Portland, OR -- (SBWIRE) -- 11/07/2017 -- Automotive Regenerative Braking System Market, published by Allied Market Research, forecasts that the global market is expected to garner $55,180 million by 2022. Passenger cars are anticipated to dominate the market throughout the analysis period. Region-wise, Asia-Pacific is expected to lead, accounting for approximately 50% share of the global automotive regenerative braking system market in 2015.

Regenerative Braking System (RBS) is a mechanism that uses a generator to recover kinetic energy while braking. In conventional vehicles, most of the kinetic energy generated during braking is converted into heat and is dissipated into the environment. RBS helps in converting the generated heat into electrical energy and further store it in an energy storage system such as flywheel, batteries, and ultra-capacitors.

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The system segment is further bifurcated into electric, hydraulics and others (flywheel and spring). As of 2015, electric system segment accounted for the largest revenue owing to its advantages such as less weight and high energy conversion efficiency as compared to others. Moreover, electric system segment is anticipated to witness the highest growth rate of 45.7% CAGR.

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Asia-Pacific accounted for the largest revenue share in 2015 and is anticipated to maintain its dominance throughout the forecast period. This is due to increased adoption of electric vehicles such as electric two wheeler and passenger cars in China, Japan, and India. Moreover, laws and regulations enforced by government regarding vehicular emission supplemented the market growth in Asia-Pacific.

Automotive Regenerative Braking System Market Key Segments:

By system

-Electric
-Hydraulics
-Others (Flywheel and spring)

By Vehicle Type

-Two Wheelers
-Passenger Cars
-Commercial Vehicles