December 07, 2020
According to the recent research report titled ‘Automotive Regenerative Braking Market Size By Type , By Propulsion, By Vehicle, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026’, available with Market Study Report LLC, global automotive regenerative braking market is projected to record substantial growth between 2019 and 2026.
Technological advancements and growing adoption of this braking system in electric & hybrid vehicles are primarily stimulating the growth of global automotive regenerative braking market.
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For those uninitiated, automotive regenerative braking is a method in which electric motor which usually drives a hybrid or electric vehicle is ran in reverse at the time of braking or coasting. The motor here works as a generator charging onboard batteries through electrical energy, rather than utilizing energy to power the vehicle.
Notably, regenerative brakes are assessed based on their efficiency as well as effectiveness. Efficiency is measured with reference to amount of lost energy seized by the regenerative braking during the time of braking. While, effectiveness is the measure of the impact the regenerative braking makes.
Automotive regenerative brakes are commonly used in stop & go conditions. Hybrid and electric cars have friction brakes which function as a back-up system in conditions where the regenerative braking fails to provide enough power to come to a pause. In such a situation, it is essential that the driver knows the brake pedal could function in a different way to the pressure.
Based on type, hydraulic regenerative braking segment in automotive regenerative braking market is slated to grow decently over the forthcoming years, owing to optimal engine speed along with low energy conversions. It is designed for a set of hydraulic hybrid vehicle. Citing an instance, Ford Motor Company and Eaton Corporation presented a new type of regenerative braking system called HPA (hydraulic power assist).
From a regional perspective, Europe accounted for 8% revenue share of global automotive regenerative braking market in 2019, attributable to concentration of several automotive manufacturers that fast-track availability of the electric vehicles in the region.
On the other hand, Middle East & Africa automotive regenerative braking industry is slated to grow substantially through 2026, thereby plummeting the nation’s reliance on conventional fuel.
Some of the well-established companies in global automotive regenerative braking market are ZF FRIEDRICHSHAFEN AG, Hyundai Mobis Co. Ltd., Aisin Seiki Co. Ltd., Robert Bosch GmbH, Denso Corporation, Delphi Automotive PLC, Continental AG, and Magna International Inc.