Automotive
November 27, 2020

Automotive Regenerative Braking System Market Insights 2020: Business Opportunity, Future Scope

Market Research Future (MRFR) in its new research study, asserts that the Global Automotive Regenerative Braking System Market is booming and expected to grow exponentially over the review period. An automotive regenerative braking effectively converts a vehicle’s kinetic energy into electrical energy. This can underpin the expansion of the automotive regenerative braking market. The availability of various energy storage units that are used in regenerative braking system, such as batteries, flywheel, ultra-capacitors, and others can improve the impetus of the global automotive regenerative braking market. The use of regenerative braking system allows the savings of transmitted energy. The prevention of momentum loss achieved by automotive regeneration system can drive the automotive regenerative braking system market.

As per MRFR study, the automotive regenerative braking system global market can surge at 11% CAGR by 2023. The rise in the production and sales of automobiles and subsequent increase in greenhouse gas emissions at a high rate can spur the expansion of the market. The significant contribution of automotive regenerative braking to curb air pollution can significantly increase the market growth. High death rate has been reported due to decline in the air quality.

Governments across the globe are launching programs and policies to reduce vehicle emission. Automakers are adopting green technologies to manage fuel consumption by vehicles in order to decrease emission. The high rate of adoption of regenerative braking system in passenger and commercial can drive the market growth.

Key Players

MRFR identified prominent players operating in the automotive regenerative braking system global market. They are; Robert Bosch GMBH (Germany), Continental AG (Germany), ZF Friedrichshafen AG (Germany), Hyundai Mobis (South Korea), ADVICS North America, Inc. (US), Denso Corporation (Japan), Mazda Motor (Japan), Autoliv Nissin Brake Systems Co., Ltd. (Japan), Faurecia SA (France), Delphi Automotive PLC (US), and TRW automotive (US) among others.

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Segmental Outlook

·         The vehicle type-based segments of the market are passenger vehicles, two wheelers, and commercial vehicles.

·         The system type-based segments of the market are hydraulics, flywheel, battery, and ultra-capacitors. The electric vehicle segments are hybrid electrical vehicle, battery vehicle, and plug-in hybrid electrical vehicle.

Regional Outlook

The worldwide automotive regenerative braking system market has been studied across different regions. The regional segments of the market are Asia-Pacific, North America, Europe, and the Rest of the World. The automotive regenerative braking market in North America is expected to surge at a rapid pace. Currently, the US market is dominating in the global market.

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Major Highlights of TOC Covers:

1.      Executive Summary

2.      Key Business Trends

3.      Regional Trends and Growth

4.      Product Trends

5.      End-use Trends

6.      Definition and Forecast Parameters

7.      Automotive regenerative braking system Market Segmentation

8.      Automotive regenerative braking system Market Landscape

More…

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