological barriers, and
usher in a new era of sustainable aviation. key
drivers and challenges influencing the market
growth The market growth of any industry is
influenced by a myriad of factors, with key
drivers and challenges playing pivotal roles. Key
Drivers Technological Advancements Rapid
technological innovations drive market growth by
introducing new products, improving efficiency,
and enhancing overall competitiveness. Globalizati
on Increased international trade and
globalization open up new markets, providing
opportunities for expansion and revenue
growth. Consumer Demand Understanding and
meeting consumer needs and preferences fuel
market growth, prompting companies to innovate
and tailor products to changing
tastes. Government Policies Favorable regulatory
environments and government incentives can
stimulate market growth by encouraging
investment, research, and development.
4
Economic Conditions Overall economic health,
including factors like GDP growth and low
unemployment, positively impact market growth as
consumers tend to spend more. Challenges Regulato
ry Hurdles Stringent regulations and compliance
requirements can pose challenges, hindering
market growth and increasing operational costs
for businesses. Market Saturation In mature
industries, saturation limits new opportunities,
making it difficult for companies to achieve
significant growth without diversification or
innovation. Supply Chain Disruptions Events such
as natural disasters, geopolitical tensions, or
global health crises can disrupt supply chains,
impacting production and distribution, and
challenging market stability. Technological
Risks Rapid technological changes can be a
double-edged sword, presenting both opportunities
and challenges as companies must continually
adapt to stay competitive. Economic Downturns
Economic recessions and downturns can lead to
reduced consumer spending, tightened budgets, and
decreased business investments, posing
significant challenges to market
growth. competitive landscape, including
prominent players The competitive landscape of
the Automotive Energy Recovery Systems (ERS)
market is characterized by several prominent
players striving for market share. Major players
in this industry include Bosch, Continental AG,
Denso Corporation, Ricardo plc, and Tenneco Inc.
These companies are at the forefront of
developing innovative energy recovery solutions
for automobiles. Bosch, a leading global
technology and services provider, has been a key
player in the automotive ERS market, offering
solutions that enhance fuel efficiency and reduce
emissions. Continental AG, another major player,
is known for its advancements in regenerative
braking systems and other energy recovery
technologies. Denso Corporation, a global
automotive components manufacturer, has been
actively involved in the development of energy
recovery systems, contributing to the overall
competitiveness of the market. Ricardo plc,
specializing in engineering and strategic
consulting, provides expertise in the design and
implementation of energy recovery
technologies. Tenneco Inc., a multinational
company, is recognized for its solutions in
emission control and energy recovery, catering to
the automotive industry. Market share
distribution among these players may vary, and
new entrants could have emerged since my last
update, so it's essential to refer to the latest
market reports for the most current information
on the competitive landscape in the Automotive
Energy Recovery Systems market. In a nutshell,
the Persistence Market Research report is a
must-read for start-ups, industry players,
investors, researchers, consultants, business
strategists, and all those who are looking to
understand this industry. Get a glance at the
report at - https//www.persistencemarketresearch.
com/market-research/automotive-energy-
recovery-systems-market.asp Recent mergers
acquisitions and strategic partnerships in the
AERS industry
5
The Automotive Energy Recovery Systems (ERS)
market is experiencing significant growth, driven
by rising fuel efficiency regulations and
increasing demand for hybrid and electric
vehicles. This has led to several recent mergers,
acquisitions, and strategic partnerships aimed at
consolidating market share, expanding
technological expertise, and gaining access to
new markets. Notable MA deals BorgWarner Inc.
acquired Delphi Technologies' thermal products
business for 3.3 billion in 2020. This deal
significantly strengthened BorgWarner's position
in the ERS market, particularly in the area of
turbochargers and wastegate actuators. Parker
Hannifin Corp. acquired LORD Corporation for 3.7
billion in 2021. This acquisition gave Parker
Hannifin access to LORD's expertise in vibration
damping and noise control technologies, which
are crucial components in ERS systems. Key
strategic partnerships Continental AG and
Schaeffler AG announced a joint venture in 2022
to develop and manufacture electric axle drives.
This partnership combines the expertise of both
companies in electric motors, power electronics,
and transmission systems, creating a strong
player in the growing market for electric vehicle
drivetrains. Bosch GmbH and ZF Friedrichshafen AG
signed a memorandum of understanding in 2023 to
collaborate on the development of automated
driving technologies. This collaboration could
have significant implications for ERS systems, as
automated driving vehicles will require more
efficient and advanced energy management
solutions. These recent MA and strategic
partnerships highlight the increasing
competitiveness and dynamism of the Automotive
ERS market. As the market continues to grow, we
can expect to see further consolidation and
collaboration among players to stay ahead of the
curve. Future growth prospects The Automotive
Energy Recovery Systems Market is poised for
robust growth in the coming years as the
automotive industry continues to embrace
sustainability and efficiency. With a global
shift toward electric vehicles (EVs) and
stringent environmental regulations, automotive
manufacturers are increasingly integrating energy
recovery systems to enhance fuel efficiency and
reduce emissions. The growing adoption of
regenerative braking systems, which capture and
store energy during deceleration, is a key driver
for market expansion. Additionally, advancements
in technology, such as improved energy storage
solutions and innovative power electronics, are
contributing to the market's evolution. The rise
of hybrid and electric vehicles is a significant
catalyst for the Automotive Energy Recovery
Systems Market, with automakers investing heavily
in research and development to optimize energy
recovery from braking, exhaust gases, and other
sources. As battery technologies continue to
improve, the efficiency and feasibility of energy
recovery systems are expected to further
increase, driving market growth.
6

• Moreover, governments worldwide are incentivizing
  the adoption of green technologies, providing
  further impetus to the automotive energy recovery
  sector. The market's future is also shaped by
  ongoing collaborations between automotive
  manufacturers and technology providers to develop
  cutting-edge solutions. In summary, the
  Automotive Energy Recovery Systems Market is on a
  trajectory of sustained growth, driven by
  technological innovations, environmental
  considerations, and the global transition towards
  cleaner and more sustainable transportation
  solutions.
• Read More Trending PMR Exclusive Article
• Energy Harvesting Market
• Energy Storage Market
• Intelligent Energy Storage Systems Market
• Electric Vehicles Market
• Automotive Lithium Ion Battery Market
• About Persistence Market Research
• Business intelligence is the foundation of every
  business model employed by Persistence Market
  Research. Multi-dimensional sources are being put
  to work, which include big data, customer
  experience analytics, and real-time data
  collection. Thus, working on micros by
  Persistence Market Research helps companies
  overcome their macro business challenges.
• Persistence Market Research is always way ahead
  of its time. In other words, it tables market
  solutions by stepping into the companies/clients
  shoes much before they themselves have a sneak
  pick into the market. The pro-active approach
  followed by experts at Persistence Market
  Research helps companies/clients lay their hands
  on techno-commercial insights beforehand, so that
  the subsequent course of action could be
  simplified on their part.
• Contact Us
• Persistence Market Research Teerth Technospace,
  Unit B-704 Survey Number - 103, Baner Mumbai
  Bangalore Highway Pune 411045, India
• Email sales_at_persistencemarketresearch.com
• Web https//www.persistencemarketresearch.com