Industry Press Releases

Automotive Energy Recovery Systems Market Worth 139.4 Million Units by 2019

Wednesday, Oct 01, 2014
Pressreleases

The report "Automotive Energy Recovery Systems Market by Regenerative Braking [by Region (Asia-Oceania; North America; Europe; and ROW) & by Passenger Car Type (Electric Vehicles, Hybrid Vehicles, and Plug-in Hybrid Electric Vehicles)], by Waste Heat Recovery Systems (by EGR and by Turbochargers), by KERS [by Region (Asia-Pacific, Europe, North America, and ROW)] - Global Trends and forecast to 2019", published by MarketsandMarkets, classifies and defines the Automotive Energy Recovery Systems Market in terms of value and volume. The report highlights potential growth opportunities in the coming years as well as covers review of the market drivers, restraints, growth indicators, challenges, legislation trends, market dynamics, competitive landscape, and other key aspects with respect to the Automotive Energy Recovery Systems Market.

Asia-Oceania: Growing Market for Automotive Energy Recovery Systems in the Near Future 

The Asia-Oceania region includes developing countries such as China, India, Japan, and South Korea. The increasing NOx levels, global warming, stringent fuel emission norms, and the need for vehicle fuel efficiency are the factors driving the demand for automotive energy recovery systems. Suppliers such as Continental AG (Germany), Robert Bosch GmbH (Germany), and Denso Corporation (Japan) are some of the dominant players in this region that are anticipated to drive the demand for the automotive energy recovery systems.

Europe & North America: Gaining Consumer Acceptance for Automotive Energy Recovery Systems on Large Scale 

In 2009, Europe experienced an economic downturn that affected many industries within the region, especially the automotive industry. However, it is recovering well from the crises and is on the verge of complete recovery. As such, the Automotive Energy Recovery Systems Market is projected to record a stable growth rate for the period under study. Due to the technological advantage that Europe possesses, new and advanced technologies are well-accepted in its local markets, at a high adoption rate. Due to factors such as promotion of green vehicles, stringent fuel emission and economy norms, and increase in concern regarding global warming, the region has become a key market for automotive energy recovery systems and home to a number of automotive AWD system suppliers such as Robert Bosch AG and Continental AG.

The North American region comprises the U.S., Mexico, and Canada. Mexico and Canada are the emerging economies in this segment. The U.S. is already an established market in the North American region and is projected to continue growing at a healthy growth rate. The advantages provided by the energy recovery systems are projected to positively affect the Automotive Energy Recovery Systems Market. Suppliers of automotive energy recovery systems such as Continental AG, Tenneco, TRW and GenTherm have a significant presence in North America.

The report covers the Automotive Energy Recovery Systems Market in terms of volume and value. The market size in terms of volume, from 2012 to 2019, is provided in terms of thousand units, whereas the value of the market is provided in terms of $million. The Automotive Energy Recovery Systems Market is broadly classified into: regenerative braking system, waste heat recovery system, and kinetic energy recovery system, focusing on key region-wise markets of the world.

 

Source:http://www.prnewswire.com/