Exhaust Heat Recovery System Market – Global Industry Size, Share, Trends Opportunity, and Forecast, Segmented By Component (Turbine, TEG Module, Compressor, Evaporator, EGR Valve & Cooler, Condenser And Others), By Technology (Exhaust Gas Recirculation (EGR), Thermoelectric Generator (TEG), Organic Rankine Cycle (ORC), By Vehicle Type (Passenger Cars, Commercial Vehicles), By Region, Competition 2019-2029F

  • Industry : Automotive
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Summary

Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 30.29 Billion

CAGR (2024-2029)

6.77%

Fastest Growing Segment

Exhaust Gas Recirculation (EGR)

Largest Market

Europe & CIS

Market Size (2029)

USD 44.70 Billion




Market Overview

Global Exhaust Heat Recovery System Market was valued at USD 30.29 Billion in 2023 and is expected to reach USD 44.70 Billion by 2029 with a CAGR of 6.77% during the forecast period. The Global Exhaust Heat Recovery System Market is experiencing robust growth due to several key drivers. Stringent environmental regulations, which mandate reductions in emissions and improvements in energy efficiency, are a major catalyst for this growth. As industries face increasing pressure to meet these regulations, the adoption of exhaust heat recovery technologies becomes a viable solution. These systems capture and repurpose heat from exhaust gases, leading to significant improvements in overall energy efficiency and reduced operational costs. The push towards cleaner and more sustainable industrial practices further accelerates the demand for these technologies.

Current trends in the market highlight a strong focus on technological innovation and integration. Advances in materials science and engineering have led to the development of more efficient and durable exhaust heat recovery systems. The growing emphasis on smart and connected technologies also plays a crucial role, as manufacturers incorporate sophisticated control systems to optimize performance. This trend towards enhanced functionality and integration with other energy management systems reflects the industry's commitment to achieving higher efficiency and reducing environmental impact. The continuous research and development efforts in this field are contributing to the emergence of more advanced and cost-effective solutions.

Despite the positive outlook, the market faces several challenges. The high initial investment required for implementing exhaust heat recovery systems can be a barrier for many businesses, particularly small and medium-sized enterprises. The need for specialized knowledge and expertise to install and maintain these systems can add to the complexity and cost. Addressing these challenges requires ongoing efforts to reduce costs through technological advancements and to provide comprehensive support and training for end-users. While the Global Exhaust Heat Recovery System Market is poised for significant growth, overcoming these challenges will be essential for realizing its full potential.

Key Market Drivers

Rising Emphasis on Energy Efficiency

One of the primary drivers propelling the Global Exhaust Heat Recovery System Market is the growing emphasis on energy efficiency across various industries. As concerns about environmental sustainability and the efficient use of resources increase, industries are actively seeking technologies that can harness and utilize waste heat from exhaust gases. Exhaust heat recovery systems play a crucial role in improving energy efficiency, reducing overall fuel consumption, and lowering greenhouse gas emissions, aligning with global efforts to address climate change and promote sustainable practices.

Stringent Environmental Regulations

Stringent environmental regulations and emission standards imposed by governments worldwide are driving the adoption of exhaust heat recovery systems. As part of efforts to mitigate air pollution and reduce the environmental impact of industrial and automotive activities, regulatory bodies mandate the implementation of technologies that capture and repurpose waste heat. The use of exhaust heat recovery systems allows industries to comply with emissions standards while simultaneously enhancing energy efficiency, making it a pivotal driver in the global market.

Automotive Industry Transition and Hybridization

The ongoing transition in the automotive industry towards cleaner and more fuel-efficient technologies, including hybridization, is a significant driver for exhaust heat recovery systems. In both conventional and hybrid vehicles, capturing and utilizing waste heat from exhaust gases contributes to improved fuel efficiency and reduced carbon emissions. As automakers strive to meet fuel economy standards and consumer demand for eco-friendly vehicles increases, exhaust heat recovery systems become integral to achieving these objectives.

Increasing Focus on Waste Heat Utilization

The increasing focus on waste heat utilization in industrial processes is driving the adoption of exhaust heat recovery systems. Industries such as manufacturing, power generation, and chemical processing generate substantial amounts of waste heat during various operations. Exhaust heat recovery technologies enable these industries to harness the otherwise wasted thermal energy, converting it into usable power for heating, electricity generation, or other industrial processes, thereby optimizing overall energy utilization and reducing operational costs.

Technological Advancements and Innovations

Ongoing technological advancements and innovations in exhaust heat recovery systems contribute to their broader adoption. Emerging technologies, such as Organic Rankine Cycle (ORC) systems, thermoelectric generators, and advanced heat exchangers, enhance the efficiency of heat recovery processes. These innovations make exhaust heat recovery systems more versatile, applicable to a diverse range of industries, and capable of capturing heat from a broader spectrum of exhaust gases.

Operational Cost Savings

Exhaust heat recovery systems offer operational cost savings to industries by reducing the need for additional energy inputs. By capturing and utilizing waste heat, industries can offset energy costs associated with heating, electricity generation, and other processes. This cost-saving aspect becomes particularly appealing to businesses seeking ways to enhance their operational efficiency, improve profit margins, and maintain competitiveness in markets where energy prices fluctuate.

Growing Industrialization in Developing Regions

The increasing pace of industrialization in developing regions, characterized by expanding manufacturing activities and infrastructure development, is driving the demand for exhaust heat recovery systems. As industries in these regions seek ways to enhance energy efficiency and comply with environmental standards, the adoption of exhaust heat recovery technologies becomes a strategic imperative. This trend is anticipated to contribute significantly to the global market's growth, particularly in regions with burgeoning industrial sectors.

Government Incentives and Support

Government incentives, subsidies, and support programs aimed at promoting energy-efficient technologies further propel the adoption of exhaust heat recovery systems. Many governments worldwide offer financial incentives and regulatory support to encourage industries to invest in technologies that reduce energy consumption and environmental impact. The availability of such incentives creates a favorable environment for businesses to adopt exhaust heat recovery systems as part of their sustainability initiatives, driving market growth on a global scale.


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Key Market Challenges

High Initial Investment Costs

One of the primary challenges facing the Global Exhaust Heat Recovery System Market is the high initial investment required for the installation of these systems. The capital expenditure associated with implementing exhaust heat recovery technologies, including the purchase and installation of heat exchangers, Organic Rankine Cycle (ORC) systems, and other components, can be a significant barrier for industries, especially for smaller enterprises. Despite the long-term operational cost savings, the substantial upfront investment often deters potential adopters, slowing down the widespread adoption of exhaust heat recovery systems.

Complex Integration with Existing Systems

The integration of exhaust heat recovery systems with existing industrial and automotive systems can be complex. Industries often face challenges in retrofitting these systems into their operations without disrupting regular production processes. Compatibility issues, the need for customized solutions, and the complexity of integrating exhaust heat recovery technologies with diverse industrial setups contribute to challenges in seamless implementation, hindering adoption across various sectors.

Variability in Exhaust Gas Temperatures

The variability in exhaust gas temperatures poses a challenge for exhaust heat recovery systems. Different industrial processes and vehicle operating conditions result in fluctuating exhaust gas temperatures. Designing exhaust heat recovery systems that can efficiently capture and convert waste heat across a wide range of temperatures requires specialized engineering solutions. Adapting exhaust heat recovery technologies to accommodate temperature variations remains a technical challenge, impacting their universal applicability.

Maintenance and Reliability Concerns

Maintenance and reliability concern present challenges for exhaust heat recovery systems, particularly in industrial settings with harsh operating conditions. Heat exchangers and other components are exposed to high temperatures, corrosive gases, and particulate matter, leading to wear and potential breakdowns. Ensuring the reliability of exhaust heat recovery systems and developing robust maintenance protocols are critical to addressing longevity concerns and sustaining the efficiency of these systems over time.

Limited Standardization and Regulations

The absence of standardized frameworks and regulations for exhaust heat recovery systems poses challenges for both manufacturers and end-users. The lack of standardized testing procedures and performance metrics makes it challenging for industries to assess and compare the efficiency of different systems. The absence of clear regulatory guidelines can result in uncertainty regarding compliance requirements, hindering widespread adoption and creating a fragmented market landscape.

Size and Weight Constraints

In automotive applications, the size and weight constraints of exhaust heat recovery systems can be challenging, especially in the context of modern vehicles with strict design specifications. Integrating heat recovery technologies within the confined space of a vehicle without compromising weight, aerodynamics, or overall performance requires engineering solutions that balance functionality with design constraints, adding complexity to the implementation process.

Limited Awareness and Education

Limited awareness and education about the benefits of exhaust heat recovery systems contribute to slower adoption rates. Many industries may not fully grasp the potential energy savings and environmental advantages offered by these technologies. Efforts to educate decision-makers, engineers, and operators about the long-term benefits and return on investment associated with exhaust heat recovery systems are crucial for overcoming awareness challenges and fostering broader acceptance.

Competing Priorities and Short-Term Focus

In industries where there are competing priorities and a short-term focus on immediate operational concerns, the adoption of exhaust heat recovery systems may take a backseat. Businesses facing financial constraints or prioritizing projects with more immediate returns may delay investments in energy efficiency measures. Shifting organizational priorities towards long-term sustainability and energy efficiency remains a challenge, requiring a strategic shift in the mindset of decision-makers across various sectors.

Key Market Trends

Integration of Advanced Materials

A prominent trend in the Global Exhaust Heat Recovery System Market is the integration of advanced materials to enhance system efficiency and durability. Manufacturers are exploring innovative materials, such as high-performance alloys and ceramics, to withstand high temperatures and corrosive environments. These materials not only improve the longevity of exhaust heat recovery systems but also contribute to increased heat transfer efficiency, optimizing the overall performance of the systems across diverse industrial applications.

Focus on Organic Rankine Cycle (ORC) Systems

The adoption of Organic Rankine Cycle (ORC) systems is a noteworthy trend, particularly in industrial settings. ORC systems efficiently convert low- to medium-temperature waste heat into electricity, offering a versatile solution for various industrial processes. As industries seek to maximize the recovery of waste heat at varying temperature ranges, the application of ORC technology is gaining traction, contributing to the overall growth and diversification of the exhaust heat recovery system market.

Customization for Specific Applications

A trend towards customization of exhaust heat recovery systems for specific industrial and automotive applications is emerging. Manufacturers are developing tailor-made solutions to address the unique requirements of different sectors, considering factors such as exhaust gas characteristics, temperature profiles, and space constraints. Customization ensures optimal performance and compatibility with existing systems, reflecting a shift towards more adaptable and application-specific exhaust heat recovery solutions.

Digitalization and Predictive Maintenance

Digitalization and the integration of predictive maintenance technologies are transforming the exhaust heat recovery landscape. IoT-enabled sensors and data analytics allow real-time monitoring of system performance, enabling predictive maintenance strategies. This trend minimizes downtime, enhances reliability, and ensures proactive interventions to address potential issues, aligning with the broader industrial shift towards smart and connected solutions.

Hybridization in Automotive Applications

In the automotive sector, a trend towards hybridization and the integration of exhaust heat recovery systems in hybrid vehicles is gaining momentum. Automakers are exploring ways to utilize waste heat from exhaust gases to power auxiliary systems, reducing reliance on the internal combustion engine for ancillary functions. This trend aligns with the industry's commitment to improving fuel efficiency and reducing carbon emissions in both conventional and hybrid vehicle models.

Increased Adoption in Data Centers

The exhaust heat recovery market is witnessing increased adoption in data centers, where large-scale energy consumption generates significant waste heat. Companies are exploring ways to capture and repurpose this waste heat for heating purposes or to generate additional electricity. This trend reflects the growing importance of sustainability in data center operations and the potential for exhaust heat recovery systems to contribute to energy-efficient practices in the information technology sector.

Collaborations and Partnerships

Collaborations and partnerships between exhaust heat recovery system manufacturers and industry players are on the rise. These collaborations aim to leverage collective expertise, accelerate technological advancements, and create comprehensive solutions that address the diverse needs of end-users. Strategic partnerships with automotive manufacturers, industrial facilities, and research institutions are fostering innovation and driving the development of next-generation exhaust heat recovery technologies.

Rise of Waste Heat-to-Power Systems

The rise of waste heat-to-power systems is a notable trend, particularly in industries with high-temperature exhaust gases. Manufacturers are focusing on developing systems that efficiently convert waste heat into electricity, providing an additional source of power for industrial processes. This trend aligns with the broader global push towards decentralized energy solutions and the utilization of waste heat as a valuable resource in achieving sustainability goals.

Segmental Insights

Technology Insights

Exhaust Gas Recirculation (EGR) is rapidly emerging as the fastest growing segment within the Exhaust Heat Recovery System (EHRS) market due to its significant role in reducing vehicle emissions and improving fuel efficiency. EGR works by recirculating a portion of an engine's exhaust gases back into the combustion chamber. This process lowers the combustion temperature, thereby reducing the formation of nitrogen oxides (NOx), which are harmful pollutants linked to air quality degradation and respiratory issues.

Several factors contribute to the accelerated growth of EGR in the market. Global emission regulations are driving automotive manufacturers to adopt technologies like EGR to comply with stringent standards, especially in the European Union, China, and the United States. Reducing NOx emissions is a primary focus of these regulations, and EGR provides a cost-effective and reliable solution.

Increasing consumer demand for fuel-efficient vehicles, particularly in the passenger car and commercial vehicle segments, has spurred the adoption of EGR systems. EGR contributes to better fuel economy by optimizing the combustion process, making vehicles more energy-efficient and environmentally friendly.

Growing trend toward downsized engines in modern vehicles. Downsized engines typically produce higher combustion temperatures, leading to increased NOx emissions. EGR helps mitigate this issue by cooling the exhaust gases and enhancing the overall efficiency of smaller engines.

The technology's versatility also supports its growth, as it is compatible with various fuel types, including gasoline, diesel, and alternative fuels. This adaptability makes EGR a preferred choice across different vehicle categories, from light-duty passenger cars to heavy-duty trucks.  EGR's ability to reduce emissions, improve fuel efficiency, and adapt to evolving regulatory and market demands positions it as the fastest growing segment within the Exhaust Heat Recovery System market.

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Regional Insights

Europe and the Commonwealth of Independent States (CIS) are dominating the Exhaust Heat Recovery System (EHRS) market, driven by a combination of stringent environmental regulations, robust automotive manufacturing sectors, and a strong focus on sustainability. The region has established itself as a global leader in implementing advanced technologies aimed at reducing vehicle emissions and improving fuel efficiency, and EHRS plays a key role in achieving these goals.

One of the primary reasons for Europe's dominance in this market is the European Union’s strict emission standards, such as the Euro 6 regulations, which set tight limits on nitrogen oxides (NOx) and carbon dioxide (CO2) emissions. These regulations push automakers to integrate EHRS technologies, including Exhaust Gas Recirculation (EGR) and Waste Heat Recovery (WHR) systems, into their vehicles to comply with the legal requirements. This is particularly evident in countries like Germany, France, and the United Kingdom, which are home to some of the largest and most technologically advanced automotive industries in the world.

The region’s commitment to achieving carbon neutrality by 2050, as part of the European Green Deal, further accelerates the adoption of EHRS. The transition toward hybrid and electric vehicles also benefits from EHRS technologies, which enhance the energy efficiency of vehicles by recovering waste heat and converting it into usable energy, reducing reliance on conventional fuels.

In the CIS region, countries like Russia are seeing increased investments in automotive infrastructure and a growing demand for fuel-efficient, eco-friendly vehicles. While not as stringent as the EU, CIS countries are gradually adopting emission regulations that encourage the use of EHRS technologies, adding to the market growth. Europe & CIS’s leadership in environmental regulations, technological advancements, and a proactive stance on sustainability have cemented its position as the dominant market in the Exhaust Heat Recovery System sector.

Key Market Players

  • FORVIA Group
  • MAHLE GmbH
  • Continental AG
  • DENSO Corporation
  • Honeywell International Inc.
  • Dana Incorporated
  • Marelli Corporation
  • PHINIA Inc
  • Mitsubishi Heavy Industries, Ltd
  • Cummins Inc

By Component

By Technology

By Vehicle Type

By Region
  • Turbine
  • TEG Module
  • Compressor
  • Evaporator
  • EGR Valve & Cooler
  • Condenser
  • Others
  • Exhaust Gas Recirculation (EGR)
  • Thermoelectric Generator (TEG)
  • Organic Rankine Cycle (ORC)
  • Passenger Cars
  • Commercial Vehicles
  • North America
  • Europe & CIS
  • Asia-Pacific
  • South America
  • Middle East & Africa

Report Scope:

In this report, the Global Exhaust Heat Recovery System Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Exhaust Heat Recovery System Market, By Component:

o   Turbine

o   TEG Module

o   Compressor

o   Evaporator

o   EGR Valve & Cooler

o   Condenser

o   Others

  • Exhaust Heat Recovery System Market, By Technology:

o   Exhaust Gas Recirculation (EGR)

o   Thermoelectric Generator (TEG)

o   Organic Rankine Cycle (ORC)

  • Exhaust Heat Recovery System Market, By Vehicle Type:

o   Passenger Cars

o   Commercial Vehicles

  • Exhaust Heat Recovery System Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe & CIS

§  Germany

§  Spain

§  France

§  Russia

§  Italy

§  United Kingdom

§  Belgium

o   Asia-Pacific

§  China

§  India

§  Japan

§  Indonesia

§  Thailand

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  Turkey

§  Iran

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Exhaust Heat Recovery System Market.

Available Customizations:

Global Exhaust Heat Recovery System Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Exhaust Heat Recovery System Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.     Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.     Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.     Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.     Impact of COVID-19 on Global Exhaust Heat Recovery System Market

5.     Global Exhaust Heat Recovery System Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Component Market Share Analysis (Turbine, TEG Module, Compressor, Evaporator, EGR Valve & Cooler, Condenser and Others))

5.2.2.    By Technology Market Share Analysis (Exhaust Gas Recirculation (EGR), Thermoelectric Generator (TEG), Organic Rankine Cycle (ORC)

5.2.3.    By Vehicle Type Market Share Analysis (Passenger Cars, Commercial Vehicles)

5.2.4.    By Region Market Share Analysis

5.2.4.1.        Asia-Pacific Market Share Analysis

5.2.4.2.        Europe & CIS Market Share Analysis

5.2.4.3.        North America Market Share Analysis

5.2.4.4.        South America Market Share Analysis

5.2.4.5.        Middle East & Africa Market Share Analysis

5.2.5.    By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2023)

5.3.  Global Exhaust Heat Recovery System Market Mapping & Opportunity Assessment

5.3.1.    By Component Market Mapping & Opportunity Assessment

5.3.2.    By Technology Market Mapping & Opportunity Assessment

5.3.3.    By Vehicle Type Market Mapping & Opportunity Assessment

5.3.4.    By Regional Market Mapping & Opportunity Assessment

6.     Asia-Pacific Exhaust Heat Recovery System Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Component Market Share Analysis

6.2.2.    By Technology Market Share Analysis

6.2.3.    By Vehicle Type Market Share Analysis

6.2.4.    By Country Market Share Analysis

6.2.4.1.        China Market Share Analysis

6.2.4.2.        India Market Share Analysis

6.2.4.3.        Japan Market Share Analysis

6.2.4.4.        Indonesia Market Share Analysis

6.2.4.5.        Thailand Market Share Analysis

6.2.4.6.        South Korea Market Share Analysis

6.2.4.7.        Australia Market Share Analysis

6.2.4.8.        Rest of Asia-Pacific Market Share Analysis

6.3.  Asia-Pacific: Country Analysis

6.3.1.    China Exhaust Heat Recovery System Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.             By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.             By Component Market Share Analysis

6.3.1.2.2.             By Technology Market Share Analysis

6.3.1.2.3.             By Vehicle Type Market Share Analysis

6.3.2.    India Exhaust Heat Recovery System Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.             By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.             By Component Market Share Analysis

6.3.2.2.2.             By Technology Market Share Analysis

6.3.2.2.3.             By Vehicle Type Market Share Analysis

6.3.3.    Japan Exhaust Heat Recovery System Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.             By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.             By Component Market Share Analysis

6.3.3.2.2.             By Technology Market Share Analysis

6.3.3.2.3.             By Vehicle Type Market Share Analysis

6.3.4.    Indonesia Exhaust Heat Recovery System Market Outlook

6.3.4.1.        Market Size & Forecast

6.3.4.1.1.             By Value

6.3.4.2.        Market Share & Forecast

6.3.4.2.1.             By Component Market Share Analysis

6.3.4.2.2.             By Technology Market Share Analysis

6.3.4.2.3.             By Vehicle Type Market Share Analysis

6.3.5.    Thailand Exhaust Heat Recovery System Market Outlook

6.3.5.1.        Market Size & Forecast

6.3.5.1.1.             By Value

6.3.5.2.        Market Share & Forecast

6.3.5.2.1.             By Vehicle Type Market Share Analysis

6.3.5.2.2.             By Technology Market Share Analysis

6.3.5.2.3.             By Vehicle Type Market Share Analysis

6.3.6.    South Korea Exhaust Heat Recovery System Market Outlook

6.3.6.1.        Market Size & Forecast

6.3.6.1.1.             By Value

6.3.6.2.        Market Share & Forecast

6.3.6.2.1.             By Component Market Share Analysis

6.3.6.2.2.             By Technology Market Share Analysis

6.3.6.2.3.             By Vehicle Type Market Share Analysis

6.3.7.    Australia Exhaust Heat Recovery System Market Outlook

6.3.7.1.        Market Size & Forecast

6.3.7.1.1.             By Value

6.3.7.2.        Market Share & Forecast

6.3.7.2.1.             By Component Market Share Analysis

6.3.7.2.2.             By Technology Market Share Analysis

6.3.7.2.3.             By Vehicle Type Market Share Analysis

7.     Europe & CIS Exhaust Heat Recovery System Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Component Market Share Analysis

7.2.2.    By Technology Market Share Analysis

7.2.3.    By Vehicle Type Market Share Analysis

7.2.4.    By Country Market Share Analysis

7.2.4.1.        Germany Market Share Analysis

7.2.4.2.        Spain Market Share Analysis

7.2.4.3.        France Market Share Analysis

7.2.4.4.        Russia Market Share Analysis

7.2.4.5.        Italy Market Share Analysis

7.2.4.6.        United Kingdom Market Share Analysis

7.2.4.7.        Belgium Market Share Analysis

7.2.4.8.        Rest of Europe & CIS Market Share Analysis

7.3.  Europe & CIS: Country Analysis

7.3.1.    Germany Exhaust Heat Recovery System Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.             By Component Market Share Analysis

7.3.1.2.2.             By Technology Market Share Analysis

7.3.1.2.3.             By Vehicle Type Market Share Analysis

7.3.2.    Spain Exhaust Heat Recovery System Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.             By Component Market Share Analysis

7.3.2.2.2.             By Technology Market Share Analysis

7.3.2.2.3.             By Vehicle Type Market Share Analysis

7.3.3.    France Exhaust Heat Recovery System Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.             By Component Market Share Analysis

7.3.3.2.2.             By Technology Market Share Analysis

7.3.3.2.3.             By Vehicle Type Market Share Analysis

7.3.4.    Russia Exhaust Heat Recovery System Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.             By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.             By Component Market Share Analysis

7.3.4.2.2.             By Technology Market Share Analysis

7.3.4.2.3.             By Vehicle Type Market Share Analysis

7.3.5.    Italy Exhaust Heat Recovery System Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.             By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.             By Component Market Share Analysis

7.3.5.2.2.             By Technology Market Share Analysis

7.3.5.2.3.             By Vehicle Type Market Share Analysis

7.3.6.    United Kingdom Exhaust Heat Recovery System Market Outlook

7.3.6.1.        Market Size & Forecast

7.3.6.1.1.             By Value

7.3.6.2.        Market Share & Forecast

7.3.6.2.1.             By Component Market Share Analysis

7.3.6.2.2.             By Technology Market Share Analysis

7.3.6.2.3.             By Vehicle Type Market Share Analysis

7.3.7.    Belgium Exhaust Heat Recovery System Market Outlook

7.3.7.1.        Market Size & Forecast

7.3.7.1.1.             By Value

7.3.7.2.        Market Share & Forecast

7.3.7.2.1.             By Component Market Share Analysis

7.3.7.2.2.             By Technology Market Share Analysis

7.3.7.2.3.             By Vehicle Type Market Share Analysis

8.     North America Exhaust Heat Recovery System Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Component Market Share Analysis

8.2.2.    By Technology Market Share Analysis

8.2.3.    By Vehicle Type Market Share Analysis

8.2.4.    By Country Market Share Analysis

8.2.4.1.        United States Market Share Analysis

8.2.4.2.        Mexico Market Share Analysis

8.2.4.3.        Canada Market Share Analysis

8.3.  North America: Country Analysis

8.3.1.    United States Exhaust Heat Recovery System Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.             By Component Market Share Analysis

8.3.1.2.2.             By Technology Market Share Analysis

8.3.1.2.3.             By Vehicle Type Market Share Analysis

8.3.2.    Mexico Exhaust Heat Recovery System Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.             By Component Market Share Analysis

8.3.2.2.2.             By Technology Market Share Analysis

8.3.2.2.3.             By Vehicle Type Market Share Analysis

8.3.3.    Canada Exhaust Heat Recovery System Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.             By Component Market Share Analysis

8.3.3.2.2.             By Technology Market Share Analysis

8.3.3.2.3.             By Vehicle Type Market Share Analysis

9.     South America Exhaust Heat Recovery System Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Component Market Share Analysis

9.2.2.    By Technology Market Share Analysis

9.2.3.    By Vehicle Type Market Share Analysis

9.2.4.    By Country Market Share Analysis

9.2.4.1.        Brazil Market Share Analysis

9.2.4.2.        Argentina Market Share Analysis

9.2.4.3.        Colombia Market Share Analysis

9.2.4.4.        Rest of South America Market Share Analysis

9.3.  South America: Country Analysis

9.3.1.    Brazil Exhaust Heat Recovery System Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.             By Component Market Share Analysis

9.3.1.2.2.             By Technology Market Share Analysis

9.3.1.2.3.             By Vehicle Type Market Share Analysis

9.3.2.    Colombia Exhaust Heat Recovery System Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.             By Component Market Share Analysis

9.3.2.2.2.             By Technology Market Share Analysis

9.3.2.2.3.             By Vehicle Type Market Share Analysis

9.3.3.    Argentina Exhaust Heat Recovery System Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.             By Component Market Share Analysis

9.3.3.2.2.             By Technology Market Share Analysis

9.3.3.2.3.             By Vehicle Type Market Share Analysis

10.  Middle East & Africa Exhaust Heat Recovery System Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Component Market Share Analysis

10.2.2. By Technology Market Share Analysis

10.2.3. By Vehicle Type Market Share Analysis

10.2.4. By Country Market Share Analysis

10.2.4.1.     Turkey Market Share Analysis

10.2.4.2.     Iran Market Share Analysis

10.2.4.3.     Saudi Arabia Market Share Analysis

10.2.4.4.     UAE Market Share Analysis

10.2.4.5.     Rest of Middle East & Africa Market Share Analysis

10.3.             Middle East & Africa: Country Analysis

10.3.1. Turkey Exhaust Heat Recovery System Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.          By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.          By Component Market Share Analysis

10.3.1.2.2.          By Technology Market Share Analysis

10.3.1.2.3.          By Vehicle Type Market Share Analysis

10.3.2. Iran Exhaust Heat Recovery System Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.          By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.          By Component Market Share Analysis

10.3.2.2.2.          By Technology Market Share Analysis

10.3.2.2.3.          By Vehicle Type Market Share Analysis

10.3.3. Saudi Arabia Exhaust Heat Recovery System Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.          By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.          By Component Market Share Analysis

10.3.3.2.2.          By Technology Market Share Analysis

10.3.3.2.3.          By Vehicle Type Market Share Analysis

10.3.4. UAE Exhaust Heat Recovery System Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.          By Value

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.          By Component Market Share Analysis

10.3.4.2.2.          By Technology Market Share Analysis

10.3.4.2.3.          By Vehicle Type Market Share Analysis

11.  SWOT Analysis

11.1.             Strength

11.2.             Weakness

11.3.             Opportunities

11.4.             Threats

12.  Market Dynamics

12.1.             Market Drivers

12.2.             Market Challenges

13.  Market Trends and Developments

14.  Competitive Landscape

14.1.             Company Profiles (Up to 10 Major Companies)

14.1.1. FORVIA Group

14.1.1.1.     Company Details

14.1.1.2.     Key Product Offered

14.1.1.3.     Financials (As Per Availability)

14.1.1.4.     Recent Developments

14.1.1.5.     Key Management Personnel

14.1.2. MAHLE GmbH

14.1.2.1.     Company Details

14.1.2.2.     Key Product Offered

14.1.2.3.     Financials (As Per Availability)

14.1.2.4.     Recent Developments

14.1.2.5.     Key Management Personnel

14.1.3. Continental AG

14.1.3.1.     Company Details

14.1.3.2.     Key Product Offered

14.1.3.3.     Financials (As Per Availability)

14.1.3.4.     Recent Developments

14.1.3.5.     Key Management Personnel

14.1.4.  DENSO Corporation

14.1.4.1.     Company Details

14.1.4.2.     Key Product Offered

14.1.4.3.     Financials (As Per Availability)

14.1.4.4.     Recent Developments

14.1.4.5.     Key Management Personnel

14.1.5.  Honeywell International Inc.

      14.1.5.1.     Company Details

14.1.5.2.     Key Product Offered

14.1.5.3.     Financials (As Per Availability)

14.1.5.4.     Recent Developments

14.1.5.5.     Key Management Personnel

14.1.6.  Dana Incorporated

14.1.6.1.     Company Details

14.1.6.2.     Key Product Offered

14.1.6.3.     Financials (As Per Availability)

14.1.6.4.     Recent Developments

14.1.6.5.     Key Management Personnel

14.1.7.  Marelli Corporation

14.1.7.1.     Company Details

14.1.7.2.     Key Product Offered

14.1.7.3.     Financials (As Per Availability)

14.1.7.4.     Recent Developments

14.1.7.5.     Key Management Personnel

14.1.8.  PHINIA Inc 

14.1.8.1.     Company Details

14.1.8.2.     Key Product Offered

14.1.8.3.     Financials (As Per Availability)

14.1.8.4.     Recent Developments

14.1.8.5.     Key Management Personnel

14.1.9.  Mitsubishi Heavy Industries, Ltd

14.1.9.1.     Company Details

14.1.9.2.     Key Product Offered

14.1.9.3.     Financials (As Per Availability)

14.1.9.4.     Recent Developments

14.1.9.5.     Key Management Personnel

14.1.10.  Cummins Inc

14.1.10.1.  Company Details

14.1.10.2.  Key Product Offered

14.1.10.3.  Financials (As Per Availability)

14.1.10.4.  Recent Developments

14.1.10.5.  Key Management Personnel

15.  Strategic Recommendations

15.1.             Key Focus Areas

15.1.1. Target By Regions

15.1.2. Target By Technology

15.1.3. Target By Component

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The Global Exhaust Heat Recovery System Market size reached USD 30.29 Billion 2023.

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Exhaust Gas Recirculation (EGR) is the fastest-growing segment in the Exhaust Heat Recovery System market due to its ability to reduce nitrogen oxide emissions and improve fuel efficiency. Increasing environmental regulations and demand for cleaner, more fuel-efficient vehicles have driven the adoption of EGR technology in both commercial and passenger vehicles.

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Europe and CIS dominated the Exhaust Heat Recovery System market due to stringent emissions regulations, high environmental awareness, and strong automotive manufacturing sectors. The region's commitment to reducing greenhouse gas emissions and improving fuel efficiency drives the adoption of advanced heat recovery technologies in vehicles.

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The Global Exhaust Heat Recovery System Market is propelled by several factors. Strict environmental regulations aimed at cutting emissions and boosting energy efficiency push industries to adopt these technologies. The growing focus on sustainability and advancements in waste heat recovery also drive market growth, as businesses look for ways to improve energy efficiency and meet global standards. The automotive industry's shift towards cleaner technologies and the quest for cost savings further increase the demand for exhaust heat recovery systems, making them essential in the development of energy-efficient solutions.

Related Reports

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Srishti Verma

Business Consultant
Press Release

Exhaust Heat Recovery System Market to Grow with a CAGR of 6.64% Through 2028

Dec, 2023

Stringent environmental regulations, particularly focused on reducing emissions and improving energy efficiency, compel industries to adopt exhaust heat recovery technologies are the factors driving

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