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The size of the global market for regenerative braking systems, estimated at USD 5.48 billion in 2022, is expected to increase by USD 11.98 billion by 2030, representing a CAGR of 10.02% during the forecast period, from USD 6.0 billion in 2023. Regenerative braking systems are in more demand than expected in all locations compared to pre-pandemic levels as a result of the unprecedented and overwhelming COVID-19 pandemic. According to our data, the global market grew by 12.11 percent in 2020 compared to 2019.
A kinetic energy recovery technology called regenerative braking is used mostly on pure electric and hybrid vehicles to recover the energy lost during braking and deceleration and then use it to recharge the battery. In this system, when moving forward or cruising, the engine propels the wheels, and when slowing down, the wheels propel the motor. The engine can function as a generator by opposing the rotation of the wheels and generating power to refuel the vehicle's battery thanks to this two-way energy flow. Nearly 5%–10% of transmitted energy can be recovered by utilising this type of braking system; the amount of energy recovered varies on the vehicle's speed and braking style.
DRIVING FACTORS
Electric and plug-in hybrid electric cars (BEVs and HEVs) use this braking technology. In order to propel the vehicle as needed, the kinetic energy used in braking and decelerating is converted into electrical energy and stored in batteries. Demand for fuel-efficient automobiles is growing as a result of rising fuel costs, which supports market expansion. Consumers and automakers are becoming more interested in fuel-saving technology as a result of rising petrol prices. The use of high fuel consumption and decreased driving range by automobiles minimises pollution.
As soon as the brake pedal is removed, the vehicle can produce extra torque by utilising regenerated energy. The Antilock Braking System (ABS), the load sensing system, and the Anti-Slip Reduction (ASR) can all be effectively combined with this braking system. The energy is then used to refuel the car's batteries after being captured by the regenerative brakes. Vehicles will stay charged for a longer amount of time because this energy would often be lost. This idea also applies to fully electric vehicles, which operate on a mechanism that periodically sends electrical energy back into the battery to enable system activation.
RESTRAINING FACTORS
Batteries, an electronic control unit (ECU), a flywheel, a motor generator, a disc, and connecting wires make up the majority of regenerative braking systems. The weight of the vehicle as a whole is increased by this full system. These extra parts also raise the cost of repairs and maintenance and increase the fuel consumption of the car, which restricts market growth.
Report Coverage
Global Automotive Regenerative Braking System research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Automotive Regenerative Braking System report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Automotive Regenerative Braking System competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Automotive Regenerative Braking System market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Automotive Regenerative Braking System market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Automotive Regenerative Braking System market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Robert Bosch GmbH (Germany), Denso Corporation (Japan), Continental AG (Germany), ZF Friedrichshafen AG (Germany), BorgWarner Inc. (U.S.), Hyundai Mobis (South Korea), Eaton (Ireland), Brembo S.P.A (Italy), Skeleton Technologies GmbH (Germany)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Automotive Regenerative Braking System market based on the below-mentioned segments:
Global Automotive Regenerative Braking System Market, By Component
Battery
Motor
ECU
Flywheel
Global Automotive Regenerative Braking System market, By Propulsion
BEV
PHEV
FCEV
Global Automotive Regenerative Braking System Market, By Vehicle Type
Passenger Car (PC)
Light Commercial Vehicle (LCV)
Heavy Commercial Vehicle (HCV)
Global Automotive Regenerative Braking System market, Regional Analysis
A kinetic energy recovery technology called regenerative braking is used mostly on pure electric and hybrid vehicles to recover the energy lost during braking and deceleration and then use it to recharge the battery. In this system, when moving forward or cruising, the engine propels the wheels, and when slowing down, the wheels propel the motor. The engine can function as a generator by opposing the rotation of the wheels and generating power to refuel the vehicle's battery thanks to this two-way energy flow. Nearly 5%–10% of transmitted energy can be recovered by utilising this type of braking system; the amount of energy recovered varies on the vehicle's speed and braking style.
DRIVING FACTORS
Electric and plug-in hybrid electric cars (BEVs and HEVs) use this braking technology. In order to propel the vehicle as needed, the kinetic energy used in braking and decelerating is converted into electrical energy and stored in batteries. Demand for fuel-efficient automobiles is growing as a result of rising fuel costs, which supports market expansion. Consumers and automakers are becoming more interested in fuel-saving technology as a result of rising petrol prices. The use of high fuel consumption and decreased driving range by automobiles minimises pollution.
As soon as the brake pedal is removed, the vehicle can produce extra torque by utilising regenerated energy. The Antilock Braking System (ABS), the load sensing system, and the Anti-Slip Reduction (ASR) can all be effectively combined with this braking system. The energy is then used to refuel the car's batteries after being captured by the regenerative brakes. Vehicles will stay charged for a longer amount of time because this energy would often be lost. This idea also applies to fully electric vehicles, which operate on a mechanism that periodically sends electrical energy back into the battery to enable system activation.
RESTRAINING FACTORS
Batteries, an electronic control unit (ECU), a flywheel, a motor generator, a disc, and connecting wires make up the majority of regenerative braking systems. The weight of the vehicle as a whole is increased by this full system. These extra parts also raise the cost of repairs and maintenance and increase the fuel consumption of the car, which restricts market growth.
Report Coverage
Global Automotive Regenerative Braking System research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Automotive Regenerative Braking System report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Automotive Regenerative Braking System competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Automotive Regenerative Braking System market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Robert Bosch GmbH (Germany), Denso Corporation (Japan), Continental AG (Germany), ZF Friedrichshafen AG (Germany), BorgWarner Inc. (U.S.), Hyundai Mobis (South Korea), Eaton (Ireland), Brembo S.P.A (Italy), Skeleton Technologies GmbH (Germany) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Automotive Regenerative Braking System Market from 2021 to 2030.
- Market Forecast for Automotive Regenerative Braking System Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Automotive Regenerative Braking System competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Automotive Regenerative Braking System
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Automotive Regenerative Braking System market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Automotive Regenerative Braking System market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Robert Bosch GmbH (Germany), Denso Corporation (Japan), Continental AG (Germany), ZF Friedrichshafen AG (Germany), BorgWarner Inc. (U.S.), Hyundai Mobis (South Korea), Eaton (Ireland), Brembo S.P.A (Italy), Skeleton Technologies GmbH (Germany)
Primary Target Market
- Market Players of Automotive Regenerative Braking System
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Automotive Regenerative Braking System market based on the below-mentioned segments:
Global Automotive Regenerative Braking System Market, By Component
Battery
Motor
ECU
Flywheel
Global Automotive Regenerative Braking System market, By Propulsion
BEV
PHEV
FCEV
Global Automotive Regenerative Braking System Market, By Vehicle Type
Passenger Car (PC)
Light Commercial Vehicle (LCV)
Heavy Commercial Vehicle (HCV)
Global Automotive Regenerative Braking System market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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