Automotive Energy Harvesting and Regeneration Market Outlook by Product Overview, Application and Regions 2026
Automotive energy harvesting and regeneration
refers to the process of extraction and storage of energy from external sources
such as wind, thermal, solar, or kinetic energy from motion of the vehicle for
application in powering or improving the vehicle overall energy efficiency.
Energy generated in the process is stored in capacitors and batteries and is
utilized for supporting the operations of the vehicles.
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Dearth of conventional fuel sources in
conjunction with concerns regarding growing carbon footprint fueling the growth
of the automotive energy harvesting and regeneration market
According to CIA World Factbook, conventional
fuels, commonly referred to as the fossil fuels such as coal, oil, and gas are
expected to be exhausted by 2052, if the global consumption of oil remains
consistent with an annual oil consumption of over 11 billion tons. Automotive
and transportation account for a major share of the global energy consumption,
which is expected to fuel demand for advanced technologies in the industry
segments. Plug-in hybrid electric vehicles, hybrid, battery electric vehicles
are expected to be among the prominent end-use segments of the technology, with
hybrid electric vehicles dominating the industry share over the forecast
period.
Another factor influencing the growth of the
automotive energy harvesting and regeneration market is the growing stringency
of the regulatory bodies towards reducing the carbon footprint and enhancing
the existing efficiency of the fuel efficiency and emissions. For instance,
Corporate Average Fuel Economy (CAFÉ) Standards in U.S. propagating adoption of
energy efficient automotive by formulating regulations for reduction of
petroleum consumption, enhancing the utilization of alternative fuel vehicles
such as hybrid vehicles. It also focuses on reducing greenhouse emissions, and
promoting development of innovative technologies to increase their reliance on
renewable and conservation of energy sources. This in turn creates a highly
conducive environment for growth of the global automotive energy harvesting and
regeneration market.
Automotive Energy Harvesting and Regeneration
Market Taxonomy
On the basis of vehicle type, the global
automotive energy harvesting and regeneration market is classified into:
- Plug-in
hybrid electric vehicles
- Hybrid
Electric Vehicles
- Battery
Electric Vehicles
- Pure
Electric Vehicles
On the basis of recovery system, the global
automotive energy harvesting and regeneration market is classified into:
- Plug-in
hybrid electric vehicles
- Turbocharger
- Regenerative
Braking System
- Exhaust
Gas Recirculation System
- Automotive
Flywheel
Lack of adequate power back up from existing
storage sources and high initial costs are anticipated to present considerable
growth challenge to the market growth
Incorporation of energy conservation and
regenerative systems such as automotive flywheels, turbochargers, and exhaust
gas recirculation systems, leads to additional cost of ownership of the
vehicles. Moreover, battery storages have small energy density per unit volume
and also add on to the existing architecture of the vehicle. This significantly
decreases the performance of the vehicle and in turn dissuades consumers from
adopting these alternative fuel powered vehicles. These factors are expected to
hamper the overall automotive energy harvesting and regeneration market growth
over the forecast period.
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European Union and the U.S. have showed
substantial inclination towards adoption of these technologies to enhance
operational efficiency of vehicles and usher in clean energy driven vehicles.
Among the chief trends gaining traction in the region, green manufacturing to
curtail the emission of GHGs and improve the utilization of renewable sources
has gained significant popularity. Continental AG, Robert Bosch GmbH, Denso
Corporation, Delphi Automotive PLC, Faurecia SA, Tenneco Inc., ZF
Friedrichshafen AG, Gentherm Incorporated, Torotrak PLC, and Ricardo PLC among
others are the chief players in the global automotive energy harvesting and
regeneration market.
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