Global Automotive Energy Recovery Systems Market to Reach $33 Billion by 2027 at a 6.1% CAGR – ResearchAndMarkets.com


DUBLIN–()–The “Automotive Energy Recovery Systems: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.

Global Automotive Energy Recovery Systems Market to Reach $33 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Automotive Energy Recovery Systems estimated at US$21.7 Billion in the year 2020, is projected to reach a revised size of US$33 Billion by 2027, growing at a CAGR of 6.1% over the analysis period 2020-2027. Regenerative Braking Systems, one of the segments analyzed in the report, is projected to record a 7% CAGR and reach US$19.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Turbocharger segment is readjusted to a revised 5.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $6.3 Billion, While China is Forecast to Grow at 5.6% CAGR

The Automotive Energy Recovery Systems market in the U.S. is estimated at US$6.3 Billion in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$5.8 Billion by the year 2027 trailing a CAGR of 5.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.4% and 5.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.

Exhaust Gas Recirculation (EGR) Segment to Record 3.6% CAGR

In the global Exhaust Gas Recirculation (EGR) segment, USA, Canada, Japan, China and Europe will drive the 3.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.7 Billion in the year 2020 will reach a projected size of US$3.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 18 Featured) –

  • BorgWarner, Inc.
  • Denso Corporation
  • Faurecia
  • Hitachi Astemo, Ltd.
  • Hitachi Ltd.
  • Mitsubishi Heavy Industries Ltd.
  • Ricardo PLC
  • Skeleton Technologies GmbH
  • ZF Friedrichshafen AG

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Passenger Car Energy Recovery Systems – Global Key Competitors Percentage Market Share in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
  • Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

Companies Mentioned

  • BorgWarner, Inc.
  • Denso Corporation
  • Faurecia
  • Hitachi Astemo, Ltd.
  • Hitachi Ltd.
  • Mitsubishi Heavy Industries Ltd.
  • Ricardo PLC
  • Skeleton Technologies GmbH
  • ZF Friedrichshafen AG

For more information about this report visit https://www.researchandmarkets.com/r/ouree9



Source link

The content is by Business Wire. Headlines of Today Media is not responsible for the content provided or any links related to this content. Headlines of Today Media is not responsible for the correctness, topicality or the quality of the content.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy