The Global Regenerative Braking Systems (RBS) is anticipated to grow at a high rate over the forecast period. The growth of the market is attributed to introduction of technologically advance RBS for two-wheeler on account of substantial growth in the demand for two-wheeler among countries such as India, China, Brazil , burgeoning inclination towards electric and hybrid vehicle in curb carbon emission and rising adoption of RBS in passenger cars and commercial vehicles to enhance the fuel efficiency. Moreover, increasing government spending toward modernization of the transportation structure coupled with growing demand for electric passenger cars and the snowballing deployment of RBS in hybrid vehicle are strongly contributed toward the growth of the market in the forthcoming timeline.
According to MarkNtel Advisors’ research report “Global Regenerative Braking System Market Analysis, 2020”, the Global Regenerative Braking System market is anticipated to grow at a CAGR of around 5% during 2021-26F. Based on Storage Type, Ultracapacitors acquired the significant market share in 2019. Ultracapacitor based RBS provides provide better performance capability and are more efficiently work during peak power demand by delivering substantial amount of power quickly in comparison with batteries. The adoption rate of ultracapacitor based RBS is projected to surge high rate in the coming years.
“Global Regenerative Braking System Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Regenerative Braking System providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
North America Acquired the Majority Market Share
North America acquired the majority market share in the Global Regenerative Braking System market in 2020. The US dominated the North America region due to laid down of stringent governments government regulation regarding the emission of GHG is propelling the demand for electric vehicle in the country. Beside this, burgeoning spending towards electric vehicle supply equipment EVSE infrastructure, coupled with introduction of technological advancement in electric passenger car RBS and significant rise in traffic congestion are some of the factor propelling the demand for Regenerative Braking System Market in the forthcoming period as stated in MarkNtel Advisors’ research report “Global Regenerative Braking System Market Analysis, 2020”.
According to MarkNtel Advisors’, the key players with a considerable market share in the Global Regenerative Braking System market are Aisin Seiki Co., Ltd., Autoliv Nissin Brake Systems, Continental AG, Eaton Corporation Plc, Maxwell Technologies, Mazda Motor Corporation, Skeleton Technologies, Robert Bosch GmbH, Hyundai Mobis Co., Ltd, Nissin Kogyo Co., Ltd. etc.
Key questions answered in the study: