Automotive Regenerative Braking System Market by Application
Automotive Regenerative Braking System Market By Storage Type (Battery, Flywheel, Ultracapacitors, Hydraulics), Electric Vehicle Type (HEV, PHEV, BEV), Vehicle Type (Passenger Cars, Commercial Vehicles, Two-Wheelers), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Automotive Regenerative Braking System Market
Global Automotive Regenerative Braking System Market is expected to undergo healthy growth in the forecast period of 2019-2026. The report contains data from the base year of 2018, and the historic year of 2017. This rise in market value can be attributed to the growth of the overall electric vehicles and services segment.
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Market Definition: Automotive Regenerative Braking System Market
Automotive regenerative braking system is a type of component that is installed in vehicles for the saving of energy and emissions whenever brakes are applied. Whenever brakes are applied in a vehicle, energy that was used in the mobility of the vehicle is destroyed and emitted in the form of heat, regenerative braking system uses this energy storing it and converting it into electrical energy which is subsequently applied for comfort and infotainment purposes.
Market Drivers:
- Increased demand for fuel-efficient systems and components resulting in environment friendly vehicles
- Enhanced performance of vehicles and batteries due to the storage of electrical energy and their subsequent applications in various components; this factor is expected to act as a driver for the market growth
Market Restraints:
- Complications in integration of the system in vehicles is expected to act as a restraint to the market growth
- Increase in the weightage of the vehicles due to its installation is expected to act as a restraint to the market growth
Segmentation: Automotive Regenerative Braking System Market
- By Storage Type
- Battery
- Flywheel
- Ultracapacitors
- Hydraulics
- By Electric Vehicle Type
- Hybrid Electric Vehicle (HEV)
- Plug-In Hybrid Electric Vehicle (PHEV)
- Battery Electric Vehicle (BEV)
- By Vehicle Type
- Passenger Cars
- Commercial Vehicles
- Two-Wheelers
- By Geography
- North America
- US
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Rest of South America
- Europe
- Germany
- United Kingdom
- Italy
- France
- Spain
- Russia
- Turkey
- Belgium
- Netherlands
- Switzerland
- Rest of Europe
- Asia-Pacific
- Japan
- China
- South Korea
- India
- Australia
- Singapore
- Thailand
- Malaysia
- Indonesia
- Philippines
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Egypt
- Saudi Arabia
- United Arab Emirates
- Israel
- Rest of Middle East & Africa
Key Developments in the Market:
- In September 2018, Brembo announced the launch of their brake-by-wire system which will integrate along with the regenerative braking system offering the capabilities of regenerative braking as well as offering their own durability.
- In August 2017, Robert Bosch GmbH announced that they are planning to build a manufacturing facility situated in Nanjing, China for the manufacturing of “iBooster”, company’s regenerative braking system.
Competitive Analysis: Automotive Regenerative Braking System Market
Global automotive regenerative braking system market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of automotive regenerative braking system market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Automotive Regenerative Braking System Market
Few of the major competitors currently working in the automotive regenerative braking system market are Robert Bosch GmbH; Continental AG; Autoliv Inc.; ZF Friedrichshafen AG; Skeleton Technologies; MAXWELL TECHNOLOGIES, INC.; Brembo; Tesla; Toyota Motor Corporation; Hitachi Automotive Systems, Ltd.; Mazda Motor Corporation; ADVICS CO.,LTD. and DENSO CORPORATION.
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Reasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
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