"Automotive Energy Recovery Systems Market - Global Trends and forecast to 2019" Published

From: Fast Market Research, Inc.
Published: Thu Dec 25 2014

Automotive Energy Recovery Systems Market by Regenerative Braking [by Region (Asia-Oceania; North America; Europe; and ROW) & by Passenger Car Type (Electric Vehicles, Hybrid Vehicles, and Plug-in Hybrid Electric Vehicles)], by Waste Heat Recovery Systems (by EGR and by Turbochargers), by KERS [by Region (Asia-Pacific, Europe, North America, and ROW)] - Global Trends and forecast to 2019

An automotive energy recovery system is the one that harnesses the energy created by various functions of an automobile instead of letting it dissipate. This energy is then transformed and stored for immediate or later use. The recovered energy can be used to provide additional power to the engine or for the functioning of the vehicles' axillaries. The usage of the energy recovery systems in the current-generation automobile can be directly linked to the reduction of greenhouse gases (GHGs) and the optimization of the vehicle's powertrain.

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Regenerative Braking systems are devices that reduce the vehicle speed by converting a part of the kinetic energy into electrical energy. The energy captured through regenerative braking can be stored in any of the three following devices: an electrochemical battery, a flywheel or a regenerative fuel cell. Regenerative braking brings into use, the principal of an electric motor acting as a generator. It re-uses kinetic energy by using its electric motor to regenerate electricity.

Kinetic energy recovery system is an automotive system for recovering a moving vehicle's kinetic energy when brakes are applied. The recovered energy is stored in a reservoir (a flywheel, battery, or a super capacitor) to be used later when the vehicle is under acceleration. Electrical systems use a motor-generator installed in the vehicle's transmission system, which converts mechanical energy into electrical charge. Once the energy has been harnessed, it is stored in a battery and used when required.

Exhaust waste heat recovery systems are mainly used to convert the heat extracted from hot exhaust gases into electrical power. An average automobile converts only about a quarter of its fuel energy content into useful power so as to move the vehicle. The remaining energy is consumed by a variety of irreversible losses dominated by waste heat dissipation through the radiator and engine exhaust. This system converts this heat extracted from hot exhaust gases into electrical power, which can then be used to power the electrical systems in the vehicle or recharge the battery.

The factors driving the growth of the market for the automotive energy recovery systems are an increase in fuel efficiency provided by these systems, improvement in vehicle performance, and lesser CO2 emissions by the vehicle. However, high cost of the system and its low adoption rates due to lack of awareness in the market are the key factors restraining the growth.

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