Exhaust Heat Recovery System Market Overview and Forecast: Sustainable Growth Amidst Changing Trends

The Exhaust Heat Recovery System Market was valued at US$ 17.22 Bn. in 2022 and the total revenue is expected to grow at 6.3 % of CAGR through 2023 to 2029, reaching nearly US$ 26.41 Bn.

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Exhaust Heat Recovery System Market Overview

Exhaust Heat Recovery Systems play a crucial role in transforming waste heat energy from exhaust gases into electric or mechanical energy for the crankshaft. This innovative technology not only reduces harmful gas emissions but also enhances powertrain effectiveness, making it essential for the automotive industry.

Exhaust Heat Recovery System Market Report Scope and Research Methodology

The Exhaust Heat Recovery System Market Report provides a detailed analysis of the transformation of waste heat energy from exhaust gases into electric or mechanical energy for the crankshaft. With a focus on the automotive industry's need to create fuel-efficient vehicles, the report delves into the market dynamics, drivers, restraints, and regional insights shaping the competitive landscape.

Maximize Market Research Pvt Ltd's report employs a robust research methodology, incorporating supply chain analysis and considering the global impact of the COVID-19 pandemic. The research identifies key factors influencing the market and tracks the recovery of supply chains following pandemic-related disruptions. The report also explores the focus on achieving net-zero emissions and the growing demand for exhaust heat recovery systems.

Exhaust Heat Recovery System Market Report Drivers

The report highlights the critical role of Exhaust Heat Recovery Systems in increasing powertrain effectiveness and reducing harmful gas emissions. Opportunities abound in the adoption of exhaust heat for auxiliary applications, coupled with the increased use of turbochargers and exhaust gas recirculation (EGR) in gasoline-powered cars. The research identifies the ongoing shift towards environmental initiatives, with major corporations aiming for carbon neutrality, presenting a significant opportunity for carbon offset providers.

Exhaust Heat Recovery System Market Regional Analysis

Asia Pacific dominates the market with a 56% share in 2022, expected to witness substantial growth due to stringent environmental regulations, such as India's BS-VI standards. The report delves into the regional nuances, outlining the impact of regulations on manufacturers and the potential for sustained growth.

Exhaust Heat Recovery System Market Segmentation :

by Mode

Exhaust Gas Recirculation
Turbocharger
Organic Rankine Cycle

by Vehicle Type

Passenger cars
Light Commercial Vehicle
Truck
Buses

by Components

EGR Component
Turbocharger Component
Organic Ranking Cycle Component
Thermoelectric Generator Component

by Technology

EGR
Turbocharger
ORC
TEG

by Hybrid Vehicle

HEVs
PHEVs

Exhaust Heat Recovery System Market Key Players :

1. Siemens AG 2. Mitsubishi Heavy Industries, Ltd. 3. General Electric 4. ABB 5. Boustead International Heaters 6. Forbes Marshall 7. Promec Engineering 8. Terrapin 9. Wood Plc (Amec Foster Wheeler) 10.Climeon; BoschIndustriekessel GmbH 11.AURA GmbH & Co. 12.Exergy S.p.A. 13.IHI Corporation

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Key Questions answered in the Exhaust Heat Recovery System Market Report are:

What is Exhaust Heat Recovery System?
What will be the CAGR of the Exhaust Heat Recovery System market during the forecast period?
What are the opportunities for the Exhaust Heat Recovery System Market?
What factors are affecting the Exhaust Heat Recovery System market growth?
Which company held the largest share in the Exhaust Heat Recovery System market?
What key trends are likely to emerge in the Exhaust Heat Recovery System market in the coming years?
Key offerings:

Market Share, Size, and Forecast by Revenue|2023-2029
Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
Market Segmentation- A detailed analysis of each segment and their segments
Competitive Landscape - Leading key players and other prominent key players.
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