The automotive regenerative braking market is expected to garner noteworthy gains on account of growing inclination towards efficient and sustainable electric vehicles. Regenerative braking system is integrated in electric vehicles as it offer additional power by recovering energy generated from brake friction and later transferring it to the motor.
Rapid developments in the utility sector across both developing and developed countries could strengthen the adoption of electric vehicles, favoring automotive regenerative braking industry landscape. While robust technological advancements that complement component efficiency could boost product adoption across diverse EV segments.
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The demand for electric vehicles have has grown significantly over past few years as more people opt for greener mobility solutions over conventional fossil-fueled alternatives. With regenerative brakes, these vehicles attain increased range and efficiency. Integration of regenerative braking systems in hybrid vehicles may also improve the product’s business outlook.
Analyzing these aspects, Global Market Insights, Inc., estimates that the automotive regenerative braking market may cross USD 6 billion by the year 2026.
How are motorcycle manufacturers benefiting from regenerative braking systems?
The two-wheelers segment is projected to register nearly 13% CAGR to the global automotive regenerative braking market over the predicted timeframe. Electric bikes are lightweight compared to traditional IC-engine two-wheelers and have superior maneuverability skills in congested regions.
Companies developing regenerative braking systems are constantly working on expanding their product lineup to attract more customers. Electric two-wheelers require comparatively less investment for charging facilities than commercial and passenger vehicles.
Why is Latin America considered to be a promising market for automotive regenerative braking companies?
Latin America is a lucrative market for the automotive regenerative braking companies as the region witnesses a steady rise in electric vehicle sales. Authorities in the region are laying stern environmental policies to curb GHG emissions. Such regulations could play a vital role in stimulating the demand for new electric vehicles, thereby bolstering the deployment of automotive regenerative braking systems.
How is BEV propulsion augmenting automotive regenerative braking industry size?
Surging federal initiatives to promote the use of renewable energy in order to curb increasing carbon emission may drive the acceptance of BEV propulsion system. In 2020, the segment held more than 50% of the overall automotive regenerative braking market share. Initiatives to boost the adoption of EVs will support overall segment growth. In 2018, the U.S. decided to accelerate state electrification goals for backing nearly 5 million Zero Emission vehicles under B-48-18 order by 2030.
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Which regenerative braking system is projected to gather massive demand?
Automotive regenerative brakes are bifurcated into hydraulic regenerative braking system, electric regenerative braking system, and kinetic regenerative braking system. Electric regenerative braking system is one of the most common types of systems used to generate power through motor while brakes are sudden hit.
While kinetic regenerative braking system or flywheel systems use kinetic energy to spin flywheel, which in turn accelerates the vehicle. Hydraulic regenerative braking systems use pressurized tanks to store kinetic energy. It has a high energy recovery rate, making it ideal for heavy vehicles like mining trucks.
Table of Contents (ToC) of the report:
Chapter 1 Methodology & Scope
1.1 Market definitions
1.2 Base estimation & working
1.2.1 North America
1.2.3 Asia Pacific
1.2.4 Latin America
1.3 Forecast calculation
1.3.1 COVID-19 impact calculations on industry forecast
1.4 Data sources
Chapter 2 Executive Summary
2.1 Automotive automotive regenerative braking market industry 3600 synopsis, 2016 - 2026
2.1.1 Business trends
2.1.2 Vehicle trends
2.1.3 Propulsion trends
2.1.4 Type trends
2.1.5 Regional trends
Chapter 3 Automotive Regenerative Braking Market Industry Insights
3.1 Industry segmentation
3.2 Industry size & forecast, 2016- 2026
3.2.1 COVID-19 impact on industry landscape
3.3 Industry ecosystem analysis
3.3.1 Component manufacturers
3.3.2 Profit margin analysis
3.3.3 Distribution channel analysis
3.3.4 COVID-19 impact on industry value chain
3.3.5 Vendor matrix
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