According to a new report, published by KBV research, The Global Automotive Regenerative Braking System Market size is expected to reach $14.86 billion by 2031, rising at a market growth of 11.8% CAGR during the forecast period.
Governments worldwide are accelerating the electrification of public transport by replacing diesel buses with electric and hybrid buses equipped with regenerative braking systems. This transition is motivated by the imperative to diminish carbon emissions, decrease petroleum expenditure, and enhance the quality of urban air. Regenerative braking is crucial in enhancing energy efficiency by capturing and reusing kinetic energy lost during braking, extending battery life, and reducing the need for frequent charging.
The Battery Electric Vehicles (BEV) segment is experiencing a CAGR of 11.4 % during the forecast period. As BEVs rely entirely on electric power, regenerative braking plays a critical role in energy efficiency, helping extend the driving range by recovering kinetic energy during braking. The rapid expansion of EV charging infrastructure, the development of high-energy-density batteries, and growing consumer awareness of sustainable mobility solutions have further accelerated BEV adoption.
The Passenger Car segment led the maximum revenue in the Global Automotive Regenerative Braking System Market by Vehicle Type in 2023, thereby, achieving a market value of $10.9 billion by 2031. Governments worldwide are implementing stringent emission regulations and offering incentives to encourage the adoption of battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), both of which rely on regenerative braking for improved efficiency.
The Battery segment is growing at a CAGR of 11.3 % during the forecast period. The increasing demand for high-capacity lithium-ion batteries in modern vehicles enhances regenerative braking efficiency by allowing greater energy storage and reuse. Governments worldwide are implementing stringent emission regulations and offering EV incentives, further boosting battery integration in regenerative braking systems.
Full Report: https://www.kbvresearch.com/automotive-regenerative-braking-system-market/
The Asia Pacific region dominated the Global Automotive Regenerative Braking System Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $806.3 million by 2031. The North America region is anticipated to grow at a CAGR of 10.9% during (2024 - 2031). Additionally, The Europe region would witness a CAGR of 11.5% during (2024 - 2031).
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