Global Automotive Regenerative Braking Market Analysis 2024 – Estimated Market Size And Key Drivers

Posted by Ramakrishna TBRC on January 8th, 2024

According to The Business Research Company’s Automotive Regenerative Braking , The automotive regenerative braking market size has grown rapidly in recent years. It will grow from .64 billion in 2023 to .64 billion in 2024 at a compound annual growth rate (CAGR) of 17.8%. The growth in the historic period can be attributed to environmental awareness, hybrid and electric vehicle adoption, government regulations on fuel efficiency, automotive industry competitiveness, increased popularity of regenerative braking in motorsports.
 
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The automotive regenerative braking market size is expected to see rapid growth in the next few years. It will grow to .1 billion in 2028 at a compound annual growth rate (CAGR) of 16.2%. The growth in the forecast period can be attributed to increased electric vehicle market, stricter emission standards, advancements in energy recovery systems, autonomous vehicle integration, consumer demand for sustainable technologies. Major trends in the forecast period include technological advancements in brake systems, integration of regenerative braking in conventional vehicles, development of lightweight materials for brake systems, continuous improvement in energy conversion efficiency, collaboration between automakers and technology suppliers
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The increase in sales of electric vehicles across the globe is contributing to the growth of the automotive regenerative braking market. A regenerative braking system is found in both electric vehicles and plug-in hybrid electric vehicles and recharges the battery during braking. This technology is used in electric vehicles to mitigate energy loss during braking. The increase in the acquisition of electric vehicles by customers across the globe is expected to increase the demand for new and innovative regenerative braking systems. For example, in July 2023, according to International Energy Agency (IEA), a France-based provider of policy recommendations, analysis and data on the entire global energy sector, over 2.3 million electric cars were sold in the first quarter of 2023, about 25% more than in the same period last year. Under the IEA Stated Policies Scenario (STEPS), the global outlook for the share of electric car sales based on existing policies and firm objectives has increased to 35% in 2030, up from less than 25% in the previous outlook. Therefore, an increase in sales of electric vehicles across the globe is expected to boost the automotive regenerative braking market during the forecast period.

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The automotive regenerative braking market covered in this report is segmented –
1) By Type: Electric Regenerative Braking System, Hydraulic Regenerative Braking System, Kinetic Regenerative Braking System
2) By Propulsion: Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV), Hybrid Electric Vehicle (HEV)
3) By Application: Two Wheelers, Passenger Cars, Commercial Vehicles, Other Applications

Technological advancement is a key trend gaining popularity in the automotive regenerative braking market. The company operating in the automotive regenerative braking systems market are developing innovative systems with greater energy recovery and increasing the driving range of electric vehicles. For instance, in January 2021, ZF Friedrichshafen AG, a Germany-based developer and supplier of systems for passenger vehicles and commercial vehicles, launched a new brake control system, which optimizes the recovery of energy during braking and increases the driving range of the vehicle.

The automotive regenerative braking market report table of contents includes:
1. Executive Summary
2. Automotive Regenerative Braking Market Characteristics
3. Automotive Regenerative Braking Market Trends And Strategies
4. Automotive Regenerative Braking Market - Macro Economic Scenario
5. Global Automotive Regenerative Braking Market Size and Growth
....
31. Global Automotive Regenerative Braking Market Competitive Benchmarking
32. Global Automotive Regenerative Braking Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Automotive Regenerative Braking Market
34. Automotive Regenerative Braking Market Future Outlook and Potential Analysis
35. Appendix

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Ramakrishna TBRC

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Ramakrishna TBRC
Joined: December 17th, 2019
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