Passenger Car Regenerative Brake System Market to Grow with a CAGR of 7.09% Globally through to 2028.
Electrification of the
Industry, Fuel Efficiency and Cost Savings, Technological Advancements are
factors driving the Global Passenger Car Regenerative Brake System market in
the forecast period 2024-2028.
According to
TechSci Research report, “Global Passenger Car Regenerative Brake System Market
- Industry Size, Share, Trends, Competition Forecast & Opportunities,
2028”, the Global Passenger Car Regenerative Brake System Market stood at
USD 4.2 billion in 2022 and is anticipated to grow with a CAGR of 7.09% in the
forecast period, 2024-2028. A
kinetic energy recovery technology called regenerative brake is used mostly on
pure electric and hybrid vehicles to recover the energy lost during brake 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 utilizing this type of brake system; the
amount of energy recovered varies on the vehicle's speed and brake style.
Currently, energy recovery systems are utilized in both passenger and
commercial cars to increase fuel efficiency and lower vehicle emissions. As a
result, the demand for such a brake system has increased in the worldwide car
industry, leading to higher fuel efficiency. The demand from the industry is
currently driving up global sales of automobiles, particularly electric
vehicles, and their components, which is leading to an increase in pollutant
emissions. Additionally, the government is pressuring automakers to use
cutting-edge technologies that can lower fuel consumption and exhaust gas
emissions. This may encourage the expansion of the global market for
regenerative brake systems.
Browse over
market data Figures spread through 180 Pages and an in-depth TOC on
"Global Passenger Car Regenerative Brake System Market.”
The Global
Passenger Car Regenerative Brake System Market is currently experiencing a
transformative shift, driven by a confluence of factors reshaping the industry.
This dynamic market is characterized by the integration of advanced
technologies aimed at enhancing energy efficiency, reducing emissions, and
meeting stringent environmental regulations.
The market's
growth is primarily propelled by stringent environmental regulations and a
global commitment to sustainability. Governments and international organizations
are imposing increasingly strict emissions standards, pushing automakers to
develop eco-friendly solutions. Regenerative brake systems have emerged as a
pivotal technology to achieve compliance with these regulations. These systems
recover kinetic energy during brake, thereby reducing reliance on traditional
friction-based brake, which generates heat and energy wastage. Another
significant driver is the electrification of the industry. As electric and
hybrid vehicles become more prevalent, regenerative brake systems play a
central role in optimizing energy usage. These systems capture kinetic energy
during deceleration and brake, converting it into electrical energy to recharge
the vehicle's battery. As consumers increasingly embrace electric and hybrid
cars, the demand for efficient regenerative brake systems soars.
Furthermore,
cost savings and improved fuel efficiency are strong incentives for both
consumers and fleet operators. Regenerative brake reduces fuel consumption by
recovering and reusing energy during brake, ultimately leading to reduced
operating costs over a vehicle's lifespan. With fluctuating fuel prices and a
growing focus on cost-consciousness, the potential for long-term savings
offered by regenerative brake systems is a compelling driver for their
adoption. Technological advancements are another significant driver of growth.
Ongoing research and development efforts have led to the evolution of
regenerative brake systems, making them more efficient and reliable.
Innovations in component design, materials, and control algorithms have
resulted in more compact and lightweight components, thereby enhancing energy
recovery and improving overall system performance. The integration of
regenerative brake with advanced driver assistance systems (ADAS) and
autonomous driving technologies further amplifies their value proposition.
The
electrification of the industry is expected to accelerate, with more electric
and hybrid vehicles entering the market. As this trend continues, the demand
for regenerative brake systems will remain strong, especially in electric
vehicles where energy recuperation is critical for range extension. Consumer
awareness and education efforts are likely to expand, helping consumers
understand the benefits of regenerative brake systems. Marketing campaigns that
emphasize long-term cost savings and environmental advantages will resonate
with eco-conscious consumers. Infrastructure development, including the
expansion of charging networks, will play a vital role in the widespread
adoption of regenerative brake systems. Governments and private sector
stakeholders are expected to invest in infrastructure to support the growing
demand for electric and hybrid vehicles. While regulatory challenges persist,
harmonization of emissions standards and incentives for eco-friendly vehicles
may become more streamlined, simplifying compliance for automakers and
encouraging consumer adoption.
Major companies
operating in Global Passenger Car Regenerative Brake System Market are:
- Robert Bosch GmbH
- Denso Corporation
- Continental AG
- ZF Friedrichshafen AG
- BorgWarner Inc.
- Hyundai Mobis
- Eaton
- Brembo S.P.A
- Skeleton Technologies GmbH
- Advices Co. Ltd.
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“The
Global Passenger Car Regenerative Brake System Market is experiencing a
significant paradigm shift driven by environmental concerns, technological
advancements, and consumer demand for fuel-efficient and eco-friendly vehicles.
Regenerative brake systems have emerged as a crucial solution to reduce
emissions and improve energy efficiency in both conventional and electric
vehicles. Governments worldwide are imposing stringent emissions regulations,
compelling automakers to adopt these systems to meet compliance standards. The
electrification of the industry further underscores the importance of
regenerative brake, as it plays a pivotal role in extending the driving range
of electric and hybrid vehicles. With ongoing innovations in technology,
consumer education, and infrastructure development, the market is poised for
continued growth, fostering a more sustainable and eco-conscious future of
passenger car transportation.,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based management consulting firm.
“Passenger Car Regenerative Brake System
Market – Global Industry Size, Share, Trends, Opportunity, and Forecast,
Segmented By System Type (Electric, Hydraulics, Kinetic), By Propulsion Type
(BEV, HEV, PHEV), By Region, By Competition, 2018-2028”, has
evaluated the future growth potential of Global Passenger Car Regenerative Brake
System Market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Passenger Car Regenerative
Brake System Market.
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