Exhaust Heat Recovery System Market
Overview
The Exhaust
Heat Recovery System Market Size to reach USD $60,926 Million by 2030,
registering an 8.1% CAGR during the forecast period 2023 -2030
The upsurge in demand for diesel vehicles
is projected to bolster the Exhaust Heat Recovery System Market share
considerably in the forecast period. The increased inclination towards the
commercial vehicle segment is estimated to bolster the Exhaust Heat Recovery
System Market stake.
Exhaust
Heat Recovery System Market Segmental Analysis
The segmental study of the Exhaust Heat
Recovery System Market is conducted on the basis of the component, technology,
region, and vehicle. Based on the components, the Exhaust Heat Recovery System
Market is segmented into TEG module, condenser, EGR valve & cooler,
turbine, compressor, evaporator, and others.
On the basis of technology, the Exhaust
Heat Recovery System Market is segmented into ORC, EGR, turbocharger TEG among
others. Based on the vehicle, the Exhaust Heat Recovery System Market is
segmented into truck, bus, hybrid, light commercial vehicle (LCV), P.C., and
overhead valve engine (OHV). Based on the regions, the Exhaust Heat Recovery
System Market is segmented into Europe, the Americas, Africa, Asia Pacific, the
Middle East, and the Rest of the World (ROW).
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Key Players:
- Faurecia
(France)
- Mahle
(Germany)
- Continental
(Germany)
- Denso
(Japan)
- Valeo
(France)
- Dana (US)
- Calsonic
Kansei (Japan)
- Delphi
Technologies (UK)
- Mitsubishi
Electric (Japan)
- Hitachi
Ltd. (Japan)
- Bosal
(Belgium)
- Tenneco
Inc. (US)
- Borgwarner
Inc. (US)
Exhaust
Heat Recovery System Market Detailed Regional Analysis
The regional investigation of the Exhaust
Heat Recovery System Market size includes regions such as Europe, the Americas,
Africa, Asia Pacific, the Middle East, and the Rest of the World (ROW). Among the regions studied, the
Americas region is the leading market in the Exhaust Heat Recovery System
Market. Strict regulations put into practice by the government, along with a
variety of environmental organizations to save energy, are inspiring the Exhaust
Heat Recovery System Market in the Americas. In the region, the nation of the
United States (U.S) is a key contributor, supported by well-built economic
growth as well as speedy industrialization in the country.
The regional market in the Asia Pacific is
mounting at the most exceptional rate as a consequence of the elevated
industrialization balancing with the mounting significance of sustainable
energy in up-and-coming markets, chiefly in China and India. Also, the
flourishing manufacturing sector in the region is expected to benefit the Exhaust
Heat Recovery System Market in the region. Also, the countries of Japan,
Australia, China, and Singapore are well-known contributors to the Exhaust Heat
Recovery System Market in the region.
Exhaust
Heat Recovery System Market Competitive Analysis
The expansion of the market has currently
come close to a standstill with government agencies and trade bodies,
introducing a stimulus to pick up the pace of development in the global market.
Current disequilibrium in the market forces has led to the market players
adopting a more cautious approach to growth and development strategies. The
planning and forecasting for human capital in the market is estimated to be a
crucial area for focus in the years ahead.
Advances in production style and
technologies are estimated to gain precedence in the coming years as areas of
innovation. The support provided by regulations is estimated to stave off the
effects of the downturn considerably in the coming period. The recalibration of
the supply chain is estimated to be another area for market expansion in the
upcoming period. The currency inflow is estimated to be restricted in the
upcoming period, which may create further problems for the overall market
growth.
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