The exhaust heat recovery system is a technology that helps automobiles emit less carbon dioxide. It's also utilised by industries to conserve fuel and energy. The exhaust heat recovery system turns engine exhaust thermal losses into energy. It's evident from the name that the technology may be employed on both conventional and hybrid automobiles. Electric vehicles do not emit any toxic gases, hence it cannot be used on them.
The "Global Exhaust heat recovery systems Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the exhaust heat recovery systems market with detailed market segmentation by component, technology, vehicle type, and geography. The report provides key statistics on the market status of the leading exhaust heat recovery systems market players and offers key trends and opportunities in the market.
- Based on component, the global exhaust heat recovery systems market is segmented into turbine, EGR valve cooler, evaporator, condenser, compressor and teg module.
- On the basis of technology, the market is segmented into turbo charger, EGR, TEG and ORC.
- Based on vehicle type, the global exhaust heat recovery systems market is segmented into passenger cars, light commercial vehicle and heavy commercial vehicle.
- The potential of this market to turn thermal waste into energy while also reducing pollution is its main selling point.
- The demand for this system has substantially risen with the global aim to reduce the pollution level which has increased due to the increasing number of vehicles on the road.
- Exhaust heat recovery system market expansion may be slowed by stiff rivalry from existing and developing industry players.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The exhaust heat recovery systems market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the exhaust heat recovery systems market in these regions.
IMPACT OF COVID-19 ON EXHAUST HEAT RECOVERY SYSTEMS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The report covers key developments in the exhaust heat recovery systems market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from exhaust heat recovery systems market are anticipated to lucrative growth opportunities in the future with the rising demand for exhaust heat recovery systems in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the exhaust heat recovery systems market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Borgwarner Inc.
- Calsonic Kansei Corporation
- Continental AG
- Dana Incorporated
- Denso Corporation
- Eberspächer Group
- Mitsubishi Electric Corporation
- Schaeffler AG
- Tenneco Inc.
- Valeo SA
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.