Exhaust Heat Recovery System Market – Global Industry Size, Share, Trends Opportunity, and Forecast, Segmented By Component (Turbine, TEG Module, Compressor, Evaporator, EGR Valve & Cooler, Condenser And Others), By Technology (Exhaust Gas Recirculation (EGR), Thermoelectric Generator (TEG), Organic Rankine Cycle (ORC), By Vehicle Type (Passenger Cars, Commercial Vehicles), By Region, Competition 2018-2028

  • Industry : Automotive
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 28.51 Billion

CAGR (2023-2028)

6.64%

Fastest Growing Segment

Passenger Cars

Largest Market

Europe & CIS

 




Market Overview

The Global Exhaust Heat Recovery System Market size reached USD 28.51 Billion in 2022 and is expected to grow with a CAGR of 6.64% in the forecast period.

The Global Exhaust Heat Recovery System Market is experiencing significant growth as a key component in the pursuit of energy efficiency and sustainability in the automotive and industrial sectors. Exhaust heat recovery systems are designed to capture and utilize waste heat from engine exhaust gases, converting it into usable energy. This technology is gaining prominence due to the increasing emphasis on reducing greenhouse gas emissions, enhancing fuel efficiency, and complying with stringent environmental regulations.

In the automotive sector, exhaust heat recovery systems contribute to the efficiency of internal combustion engines by recovering thermal energy that would otherwise be wasted. This recovered heat can be utilized to power various vehicle systems, such as heating, ventilation, and air conditioning (HVAC), or to generate electricity for auxiliary systems. As the automotive industry undergoes a significant transition towards electric vehicles, exhaust heat recovery remains relevant, particularly in hybrid and internal combustion engine vehicles, contributing to the overall energy efficiency of the transportation sector.

In industrial applications, exhaust heat recovery systems play a crucial role in optimizing energy utilization in manufacturing processes. These systems are employed in various industries, including power generation, chemical manufacturing, and refining, to capture and repurpose the heat generated during combustion. By harnessing waste heat, industries can improve overall energy efficiency, reduce operational costs, and minimize environmental impact.

The market is witnessing innovations and advancements in exhaust heat recovery technologies, including Organic Rankine Cycle (ORC) systems, thermoelectric generators, and heat exchangers. These technologies enhance the efficiency of heat recovery processes and broaden the applicability of exhaust heat recovery across diverse industrial sectors.

Government initiatives and regulations promoting energy efficiency and sustainable practices further drive the adoption of exhaust heat recovery systems globally. Manufacturers are increasingly integrating these systems into their products to meet regulatory requirements and align with the growing demand for environmentally friendly and energy-efficient solutions.

As the automotive and industrial sectors continue to prioritize sustainability and energy efficiency, the Global Exhaust Heat Recovery System Market is poised for sustained growth, playing a vital role in the ongoing transition towards greener and more resource-efficient technologies.

Key Market Drivers

Rising Emphasis on Energy Efficiency

One of the primary drivers propelling the Global Exhaust Heat Recovery System Market is the growing emphasis on energy efficiency across various industries. As concerns about environmental sustainability and the efficient use of resources increase, industries are actively seeking technologies that can harness and utilize waste heat from exhaust gases. Exhaust heat recovery systems play a crucial role in improving energy efficiency, reducing overall fuel consumption, and lowering greenhouse gas emissions, aligning with global efforts to address climate change and promote sustainable practices.

Stringent Environmental Regulations

Stringent environmental regulations and emission standards imposed by governments worldwide are driving the adoption of exhaust heat recovery systems. As part of efforts to mitigate air pollution and reduce the environmental impact of industrial and automotive activities, regulatory bodies mandate the implementation of technologies that capture and repurpose waste heat. The use of exhaust heat recovery systems allows industries to comply with emissions standards while simultaneously enhancing energy efficiency, making it a pivotal driver in the global market.

Automotive Industry Transition and Hybridization

The ongoing transition in the automotive industry towards cleaner and more fuel-efficient technologies, including hybridization, is a significant driver for exhaust heat recovery systems. In both conventional and hybrid vehicles, capturing and utilizing waste heat from exhaust gases contributes to improved fuel efficiency and reduced carbon emissions. As automakers strive to meet fuel economy standards and consumer demand for eco-friendly vehicles increases, exhaust heat recovery systems become integral to achieving these objectives.

Increasing Focus on Waste Heat Utilization

The increasing focus on waste heat utilization in industrial processes is driving the adoption of exhaust heat recovery systems. Industries such as manufacturing, power generation, and chemical processing generate substantial amounts of waste heat during various operations. Exhaust heat recovery technologies enable these industries to harness the otherwise wasted thermal energy, converting it into usable power for heating, electricity generation, or other industrial processes, thereby optimizing overall energy utilization and reducing operational costs.

Technological Advancements and Innovations

Ongoing technological advancements and innovations in exhaust heat recovery systems contribute to their broader adoption. Emerging technologies, such as Organic Rankine Cycle (ORC) systems, thermoelectric generators, and advanced heat exchangers, enhance the efficiency of heat recovery processes. These innovations make exhaust heat recovery systems more versatile, applicable to a diverse range of industries, and capable of capturing heat from a broader spectrum of exhaust gases.

Operational Cost Savings

Exhaust heat recovery systems offer operational cost savings to industries by reducing the need for additional energy inputs. By capturing and utilizing waste heat, industries can offset energy costs associated with heating, electricity generation, and other processes. This cost-saving aspect becomes particularly appealing to businesses seeking ways to enhance their operational efficiency, improve profit margins, and maintain competitiveness in markets where energy prices fluctuate.

Growing Industrialization in Developing Regions

The increasing pace of industrialization in developing regions, characterized by expanding manufacturing activities and infrastructure development, is driving the demand for exhaust heat recovery systems. As industries in these regions seek ways to enhance energy efficiency and comply with environmental standards, the adoption of exhaust heat recovery technologies becomes a strategic imperative. This trend is anticipated to contribute significantly to the global market's growth, particularly in regions with burgeoning industrial sectors.

Government Incentives and Support

Government incentives, subsidies, and support programs aimed at promoting energy-efficient technologies further propel the adoption of exhaust heat recovery systems. Many governments worldwide offer financial incentives and regulatory support to encourage industries to invest in technologies that reduce energy consumption and environmental impact. The availability of such incentives creates a favorable environment for businesses to adopt exhaust heat recovery systems as part of their sustainability initiatives, driving market growth on a global scale.


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Key Market Challenges

High Initial Investment Costs

One of the primary challenges facing the Global Exhaust Heat Recovery System Market is the high initial investment required for the installation of these systems. The capital expenditure associated with implementing exhaust heat recovery technologies, including the purchase and installation of heat exchangers, Organic Rankine Cycle (ORC) systems, and other components, can be a significant barrier for industries, especially for smaller enterprises. Despite the long-term operational cost savings, the substantial upfront investment often deters potential adopters, slowing down the widespread adoption of exhaust heat recovery systems.

Complex Integration with Existing Systems

The integration of exhaust heat recovery systems with existing industrial and automotive systems can be complex. Industries often face challenges in retrofitting these systems into their operations without disrupting regular production processes. Compatibility issues, the need for customized solutions, and the complexity of integrating exhaust heat recovery technologies with diverse industrial setups contribute to challenges in seamless implementation, hindering adoption across various sectors.

Variability in Exhaust Gas Temperatures

The variability in exhaust gas temperatures poses a challenge for exhaust heat recovery systems. Different industrial processes and vehicle operating conditions result in fluctuating exhaust gas temperatures. Designing exhaust heat recovery systems that can efficiently capture and convert waste heat across a wide range of temperatures requires specialized engineering solutions. Adapting exhaust heat recovery technologies to accommodate temperature variations remains a technical challenge, impacting their universal applicability.

Maintenance and Reliability Concerns

Maintenance and reliability concern present challenges for exhaust heat recovery systems, particularly in industrial settings with harsh operating conditions. Heat exchangers and other components are exposed to high temperatures, corrosive gases, and particulate matter, leading to wear and potential breakdowns. Ensuring the reliability of exhaust heat recovery systems and developing robust maintenance protocols are critical to addressing longevity concerns and sustaining the efficiency of these systems over time.

Limited Standardization and Regulations

The absence of standardized frameworks and regulations for exhaust heat recovery systems poses challenges for both manufacturers and end-users. The lack of standardized testing procedures and performance metrics makes it challenging for industries to assess and compare the efficiency of different systems. Additionally, the absence of clear regulatory guidelines can result in uncertainty regarding compliance requirements, hindering widespread adoption and creating a fragmented market landscape.

Size and Weight Constraints

In automotive applications, the size and weight constraints of exhaust heat recovery systems can be challenging, especially in the context of modern vehicles with strict design specifications. Integrating heat recovery technologies within the confined space of a vehicle without compromising weight, aerodynamics, or overall performance requires engineering solutions that balance functionality with design constraints, adding complexity to the implementation process.

Limited Awareness and Education

Limited awareness and education about the benefits of exhaust heat recovery systems contribute to slower adoption rates. Many industries may not fully grasp the potential energy savings and environmental advantages offered by these technologies. Efforts to educate decision-makers, engineers, and operators about the long-term benefits and return on investment associated with exhaust heat recovery systems are crucial for overcoming awareness challenges and fostering broader acceptance.

Competing Priorities and Short-Term Focus

In industries where there are competing priorities and a short-term focus on immediate operational concerns, the adoption of exhaust heat recovery systems may take a backseat. Businesses facing financial constraints or prioritizing projects with more immediate returns may delay investments in energy efficiency measures. Shifting organizational priorities towards long-term sustainability and energy efficiency remains a challenge, requiring a strategic shift in the mindset of decision-makers across various sectors.

Key Market Trends

Integration of Advanced Materials

A prominent trend in the Global Exhaust Heat Recovery System Market is the integration of advanced materials to enhance system efficiency and durability. Manufacturers are exploring innovative materials, such as high-performance alloys and ceramics, to withstand high temperatures and corrosive environments. These materials not only improve the longevity of exhaust heat recovery systems but also contribute to increased heat transfer efficiency, optimizing the overall performance of the systems across diverse industrial applications.

Focus on Organic Rankine Cycle (ORC) Systems

The adoption of Organic Rankine Cycle (ORC) systems is a noteworthy trend, particularly in industrial settings. ORC systems efficiently convert low- to medium-temperature waste heat into electricity, offering a versatile solution for various industrial processes. As industries seek to maximize the recovery of waste heat at varying temperature ranges, the application of ORC technology is gaining traction, contributing to the overall growth and diversification of the exhaust heat recovery system market.

Customization for Specific Applications

A trend towards customization of exhaust heat recovery systems for specific industrial and automotive applications is emerging. Manufacturers are developing tailor-made solutions to address the unique requirements of different sectors, considering factors such as exhaust gas characteristics, temperature profiles, and space constraints. Customization ensures optimal performance and compatibility with existing systems, reflecting a shift towards more adaptable and application-specific exhaust heat recovery solutions.

Digitalization and Predictive Maintenance

Digitalization and the integration of predictive maintenance technologies are transforming the exhaust heat recovery landscape. IoT-enabled sensors and data analytics allow real-time monitoring of system performance, enabling predictive maintenance strategies. This trend minimizes downtime, enhances reliability, and ensures proactive interventions to address potential issues, aligning with the broader industrial shift towards smart and connected solutions.

Hybridization in Automotive Applications

In the automotive sector, a trend towards hybridization and the integration of exhaust heat recovery systems in hybrid vehicles is gaining momentum. Automakers are exploring ways to utilize waste heat from exhaust gases to power auxiliary systems, reducing reliance on the internal combustion engine for ancillary functions. This trend aligns with the industry's commitment to improving fuel efficiency and reducing carbon emissions in both conventional and hybrid vehicle models.

Increased Adoption in Data Centers

The exhaust heat recovery market is witnessing increased adoption in data centers, where large-scale energy consumption generates significant waste heat. Companies are exploring ways to capture and repurpose this waste heat for heating purposes or to generate additional electricity. This trend reflects the growing importance of sustainability in data center operations and the potential for exhaust heat recovery systems to contribute to energy-efficient practices in the information technology sector.

Collaborations and Partnerships

Collaborations and partnerships between exhaust heat recovery system manufacturers and industry players are on the rise. These collaborations aim to leverage collective expertise, accelerate technological advancements, and create comprehensive solutions that address the diverse needs of end-users. Strategic partnerships with automotive manufacturers, industrial facilities, and research institutions are fostering innovation and driving the development of next-generation exhaust heat recovery technologies.

Rise of Waste Heat-to-Power Systems

The rise of waste heat-to-power systems is a notable trend, particularly in industries with high-temperature exhaust gases. Manufacturers are focusing on developing systems that efficiently convert waste heat into electricity, providing an additional source of power for industrial processes. This trend aligns with the broader global push towards decentralized energy solutions and the utilization of waste heat as a valuable resource in achieving sustainability goals.

Segmental Insights

By Component

The turbine is a critical component in exhaust heat recovery systems, responsible for converting the kinetic energy of exhaust gases into mechanical energy. As hot gases pass through the turbine, they drive the turbine blades, generating rotational energy. This rotational energy is harnessed to drive a generator or produce mechanical power, contributing to the overall efficiency of the system. Turbines are designed to withstand high temperatures and varying exhaust gas conditions, making them a pivotal element in the energy conversion process within exhaust heat recovery systems.

TEG modules play a key role in capturing waste heat and converting it directly into electrical power through the Seebeck effect. These semiconductor devices utilize temperature differentials across their surfaces to generate a voltage and produce electrical current. TEG modules are compact and suitable for applications with moderate temperature gradients. As a component in exhaust heat recovery systems, TEG modules contribute to the electrification of auxiliary systems in vehicles and the generation of supplementary power in industrial processes, enhancing overall energy efficiency.

The compressor is an integral component in Organic Rankine Cycle (ORC) systems within exhaust heat recovery setups. It is responsible for compressing the working fluid, typically an organic compound, to elevate its pressure and temperature before entering the expander. This pressurized fluid then undergoes expansion, driving a generator and producing electricity. Compressors play a crucial role in optimizing the thermodynamic cycle of ORC systems, enhancing the overall efficiency of the heat recovery process and enabling the generation of useful power from waste heat.

The evaporator is a component that facilitates the phase change of the working fluid within an exhaust heat recovery system. In ORC systems, the evaporator absorbs heat from the exhaust gases, causing the working fluid to transition from a liquid to a vapor state. This phase change is crucial for extracting thermal energy from the exhaust gases and initiating the thermodynamic cycle that drives the system. Evaporators are designed to efficiently transfer heat, ensuring maximum utilization of the waste heat available in the exhaust stream.

Exhaust Gas Recirculation (EGR) valves and coolers are components commonly integrated into exhaust heat recovery systems, especially in automotive applications. EGR systems reroute a portion of exhaust gases back to the engine cylinders to reduce nitrogen oxide emissions. In the context of exhaust heat recovery, EGR valves and coolers contribute by providing an additional source of moderately hot exhaust gases that can be further utilized for heat recovery purposes. This integration enhances the overall efficiency of exhaust heat recovery systems in vehicles.

The condenser is a crucial component in exhaust heat recovery systems, responsible for transferring heat from the working fluid to the external environment or another fluid circuit. In the ORC cycle, the condenser facilitates the transition of the vaporized working fluid back to its liquid state by dissipating heat. This phase change prepares the fluid for the subsequent cycle of heat absorption in the evaporator. Efficient condensation is essential for maintaining the cycle's integrity and ensuring optimal heat recovery performance.

The category of "Others" encompasses additional components that may be integrated into exhaust heat recovery systems based on specific designs and applications. These could include heat exchangers, pumps, control systems, and sensors. Heat exchangers facilitate the transfer of heat between exhaust gases and the working fluid, while pumps ensure the circulation of fluids within the system. Control systems and sensors play a critical role in monitoring and optimizing the performance of the exhaust heat recovery system, ensuring its reliability and adaptability to varying operating conditions. The versatility of exhaust heat recovery systems allows for customization with additional components based on the specific requirements of different industries and applications.

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Regional Insights

North America is a significant player in the Global Exhaust Heat Recovery System Market, driven by a combination of regulatory initiatives, technological advancements, and a focus on sustainability. In the United States and Canada, stringent emission standards and regulations promote the adoption of exhaust heat recovery technologies, particularly in the automotive and industrial sectors. The region is witnessing increased collaboration between government bodies, research institutions, and industry players to develop and implement innovative exhaust heat recovery solutions. The strong presence of automotive manufacturers, coupled with a growing emphasis on renewable energy, positions North America as a key contributor to the global market.

Europe stands at the forefront of the adoption of Exhaust Heat Recovery Systems, propelled by a commitment to environmental sustainability and energy efficiency. Stringent emissions targets set by the European Union (EU) drive the integration of exhaust heat recovery technologies across industries, including automotive, manufacturing, and power generation. Countries such as Germany, the United Kingdom, and Sweden are focal points for research and development, fostering collaborations between manufacturers and research institutions. The European automotive sector, renowned for its engineering prowess, is actively incorporating exhaust heat recovery systems to meet stringent carbon reduction goals.

The Asia-Pacific region is witnessing rapid growth in the adoption of Exhaust Heat Recovery Systems, fueled by the booming industrialization and a surge in automotive production. Countries like China, Japan, and South Korea are investing heavily in energy-efficient technologies to address environmental concerns and achieve sustainability targets. In China, the world's largest automotive market, policies promoting new energy vehicles and stringent emission standards are driving the integration of exhaust heat recovery systems in the automotive sector. The region's dynamic industrial landscape and government initiatives position Asia-Pacific as a key growth market for exhaust heat recovery technologies.

The Middle East and Africa are gradually embracing Exhaust Heat Recovery Systems, primarily driven by the increasing focus on sustainable practices and energy efficiency. While the adoption in these regions may be relatively nascent compared to other parts of the world, there is a growing awareness of the benefits of harnessing waste heat for improved energy utilization. In the Middle East, particularly in the Gulf countries, the integration of exhaust heat recovery technologies aligns with broader sustainability initiatives and the efficient utilization of resources. As industries in these regions diversify and prioritize sustainable practices, the demand for exhaust heat recovery solutions is expected to rise.

Latin America is witnessing a steady uptake of Exhaust Heat Recovery Systems, influenced by a combination of environmental concerns, regulatory frameworks, and advancements in industrial processes. Countries like Brazil and Mexico, with burgeoning automotive and manufacturing sectors, are exploring ways to enhance energy efficiency and reduce carbon footprints. Government initiatives and incentives to promote clean technologies contribute to the growing interest in exhaust heat recovery solutions. Latin America's diverse industrial landscape, from mining to food processing, provides opportunities for the application of these systems across various sectors as the region continues to prioritize sustainable and eco-friendly practices.

Key Market Players

  • Faurecia
  • Mahle
  • Continental
  • Denso
  • Valeo
  • Dana
  • Calsonic Kansei
  • Delphi Technologies
  • Mitsubishi Electric
  • Hitachi Ltd.

 

By Component

By Technology

By Vehicle Type

By Region
  • Turbine
  • TEG Module
  • Compressor
  • Evaporator
  • EGR Valve & Cooler
  • Condenser
  • Others
  • Exhaust Gas Recirculation (EGR)
  • Thermoelectric Generator (TEG)
  • Organic Rankine Cycle (ORC)
  • Passenger Cars
  • Commercial Vehicles
  • North America
  • Europe & CIS
  • Asia Pacific
  • South America
  • Middle East & Africa

Report Scope:

In this report, the Global Exhaust Heat Recovery System Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Exhaust Heat Recovery System Market, By Component:

o   Turbine

o   TEG Module

o   Compressor

o   Evaporator

o   EGR Valve & Cooler

o   Condenser

o   Others

  • Exhaust Heat Recovery System Market, By Technology:

o   Exhaust Gas Recirculation (EGR)

o   Thermoelectric Generator (TEG)

o   Organic Rankine Cycle (ORC)

  • Exhaust Heat Recovery System Market, By Vehicle Type:

o   Passenger Cars

o   Commercial Vehicles

  • Exhaust Heat Recovery System Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe & CIS

§  Germany

§  Spain

§  France

§  Russia

§  Italy

§  United Kingdom

§  Belgium

o   Asia-Pacific

§  China

§  India

§  Japan

§  Indonesia

§  Thailand

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  Turkey

§  Iran

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Exhaust Heat Recovery System Market.

Available Customizations:

Global Exhaust Heat Recovery System Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Exhaust Heat Recovery System Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.     Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.     Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.     Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.     Impact of COVID-19 on Global Exhaust Heat Recovery System Market

5.     Global Exhaust Heat Recovery System Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Component Market Share Analysis (Turbine, TEG Module, Compressor, Evaporator, EGR Valve & Cooler, Condenser and Others))

5.2.2.    By Technology Market Share Analysis (Exhaust Gas Recirculation (EGR), Thermoelectric Generator (TEG), Organic Rankine Cycle (ORC)

5.2.3.    By Vehicle Type Market Share Analysis (Passenger Cars, Commercial Vehicles)

5.2.4.    By Region Market Share Analysis

5.2.4.1.        Asia-Pacific Market Share Analysis

5.2.4.2.        Europe & CIS Market Share Analysis

5.2.4.3.        North America Market Share Analysis

5.2.4.4.        South America Market Share Analysis

5.2.4.5.        Middle East & Africa Market Share Analysis

5.2.5.    By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2022)

5.3.  Global Exhaust Heat Recovery System Market Mapping & Opportunity Assessment

5.3.1.    By Component Market Mapping & Opportunity Assessment

5.3.2.    By Technology Market Mapping & Opportunity Assessment

5.3.3.    By Vehicle Type Market Mapping & Opportunity Assessment

5.3.4.    By Regional Market Mapping & Opportunity Assessment

6.     Asia-Pacific Exhaust Heat Recovery System Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Component Market Share Analysis

6.2.2.    By Technology Market Share Analysis

6.2.3.    By Vehicle Type Market Share Analysis

6.2.4.    By Country Market Share Analysis

6.2.4.1.        China Market Share Analysis

6.2.4.2.        India Market Share Analysis

6.2.4.3.        Japan Market Share Analysis

6.2.4.4.        Indonesia Market Share Analysis

6.2.4.5.        Thailand Market Share Analysis

6.2.4.6.        South Korea Market Share Analysis

6.2.4.7.        Australia Market Share Analysis

6.2.4.8.        Rest of Asia-Pacific Market Share Analysis

6.3.  Asia-Pacific: Country Analysis

6.3.1.    China Exhaust Heat Recovery System Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.             By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.             By Component Market Share Analysis

6.3.1.2.2.             By Technology Market Share Analysis

6.3.1.2.3.             By Vehicle Type Market Share Analysis

6.3.2.    India Exhaust Heat Recovery System Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.             By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.             By Component Market Share Analysis

6.3.2.2.2.             By Technology Market Share Analysis

6.3.2.2.3.             By Vehicle Type Market Share Analysis

6.3.3.    Japan Exhaust Heat Recovery System Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.             By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.             By Component Market Share Analysis

6.3.3.2.2.             By Technology Market Share Analysis

6.3.3.2.3.             By Vehicle Type Market Share Analysis

6.3.4.    Indonesia Exhaust Heat Recovery System Market Outlook

6.3.4.1.        Market Size & Forecast

6.3.4.1.1.             By Value

6.3.4.2.        Market Share & Forecast

6.3.4.2.1.             By Component Market Share Analysis

6.3.4.2.2.             By Technology Market Share Analysis

6.3.4.2.3.             By Vehicle Type Market Share Analysis

6.3.5.    Thailand Exhaust Heat Recovery System Market Outlook

6.3.5.1.        Market Size & Forecast

6.3.5.1.1.             By Value

6.3.5.2.        Market Share & Forecast

6.3.5.2.1.             By Vehicle Type Market Share Analysis

6.3.5.2.2.             By Technology Market Share Analysis

6.3.5.2.3.             By Vehicle Type Market Share Analysis

6.3.6.    South Korea Exhaust Heat Recovery System Market Outlook

6.3.6.1.        Market Size & Forecast

6.3.6.1.1.             By Value

6.3.6.2.        Market Share & Forecast

6.3.6.2.1.             By Component Market Share Analysis

6.3.6.2.2.             By Technology Market Share Analysis

6.3.6.2.3.             By Vehicle Type Market Share Analysis

6.3.7.    Australia Exhaust Heat Recovery System Market Outlook

6.3.7.1.        Market Size & Forecast

6.3.7.1.1.             By Value

6.3.7.2.        Market Share & Forecast

6.3.7.2.1.             By Component Market Share Analysis

6.3.7.2.2.             By Technology Market Share Analysis

6.3.7.2.3.             By Vehicle Type Market Share Analysis

7.     Europe & CIS Exhaust Heat Recovery System Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Component Market Share Analysis

7.2.2.    By Technology Market Share Analysis

7.2.3.    By Vehicle Type Market Share Analysis

7.2.4.    By Country Market Share Analysis

7.2.4.1.        Germany Market Share Analysis

7.2.4.2.        Spain Market Share Analysis

7.2.4.3.        France Market Share Analysis

7.2.4.4.        Russia Market Share Analysis

7.2.4.5.        Italy Market Share Analysis

7.2.4.6.        United Kingdom Market Share Analysis

7.2.4.7.        Belgium Market Share Analysis

7.2.4.8.        Rest of Europe & CIS Market Share Analysis

7.3.  Europe & CIS: Country Analysis

7.3.1.    Germany Exhaust Heat Recovery System Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.             By Component Market Share Analysis

7.3.1.2.2.             By Technology Market Share Analysis

7.3.1.2.3.             By Vehicle Type Market Share Analysis

7.3.2.    Spain Exhaust Heat Recovery System Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.             By Component Market Share Analysis

7.3.2.2.2.             By Technology Market Share Analysis

7.3.2.2.3.             By Vehicle Type Market Share Analysis

7.3.3.    France Exhaust Heat Recovery System Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.             By Component Market Share Analysis

7.3.3.2.2.             By Technology Market Share Analysis

7.3.3.2.3.             By Vehicle Type Market Share Analysis

7.3.4.    Russia Exhaust Heat Recovery System Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.             By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.             By Component Market Share Analysis

7.3.4.2.2.             By Technology Market Share Analysis

7.3.4.2.3.             By Vehicle Type Market Share Analysis

7.3.5.    Italy Exhaust Heat Recovery System Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.             By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.             By Component Market Share Analysis

7.3.5.2.2.             By Technology Market Share Analysis

7.3.5.2.3.             By Vehicle Type Market Share Analysis

7.3.6.    United Kingdom Exhaust Heat Recovery System Market Outlook

7.3.6.1.        Market Size & Forecast

7.3.6.1.1.             By Value

7.3.6.2.        Market Share & Forecast

7.3.6.2.1.             By Component Market Share Analysis

7.3.6.2.2.             By Technology Market Share Analysis

7.3.6.2.3.             By Vehicle Type Market Share Analysis

7.3.7.    Belgium Exhaust Heat Recovery System Market Outlook

7.3.7.1.        Market Size & Forecast

7.3.7.1.1.             By Value

7.3.7.2.        Market Share & Forecast

7.3.7.2.1.             By Component Market Share Analysis

7.3.7.2.2.             By Technology Market Share Analysis

7.3.7.2.3.             By Vehicle Type Market Share Analysis

8.     North America Exhaust Heat Recovery System Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Component Market Share Analysis

8.2.2.    By Technology Market Share Analysis

8.2.3.    By Vehicle Type Market Share Analysis

8.2.4.    By Country Market Share Analysis

8.2.4.1.        United States Market Share Analysis

8.2.4.2.        Mexico Market Share Analysis

8.2.4.3.        Canada Market Share Analysis

8.3.  North America: Country Analysis

8.3.1.    United States Exhaust Heat Recovery System Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.             By Component Market Share Analysis

8.3.1.2.2.             By Technology Market Share Analysis

8.3.1.2.3.             By Vehicle Type Market Share Analysis

8.3.2.    Mexico Exhaust Heat Recovery System Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.             By Component Market Share Analysis

8.3.2.2.2.             By Technology Market Share Analysis

8.3.2.2.3.             By Vehicle Type Market Share Analysis

8.3.3.    Canada Exhaust Heat Recovery System Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.             By Component Market Share Analysis

8.3.3.2.2.             By Technology Market Share Analysis

8.3.3.2.3.             By Vehicle Type Market Share Analysis

9.     South America Exhaust Heat Recovery System Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Component Market Share Analysis

9.2.2.    By Technology Market Share Analysis

9.2.3.    By Vehicle Type Market Share Analysis

9.2.4.    By Country Market Share Analysis

9.2.4.1.        Brazil Market Share Analysis

9.2.4.2.        Argentina Market Share Analysis

9.2.4.3.        Colombia Market Share Analysis

9.2.4.4.        Rest of South America Market Share Analysis

9.3.  South America: Country Analysis

9.3.1.    Brazil Exhaust Heat Recovery System Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.             By Component Market Share Analysis

9.3.1.2.2.             By Technology Market Share Analysis

9.3.1.2.3.             By Vehicle Type Market Share Analysis

9.3.2.    Colombia Exhaust Heat Recovery System Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.             By Component Market Share Analysis

9.3.2.2.2.             By Technology Market Share Analysis

9.3.2.2.3.             By Vehicle Type Market Share Analysis

9.3.3.    Argentina Exhaust Heat Recovery System Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.             By Component Market Share Analysis

9.3.3.2.2.             By Technology Market Share Analysis

9.3.3.2.3.             By Vehicle Type Market Share Analysis

10.  Middle East & Africa Exhaust Heat Recovery System Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Component Market Share Analysis

10.2.2. By Technology Market Share Analysis

10.2.3. By Vehicle Type Market Share Analysis

10.2.4. By Country Market Share Analysis

10.2.4.1.     Turkey Market Share Analysis

10.2.4.2.     Iran Market Share Analysis

10.2.4.3.     Saudi Arabia Market Share Analysis

10.2.4.4.     UAE Market Share Analysis

10.2.4.5.     Rest of Middle East & Africa Market Share Africa

10.3.             Middle East & Africa: Country Analysis

10.3.1. Turkey Exhaust Heat Recovery System Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.          By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.          By Component Market Share Analysis

10.3.1.2.2.          By Technology Market Share Analysis

10.3.1.2.3.          By Vehicle Type Market Share Analysis

10.3.2. Iran Exhaust Heat Recovery System Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.          By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.          By Component Market Share Analysis

10.3.2.2.2.          By Technology Market Share Analysis

10.3.2.2.3.          By Vehicle Type Market Share Analysis

10.3.3. Saudi Arabia Exhaust Heat Recovery System Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.          By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.          By Component Market Share Analysis

10.3.3.2.2.          By Technology Market Share Analysis

10.3.3.2.3.          By Vehicle Type Market Share Analysis

10.3.4. UAE Exhaust Heat Recovery System Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.          By Value

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.          By Component Market Share Analysis

10.3.4.2.2.          By Technology Market Share Analysis

10.3.4.2.3.          By Vehicle Type Market Share Analysis

11.  SWOT Analysis

11.1.             Strength

11.2.             Weakness

11.3.             Opportunities

11.4.             Threats

12.  Market Dynamics

12.1.             Market Drivers

12.2.             Market Challenges

13.  Market Trends and Developments

14.  Competitive Landscape

14.1.             Company Profiles (Up to 10 Major Companies)

14.1.1. Faurecia

14.1.1.1.     Company Details

14.1.1.2.     Key Product Offered

14.1.1.3.     Financials (As Per Availability)

14.1.1.4.     Recent Developments

14.1.1.5.     Key Management Personnel

14.1.2. Mahle

14.1.2.1.     Company Details

14.1.2.2.     Key Product Offered

14.1.2.3.     Financials (As Per Availability)

14.1.2.4.     Recent Developments

14.1.2.5.     Key Management Personnel

14.1.3. Continental

14.1.3.1.     Company Details

14.1.3.2.     Key Product Offered

14.1.3.3.     Financials (As Per Availability)

14.1.3.4.     Recent Developments

14.1.3.5.     Key Management Personnel

14.1.4.  Denso

14.1.4.1.     Company Details

14.1.4.2.     Key Product Offered

14.1.4.3.     Financials (As Per Availability)

14.1.4.4.     Recent Developments

14.1.4.5.     Key Management Personnel

14.1.5.  Valeo

14.1.5.1.     Company Details

14.1.5.2.     Key Product Offered

14.1.5.3.     Financials (As Per Availability)

14.1.5.4.     Recent Developments

14.1.5.5.     Key Management Personnel

14.1.6.  Dana

14.1.6.1.     Company Details

14.1.6.2.     Key Product Offered

14.1.6.3.     Financials (As Per Availability)

14.1.6.4.     Recent Developments

14.1.6.5.     Key Management Personnel

14.1.7.  Calsonic Kansei

14.1.7.1.     Company Details

14.1.7.2.     Key Product Offered

14.1.7.3.     Financials (As Per Availability)

14.1.7.4.     Recent Developments

14.1.7.5.     Key Management Personnel

14.1.8.  Delphi Technologies  

14.1.8.1.     Company Details

14.1.8.2.     Key Product Offered

14.1.8.3.     Financials (As Per Availability)

14.1.8.4.     Recent Developments

14.1.8.5.     Key Management Personnel

14.1.9.  Mitsubishi Electric

14.1.9.1.     Company Details

14.1.9.2.     Key Product Offered

14.1.9.3.     Financials (As Per Availability)

14.1.9.4.     Recent Developments

14.1.9.5.     Key Management Personnel

14.1.10.                 Hitachi Ltd.

14.1.10.1.  Company Details

14.1.10.2.  Key Product Offered

14.1.10.3.  Financials (As Per Availability)

14.1.10.4.  Recent Developments

14.1.10.5.  Key Management Personnel

15.  Strategic Recommendations

15.1.             Key Focus Areas

15.1.1. Target Regions

15.1.2. Target Technology

15.1.3. Target Component

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The Global Exhaust Heat Recovery System Market size reached USD 28.51 Billion, 2022.

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In the global Exhaust Heat Recovery System market, the dominance among components varies, but the Turbine stands out as a pivotal component. Turbines play a central role in converting the kinetic energy of exhaust gases into mechanical power, driving generators or auxiliary systems. Their versatility and efficiency in harnessing waste heat make turbines a cornerstone in the energy recovery process, contributing significantly to the overall effectiveness of exhaust heat recovery systems across various industrial and automotive applications.

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Europe emerges as the dominant region in the Global Exhaust Heat Recovery System Market. The region's leadership is propelled by a robust commitment to sustainability, stringent emission standards, and a mature automotive and industrial sector. European countries, notably Germany and the United Kingdom, lead in the adoption of exhaust heat recovery technologies, driven by a combination of regulatory initiatives, technological expertise, and a strong focus on achieving energy efficiency and carbon reduction goals.

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The Global Exhaust Heat Recovery System Market is driven by a confluence of factors. Stringent environmental regulations, particularly focused on reducing emissions and improving energy efficiency, compel industries to adopt exhaust heat recovery technologies. Additionally, the increasing emphasis on sustainability, coupled with advancements in waste heat utilization, propels the market forward, as businesses seek innovative solutions to enhance energy efficiency and comply with global standards. The automotive industry's transition towards cleaner technologies and the continuous pursuit of operational cost savings further fuel the demand for exhaust heat recovery systems, positioning them as integral components in the evolving landscape of energy-efficient solutions.

Related Reports

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Srishti Verma

Business Consultant
Press Release

Exhaust Heat Recovery System Market to Grow with a CAGR of 6.64% Through 2028

Dec, 2023

Stringent environmental regulations, particularly focused on reducing emissions and improving energy efficiency, compel industries to adopt exhaust heat recovery technologies are the factors driving

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