Automotive Energy Recovery Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031

Description

The global automotive energy recovery systems market is set to grow from USD 20.67 billion in 2024 to USD 32.95 billion by the end of 2031, achieving a robust CAGR of 6.9%. These systems, designed to capture and reuse energy typically wasted during vehicle operation, are becoming a critical component of energy-efficient and environmentally friendly transportation solutions.

Automotive energy recovery systems (ERS) encompass innovative technologies like regenerative braking systems, turbochargers, and exhaust gas recirculation. These systems enhance energy efficiency, reduce fuel consumption, and lower emissions, aligning with the automotive industry's focus on sustainability. Rising adoption in electric and hybrid vehicles and advancements in energy recovery methods are key contributors to market growth.

The market is driven by stringent government regulations promoting eco-friendly technologies and consumer demand for energy-efficient vehicles. The integration of ERS into modern automotive designs not only improves vehicle performance but also meets global sustainability goals.

Market Growth Drivers

1. Advancements in Energy Storage Technologies:

Continuous improvements in battery and supercapacitor technologies enhance the efficiency of ERS.
Advanced energy storage solutions enable effective energy recuperation during braking and acceleration, extending the range of electric and hybrid vehicles.

2. Stringent Environmental Regulations:

Global efforts to reduce carbon emissions are driving automakers to integrate ERS into their vehicles.
Compliance with environmental policies fosters the adoption of energy-efficient technologies.

3. Growing Consumer Demand for Eco-Friendly Transportation:

Increasing awareness about climate change has led to a surge in demand for sustainable automotive solutions.
ERS addresses this need by minimizing energy waste and improving fuel efficiency.

Market Restraints

1. Supply Chain Disruptions:

Global supply chain complexities can lead to shortages of critical components like batteries and electronic parts, affecting ERS production.
Industry stakeholders must develop robust contingency plans and diversified sourcing strategies to mitigate risks.

2. Integration Complexity and Standardization Challenges:

The lack of uniformity in ERS technologies and specifications creates challenges for seamless integration into diverse vehicle architectures.
Standardization initiatives are essential to ensure compatibility and widespread adoption across vehicle models.

Business Opportunities

1. ERS in Autonomous Vehicles:

Autonomous vehicles equipped with advanced driver assistance systems (ADAS) and full autonomy provide ample opportunities for energy recovery during braking and acceleration.
Integrating ERS into autonomous vehicle designs optimizes energy usage and aligns with sustainability goals.

2. Cross-Industry Collaborations:

Partnerships with energy storage companies, smart grid initiatives, and renewable energy providers unlock new applications for ERS.
Innovations like vehicle-to-grid (V2G) systems enable bidirectional energy flow, creating additional revenue streams.

Regional Analysis

Europe:

Europe dominates the market, driven by stringent environmental regulations, a strong commitment to sustainability, and the presence of leading automakers in France, Italy, and Germany.
The region's robust infrastructure for electric vehicles and government incentives further stimulate market growth.

Asia Pacific:

South Asia and Oceania are emerging as the fastest-growing regions, fueled by dynamic electrification drives and a thriving automotive manufacturing landscape.
Government initiatives promoting cleaner transportation in China and India are driving the adoption of ERS in both electric and hybrid vehicles.

North America:

A mature automotive sector, combined with strong regulatory frameworks, supports steady market growth.
Increasing adoption of electric vehicles and advancements in energy recovery technologies contribute to the market's expansion.

Competitive Analysis

Prominent players driving innovation and competition in the automotive energy recovery systems market include:

BorgWarner Inc
Robert Bosch GmbH
Hyundai Motors Group
Mitsubishi Electric Corporation
Cummins Inc
Tenneco Inc.
Honeywell International Inc.

These companies focus on product innovation, cost optimization, and strategic collaborations to strengthen their market presence.

Automotive Energy Recovery Systems Market Segmentation

Segmentation

By Subsystem:

Regenerative Braking System
Turbocharger
Exhaust Gas Recirculation

By Vehicle Type:

Passenger Cars
Commercial Vehicles
Electric Vehicles

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

1. Executive Summary

1.1. Global Automotive Energy Recovery Systems Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value and Volume, 2024
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. PESTLE Analysis

3. Price Analysis, 2019 - 2023

3.1. Global Average Price Analysis, by Subsystem, US$ Per Unit, 2019 - 2023
3.2. Prominent Factor Affecting Automotive Energy Recovery Systems Prices
3.3. Global Average Price Analysis, by Region, US$ Per Unit

4. Global Automotive Energy Recovery Systems Market Outlook, 2019 - 2031

4.1. Global Automotive Energy Recovery Systems Market Outlook, by Subsystem, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 4.1.1. Key Highlights
  - 4.1.1.1. Regenerative Braking System
  - 4.1.1.2. Turbocharger
  - 4.1.1.3. Exhaust Gas Recirculation
4.2. Global Automotive Energy Recovery Systems Market Outlook, by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Passenger Cars
  - 4.2.1.2. Commercial Vehicles
  - 4.2.1.3. Electric Vehicles
4.3. Global Automotive Energy Recovery Systems Market Outlook, by Region, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 4.3.1. Key Highlights
  - 4.3.1.1. North America
  - 4.3.1.2. Europe
  - 4.3.1.3. Asia Pacific
  - 4.3.1.4. Latin America
  - 4.3.1.5. Middle East & Africa

5. North America Automotive Energy Recovery Systems Market Outlook, 2019 - 2031

5.1. North America Automotive Energy Recovery Systems Market Outlook, by Subsystem, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Regenerative Braking System
  - 5.1.1.2. Turbocharger
  - 5.1.1.3. Exhaust Gas Recirculation
5.2. North America Automotive Energy Recovery Systems Market Outlook, by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Passenger Cars
  - 5.2.1.2. Commercial Vehicles
  - 5.2.1.3. Electric Vehicles
- 5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. North America Automotive Energy Recovery Systems Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. U.S. Automotive Energy Recovery Systems Market by Subsystem, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 5.3.1.2. U.S. Automotive Energy Recovery Systems Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 5.3.1.3. Canada Automotive Energy Recovery Systems Market by Subsystem, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 5.3.1.4. Canada Automotive Energy Recovery Systems Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Europe Automotive Energy Recovery Systems Market Outlook, 2019 - 2031

6.1. Europe Automotive Energy Recovery Systems Market Outlook, by Subsystem, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Regenerative Braking System
  - 6.1.1.2. Turbocharger
  - 6.1.1.3. Exhaust Gas Recirculation
6.2. Europe Automotive Energy Recovery Systems Market Outlook, by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Passenger Cars
  - 6.2.1.2. Commercial Vehicles
  - 6.2.1.3. Electric Vehicles
- 6.2.2. Attractiveness Analysis
6.3. Europe Automotive Energy Recovery Systems Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. Germany Automotive Energy Recovery Systems Market by Subsystem, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.3.1.2. Germany Automotive Energy Recovery Systems Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.3.1.3. U.K. Automotive Energy Recovery Systems Market by Subsystem, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.3.1.4. U.K. Automotive Energy Recovery Systems Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.3.1.5. France Automotive Energy Recovery Systems Market by Subsystem, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.3.1.6. France Automotive Energy Recovery Systems Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.3.1.7. Italy Automotive Energy Recovery Systems Market by Subsystem, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.3.1.8. Italy Automotive Energy Recovery Systems Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.3.1.9. Turkey Automotive Energy Recovery Systems Market by Subsystem, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.3.1.10. Turkey Automotive Energy Recovery Systems Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.3.1.11. Russia Automotive Energy Recovery Systems Market by Subsystem, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.3.1.12. Russia Automotive Energy Recovery Systems Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.3.1.13. Rest of Europe Automotive Energy Recovery Systems Market by Subsystem, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.3.1.14. Rest of Europe Automotive Energy Recovery Systems Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Asia Pacific Automotive Energy Recovery Systems Market Outlook, 2019 - 2031

7.1. Asia Pacific Automotive Energy Recovery Systems Market Outlook, by Subsystem, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Regenerative Braking System
  - 7.1.1.2. Turbocharger
  - 7.1.1.3. Exhaust Gas Recirculation
7.2. Asia Pacific Automotive Energy Recovery Systems Market Outlook, by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Passenger Cars
  - 7.2.1.2. Commercial Vehicles
  - 7.2.1.3. Electric Vehicles
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Asia Pacific Automotive Energy Recovery Systems Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. China Automotive Energy Recovery Systems Market by Subsystem, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.2. China Automotive Energy Recovery Systems Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.3. Japan Automotive Energy Recovery Systems Market by Subsystem, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.4. Japan Automotive Energy Recovery Systems Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.5. South Korea Automotive Energy Recovery Systems Market by Subsystem, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.6. South Korea Automotive Energy Recovery Systems Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.7. India Automotive Energy Recovery Systems Market by Subsystem, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.8. India Automotive Energy Recovery Systems Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.9. Southeast Asia Automotive Energy Recovery Systems Market by Subsystem, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.10. Southeast Asia Automotive Energy Recovery Systems Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.11. Rest of Asia Pacific Automotive Energy Recovery Systems Market by Subsystem, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.12. Rest of Asia Pacific Automotive Energy Recovery Systems Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Latin America Automotive Energy Recovery Systems Market Outlook, 2019 - 2031

8.1. Latin America Automotive Energy Recovery Systems Market Outlook, by Subsystem, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Regenerative Braking System
  - 8.1.1.2. Turbocharger
  - 8.1.1.3. Exhaust Gas Recirculation
8.2. Latin America Automotive Energy Recovery Systems Market Outlook, by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Passenger Cars
  - 8.2.1.2. Commercial Vehicles
  - 8.2.1.3. Electric Vehicles
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Latin America Automotive Energy Recovery Systems Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. Brazil Automotive Energy Recovery Systems Market by Subsystem, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.3.1.2. Brazil Automotive Energy Recovery Systems Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.3.1.3. Mexico Automotive Energy Recovery Systems Market by Subsystem, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.3.1.4. Mexico Automotive Energy Recovery Systems Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.3.1.5. Argentina Automotive Energy Recovery Systems Market by Subsystem, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.3.1.6. Argentina Automotive Energy Recovery Systems Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.3.1.7. Rest of Latin America Automotive Energy Recovery Systems Market by Subsystem, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.3.1.8. Rest of Latin America Automotive Energy Recovery Systems Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Middle East & Africa Automotive Energy Recovery Systems Market Outlook, 2019 - 2031

9.1. Middle East & Africa Automotive Energy Recovery Systems Market Outlook, by Subsystem, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 9.1.1. Key Highlights
  - 9.1.1.1. Regenerative Braking System
  - 9.1.1.2. Turbocharger
  - 9.1.1.3. Exhaust Gas Recirculation
9.2. Middle East & Africa Automotive Energy Recovery Systems Market Outlook, by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 9.2.1. Key Highlights
  - 9.2.1.1. Passenger Cars
  - 9.2.1.2. Commercial Vehicles
  - 9.2.1.3. Electric Vehicles
- 9.2.2. BPS Analysis/Market Attractiveness Analysis
9.3. Middle East & Africa Automotive Energy Recovery Systems Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 9.3.1. Key Highlights
  - 9.3.1.1. GCC Automotive Energy Recovery Systems Market by Subsystem, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 9.3.1.2. GCC Automotive Energy Recovery Systems Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 9.3.1.3. South Africa Automotive Energy Recovery Systems Market by Subsystem, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 9.3.1.4. South Africa Automotive Energy Recovery Systems Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 9.3.1.5. Egypt Automotive Energy Recovery Systems Market by Subsystem, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 9.3.1.6. Egypt Automotive Energy Recovery Systems Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 9.3.1.7. Nigeria Automotive Energy Recovery Systems Market by Subsystem, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 9.3.1.8. Nigeria Automotive Energy Recovery Systems Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 9.3.1.9. Rest of Middle East & Africa Automotive Energy Recovery Systems Market by Subsystem, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 9.3.1.10. Rest of Middle East & Africa Automotive Energy Recovery Systems Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 9.3.2. BPS Analysis/Market Attractiveness Analysis

10. Competitive Landscape

10.1. Company Market Share Analysis, 2024
10.2. Competitive Dashboard
10.3. Company Profiles
- 10.3.1. BorgWarner Inc
  - 10.3.1.1. Company Overview
  - 10.3.1.2. Product Portfolio
  - 10.3.1.3. Financial Overview
  - 10.3.1.4. Business Strategies and Development
- 10.3.2. Robert Bosch GmbH
  - 10.3.2.1. Company Overview
  - 10.3.2.2. Product Portfolio
  - 10.3.2.3. Financial Overview
  - 10.3.2.4. Business Strategies and Development
- 10.3.3. Hyundai Motors Group
  - 10.3.3.1. Company Overview
  - 10.3.3.2. Product Portfolio
  - 10.3.3.3. Financial Overview
  - 10.3.3.4. Business Strategies and Development
- 10.3.4. Mitsubishi Electric Corporation
  - 10.3.4.1. Company Overview
  - 10.3.4.2. Product Portfolio
  - 10.3.4.3. Financial Overview
  - 10.3.4.4. Business Strategies and Development
- 10.3.5. Cummins Inc
  - 10.3.5.1. Company Overview
  - 10.3.5.2. Product Portfolio
  - 10.3.5.3. Financial Overview
  - 10.3.5.4. Business Strategies and Development
- 10.3.6. Others
  - 10.3.6.1. Company Overview
  - 10.3.6.2. Product Portfolio
  - 10.3.6.3. Financial Overview
  - 10.3.6.4. Business Strategies and Development

11. Appendix

11.1. Research Methodology
11.2. Report Assumptions
11.3. Acronyms and Abbreviations

List of Region/Countries

North America U.S. Canada
Europe Germany U.K. France Italy Turkey Russia Rest of Europe
Asia Pacific China Japan South Korea India Southeast Asia Rest of Asia Pacific
Latin America Brazil Mexico Rest of Latin America
Middle East & Africa GCC South Africa Rest of Middle East & Africa