Exhaust Heat Recovery System Market Growth Opportunities At a CAGR of 6.1% By 2031

Exhaust Heat Recovery System Market

Surge in demand for engine performance and fuel efficiency to drive the growth of the global exhaust heat recovery system market.

WILMINGTON, NEW CASTLE, DE, UNITED STATES, October 30, 2024 /EINPresswire.com/ -- The 𝐄𝐱𝐡𝐚𝐮𝐬𝐭 𝐇𝐞𝐚𝐭 𝐑𝐞𝐜𝐨𝐯𝐞𝐫𝐲 𝐒𝐲𝐬𝐭𝐞𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape, and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners, and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market. The global exhaust heat recovery system market was valued at $16.1 billion in 2021, and is projected to reach $28.7 billion by 2031, growing at a CAGR of 6.1% from 2022 to 2031.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (𝐆𝐞𝐭 𝐅𝐮𝐥𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐢𝐧 𝐏𝐃𝐅 - 379 𝐏𝐚𝐠𝐞𝐬) 𝐚𝐭: https://www.alliedmarketresearch.com/request-sample/A17395

The prominent key factors that drive the growth of the exhaust heat recovery system market are increase in demand for engine performance and fuel efficiency and engine downsizing to reduce vehicle weight. The market economy is also responsible for the growth of the market. Countries such as China, India, Brazil, and South Africa are developing economies. Thus, the manufacturing sector witnessed prominent growth in these countries, which is expected to provide lucrative opportunities for the growth of the automotive industry which in turn is expected fuel the market. In addition, in some undeveloped countries, there is an increase in the production and sales of vehicles, which is expected to boost the exhaust heat recovery system market.

The report offers a detailed segmentation of the global exhaust heat recovery system market size based on technology, mode, vehicle type, components, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on the fastest-growing segments and highest revenue generation that is mentioned in the report.

𝐁𝐮𝐲 𝐍𝐨𝐰 & 𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 : https://www.alliedmarketresearch.com/exhaust-heat-recovery-system-market/purchase-options

Exhaust heat recovery system market is segmented on the basis of technology, mode, vehicle type, component, and region. On the basis of technology, it is divided into conventional technology, and future technology. By mode, it is divided into exhaust gas recirculation (EGR), turbocharger, organic Rankine cycle, and thermoelectric generator. By vehicle type, it is segmented into passenger car, light commercial vehicle, truck, and buses. By component, it is divided into EGR component, turbocharger component, organic Rankine cycle component, and thermoelectric generator component. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

On the basis of vehicle type, the truck segment held the largest market share in 2021, accounting for more than one-third of the global exhaust heat recovery system market share and is expected to maintain its leadership status during the forecast period. Nevertheless, the buses segment, is expected to cite the highest CAGR of 7.3% during the forecast period.

𝐓𝐡𝐞 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐩𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞

𝐁𝐨𝐫𝐠𝐖𝐚𝐫𝐧𝐞𝐫, 𝐒𝐜𝐡𝐚𝐞𝐟𝐟𝐥𝐞𝐫, 𝐂𝐥𝐞𝐚𝐧 𝐃𝐢𝐞𝐬𝐞𝐥 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬, 𝐈𝐇𝐈 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧, 𝐄𝐛𝐞𝐫𝐬𝐩𝐚𝐞𝐜𝐡𝐞𝐫, 𝐕𝐀𝐋𝐄𝐎, 𝐌𝐈𝐓𝐒𝐔𝐁𝐈𝐒𝐇𝐈 𝐇𝐄𝐀𝐕𝐘 𝐈𝐍𝐃𝐔𝐒𝐓𝐑𝐈𝐄𝐒, 𝐂𝐚𝐥𝐬𝐨𝐧𝐢𝐜 𝐊𝐚𝐧𝐬𝐞𝐢, 𝐌𝐚𝐡𝐥𝐞, 𝐀𝐢𝐬𝐢𝐧 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐞𝐬, 𝐃𝐚𝐧𝐚 𝐈𝐧𝐜, 𝐓𝐞𝐧𝐧𝐞𝐜𝐨 𝐈𝐧𝐜, 𝐃𝐞𝐥𝐩𝐡𝐢 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬, 𝐊𝐚𝐭𝐜𝐨𝐧, 𝐃𝐞𝐧𝐬𝐨, 𝐆𝐚𝐫𝐫𝐞𝐭𝐭 𝐌𝐨𝐭𝐢𝐨𝐧 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 (𝐒𝐡𝐚𝐧𝐠𝐡𝐚𝐢) 𝐂𝐨., 𝐋𝐭𝐝., 𝐂𝐨𝐧𝐭𝐢𝐧𝐞𝐧𝐭𝐚𝐥

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮’𝐫𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: https://www.alliedmarketresearch.com/request-for-customization/A17395

KEY FINDINGS OF THE STUDY

By technology, the future technology segment is expected to register a significant growth during the forecast period.

By mode, the thermoelectric generator segment is projected to lead the global exhaust heat recovery system market

By vehicle type, the Buses segment is projected to lead the global exhaust heat recovery system market

By component, the thermoelectric generator component segment is projected to lead the global exhaust heat recovery system market

Region-wise, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/A17395

In terms of components, the EGR component segment held the largest market share in 2021, accounting for two-fifths of the global exhaust heat recovery system market share. However, the turbocharger component segment is expected to maintain its leadership status during the forecast period. Nevertheless, the thermoelectric generator component segment, is expected to cite the highest CAGR of 7.6% during the forecast period.

Region-wise, the Asia-Pacific region held the major market share in 2021, grabbing more than two-fifths of the global exhaust heat recovery system market share. Moreover, the Asia-Pacific market is slated to dominate the global market share during the forecast period. However, the Asia-Pacific region is expected to cite the fastest CAGR of 6.8% during the forecast period. The report also analyses other regions such as Europe, North America, and LAMEA.

𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

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Driving Simulator Market - https://www.alliedmarketresearch.com/driving-simulator-market-A11744

David Correa
Allied Market Research
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