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Automotive Regenerative Braking Systems Market growth to be most rapid in China and Japan

Automotive Regenerative Braking Systems Market

Automotive Regenerative Braking Systems Market Driven by Strict Fuel-Efficiency Norms

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.

In 2017, the automotive regenerative braking systems market witnessed revenue of $6,555.6 million, which is predicted to grow to $18,228.3 million by 2023. As RBS substantially reduces the load on the engine by charging the batteries and supplying power to other vehicle systems, it is being seen as the ideal technology for making vehicle fuel-efficient and comparatively eco-friendly.

An increasing number of manufacturers are installing RBS in their internal combustion engine as well as electric vehicles, as the technology helps save considerable amounts of energy.

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RBS can conserve up to half of the total mechanical energy of the moving vehicle, and it also leads to up to 30% reductions in fuel consumption. The growing number of vehicles on the roads, which are together contributing to air pollution, is making the incorporation of such advanced automotive technologies necessary, in order to curb the emissions.

Several regulations have also been imposed to achieved an enhanced fuel-efficiency; for instance, in 2015, the EU made it mandatory for passenger cars to use only 4.1 liters of petrol or 3.6 liters of diesel for travelling 100 km, till 2021. Similarly, the diesel consumption limit for commercial vehicles has been set at 5.5 liters for every 100 km, till 2020.

Compared to commercial vehicles, passenger cars display a higher rate of RBS integration currently, and even during 2019–2025, a higher number of passenger cars will have RBSs. However, the integration of RBS is set to surge faster in commercial vehicles, as they are comparatively more polluting.

The heavier the vehicle, the greater the engine power required, and therefore higher is the fuel consumption and resulting emission rate. As the increasing population leads to the growth of the logistics sector, more commercial vehicles will be on the roads in the future, which means more amounts of pollutants, thereby making the integration of RBS necessary.

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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.

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