Home > Automotive > Automotive Parts > Tires and Wheels > Automotive Regenerative Braking Market
Automotive Regenerative Braking Market Size
- Report ID: GMI4643
- Published Date: Aug 2021
- Report Format: PDF
Automotive Regenerative Braking Market Size
Automotive Regenerative Braking Market size surpassed USD 4.5 billion in 2020 and is projected to grow at over 22.4% CAGR from 2021 to 2027. Developments in the regenerative braking system and increasing adoption of electric & hybrids vehicles will provide an opportunistic growth scenario.
Industry players are continuously investing in R&D to develop better regenerative braking systems and different methods, such as electromagnetic & flywheel to increase the efficiency of energy conversion and storage methods. For instance, in April 2020, the newly launched MK C1 brake system by Continental lowers the carbon dioxide emissions of electric and hybrid cars by nearly five grams per kilometer on average compared to a conventional hydraulic hybrid brake system.
Government regulations and environmental concerns due to vehicle emissions have led to a shift from traditional to hybrid electric vehicles and plug-in hybrid electric vehicles for a sustainable energy source as a part of the green energy initiative.
| Report Attribute | Details |
|---|---|
| Base Year: | 2020 |
| Automotive Regenerative Braking Market Size in 2020: | USD 4,730.9 Million |
| Forecast Period: | 2021 to 2027 |
| Forecast Period 2021 to 2027 CAGR: | 22.4% |
| 2027 Value Projection: | USD 18,513.7 Million |
| Historical Data for: | 2017 to 2020 |
| No. of Pages: | 240 |
| Tables, Charts & Figures: | 194 |
| Segments covered: | Type, Propulsion, Vehicle |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
Automotive Regenerative Braking Market Scope
