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Automotive Energy Recovery System Market Share

Report ID: GMI7004
Published Date: Oct 2023
Report Format: PDF

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Automotive Energy Recovery System Market Share

Major companies operating in the automotive energy recovery system industry are:

Continental AG
Bosch
ZF Friedrichshafen
Asin Seiki Co. Ltd
Faurecia
Hitachi Automotive Systems
Mitsubishi

ZF Friedrichshafen AG and AISIN CORPORATION are dominant players in the automotive energy recovery system industry with a combined market share of around 11%. Their leadership is attributed to their extensive product portfolios and global presence, catering to various vehicle segments. They provide innovative solutions, such as regenerative braking systems and waste heat recovery technologies, which are widely adopted by automakers. Their reputation for reliability, quality, and efficiency positions them as preferred partners, solidifying their market dominance.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of automotive energy recovery system reached USD 21.3 billion in 2022 and is poised to expand at over 10% CAGR from 2023 to 2032, attributed to the increasing focus on low-emission cars and commercial vehicles for reducing emissions and improving fuel efficiency.

The commercial vehicle segment accounted for 45% of the market share in 2022, with businesses increasingly prioritizing fuel efficiency and emissions reduction in their fleets.

Europe market size was valued at USD 9.3 billion in 2022, driven by the stringent emission regulations coupled with government incentives & initiatives for promoting eco-friendly transportation.

Some leading firms engaged in the market are Continental AG, Bosch, ZF Friedrichshafen, Asin Seiki Co. Ltd, Faurecia, Hitachi Automotive Systems, and Mitsubishi.