Automotive Regenerative Braking System Market Overview
As per MRFR findings, the automotive
regenerative braking system (RBS) market rise is expected to be about 11%
CAGR by 2023. The high utility of automotive regenerative braking system for energy
recovery mechanism in which it convert the produced heat from friction in the brakes
of the vehicle into electrical energy can prompt the expansion of the market.
The increased input by high-voltage batteries, followed by high demand per
vehicle can bolster the expansion of the market in the years to come.
This emergence of braking system can
curb vehicular emissions from that of conventional vehicles can propel the
expansion of the global market of automotive regenerative braking system market.
The feasibility of heat transfer to power consuming system or batteries can
from brakes can promote the rise of the world automotive regenerative braking
system market. The automotive RBS market significant expansion can be
attributed to benefits, such as high performance of vehicles, reduced wear and
tear of the braking system, and replacement of conventional braking system can
boost the expansion of the automobile regenerative braking system.
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Report of Automotive Regenerative Braking System Market
Segmental Analysis
The segment study of the automotive
regenerative braking system global market based on system type, vehicle type,
and electrical vehicle. The vehicle type based segments are passenger vehicles,
commercial vehicles, and two wheelers. The system type based segments of the
market are hydraulics, battery, flywheel, and ultra-capacitors. The electric
vehicle segment comprises hybrid electrical vehicle, battery vehicle, and
plug-in hybrid electrical vehicle. The global RBS market can be driven by the high
demand of fuel-efficient vehicles and the growing concern for pollution among
people. In addition, the high sales of electric cars, plus the reduction in
brake wear and tear can prompt the expansion of the automotive regenerative
braking system. Major restraints on the market are increased overall costing
and high maintenance price along with brake system overhauling. In addition,
the growing demand of electric vehicles for public transport system can boost
the expansion of the market. The rise of the automotive RBS market can be
credited to advancements in two-wheeler RBS and high opportunities for the expansion
of the automotive regenerative braking system market through the assessment
period.
Regional Study
Geographically, the study of the
regenerative braking system market is based on Europe, North America, followed
by Asia-Pacific and the Rest of the World. The automotive regenerative braking
system market in North America can dominate the world automotive RBS market through
the review period. The presence of well-known marketers and the high penetration
of electrical vehicles can prompt the expansion of North America automotive
regenerative braking system in the years to come. In Asia Pacific, the
automotive RBS market is likely to rise at a high growth rate in the forecast
period. The increase in purchasing power of people and rapid globalization can
prompt the regional market rise owing to the rise in the penetration of plug-in
and hybrid electric vehicles can prompt the expansion of the market in China
and Japan.
Key Players
MRFR profiled some important
names in the automotive regenerative braking global system market. They are; ZF
Friedrichshafen AG (Germany), Robert Bosch GMBH (Germany), Denso Corporation
(Japan), Delphi Automotive PLC (US), Hyundai Mobis (South Korea), ADVICS North
America, Inc. (US), Mazda Motor (Japan), Continental AG (Germany), TRW
automotive (US, Autoliv Nissin Brake Systems Co., Ltd. (Japan), Faurecia SA
(France), are among others.
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