DUBLIN--(BUSINESS WIRE)--The "Automotive Regenerative Braking Systems Market by Storage Type, by Vehicle Type, by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2016-2023" report has been added to ResearchAndMarkets.com's offering.
The market growth is mainly driven by stringent government regulations associated with greenhouse gas emission by vehicles.
Many government bodies around the world, such as European Commission and Environmental Protection Agency (EPA) have imposed strict regulations regarding greenhouse gas emission, which is expected to benefit the automotive regenerative braking systems market during the forecast period. In addition, the performance advantages offered by these braking systems over conventional ones, such as reduced excessive wear and tear of the braking unit is also driving the market growth.
Based on storage type, the automotive regenerative braking systems market is categorized into battery, flywheel, hydraulics, and ultracapacitors.
The batteries category is estimated to hold the largest share in the market, with around 75% contribution in 2017. High usage of battery-based RBS system in passenger cars is the major factor driving the growth of this category. However, in terms of growth, ultracapacitors are expected to lead the market during the forecast period, owing to better charge-discharge capability than batteries, and their ability to run at lower temperature (till -40 degree Celcius).
On the basis of vehicle type, the automotive regenerative braking systems market is categorized into passenger cars and commercial vehicles.
Passenger car has been the dominant category in terms of share, with an estimated contribution of more than 90% in 2017. Each vehicle type is further categorized on the basis of storage type into batteries, flywheel, hydraulics, and ultracapacitors. In most of the passenger cars equipped with these braking systems, battery is the dominant storage type, with an estimated contribution of more than 70% in 2017.
- Continental AG
- DENSO Corporation
- Eaton Corporation Plc
- Magneti Marelli S.p.A.
- Maxwell Technologies Inc.
- Robert Bosch GmbH
- Aisin Seiki Co. Ltd.
- Autoliv Nissin Brake Systems
- Skeleton Technologies
- ZF Friedrichshafen AG
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