China 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 China Automotive Energy Recovery System Marketsize was valued at USD 7.2 Billion in 2023 and is projected to reach USD 12.5 Billion by 2032, exhibiting a CAGR of 20.2 % during the forecast period. The automotive energy recovery system commonly abbreviated as ERS can be defined as a system on a vehicle that harnesses energy that would ordinarily be used to waste such as during braking or deceleration before using it to either increase fuel efficiency or power other components on the car. Some of the types are regenerative braking systems, kinetic energy recovery systems or KERS, and thermal electric generators. Key points include fuel consumption, exhaust emission-related areas, and performance. In China, the use of ERS is promoted by limited emissions standards, and the increasing fuel prices, and that calls for environmental protection in the sphere of transportation. Market trends are shifting towards the growing integration of ERS in new vehicle models especially electric and hybrid ones due to environmental concerns and consumers’ preferences for environment-friendly vehicles.
Subsystem:
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Vehicle:
This report provides an in-depth analysis of the China automotive energy recovery system market, covering various aspects such as:
China is the dominant market for automotive energy recovery systems in Asia-Pacific, accounting for over 60% of the regional market share. Other key markets in the region include Japan, South Korea, and India.
Energy recovery system manufacturers employ various pricing strategies, including:
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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 20.2% from 2018-2032 |
Segmentation |
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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 20.2% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
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