Recently published market study research titled Global Regenerative Braking Systems Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024 by Fior Markets is encapsulated on the basis of estimation of key market segments in the forecast horizon. The report forecast a conclusive study on the specified market, offering an estimation of the overall market size from 2019 to 2024.
Regenerative Braking System (RBS) is a mechanism that uses a generator to recover kinetic energy while braking. In conventional vehicles, most of the kinetic energy generated during braking is converted into heat and is dissipated into the environment. RBS helps in converting the generated heat into electrical energy and further store it in an energy storage system such as flywheel, batteries, and ultra-capacitors.
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Scope of the Report:
In the last several years, global market of regenerative braking systems developed rapidly, with an average growth rate of 9%. In 2016, global revenue of regenerative braking systems is nearly 699 M USD; the actual consumption is about 2451 K units.
The global average price of regenerative braking systems is in the decreasing trend, from 317 USD/Unit in 2012 to 258 USD/Unit in 2016. With the situation of global economy, prices will be in decreasing trend in the following five years.
The classification of regenerative braking systems includes ESC based system, ABS based system and other type, and the proportion of ESC based system in 2016 is about 89%.
Regenerative braking systems are widely used in HEV, BEV, PHEV and other vehicles. The most proportion of regenerative braking systems is HEV, and the consumption proportion in 2016 is about 69%.
Japan is the largest consumption place, with a consumption market share nearly 39% in 2016. Following Japan, China is the second largest consumption place with the consumption market share of 22%.
Market competition is intense. ADVICS, Bosch, Continental, Hitachi, TRW, etc. are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.
The worldwide market for Regenerative Braking Systems is expected to grow at a CAGR of roughly 9.0% over the next five years, will reach 1290 million US$ in 2024, from 770 million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Regenerative Braking Systems in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Reasons to Buy this Report:
- Identify the dominating and the fastest developing regions in the global Regenerative Braking Systems market and their growth trends during the forecast period (2019 to 2024)
- To assess various perspectives of the market with the help of Porters five forces analysis
- Identify the latest developments, market shares, and strategies employed by the major market players
- To discover regions that are expected to witness the efficient growth during the forecast period
Overarching data related to the foremost players’ in the market are also presented in this research report which includes market share, product offering, new developments and SWOT analysis of the major players. Furthermore, the report expands and formulates market strategies by investing in ultimate partners to influence and traverse business potentials and scope. It adds technological innovations and pinpoints analysis for ever-changing competitive dynamics. Last part of the report describes production, consumption, and rate by product kind and applications forecast year from 2019 to 2024.
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