Portland, OR -- (SBWire) -- 09/11/2017 --The Regenerative Braking System (RBS) makes use of a generator to produce kinetic energy while braking. A major portion of the kinetic energy produced in conventional vehicles during braking is transformed into heat which is released into the atmosphere. The heat produced is converted into electrical energy by the Regenerative Braking System. Thereafter, this energy is stored in an energy storage device like flywheel, batteries, and ultracapacitors.

The main growth drivers of the RBS market include the growing demand for fuel-efficient cars such as Hybrid Electric Vehicle (HEV) and Plug-In Hybrid Electric Vehicle (PHEV), advancement in two-wheeler RBS, rise in demand for RBS in locomotives, and stringent rules and regulations by the government about automobile pollution. The factors associated with hindering the growth of the market increase the overall cost and weight of a vehicle.

The system segment is classified into electric, hydraulics, and others (flywheel and spring). The electric system segment accounted for the largest revenue generation in 2015 due to its advantages such as less weight and high energy conversion efficiency in comparison to others. Furthermore, the same is estimated to witness the highest growth rate with a CAGR of 45.7%. Nevertheless, the hydraulic and other systems are likely to hinder the market growth during the forecast period on account of their disadvantage such as increasing the weight of vehicles.

On the basis of vehicle type, the passenger cars segment is likely to continue being at the forefront due to its superior benefits such as high efficiency in energy conversion compared to RBS used in trucks or buses, and greater driving distance of electric vehicles. Moreover, RBS can recover nearly half of the energy wasted by passenger cars while braking. This segment occupied for approximately 55% market share in 2015 and is estimated to garner a CAGR of 46.9%.

The largest revenue generating region in 2015 was Asia-Pacific and is expected to maintain its leading position throughout the forecast period. This is on account of the greater use of electric vehicles such as electric two-wheeler and passenger cars in China, Japan, and India. In addition, laws and regulations enforced by the government regarding vehicular emission triggered the market growth in Asia-Pacific.

In Asia-Pacific, China led the RBS market, especially in the two wheelers and passenger cars segment. As of 2015, China holds 230 million E-bicycle, 83,000 E-cars, and 36,500 E-bikes. The reasons that the country has come to this position are the advancement in technology of electric vehicles and government initiatives such as investment in EVSE infrastructure. Furthermore, growing number of charging stations in countries such as China, Japan, and India has fueled the growth of the Asia-Pacific RBS market.

Get PDF Brochure of the Market Report Study: https://www.alliedmarketresearch.com/request-sample/1679

Key findings of Automotive Regenerative Braking System Market study:

- In 2015, passenger cars segment was at the forefront of the overall automotive regenerative braking system market, generating a revenue of $2,489 million.

- The passenger cars sector is likely to maintain its lead position throughout the forecast period, growing at a CAGR of 47%.

- As of 2015, electric RBS segment was ahead of the overall automotive RBS market, generating a revenue of $3,130 million. It is likely to continue maintaining its dominant position throughout the forecast period.

- The electric system segment is likely to see the most prolific growth rate, growing at a CAGR of 45.7%.

- Asia-Pacific dominates the RBS market, accounting for the largest market share in 2015, generating revenue of $2,213 million.

- The major shareholder, China occupies over half share of the Asia-Pacific RBS market.

The report profiles the key players operating in the RBS market, that are looking forward to new product launches as a strategy to expand their business operations in the emerging countries. The important companies included in the report are MAXWELL TECHNOLOGIES, INC., Skeleton Technologies, Continental AG, Robert Bosch GmbH, HYUNDAI MOBIS Co., Ltd., ZF TRW, ADVICS CO., LTD., Nissin Kogyo Co., Ltd., Hitachi Automotive Systems, Ltd, and Autoliv Inc.

Early buyers will receive 20% customization on this report