Global Exhaust Heat Recovery System Market By Technology (Conventional Technology, Future Technology), Component (EGR Component, Turbocharger Component, Organic Rankine Cycle, Thermoelectric Generator), Vehicle Type (Passenger Car, Light Commercial Vehicle, Truck, Buses), Hybrid and Plug-In Hybrid Vehicle (Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle), Off Highway Vehicle (Agricultural Tractor, Construction Equipment) Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Exhaust Heat Recovery System Market
Global Exhaust Heat Recovery System Market is driven by rising concerns related to environment, which is projecting a rise in estimated value from USD 33.13 billion in 2018 to an estimated value of USD 74.07 billion by 2026, registering a CAGR of 10.58% in the forecast period of 2019-2026.
Market Definition: Global Exhaust Heat Recovery System Market
Exhaust heat recovery system can be defined as a technology which converts thermal losses or exhaust into energy within the pipe. This technology has major applicability in cars & motor vehicles which runs on fuel as it is fuel efficient & reduces the carbon di oxide emission in the air. It can produce both electric as well as mechanical energy from conventional and a hybrid car.
- Rise in strict rules & regulation for emission from the fuel vehicle across the globe for better & safe atmosphere.
- Rise in the demand for commercial vehicle which runs on diesel as its cost is much cheaper than of the petrol.
- There is trend shift or movement of choice by people towards fully electric car which restraint this market.
- Unawareness about such type of system which is being used for controlling the pollution across many countries.
Key Developments in the Market:
- In September 2018, MAHLE developed thermally insulating piston coatings which will minimize the emission & increase the efficiency. This will result in production of high quality of energy.
- In August 2018, BorgWarner will initiate the production of heat recovery system. This has been initially produced for automakers of North America enhance fuel efficiency.
Competitive Analysis: Global Exhaust Heat Recovery System Market
Global exhaust heat recovery system market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of exhaust heat recovery system market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors/Players: Global Exhaust Heat Recovery System Market
Few of the major competitors currently working in exhaust heat recovery system market are Robert Bosch GmbH, Continental AG, Aptiv, Hitachi Ltd., MAHLE GmbH, DENSO CORPORATION, BOSAL, Faurecia, Cummins Inc., Tenneco Inc, Borgwarner Inc., Autoliv Inc., and IHI Corporation.
Research Methodology: Global Exhaust Heat Recovery System Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
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