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How Is The Regenerative Braking Systems Market Expected To Grow In Terms Of Size?

The market size for regenerative braking systems has experienced a significant escalation in the past few years. The market is projected to expand from $7.59 billion in 2024 to $8.5 billion in 2025, growing at a compound annual growth rate (CAGR) of 12.1%. The customary period’s growth can be credited to the heightened sales of electric vehicles, progression in the worldwide automotive industry, escalating fuel costs, the emergent inclination towards pure electric zero emission, and the rise in disposable income.

Anticipated to experience swift expansion in the upcoming years, the regenerative braking systems market is forecasted to reach a value of $13.6 billion by 2029, with a compound annual growth rate (CAGR) of 12.5%. The noteworthy growth during the projected period can be credited to factors such as increased demand for hybrid electric vehicles and passenger cars, stringent regulations from governments, government-provided incentives promoting higher utilization of EVs, rising consciousness about climate change, and the escalation of traffic congestion due to speedy urbanization. Major trends expected during this forecast period are the implementation of sophisticated control systems, the application in public transportation, emphasis on light yet sturdy materials, proliferation in emerging markets, and innovative strategies being employed in the regenerative braking in EVs.

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What External And Internal Drivers Are Influencing The Regenerative Braking Systems Market?

The escalating need for eco-friendly transport options is projected to stimulate the development of the regenerative braking systems market. These sustainable transport alternatives comprise vehicles and systems that consume less energy while commuting, contributing to lessened fuel consumption and pollution. Commonly used options include electric vehicles, hybrid vehicles, electric buses, and electric trains, among others. This rising popularity of sustainable transport is driven by mounting worries about environmental harm and escalating fossil fuel costs. As awareness regarding climate alterations and air contamination widens, both citizens and governments alike are moving towards ways to lessen their carbon emissions and ecological impact, steering towards much cleaner, energy-saving transportation. Regenerative braking systems function within these eco-friendly transport alternatives by seizing and altering the kinetic energy, which is usually lost as heat during braking, into electrical energy. For example, in April 2023, the International Energy Agency (IEA), a France-based governmental agency, published a report stating that global electric vehicles accounted for 14% of all new car sales in 2022, a rise from 9% in 2021. Therefore, the escalating demand for eco-friendly transportation alternatives is propelling the regenerative braking systems market.

What Segmentation Insights Are Provided In The Regenerative Braking Systems Market Research?

The regenerative braking systemsmarket covered in this report is segmented –

1) By Component: Battery, Motor, Electronic Control Unit (ECU), Flywheel

2) By Propulsion: Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV)

3) By Vehicle Type: Passenger Car (PC), Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)

Subsegments:

1) By Battery: Lithium-Ion Battery, Nickel-Metal Hydride Battery, Lead Acid Battery, Solid-State Battery

2) By Motor: Permanent Magnet Synchronous Motor (PMSM), Induction Motor, Switched Reluctance Motor, Axial Flux Motor

3) By Electronic Control Unit (ECU): Motor Control Electronic Control Unit (ECU), Battery Management Electronic Control Unit (ECU), Integrated Control Electronic Control Unit (ECU), Adaptive Control Electronic Control Unit (ECU)

4) By Flywheel: Composite Flywheel, Steel Flywheel, Carbon Fiber Flywheel, High-Speed Flywheel

Which Notable Trends Are Transforming The Regenerative Braking Systems Market Outlook?

Leading corporations engaged in the regenerative braking systems market are concentrating on the creation of groundbreaking technological products like advanced energy recovery technology to boost braking efficiency and energy recapture. The advanced energy recovery technology is a system that captures wasted energy during braking to improve efficiency, conserves power, extends driving range, and minimizes brake wear. For example, in September 2024, Cummins Inc., an American public manufacturing company, introduced the integrated brake chopper & resistor (iBCR), a new resilience braking system aimed at improving the safety and efficiency of commercial electric vehicles. This inventive system enhances the braking performance by incorporating advanced energy recovery technology, enabling vehicles to recycle the braking energy more effectively.

Which Firms Are Driving Innovation Within The Regenerative Braking Systems Market?

Major companies operating in the regenerative braking systems market are Volkswagen AG, General Motors Company, Honda Motor Co Ltd, SAIC Motor Corporation Limited, Hyundai Motor Company, Robert Bosch GmbH, Tesla Inc, Nissan Motor Co Ltd, Kia Corporation, BYD Company Limited, Tata Motors Limited, Renault Group, Volvo Group, Denso Corporation, Continental AG, Mitsubishi Electric Corporation, Mazda Motor Corporation, Suzuki Motor Corporation, Subaru Corporation, Aisin Corporation, Geely Automobile Holdings Limited, Mitsubishi Motors Corporation, Stellantis NV, Toyota Motor Corporation, Mahindra and Mahindra Limited, BorgWarner Inc, Hitachi Astemo Ltd

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Which Regional Markets Are Emerging As Key Hubs For The Regenerative Braking Systems Market?

Asia-Pacific was the largest region in the regenerative braking systems market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the regenerative braking systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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