Exhaust Heat Recovery System Market Worldwide

Exhaust Heat Recovery System Market Regional Insights

Asia Pacific dominated the market with a 56% share by 2022. Asia Pacific is expected to witness the highest growth during the forecast period. Government regulations in this area are becoming increasingly stringent; For example, there are BS-VI standards which have been implemented by the Government of India to curb the emissions of vehicles. Coupled with environmental regulations, exhaust heat recovery systems will become increasingly popular as they not only reduce the amount of pollution emitted by vehicles, but also improve their fuel economy.

North America is anticipated to exhibit moderate growth in the global exhaust heat recovery system market. Government regulations on energy conservation and efficiency, tax breaks and other government incentives are some of the factors that make the market apart from the fact that the region is known for its continuous technological development period all in the heat recovery business providing ongoing opportunities for the market growth. Moreover, it is believed that the US. and contributed significantly to the growth of the North American market due to the widespread use of combustion systems to improve the exhaust efficiency of coal-fired power plants and generate zero-carbon electricity.

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Global Exhaust Heat Recovery System Market size was valued at USD 17.1 billion in 2023 and is poised to grow from USD 18.21 billion in 2024 to USD 30.14 billion by 2032, growing at a CAGR of 6.5% during the forecast period (2025-2032).

The competitive environment of the Global Exhaust Heat Recovery System Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Established organizations within the industry leverage techniques inclusive of product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market position. Additionally, the market is witnessing elevated opposition from local and neighborhood producers supplying cost-powerful options. 'iRobot Corporation (USA) ', 'Ecovacs Robotics Co., Ltd. (China) ', 'SharkNinja Operating LLC (USA) ', 'Samsung Electronics Co., Ltd. (South Korea) ', 'LG Electronics Inc. (South Korea) ', 'Electrolux AB (Sweden) ', 'Panasonic Corporation (Japan) ', 'Roborock Technology Co., Ltd. (China) ', 'Neato Robotics, Inc. (USA) ', 'Eufy (Anker Innovations) (China) ', 'Dyson Ltd. (UK) ', 'Cecotec Innovaciones SL (Spain) ', 'Haier Group Corporation (China) ', 'Hitachi, Ltd. (Japan) ', 'ILIFE Innovation Ltd. (China) ', 'Proscenic (China) ', 'Tesvor (China) ', 'Xiaomi Corporation (China) ', 'Dreame Technology (China) ', 'Trifo (USA)'

Governments around the world mandate fuel-efficient vehicles to reduce pollution and climate emissions from vehicles. For example, the European Union (EU) mandated that the average fuel efficiency of all fleet manufacturers should not reach the US level. 57 miles per gallon (mpg) by 2021, surpassing the U.S. average. 41.9 miles per gallon in 2015 and the U.S. average. 92 miles per gallon by 2030 driven by integration will infuse its vehicles with advanced technology and improve the fleet as well. The performance of a car depends on the engine. Therefore, car manufacturers are urged to develop efficient engines, which can meet both requirements and provide improved performance & fuel efficiency simultaneously. Exhaust heat recovery solutions such as turbochargers and exhaust gas recirculation systems (EGR) are primarily turbo-boosted engines with smaller sizes and are specifically designed to increase fuel efficiency as per industry fuel consumption operate properly in accordance with Euro VI standards.

Stringent Emissions Regulations Are Driving Market Growth: The market CAGR for air recovery systems is driven by stringent emissions regulations. With increasing focus on the impacts of climate change and the UN's warning that the world only has a 12-year window to deal with, various sustainability industries, including the automotive industry, are taking shape some products to reduce their CO2 footprint. According to the World Health Organization, the transportation sector is the fastest growing source of all greenhouse gas emissions. This is primarily due to land and air travel, but the process is just as harmful as driving. The EU has committed to reducing greenhouse gas emissions throughout the second Kyoto Protocol.