Exhaust Heat Recovery System Market - Industry Analysis, Market - Forecast(2024 - 2030)

Report Code: AM 48145 Report Format: PDF + Excel

Exhaust Heat Recovery System Market Overview

Exhaust Heat Recovery System Market size is expected to be valued at $63 billion by the end of the year 2030 and the Exhaust Heat Recovery System Market industry is set to grow at a CAGR of 8.3% during the forecast period from 2024-2030. Exhaust Heat Recovery System is a technology that captures waste heat from exhaust gases and converts it into usable energy. By recovering and utilizing this otherwise wasted heat, Exhaust Heat Recovery System systems contribute to improved fuel efficiency, reduced emissions, and overall energy conservation. Increasingly stringent emission regulations, coupled with the volatile fuel prices intensified the demand for energy-efficient solutions. According to the US Environmental Protection Agency (EPA), CO2 emissions from a gallon of gasoline produces 8,887 grams CO2/ gallon while CO2 emissions from a gallon of diesel produces 10,180 grams CO2/ gallon. Exhaust Heat Recovery System technology offers an effective solution by capturing and repurposing waste heat from exhaust gases, addressing CO2 emissions in the transportation sector. 

In a notable advancement for the exhaust heat market, researchers and manufacturers are increasingly adopting innovative materials aimed at improving efficiency, heat management, and reducing emissions across multiple industries. A key example is the use of silicon carbide (SiC) ceramics, which are recognized for their outstanding thermal resistance and lightweight properties. The rising sales of hybrid vehicles are significantly boosting the heat exhaust systems market as consumers increasingly seek environmentally friendly and cost-effective, fuel-efficient alternatives. According to a report from Economic Times in September 2024, hybrid vehicle sales have steadily increased s in regions such as China, Japan, Korea, the UK, France, and the US. Notably, China experienced a remarkable nearly fourfold increase in hybrid penetration, reaching 19.9% in the first half of 2024, up from 5.3% in 2021. Similarly, Korea has seen substantial growth, with hybrid penetration rising to 25.2% from 11.8% in the same timeframe. As production of hybrid vehicles accelerates, there is an increasing demand for innovative materials and technologies, including advanced ceramics, to improve heat recovery and management.

Exhaust Heat Recovery System Market- Report Coverage

The report: “Exhaust Heat Recovery System Market – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Exhaust Heat Recovery System Market Industry.

Attribute Segment

By Technology
  • Exhaust Gas Recirculation (EGR)
  • Thermoelectric Generator (TEG)
  • Organic Rankine Cycle (ORC)
  • Turbocharger
  • Others

By Components
  • Turbine
  • TEG Module
  • Compressor
  • Evaporator
  • EGR Valve
  • EGR Cooler
  • Condenser
  • Expander
  • Others

By Vehicle Type
  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy commercial Vehicles

By Sales Channel
  • OEMs
  • Aftermarket

By Geography
  • North America (U.S, Canada and Mexico)
  • Europe (Germany, UK, France, Italy, France, Netherlands, Belgium Spain, Russia and Rest of Europe)
  • APAC (China, Japan India, South Korea, Australia, New Zealand, Indonesia, Taiwan, Malaysia),
  • South America (Brazil, Argentina, Chile, Colombia and Rest of South America)
  • Rest of the World (Middle East and Africa)

COVID-19 / Ukraine Crisis - Impact Analysis:  

  • COVID -19 resulted in delays in production and a decline in vehicle sales. This slowdown was partly offset by a shift in consumer priorities, as many opted for personal vehicles over public transportation, driving interest in fuel-efficient options. Additionally, the crisis heightened awareness of environmental issues, prompting consumers and manufacturers to prioritize sustainability, which in turn increased demand for technologies like exhaust heat recovery systems. 
  • The Russia-Ukraine war conflict caused major disruptions in global supply chains, particularly in Europe, as many manufacturers rely on components sourced from Russia and Ukraine. This reliance has resulted in shortages of materials and increased lead times for production. Additionally, the war has led to a spike in energy prices, which affects the cost of production for manufacturers of exhaust heat recovery systems. Higher energy costs may lead to increased prices for end products, subsequently impacting overall market demand. 

Key Takeaways

Asia- Pacific Dominates the market

The Asia-Pacific region boasts a massive and growing consumer base, with rising disposable incomes leading to increased demand for vehicles. As per the International Organization of Motor Vehicle Manufacturers (OICA), in India 4.8 million cars were sold in 2023 compared to 4.4 million cars in 2022. Volatile fuel prices due to geopolitical situations are leading to a heightened need for fuel-efficient vehicles, further accelerating the adoption of exhaust heat recovery systems. Additionally, the rapid expansion of the automotive sector in emerging economies combined with a skilled workforce and advancements in manufacturing technologies significantly supports the development and integration of these systems. Chinese automobile manufacturer Geely announced $10 billion investment to develop Malaysia's main auto-making hub, as per the state news agency Bernama.

Passenger Vehicles are the Largest Segment

Passenger vehicles constitute the largest segment of the Exhaust Heat Recovery System market. Passenger vehicles represent a significant share of global vehicle sales, driving market demand. According to OICA, total global vehicle sales reached 92.7 million in 2023, with passenger vehicles constituting the majority at approximately 65.3 million units. This marks an 11% increase from 2022, when sales were around 58.6 million. The substantial volume of passenger car production, along with a growing emphasis on fuel efficiency and increasingly stringent emissions regulations worldwide, underscores the need for widespread adoption of exhaust heat recovery system technology. Furthermore, rapid advancements in automotive technology facilitate the integration of sophisticated exhaust heat recovery systems in passenger vehicles, enhancing innovations such as turbocharging and hybrid powertrains. As consumers become more environmentally conscious, there is a rising preference for vehicles that deliver better fuel economy and lower emissions, making heat recovery systems a highly desirable feature.   

Thermoelectric Generator to Grow the Fastest

The thermoelectric generator (TEG) sector is experiencing rapid growth within the broader Exhaust Heat Recovery System (Exhaust Heat Recovery System) market, driven by its inherent advantages.   Thermoelectric generators (TEGs) are one such distributed power source that relies on thermal energy for electricity generation. The design and optimization of TEGs maximize the power output from the available thermal sources. TEGs, characterized by their compact size, lightweight design, and absence of moving parts, offer a compelling solution for capturing and converting waste heat into electricity. This technology's ability to operate silently and efficiently in diverse environments has attracted significant interest from various industries. For instance, Cummins introduced a groundbreaking Exhaust Heat Recovery System for diesel engines in May 2021. The system harnesses waste heat to generate electricity using a thermoelectric generator, resulting in improved fuel efficiency and reduced emissions. 

Stringent emission standards to Drive the Market

Governments worldwide are imposing increasingly stringent regulations to curtail greenhouse gas emissions and improve air quality. For example, in January 2024, India's Ministry of Road Transport and Highways has introduced stricter emission standards for flex-fuel vehicles, requiring tests for both gas and particulate pollutants. Similarly, in March 2024, the U.S. Environmental Protection Agency (EPA) announced new, stringent emissions standards for passenger cars, light-duty trucks, and medium-duty vehicles, targeting both criteria pollutants and greenhouse gases. The rule enhances the EPA’s standards for federal greenhouse gas emissions for passenger cars and light trucks for model years 2023 to 2026, taking advantage of advancements in clean car technology. This regulatory pressure has compelled automotive and industrial sectors to seek innovative solutions to enhance fuel efficiency and reduce their environmental footprint. Exhaust Heat Recovery System technology, by effectively capturing and utilizing waste heat from exhaust gases, presents a compelling proposition to meet these regulatory challenges. Consequently, the demand for Exhaust Heat Recovery System systems is surging as businesses strive to comply with environmental mandates while optimizing operational costs.

Escalating Cost of Fuel to Boost the Market

As the cost of traditional fuels continues to climb, industries and consumers are increasingly seeking innovative solutions to mitigate the financial burden. Exhaust Heat Recovery System technology offers a compelling proposition by harnessing the untapped energy potential within exhaust gases. By converting waste heat into usable energy forms, Exhaust Heat Recovery System systems not only reduce fuel consumption but also contribute to overall operational cost savings. This economic imperative has positioned Exhaust Heat Recovery System as a strategic investment for businesses and individuals aiming to offset the impact of rising fuel prices. Eaton showcased innovative solutions for commercial vehicles at Auto Shanghai 2023. The company unveiled technologies aimed at reducing emissions and improving fuel economy, including compression engine brakes, cylinder deactivation, and late intake valve closing systems. Also, General Motors committed $918 million in early 2023 to upgrade four US manufacturing facilities. This investment was primarily focused on bolstering V8 gasoline engine production, while also allocating funds for electric vehicle component manufacturing.

High Initial Investment Costs to Hamper the Market

The substantial upfront capital investment required for Exhaust Heat Recovery System installation presents a formidable challenge to market penetration. While the long-term operational cost savings and environmental benefits of Exhaust Heat Recovery System are well-established, the initial outlay can be prohibitive for many businesses, particularly those operating on tight budgets. This financial barrier often necessitates significant capital expenditures or securing external financing, potentially delaying or deterring adoption. Overcoming this challenge through financial incentives, leasing options, or modular system designs will be crucial for accelerating Exhaust Heat Recovery System market growth.


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Exhaust Heat Recovery System Market Key Players

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Exhaust Heat Recovery System Market. 
The top 10 players in the Exhaust Heat Recovery System market are 

  1. Denso Corporation
  2. Mitsubishi Heavy Industries
  3. Continental AG
  4. Dana Inc
  5. Eberspaecher Gruppe GmbH & Co. KG
  6. VALEO
  7. Mahle GmbH
  8. Schaeffler AG
  9. Delphi Technologies
  10. BorgWarner

Scope of the Report:

Report Metric Details

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

8.3%

Market Size in 2030

$63 Billion

Segments Covered

By Technology, By Components ,By Vehicle Type ,By Sales Channel and By Geography

Geographies Covered

North America (U.S, Canada and Mexico), Europe (Germany, UK, France, Italy, France, Netherlands, Belgium Spain, Russia and Rest of Europe), APAC (China, Japan India, South Korea, Australia, New Zealand, Indonesia, Taiwan, Malaysia), South America (Brazil, Argentina, Chile, Colombia and Rest of South America) and Rest of the World (Middle East and Africa)

Key Market Players

1. Denso Corporation

2. Mitsubishi Heavy Industries

3. Continental AG

4. Dana Inc

5. Eberspaecher Gruppe GmbH & Co. KG

6. VALEO

7. Mahle GmbH

8. Schaeffler AG

9. Delphi Technologies

10.  BorgWarner

 

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  1. Exhaust Heat Recovery System Market - Market Overview
          1.1 Definitions and Scope
  2. Exhaust Heat Recovery System Market - Executive Summary
          2.1 Key Trends by Technology
          2.2 Key Trends by Components
          2.3 Key Trends by Vehicle Type
          2.4 Key trends by Sales Channel
          2.5 Key trends by Geography
  3. Exhaust Heat Recovery System Market – Landscape
          3.1 Comparative analysis
                    3.1.1 Market Share Analysis- Major Companies
                    3.1.2 Product Benchmarking- Major Companies
                    3.1.3 Major 5 Financials Analysis
                    3.1.4 Patent Analysis- Top Companies
                    3.1.5 Pricing Analysis (ASPs will be provided)
  4. Exhaust Heat Recovery System Market - Startup companies Scenario Premium 
          4.1 Top startup company Analysis by
                    4.1.1 Investment
                    4.1.2 Revenue
                    4.1.3 Market Shares
                    4.1.4 Market Size and Application Analysis
                    4.1.5 Venture Capital and Funding Scenario
  5. Exhaust Heat Recovery System Market – Industry Market Entry Scenario Premium 
          5.1 Regulatory Framework Overview
          5.2 New Business and Ease of Doing business index
          5.3 Successful venture profiles
          5.4 Customer Analysis – Major companies
  6. Exhaust Heat Recovery System Market - Market Forces
          6.1 Market Drivers
          6.2 Market Constraints
          6.3 Porters Five Force Model
                    6.3.1 Bargaining Power of Suppliers
                    6.3.2 Bargaining Powers of Buyers
                    6.3.3 Threat of New Entrants
                    6.3.4 Competitive Rivalry
                    6.3.5 Threat of Substitutes 
  7. Exhaust Heat Recovery System Market – Strategic Analysis
          7.1 Value/Supply Chain Analysis
          7.2 Opportunity Analysis
          7.3 Product/Market Life Cycle
          7.4 Distributor Analysis – Major Companies 
  8. Exhaust Heat Recovery System Market - By Technology 
           8.1 Exhaust Gas Recirculation (EGR)
           8.2 Thermoelectric Generator (TEG)
           8.3 Organic Rankine Cycle (ORC)
           8.4 Turbocharger
           8.5 Others
  19. Exhaust Heat Recovery System Market - By Components
            9.1 Turbine
            9.2 TEG Module
            9.3 Compressor
            9.4 Evaporator
            9.5 EGR Valve
            9.6 EGR Cooler
            9.7 Condenser
            9.8 Expander
            9.9 Others
  10. Exhaust Heat Recovery System Market – By Vehicle Type 
           10.1 Passenger Cars
           10.2 Light Commercial Vehicles
           10.3 Heavy commercial Vehicles 
  11. Exhaust Heat Recovery System Market - By Sales Channel
          11.1 OEMs
          11.2 Aftermarket
  12. Exhaust Heat Recovery System Market - By Geography 
          12.1 North America
                    12.1.1 USA
                    12.1.2 Canada
                    12.1.3 Mexico
          12.2 Europe
                    12.2.1 UK
                    12.2.2 Germany
                    12.2.3 France
                    12.2.4 Italy
                    12.2.5 Netherlands
                    12.2.6 Spain
                    12.2.7 Russia
                    12.2.8 Belgium
                    12.2.12 Rest of Europe
          12.3 Asia-Pacific
                    12.3.1 China
                    12.3.2 Japan
                    12.3.3 India
                    12.3.4 South Korea
                    12.3.5 Indonesia
                    12.3.6 Taiwan
                    12.3.7 Malaysia
                    12.3.8 Australia and New Zealand
                    12.3.12 Rest of APAC
          12.4 South America
                    12.4.1 Brazil
                    12.4.2 Argentina
                    12.4.3 Colombia
                    12.4.4 Chile
                    12.4.5 Rest of South America
          12.5 Rest of the World
                    12.5.1 Middle East
                    12.5.2 Africa
  13. Exhaust Heat Recovery System Market – Entropy
          13.1 New Product Launches
          13.2 M&As, Collaborations, JVs and Partnerships
  14. Exhaust Heat Recovery System Market – Market Share Analysis 
          14.1 Market Share at Global Level - Major companies
          14.2 Market Share by Key Region - Major companies
          14.3 Market Share by Key Country - Major companies
          14.4 Competition Matrix
  15. Exhaust Heat Recovery System Market – Key Company List by Country Premium 
  16. Exhaust Heat Recovery System Market Company Analysis
           16.1 Denso Corporation
           16.2 Mitsubishi Heavy Industries
           16.3 Continental AG
           16.4 Dana Inc
           16.5 Eberspaecher Gruppe GmbH & Co. KG
           16.6 VALEO
           16.7 Mahle GmbH
           16.8 Schaeffler AG
           16.9 Delphi Technologies
           16.10 BorgWarner
  “Financials to the Private Companies would be provided on best-effort basis.”
   

LIST OF TABLES

1.Global Exhaust Heat Recovery System Market, By Technology Market 2023-2030 ($M)
1.1 Conventional Technology Market 2023-2030 ($M) - Global Industry Research
1.1.1 Exhaust Gas Recirculation Market 2023-2030 ($M)
1.1.2 Turbocharger Market 2023-2030 ($M)
1.2 Future Technology Market 2023-2030 ($M) - Global Industry Research
1.2.1 Organic Rankine Cycle Market 2023-2030 ($M)
1.2.2 Thermoelectric Generator Market 2023-2030 ($M)
2.Global Exhaust Heat Recovery System Market, By Component Market 2023-2030 ($M)
2.1 Egr Component Market 2023-2030 ($M) - Global Industry Research
2.1.1 Egr Valve Market 2023-2030 ($M)
2.1.2 Egr Cooler Market 2023-2030 ($M)
2.2 Turbocharger Component Market 2023-2030 ($M) - Global Industry Research
2.2.1 Turbine Market 2023-2030 ($M)
2.2.2 Compressor Market 2023-2030 ($M)
2.2.3 Evaporator Market 2023-2030 ($M)
2.2.4 Condenser Market 2023-2030 ($M)
2.2.5 Expander Market 2023-2030 ($M)
2.2.6 Pump Market 2023-2030 ($M)
2.2.7 Thermoelectric Module Market 2023-2030 ($M)
2.2.8 Heat Exchanger Market 2023-2030 ($M)
3.Global Exhaust Heat Recovery System Market, By Vehicle Type Market 2023-2030 ($M)
3.1 Passenger Car Market 2023-2030 ($M) - Global Industry Research
3.1.1 Owing To Largest Market For Passenger Cars, Is Expected To Be Fastest Growing Market Market 2023-2030 ($M)
3.2 Light Commercial Vehicle Market 2023-2030 ($M) - Global Industry Research
3.2.1 Owing To Largest Share Of Lcv, Is Expected To Be Fastest Growing Market Market 2023-2030 ($M)
3.3 Truck Market 2023-2030 ($M) - Global Industry Research
3.3.1 The Market Is Estimated To Be Dominated By The Region Market 2023-2030 ($M)
3.4 Bus Market 2023-2030 ($M) - Global Industry Research
3.4.1 Ehrs Market For Bus Is Expected To Be Dominated By The Region Market 2023-2030 ($M)
4.Global Exhaust Heat Recovery System Market, By Hybrid And Plug-In Hybrid Vehicle Market 2023-2030 ($M)
4.1 Hybrid Electric Vehicle Market 2023-2030 ($M) - Global Industry Research
4.1.1 In Hev, Ehrs Will Greatly Be Seen In The And Region Market 2023-2030 ($M)
4.2 Plug-In Hybrid Electric Vehicle Market 2023-2030 ($M) - Global Industry Research
5.Global Exhaust Heat Recovery System Market, By Off Highway Vehicle Market 2023-2030 ($M)
5.1 Agricultural Tractor Market 2023-2030 ($M) - Global Industry Research
5.1.1 Increase In Mechanization To Drive The Agricultural Tractor Market Market 2023-2030 ($M)
5.2 Construction Equipment Market 2023-2030 ($M) - Global Industry Research
5.2.1 Turbochargers And Egr Are Predominantly Used In Construction Equipment Market 2023-2030 ($M)
6.Global Exhaust Heat Recovery System Market, By Technology Market 2023-2030 (Volume/Units)
6.1 Conventional Technology Market 2023-2030 (Volume/Units) - Global Industry Research
6.1.1 Exhaust Gas Recirculation Market 2023-2030 (Volume/Units)
6.1.2 Turbocharger Market 2023-2030 (Volume/Units)
6.2 Future Technology Market 2023-2030 (Volume/Units) - Global Industry Research
6.2.1 Organic Rankine Cycle Market 2023-2030 (Volume/Units)
6.2.2 Thermoelectric Generator Market 2023-2030 (Volume/Units)
7.Global Exhaust Heat Recovery System Market, By Component Market 2023-2030 (Volume/Units)
7.1 Egr Component Market 2023-2030 (Volume/Units) - Global Industry Research
7.1.1 Egr Valve Market 2023-2030 (Volume/Units)
7.1.2 Egr Cooler Market 2023-2030 (Volume/Units)
7.2 Turbocharger Component Market 2023-2030 (Volume/Units) - Global Industry Research
7.2.1 Turbine Market 2023-2030 (Volume/Units)
7.2.2 Compressor Market 2023-2030 (Volume/Units)
7.2.3 Evaporator Market 2023-2030 (Volume/Units)
7.2.4 Condenser Market 2023-2030 (Volume/Units)
7.2.5 Expander Market 2023-2030 (Volume/Units)
7.2.6 Pump Market 2023-2030 (Volume/Units)
7.2.7 Thermoelectric Module Market 2023-2030 (Volume/Units)
7.2.8 Heat Exchanger Market 2023-2030 (Volume/Units)
8.Global Exhaust Heat Recovery System Market, By Vehicle Type Market 2023-2030 (Volume/Units)
8.1 Passenger Car Market 2023-2030 (Volume/Units) - Global Industry Research
8.1.1 Owing To Largest Market For Passenger Cars, Is Expected To Be Fastest Growing Market Market 2023-2030 (Volume/Units)
8.2 Light Commercial Vehicle Market 2023-2030 (Volume/Units) - Global Industry Research
8.2.1 Owing To Largest Share Of Lcv, Is Expected To Be Fastest Growing Market Market 2023-2030 (Volume/Units)
8.3 Truck Market 2023-2030 (Volume/Units) - Global Industry Research
8.3.1 The Market Is Estimated To Be Dominated By The Region Market 2023-2030 (Volume/Units)
8.4 Bus Market 2023-2030 (Volume/Units) - Global Industry Research
8.4.1 Ehrs Market For Bus Is Expected To Be Dominated By The Region Market 2023-2030 (Volume/Units)
9.Global Exhaust Heat Recovery System Market, By Hybrid And Plug-In Hybrid Vehicle Market 2023-2030 (Volume/Units)
9.1 Hybrid Electric Vehicle Market 2023-2030 (Volume/Units) - Global Industry Research
9.1.1 In Hev, Ehrs Will Greatly Be Seen In The And Region Market 2023-2030 (Volume/Units)
9.2 Plug-In Hybrid Electric Vehicle Market 2023-2030 (Volume/Units) - Global Industry Research
10.Global Exhaust Heat Recovery System Market, By Off Highway Vehicle Market 2023-2030 (Volume/Units)
10.1 Agricultural Tractor Market 2023-2030 (Volume/Units) - Global Industry Research
10.1.1 Increase In Mechanization To Drive The Agricultural Tractor Market Market 2023-2030 (Volume/Units)
10.2 Construction Equipment Market 2023-2030 (Volume/Units) - Global Industry Research
10.2.1 Turbochargers And Egr Are Predominantly Used In Construction Equipment Market 2023-2030 (Volume/Units)
11.North America Exhaust Heat Recovery System Market, By Technology Market 2023-2030 ($M)
11.1 Conventional Technology Market 2023-2030 ($M) - Regional Industry Research
11.1.1 Exhaust Gas Recirculation Market 2023-2030 ($M)
11.1.2 Turbocharger Market 2023-2030 ($M)
11.2 Future Technology Market 2023-2030 ($M) - Regional Industry Research
11.2.1 Organic Rankine Cycle Market 2023-2030 ($M)
11.2.2 Thermoelectric Generator Market 2023-2030 ($M)
12.North America Exhaust Heat Recovery System Market, By Component Market 2023-2030 ($M)
12.1 Egr Component Market 2023-2030 ($M) - Regional Industry Research
12.1.1 Egr Valve Market 2023-2030 ($M)
12.1.2 Egr Cooler Market 2023-2030 ($M)
12.2 Turbocharger Component Market 2023-2030 ($M) - Regional Industry Research
12.2.1 Turbine Market 2023-2030 ($M)
12.2.2 Compressor Market 2023-2030 ($M)
12.2.3 Evaporator Market 2023-2030 ($M)
12.2.4 Condenser Market 2023-2030 ($M)
12.2.5 Expander Market 2023-2030 ($M)
12.2.6 Pump Market 2023-2030 ($M)
12.2.7 Thermoelectric Module Market 2023-2030 ($M)
12.2.8 Heat Exchanger Market 2023-2030 ($M)
13.North America Exhaust Heat Recovery System Market, By Vehicle Type Market 2023-2030 ($M)
13.1 Passenger Car Market 2023-2030 ($M) - Regional Industry Research
13.1.1 Owing To Largest Market For Passenger Cars, Is Expected To Be Fastest Growing Market Market 2023-2030 ($M)
13.2 Light Commercial Vehicle Market 2023-2030 ($M) - Regional Industry Research
13.2.1 Owing To Largest Share Of Lcv, Is Expected To Be Fastest Growing Market Market 2023-2030 ($M)
13.3 Truck Market 2023-2030 ($M) - Regional Industry Research
13.3.1 The Market Is Estimated To Be Dominated By The Region Market 2023-2030 ($M)
13.4 Bus Market 2023-2030 ($M) - Regional Industry Research
13.4.1 Ehrs Market For Bus Is Expected To Be Dominated By The Region Market 2023-2030 ($M)
14.North America Exhaust Heat Recovery System Market, By Hybrid And Plug-In Hybrid Vehicle Market 2023-2030 ($M)
14.1 Hybrid Electric Vehicle Market 2023-2030 ($M) - Regional Industry Research
14.1.1 In Hev, Ehrs Will Greatly Be Seen In The And Region Market 2023-2030 ($M)
14.2 Plug-In Hybrid Electric Vehicle Market 2023-2030 ($M) - Regional Industry Research
15.North America Exhaust Heat Recovery System Market, By Off Highway Vehicle Market 2023-2030 ($M)
15.1 Agricultural Tractor Market 2023-2030 ($M) - Regional Industry Research
15.1.1 Increase In Mechanization To Drive The Agricultural Tractor Market Market 2023-2030 ($M)
15.2 Construction Equipment Market 2023-2030 ($M) - Regional Industry Research
15.2.1 Turbochargers And Egr Are Predominantly Used In Construction Equipment Market 2023-2030 ($M)
16.South America Exhaust Heat Recovery System Market, By Technology Market 2023-2030 ($M)
16.1 Conventional Technology Market 2023-2030 ($M) - Regional Industry Research
16.1.1 Exhaust Gas Recirculation Market 2023-2030 ($M)
16.1.2 Turbocharger Market 2023-2030 ($M)
16.2 Future Technology Market 2023-2030 ($M) - Regional Industry Research
16.2.1 Organic Rankine Cycle Market 2023-2030 ($M)
16.2.2 Thermoelectric Generator Market 2023-2030 ($M)
17.South America Exhaust Heat Recovery System Market, By Component Market 2023-2030 ($M)
17.1 Egr Component Market 2023-2030 ($M) - Regional Industry Research
17.1.1 Egr Valve Market 2023-2030 ($M)
17.1.2 Egr Cooler Market 2023-2030 ($M)
17.2 Turbocharger Component Market 2023-2030 ($M) - Regional Industry Research
17.2.1 Turbine Market 2023-2030 ($M)
17.2.2 Compressor Market 2023-2030 ($M)
17.2.3 Evaporator Market 2023-2030 ($M)
17.2.4 Condenser Market 2023-2030 ($M)
17.2.5 Expander Market 2023-2030 ($M)
17.2.6 Pump Market 2023-2030 ($M)
17.2.7 Thermoelectric Module Market 2023-2030 ($M)
17.2.8 Heat Exchanger Market 2023-2030 ($M)
18.South America Exhaust Heat Recovery System Market, By Vehicle Type Market 2023-2030 ($M)
18.1 Passenger Car Market 2023-2030 ($M) - Regional Industry Research
18.1.1 Owing To Largest Market For Passenger Cars, Is Expected To Be Fastest Growing Market Market 2023-2030 ($M)
18.2 Light Commercial Vehicle Market 2023-2030 ($M) - Regional Industry Research
18.2.1 Owing To Largest Share Of Lcv, Is Expected To Be Fastest Growing Market Market 2023-2030 ($M)
18.3 Truck Market 2023-2030 ($M) - Regional Industry Research
18.3.1 The Market Is Estimated To Be Dominated By The Region Market 2023-2030 ($M)
18.4 Bus Market 2023-2030 ($M) - Regional Industry Research
18.4.1 Ehrs Market For Bus Is Expected To Be Dominated By The Region Market 2023-2030 ($M)
19.South America Exhaust Heat Recovery System Market, By Hybrid And Plug-In Hybrid Vehicle Market 2023-2030 ($M)
19.1 Hybrid Electric Vehicle Market 2023-2030 ($M) - Regional Industry Research
19.1.1 In Hev, Ehrs Will Greatly Be Seen In The And Region Market 2023-2030 ($M)
19.2 Plug-In Hybrid Electric Vehicle Market 2023-2030 ($M) - Regional Industry Research
20.South America Exhaust Heat Recovery System Market, By Off Highway Vehicle Market 2023-2030 ($M)
20.1 Agricultural Tractor Market 2023-2030 ($M) - Regional Industry Research
20.1.1 Increase In Mechanization To Drive The Agricultural Tractor Market Market 2023-2030 ($M)
20.2 Construction Equipment Market 2023-2030 ($M) - Regional Industry Research
20.2.1 Turbochargers And Egr Are Predominantly Used In Construction Equipment Market 2023-2030 ($M)
21.Europe Exhaust Heat Recovery System Market, By Technology Market 2023-2030 ($M)
21.1 Conventional Technology Market 2023-2030 ($M) - Regional Industry Research
21.1.1 Exhaust Gas Recirculation Market 2023-2030 ($M)
21.1.2 Turbocharger Market 2023-2030 ($M)
21.2 Future Technology Market 2023-2030 ($M) - Regional Industry Research
21.2.1 Organic Rankine Cycle Market 2023-2030 ($M)
21.2.2 Thermoelectric Generator Market 2023-2030 ($M)
22.Europe Exhaust Heat Recovery System Market, By Component Market 2023-2030 ($M)
22.1 Egr Component Market 2023-2030 ($M) - Regional Industry Research
22.1.1 Egr Valve Market 2023-2030 ($M)
22.1.2 Egr Cooler Market 2023-2030 ($M)
22.2 Turbocharger Component Market 2023-2030 ($M) - Regional Industry Research
22.2.1 Turbine Market 2023-2030 ($M)
22.2.2 Compressor Market 2023-2030 ($M)
22.2.3 Evaporator Market 2023-2030 ($M)
22.2.4 Condenser Market 2023-2030 ($M)
22.2.5 Expander Market 2023-2030 ($M)
22.2.6 Pump Market 2023-2030 ($M)
22.2.7 Thermoelectric Module Market 2023-2030 ($M)
22.2.8 Heat Exchanger Market 2023-2030 ($M)
23.Europe Exhaust Heat Recovery System Market, By Vehicle Type Market 2023-2030 ($M)
23.1 Passenger Car Market 2023-2030 ($M) - Regional Industry Research
23.1.1 Owing To Largest Market For Passenger Cars, Is Expected To Be Fastest Growing Market Market 2023-2030 ($M)
23.2 Light Commercial Vehicle Market 2023-2030 ($M) - Regional Industry Research
23.2.1 Owing To Largest Share Of Lcv, Is Expected To Be Fastest Growing Market Market 2023-2030 ($M)
23.3 Truck Market 2023-2030 ($M) - Regional Industry Research
23.3.1 The Market Is Estimated To Be Dominated By The Region Market 2023-2030 ($M)
23.4 Bus Market 2023-2030 ($M) - Regional Industry Research
23.4.1 Ehrs Market For Bus Is Expected To Be Dominated By The Region Market 2023-2030 ($M)
24.Europe Exhaust Heat Recovery System Market, By Hybrid And Plug-In Hybrid Vehicle Market 2023-2030 ($M)
24.1 Hybrid Electric Vehicle Market 2023-2030 ($M) - Regional Industry Research
24.1.1 In Hev, Ehrs Will Greatly Be Seen In The And Region Market 2023-2030 ($M)
24.2 Plug-In Hybrid Electric Vehicle Market 2023-2030 ($M) - Regional Industry Research
25.Europe Exhaust Heat Recovery System Market, By Off Highway Vehicle Market 2023-2030 ($M)
25.1 Agricultural Tractor Market 2023-2030 ($M) - Regional Industry Research
25.1.1 Increase In Mechanization To Drive The Agricultural Tractor Market Market 2023-2030 ($M)
25.2 Construction Equipment Market 2023-2030 ($M) - Regional Industry Research
25.2.1 Turbochargers And Egr Are Predominantly Used In Construction Equipment Market 2023-2030 ($M)
26.APAC Exhaust Heat Recovery System Market, By Technology Market 2023-2030 ($M)
26.1 Conventional Technology Market 2023-2030 ($M) - Regional Industry Research
26.1.1 Exhaust Gas Recirculation Market 2023-2030 ($M)
26.1.2 Turbocharger Market 2023-2030 ($M)
26.2 Future Technology Market 2023-2030 ($M) - Regional Industry Research
26.2.1 Organic Rankine Cycle Market 2023-2030 ($M)
26.2.2 Thermoelectric Generator Market 2023-2030 ($M)
27.APAC Exhaust Heat Recovery System Market, By Component Market 2023-2030 ($M)
27.1 Egr Component Market 2023-2030 ($M) - Regional Industry Research
27.1.1 Egr Valve Market 2023-2030 ($M)
27.1.2 Egr Cooler Market 2023-2030 ($M)
27.2 Turbocharger Component Market 2023-2030 ($M) - Regional Industry Research
27.2.1 Turbine Market 2023-2030 ($M)
27.2.2 Compressor Market 2023-2030 ($M)
27.2.3 Evaporator Market 2023-2030 ($M)
27.2.4 Condenser Market 2023-2030 ($M)
27.2.5 Expander Market 2023-2030 ($M)
27.2.6 Pump Market 2023-2030 ($M)
27.2.7 Thermoelectric Module Market 2023-2030 ($M)
27.2.8 Heat Exchanger Market 2023-2030 ($M)
28.APAC Exhaust Heat Recovery System Market, By Vehicle Type Market 2023-2030 ($M)
28.1 Passenger Car Market 2023-2030 ($M) - Regional Industry Research
28.1.1 Owing To Largest Market For Passenger Cars, Is Expected To Be Fastest Growing Market Market 2023-2030 ($M)
28.2 Light Commercial Vehicle Market 2023-2030 ($M) - Regional Industry Research
28.2.1 Owing To Largest Share Of Lcv, Is Expected To Be Fastest Growing Market Market 2023-2030 ($M)
28.3 Truck Market 2023-2030 ($M) - Regional Industry Research
28.3.1 The Market Is Estimated To Be Dominated By The Region Market 2023-2030 ($M)
28.4 Bus Market 2023-2030 ($M) - Regional Industry Research
28.4.1 Ehrs Market For Bus Is Expected To Be Dominated By The Region Market 2023-2030 ($M)
29.APAC Exhaust Heat Recovery System Market, By Hybrid And Plug-In Hybrid Vehicle Market 2023-2030 ($M)
29.1 Hybrid Electric Vehicle Market 2023-2030 ($M) - Regional Industry Research
29.1.1 In Hev, Ehrs Will Greatly Be Seen In The And Region Market 2023-2030 ($M)
29.2 Plug-In Hybrid Electric Vehicle Market 2023-2030 ($M) - Regional Industry Research
30.APAC Exhaust Heat Recovery System Market, By Off Highway Vehicle Market 2023-2030 ($M)
30.1 Agricultural Tractor Market 2023-2030 ($M) - Regional Industry Research
30.1.1 Increase In Mechanization To Drive The Agricultural Tractor Market Market 2023-2030 ($M)
30.2 Construction Equipment Market 2023-2030 ($M) - Regional Industry Research
30.2.1 Turbochargers And Egr Are Predominantly Used In Construction Equipment Market 2023-2030 ($M)
31.MENA Exhaust Heat Recovery System Market, By Technology Market 2023-2030 ($M)
31.1 Conventional Technology Market 2023-2030 ($M) - Regional Industry Research
31.1.1 Exhaust Gas Recirculation Market 2023-2030 ($M)
31.1.2 Turbocharger Market 2023-2030 ($M)
31.2 Future Technology Market 2023-2030 ($M) - Regional Industry Research
31.2.1 Organic Rankine Cycle Market 2023-2030 ($M)
31.2.2 Thermoelectric Generator Market 2023-2030 ($M)
32.MENA Exhaust Heat Recovery System Market, By Component Market 2023-2030 ($M)
32.1 Egr Component Market 2023-2030 ($M) - Regional Industry Research
32.1.1 Egr Valve Market 2023-2030 ($M)
32.1.2 Egr Cooler Market 2023-2030 ($M)
32.2 Turbocharger Component Market 2023-2030 ($M) - Regional Industry Research
32.2.1 Turbine Market 2023-2030 ($M)
32.2.2 Compressor Market 2023-2030 ($M)
32.2.3 Evaporator Market 2023-2030 ($M)
32.2.4 Condenser Market 2023-2030 ($M)
32.2.5 Expander Market 2023-2030 ($M)
32.2.6 Pump Market 2023-2030 ($M)
32.2.7 Thermoelectric Module Market 2023-2030 ($M)
32.2.8 Heat Exchanger Market 2023-2030 ($M)
33.MENA Exhaust Heat Recovery System Market, By Vehicle Type Market 2023-2030 ($M)
33.1 Passenger Car Market 2023-2030 ($M) - Regional Industry Research
33.1.1 Owing To Largest Market For Passenger Cars, Is Expected To Be Fastest Growing Market Market 2023-2030 ($M)
33.2 Light Commercial Vehicle Market 2023-2030 ($M) - Regional Industry Research
33.2.1 Owing To Largest Share Of Lcv, Is Expected To Be Fastest Growing Market Market 2023-2030 ($M)
33.3 Truck Market 2023-2030 ($M) - Regional Industry Research
33.3.1 The Market Is Estimated To Be Dominated By The Region Market 2023-2030 ($M)
33.4 Bus Market 2023-2030 ($M) - Regional Industry Research
33.4.1 Ehrs Market For Bus Is Expected To Be Dominated By The Region Market 2023-2030 ($M)
34.MENA Exhaust Heat Recovery System Market, By Hybrid And Plug-In Hybrid Vehicle Market 2023-2030 ($M)
34.1 Hybrid Electric Vehicle Market 2023-2030 ($M) - Regional Industry Research
34.1.1 In Hev, Ehrs Will Greatly Be Seen In The And Region Market 2023-2030 ($M)
34.2 Plug-In Hybrid Electric Vehicle Market 2023-2030 ($M) - Regional Industry Research
35.MENA Exhaust Heat Recovery System Market, By Off Highway Vehicle Market 2023-2030 ($M)
35.1 Agricultural Tractor Market 2023-2030 ($M) - Regional Industry Research
35.1.1 Increase In Mechanization To Drive The Agricultural Tractor Market Market 2023-2030 ($M)
35.2 Construction Equipment Market 2023-2030 ($M) - Regional Industry Research
35.2.1 Turbochargers And Egr Are Predominantly Used In Construction Equipment Market 2023-2030 ($M)

LIST OF FIGURES

1.US Exhaust Heat Recovery System Market Revenue, 2023-2030 ($M)
2.Canada Exhaust Heat Recovery System Market Revenue, 2023-2030 ($M)
3.Mexico Exhaust Heat Recovery System Market Revenue, 2023-2030 ($M)
4.Brazil Exhaust Heat Recovery System Market Revenue, 2023-2030 ($M)
5.Argentina Exhaust Heat Recovery System Market Revenue, 2023-2030 ($M)
6.Peru Exhaust Heat Recovery System Market Revenue, 2023-2030 ($M)
7.Colombia Exhaust Heat Recovery System Market Revenue, 2023-2030 ($M)
8.Chile Exhaust Heat Recovery System Market Revenue, 2023-2030 ($M)
9.Rest of South America Exhaust Heat Recovery System Market Revenue, 2023-2030 ($M)
10.UK Exhaust Heat Recovery System Market Revenue, 2023-2030 ($M)
11.Germany Exhaust Heat Recovery System Market Revenue, 2023-2030 ($M)
12.France Exhaust Heat Recovery System Market Revenue, 2023-2030 ($M)
13.Italy Exhaust Heat Recovery System Market Revenue, 2023-2030 ($M)
14.Spain Exhaust Heat Recovery System Market Revenue, 2023-2030 ($M)
15.Rest of Europe Exhaust Heat Recovery System Market Revenue, 2023-2030 ($M)
16.China Exhaust Heat Recovery System Market Revenue, 2023-2030 ($M)
17.India Exhaust Heat Recovery System Market Revenue, 2023-2030 ($M)
18.Japan Exhaust Heat Recovery System Market Revenue, 2023-2030 ($M)
19.South Korea Exhaust Heat Recovery System Market Revenue, 2023-2030 ($M)
20.South Africa Exhaust Heat Recovery System Market Revenue, 2023-2030 ($M)
21.North America Exhaust Heat Recovery System By Application
22.South America Exhaust Heat Recovery System By Application
23.Europe Exhaust Heat Recovery System By Application
24.APAC Exhaust Heat Recovery System By Application
25.MENA Exhaust Heat Recovery System By Application
26.Faurecia, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Mahle, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Continental, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Denso, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Borgwarner, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Valeo, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Dana, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Calsonic Kansei, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Delphi Technology, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Mitsubishi Electric, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Additional Company Profile, Sales /Revenue, 2015-2018 ($Mn/$Bn)

The Exhaust Heat Recovery System Market is projected to grow at 8.3% CAGR during the forecast period 2024-2030.

The Exhaust Heat Recovery System Market size is estimated to be $36 billion in 2023 and is projected to reach $63 billion by 2030.

The leading players in the Exhaust Heat Recovery System Market are Denso Corporation, Mitsubishi Heavy Industries, Continental AG, Dana Inc, VALEO and Others

Integration of smart technologies, increased aftermarket services and expansion in electric hybrid models are some of the major Exhaust Heat Recovery System Market trends in the industry which will create growth opportunities for the market during the forecast period.

Increasing Urbanization and Mobility Needs, Growing Demand for Fuel Efficiency, Emphasis on Sustainability and Regulatory Compliance are the driving factors of the market.