Exhaust Heat Recovery System Trends and Forecast
The future of the global exhaust heat recovery system market looks promising with opportunities in the passenger cars, LCVs, truck, and bus markets. The global exhaust heat recovery system market is expected to reach an estimated $23.1 billion by 2030 with a CAGR of 5.7% from 2024 to 2030. The major drivers for this market are increasing demand for energy efficiency, technological advancements in exhaust heat recovery systems, and rising fuel prices are making exhaust heat recovery systems more attractive.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Exhaust Heat Recovery System by Segment
The study includes a forecast for the global exhaust heat recovery system by component, hybrid vehicles, vehicle type, technology, and region.
Exhaust Heat Recovery System Market by Component [Shipment Analysis by Value from 2018 to 2030]:
• EGR Valve
• EGR Cooler
• Turbine
• Compressor
• Evaporator
• Condenser
• Expander
• Pump
• Thermoelectric Module
Exhaust Heat Recovery System Market by Hybrid Vehicles [Shipment Analysis by Value from 2018 to 2030]:
• HEVs
• PHEVs
Exhaust Heat Recovery System Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:
• Passenger cars
• LCVs
• Truck
• Bus
Exhaust Heat Recovery System Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
• EGR
• Turbocharger
• ORC
• TEG
Exhaust Heat Recovery System Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Exhaust Heat Recovery System Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage intEGRation opportunities across the value chain. With these strategies exhaust heat recovery system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the exhaust heat recovery system companies profiled in this report include-
• IHI
• Denso
• Eberspaecher
• Delphi Technologies
• Clean Diesel Technologies
• Dana
• BorgWarner
• Aisin Industries
• Schaeffler
• Continental
Exhaust Heat Recovery System Market Insights
Lucintel forecasts that EGR cooler will remain the largest segment over the forecast period due to growing demand for fuel economy and reduction of greenhouse gas emissions.
Within this market, passenger cars will remain the largest segment because of rising need for fuel-efficient and environment friendly automobiles.
APAC is expected to witness highest growth over the forecast period due to high levels of industrialization along with the growing significance of renewable energy in developing nations like China and India.
Features of the Global Exhaust Heat Recovery System Market
Market Size Estimates: Exhaust heat recovery system market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Exhaust heat recovery system market size by component, hybrid vehicles, vehicle type, technology, and region in terms of value ($B).
Regional Analysis: Exhaust heat recovery system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different component, hybrid vehicles, vehicle type, technology, and regions for the exhaust heat recovery system market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the exhaust heat recovery system market.
Analysis of competitive intensity of the industry based on Porter’s Five FORCes model.
FAQ
Q1. What is the exhaust heat recovery system market size?
Answer: The global exhaust heat recovery system market is expected to reach an estimated $23.1 billion by 2030.
Q2. What is the growth forecast for exhaust heat recovery system market?
Answer: The global exhaust heat recovery system market is expected to grow with a CAGR of 5.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the exhaust heat recovery system market?
Answer: The major drivers for this market are increasing demand for energy efficiency, technological advancements in exhaust heat recovery systems, and rising fuel prices are making exhaust heat recovery systems more attractive.
Q4. What are the major segments for exhaust heat recovery system market?
Answer: The future of the global exhaust heat recovery system market looks promising with opportunities in the passenger cars, LCVs, truck, and bus markets.
Q5. Who are the key exhaust heat recovery system market companies?
Answer: Some of the key exhaust heat recovery system companies are as follows:
• IHI
• Denso
• Eberspaecher
• Delphi Technologies
• Clean Diesel Technologies
• Dana
• BorgWarner
• Aisin Industries
• Schaeffler
• Continental
Q6. Which exhaust heat recovery system market segment will be the largest in future?
Answer: Lucintel forecasts that EGR cooler will remain the largest segment over the forecast period due to growing demand for fuel economy and reduction of greenhouse gas emissions.
Q7. In exhaust heat recovery system market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to high levels of industrialization along with the growing significance of renewable energy in developing nations like China and India.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the exhaust heat recovery system market by component (EGR vavle, EGR cooler, turbine, compressor, evaporator, condenser, expander, pump, and thermoelectric module), hybrid vehicles (HEVs and PHEVs), vehicle type (passenger cars, LCVs, truck, and bus), technology (EGR, turbocharger, ORC, and TEG), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Exhaust Heat Recovery System Market, Exhaust Heat Recovery System Market Size, Exhaust Heat Recovery System Market Growth, Exhaust Heat Recovery System Market Analysis, Exhaust Heat Recovery System Market Report, Exhaust Heat Recovery System Market Share, Exhaust Heat Recovery System Market Trends, Exhaust Heat Recovery System Market Forecast, Exhaust Heat Recovery System Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.