Name: Automotive Energy Harvesting and Regeneration System Market Size & Trends | Forecast 2024 to 2031 | DataM Intelligence
Creator: DataM Intelligence
Published: Fri May 24 2024 11:11:06 GMT+0530 (India Standard Time)
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Automotive Energy Harvesting and Regeneration System Market Size & Trends | Forecast 2024 to 2031 | DataM Intelligence

Automotive Energy Harvesting and Regeneration System Market Size, Share, Industry, Forecast and outlook (2024-2031)

<h2>Global Automotive Energy Harvesting and Regeneration System Market is segmented By Energy Type (Kinetic Energy Recovery Systems, Thermal Energy storage systems, Regenerative Shock Absorber Systems, Solar Power Systems), By Vehicle Type (Hybrid-electric vehicles, Plug-in hybrid electronic vehicles, Battery electric vehicles), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) &ndash; Share, Size, Outlook, and Opportunity Analysis, 2024-2031</h2>

&nbsp;

<h3>Market Overview</h3>

[178&nbsp;Pages&nbsp;Report]&nbsp;The Global Automotive Energy Harvesting and Regeneration System Market is expected to grow at a CAGR during the forecasting period (2024-2031).

<h3>Automotive Energy Harvesting and Regeneration System Market -&nbsp;Strategic Insights</h3>

<table border="1" cellpadding="1" cellspacing="1">
	<tbody>
		<tr>
			<td>
			Metrics
			</td>
			<td>
			Details
			</td>
		</tr>
		<tr>
			<td>
			Market&nbsp;CAGR
			</td>
			<td>
			&nbsp;High
			</td>
		</tr>
		<tr>
			<td>
			Segments Covered
			</td>
			<td>
			By Energy Type,&nbsp;By Vehicle Type, and By Region
			</td>
		</tr>
		<tr>
			<td>
			Report Insights Covered
			</td>
			<td>
			Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.
			</td>
		</tr>
		<tr>
			<td>
			Fastest Growing Region
			</td>
			<td>
			Asia Pacific
			</td>
		</tr>
		<tr>
			<td>
			Largest Market Share&nbsp;
			</td>
			<td>
			North America
			</td>
		</tr>
	</tbody>
</table>

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Energy harvesting is the process in which a small amount of energy, that would otherwise be lost such as heat, light, sound, vibration, wind magnetic force, or movement, is transformed into an electric current and stored for later usage. Key players in the automotive industry are investing heavily in R&amp;D to come up with leading-edge technologies which will give them a competitive advantage over other players in the industry. &nbsp;With the introduction of energy harvesting and regeneration systems automakers have been able to provide a solution to problems such as diminishing oil reserves and increased global warming and pollution. 
The report covers all the major trends and drivers playing a vital role in the growth of the global market. The market has been segmented based on region, energy type, and vehicle type.

<h3>Market Dynamics</h3>

The global <a href="https://www.datamintelligence.com/research-report/automotive-battery-thermal-management-system-market">Automotive</a> Energy Harvesting and Regeneration System market is primarily driven by the growing demand for electric vehicles (EVs) globally. As energy harvesting and regeneration system are used EVs store energy for later use. Therefore, the rise in demand for vehicles running on alternative fuels such as EVs coupled with the introduction of regulations about reducing carbon footprint and global warming will fuel growth in the global automotive energy harvesting and regeneration system market during the forecast period. 
According to International Energy Agency (IEA), in 2017, more than one million EVs were sold globally, with countries like Norway, China, and the US dominating the global EVs market in terms of market share. In the same year, globally more than three million EVs were in stock. Energy harvesting and regeneration system are one of the key components which are now being installed by EV manufacturers, to provide value addition to their consumers. These systems provide a clean source of energy and therefore it is expected that demand for automotive energy harvesting and regeneration systems will increase during the forecast period.

However, the high entry costs and low power capacity of batteries may hinder the market growth. Automotive energy harvesting and regeneration systems have a low energy conversion rate which is approximately 5%, therefore, posing a major threat to market growth.

<h3>Segmentation Analysis</h3>

By Vehicle Type, the global Automotive Energy Harvesting and Regeneration System market is segmented into Hybrid-electric vehicles (HEV), Plug-in hybrid electronic vehicles (PHEV), and Battery electric vehicles (BEV). 
HEV is powered by both petrol and electricity. The battery in HEV is charged by the car&rsquo;s braking system; also called a regenerative braking system that converts kinetic energy into electricity. However, in PHEV, the car&rsquo;s battery can be charged through an external power source. Unlike HEVs and PHEVs, BEVs does not have a petrol engine, fuel tank, or exhaust pipe and are fully electric vehicles with batteries that can be charged via charging stations and power outlet.&nbsp; 
In 2018, HEVs held the majority share in the market and will continue to dominate the market growing at a CAGR 0f ~20% during the forecast period. However, with continuous technological innovation and high maintenance battery and battery sensors coupled high replacement costs will result in growth in demand for Automotive Energy Harvesting and Regeneration Systems in BEV during the forecast period. 
By Energy type, the global Automotive Energy Harvesting and Regeneration System market is segmented into Kinetic Energy Recovery Systems (KERS), Regenerative Shock Absorber Systems, and Solar Power Systems (Photovoltaic). Kinetic energy recovery systems (KERS) held the highest market share as these energy harvesting and regeneration is most prominently used in EVs. In a conventional vehicle, a majority of the kinetic energy is converted during friction braking into heat and emitted unused into the environment. EVs such as HEVs and PHEVs use the electric motor to recuperate a portion of kinetic energy produced for reuse. A photovoltaic system or solar power system has also been attracting manufacturers and consumers due to its more efficient way of converting solar energy directly into electricity coupled with its cost-effectiveness. It is expected that the regenerative shock absorber system and solar power systems will grow at a faster CAGR than KERS due to their effectiveness in passenger EVs as well as commercial EVs.

<h3>Geographical Share</h3>

By geography, the global Automotive Energy Harvesting and Regeneration System market is segmented into Europe, North America, Asia-Pacific (APAC), South America, and the Middle East and Africa (MEA). 
Europe holds the largest market share in Global Automotive Energy Harvesting and Regeneration System Market. During the forecast period, it is expected Europe will continue to dominate the market, growing at a CAGR of 18%-22%. Some of the key leading countries in the region are Germany, Norway, France, and the UK. 
North America held the second-largest market share in the global Automotive Energy Harvesting and Regeneration System market. Continuous technological innovation, growing awareness about the benefits of energy harvesting, and new product launches providing better efficiency to consumers will drive the market in the region. 
APAC is the fastest-growing region and is expected to grow at a CAGR of ~25% during the forecast period. Developing countries in the region such as China and India will be driving the market growth mainly due to rapid urbanization and economic growth. In 2018, China is the key leading country in the region and will post a CAGR of close to 28% due to exponential growth in sales of EVs in the country. In 2017, electric car sales were up by approximately 89% as compared to 2016 in China.

<h3>Competitive Landscape</h3>

Global Automotive Energy Harvesting and Regeneration System is very new and at a nascent stage with the presence of top multinationals as well as small-mid size players. The major players include Robert Bosch GmbH, Gentherm Incorporated, Continental AG, Delphi Automotive PLC, and Denso Corporation. These players have a diverse portfolio of products and offer new innovative products to their customers. Other prominent vendors with similar product offerings are Tenneco Inc., Faurecia SA, ZF Group, and Ricardo PLC. <a href="https://www.bosch.com/products-and-services/">Robert Bosch</a> GmbH, <a href="https://www.continental.com/en/products-and-innovation/">Continental AG</a>, Delphi Automotive PLC, and Denso Corporation are some of the big conglomerates with wide product and service portfolios with a worldwide presence.&nbsp; 
In April 2019, Gentherm Incorporated was recognized as a 2019 Automotive News PACE Award winner for its battery thermal management (BTM) system. 
In April 2019, <a href="https://www.denso.com/global/en/news/newsroom/2019/20190405-g02/#:~:text=KARIYA%20(Japan)%20%E2%80%95%20DENSO%2C,automotive%20products%2C%20systems%20and%20technologies.">News:</a> DENSO announced that it will invest approximately 180 billion yen (US$1.6 billion) over three years &ndash; from FY2018 to late FY2020 &ndash; to support its aggressive development and production of electrified automotive products, systems, and technologies. To achieve its long-term business goal to create and inspire new value for the future of mobility, DENSO is focused on increasing its performance in the area of electrification.

<h3 style="background:#eeeeee; border:1px solid #cccccc; padding:5px 10px">FAQ</h3>

What is the Automotive Energy Harvesting and Regeneration System Market growth?

The market is growing at a High CAGR.

What is the Automotive Energy Harvesting and Regeneration System Market size in 2021

The&nbsp;Automotive Energy Harvesting and Regeneration System Market&nbsp;size was valued at USD YY&nbsp;million in 2021.

Who are the key players in Automotive Energy Harvesting and Regeneration System Market?

Robert Bosch GmbH, Gentherm Incorporated, Continental AG, Delphi Automotive PLC, and Denso Corporation.

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1. GLOBAL ENERGY HARVESTING AND REGENERATION SYSTEM MARKET -SCOPE AND METHODOLOGY

1.1. Research Methodology

1.2. Scope of the market

2. GLOBAL ENERGY HARVESTING AND REGENERATION SYSTEM MARKET -TRENDS AND DEVELOPMENTS

2.1. Key Market trends and Developments in automotive Global Energy Harvesting and Regeneration system market

3. INDUSTRY ANALYSIS

3.1. Drivers

3.2. Restraints

3.3. Porter&#39;s Five Forces Analysis

3.4. Regulations

4. GLOBAL ENERGY HARVESTING AND REGENERATION SYSTEM MARKET SEGMENTATION BY PRODUCT

4.1. BY VEHICLE TYPE

4.1.1. Hybrid-electric vehicles

4.1.2. Plug-in hybrid electronic vehicles

4.1.3. Battery electric vehicles

4.2. BY TECHNOLOGY TYPE

4.2.1. Kinetic energy recovery system

4.2.2. Regenerating braking system

4.2.3. Heat recovery system

4.2.4. Vibrational energy recovery harvesting

4.2.5. Others

5. GLOBAL ENERGY HARVESTING AND REGENERATION SYSTEM - BY GEOGRAPHY

5.1. North America

5.1.1. U.S.A

5.1.2. Mexico

5.1.3. Canada

5.1.4. Rest of North America

5.2. Europe

5.2.1. Germany

5.2.2. U.K.

5.2.3. France

5.2.4. Spain

5.2.5. Rest of Europe

5.3. South America

5.3.1. Brazil

5.3.2. Argentina

5.3.3. Rest of South America

5.4. Asia Pacific

5.4.1. China

5.4.2. India

5.4.3. Japan

5.4.4. Rest of Asia Pacific

5.5. Rest of the World

6. COMPETITIVE LANDSCAPE

6.1. Product benchmarking

6.2. Market Share Analysis

6.3. Key strategies by market players

7. COMPANY PROFILES

7.1. Denso Corporation

7.2. Robert Bosch GmbH

7.3. Continental AG

7.4. Tenneco Inc.

7.5. Delphi Automotive PLC

7.6. ZF Group

7.7. Torotrak PLC

7.8. Faurecia SA

7.9. Ricardo PLC

7.10. Gentherm Incorporated

8. APPENDIX

8.1. Sources

8.2. List of Tables

8.3. Expert Panel Validation

8.4. Disclaimer

8.5. Contact Us