Global Exhaust Heat Recovery Systems Market, By Vehicle Type (Passenger, Commercial, Electric, Defen

Published Date: | Report Code : AT1924484

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Global Exhaust Heat Recovery Systems Market, By Vehicle Type (Passenger, Commercial, Electric, Defence, Construction, Farm Tractors, Others), By Technology (Conventional, New), By Component (EGR, Turbocharger, Organic Rankine Cycle, Thermoelectric Generator), By Off-highway Vehicle (Agricultural Tractor, Construction), By Hybrid Type (Plug-In Hybrid Electric Vehicle, Hybrid Electric Vehicle), By Region (North America, Eastern Europe, Western Europe, Asia Pacific, Middle East, Rest of the World) – Market Size & Forecasting (2016-2028)

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Domain : Automotive

Report Code : AT1924484

Status : Upcoming

Due to technological advancements, and government strict rules for emission control the exhaust heat recovery system market will witness significant growth during the forecast period.

Exhaust heat recovery system can be defined as a technology, which converts thermal losses or the exhaust into energy. This helps in enhancing fuel efficiency and reducing carbon footprint. This system is used to generate both electric and mechanical energy in conventional and hybrid vehicles. The maximum efficiency reached by conventional combustion engines is approximately 45% and the rest is generated as losses, mostly as heat. Recovering energy from these losses leads to better fuel efficiency and hence, reduces the CO2 emission. This is one of the key drivers for the exhaust heat recovery systems market.

Governments throughout the world are trying to reduce their carbon footprint. To do this, one major step is to reduce the emission of CO2 gases from vehicles.
The exhaust heat recovery system helps the vehicle become more efficient reducing the overall emissions through its life cycle.

A key restraint for the market is that the system adds extra cost to production. Thus, buyers, as well as producers, tend to ignore the need for this system. However, due to stringent government regulations and increasing the buying capacity of consumers in many developed countries, this factor has almost been nullified.

Key Factors Impacting Market Growth:

  • Strict government rules and regulations for emission control
  • Environment-friendly and improved fuel efficiency
  • Increasing awareness among consumers about global warming and related hazards

Regional Analysis: 

By region, North America, Western Europe, and Asia Pacific are estimated to dominate the exhaust heat recovery system market in terms of market demand. North America and Western Europe have been traditional markets for the automotive sector with many global manufacturers headquartered in this region. The automotive sector in these regions has been dynamic in terms of technological developments and product modifications. The demand for lightweight materials, cleaner emissions, and green fuels have been some of the key influencing factors in this region. Also, the market has witnessed steady recovery from recent slowdowns in the past decades. Some of these factors are expected to impact the dynamics of the exhaust heat recovery system market in North America and Western Europe during the forecast period. The US, Germany, France, Italy, UK, and Spain have been some of the major economies for the exhaust heat recovery system market in the region. 

Asia Pacific is estimated to be the fastest-growing region for the exhaust heat recovery system market during the forecast period. This region has been one of the lucrative markets for the automotive sector in the past few decades with strategic investments by global companies in the region. China, Japan, India, and South Korea have been some of the major countries for the exhaust heat recovery system market in the Asia Pacific region. The Middle East promises a strong market potential with the growth of the automotive sector in the region. Countries including UAE, Saudi Arabia, Qatar, and Iran have been diversifying the industrial sector to boost the economy in the past few decades. Other regions including Eastern Europe, South America, and Africa are estimated to emerging markets with growing demand during the forecast period.

Companies Covered: 

Continental AG, Hitachi Ltd., Borg Warner, Denso Corporation, Robert Bosch GmbH, Thermax Ltd., Foster Wheeler AG, Cummins Inc., Faurecia, Mitsubishi Heavy Industries, and General Electric… 

Market Segmentation:

By Vehicle Type:

  • Passenger (2 Wheelers, 4 Wheelers, etc.)
  • Commercial (Heavy CV, Light CV, Buses, and Coaches)
  • Electric
  • Defense
  • Construction Vehicles
  • Farm Tractors
  • Others

By Technology:

  • Conventional Technology
  • Exhaust Gas Recirculation (EGR)
  • Turbocharger
  • New Technology
    • Organic Ranking Cyle (ORC)
    • Thermoelectric Generator (TEG)

By Component:

  • EGR
  • EGR Valve
  • EGR Cooler
  •  Turbocharger
    • Turbine
    • Compressor
  • Organic Rankine Cycle
    • Evaporator
    • Condenser
    • Expander
    • Pump
  • Thermoelectric Generator
    • Thermoelectric Module
    • Heat Exchanger

By Off-Highway Vehicle:

  • Agricultural Tractor
  • Construction

By Hybrid Type:

  • Plug-In Hybrid Electric Vehicle (PHEV)
  • Hybrid Electric Vehicle (HEV)

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Vehicle Type
    • By Technology
    • By Component
    • By Off-Highway Vehicle
    • By Hybrid Type
  • Eastern Europe:
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Vehicle Type
    • By Technology
    • By Component
    • By Off-Highway Vehicle
    • By Hybrid Type
  • Western Europe:
    • By Country (Germany, UK, France, Spain, Italy, Rest of Western Europe)
    • By Vehicle Type
    • By Technology
    • By Component
    • By Off-Highway Vehicle
    • By Hybrid Type
  • Middle East:
    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
    • By Vehicle Type
    • By Technology
    • By Component
    • By Off-Highway Vehicle
    • By Hybrid Type
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Vehicle Type
    • By Technology
    • By Component
    • By Off-Highway Vehicle
    • By Hybrid Type
  • Rest of the World
    • By Region (South America, Africa)
    • By Vehicle Type
    • By Technology
    • By Component
    • By Off-Highway Vehicle
    • By Hybrid Type

Reasons To Buy This Report:

  • Market size estimation of the global exhaust heat recovery systems market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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