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North America Automotive Energy Recovery System Market by Subsystem (Turbocharger, Exhaust Gas Recirculation (EGR), by Propulsion (ICE and Electric), by Vehicle (Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles), by North America (United States, Canada, Mexico) Forecast 2024-2032
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
Subsystem:
Propulsion:
Vehicle:
The market research report on North America Automotive Energy Recovery System provides a comprehensive analysis of the market dynamics, key trends, and competitive landscape. The report also includes detailed information on industry developments, market forecasts, and company profiles.
North America is a major market for automotive energy recovery systems, with the U.S. being the largest contributor. The region's market growth is driven by stringent emission regulations and the increasing adoption of fuel-efficient vehicles.
Automotive energy recovery system manufacturers use various pricing strategies, including:
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Weaknesses:
Opportunities:
Threats:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 6.5% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 6.5% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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