Global Exhaust Heat Recovery System Market, By Type (Exhaust Gas Heat Recovery (EGHR), Rankine Cycle Systems, Thermoelectric Generator and Electric Turbo Compounding (ETC)), Technology (EGR, Turbocharger, ORC, and TEG), Component (EGR Valve and Cooler, Compressor, Turbine, Evaporator, Condenser and TEG Module), Energy Source (Fuel and Electric), Vehicle (Passenger, Light Commercial Vehicles, Heavy Commercial Vehicles and Electric Vehicles), Sales Channel (OEM and Aftermarket), Country (U.S., Canada, Mexico, Peru, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Kuwait, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Global Exhaust Heat Recovery System Market
Global exhaust heat recovery system market will undergo a rise in its market value from USD 41.73 billion to USD 103.7 billion for the forecast period of 2021-2028. Data Bridge Market Research analyses that the market will witness a CAGR of 12.06% for the forecast period.
The exhaust heat recovery system is a technology that helps to reduce carbon dioxide emissions from vehicles. It further is used by the manufacturers to save fuel and energy. The exhaust heat recovery system converts the thermal losses in the engine exhaust into energy. From the name itself, it is clear that the technology can be used either on conventional vehicles or hybrid ones. It cannot be used on electric vehicles because they don’t emit any harmful gases.
The major attraction of this market is its ability to convert thermal waste into energy and reduce environmental pollution at the same time. Also, the demand for this system has substantially risen with the global aim to reduce the pollution level which has increased due to the increasing number of vehicles on the road. Also, strict norms and regulations by the government over fuel gas emissions have enabled the manufacturers to incorporate this technology. As a result, the research and development of technology are also increasing.
On the contrary, strict competition from the existing and emerging market players may somehow slow down the exhaust heat recovery system’s market growth. Also, the lack of awareness among the consumers about the same will hamper the market extension. The cost involved in installing the same is another market restraint. Adding the technology to the vehicles increasing the cost of the vehicle and not everyone can pay for that.
This exhaust heat recovery system market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on exhaust heat recovery system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Exhaust Heat Recovery System Market Scope and Market Size
The exhaust heat recovery system market is segmented on the basis of type, technology, component, energy source, vehicle and sales channel. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the exhaust heat recovery system market is segmented into exhaust gas heat recovery (EGHR), rankine cycle systems, thermoelectric generator and electric turbo compounding (ETC).
- On the basis of technology, the exhaust heat recovery system market is segmented into EGR, turbocharger, ORC and TEG.
- On the basis of component, the exhaust heat recovery system market is segmented into EGR valve and cooler, compressor, turbine, evaporator, condenser and TEG module.
- The exhaust heat recovery system market can also be segmented on the basis of energy source into fuel and electric vehicles.
- On the basis of vehicle type, the exhaust heat recovery system market is bifurcated into passenger, light commercial vehicles heavy commercial vehicles and electric vehicles.
- On the basis of sales channel, the exhaust heat recovery system market is segmented into OEM and aftermarket.
Global Exhaust Heat Recovery System Market Country Level Analysis
The exhaust heat recovery system market is analysed and market size insights and trends are provided by country, type, technology, component, energy source, vehicle and sales channel as referenced above.
The countries covered in the exhaust heat recovery system market report are U.S., Canada and Mexico in North America, Peru, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Kuwait, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific is all set to project the highest growth rate for the forecast period due to major players in this region. Ever-increasing air pollution coupled with the stringent regulations by the government on fuel gas emissions is the biggest market driving force in this region. Also, with the aim to achieve sustainable development, the region is excelling in the exhaust heat recovery system market.
The country section of the exhaust heat recovery system market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Exhaust Heat Recovery System Market Share Analysis
The exhaust heat recovery system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to exhaust heat recovery system market.
The major players covered in the exhaust heat recovery system market report are BorgWarner Inc., Continental AG, Faurecia, DENSO CORPORATION, MAHLE GmbH, Aptiv., Robert Bosch GmbH, Bosal, Cummins Inc., Tenneco Inc., Autoliv Inc., IHI Corporation, ABB, Alstom, Econotherm (UK) LTD, Thermax Limited., Ormat., Siemens, GENERAL ELECTRIC and MITSUBISHI HEAVY INDUSTRIES, LTD. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
SKU-