As per the World Health Organization, air pollution kills more than 7 million people every year. The oxides of sulfur, carbon, and nitrogen, which are emitted by vehicles, houses, and industries, cause several diseases, such as lung cancer, chronic obstructive pulmonary disease (COPD), and asthma. Further, such pollutants also lead to greenhouse effect and ozone depletion, which are together responsible for climate change and global warming. To prevent things from worsening, many government organizations are implementing strict regulations regarding emissions from vehicles.

For instance, the European Union (EU), in 2015, set a target to decrease emissions from all passenger cars to 95 g/km, by 2021, failing which, automakers will face fines for every extra gram of CO2 emitted. The carbon emissions can be decreased by using advanced automotive technology, such as the regenerative braking system (RBS). It converts the kinetic energy of the moving vehicle into electricity, which is wasted during conventional, friction-based braking. The generated electricity is then used for switching the engine on or off or powering equipment such as vehicle air conditioning and infotainment systems.

A huge potential for RBS manufacturers lies in Asia-Pacific (APAC), with countries such as China, South Korea, and Japan, already having imposed stringent fuel efficiency and anti-carbon emission regulations. In the region, the automotive regenerative braking systems market growth in China is expected to be the fastest. The key reason behind it would be the increasing sale of electric vehicles, a lot of which are integrated with the braking technology, along with the strong focus on improving the fuel efficiency of conventional vehicles.

Hence, RBS manufacturers stand to benefit from the strict government policies, related to emission and fuel-efficiency, across the world.

The research offers market size of the global automotive regenerative braking systems market for the period 2016–2023.

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GLOBAL AUTOMOTIVE REGENERATIVE BRAKING SYSTEMS MARKET

By Storage Type – Battery, Flywheel, Hydraulics, and Ultracapacitors
By Vehicle Type – Passenger Cars and Commercial Vehicles
By Region – North America, Europe, Asia-Pacific, and Rest of the World (RoW)