Automotive regenerative braking systems is an energy retrieval mechanism that alters the heat formed from friction in brakes into electrical energy. It upsurges the fuel proficiency of the vehicle and declines the greenhouse gases emission by the vehicle. Moreover, it recuperates the vehicle's kinetic energy which is usually misused during deceleration. The recuperated energy is deposited in discrete types of energy storage units such as batteries, flywheel, ultracapacitors, and others. The global automotive regenerative braking systems market is growing at a significant rate, due to stringent vehicle emission rules and regulations, and an upsurge in a number of electric vehicles.
Stringent vehicle emission rules and regulations, advantages such as enhanced functioning of the vehicle and decrease in wear & tear of the braking system, upsurge in concern about pollution produced by automobiles, upsurge in need of fuel-efficient vehicles, an upsurge in sales of electric vehicle are the primary growth drivers for automotive regenerative braking systems market.
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Globally industry players are leveraging market growth through launching new products. Moreover, the high level of capital requirement also poses a major barrier to the entry of new players. This offers an edge to the established players in the industry competition.
Geographically, Asia-Pacific is the largest automotive regenerative braking systems market and is observed to witness the fastest growth in the market due to the larger number of vehicles installed with regenerative braking systems. In addition, stringent vehicle emission rules and regulations, and an upsurge in need of fuel-efficient vehicles are also up surging growth of the Asia-Pacific automotive regenerative braking systems market.
In addition, in July 2016, Maxwell Technologies delivers regenerative braking energy storage for Beijing Subway System. Aisin Seiki Co. Ltd, Continental AG, Magnetti Marelli S.p.A, Robert Bosch GmbH, Adgero S.A.S, Denso Corporation, ZF Friedrichshafen AG, Autoliv Nissin Brakes Systems, Skeleton Technologies, Mazda Motor Corporation, and Maxwell Technologies are the key players offering automotive regenerative braking systems.
Source: VynZ Research
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