Market Dynamics

Flourishing automotive sector across the globe, sale in emerging economies, coupled with major players approach towards deployment of exhaust heat recovery system in order to improve vehicle efficiency and lower the emission are major factors expected to drive the growth of global exhaust heat recovery system market.

Developing regulatory scenario, favorable business policies by the government, along with emergence of small and mid-size players with innovative solution are other factors anticipated to boost the growth of target market. Government is investing high for R&D activities through deployment of various centers.

• According to India Brand Equity Foundation the government of India has invested to set up a National Automotive Testing and R&D Infrastructure Project (NATRiP) centres as well as National Automotive Board to act as facilitator between the government and the industry.

Rapid technological advancements in the automotive components by major players with the focus of development of innovative products and increasing merger and acquisition activities in order to increase the business presence and customer base are factors responsible to support the market growth.

However factors such as swift inclination towards electric vehicles and high cost over system are factors expected to hamper the growth of global exhaust heat recovery system market. In addition, low awareness among consumers is another factor expected to challenge the growth of target market.

Increasing vehicle sale and players focus on use of exhaust heat for auxiliary applications like HVAC and oil cooling are factors expected to create new opportunities for players operating in the target market over the forecast period. In addition, increasing strategic partnerships and agreements between regional and international players is another factor expected to support the revenue transaction of target market.

Segment Analysis by Region

The market in North America is expected to account for significant revenue share owing to stringent government regulation related to environment. In addition, factor such as rising luxury vehicle sale, developing government regulation related to pollution from vehicles, and major players approach towards lowering the carbon footprints are expected to positively impact the growth of region market.

Asia Pacific is expected to witness faster growth in the near future owing to high passenger vehicle sale in the developing countries. In addition, presence of large number of players operating in the country along with adoption of exhaust system in order to improve the vehicle efficiency is responsible to support the target market growth. Increasing public-private partnership for R&D activities is another factor expected to support the regional market growth.

Competitive Landscape

The global market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.

Report coverage

Exhaust Heat Recovery System Market Segment Analysis, 2019

The global exhaust heat recovery system market is segmented into technology, component, and vehicle type. The technology segment is further bifurcated into exhaust gas recirculation, turbocharger, organic rankine cycle, and thermoelectric generator. The exhaust gas recirculation segment is expected to account for significant revenue share in the global market due to diesel vehicle sale and stringent government regulation related to pollution is resulting in increasing use of exhaust heat recovery system.

The vehicle type segment is further bifurcated into passenger cars, LCVs, truck, and bus. The passenger vehicle segment is expected to witness faster growth in the target market due to high passenger vehicle sale in developing countries.

The sale channel segment is divided into OEM and aftermarket. The OEM segment is expected to account for major revenue share due to developing regulatory scenario and introduction of new vehicle from manufacturers with exhaust system.

The players profiled in the report Aptiv, Hitachi Ltd., DENSO CORPORATION, Bosal, Faurecia, Cummins Inc., Tenneco Inc, Borgwarner Inc., Robert Bosch GmbH, Continental AG, Autoliv Inc., and Ihi Corporation.

Market Segmentation

Market By Technology

• Exhaust gas recirculation (EGR)
• Turbocharger
• Organic rankine cycle (ORC)
• Thermoelectric generator (TEG)

Market By Vehicle Type

• Passenger cars
• LCVs
• Truck
• Bus

Market By Train Type

• OEM
• Aftermarket

Market By Region

North America

• US
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico
• Rest if Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Meddle East & Africa