Study Period | 2019-2032 |
Base Year | 2023 |
Forcast Year | 2023-2032 |
CAGR | 6.55 |
Automotive Exhaust Heat Recovery System Market Analysis Report 2023-2032
The Automotive Exhaust Heat Recovery System Market is poised to experience a Compound Annual Growth Rate (CAGR) of 6.89% between 2022 and 2032. Over this period, the market size is expected to witness a substantial increase of USD 1,783.45 million. The growth of this market is driven by several factors, including increased environmental awareness, stringent emissions regulations, and the need to improve fuel efficiency in vehicles. The market comprises systems designed to recover and utilize waste heat from automotive exhaust systems, reducing energy waste and lowering emissions.
Automotive Exhaust Heat Recovery System Market Overview
Drivers:
One of the primary drivers behind the expansion of the Automotive Exhaust Heat Recovery System Market is the growing global concern for environmental sustainability. As the automotive industry recognizes the adverse effects of emissions and the need to reduce carbon footprints, there's a rising demand for technologies that can improve the environmental performance of vehicles. This includes heat recovery systems that capture waste heat from exhaust gases.
Stringent emissions regulations set by governments worldwide are significantly driving market growth. These regulations require automakers to reduce carbon emissions and improve fuel efficiency in their vehicles. To meet these requirements, many automotive manufacturers are integrating exhaust heat recovery systems into their designs.
Trends:
An important trend shaping the Automotive Exhaust Heat Recovery System Market is the adoption of innovative technologies for more efficient heat recovery. These technologies enhance the efficiency of heat recovery from automotive exhaust, ensuring that the recovered energy can be utilized effectively in the vehicle's systems, such as heating or electricity generation.
Additionally, the concept of electrification in the automotive industry is influencing market dynamics. As electric vehicles become more prevalent, the focus shifts to waste heat recovery for various applications, including cabin heating and battery temperature management.
Restraints:
One challenge in the Automotive Exhaust Heat Recovery System Market is the cost associated with implementing these systems. While the long-term benefits include improved fuel efficiency and reduced emissions, the initial investment in research, development, and system integration can be a restraint for some automakers.
Moreover, the complexity of integrating heat recovery systems into existing vehicle designs can be a hurdle. Automakers must find efficient and unobtrusive ways to recover exhaust heat without compromising the vehicle's performance or design.
Automotive Exhaust Heat Recovery System Market Segmentation By Application
The automotive sector itself is expected to be a prominent growth segment within the Automotive Exhaust Heat Recovery System Market. Vehicle manufacturers are increasingly looking for ways to improve fuel efficiency and reduce emissions. Heat recovery systems offer an effective solution to achieve these goals, making them a key component in the automotive industry's sustainability efforts.
Commercial vehicles, including trucks and buses, also constitute a significant application segment. These vehicles generate substantial waste heat, and capturing and reusing this heat can lead to significant fuel savings and emission reductions.
Automotive Exhaust Heat Recovery System Market Segmentation By System Type
The exhaust gas recirculation (EGR) systems segment is projected to experience significant growth during the forecast period. EGR systems recirculate a portion of exhaust gas back into the engine, which not only reduces emissions but also harnesses waste heat for various applications within the vehicle.
Another crucial system type within the Automotive Exhaust Heat Recovery System Market is the thermoelectric generator (TEG) systems. These systems utilize the Seebeck effect to convert temperature differences into electricity, providing a way to recover and utilize exhaust heat efficiently.
Regional Overview:
Download the report summary now!
Request pdf Sample
North America is anticipated to be a key driver of the global Automotive Exhaust Heat Recovery System Market. With stringent emissions regulations in place, the region is witnessing significant adoption of exhaust heat recovery systems in vehicles to meet these standards and improve fuel efficiency.
Europe also plays a pivotal role, as the European Union has some of the strictest emissions regulations globally. European automakers are actively incorporating heat recovery systems to reduce emissions and enhance fuel efficiency.
Asia-Pacific (APAC) is a rapidly growing market for automotive exhaust heat recovery systems. The expanding automotive industry in countries like China and India, coupled with increasing environmental awareness, is driving the demand for these systems in the region.
The market experienced a temporary slowdown during the COVID-19 pandemic as immediate health and economic challenges took precedence. However, as sustainability practices regain prominence in the post-pandemic era, the market is poised to witness renewed momentum. Automotive manufacturers and governments are expected to prioritize exhaust heat recovery to meet emissions goals and improve vehicle efficiency.
Automotive Exhaust Heat Recovery System Market Customer Landscape
The Automotive Exhaust Heat Recovery System Market report offers insights into the adoption patterns of the market, ranging from early adopters to laggards. The report examines adoption rates across different regions based on penetration levels. Moreover, the report delves into key criteria influencing purchase decisions and factors affecting price sensitivity. These insights assist companies in formulating effective strategies for market entry and growth.
Major Automotive Exhaust Heat Recovery System Market Companies:
Prominent players in the Automotive Exhaust Heat Recovery System Market are implementing diverse strategies to bolster their market presence. These strategies include strategic collaborations, mergers and acquisitions, new system offerings, geographic expansion, and technological innovations.
Sample list of major companies in the market:
Qualitative and quantitative analyses of these companies offer valuable insights into the competitive landscape. This analysis enables stakeholders to comprehend market dynamics and assess the strengths and weaknesses of key players. The categorization of companies based on their market focus and influence provides a comprehensive view of the competitive environment.
Segment Overview:
The Automotive Exhaust Heat Recovery System Market report provides revenue forecasts on a global, regional, and country level. The report also includes an analysis of emerging trends and growth opportunities spanning from 2019 to 2032.
TABLE OF CONTENTS: GLOBAL Automotive Exhaust Heat Recovery System MARKET
Chapter 1. MARKET SYNOPSIS
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. EXECUTIVE SUMMARY
2.1. Summary Snapshot, 2016 – 2027
Chapter 3. INDICATIVE METRICS
3.1. Macro Indicators
Chapter 4. Automotive Exhaust Heat Recovery System MARKET SEGMENTATION & IMPACT ANALYSIS
4.1. Automotive Exhaust Heat Recovery System Segmentation Analysis
4.2. Industrial Outlook
4.3. Price Trend Analysis
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.5.1. Power Of Suppliers
4.5.2. Power Of Buyers
4.5.3. Threat Of Substitutes
4.5.4. Threat Of New Entrants
4.5.5. Competitive Rivalry
Chapter 5. Automotive Exhaust Heat Recovery System MARKET BY technology landscape
SIGHTS & TRENDS
5.1. Segment 1 Dynamics & Market Share, 2019 & 2027
5.2 Exhaust Gas Recirculation (EGR)
5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
5.3 Turbocharger
5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
Chapter 6. Automotive Exhaust Heat Recovery System MARKET BY vehicle type INSIGHTS & TRENDS
6.1. Segment 2 Dynamics & Market Share, 2019 & 2027
6.2 Passenger Car
6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
6.3 Commercial Vehicle
6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
Chapter 7. Automotive Exhaust Heat Recovery System MARKET REGIONAL OUTLOOK
7.1. Automotive Exhaust Heat Recovery System Market Share By Region, 2019 & 2027
7.2. NORTH AMERICA
7.2.1. North America Automotive Exhaust Heat Recovery System Market Estimates And Forecast, 2016 – 2027 (USD Million)
7.2.2. North America Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.3. North America Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.4. North America Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.5. U.S.
7.2.5.1. U.S. Automotive Exhaust Heat Recovery System Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.5.2. U.S. Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.5.3. U.S. Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.5.4. U.S. Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.6. CANADA
7.2.6.1. Canada Automotive Exhaust Heat Recovery System Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.6.2. Canada Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.6.3. Canada Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.6.4. Canada Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3. EUROPE
7.3.1. Europe Automotive Exhaust Heat Recovery System Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.2. Europe Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.3. Europe Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.4. Europe Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.5. GERMANY
7.3.5.1. Germany Automotive Exhaust Heat Recovery System Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.5.2. Germany Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.5.3. Germany Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.5.4. Germany Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.6. FRANCE
7.3.6.1. France Automotive Exhaust Heat Recovery System Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.6.2. France Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.6.3. France Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.6.4. France Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.7. U.K.
7.3.7.1. U.K. Automotive Exhaust Heat Recovery System Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.7.2. U.K. Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.7.3. U.K. Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.7.4. U.K. Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4. ASIA-PACIFIC
7.4.1. Asia Pacific Automotive Exhaust Heat Recovery System Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.2. Asia Pacific Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.3. Asia Pacific Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.4. Asia Pacific Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.5. CHINA
7.4.5.1. China Automotive Exhaust Heat Recovery System Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.5.2. China Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.5.3. China Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.5.4. China Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.6. INDIA
7.4.6.1. India Automotive Exhaust Heat Recovery System Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.6.2. India Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.6.3. India Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.6.4. India Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.7. JAPAN
7.4.7.1. Japan Automotive Exhaust Heat Recovery System Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.7.2. Japan Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.7.3. Japan Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.7.4. Japan Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.8. AUSTRALIA
7.4.8.1. Australia Automotive Exhaust Heat Recovery System Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.8.2. Australia Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.8.3. Australia Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.8.4. Australia Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.5. MIDDLE EAST AND AFRICA (MEA)
7.5.1. Mea Automotive Exhaust Heat Recovery System Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.5.2. Mea Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.5.3. Mea Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.5.4. Mea Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.6. LATIN AMERICA
7.6.1. Latin America Automotive Exhaust Heat Recovery System Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.6.2. Latin America Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.6.3. Latin America Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.6.4. Latin America Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)
7.6.5. Latin America Automotive Exhaust Heat Recovery System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
Chapter 8. COMPETITIVE LANDSCAPE
8.1. Market Share By Manufacturers
8.2. Strategic Benchmarking
8.2.1. New Product Launches
8.2.2. Investment & Expansion
8.2.3. Acquisitions
8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures
8.3. Vendor Landscape
8.3.1. North American Suppliers
8.3.2. European Suppliers
8.3.3. Asia-Pacific Suppliers
8.3.4. Rest Of The World Suppliers
Chapter 9. COMPANY PROFILES
9.1 Delphi Technologies
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Insights
9.1.4. Strategic Initiatives
9.2 Continental AG
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Insights
9.2.4. Strategic Initiatives
9.3 Denso
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Insights
9.3.4. Strategic Initiatives
9.4 Rheinmetall Automotive
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Insights
9.4.4. Strategic Initiatives
9.5 Faurecia
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Insights
9.5.4. Strategic Initiatives
9.6 Company 6
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Insights
9.6.4. Strategic Initiatives
9.7 Company 7
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Insights
9.7.4. Strategic Initiatives
9.8 Company 8
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Insights
9.8.4. Strategic Initiatives
9.9 Company 9
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Insights
9.9.4. Strategic Initiatives
9.10 Company 10
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Insights
9.10.4. Strategic Initiatives
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
"Find new revenue generation opportunities"