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Automotive Exhaust Heat Recovery System Market Size (2024 - 2029)

The automotive exhaust heat recovery market is experiencing significant growth, driven by the need to enhance vehicle efficiency, reduce emissions, and comply with stricter environmental regulations. This market's expansion is supported by the increasing adoption of advanced materials that improve system performance and durability. Additionally, government incentives for fuel-saving technologies are further propelling the market. The rising sales of passenger and commercial vehicles also contribute to the market's growth trajectory, as automakers increasingly implement these systems to meet regulatory demands and consumer expectations for better fuel economy.

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Market Size of Automotive Exhaust Heat Recovery System Industry

Automotive Exhaust Heat Recovery System Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 8.30 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Automotive Exhaust Heat Recovery System Market Major Players

*Disclaimer: Major Players sorted in no particular order

Automotive Exhaust Heat Recovery System Market Analysis

The Automotive Exhaust Heat Recovery market is estimated to be valued at USD 23.7 billion in the current year. It is expected to reach USD 35.4 billion by the end of the forecast period, registering a CAGR of 8.3% during the forecast period.

The Automotive exhaust heat recovery market is a rapidly evolving sector within the automotive industry. It focuses on harnessing and utilizing waste heat generated by a vehicle's exhaust system to enhance overall efficiency, reduce emissions, and improve fuel economy. This technology gained significant attention and importance due to environmental concerns, stricter emission regulations, and the continuous quest for improved fuel efficiency.

The adoption of exhaust heat recovery systems is on the rise globally as stricter emission standards push automakers to optimize combustion and reduce harmful emissions. Furthermore, the development of advanced materials, like heat-resistant alloys and ceramics, is enhancing the efficiency and durability of these components. Also, governments and regulatory bodies incentivize automakers through credits for adopting fuel-saving technologies, including exhaust heat recovery systems.

Another major driver for the Automotive Exhaust Heat recovery systems market is the sales of passenger cars and commercial vehicles. The increase in passenger car sales from USD 56.4 million in 2021 to USD 57.4 million in 2022 is contributing to the growth of the automotive exhaust heat recovery market.

Automotive Exhaust Heat Recovery System Industry Segmentation

An automotive exhaust heat recovery system is a technology used in vehicles to capture and utilize the heat generated by the exhaust gases of an internal combustion engine. This system is designed to improve the overall efficiency of the vehicle by harnessing the waste heat energy that is typically expelled through the exhaust system. The captured heat can then be converted into useful energy such as electricity or thermal energy. It can power various vehicle systems, enhance fuel efficiency, and reduce emissions.

The automotive exhaust heat recovery system market is segmented by technology, vehicle type, and geography. By technology, the market is segmented into exhaust gas recirculation (ECR) and turbochargers. By vehicle type, the market is bifurcated into passenger cars and commercial vehicles. By Geography, the market is segmented into North America, Europe, Asia-Pacific, and the rest of the world.

The report offers the size and forecast for the automotive exhaust heat recovery system market in value (USD) for all the above segments.

Technology
Exhaust Gas Recirculation (EGR)
Turbocharger
Vehicle Type
Passenger Car
Commercial Vehicle
Geography
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
Brazil
United Arab Emirates
Other Countries
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Automotive Exhaust Heat Recovery System Market Size Summary

The Automotive Exhaust Heat Recovery System market is experiencing significant growth as it plays a crucial role in enhancing vehicle efficiency and reducing emissions. This sector focuses on capturing and utilizing waste heat from a vehicle's exhaust system, driven by increasing environmental concerns and stringent emission regulations. The technology is gaining traction globally, supported by advancements in materials like heat-resistant alloys and ceramics, which improve the efficiency and durability of these systems. Governments are incentivizing the adoption of such technologies through credits, further propelling market expansion. The rising sales of passenger and commercial vehicles also contribute to the market's growth, as automakers seek to optimize combustion and meet regulatory standards.

The Asia-Pacific region is a major contributor to the global demand for automotive exhaust heat recovery systems, driven by rapid technological advancements and stringent environmental regulations. Countries like India and China are enforcing strict emission standards, increasing the demand for these systems to enhance fuel efficiency and reduce pollutants. The market is characterized by intense competition, with key players such as Continental AG, Delphi Technologies, and Denso actively engaging in research and development, acquisitions, and new product developments. Strategic investments, like Bosch's acquisition of SLM500s and General Motors' investment in V8 engine production, highlight the industry's focus on innovation and expansion. These developments underscore the market's dynamic nature and its pivotal role in the automotive industry's transition towards more sustainable practices.

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Automotive Exhaust Heat Recovery System Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porter's Five Forces Analysis

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Technology

      1. 2.1.1 Exhaust Gas Recirculation (EGR)

      2. 2.1.2 Turbocharger

    2. 2.2 Vehicle Type

      1. 2.2.1 Passenger Car

      2. 2.2.2 Commercial Vehicle

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

        3. 2.3.1.3 Rest of North America

      2. 2.3.2 Europe

        1. 2.3.2.1 Germany

        2. 2.3.2.2 United Kingdom

        3. 2.3.2.3 France

        4. 2.3.2.4 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 India

        2. 2.3.3.2 China

        3. 2.3.3.3 Japan

        4. 2.3.3.4 South Korea

        5. 2.3.3.5 Rest of Asia-Pacific

      4. 2.3.4 Rest of the World

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 United Arab Emirates

        3. 2.3.4.3 Other Countries

Automotive Exhaust Heat Recovery System Market Size FAQs

The Automotive Exhaust Heat Recovery System Market is projected to register a CAGR of 8.30% during the forecast period (2024-2029)

Delphi Technologies, Continental AG, Denso , Rheinmetall Automotive and Faurecia are the major companies operating in the Automotive Exhaust Heat Recovery System Market.

Automotive Exhaust Heat Recovery System Market Report Snapshots

Automotive Exhaust Heat Recovery System Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)