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Regenerative Breaking Systems Market Outlook

The global regenerative braking systems market exceeded USD 5.5 billion in 2021, and from 2022 to 2032, it is expected to expand at a rate of approximately 22% CAGR. By the end of this forecast period in 2032, analysts anticipate the regenerative braking systems market size would be worth above US$ 40 Billion.

As part of the energy conservation movement, traditional automobiles have been replaced with plug-in hybrid electric vehicles and hydrogen fuel due to government laws and environmental issues over motor vehicle exhaust gases. So, regenerative braking systems market players are consistently spending money on research and development to create better regenerative braking BLDC motor and other techniques, such as the electromagnetic flywheel, to boost the effectiveness of energy storage and conversion technologies. For instance, starting in April 2020, Continental's newly introduced MK C1 regenerative braking motor reduces the CO2 emissions of hybrid and electric cars by an average of approximately five grams per kilometre when compared to a traditional hydraulic pneumatic brake system.

By the end of this projected period in the year 2032, the demand for battery electric vehicle propulsion is expected to exceed 75 million units which can be inferred to have a huge impact on the regenerative braking systems market growth through this period. On the supplier side, the potential for generative braking systems industrial growth is predicted to be considerably boosted by improving of the technology to improve vehicle economy and performance. By turning a vehicle's mechanical energy into electricity through regenerative braking motor generators, extending battery life and energy recovery of cars play a key role.

Attributes

Details

Regenerative Breaking Systems Market Size Value (2022)

US$ 5.5 Billion

Regenerative Breaking Systems Market Size Value (2032)

US$ 40 Billion

Regenerative Breaking Systems Market Growth Rate (2022-2032)

22%

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United States to be a Key Market

The market for automotive regenerative braking in the United States is anticipated to increase at a pace of more than 27% between 2022 and 2032 as a result of growing government inroads to build a greater market for unconventional electric cars and transport vehicles. The Canadian government also stated in June 2021 that it will spend roughly US$ 2.35 million to establish EV fast chargers across the nation indirectly supporting the United States regenerative braking system market in the long run. A stringent strategy for auto scrapping and tax breaks for electric vehicles would also help the sector flourish in the aftermarket regenerative braking system.

However, as per the regenerative braking systems market survey report, presently Asia Pacific region accounts for over 75% of global electric car sales, mostly due to the region's several electric vehicle producers, including Toyota, SAIC, BAIC, Mitsubishi, and Honda. So to meet the needs of a growing client base, regenerative braking system market participants are expanding their manufacturing facilities in nations like China, Japan, and India.

Regenerative braking is a technique that allows car batteries to recharge using the energy that is generated while pressing breaks or while slowing down of vehicle. On a typical vehicle, stopping just wastes energy; but, with regenerative braking, part of the energy can be recycled, which is why it is being highly preferred by automakers, in conventional vehicle these braking system charges the vehicle battery to operate various ancillary system to reduce extra load from engine which in turn enhances the vehicle efficiency.

This shifting dynamic of sector towards green mobility had a considerable impact on the market for regenerative braking system. In order to increase fuel efficiency and lower vehicle emissions, energy recovery systems are now being used in more and more passenger and commercial vehicles.

The market for regenerative braking systems has emerged as a result of the demand for higher fuel economy and is experiencing substantial expansion in the global automobile sector due to its application in energy conservation.

Historic Market Outlook for Global Regenerative Braking System Market

In the analysis of the market demand for Regenerative Braking System from 2017 to 2021, a historical growth rate of around 14.8% CAGR was discovered. Recent past innovation & sustainability is key trend observed in the sector across the globe, and increasing demand for energy and fuel efficient vehicles has fuelled the demand for regenerative braking systems during historic period.

Nowadays, regenerative braking systems is a crucial component of electric, plug-in hybrid, and hybrid automobiles, as it not only saves the energy losses while braking but also these systems uses that energy for propelling the vehicle or charging the main battery.

As per the current survey conducted by FMI, the forecast growth outlook for the Regenerative Braking System is to remain around 16.8% for the period of 2022 and 2032. Adoption rate for regenerative braking system is expected to boost in upcoming period, key supporting trend of such excessive demand is related to increasing popularity of sustainable & energy efficient system in sector.

Nikhil Kaitwade
Nikhil Kaitwade

Principal Consultant

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What are the Various Factors Driving the Regenerative Braking System Market?

Globally, the increasing sales of BEV vehicles is a key driving factors behind the sales of regenerating system. As the governments across the globe are increasing investments for infrastructure developments to support the growth of sustainable mobility solutions and providing high incentives and tax reductions for producing and developing electric vehicles and their components, which has enhanced the popularity of high energy efficient systems for sector owing to which the manufacturer of regenerative braking systems are experienced high demand growth for these systems.

According to analysis, transportation sector holds 30% share of global air pollution, road transportation holds around 3/4th share from the pollution generated from the transportation sector. In order to reduce such excessive amount of emission various governments across the globe are launching programmes & policies related to vehicle emissions, which has forced automakers to install regenerative braking systems to make their vehicle sustainable & energy efficient.

Which Factors May Hinder the Global Regenerative Braking System Market Growth?

Despite of various growth factors there are still some factors that are obstructing the market growth, lack on technical knowledge in growing economies is on the biggest factor that is negatively impacting the demand of regenerative braking systems, apart from that inefficiency of these systems in slow moving traffic and high pricing. These systems are very costly to install in vehicle due to which overall cost of the vehicle increases, however with increasing mass production of such system & continuous advancement in technologies the future outlook for the energy efficient braking system is expected to have high growth rate.

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What is Regional Analysis of Global Regenerative Braking System Market Share?

Six geographical regions make up the market: Europe, the Middle East, Africa, South Asia, East Asia, and Latin America. The U.S. and China are the two largest consumers of Regenerative Braking Systems in the world, together accounting for 34% of the market in 2021. The U.S. dominates the global market demand.

The North America region has high adoption rate for the electric vehicles owing to increasing infrastructure development & regulations supporting the growth of EV sales which makes it one of the fastest growing market for energy efficient systems, U.S holds more than 85% of the demand generated in North American region.

Category-wise Insights

Which Vehicle Type why demand is for regenerative braking system in Passenger vehicles?

By Vehicle Type, the Passenger car segment is expected to hold the highest market share, as post COVID period the demand & production for Passenger cars has boosted in global market with increasing penetration of electric vehicles in global sales, as rising sales of EV’s has fuelled the demand for its parts and systems, resulting in increasing demands for Regenerative braking system.

Market Competition

Top market players in the Global Regenerative Braking System Market include Robert Bosch GmbH, Continental AG, ZF Friedrichshafen, Eaton Corporation, Delphi , Agna International, Punch Powertrain, Denso Corp., Aisin Seiki, and Hyundai Mobis.

The global market for Regenerative Braking Systems is highly consolidated with leading players controlling the global market, Market players are continuously making R&D investments to implement cutting-edge technology into their products and offering customers superior products to have an upper hand over its peers. Other tactics are also employed, including partnerships, mergers, contracts, and strategic alliances.

A few key players control the majority of the market share in the fiercely competitive Global Market for Regenerative Braking Systems. In- Regenerative Braking System development is heavily funded by the vast majority of companies operating in the Regenerative Braking System Market, frequently in order to create new and enhanced technology. The primary methods adopted by the leading rivals in the Global Regenerative Braking System Market are product expansion and mergers and acquisitions.

Scope of the Report

Attribute

Details

Growth Rate

CAGR of 4.8% from 2022 to 2032

Base Year for Estimation

2022

Historical Data

2017-2021

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Million, Volume in Units and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends ,and Pricing Analysis

Segments Covered

  • Product Type
  • Application
  • Operation
  • Region

Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia Pacific
  • Middle East & Africa

Key Countries Covered

  • US
  • Canada
  • Brazil
  • Mexico
  • Rest of LATAM
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • BENELUX
  • Russia
  • Rest of Europe
  • China
  • Japan
  • South Korea
  • India
  • ASEAN
  • ANZ
  • Rest of SAP
  • GCC Countries
  • Turkey
  • Northern America
  • South Africa
  • Rest Of MEA

Key Companies Profiled

  • Illinois Tool Works Inc.
  • Frigoglass SAIC
  • Dover Corporation
  • Arneg S.p.A
  • Daikin Industries, Ltd.
  • Blue Star Limited
  • Panasonic Corporation
  • Standex International Corporation
  • Electrolux AB
  • GEA Group AG
  • Hoshizaki Corporation
  • Whirlpool Corporation
  • Innovative DisplayWorks
  • Structural Concepts Corporation
  • Zhongshan Aochi Refrigeration Equipment Co., Ltd
  • Fukushima Galilei Co. Ltd
  • Lotte Engineering & Machinery Mfg. Co.
  • Structural Concepts Corporation
  • Metalfrio Solutions SA
  • True Manufacturing Co., Inc.
  • Turbo Air Inc.
  • QBD Modular Systems Inc.
  • Fujimak Corporation
  • Precision Refrigeration Limited
  • Zero Zone, Inc.
  • Daeyeong E & B Co., Ltd.
  • Shanghai Zhaoxue Refrigeration Equipment Co., Ltd.

Customization & Pricing

Available upon Request

Key Segments Profiled in the Global Regenerative Braking System Market Report Global Regenerative Braking System Market

By System, Global Regenerative Braking System Market is segmented as:

  • Electric
  • Hydraulics
  • Others

By Propulsion Type, Global Regenerative Braking System Market is segmented as:

  • BEV
  • HEV
  • PHEV

By Vehicle Type, Global Regenerative Braking System Market is segmented as:

  • Passenger Vehicles
  • Commercial Vehicles

By Region, Global Regenerative Braking System Market is segmented as:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia Pacific
  • Middle East & Africa

Frequently Asked Questions

What was the value of the Global Automotive Regenerative Braking System Market in 2021?

In 2021, the value of the Global Automotive Regenerative Braking System Market reached over US$ 6,622.6 Mn.

At what rate is the Global Automotive Regenerative Braking System Market projected to expand during the forecast period?

During the forecast period, the Automotive Regenerative Braking System Markets estimated to expand at a CAGR of 16.8% during 2022-2032.

By 2032, what will the value of the Automotive Regenerative Braking System Market?

The Global Automotive Regenerative Braking System Market is projected to reach US$ 36,425.6 Mn by the end of 2032.

Which region/country is set to lead the Automotive Regenerative Braking System Market?

The U.S. is projected to lead the Global Automotive Regenerative Braking System Market in the forecast period.

Which are the top players in the Automotive Regenerative Braking System Market?

The key players operating in the Global Automotive Regenerative Braking System Market are Continental AG, Denso Corporation, ZF, and Robert Bosch GMBH.

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