North America Automotive Energy Recovery System MarketNorth America Automotive Energy Recovery System Market Report Probes the USD billion Size, Share, Growth Report and Future Analysis by 2032
North America 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
Base Year: 2023
140 Pages
North America Automotive Energy Recovery System Market Report Probes the USD billion Size, Share, Growth Report and Future Analysis by 2032
Key Insights
The North America Automotive Energy Recovery System Marketsize was valued at USD 17.12 USD billion in 2023 and is projected to reach USD 26.60 USD billion by 2032, exhibiting a CAGR of 6.5 % during the forecast period. An Automotive Energy Recovery System (ERS) harnesses and stores energy typically lost during braking or deceleration in vehicles. There are primarily two types: regenerative braking systems and turbochargers. Regenerative braking systems convert kinetic energy into electrical energy, storing it in batteries or capacitors for later use, thereby improving fuel efficiency and reducing emissions. Turbochargers utilize exhaust gas to drive a turbine, which compresses intake air, enhancing engine efficiency and power output. These systems enhance vehicle performance, improve fuel economy, and reduce environmental impact by minimizing wasted energy. They find applications across hybrid and electric vehicles, where optimizing energy use is critical for extending range and enhancing overall efficiency in automotive propulsion systems.
North America Automotive Energy Recovery System Trends
- Electrification of vehicles: The increasing adoption of electric vehicles will drive the growth of the automotive energy recovery system market, as these systems are essential for maximizing the range of electric vehicles.
- Growing demand for fuel-efficient vehicles: Rising fuel prices and stricter emission regulations are driving the demand for fuel-efficient vehicles, which in turn is boosting the demand for automotive energy recovery systems.
- Advancements in technology: Technological advancements, such as the development of more efficient turbochargers and exhaust gas recirculation systems, are making automotive energy recovery systems more effective and desirable.
Driving Forces: What's Propelling the North America Automotive Energy Recovery System Market
- Increasing adoption of fuel-efficient vehicles
- Growing demand for electric vehicles
- Stringent emission regulations
- Technological advancements in energy recovery systems
Challenges and Restraints in North America Automotive Energy Recovery System Market
- Elevated capital investments associated with automotive energy recovery systems
- Limited consumer awareness regarding the advantages of energy recovery systems
- Technical complexities in seamlessly integrating energy recovery systems into vehicles
- Fluctuations in raw material prices, potentially affecting manufacturing costs
- Competition from conventional automotive powertrain systems
Emerging Trends in North America Automotive Energy Recovery System
- Development of more efficient turbochargers
- Integration of energy recovery systems with other vehicle technologies
- Use of artificial intelligence (AI) to optimize energy recovery
Growth Catalysts in North America Automotive Energy Recovery System Industry
- Government initiatives and incentives promoting fuel-efficient vehicle adoption
- Strategic partnerships between automotive manufacturers and energy recovery system suppliers
- Technological advancements enhancing system efficiency and cost-effectiveness
- Rising demand for eco-friendly and sustainable automotive solutions
- Increasing consumer emphasis on vehicle performance and fuel economy
Market Segmentation: North America Automotive Energy Recovery System Analysis
Subsystem:
Propulsion:
- ICE
- Electric
Vehicle:
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Leading Players in the North America Automotive Energy Recovery System Market
- Delphi Technologies (BorgWarner Inc.)
- Tenneco Inc.
- Cummins Inc.
- Energy Recovery
- Honeywell Corporation
- Stanadyne
- Advics
- Maxwell Technologies
- VALEO SERVICE
- Precision Turbo & Engine
Significant Developments in North America Automotive Energy Recovery System Sector
- In 2022, Delphi Technologies launched a new turbocharger for heavy-duty applications, offering increased fuel efficiency and reduced emissions.
- In 2021, Tenneco announced the acquisition of CLARCOR Industries, a leading manufacturer of filtration and emissions control systems, to strengthen its product portfolio in the automotive energy recovery system market.
- In 2020, Cummins Inc. introduced a new exhaust gas recirculation (EGR) system for heavy-duty engines, which significantly reduces nitrogen oxide (NOx) emissions.
Comprehensive Coverage North America Automotive Energy Recovery System Market Report
The comprehensive market research report on North America Automotive Energy Recovery System provides a thorough analysis of:
- Market dynamics, including historical, current, and projected market size
- Key industry trends shaping the market landscape
- Competitive landscape, highlighting key players and their market share
- Detailed information on industry developments, such as mergers, acquisitions, and new product launches
- Market forecasts, providing insights into future market growth and opportunities
- Company profiles, offering in-depth analysis of major industry participants
Regional Insight
North America is a major market for automotive energy recovery systems, with the U.S. being the largest contributor. The region's market growth is driven by stringent emission regulations and the increasing adoption of fuel-efficient vehicles.
Pricing Strategies
Automotive energy recovery system manufacturers use various pricing strategies, including:
- Cost-plus pricing
- Value-based pricing
- Competitive pricing
SWOT Analysis
Strengths:
- Increasing demand for fuel-efficient vehicles
- Stringent emission regulations
- Technological advancements
Weaknesses:
- High cost of energy recovery systems
- Lack of awareness
- Technical challenges
Opportunities:
- Development of more efficient systems
- Integration with other vehicle technologies
Threats:
- Fluctuating raw material prices
- Economic downturn
North America Automotive Energy Recovery System Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 6.5% from 2018-2032 |
| Segmentation |
|
Frequently Asked Questions
Table Of Content
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1 Increasing Demand for Forged Products in Power
- 3.2.2 Agriculture
- 3.2.3 Aerospace
- 3.2.4 and Defense to Drive Industry Expansion
- 3.3. Market Restrains
- 3.4. Market Trends
- 3.4.1. Rising Adoption of Automation in Manufacturing to Drive Market Growth
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. North America Automotive Energy Recovery System Market Analysis, Insights and Forecast, 2018-2030
- 5.1. Market Analysis, Insights and Forecast - by Subsystem
- 5.1.1. Turbocharger
- 5.1.2. Exhaust Gas Recirculation (EGR
- 5.2. Market Analysis, Insights and Forecast - by Propulsion
- 5.2.1. ICE
- 5.2.2. Electric
- 5.3. Market Analysis, Insights and Forecast - by Vehicle
- 5.3.1. Passenger Cars
- 5.3.2. Light Commercial Vehicles
- 5.3.3. Heavy Commercial Vehicles
- 5.4. Market Analysis, Insights and Forecast - by Region
- 5.4.1.
- 5.1. Market Analysis, Insights and Forecast - by Subsystem
- 6. United States North America Automotive Energy Recovery System Market Analysis, Insights and Forecast, 2018-2030
- 6.1. Market Analysis, Insights and Forecast - By Subsystem
- 6.1.1 Turbocharger
- 6.1.2 Exhaust Gas Recirculation (EGR
- 6.2. Market Analysis, Insights and Forecast - By Propulsion
- 6.2.1. ICE and Electric
- 6.3. Market Analysis, Insights and Forecast - By Vehicle
- 6.3.1 Passenger Cars
- 6.3.2 Light Commercial Vehicles
- 6.3.3 and Heavy Commercial Vehicles
- 7. Canada North America Automotive Energy Recovery System Market Analysis, Insights and Forecast, 2018-2030
- 7.1. Market Analysis, Insights and Forecast - By Subsystem
- 7.1.1 Turbocharger
- 7.1.2 Exhaust Gas Recirculation (EGR
- 7.2. Market Analysis, Insights and Forecast - By Propulsion
- 7.2.1. ICE and Electric
- 7.3. Market Analysis, Insights and Forecast - By Vehicle
- 7.3.1 Passenger Cars
- 7.3.2 Light Commercial Vehicles
- 7.3.3 and Heavy Commercial Vehicles
- 8. Mexico North America Automotive Energy Recovery System Market Analysis, Insights and Forecast, 2018-2030
- 8.1. Market Analysis, Insights and Forecast - By Subsystem
- 8.1.1 Turbocharger
- 8.1.2 Exhaust Gas Recirculation (EGR
- 8.2. Market Analysis, Insights and Forecast - By Propulsion
- 8.2.1. ICE and Electric
- 8.3. Market Analysis, Insights and Forecast - By Vehicle
- 8.3.1 Passenger Cars
- 8.3.2 Light Commercial Vehicles
- 8.3.3 and Heavy Commercial Vehicles
- 9. Competitive Analysis
- 9.1. Market Share Analysis 2023
- 9.2. Company Profiles
- 9.2.1 Delphi Technologies (BorgWarner Inc.) (U.S.)
- 9.2.1.1. Overview
- 9.2.1.2. Products
- 9.2.1.3. SWOT Analysis
- 9.2.1.4. Recent Developments
- 9.2.1.5. Financials (Based on Availability)
- 9.2.2 Tenneco Inc. (U.S.)
- 9.2.2.1. Overview
- 9.2.2.2. Products
- 9.2.2.3. SWOT Analysis
- 9.2.2.4. Recent Developments
- 9.2.2.5. Financials (Based on Availability)
- 9.2.3 Cummins Inc. (U.S.)
- 9.2.3.1. Overview
- 9.2.3.2. Products
- 9.2.3.3. SWOT Analysis
- 9.2.3.4. Recent Developments
- 9.2.3.5. Financials (Based on Availability)
- 9.2.4 Energy Recovery (U.S.)
- 9.2.4.1. Overview
- 9.2.4.2. Products
- 9.2.4.3. SWOT Analysis
- 9.2.4.4. Recent Developments
- 9.2.4.5. Financials (Based on Availability)
- 9.2.5 Honeywell Corporation (U.S.)
- 9.2.5.1. Overview
- 9.2.5.2. Products
- 9.2.5.3. SWOT Analysis
- 9.2.5.4. Recent Developments
- 9.2.5.5. Financials (Based on Availability)
- 9.2.6 Stanadyne (U.S.)
- 9.2.6.1. Overview
- 9.2.6.2. Products
- 9.2.6.3. SWOT Analysis
- 9.2.6.4. Recent Developments
- 9.2.6.5. Financials (Based on Availability)
- 9.2.7 Advics (U.S.)
- 9.2.7.1. Overview
- 9.2.7.2. Products
- 9.2.7.3. SWOT Analysis
- 9.2.7.4. Recent Developments
- 9.2.7.5. Financials (Based on Availability)
- 9.2.8 Maxwell Technologies (U.S.)
- 9.2.8.1. Overview
- 9.2.8.2. Products
- 9.2.8.3. SWOT Analysis
- 9.2.8.4. Recent Developments
- 9.2.8.5. Financials (Based on Availability)
- 9.2.9 VALEO SERVICE (U.S.)
- 9.2.9.1. Overview
- 9.2.9.2. Products
- 9.2.9.3. SWOT Analysis
- 9.2.9.4. Recent Developments
- 9.2.9.5. Financials (Based on Availability)
- 9.2.10 Precision Turbo & Engine (U.S.)
- 9.2.10.1. Overview
- 9.2.10.2. Products
- 9.2.10.3. SWOT Analysis
- 9.2.10.4. Recent Developments
- 9.2.10.5. Financials (Based on Availability)
- 9.2.1 Delphi Technologies (BorgWarner Inc.) (U.S.)
List of Figures
- Figure 1: North America Automotive Energy Recovery System Market Revenue Breakdown (USD billion, %) by Product 2023 & 2031
- Figure 2: North America Automotive Energy Recovery System Market Value Share (%), by Subsystem 2023 & 2031
- Figure 3: North America Automotive Energy Recovery System Market Value Share (%), by Propulsion 2023 & 2031
- Figure 4: North America Automotive Energy Recovery System Market Value Share (%), by Vehicle 2023 & 2031
- Figure 5: North America Automotive Energy Recovery System Market Share (%) by Company 2023
List of Tables
- Table 1: North America Automotive Energy Recovery System Market Revenue USD billion Forecast, by Subsystem 2018 & 2031
- Table 2: North America Automotive Energy Recovery System Market Volume K Units Forecast, by Subsystem 2018 & 2031
- Table 3: North America Automotive Energy Recovery System Market Revenue USD billion Forecast, by Propulsion 2018 & 2031
- Table 4: North America Automotive Energy Recovery System Market Volume K Units Forecast, by Propulsion 2018 & 2031
- Table 5: North America Automotive Energy Recovery System Market Revenue USD billion Forecast, by Vehicle 2018 & 2031
- Table 6: North America Automotive Energy Recovery System Market Volume K Units Forecast, by Vehicle 2018 & 2031
- Table 7: North America Automotive Energy Recovery System Market Revenue USD billion Forecast, by Region 2018 & 2031
- Table 8: North America Automotive Energy Recovery System Market Volume K Units Forecast, by Region 2018 & 2031
- Table 9: North America Automotive Energy Recovery System Market Revenue USD billion Forecast, by Subsystem 2018 & 2031
- Table 10: North America Automotive Energy Recovery System Market Volume K Units Forecast, by Subsystem 2018 & 2031
- Table 11: North America Automotive Energy Recovery System Market Revenue USD billion Forecast, by Propulsion 2018 & 2031
- Table 12: North America Automotive Energy Recovery System Market Volume K Units Forecast, by Propulsion 2018 & 2031
- Table 13: North America Automotive Energy Recovery System Market Revenue USD billion Forecast, by Vehicle 2018 & 2031
- Table 14: North America Automotive Energy Recovery System Market Volume K Units Forecast, by Vehicle 2018 & 2031
- Table 15: North America Automotive Energy Recovery System Market Revenue USD billion Forecast, by Region 2018 & 2031
- Table 16: North America Automotive Energy Recovery System Market Volume K Units Forecast, by Region 2018 & 2031
- Table 17: North America Automotive Energy Recovery System Market Revenue USD billion Forecast, by Subsystem 2018 & 2031
- Table 18: North America Automotive Energy Recovery System Market Volume K Units Forecast, by Subsystem 2018 & 2031
- Table 19: North America Automotive Energy Recovery System Market Revenue USD billion Forecast, by Propulsion 2018 & 2031
- Table 20: North America Automotive Energy Recovery System Market Volume K Units Forecast, by Propulsion 2018 & 2031
- Table 21: North America Automotive Energy Recovery System Market Revenue USD billion Forecast, by Vehicle 2018 & 2031
- Table 22: North America Automotive Energy Recovery System Market Volume K Units Forecast, by Vehicle 2018 & 2031
- Table 23: North America Automotive Energy Recovery System Market Revenue USD billion Forecast, by Country 2018 & 2031
- Table 24: North America Automotive Energy Recovery System Market Volume K Units Forecast, by Country 2018 & 2031
- Table 25: United States North America Automotive Energy Recovery System Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 26: United States North America Automotive Energy Recovery System Market Volume (K Units ) Forecast, by Application 2018 & 2031
- Table 27: Canada North America Automotive Energy Recovery System Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 28: Canada North America Automotive Energy Recovery System Market Volume (K Units ) Forecast, by Application 2018 & 2031
- Table 29: Mexico North America Automotive Energy Recovery System Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 30: Mexico North America Automotive Energy Recovery System Market Volume (K Units ) Forecast, by Application 2018 & 2031
- Table 31: North America Automotive Energy Recovery System Market Revenue USD billion Forecast, by Subsystem 2018 & 2031
- Table 32: North America Automotive Energy Recovery System Market Volume K Units Forecast, by Subsystem 2018 & 2031
- Table 33: North America Automotive Energy Recovery System Market Revenue USD billion Forecast, by Propulsion 2018 & 2031
- Table 34: North America Automotive Energy Recovery System Market Volume K Units Forecast, by Propulsion 2018 & 2031
- Table 35: North America Automotive Energy Recovery System Market Revenue USD billion Forecast, by Vehicle 2018 & 2031
- Table 36: North America Automotive Energy Recovery System Market Volume K Units Forecast, by Vehicle 2018 & 2031
- Table 37: North America Automotive Energy Recovery System Market Revenue USD billion Forecast, by Country 2018 & 2031
- Table 38: North America Automotive Energy Recovery System Market Volume K Units Forecast, by Country 2018 & 2031
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 6.5% from 2018-2032 |
| Segmentation |
|
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