The exhaust heat recovery system (EHRS) market is primarily driven by the increasing stringency toward the automotive emissions across the globe. The exhaust heat recovery system market is projected to grow at a CAGR of 10.38% from 2018 to 2025. From a market size of USD 32.54 billion in 2018, it is projected to reach USD 64.94 billion by 2025.
“Construction equipment expected to be the largest market for exhaust heat recovery system, by off-highway vehicles”
The growth in the off-highway segment can be observed with the increase in the infrastructural activities across the globe. This has increased demand for the construction equipment, which has subsequently boosted the technologies and components market. With the introduction of new emission norms, off-highway vehicles are mandated to be under emission limits, which has positively impacted the EHRS market.
“Future heat recovery technologies, ORC and TEG are projected to be the fastest growing segment of the EHRS market”
With the advancement of technologies, the manufactures of exhaust heat recovery systems are investing in the research and development of the new EHRS technologies, which will meet the emission standards. Future technologies such as ORC and TEG can reuse the exhaust heat for auxiliary purposes such as HVAC and battery charging. Due to such benefits over conventional technologies, ORC and TEG are expected to report exponential growth during the forecast period. The growth can be observed with the increase in demand for commercial vehicles. Due to size constraints, the ORC would be fitted onto the CVs first. However, TEG has potential opportunities in the passenger car segment.
“Asia Oceania to be the largest and fastest growing market for EHRS”
Asia Oceania is the largest market for small passenger cars, and the majority of the cars in this region run on gasoline. However, due to huge vehicle production in the region, diesel vehicles are also present in significant numbers. A large number of diesel vehicles are equipped with conventional technologies such as EGR and turbocharger. Currently, the gasoline-powered vehicles have a very less installation rate of exhaust heat recovery technologies, but due to stringent 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.
• By Company Type - Tier I – 55 %, OEMs – 30% and Tier II – 15%
• By Designation – C level – 45%, Director level – 34%, Others – 21%
• By Region – Europe - 35%, North America – 25%, Asia Oceania – 25%, RoW – 15%
The report provides detailed profiles of the following companies:
• Faurecia (France)
• Mahle (Germany)
• Continental (Germany)
• Denso (Japan)
• Valeo (France)
• BorgWarner (US)
• Dana (US)
• Calsonic Kansei (Japan)
• Delphi Technologies (UK)
• Mitsubishi Electric (Japan)
Research Coverage
Exhaust Heat Recovery System Market by Technology (EGR, Turbocharger, ORC, and TEG), Component (EGR Valve, EGR Cooler, Turbine, Compressor, Evaporator, Condenser, Expander, Pump, Thermoelectric Module, and Heat Exchanger), vehicle type (PC, LCVs, Trucks, and Buses), hybrid vehicles (HEVs and PHEVs), off-highway vehicles (construction equipment and agriculture tractors), and region (Asia Pacific, Europe, North America, and RoW)
Reasons to Buy the Report:
The report provides insights with reference to the following points:
• Market Development: The report provides comprehensive information about lucrative emerging markets. The report analyzes the markets for the global EHRS market across regions.
• Product Development/Innovation: The report offers detailed insights into R&D activities, upcoming technologies, and new product launches in the global EHRS market.
• Market Diversification: The report provides detailed information about untapped markets, investments, new products, and recent developments in the global EHRS market.
• Competitive Assessment: The report provides an in-depth assessment of strategies, products, and manufacturing capabilities of leading players in the global EHRS market.
• Market coverage: The report provides market details for 17 countries by conventional EHRS technologies (EGR and Turbocharger) as well as future technologies (ORC and TEG).
1 INTRODUCTION 20
1.1 OBJECTIVES OF THE STUDY 20
1.2 MARKET DEFINITION 20
1.3 MARKET SCOPE 21
1.3.1 MARKETS COVERED 21
1.3.2 YEARS CONSIDERED FOR THE STUDY 22
1.4 CURRENCY 22
1.5 PACKAGE SIZE 23
1.6 LIMITATIONS 23
1.7 STAKEHOLDERS 23
2 RESEARCH METHODOLOGY 24
2.1 RESEARCH DATA 24
2.2 SECONDARY DATA 26
2.2.1 KEY SECONDARY SOURCES FOR BASE NUMBERS 26
2.2.2 KEY SECONDARY SOURCES FOR MARKET SIZING 26
2.2.3 KEY DATA FROM SECONDARY SOURCES 27
2.3 PRIMARY DATA 27
2.3.1 SAMPLING TECHNIQUES & DATA COLLECTION METHODS 28
2.3.2 PRIMARY PARTICIPANTS 28
2.4 MARKET SIZE ESTIMATION 29
2.4.1 BOTTOM-UP APPROACH 29
2.5 MARKET BREAKDOWN AND DATA TRIANGULATION 30
2.6 ASSUMPTIONS 31
3 EXECUTIVE SUMMARY 33
4 PREMIUM INSIGHTS 36
4.1 ATTRACTIVE OPPORTUNITIES IN THE FUTURE EXHAUST HEAT RECOVERY
SYSTEM MARKET 36
4.2 EXHAUST HEAT RECOVERY SYSTEM MARKET, BY TECHNOLOGY 37
4.3 EXHAUST HEAT RECOVERY SYSTEM MARKET, BY COMPONENT 38
4.4 EXHAUST HEAT RECOVERY SYSTEM MARKET, BY VEHICLE TYPE 39
4.5 EXHAUST HEAT RECOVERY SYSTEM MARKET, BY HYBRID VEHICLE 40
4.6 EXHAUST HEAT RECOVERY SYSTEM MARKET, BY OFF-HIGHWAY VEHICLE 40
4.7 EXHAUST HEAT RECOVERY SYSTEM MARKET, BY REGION 41
5 MARKET OVERVIEW 42
5.1 INTRODUCTION 42
5.1.1 DRIVERS 44
5.1.1.1 Introduction of stringent emission regulations 44
5.1.1.1.1 Emission regulation for on-road vehicles 44
5.1.1.1.2 Emission regulation for off-road vehicles 45
5.1.1.2 Growing demand for diesel vehicles, especially in commercial vehicle segment, to foster the growth of EHR systems 46
5.1.2 RESTRAINTS 49
5.1.2.1 Shifting trend toward electric propulsion in light-duty vehicles in developed countries 49
5.1.3 OPPORTUNITIES 50
5.1.3.1 Use of exhaust heat for auxiliary applications like HVAC and oil cooling 50
5.1.3.2 Rapid adoption of EGR and Turbocharger in gasoline vehicle will boost the market for EHRS 50
5.1.4 CHALLENGES 51
5.1.4.1 Commercialization, less cost-effectiveness and low efficiency of future technologies like TEG & ORC 51
5.1.4.2 Harmonization of emission standards 51
6 TECHNOLOGICAL OVERVIEW 53
6.1 INTRODUCTION 53
6.2 ENGINE TECHNOLOGIES VS EXHAUST HEAT RECOVERY SYSTEM 54
6.3 DANA’S THERMAL MANAGEMENT SOLUTION (EGHR SYSTEM) 54
6.4 BORGWARNER’S EXHAUST HEAT RECOVERY SYSTEM (EHRS) 55
6.4.1 EHRS FOR HYBRID ELECTRIC VEHICLES (HEV) & PLUG-IN HYBRID ELECTRIC VEHICLES (PHEV) 55
6.4.2 FLEX FUEL TURBOCHARGER 55
6.5 TENNECO FUTURE EXHAUST HEAT RECOVERY SYSTEM 56
6.5.1 THERMOELECTRIC GENERATORS (TEG) FOR POWERING ELECTRICAL ACCESSORIES 56
6.5.2 RANKINE CYCLE 56
6.6 SANGO CONVENTIONAL AND FUTURE EXHAUST HEAT RECOVERY SYSTEM 56
6.6.1 HEAT COLLECTORS 56
6.6.2 THERMOELECTRIC GENERATION TECHNOLOGY 56
6.7 AVL WASTE HEAT RECOVERY SYSTEM FOR COMMERCIAL VEHICLES 56
6.8 CONTINENTAL THERMOELECTRIC GENERATION TECHNOLOGY 57
6.9 FAURECIA EXHAUST HEAT RECOVERY SYSTEM 57
6.9.1 LOW-PRESSURE EXHAUST GAS RECIRCULATION (LP EGR) 57
6.9.2 ELECTRICALLY-HEATED CATALYST 57
6.9.3 EXHAUST HEAT POWER GENERATION (EHPG) SYSTEM 57
7 EXHAUST HEAT RECOVERY SYSTEM MARKET, BY TECHNOLOGY 58
Note – The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Oceania, Europe, North America, and RoW
7.1 INTRODUCTION 59
7.2 CONVENTIONAL TECHNOLOGY 61
7.2.1 EXHAUST GAS RECIRCULATION (EGR) 61
7.2.1.1 Asia Oceania has the largest EGR installation rate in diesel vehicles 61
7.2.2 TURBOCHARGER 62
7.2.2.1 Expansions to be the key strategy to boost turbocharger market. 62
7.3 FUTURE TECHNOLOGY 63
7.3.1 ORGANIC RANKINE CYCLE (ORC) 63
7.3.1.1 ORC is projected to get first commercialized for heavy duty vehicles 64
7.3.2 THERMOELECTRIC GENERATOR (TEG) 65
7.3.2.1 TEG is expected to be first commercialized in the developed countries 65
8 EXHAUST HEAT RECOVERY SYSTEM MARKET, BY COMPONENT 67
Note – The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Oceania, Europe, North America, and RoW
8.1 INTRODUCTION 67
8.2 EGR COMPONENT 69
8.2.1 EGR VALVE 70
8.2.1.1 Asia Oceania is expected to be the largest market for EGR valve. 70
8.2.2 EGR COOLER 71
8.2.2.1 With increase in gasoline vehicle, North America is to be the largest market for EGR cooler 71
8.3 TURBOCHARGER COMPONENT 72
8.3.1 TURBINE 73
8.3.1.1 Asia Oceania is the largest and fastest market for turbocharger turbine 73
8.3.2 COMPRESSOR 74
8.3.2.1 North America is the fastest growing market for compressor 74
8.4 ORGANIC RANKINE CYCLE (ORC) 75
8.4.1 EVAPORATOR 76
8.4.1.1 Asia Oceania is expected to be the largest and fastest market for Evaporator 76
8.4.2 CONDENSER 77
8.4.2.1 During the forecast period condenser market is expected to follow the same trend as that of evaporator 77
8.4.3 EXPANDER 78
8.4.3.1 Asia Oceania is projected to be the largest market for expander 78
8.4.4 PUMP 79
8.4.4.1 Asia Oceania is expected to be the largest and fastest market for pump. 79
8.5 THERMOELECTRIC GENERATOR (TEG) 80
8.5.1 THERMOELECTRIC MODULE 81
8.5.1.1 Asia Oceania is to be the fastest growing market for thermoelectric module 81
8.5.2 HEAT EXCHANGER 82
8.5.2.1 Asia Oceania is expected to be the largest market for heat exchanger 82
9 EXHAUST HEAT RECOVERY SYSTEM MARKET, BY VEHICLE TYPE 83
Note – The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Oceania, Europe, North America, and RoW
9.1 INTRODUCTION 84
9.2 PASSENGER CAR 86
9.2.1 OWING TO LARGEST MARKET FOR PASSENGER CARS, ASIA OCEANIA IS EXPECTED TO BE FASTEST GROWING MARKET 86
9.3 LIGHT COMMERCIAL VEHICLE (LCV) 87
9.3.1 OWING TO LARGEST SHARE OF LCV, NORTH AMERICA IS EXPECTED TO BE FASTEST GROWING MARKET 88
9.4 TRUCK 88
9.4.1 THE MARKET IS ESTIMATED TO BE DOMINATED BY THE ASIA OCEANIA REGION 89
9.5 BUSES 89
9.5.1 EHRS MARKET FOR BUSES IS EXPECTED TO BE DOMINATED BY THE
ASIA OCEANIA REGION 90
10 EXHAUST HEAT RECOVERY SYSTEM MARKET, BY HYBRID AND PLUG-IN HYBRID VEHICLE 91
Note – The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Oceania, Europe, North America, and RoW
10.1 INTRODUCTION 92
10.2 HYBRID ELECTRIC VEHICLE (HEV) 94
10.2.1 IN HEV, EHRS WILL GREATLY BE SEEN IN THE NORTH AMERICAN AND EUROPEAN REGION 94
10.3 PLUG-IN HYBRID ELECTRIC VEHICLE (PHEV) 95
10.3.1 THE SALES OF PHEV VEHICLES ARE LIKELY TO INCREASE BY 2025 96
11 EXHAUST HEAT RECOVERY SYSTEM MARKET, BY OFF HIGHWAY VEHICLE 97
Note – The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Oceania, Europe, North America, and RoW
11.1 INTRODUCTION 98
11.2 AGRICULTURAL TRACTOR 99
11.2.1 INCREASE IN MECHANIZATION TO DRIVE THE AGRICULTURAL TRACTORS MARKET 100
11.3 CONSTRUCTION EQUIPMENT 100
11.3.1 TURBOCHARGERS AND EGR ARE PREDOMINANTLY USED IN CONSTRUCTION EQUIPMENT 101
12 EXHAUST HEAT RECOVERY SYSTEM MARKET, BY REGION 102
Note - The Chapter is Further Segmented by technology type and considered technologies are EGR, Turbocharger, ORC, and TEG
12.1 INTRODUCTION 103
12.2 ASIA OCEANIA 105
12.2.1 BECAUSE OF HEAVY VEHICLE PRODUCTION, CHINA IS EXPECTED TO BE THE LARGEST MARKET FOR EHRS 107
12.2.2 CHINA 109
12.2.2.1 China has higher adoption rate of conventional as well as future EHRS technologies 109
12.2.3 INDIA 110
12.2.3.1 Rapidly growing demand for commercial vehicle, ORC market will be boosted 110
12.2.4 JAPAN 111
12.2.4.1 Future technologies like ORC & TEG are expected to show significant growth in Japan 111
12.2.5 SOUTH KOREA 112
12.2.5.1 Turbocharger is expected to be the largest market for EHRS in
South Korea. 112
12.2.6 THAILAND 113
12.2.6.1 In terms of conventional technologies, turbocharger is expected to showcase largest market 113
12.2.7 ASIA OCEANIA OTHERS 114
12.2.7.1 Future technology like ORC and TEG are expected to have low market share 114
12.3 EUROPE 116
12.3.1.1 EHRS technologies like EGR and Turbocharger are expected to show promising market for gasoline vehicle 117
12.3.2 GERMANY 119
12.3.2.1 ORC is expected to show fastest EHRS market 119
12.3.3 FRANCE 120
12.3.3.1 Turbocharger market is expected to be the fastest growing market 120
12.3.4 SPAIN 121
12.3.4.1 Growing vehicle production and emission norms will boost the Spain market 121
12.3.5 TURKEY 122
12.3.5.1 Turkey has the significant share in diesel cars, hence EGR is expected have the largest share 122
12.3.6 UK 123
12.3.6.1 With significant investments, ORC is expected to be the fastest growing market 123
12.3.7 RUSSIA 124
12.3.7.1 Turbocharger market is expected to be the fastest growing market. 124
12.3.8 EUROPE OTHERS 125
12.3.8.1 Low technological advancement to hinder ORC and TEG market growth 125
12.4 NORTH AMERICA 126
12.4.1 US IS EXPECTED TO HAVE THE LARGEST NORTH AMERICAN MARKET FOR FUTURE TECHNOLOGIES LIKE TEG AND ORC 128
12.4.2 US 129
12.4.2.1 Presence of EHRS manufacturers and OEM’s, to uplift the market. 129
12.4.3 CANADA 130
12.4.3.1 Presence of few tier 1 players and OEM’s, hinder the market 130
12.4.4 MEXICO 131
12.4.4.1 Mexico is the fastest growing EHRS market as it is second largest market In North America 131
12.5 ROW 132
12.5.1 BRAZIL IS EXPECTED TO BE THE LARGEST MARKET FOR EHRS IN ROW REGION 132
12.5.2 BRAZIL 133
12.5.2.1 Turbocharger is expected to have the largest market share. 133
12.5.3 IRAN 134
12.5.3.1 Low technological adoption to hinder TEG and ORC market growth 134
12.5.4 ROW OTHERS 135
12.5.4.1 Turbocharger is expected to have the largest market over the forecast period. 135
13 COMPETITIVE LANDSCAPE 137
13.1 OVERVIEW 137
13.2 EXHAUST HEAT RECOVERY SYSTEM MARKET FOR AUTOMOTIVE: MARKET SHARE ANALYSIS 138
13.3 COMPETITIVE SCENARIO 138
13.3.1 EXPANSIONS 139
13.3.2 SUPPLY CONTRACTS/AGREEMENTS 140
13.3.3 NEW PRODUCT LAUNCHES/DEVELOPMENTS 140
13.3.4 PARTNERSHIPS/JOINT VENTURES/ACQUISITION 141
14 COMPANY PROFILES 142
(Business overview, Products offered, Recent developments & SWOT analysis)*
14.1 FAURECIA 142
14.2 MAHLE 145
14.3 CONTINENTAL 148
14.4 DENSO 151
14.5 BORGWARNER 153
14.6 VALEO 157
14.7 DANA 159
14.8 CALSONIC KANSEI 160
14.9 DELPHI TECHNOLOGIES 162
14.10 MITSUBISHI ELECTRIC 164
14.11 ADDITIONAL COMPANY PROFILES 166
14.11.1 NORTH AMERICA 166
14.11.1.1 Clean Diesel Technologies 166
14.11.1.2 Katcon 166
14.11.1.3 Tenneco Inc. 166
14.11.2 ASIA OCEANIA 167
14.11.2.1 Sankei Giken Kogyo Co., Ltd. 167
14.11.2.2 Hanon Systems 167
14.11.3 EUROPE 167
14.11.3.1 Bosal 167
14.11.3.2 Eberspaecher 167
14.11.3.3 Johnson Matthey 168
14.11.3.4 Schaeffler 168
14.11.3.5 HELLA 168
*Details on Business overview, Products offered, Recent developments & SWOT analysis might not be captured in case of unlisted companies.
15 APPENDIX 169
15.1 INSIGHTS OF INDUSTRY EXPERTS 169
15.2 DISCUSSION GUIDE 170
15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 174
15.4 AVAILABLE CUSTOMIZATIONS 176
15.4.1 EXHAUST HEAT RECOVERY SYSTEM MARKET FOR HYBRID AND PLUG-IN HYBRID VEHICLE, BY TECHNOLOGY 176
15.4.1.1 Hybrid vehicle 176
15.4.1.1.1 EGR 176
15.4.1.1.2 Turbocharger 176
15.4.1.1.3 ORC 176
15.4.1.1.4 TEG 176
15.4.1.2 Plugin hybrid vehicle 176
15.4.1.2.1 EGR 176
15.4.1.2.2 Turbocharger 176
15.4.1.2.3 ORC 176
15.4.1.2.4 TEG 176
15.4.2 EXHAUST HEAT RECOVERY SYSTEM MARKET FOR OFF HIGHWAY VEHICLE,
BY TECHNOLOGY 176
15.4.2.1 Agricultural tractor 176
15.4.2.1.1 EGR 176
15.4.2.1.2 Turbocharger 176
15.4.2.1.3 ORC 176
15.4.2.1.4 TEG 176
15.4.2.2 Construction equipment 176
15.4.2.2.1 EGR 176
15.4.2.2.2 Turbocharger 176
15.4.2.2.3 ORC 176
15.4.2.2.4 TEG 176
15.4.3 EXHAUST HEAT RECOVERY SYSTEM MARKET FOR ON HIGHWAY VEHICLE,
BY VEHICLE TYPE & TECHNOLOGY 177
15.4.3.1 Passenger car 177
15.4.3.1.1 EGR 177
15.4.3.1.2 Turbocharger 177
15.4.3.1.3 ORC 177
15.4.3.1.4 TEG 177
15.4.3.2 LCV 177
15.4.3.2.1 EGR 177
15.4.3.2.2 Turbocharger 177
15.4.3.2.3 ORC 177
15.4.3.2.4 TEG 177
15.4.3.3 Truck 177
15.4.3.3.1 EGR 177
15.4.3.3.2 Turbocharger 177
15.4.3.3.3 ORC 177
15.4.3.3.4 TEG 177
15.4.3.4 Bus 177
15.4.3.4.1 EGR 177
15.4.3.4.2 Turbocharger 177
15.4.3.4.3 ORC 177
15.4.3.4.4 TEG 177
15.5 RELATED REPORT 178
15.6 AUTHOR DETAILS 179
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