Automotive Energy Recovery Systems Market to Hit 139.4 Million Units by 2019
Automotive energy recovery systems: The market size, in terms of volume, is projected to grow at a promising CAGR of 9.03% to reach 139.4 million units by 2019.
Dallas, TX -- (SBWire) -- 11/10/2014 --The report, “Automotive Energy Recovery Systems Market by Regenerative Braking [by Region (Asia-Oceania; North America; Europe; and ROW) & by Passenger Car Type (Electric Vehicles, Hybrid Vehicles, and Plug-in Hybrid Electric Vehicles)], by Waste Heat Recovery Systems (by EGR and by Turbochargers), by KERS [by Region (Asia-Pacific, Europe, North America, and ROW)] - Global Trends and forecast to 2019" classifies and defines the automotive energy recovery systems market in terms of value and volume. The report highlights potential growth opportunities in the coming years as well as covers review of the market drivers, restraints, growth indicators, challenges, legislation trends, market dynamics, competitive landscape, and other key aspects with respect to the automotive energy recovery systems market.
Browse 79 market tables and 78 figures spread through 250 pages and in-depth TOC on "Automotive Energy Recovery Systems Market - Global Trends and forecast to 2019"
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Asia-Oceania: Growing market for automotive energy recovery systems in the near future
The Asia-Oceania region includes developing countries such as China, India, Japan, and South Korea. The increasing NOx levels, global warming, stringent fuel emission norms, and the need for vehicle fuel efficiency are the factors driving the demand for automotive energy recovery systems. Suppliers such as Continental AG (Germany), Robert Bosch GmbH (Germany), and Denso Corporation (Japan) are some of the dominant players in this region that are anticipated to drive the demand for the automotive energy recovery systems.
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Europe & North America: Gaining consumer acceptance for automotive energy recovery systems on large scale
In 2009, Europe experienced an economic downturn that affected many industries within the region, especially the automotive industry. However, it is recovering well from the crises and is on the verge of complete recovery. As such, the automotive energy recovery systems market is projected to record a stable growth rate for the period under study. Due to the technological advantage that Europe possesses, new and advanced technologies are well-accepted in its local markets, at a high adoption rate. Due to factors such as promotion of green vehicles, stringent fuel emission and economy norms, and increase in concern regarding global warming, the region has become a key market for automotive energy recovery systems and home to a number of automotive AWD system suppliers such as Robert Bosch AG and Continental AG.
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