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(I-AutoNewsWire.com, December 19, 2018 ) The exhaust heat recovery system market for automotive is dominated by a few globally established players such as BorgWarner (US), Continental (Germany), Faurecia (France), Denso (Japan), and MAHLE (Germany). The existing and upcoming stringent emission norms are driving the exhaust heat recovery system market.
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The global exhaust heat recovery system market, in terms of value, is expected to grow at a CAGR of 10.38% during the forecast period. It is estimated to be USD 32.54 billion in 2018 and is projected to reach USD 64.94 billion by 2025.
Existing and upcoming stringent emission norms are driving exhaust heat recovery system market. In addition to above factors, increasing production of commercial vehicles could be potential market for EHRS technologies particularly for future technologies like ORC and TEG. Even future technology like ORC is expected to get commercialized for commercial vehicles first. These factors are driving the EHRS market.
Technological Overview 1 Introduction 2 Engine Technologies vs Exhaust Heat Recovery System 3 Dana’s Thermal Management Solution (Eghr System) 4 Borgwarner’s Exhaust Heat Recovery System (EHRS)
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The growth in the off-highway segment can be observed with the increase in the infrastructural activities across the globe. This has increased demand for the construction equipment, which has subsequently boosted the technologies and components market. With the introduction of new emission norms, off-highway vehicles are mandated to be under emission limits, which has positively impacted the EHRS market.
Target Audience • Component suppliers for exhaust heat recovery system • Dealers and distributors of exhaust heat recovery system • Exhaust heat recovery system technology suppliers • Government regulatory authorities • Industry associations • Raw material manufacturers of exhaust heat recovery system components (suppliers for tier I) • Regional manufacturer associations
More Information on “Exhaust Heat Recovery System Market by Technology (EGR, Turbocharger, ORC, TEG), Component (EGR Valve & Cooler, Turbine, Compressor, Evaporator, Condenser, TEG Module), Vehicle (PC, LCV, Truck, Bus, Hybrid, OHV) and Region - Global Forecast to 2025” research https://www.reportsnreports.com/purchase.aspx?name=1741693 .
EGR cooler contributes a major share of the total EGR cost, which is higher than that of other components of EHRS technologies. EGR cooler reduces the temperature of exhaust gas, which helps in reducing the NOx. Due to these reasons, EGR cooler is expected to be the largest market for the exhaust heat recovery system.
Drivers
• Introduction of stringent emission regulations • Emission regulation for on-road vehicles • Emission regulation for off-road vehicles • Growing demand for diesel vehicles, especially in the commercial vehicle segment, to foster the growth of EHR systems
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Source: EmailWire.Com
Source: EmailWire.com
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