Automotive Energy Recovery System Market Size & Share, by Type (Regenerative Braking System, Exhaust Gas Recirculation (EGR), Turbochargers); Vehicle Type (Electric Vehicles, Hybrid Vehicles, Plug-in Hybrid Electric Vehicles); Application (Passenger Vehicle, Commercial Vehicle) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 4400
  • Published Date: Feb 17, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2033

Automotive Energy Recovery System Market size is estimated to reach USD 170 Billion by the end of 2033, growing at a CAGR of 9% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of automotive energy recovery system was USD 70 Billion. The growth of the market can be attributed to the growing demand of automobiles as well as increasing sale of cars worldwide. Furthermore, growing manufacturing of fuel-efficient vehicles backed by the growing CO2 emission triggering the higher cases of respiratory diseases are also anticipated to hike the market growth over the forecast period. For instance, it was estimated that, in 2021 the car sales reached around 66 million automobiles globally. Hence, such factors are expected to flourish the growth of the market during the forecast period.

Global automotive energy recovery system market trends such as, recent advancements in automotive energy recovery systems as well as rising greenhouse gases, the demand for automotive energy recovery systems is on the rise amongst automobile manufacturers, which in turn, is expected to create massive revenue generation opportunities for the key players operating in the global market during the forecast period. For instance, it was found that a passenger vehicle emits ~ 4.6 metric tons of carbon dioxide per year. Moreover government of different nation are investing heavily to promote the notion of saving the environment. Vehicles are one of the major mediums to increase the amount of pollution in the atmosphere and as a result there is a need for proper arrangement to prevent this issue.

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Automotive Energy Recovery System Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Demand for Electric Vehicles (EV) – It was observed that global electric vehicles sales in 2021 were estimated to reach ~6.75 million units globally.
  • With most of the electric vehicles being equipped with a regenerative braking system. The increasing demand for EVs is expected to boost demand for automotive energy recovery systems as regenerative braking recovers some of the kinetic energy that would otherwise turn into heat and instead converts it into electricity.
  • Increasing R&D Spending in the Automotive Sector – it was found that in 2020, global R&D spending reached more than USD 135 billion in the automotive sector.
  • Increase in New Light Vehicle Sales—New light vehicles sales to reach 16 million units in 2021 worldwide, representing a 12.5% increase over 2020, as per estimates.
  • Emerging Emission Norms & Standards – According to reports, to reduce the level of tailpipe pollutants, in India the emission of only 10 parts per million (ppm) of Sulphur is permissible as per the updated Bharat Stage (BS)-VI, which is applicable from 2020.


  • High Cost of Overall Vehicle Production - Automotive energy recovery systems increase the cost of automobiles since they can convert waste materials into heat and energy. Furthermore, it can also convert the chemical energy into mechanical energy. Hence, automotive energy recovery systems are very expensive and its commercial availability is quite difficult. Hence, this factor may hamper the growth of the market over the forecast period.
  • High Maintenance Cost
  • Concern about the Availability of Low-cost Faux Systems

Automotive Energy Recovery System Market: Key Insights

Base Year


Forecast Year




Base Year Market Size (2022)

USD 70 Billion

Forecast Year Market Size (2033)

USD 170 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Automotive Energy Recovery System Segmentation

Vehicle Type (Electric Vehicles, Hybrid Vehicles, Plug-in Hybrid Electric Vehicles)

The global automotive energy recovery system market is segmented and analyzed for demand and supply by vehicle type into electric vehicles, hybrid vehicles, and plug-in hybrid electric vehicles. Out of these vehicle type, the electric vehicles segment is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the growing demand of electric vehicles (EV) along with the surge in the sale for electric vehicles worldwide. For instance, it is forecasted that by 2040, EVs and other zero-emission vehicles will account for almost 70% of new vehicle sales. Automotive energy recovery systems are used in electric cars for energy recover management. It can convert the kinetic energy into electrical when braking. Hence, this factor is expected to hike the growth of the segment over the forecast period.

Application (Passenger Vehicle, Commercial Vehicle)

The global automotive energy recovery system market is also segmented and analyzed for demand and supply by application into passenger vehicle and commercial vehicle. Amongst these segments, the commercial vehicle segment is expected to garner a significant share. The segment is expected to grow on the back of higher utilization of automotive energy recovery systems in commercial vehicles across the globe. Commercial vehicles are used for the transportation of passenger and transport goods to provide profit for businesses and individuals. Some of the different types of commercial motor vehicles (CMVs) are taxicabs, pickup trucks, busses, trucks, vans, travel trailers, and many more. As of 2021, the global production of commercial vehicle rises from 22 million units while the sales of these vehicles estimated to hit around 700,000 units in the similar year across the globe.

Our in-depth analysis of the global automotive energy recovery system market includes the following segments 

            By Type

  • Regenerative Braking System
  • Exhaust Gas Recirculation (EGR)
  • Turbochargers

            By Vehicle Type

  • Electric Vehicles
  • Hybrid Vehicles
  • Plug-in Hybrid Electric Vehicles

            By Application

  • Passenger Vehicle
  • Commercial Vehicle

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Automotive Energy Recovery System Industry - Regional Synopsis

Asia Pacific Market Forecast

The Asia Pacific automotive energy recovery system market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. The growth of the market can be attributed majorly to the growing demand for automobiles as well as the rising sales of vehicles including cars and commercial vehicles in the region. For instance, the total number of vehicles sold by China, Japan and South Korea in 2020 was projected to be ~25,225,200, ~ 8,067,557, and ~3,506,774 respectively.

North America Market Forecast

Furthermore, the global automotive energy recovery system market is anticipated to witness significant growth in North America region. The growth of the market in this region can be attributed to the escalated production of electric vehicles backed by the presence of many key manufacturers who are intrigued to invest large capital to make several new innovations in the energy recovery systems. Around 15 million units of light electric vehicle were projected to be sold out in the USA in 2021.

Europe Market Forecast

Further, Europe is anticipated to provide lucrative growth opportunity for the growth of the automotive energy recovery systems market over the forecast period on the back of growth in the R&D and spending in the automotive sector by the government and other private organizations. Therefore, all these factors are anticipated to boost the market growth in the region over the forecast period.

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Companies Dominating the Automotive Energy Recovery System Landscape

    • The General Motors Company
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Autoliv Inc.
    • Mitsubishi Heavy Industries, Ltd.
    • Continental AG
    • Faurecia SE
    • Robert Bosch GmbH
    • Delphi Group
    • Panasonic Holdings Corporation
    • Tenneco Inc.
    • Cummins Inc.


In The News

  • The General Motors Company announced the characteristics of its Ultium-based EVs that capture and repurpose waste energy from the battery. The Ultium Platform’s energy recovery system can increase a vehicle’s range, increase charging speed, reduce battery energy needed for heating, and even enables sportier driving through this waste energy.

  • Continental AG is launching two new sensors for electrified vehicles: The Current Sensor Module (CSM) and the Battery Impact Detection (BID) system. The manufacturing of all new high-voltage current sensor modules (CSM) will begin by 2022. The new solutions focus on protecting the battery and/or on battery parameter retention.

Author Credits:  Harshita Srivastava, Saima Khursheed

  • Report ID: 4400
  • Published Date: Feb 17, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Surge in the penetration of electromechanical steering systems and growing demand for steering wheel are the major factors driving the market growth.

The market is anticipated to attain a CAGR of 9% over the forecast period, i.e., 2023-2033.

Lack of awareness regarding IBS treatment and the side effects of IBS drugs are estimated to be the growth hindering factors for the market expansion.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are Autoliv Inc., Mitsubishi Heavy Industries, Ltd., Continental AG, Faurecia SE, Robert Bosch GmbH, Delphi Group, Panasonic Holdings Corporation, Tenneco Inc., Cummins Inc., and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, vehicle type, application, and by region.

The electronic steering segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
Automotive Energy Recovery Systems Market Report Scope

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