"Market Intelligence for High-Geared Performance"

China Automotive Energy Recovery System Market Size, Share & COVID-19 Impact Analysis, By Subsystem (Turbocharger, Exhaust Gas Recirculation (EGR) and Regenerative Braking System), By Propulsion (ICE and Electric), By Vehicle (Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles), and Regional Forecast, 2023-2030

Last Updated: October 21, 2024 | Format: PDF | Report ID: FBI108028

 

KEY MARKET INSIGHTS

The China automotive energy recovery system market is projected to grow at a CAGR of 20.2% during the forecast period.


The growth of the market has been attributed to the rising electric vehicle sales in China. Moreover, increasing partnerships and collaboration among different automotive manufacturers and suppliers to expand their distribution channel and global reach is further projected to propel the demand for the overall market. Due to the availability of raw materials at low cost and being the automotive hub, the Chinese automotive energy recovery system market is expected to lead in the forecast period.


LATEST TRENDS


Government Support for Electric Vehicles Thrives on Market in China.


The government of China has set aggressive targets for electric vehicle adoption and has provided significant financial support for the development and deployment of electric vehicles. This fuels the energy recovery system market, which are critical components in electric and hybrid vehicles. Moreover, automobile manufacturers are currently focused on producing advanced automotive energy recovery systems market by vehicle type, such as passenger cars and commercial vehicles. The companies are focused on increasing the energy optimization and making fuel efficient vehicles.


DRIVING FACTORS


Growing Electric Vehicle Market in China Fuels the Market Growth


China accounts for the largest market for electric vehicles, with the government aiming to have 50% of all new vehicle sales be electric by 2035. For instance, in 2021, the number of electric vehicles sold in China was 3.3 million, almost thrice the vehicle sales in 2020, at around 1.16 million. Energy recovery systems, such as regenerative braking and kinetic energy recovery systems (KERS), are critical components in electric vehicles, as they help extend their driving range and improve overall efficiency. Thus, China accounts for a significant market size in the global automotive energy recovery market, which fuels the growth of the energy recovery systems industry in the country.


RESTRAINING FACTORS


Lack of Standardization Affects the Market in the Country


There are no universal standards for energy recovery systems, which could limit their adoption by OEMs and create challenges for repair facilities. The lack of standardization could also lead to interoperability issues, making it difficult for energy systems to be used across different vehicle models and brands. Thus, restraining the China automotive energy recovery market growth.


KEY INDUSTRY PLAYERS


In terms of the competitive landscape, Tenneco Inc., Honeywell Corporation, and Cummins Inc. are the key players in the China market, thanks to strong product offerings and active involvement in R&D investments to accelerate product launches and approvals in the forecast period. These companies are focused on strengthening their product portfolio and distribution network through strategic collaboration and partnerships to increase their China automotive energy recovery system market share.


LIST OF KEY COMPANIES PROFILED:



  • Energy Recovery, Inc. (U.S.)

  • GP TURBO CHARGER (China)

  • Fengcheng Pacific Shenlong Turbocharger Co., Ltd. (China)

  • Garett Motion (Switzerland)

  • IHI Turbo America (U.S.)

  • Robert Bosch GmbH (Germany)

  • CME Auto Co., Ltd. (China)

  • Refone Auto Power Co., Ltd. (China)

  • Wuxi Huakang Power Machinery Co., Ltd. (China)

  • SHENGYI INDUSTRY CO., LTD. (China)


KEY INDUSTRY DEVELOPMENTS: 



  • December 2022 – General Motors launched two variants of the 2023 Cadillac CT4 in China. The new vehicle is equipped with a 1.5L engine and a turbocharger.

  • December 2022 – Turbo Tec established its joint venture Turbocharger plant in China.


REPORT COVERAGE


To gain extensive insights into the market, Request for Customization


The market report provides qualitative and quantitative insights on the market and a detailed analysis of the China market size & growth rate for all possible segments in the market. Along with the China automotive energy recovery system market forecast, the research report provides an elaborative analysis of the market dynamics and competitive landscape. Various key insights transpired in the report are overview of the number of procedures, an overview of price analysis of types of products, overview of the regulatory scenario by key countries, pipeline analysis, new product launches, key industry developments – mergers, acquisitions & partnerships and, the impact of COVID-19 on the market.


Report Scope & Segmentation
















































  ATTRIBUTE



  DETAILS



Study Period



2019-2030



Base Year



2022



Estimated Year



2023



Forecast Period



2023-2030



Historical Period



2019-2021



Growth Rate



CAGR of 20.2% from 2023 to 2030



Unit



Value (USD Billion)



Segmentation



By Subsystem



  • Turbocharger

  • Exhaust Gas Recirculation (EGR)

  • Regenerative Braking System



By Propulsion



  • ICE

  • Electric



By Vehicle



  • Passenger Cars

  • Light Commercial Vehicles

  • Heavy Commercial Vehicles






Frequently Asked Questions

The market is estimated to grow at a CAGR of 20.2% during the forecast period 2023-2030.

Increasing production and sales of electric vehicles fuels market growth.

Energy Recovery, Inc., GP TURBO CHARGER and Fengcheng Pacific Shenlong Turbocharger Co., Ltd. are leading players operating in the China market.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts
Speak to an Expert
  • 2019-2030
  • 2022
  • 2019-2021
  • 100
Multi-report Purchase Plan
    A Customized Plan Will be Created Based on the number of reports you wish to purchase
Automotive & Transportation Clients
Hitachi
KIA
Toshiba
GM
Asahi
Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X