Asia Pacific Automotive Energy Recovery System Market by Subsystem (Turbocharger, Exhaust Gas Recirculation (EGR), by Propulsion (ICE, Electric), by Vehicle (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), by Forecast 2024-2032
The Asia Pacific Automotive Energy Recovery System Marketsize was valued at USD 17.12 USD billion in 2023 and is projected to reach USD 29.92 USD billion by 2032, exhibiting a CAGR of 8.3 % during the forecast period. Automotive energy recovery systems (AERS) are systems used to recover and reuse most of the energy that would usually be dissipated in-car operations. Examples are regenerative brake systems which harness kinetic energy to generate electricity as well as exhaust gas recovery systems which harness heat from the exhaust gases. They may comprise energy storage components such as batteries or supercapacitors so that the stored energy can be utilized later. AERS is mainly used in Hybrid and electric vehicles as a boosting and range extension and better fuel economy. Also, they are being used in the current conventional combustion engines to improve other parameters such as gasoline and diesel fuel consumption efficiency as well as emission levels, and therefore an important factor contributing to the automotive industry’s transition towards a more sustainable future.
Asia Pacific Automotive Energy Recovery System Trends
Factors driving the growth of the Asia Pacific automotive energy recovery system market:
Challenges and restraints that the Asia Pacific automotive energy recovery system market faces:
The Asia Pacific automotive energy recovery system market is projected to experience significant growth during the forecast period due to the following key factors:
The Asia Pacific automotive energy recovery system market is segmented by the following:
Some of the leading players in the Asia Pacific automotive energy recovery system market include:
Some of the significant developments in the Asia Pacific automotive energy recovery system sector include:
The comprehensive coverage of the Asia Pacific automotive energy recovery system market report includes:
The pricing strategies adopted by the players in the Asia Pacific automotive energy recovery system market include:
The major DROCs (direct reduction of carbon) in the Asia Pacific automotive energy recovery system market include:
The Asia Pacific automotive energy recovery system market is segmented based on the following criteria:
The SWOT analysis of the Asia Pacific automotive energy recovery system market includes:
Strengths:
Weaknesses:
Opportunities:
Threats:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 8.3% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 8.3% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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