Techno World Automotive-Energy-Harvesting-and-Regeneration-Mark | Page 2

Another factor influencing the growth of the automotive energy harvesting and regeneration
market is the growing stringency of the regulatory bodies towards reducing the carbon footprint
and enhancing the existing efficiency of the fuel efficiency and emissions. For instance,
Corporate Average Fuel Economy (CAFÉ) Standards in U.S. propagating adoption of energy
efficient automotive by formulating regulations for reduction of petroleum consumption,
enhancing the utilization of alternative fuel vehicles such as hybrid vehicles. It also focuses on
reducing greenhouse emissions, and promoting development of innovative technologies to
increase their reliance on renewable and conservation of energy sources. This in turn creates a
highly conducive environment for growth of the global automotive energy harvesting and
regeneration
market.
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Incorporation of energy conservation and regenerative systems such as automotive flywheels,
turbochargers, and exhaust gas recirculation systems, leads to additional cost of ownership of
the vehicles. Moreover, battery storages have small energy density per unit volume and also add
on to the existing architecture of the vehicle. This significantly decreases the performance of the
vehicle and in turn dissuades consumers from adopting these alternative fuel powered vehicles.
These factors are expected to hamper the overall automotive energy harvesting and
regeneration market growth over the forecast period.
European Union and the U.S. have showed substantial inclination towards adoption of these
technologies to enhance operational efficiency of vehicles and usher in clean energy driven
vehicles. Among the chief trends gaining traction in the region, green manufacturing to curtail
the emission of GHGs and improve the utilization of renewable sources has gained significant
popularity. Continental AG, Robert Bosch GmbH, Denso Corporation, Delphi Automotive PLC,
Faurecia SA, Tenneco Inc., ZF Friedrichshafen AG, Gentherm Incorporated, Torotrak PLC, and
Ricardo PLC among others are the chief players in the global automotive energy harvesting and
regeneration
market.
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