1. What is the projected Compound Annual Growth Rate (CAGR) of the North America Automotive Energy Recovery System Market?
The projected CAGR is approximately 6.5%.
North America Automotive Energy Recovery System MarketNorth America Automotive Energy Recovery System Market Report Probes the USD billion Size, Share, Growth Report and Future Analysis by 2033
North America Automotive Energy Recovery System Market by Subsystem (Turbocharger, Exhaust Gas Recirculation (EGR), by Propulsion (ICE, Electric), by Vehicle (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), by Forecast 2025-2033
Base Year: 2024
140 Pages
North America Automotive Energy Recovery System Market Report Probes the USD billion Size, Share, Growth Report and Future Analysis by 2033
North America Automotive Energy Recovery System Market Report Probes the USD billion Size, Share, Growth Report and Future Analysis by 2033
Key Insights
The North America Automotive Energy Recovery System Marketsize was valued at USD 17.12 USD billion in 2023 and is projected to reach USD 26.60 USD billion by 2032, exhibiting a CAGR of 6.5 % during the forecast period. An Automotive Energy Recovery System (ERS) harnesses and stores energy typically lost during braking or deceleration in vehicles. There are primarily two types: regenerative braking systems and turbochargers. Regenerative braking systems convert kinetic energy into electrical energy, storing it in batteries or capacitors for later use, thereby improving fuel efficiency and reducing emissions. Turbochargers utilize exhaust gas to drive a turbine, which compresses intake air, enhancing engine efficiency and power output. These systems enhance vehicle performance, improve fuel economy, and reduce environmental impact by minimizing wasted energy. They find applications across hybrid and electric vehicles, where optimizing energy use is critical for extending range and enhancing overall efficiency in automotive propulsion systems.
North America Automotive Energy Recovery System Trends
- Electrification of vehicles: The increasing adoption of electric vehicles will drive the growth of the automotive energy recovery system market, as these systems are essential for maximizing the range of electric vehicles.
- Growing demand for fuel-efficient vehicles: Rising fuel prices and stricter emission regulations are driving the demand for fuel-efficient vehicles, which in turn is boosting the demand for automotive energy recovery systems.
- Advancements in technology: Technological advancements, such as the development of more efficient turbochargers and exhaust gas recirculation systems, are making automotive energy recovery systems more effective and desirable.
Driving Forces: What's Propelling the North America Automotive Energy Recovery System Market
- Escalating Demand for Fuel Efficiency and Reduced Emissions: The North American automotive market is witnessing a significant shift towards fuel-efficient vehicles, driven by rising fuel costs and growing environmental concerns. This directly fuels the demand for energy recovery systems (ERS) that improve fuel economy and reduce greenhouse gas emissions.
- Surge in Electric Vehicle (EV) Adoption: The rapid expansion of the EV market is a key driver. ERS technologies, including regenerative braking, are integral to optimizing EV battery life and extending driving range, making them essential components in modern electric vehicles.
- Stringent Government Regulations and Incentives: Governments across North America are implementing increasingly stringent emission regulations and offering substantial incentives to promote the adoption of fuel-efficient and electric vehicles. This regulatory landscape creates a compelling environment for the widespread adoption of ERS technology.
- Technological Advancements and Cost Reduction: Continuous advancements in ERS technology are leading to improved efficiency, reduced system costs, and increased reliability. These advancements are making ERS a more viable and attractive option for automakers.
- Improved Performance and Enhanced Driving Experience: Modern ERS systems not only enhance fuel efficiency and reduce emissions but also contribute to a smoother and more responsive driving experience, further boosting their appeal to consumers.
Challenges and Restraints in North America Automotive Energy Recovery System Market
- Elevated capital investments associated with automotive energy recovery systems
- Limited consumer awareness regarding the advantages of energy recovery systems
- Technical complexities in seamlessly integrating energy recovery systems into vehicles
- Fluctuations in raw material prices, potentially affecting manufacturing costs
- Competition from conventional automotive powertrain systems
Emerging Trends in North America Automotive Energy Recovery System
- Development of more efficient turbochargers
- Integration of energy recovery systems with other vehicle technologies
- Use of artificial intelligence (AI) to optimize energy recovery
Growth Catalysts in North America Automotive Energy Recovery System Industry
- Government initiatives and incentives promoting fuel-efficient vehicle adoption
- Strategic partnerships between automotive manufacturers and energy recovery system suppliers
- Technological advancements enhancing system efficiency and cost-effectiveness
- Rising demand for eco-friendly and sustainable automotive solutions
- Increasing consumer emphasis on vehicle performance and fuel economy
Market Segmentation: North America Automotive Energy Recovery System Analysis
Subsystem:
- Turbocharger
- Exhaust Gas Recirculation (EGR)
Propulsion:
- ICE
- Electric
Vehicle:
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Leading Players in the North America Automotive Energy Recovery System Market
- Delphi Technologies (BorgWarner Inc.)
- Tenneco Inc.
- Cummins Inc.
- Energy Recovery
- Honeywell Corporation
- Stanadyne
- Advics
- Maxwell Technologies
- VALEO SERVICE
- Precision Turbo & Engine
Significant Developments in North America Automotive Energy Recovery System Sector
- In 2022, Delphi Technologies launched a new turbocharger for heavy-duty applications, offering increased fuel efficiency and reduced emissions.
- In 2021, Tenneco announced the acquisition of CLARCOR Industries, a leading manufacturer of filtration and emissions control systems, to strengthen its product portfolio in the automotive energy recovery system market.
- In 2020, Cummins Inc. introduced a new exhaust gas recirculation (EGR) system for heavy-duty engines, which significantly reduces nitrogen oxide (NOx) emissions.
Comprehensive Coverage North America Automotive Energy Recovery System Market Report
The comprehensive market research report on North America Automotive Energy Recovery System provides a thorough analysis of:
- Market dynamics, including historical, current, and projected market size
- Key industry trends shaping the market landscape
- Competitive landscape, highlighting key players and their market share
- Detailed information on industry developments, such as mergers, acquisitions, and new product launches
- Market forecasts, providing insights into future market growth and opportunities
- Company profiles, offering in-depth analysis of major industry participants
Regional Insight
North America represents a significant and dynamic market for automotive energy recovery systems, with the United States holding the largest market share. The region's growth is fueled by a confluence of factors, including increasingly stringent emission standards (like California's Zero Emission Vehicle mandates), substantial government incentives for green technologies, a robust automotive manufacturing sector, and a growing consumer preference for environmentally friendly vehicles. Canada, while possessing a smaller market compared to the US, is also experiencing notable growth driven by similar factors and a commitment to reducing its carbon footprint. The competitive landscape within North America is characterized by both established automotive giants and innovative technology companies, leading to continuous advancements and a wide range of ERS solutions available in the market.
Pricing Strategies
Automotive energy recovery system manufacturers use various pricing strategies, including:
- Cost-plus pricing
- Value-based pricing
- Competitive pricing
SWOT Analysis
Strengths:
- Increasing demand for fuel-efficient vehicles
- Stringent emission regulations
- Technological advancements
Weaknesses:
- High cost of energy recovery systems
- Lack of awareness
- Technical challenges
Opportunities:
- Development of more efficient systems
- Integration with other vehicle technologies
Threats:
- Fluctuating raw material prices
- Economic downturn
North America Automotive Energy Recovery System Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 6.5% from 2019-2033 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1 Increasing Demand for Forged Products in Power
- 3.2.2 Agriculture
- 3.2.3 Aerospace
- 3.2.4 and Defense to Drive Industry Expansion
- 3.3. Market Restrains
- 3.4. Market Trends
- 3.4.1. Rising Adoption of Automation in Manufacturing to Drive Market Growth
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. North America Automotive Energy Recovery System Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Subsystem
- 5.1.1. Turbocharger
- 5.1.2. Exhaust Gas Recirculation (EGR
- 5.2. Market Analysis, Insights and Forecast - by Propulsion
- 5.2.1. ICE
- 5.2.2. Electric
- 5.3. Market Analysis, Insights and Forecast - by Vehicle
- 5.3.1. Passenger Cars
- 5.3.2. Light Commercial Vehicles
- 5.3.3. Heavy Commercial Vehicles
- 5.4. Market Analysis, Insights and Forecast - by Region
- 5.4.1.
- 5.1. Market Analysis, Insights and Forecast - by Subsystem
- 6. United States North America Automotive Energy Recovery System Market Analysis, Insights and Forecast, 2019-2031
- 7. Canada North America Automotive Energy Recovery System Market Analysis, Insights and Forecast, 2019-2031
- 8. Mexico North America Automotive Energy Recovery System Market Analysis, Insights and Forecast, 2019-2031
- 9. Competitive Analysis
- 9.1. Market Share Analysis 2024
- 9.2. Company Profiles
- 9.2.1 Delphi Technologies (BorgWarner Inc.) (U.S.)
- 9.2.1.1. Overview
- 9.2.1.2. Products
- 9.2.1.3. SWOT Analysis
- 9.2.1.4. Recent Developments
- 9.2.1.5. Financials (Based on Availability)
- 9.2.2 Tenneco Inc. (U.S.)
- 9.2.2.1. Overview
- 9.2.2.2. Products
- 9.2.2.3. SWOT Analysis
- 9.2.2.4. Recent Developments
- 9.2.2.5. Financials (Based on Availability)
- 9.2.3 Cummins Inc. (U.S.)
- 9.2.3.1. Overview
- 9.2.3.2. Products
- 9.2.3.3. SWOT Analysis
- 9.2.3.4. Recent Developments
- 9.2.3.5. Financials (Based on Availability)
- 9.2.4 Energy Recovery (U.S.)
- 9.2.4.1. Overview
- 9.2.4.2. Products
- 9.2.4.3. SWOT Analysis
- 9.2.4.4. Recent Developments
- 9.2.4.5. Financials (Based on Availability)
- 9.2.5 Honeywell Corporation (U.S.)
- 9.2.5.1. Overview
- 9.2.5.2. Products
- 9.2.5.3. SWOT Analysis
- 9.2.5.4. Recent Developments
- 9.2.5.5. Financials (Based on Availability)
- 9.2.6 Stanadyne (U.S.)
- 9.2.6.1. Overview
- 9.2.6.2. Products
- 9.2.6.3. SWOT Analysis
- 9.2.6.4. Recent Developments
- 9.2.6.5. Financials (Based on Availability)
- 9.2.7 Advics (U.S.)
- 9.2.7.1. Overview
- 9.2.7.2. Products
- 9.2.7.3. SWOT Analysis
- 9.2.7.4. Recent Developments
- 9.2.7.5. Financials (Based on Availability)
- 9.2.8 Maxwell Technologies (U.S.)
- 9.2.8.1. Overview
- 9.2.8.2. Products
- 9.2.8.3. SWOT Analysis
- 9.2.8.4. Recent Developments
- 9.2.8.5. Financials (Based on Availability)
- 9.2.9 VALEO SERVICE (U.S.)
- 9.2.9.1. Overview
- 9.2.9.2. Products
- 9.2.9.3. SWOT Analysis
- 9.2.9.4. Recent Developments
- 9.2.9.5. Financials (Based on Availability)
- 9.2.10 Precision Turbo & Engine (U.S.)
- 9.2.10.1. Overview
- 9.2.10.2. Products
- 9.2.10.3. SWOT Analysis
- 9.2.10.4. Recent Developments
- 9.2.10.5. Financials (Based on Availability)
- 9.2.1 Delphi Technologies (BorgWarner Inc.) (U.S.)
List of Figures
- Figure 1: North America Automotive Energy Recovery System Market Revenue Breakdown (USD billion, %) by Product 2024 & 2032
- Figure 2: North America Automotive Energy Recovery System Market Share (%) by Company 2024
List of Tables
- Table 1: North America Automotive Energy Recovery System Market Revenue USD billion Forecast, by Region 2019 & 2032
- Table 2: North America Automotive Energy Recovery System Market Volume K Units Forecast, by Region 2019 & 2032
- Table 3: North America Automotive Energy Recovery System Market Revenue USD billion Forecast, by Subsystem 2019 & 2032
- Table 4: North America Automotive Energy Recovery System Market Volume K Units Forecast, by Subsystem 2019 & 2032
- Table 5: North America Automotive Energy Recovery System Market Revenue USD billion Forecast, by Propulsion 2019 & 2032
- Table 6: North America Automotive Energy Recovery System Market Volume K Units Forecast, by Propulsion 2019 & 2032
- Table 7: North America Automotive Energy Recovery System Market Revenue USD billion Forecast, by Vehicle 2019 & 2032
- Table 8: North America Automotive Energy Recovery System Market Volume K Units Forecast, by Vehicle 2019 & 2032
- Table 9: North America Automotive Energy Recovery System Market Revenue USD billion Forecast, by Region 2019 & 2032
- Table 10: North America Automotive Energy Recovery System Market Volume K Units Forecast, by Region 2019 & 2032
- Table 11: North America Automotive Energy Recovery System Market Revenue USD billion Forecast, by Country 2019 & 2032
- Table 12: North America Automotive Energy Recovery System Market Volume K Units Forecast, by Country 2019 & 2032
- Table 13: United States North America Automotive Energy Recovery System Market Revenue (USD billion) Forecast, by Application 2019 & 2032
- Table 14: United States North America Automotive Energy Recovery System Market Volume (K Units ) Forecast, by Application 2019 & 2032
- Table 15: Canada North America Automotive Energy Recovery System Market Revenue (USD billion) Forecast, by Application 2019 & 2032
- Table 16: Canada North America Automotive Energy Recovery System Market Volume (K Units ) Forecast, by Application 2019 & 2032
- Table 17: Mexico North America Automotive Energy Recovery System Market Revenue (USD billion) Forecast, by Application 2019 & 2032
- Table 18: Mexico North America Automotive Energy Recovery System Market Volume (K Units ) Forecast, by Application 2019 & 2032
- Table 19: North America Automotive Energy Recovery System Market Revenue USD billion Forecast, by Subsystem 2019 & 2032
- Table 20: North America Automotive Energy Recovery System Market Volume K Units Forecast, by Subsystem 2019 & 2032
- Table 21: North America Automotive Energy Recovery System Market Revenue USD billion Forecast, by Propulsion 2019 & 2032
- Table 22: North America Automotive Energy Recovery System Market Volume K Units Forecast, by Propulsion 2019 & 2032
- Table 23: North America Automotive Energy Recovery System Market Revenue USD billion Forecast, by Vehicle 2019 & 2032
- Table 24: North America Automotive Energy Recovery System Market Volume K Units Forecast, by Vehicle 2019 & 2032
- Table 25: North America Automotive Energy Recovery System Market Revenue USD billion Forecast, by Country 2019 & 2032
- Table 26: North America Automotive Energy Recovery System Market Volume K Units Forecast, by Country 2019 & 2032
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.
Frequently Asked Questions
2. Which companies are prominent players in the North America Automotive Energy Recovery System Market?
Key companies in the market include Delphi Technologies (BorgWarner Inc.) (U.S.), Tenneco Inc. (U.S.), Cummins Inc. (U.S.), Energy Recovery (U.S.), Honeywell Corporation (U.S.), Stanadyne (U.S.), Advics (U.S.), Maxwell Technologies (U.S.), VALEO SERVICE (U.S.), Precision Turbo & Engine (U.S.).
3. What are the main segments of the North America Automotive Energy Recovery System Market?
The market segments include Subsystem, Propulsion, Vehicle.
4. Can you provide details about the market size?
The market size is estimated to be USD 17.12 USD billion as of 2022.
5. What are some drivers contributing to market growth?
Increasing Demand for Forged Products in Power. Agriculture. Aerospace. and Defense to Drive Industry Expansion.
6. What are the notable trends driving market growth?
Rising Adoption of Automation in Manufacturing to Drive Market Growth.
7. Are there any restraints impacting market growth?
N/A
8. Can you provide examples of recent developments in the market?
N/A
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3850, USD 4850, and USD 5850 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in USD billion and volume, measured in K Units .
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "North America Automotive Energy Recovery System Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the North America Automotive Energy Recovery System Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the North America Automotive Energy Recovery System Market?
To stay informed about further developments, trends, and reports in the North America Automotive Energy Recovery System Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.