Global Exhaust Heat Power Generation System Market- Forecast and Analysis (2020-2027)
Global Exhaust Heat Power Generation System Market size was valued at US$ XX Bn. in 2019 and the total revenue is expected to grow at 7.45% from 2019 to 2027, reaching nearly US$ XX Bn.
Global Exhaust Heat Power Generation System Market
The report study has analyzed the revenue impact of the COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Global Exhaust Heat Power Generation System Market: Market Overview
The internal combustion engine are not able to convert whole chemical energy into mechanical power. Approximately, 26% of heat energy is transferred to the exhaust system of the vehicle. The exhaust heat power generation system is utilized to exhaust heat to generation of electricity which is used by car battery. This system helps to enhance fuel efficiency and reduce load on the alternator of the car.
Global Exhaust Heat Power Generation System Market: Market Dynamics
The governments of several nations across the world have enacted stringent regulation for pollutant gas emission due to combustion of fuels that include petrol, gasoline, diesel fuel and so on. BS6 and Euro6 are the latest regulations to reduce emission of hazardous gases such as nitrogen oxide, carbon monoxide and others from the vehicle. Several OEMs across the globe focused on exhaust heat recovery system by thermoelectric generators. In addition, a significant growth of automotive industry across the world with rapid urbanization, the demand of vehicles also increases, resulting in rising the demand of exhaust heat power generation system. These are the major factors which anticipated to drive the growth of the global exhaust heat power generation system market during the forecast period.
Rising the preference toward electric vehicle for zero emission, they are powered by battery system and not required fueled powered engine vehicle which hinder the growth of this market. The cost of this technology is high hampering the growth of the market. The impact of pandemic COVID-19 on world economy, also affects the automobile sector, the disruption in the product supply chain creates problems for manufacturers also hinder the growth of the market during the forecast period. These are the key factors working as restrain for global exhaust heat power generation system market during the forecast period.
Global Exhaust Heat Power Generation System Market: Market Segmentation
The thermo electric generators are utilized to extract exhaust heat to generate the electricity which is used to charge the battery of vehicle and used for various electronics applications. The heat pipes and thermo electric generation system is used in combination to produce more exhaust heat power generation system. Increase in the sales of passenger vehicle across the world, in turn passenger vehicle segment of vehicle type is subjected to the highest growth rate during the forecast period. The diesel engine vehicle is banned by several nations and higher is the sales of gasoline engine vehicle because of light weight and less fuel consumption. Thus, the gasoline segment of propulsion is anticipated to hold the major shares of the global exhaust heat power generation system market over the forecast period.
Global Exhaust Heat Power Generation System Market: Regional Analysis
North America is dominating the global exhaust heat power generation system market during the forecast period. Strict emission norms for improving the fuel efficiency of vehicle by several government of this region propels the exhaust heat power generation system. Rising disposable income and high adoption rate of advanced technology among the people of this region are contributing factor to market growth. The presence of major players of this market in this region with increasing awareness about fuel efficiency are the major factors which anticipated the growth of the exhaust heat power generation system market in this region. Asia Pacific held substantial share of this market due to high production of passenger vehicles.
The objective of the report is to present a comprehensive analysis of the Global Exhaust Heat Power Generation System Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Exhaust Heat Power Generation System Market dynamics, structure by analysing the market segments and projects the Global Exhaust Heat Power Generation System Market size. Clear representation of competitive analysis of key players by Propulsion, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Exhaust Heat Power Generation System Market make the report investor’s guide.
Scope of the Global Exhaust Heat Power Generation System Market
Global Exhaust Heat Power Generation System Market, by Technology
• Thermo electric generators
• Heat pipes
Global Exhaust Heat Power Generation System Market, by Vehicle type
• Light Commercial Vehicle
• Heavy Commercial Vehicle
• Passenger Vehicle
Global Exhaust Heat Power Generation System Market, by Propulsion
Global Exhaust Heat Power Generation System Market, by Region
• Asia Pacific
Rest of Asia
• North America
Rest of Europe
• South America
Rest of South America
• Middle East & Africa
Rest of MEA
Global Exhaust Heat Power Generation System Market, Key Players
• Tenneco Inc.
• AVL LIST GmbH
• General Electric
• Boustead International
• Promec, HRS
• Climeon AB
• Bosch Thermotechnology
• Aura GmbH
• IHI Corporation
Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Name: Vikas Godage
Organization: Maximize Market Research Pvt.Ltd.Pune
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