Global Automotive Exhaust Heat Recovery (EHR) System Market is projected to grow at a CAGR of 5.6% forcasted for period from 2024 to 2031
The "Automotive Exhaust Heat Recovery (EHR) System Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Automotive Exhaust Heat Recovery (EHR) System market is expected to grow annually by 5.6% (CAGR 2024 - 2031).
This entire report is of 187 pages.
Automotive Exhaust Heat Recovery (EHR) System Introduction and its Market Analysis
The Automotive Exhaust Heat Recovery (EHR) System market research reports provide a comprehensive analysis of the market conditions, focusing on the increasing demand for energy-efficient systems in the automotive industry. Automotive EHR systems utilize waste heat from the exhaust to improve fuel efficiency and reduce emissions. Major factors driving revenue growth in this market include stringent regulatory requirements for emissions reduction and the need for sustainable energy solutions. Key players in the Automotive EHR System market include BOSAL, Dana, Faurecia, II-VI, SANGO, Tenneco, Continental, Aptiv, Hitachi, Cummins, Borgwarner, and Ihi. The market analysis highlights the competitive landscape and growth opportunities for companies operating in this sector. The report's main findings emphasize the potential for significant growth in the Automotive EHR System market and recommend further investment in research and development to capitalize on this opportunity.
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The Automotive Exhaust Heat Recovery (EHR) System market is rapidly growing with advancements in technology such as Exhaust Gas Heat Recovery (EGHR), Rankine cycle systems, Thermoelectric generators, and Electric Turbo Compounding (ETC). These systems help in improving fuel efficiency and reducing emissions in passenger cars and commercial vehicles. Regulatory and legal factors specific to market conditions play a crucial role in the adoption of these technologies. With increasing environmental concerns and government regulations on emissions, the demand for EHR systems is expected to rise significantly. Companies in the automotive industry are investing in research and development to comply with these regulations and gain a competitive edge in the market.
Top Featured Companies Dominating the Global Automotive Exhaust Heat Recovery (EHR) System Market
The competitive landscape of the Automotive Exhaust Heat Recovery (EHR) System Market includes key players such as BOSAL, Dana, Faurecia, II-VI, SANGO, Tenneco, Continental, Aptiv, Hitachi, Cummins, Borgwarner, and Ihi. These companies operate in the market by offering innovative solutions for recovering waste heat from vehicle exhaust systems to improve fuel efficiency and reduce emissions.
BOSAL is a leading manufacturer of exhaust systems, including EHR systems, for commercial vehicles. Dana specializes in providing thermal management technologies, including EHR systems, for the automotive industry. Faurecia offers a range of exhaust heat recovery solutions for passenger vehicles. II-VI focuses on developing advanced materials and components for EHR systems. SANGO is known for its exhaust system components, including EHR technology.
Tenneco, Continental, Aptiv, Hitachi, Cummins, Borgwarner, and Ihi also play a significant role in the Automotive EHR System Market by offering a variety of products and solutions that help vehicles recover waste heat from the exhaust system to improve overall performance and efficiency.
These companies help to grow the Automotive EHR System Market by investing in research and development to create more efficient and cost-effective solutions. They also collaborate with automakers to integrate EHR systems into new vehicles and comply with stringent emissions regulations.
In terms of sales revenue, Tenneco reported a revenue of $ billion in 2020, Borgwarner had a revenue of $9.83 billion, and Cummins generated $23.8 billion in sales revenue in the same year. These figures highlight the significant market presence and growth potential of these companies in the Automotive EHR System Market.
- BOSAL
- Dana
- Faurecia
- II-VI
- SANGO
- Tenneco
- Continental
- Aptiv
- Hitachi
- Cummins
- Borgwarner
- Ihi
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Automotive Exhaust Heat Recovery (EHR) System Market Analysis, by Type:
- Exhaust gas Heat Recovery (EGHR)
- Rankine cycle systems
- Thermoelectric generator
- Electric Turbo Compounding (ETC)
Exhaust Gas Heat Recovery (EGHR) systems use heat exchangers to transfer waste heat from exhaust gases to a working fluid. Rankine cycle systems utilize this heat to generate power through a steam turbine. Thermoelectric generators convert heat directly into electricity using semiconductors. Electric Turbo Compounding (ETC) systems harness exhaust energy to drive a generator attached to the turbocharger, increasing engine efficiency. These technologies help increase fuel efficiency and reduce emissions in vehicles, making them more environmentally friendly and cost-effective. This drives the demand for Automotive Exhaust Heat Recovery (EHR) systems in the market.
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Automotive Exhaust Heat Recovery (EHR) System Market Analysis, by Application:
- Passenger cars
- Commercial vehicles
Automotive Exhaust Heat Recovery (EHR) systems are utilized in passenger cars and commercial vehicles to capture waste heat from the exhaust system and convert it into usable energy. In passenger cars, EHR systems can improve fuel efficiency and reduce emissions, while in commercial vehicles, they can enhance overall performance and decrease operating costs. The fastest growing application segment in terms of revenue is in commercial vehicles, as fleet operators are increasingly focused on reducing fuel consumption and operating expenses. EHR systems play a crucial role in achieving these goals and are therefore gaining popularity in this sector.
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Automotive Exhaust Heat Recovery (EHR) System Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The Automotive Exhaust Heat Recovery (EHR) System market is expected to witness significant growth in regions such as North America (United States, Canada), Europe (Germany, France, ., Italy, Russia), Asia-Pacific (China, Japan, South Korea, India, Australia), Latin America (Mexico, Brazil, Argentina, Colombia), and the Middle East & Africa (Turkey, Saudi Arabia, UAE). Among these regions, Asia-Pacific is expected to dominate the market with a market share of around 40%. Europe and North America are also expected to hold significant market shares, with around 25% each, followed by Latin America and the Middle East & Africa.
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