Exhaust Heat Recovery System Market Overview
The developments in stringent emission regulations globally are estimated to motivate the Exhaust Heat Recovery System Market 2020. The automobile industry reports are produced by Market Research Future, which highlights market options for expansion. The market is set to make USD 54.01 billion in income by 2023.
The upsurge in demand for diesel vehicles is projected to bolster the exhaust heat recovery system market share considerably in the forecast period. The increased inclination towards the commercial vehicle segment is estimated to bolster the exhaust heat recovery system market stake.
Key Players
The Global Exhaust Heat Recovery System Market Manufacturers are – Continental (Germany), Tenneco Inc. (U.S.), Denso (Japan), Valeo (France), Dana (U.S.), Mitsubishi Electric (Japan), Delphi Technologies (U.K.), Faurecia (France), Mahle (Germany), Calsonic Kansei (Japan), Hitachi Ltd. (Japan), Bosal (Belgium), Borgwarner Inc. (U.S.) are a few of the illustrious companies competing in the exhaust heat recovery system market.
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Segmental Analysis
The segmental study of the Exhaust Heat Recovery System Marketis conducted on the basis of the component, technology, region, and vehicle. Based on the components, the exhaust heat recovery system market is segmented into TEG module, condenser, EGR valve cooler, turbine, compressor, evaporator, and others. On the basis of technology, the exhaust heat recovery system market is segmented into ORC, EGR, turbocharger TEG among others. Based on the vehicle, the exhaust heat recovery system market is segmented into truck, bus, hybrid, light commercial vehicle (LCV), P.C., and overhead valve engine (OHV). Based on the regions, the exhaust heat recovery system market is segmented into Europe, the Americas, Africa, Asia Pacific, the Middle East, and the Rest of the World (ROW).
Detailed Regional Analysis
The regional investigation of the Exhaust Heat Recovery System Market Share includes regions such as Europe, the Americas, Africa, Asia Pacific, the Middle East, and the Rest of the World (ROW). Among the regions studied, the Americas region is the leading market in the Exhaust Heat Recovery System Market. Strict regulations put into practice by the government, along with a variety of environmental organizations to save energy, are inspiring the exhaust heat recovery system market in the Americas. In the region, the nation of the United States (U.S) is a key contributor, supported by well-built economic growth as well as speedy industrialization in the country. The regional Exhaust Heat Recovery System Industry in the Asia Pacific is mounting at the most exceptional rate as a consequence of the elevated industrialization balancing with the mounting significance of sustainable energy in up-and-coming markets, chiefly in China and India. Also, the flourishing manufacturing sector in the region is expected to benefit the exhaust heat recovery system market in the region. Also, the countries of Japan, Australia, China, and Singapore are well-known contributors to the exhaust heat recovery system market in the region.
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Competitive Analysis
The expansion of the Exhaust Heat Recovery System Market Size has currently come close to a standstill with government agencies and trade bodies, introducing a stimulus to pick up the pace of development in the global market. Current disequilibrium in the market forces has led to the market players adopting a more cautious approach to growth and development strategies. The planning and forecasting for human capital in the market is estimated to be a crucial area for focus in the years ahead. Advances in production style and technologies are estimated to gain precedence in the coming years as areas of innovation. The support provided by regulations is estimated to stave off the effects of the downturn considerably in the coming period. The recalibration of the supply chain is estimated to be another area for market expansion in the upcoming period. The currency inflow is estimated to be restricted in the upcoming period, which may create further problems for the overall market growth.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 17
1.1 MARKET ATTRACTIVENESS ANALYSIS 19
1.1.1 GLOBAL EXHAUST HEAT RECOVERY SYSTEM MARKET, BY COMPONENT 20
1.1.2 GLOBAL EXHAUST HEAT RECOVERY SYSTEM MARKET, BY VEHICLE TYPE 21
1.1.3 GLOBAL EXHAUST HEAT RECOVERY SYSTEM MARKET, BY OUTPUT POWER 22
2 MARKET INTRODUCTION 23
2.1 DEFINITION 23
2.2 SCOPE OF THE STUDY 23
2.3 RESEARCH OBJECTIVE 23
2.4 MARKET STRUCTURE 24
3 RESEARCH METHODOLOGY 25
3.1 RESEARCH PROCESS 25
3.2 PRIMARY RESEARCH 26
3.3 SECONDARY RESEARCH 27
3.4 MARKET SIZE ESTIMATION 28
3.5 FORECAST MODEL 29
3.6 LIST OF ASSUMPTIONS& LIMITATIONS 29
4 MARKET DYNAMICS 30
4.1 INTRODUCTION 30
4.2 DRIVERS 30
4.2.1 STRINGENT EMISSION REGULATIONS 30
4.2.2 RISING FOCUS ON REDUCING CARBON FOOTPRINTS 32
4.2.3 GROWING DEMAND FOR THE DIESEL ENGINE ESPECIALLY IN THE COMMERCIAL VEHICLE SEGMENT 32
4.2.4 DRIVER IMPACT ANALYSIS 34
4.3 RESTRAINTS 35
4.3.1 INCREASE IN THE SALE OF EVS 35
4.3.2 . RESTRAINT IMPACT ANALYSIS 36
4.4 OPPORTUNITIES 37
4.4.1 RAPID ADOPTION OF EGR IN GASOLINE VEHICLES 37
4.5 COVID-19 IMPACT ANALYSIS 37
4.5.1 ECONOMIC IMPACT ON THE AUTOMOTIVE INDUSTRY 37
4.5.2 IMPACT ON AUTOMOTIVE PRODUCTION 38
4.5.2.1 FORD 38
4.5.2.2 AMERICAN HONDA 38
4.5.2.3 FCA 38
4.5.2.4 KIA 38
4.5.2.5 VOLKSWAGEN 39
4.5.3 IMPACT ON THE EXHAUST HEAT RECOVERY SYSTEM MARKET 39
4.5.3.1 IMPACT ON SUPPLY CHAIN 39
4.5.3.2 IMPACT ON RAW MATERIALS 39
4.5.3.3 CASH FLOW CONSTRAINTS 39
4.5.3.1 CONSUMER SENTIMENTS 39
4.5.4 IMPACT ON WORLD TRADE 40
5 MARKET FACTOR ANALYSIS 41
5.1 SUPPLY CHAIN ANALYSIS 41
5.1.1 DESIGN & DEVELOPMENT 42
5.1.2 RAW MATERIAL SUPPLY 42
5.1.3 MANUFACTURE 42
Continued……..
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