DUBLIN--(BUSINESS WIRE )--The "Automotive Energy Recovery System Market By Vehicle Type, By Product Type: Global Opportunity Analysis and Industry Forecast, 2020-2030" report has been added to ResearchAndMarkets.com's offering.

According to this report the automotive energy recovery system market was valued at $22.4 billion in 2020, and is estimated to reach $45.5 billion by 2030, growing at a CAGR of 7.4% from 2021 to 2030.

The automotive energy recovery system is used to recover the moving vehicle's kinetic energy under braking and convert it into electrical energy stored in a battery, supercapacitor, or mechanical energy in a flywheel. It increases the energy optimization of the vehicle by recycling exhausted gases.

Automobile manufacturers are currently focused on producing advanced automotive energy recovery systems with a high-efficiency rate and low cost. For instance, in August 2019, Hyundai Motor Group launched the world's first Continuously Variable Valve Duration (CVVD) technology in Smartstream G1.6 T-GDi Engine, an I4 gasoline turbo unit with 180 horsepower & 27.0kgm of torque that offers exhaust gas recirculation to optimize fuel efficiency.

Furthermore, the adoption & popularity of regenerative braking systems (RBS) in electric buses exhibits a high mile range & initiatives taken by the governments for environment-friendly buses across the world, such as hybrid buses or electric buses, foster energy recovery system market opportunity in the heavy vehicles segment.

The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the critical areas of investment. In addition, it includes Porter's five forces analysis to understand the competitive scenario of the industry and the role of each stakeholder.

The report also features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain the intense competition in the industry.

For more information about this report visit https://www.researchandmarkets.com/r/m7ohul

ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900