Global Automotive Regenerative Braking System Market: Focus on Battery, Flywheel, Ultracapacitor, and Passenger car Application - Analysis and Forecast: 2017 - 2026
Owing to the increase of vehicle sales during the past few year, the contribution of automotive industry in the greenhouse gas (GHG) emission has increased. The increasing content of GHG is causing severe environmental problems such as global warming and negative effect on climate change. The rising level of GHG created a demand to limit the GHG emission by vehicles. Several legislative bodies across the world issued rules and regulations to curb the GHG emission by vehicles. Regenerative braking systems (RBS), when used as one of the engine component of the vehicle not only decreases the GHG emission but also increases the fuel efficiency. Hence to adhere with the strict regulations, an increase in the adoption of RBS is witnessed in the automotive industry. This in turn increased the number of product launches, merger, acquisitions and collaborations pertaining to automotive RBS. The market value of automotive RBS is anticipated to reach $24.52 billion by 2026. The global automotive RBS market is compilation of several segmentations including market breakdown by storage type, vehicle type, and different geographical regions.
A detailed market analysis and forecast with respect to different energy storage types used in a RBS is done. While highlighting the key driving and restraining forces for this market, the report also provides a detailed study of RBS in different types of vehicles, which include passenger and commercial vehicles. The report provides the market analysis and forecast of automotive RBS in different regions, along with the country wise segmentation.Further, the report addresses the following key questions about the global automotive RBS market:
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