Emphasis on Type (Electric Regenerative Braking Systems (ERB) and Mechanical Regenerative Braking Systems (MRB), Component (Power Inverter, Motor, Power Electronics Controller, and DC Motor Controller System), Propulsion Type (BEV and HEV/PHEV), Vehicle Type (Passenger Car, Two-Wheeler, And Commercial Vehicle), and Region/Country
The Regenerative Braking System Market was valued at 10.74 billion in the year 2022 and is expected to grow at a steady rate of around 22.17% during the forecast period (2023-2030), owing to the rising electric vehicle adoption globally. Furthermore, the regenerative braking system has several advantages over traditional braking systems. It allows for more efficient use of energy, as the kinetic energy generated by the brakes is converted into electrical energy rather than being lost as heat. It also allows for longer vehicle range, as the stored electrical energy can be used to power the vehicle’s electric motor, extending the vehicle’s range. Moreover, trends such as improving battery technology, rising focus on sustainability, increasing urbanization, and increasing demand for the connected and autonomous vehicles is further driving up the demand for the regenerative braking system in the market with the growing demand for the electric vehicles. For instance, In the US, at the end of 2021, roughly 2 million electric light-duty vehicles were on the road — including 700,000 plug-in hybrid electric vehicles (PHEVs).
Some of the major players operating in the market are AISIN CORPORATION; Continental AG; HYUNDAI MOBIS; MAZDA; TOYOTA MOTOR CORPORATION; Robert Bosch GmbH; DENSO CORPORATION; ZF Friedrichshafen AG; BorgWarner Inc.; and ABB. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst Type, the electric regenerative braking systems (ERB) segment holds the majority of the market share in 2022.”
Based on type, the market is bifurcated into electric regenerative braking systems (ERB) and mechanical regenerative braking systems (MRB). Among these, the electric regenerative braking system has a high market share in 2022 and will dominate during the forecast period. This is due to ERB being more efficient than MRB because it uses the vehicle’s electric motor to generate electricity, which is more efficient than using a mechanical device. This means that ERB can recover more energy from braking and recharge the battery more effectively. Furthermore, ERB systems are considerably safer and more reliable than the MRB system and hence can provide smoother braking experience and improve overall safety on the roads.
“Amongst Component, the Inverter and Motor segment holds the majority of the market share in the year 2022.”
Based on components, the market is segmented into power inverter, Motor, power electronics controller, and DC motor controller system. Among these, motor and power inverters hold most of the market share in value terms as well as are two of the key components responsible for the most efficient power generation from the regenerative braking system. The electric motor creates resistance to partially slow the car, the motor must be designed to operate at the optimal speed and voltage for the regenerative braking process. This can be achieved using advanced control systems, which can optimize the energy recovery process and improve the overall efficiency of the system, and this is where the power inverters become an integral part of the system.
“APAC holds the majority of the market period in the year 2022.”
The region with the largest market for regenerative braking system is APAC, where half of the electric vehicle sold worldwide was alone in China in 2022. Furthermore, rising charging infrastructure, and governments incentives and subsidies is further boosting the demand for electric vehicles in the APAC region. Moreover, increasing urbanization and affordability of the populace in these regions is also one of the major driving factors pushing up the demand for the electric vehicles in the region, which in turn is boosting the demand for the regenerative braking systems as well in the market. In addition to this huge presence different manufacturers in the electric vehicle segment is further moving the demand by providing options to the consumers as per their need and want, with huge number of product launches at every price points and designs.
Regenerative Braking System Market Report Coverage
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1. Market Introduction
2. Research Methodology Or Assumptions
3. Market Synopsis
4. Executive Summary
5. Global Regenerative Braking System Revenue, 2020-2030f
6. Market Insights By Type
7. Market Insights By Component
8. Market Insights By Propulsion Type
9. Market Insights By Vehicle Type
10. Market Insights By Region
11. Regenerative Braking System Dynamics
12. Regenerative Braking System Opportunities
13. Regenerative Braking System Trends
14. Demand And Supply-side Analysis
15. Value Chain Analysis
16. Pricing Analysis
17. Competitive Scenario
18. Company Profiled
19. Disclaimer
Research Methodology for the Regenerative Braking System Market Analysis (2023-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global regenerative braking system market were the three major steps undertaken to create and analyze the adoption of regenerative braking systems in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global regenerative braking system market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
A detailed secondary study was conducted to obtain the historical market size of the regenerative braking system market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the regenerative braking system market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type, component, propulsion type, and vehicle type. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the regenerative braking system market. Further, we conducted factor analysis using dependent and independent variables such as type, component, propulsion type, and vehicle type of the regenerative braking system market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the regenerative braking system market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global regenerative braking system market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global regenerative braking system market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the type and end-user in the global regenerative braking system market.
The main objective of the Global Regenerative Braking System Market Study
The current & future market trends of the global regenerative braking system market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
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