Automotive Regenerative Braking Market Size By Type (Electric Regenerative Braking System, Hydraulic Regenerative Braking System, Kinetic Regenerative Braking System), By Propulsion (BEV, PHEV, HEV), By Vehicle (Two Wheelers, Passenger Cars, Commercial Vehicles). Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026

Published Date: Apr 2020  |  Report ID: GMI4643  |  Authors: Kiran Pulidindi, Sayan Mukherjee

Report Format: PDF   |   Pages: 240   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Automotive Regenerative Braking Market size surpassed USD 3.2 billion in 2019 and is poised to grow at a CAGR of over 13.6% between 2020 and 2026. Improvement in regenerative efficiency coupled with wide adoption in hybrids and electric vehicles will provide opportunistic growth scenario for the market.
 

Automotive Regenerative Braking Market

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Automotive regenerative braking system is an energy harnessing component in hybrids, plug-ins, and battery electric vehicles. The system utilizes the electric motor as a generator to convert the kinetic energy lost during deceleration and stores the energy in the vehicle’s battery regenerative technology. This is utilized since early introduction of hybrid vehicles and has experienced significant technological advancements. It is an integrated component of the electric and hybrid vehicles and driven by adoption of low emission and alternative fuel vehicles.
 

Implementation of ultracapacitors and composite material enhances the regenerative efficiency. Usage of ultracapacitors increases the transfer and recovery of recuperated energy. Further, replacement of steel flywheel with carbon composite flywheel has positively influenced the weight to power recovered ratio. Such advancements in the system will drive the automotive regenerative braking market demand.
 

Automotive Regenerative Braking Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 11,492,392 Units
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 13.6% 2026 Value Projection: 27,395,680 Units
Pages: 240 Tables, Charts & Figures: 194
Geographies covered (17): U.S., Canada, Germany, UK, France, Sweden, Norway, Netherlands, China, India, Japan, South Korea, Australia, Brazil, Mexico, Chile, South Africa
Segments covered: Type, Propulsion, Vehicle, and Region
Companies covered (10): ZF Friedrichshafen AG, Continental AG, Delphi Automotive, Denso, Punch Powertrain, Bosch Mobility Solutions, Eaton Corporation Plc, Aisin Seiki, Hyundai Mobis, Magna International
Growth Drivers:
  • Increasing financial incentive and spending for supporting infrastructure
  • Stringent emission regulations and initiatives to reduce carbon footprint
  • Presence of multiple automotive OEMs along with investments for technology
  • Increasing requirement for clean mobility & transportation solutions
  • High spending on prohibitive cost vehicles and government initiatives to decrease dependency on crude oil
Pitfalls & Challenges:
  • Lack of supporting infrastructure in developed and emerging nations

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Electric regenerative braking systems to drive the industry growth

North America Automotive Regenerative Braking Market By Type

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North America electric automotive regenerative braking systems will witness around 15.5% growth through 2026. The manufacturers are introducing electric vehicles in the region with ERBS. For instance, in March 2019, Tesla launched Model Y with electric regenerative braking system.
 

The system offers higher efficiency ratio and with advancement in ultracapacitor technology. The ultracapacitors have high absorbing and dispensing capabilities supporting rapid energy recovery and dispersion in the braking and coasting event. The motor itself acts as a generator seamlessly and the waste energy dissipated in shape of heat in standard friction based braking process is converted into electricity through capturing kinetic energy from deacceleration.
 

Kinetic energy storage or flywheel systems are also set to gain high traction owing to higher energy retention and its effectiveness in commercial vehicles. Flywheels will witness surge in adoption with significant weight reduction from previous iterations. Hydraulic automotive regenerative braking systems will also experience noticeable growth with installation in heavy field equipment and vehicles such as mining and long-haul trucks.
 

Battery electric vehicles to dominate the automotive regenerative braking industry

In 2019, the battery electric vehicles (BEV) held over 35% share in North America automotive regenerative braking market due to high adoption rate. Increasing implementation of systems to enhance the vehicle efficiency will induce significant growth potential in the industry landscape. Energy recovery plays significant role in extending battery range of vehicle by converting vehicle kinetic energy into electricity through motor generator.
 

Advancement in battery technology and integration of supercapacitors ensures rapid energy transfer in acceleration and deceleration process. Increasing government initiatives to curb environmental pollution is encouraging manufacturers to incorporate regenerative braking systems to make vehicles for fuel efficient and reduce fuel consumption. The hybrid vehicles utilize the systems as standard for energy recovery.
 

Rising demand for long haul electric commercial vehicles to escalate revenue generation

Growing demand for long haul commercial vehicles will boost the market growth in the coming years. Limited availability of charging facilities is increasing the installation of regenerative brakes for extended driving range.
 

Passenger vehicles in the market will also witness significant growth on account of implementation of regenerative system in vehicles to reduce carbon footprint. According to EPA, an average passenger car emits over 4.5 metric tons of carbon dioxide per year. The vehicle manufacturers install these systems in electric and hybrid vehicles to reduce the fuel consumption and enhance the driving range.
 

North America to bank upon supporting government initiatives

Automotive Regenerative Braking Market By Region

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North America market is predicted to observe substantial gains from 2020 to 2026 led by increasing government initiatives to develop supporting infrastructure for EVs. In March 2020, Canada Government announced the installation of 837 EV fast chargers in the country to encourage the consumers for alternative energy vehicles. Moreover, initiatives such as tax rebates on electric vehicles will further drive the industry growth.
 

In 2019, Asia Pacific dominated over 75% automotive regenerative braking market share and is expected to continue its dominance during the forecast period due to presence of multiple electric vehicle manufacturers like SAIC, Honda, Toyota, Mitsubishi, and BAIC. The industry participants are inaugurating production facility in countries such as China and Japan to serve larger number of consumers.
 

Industry players focusing on technological advancement to gain market share

The market participants are developing innovative products to strengthen their industry foothold. For instance, in 2018, ZF introduced Integrated Brake Control (IBC) technology for vehicles to enhance the regenerative braking efficiency. The prominent industry players include ZF Friedrichshafen AG, Continental AG, Delphi Automotive, Denso, Punch Powertrain, Bosch mobility Solutions, and Eaton Corporation Plc.
 

The market research report on automotive regenerative braking includes in-depth coverage of the industry with estimates & forecast in terms of volume in units and revenue in USD million from 2016 to 2026, for the following segments:
 

Market by Type

  • Electric Regenerative Braking System (ERBS)
  • Hydraulic Regenerative Braking System (HRBS)
  • Kinetic Regenerative Braking System (KRBS)

Market by Propulsion

  • BEV
  • PHEV
  • HEV

Market by Vehicle

  • Two-wheeler
  • PCV
  • Commercial vehicles

Market by region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Sweden
    • Norway
    • Netherlands
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
  • LATAM
    • Brazil
    • Mexico
    • Chile
  • MEA
    • South Africa
       

Frequently Asked Questions (FAQ) :

The market size of automotive regenerative braking was surpassed USD 3.2 billion in 2019.
The industry share of automotive regenerative braking is poised to grow at a CAGR of over 13.6% between 2020 and 2026.
According to this research report by GMI, the North America electric automotive regenerative braking systems will witness around 15.5% growth through 2026.
In 2019, Asia Pacific dominated over 75% market share and is expected to continue its dominance during the forecast period, due to presence of multiple electric vehicle manufacturers like SAIC, Honda, Toyota, Mitsubishi, and BAIC.
The prominent industry players include ZF Friedrichshafen AG, Continental AG, Delphi Automotive, Denso, Punch Powertrain, Bosch mobility Solutions, and Eaton Corporation Plc.

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Premium Report Details

  • Published Date: Apr 2020
  • Pages: 240
  • Tables: 183
  • Charts / Figures: 11
  • Companies covered: 10
  • Countries covered: 17

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