The global automotive regenerative braking market is anticipated to grow at a considerable CAGR of 16.1% during the forecast period. One of the crucial factors fueling the market growth includes the rapidly growing urbanization across the globe. As per the data published by the Word Bank, in 2020, global urbanization reached 56.2% in 2020, which was 53.9% in 2015. Moreover, the World Bank has estimated that by 2045, the number of people living in cities will increase by 1.5 times to 6 billion, adding 2 billion more urban residents. Thus, increasing number of urban population has increased the traffic issues among the cities.
The automotive regenerative braking system uses unused kinetic energy to convert it into electric energy to charge the battery which would otherwise turn into heat. This has benefitted most of the electric vehicles, and hybrid vehicles in the urban areas. Such benefits also makes electric vehicles a better option as compared to internal combustion engine (ICE) vehicles which drop their mileage in urban areas owing to the high traffic. For instance, in December 2021, Indian Road Transport and Highways Minister, Nitin Gadkari, informed that out of a total of 870,141 EV registrations, Delhi, the Indian capital and one of the most populous cities in the world, had registered 125,347 EVs which is more than 14% of the total registered EVs in India. Additionally, government of various developed and developing nations as significantly increased investment in electric vehicles projects catering to eradicate and minimize risk associated with the traffic. For instance, in June 2021, the Canadian Government announced an investment of about $2.4 million to install EV fast chargers in the country. Meanwhile, the adoption of EVs equipped with regenerative braking system to utilize the kinetic energy into electrical energy in public transport vehicles is expected to drive the regenerative braking system market.
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Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
Segment Covered-
- By System
- By Vehicle Type
- By Propulsion Type
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- including AISIN Corp., Continental AG, DENSO Corp., Robert Bosch GmbH, ZF Friedrichshafen AG, and others.
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Automotive Regenerative Braking Market Report Segment
By System
- Electric
- Hydraulics
- Kinetic
By Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
- By Propulsion Type
- Battery Electric Vehicles (BEV)
- Hybrid Electric Vehicles (HEV)
- Plug-In Hybrid Electric Vehicles (PHEV)
Automotive Regenerative Braking Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- ADVICS CO., LTD.
- Delphi Automotive DENSO Corp.
- Eaton Corp. Plc
- Hyundai Mobis Co., Ltd.
- Magna International Inc.
- Maxwell Technologies
- Mazda Motor Corp.
- Punch Powertrain NV
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