Global Exhaust Heat Recovery System Market 2018-2025 with BorgWarner, Mahle, Denso, Faurecia and Continental Dominating the $64.9 Bn Industry
DUBLIN, Oct 24, 2018 /PRNewswire/ --
The "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" report has been added to ResearchAndMarkets.com's offering.
It is estimated to be USD 32.54 billion in 2018 and is projected to reach USD 64.94 billion by 2025
The existing and upcoming stringent emission norms are driving the exhaust heat recovery system market. In addition to the above factors, the increasing production of commercial vehicles could be the potential market for EHRS technologies particularly for future technologies such as ORC and TEG. Even future technology like ORC is expected to get commercialized for commercial vehicles first. These factors are driving the EHRS market.
Due to stringent emission norms, the majority of diesel passenger cars are equipped with EHRS technologies such as EGR and turbocharger, and the trend for gasoline vehicles is also increasing. China and India are planning to implement emission norms named CHINA IV and BS IV respectively. The passenger car segment is estimated to be the largest and the fastest growing market for the exhaust heat recovery system market because of the higher production of passenger cars compared to commercial vehicles. With rapidly growing vehicle production and stringent emission norms, the passenger car segment is expected to be the largest market for the exhaust heat recovery system.
The exhaust heat recovery technologies considered are EGR, turbocharger, ORC, and TEG. The EGR and turbocharger are quite mature technologies as the majority of diesel vehicles are equipped with these technologies. Due to stringent emission norms, some gasoline vehicles are equipped with EHRS technologies and the trend is growing. In terms of conventional technologies, turbocharger is expected to be the fastest growing technology from 2018 to 2025 during the forecast period. Future technologies such as ORC and TEG are under development stage, and according to industry experts, these are expected to get commercialized by 2020. ORC is expected to be the fastest growing market from 2022 to 2025 during the forecast period.
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.
Asia Oceania is the largest market for small passenger cars, and the majority of passenger cars in this region run on gasoline. Majority of diesel vehicles are equipped with conventional technologies such as EGR and turbocharger, however, at present, gasoline-powered vehicles have a very less installation rate of exhaust heat recovery technologies. To meet the upcoming strict emission norms, OEMs are also manufacturing exhaust heat recovery systems for gasoline cars, and this trend is expected to increase rapidly throughout the forecast period.
The hybrid electric vehicle segment is expected to be the largest market for the exhaust heat recovery system during the forecast period. The global eco-friendly vehicle market is booming because of the increasing concern over global warming and air pollution and the government support to reduce air pollution. Growth in the application of EGR and turbocharger in HEVs & PHEVs will be widely seen in North America and Europe due to their willingness to adopt state-of-the-art technology and strict emissions norms. The future technology like TEG could be the promising technology for hybrid vehicles as there is more scope to recover heat from the battery as well as the engine.
Rising stringency in emission regulations for on-highway as well as off-highway vehicles, especially in North America and Western Europe, is expected to drive the exhaust heat recovery system market. The governments of leading countries have started implementing regulations to curb air pollution. The increasing stringency of emission regulations creates an opportunity for the use of conventional exhaust heat recovery technologies such as Exhaust Gas Recirculation (EGR) and turbocharger.
The exhaust heat recovery system market is dominated by manufacturers such as BorgWarner (US), Mahle (Germany), Denso (Japan), Faurecia (France), and Continental (Germany).
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Future Exhaust Heat Recovery System Market
4.2 Exhaust Heat Recovery System Market, By Technology
4.3 Exhaust Heat Recovery System Market, By Component
4.4 Exhaust Heat Recovery System Market, By Vehicle Type
4.5 Exhaust Heat Recovery System Market, By Hybrid Vehicle
4.6 Exhaust Heat Recovery System Market, By Off-Highway Vehicle
4.7 Exhaust Heat Recovery System Market, By Region
5 Market Overview
5.1 Introduction
5.1.1 Drivers
5.1.1.1 Introduction of Stringent Emission Regulations
5.1.1.1.1 Emission Regulation for On-Road Vehicles
5.1.1.1.2 Emission Regulation for Off-Road Vehicles
5.1.1.2 Growing Demand for Diesel Vehicles, Especially in Commercial Vehicle Segment, to Foster the Growth of EHR Systems
5.1.2 Restraints
5.1.2.1 Shifting Trend Toward Electric Propulsion in Light-Duty Vehicles in Developed Countries
5.1.3 Opportunities
5.1.3.1 Use of Exhaust Heat for Auxiliary Applications Like Hvac and Oil Cooling
5.1.3.2 Rapid Adoption of EGR and Turbocharger in Gasoline Vehicle Will Boost the Market for EHRS
5.1.4 Challenges
5.1.4.1 Commercialization, Less Cost-Effectiveness and Low Efficiency of Future Technologies Like TEG & ORC
5.1.4.2 Harmonization of Emission Standards
6 Technological Overview
6.1 Introduction
6.2 Engine Technologies vs Exhaust Heat Recovery System
6.3 Dana's Thermal Management Solution (Eghr System)
6.4 Borgwarner's Exhaust Heat Recovery System (EHRS)
6.4.1 EHRS for Hybrid Electric Vehicles (HEV) & Plug-In Hybrid Electric Vehicles (PHEV)
6.4.2 Flex Fuel Turbocharger
6.5 Tenneco Future Exhaust Heat Recovery System
6.5.1 Thermoelectric Generators (TEG) for Powering Electrical Accessories
6.5.2 Rankine Cycle
6.6 Sango Conventional and Future Exhaust Heat Recovery System
6.6.1 Heat Collectors
6.6.2 Thermoelectric Generation Technology
6.7 Avl Waste Heat Recovery System for Commercial Vehicles
6.8 Continental Thermoelectric Generation Technology
6.9 Faurecia Exhaust Heat Recovery System
6.9.1 Low-Pressure Exhaust Gas Recirculation (LP EGR)
6.9.2 Electrically-Heated Catalyst
6.9.3 Exhaust Heat Power Generation (EHPG) System
7 Exhaust Heat Recovery System Market, By Technology
7.1 Introduction
7.2 Conventional Technology
7.2.1 Exhaust Gas Recirculation (EGR)
7.2.1.1 Asia Oceania has the Largest EGR Installation Rate in Diesel Vehicles
7.2.2 Turbocharger
7.2.2.1 Expansions to Be the Key Strategy to Boost Turbocharger Market.
7.3 Future Technology
7.3.1 Organic Rankine Cycle (ORC)
7.3.1.1 ORC is Projected to Get First Commercialized for Heavy Duty Vehicles
7.3.2 Thermoelectric Generator (TEG)
7.3.2.1 TEG is Expected to Be First Commercialized in the Developed Countries
8 Exhaust Heat Recovery System Market, By Component
8.1 Introduction
8.2 EGR Component
8.2.1 EGR Valve
8.2.1.1 Asia Oceania is Expected to Be the Largest Market for EGR Valve.
8.2.2 EGR Cooler
8.2.2.1 With Increase in Gasoline Vehicle, North America is to Be the Largest Market for EGR Cooler
8.3 Turbocharger Component
8.3.1 Turbine
8.3.1.1 Asia Oceania is the Largest and Fastest Market for Turbocharger Turbine
8.3.2 Compressor
8.3.2.1 North America is the Fastest Growing Market for Compressor
8.4 Organic Rankine Cycle (ORC)
8.4.1 Evaporator
8.4.1.1 Asia Oceania is Expected to Be the Largest and Fastest Market for Evaporator
8.4.2 Condenser
8.4.2.1 During the Forecast Period Condenser Market is Expected to Follow the Same Trend as That of Evaporator
8.4.3 Expander
8.4.3.1 Asia Oceania is Projected to Be the Largest Market for Expander
8.4.4 Pump
8.4.4.1 Asia Oceania is Expected to Be the Largest and Fastest Market for Pump.
8.5 Thermoelectric Generator (TEG)
8.5.1 Thermoelectric Module
8.5.1.1 Asia Oceania is to Be the Fastest Growing Market for Thermoelectric Module
8.5.2 Heat Exchanger
8.5.2.1 Asia Oceania is Expected to Be the Largest Market for Heat Exchanger
9 Exhaust Heat Recovery System Market, By Vehicle Type
9.1 Introduction
9.2 Passenger Car
9.2.1 Owing to Largest Market for Passenger Cars, Asia Oceania is Expected to Be Fastest Growing Market
9.3 Light Commercial Vehicle (LCV)
9.3.1 Owing to Largest Share of LCV, North America is Expected to Be Fastest Growing Market
9.4 Truck
9.4.1 The Market is Estimated to Be Dominated By the Asia Oceania Region
9.5 Buses
9.5.1 EHRS Market for Buses is Expected to Be Dominated By the Asia Oceania Region
10 Exhaust Heat Recovery System Market, By Hybrid and Plug-In Hybrid Vehicle
10.1 Introduction
10.2 Hybrid Electric Vehicle (HEV)
10.2.1 in HEV, EHRS Will Greatly Be Seen in the North American and European Region
10.3 Plug-In Hybrid Electric Vehicle (PHEV)
10.3.1 The Sales of PHEV Vehicles are Likely to Increase By 2025
11 Exhaust Heat Recovery System Market, By Off Highway Vehicle
11.1 Introduction
11.2 Agricultural Tractor
11.2.1 Increase in Mechanization to Drive the Agricultural Tractors Market
11.3 Construction Equipment
11.3.1 Turbochargers and EGR are Predominantly Used in Construction Equipment
12 Exhaust Heat Recovery System Market, By Region
13 Competitive Landscape
13.1 Overview
13.2 Exhaust Heat Recovery System Market for Automotive: Market Share Analysis
13.3 Competitive Scenario
13.3.1 Expansions
13.3.2 Supply Contracts/Agreements
13.3.3 New Product Launches/Developments
13.3.4 Partnerships/Joint Ventures/Acquisition
14 Company Profiles
14.1 Faurecia
14.2 Mahle
14.3 Continental
14.4 Denso
14.5 Borgwarner
14.6 Valeo
14.7 Dana
14.8 Calsonic Kansei
14.9 Delphi Technologies
14.10 Mitsubishi Electric
14.11 Additional Company Profiles
14.11.1 North America
14.11.1.1 Clean Diesel Technologies
14.11.1.2 Katcon
14.11.1.3 Tenneco Inc.
14.11.2 Asia Oceania
14.11.2.1 Sankei Giken Kogyo Co., Ltd.
14.11.2.2 Hanon Systems
14.11.3 Europe
14.11.3.1 Bosal
14.11.3.2 Eberspaecher
14.11.3.3 Johnson Matthey
14.11.3.4 Schaeffler
14.11.3.5 Hella
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