Transparency Market Research in its new report titled, “Exhaust Heat Power Generation System Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the exhaust heat power generation system market. The TMR report anticipates that the latest stringent emission norms by regulatory bodies owing to environmental issues, growing demand for fuel efficiency of the vehicles will drive the exhaust heat power generation system market during the forecast period i.e, 2018-2026. To meet all stringent norms and fuel efficiency demand OEMs are developing exhaust heat power generation system. However, in developing countries norms regarding vehicle emission are not stringent as compare to developed region such as North America and Europe owing to this market for exhaust heat power generation system is likely to hamper during forecast period, says the report.
The TMR report has split the exhaust heat power generation system market for automotive based on technology, fuel type, vehicle type, and region. On the basis of technology, the market is classified into thermo electric generators and heat pipes. Both the systems are used to extract exhaust heat to generate electricity which is used for various electronics applications. Both the technology used in combination produces more reliable exhaust heat power generation system. In terms of vehicle type, the exhaust heat power generation system market for automotive is segregated into passenger vehicles and commercial vehicles. Passenger vehicle segment is likely to dominate the exhaust heat power generation system market for automotive during forecast period. Majority of the OEMs are doing study on power generation from exhaust heat for passenger cars owing to which passenger vehicle segment is likely to drive the market during upcoming period.
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On the basis of fuel type, the exhaust heat power generation system market for automotive is divided into gasoline engine and diesel engine. Gasoline engine held major share in current situation and because of stringent emission norms diesel engines are likely to replace by alternative fuel. The report anticipates the gasoline engine to dominate the market for exhaust heat power generation market during upcoming years. On a geographical stand, the exhaust heat power generation system market for automotive is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Among these, North America is likely to dominate the exhaust heat power generation system during predicted years. Faurecia developed system which convert exhaust heat into electricity for hybrid cars and for commercial vehicle. Company provides exhaust systems for general motors, Ford, and Chrysler and is also a Cummins vendors in North America region. Stricter emission norms and growing fuel efficiency demand forced other auto manufacturers to install exhaust recovery system.
Some of the major players operating in the global exhaust heat power generation system market for automotive are profiled in this report to give a better competitive analysis of the market and these include include Tenneco Inc., Faurecia, AVL LIST GmbH, and others.
To read more about global exhaust heat power generation system market, click here.
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