Product Code: ETC4570825 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India exhaust heat recovery system market import shipments experienced a significant decline with a CAGR of -37.5% from 2020 to 2024. The growth rate between 2023 and 2024 further decreased by -17.6%, indicating a continued contraction. The market exhibited a persistent downward trend, signaling a substantial slowdown in imports over the period.
Exhaust heat recovery systems have gained importance in India as the automotive sector seeks to reduce emissions and improve fuel efficiency. These systems capture waste heat from exhaust gases and convert it into usable energy, offering benefits in terms of environmental sustainability and cost savings. As environmental concerns and fuel economy regulations become more stringent, the exhaust heat recovery system market is expected to expand in India.
The exhaust heat recovery system market is driven by the need to improve vehicle efficiency and reduce emissions. These systems capture waste heat from the exhaust and convert it into useful energy. As environmental regulations become stricter, manufacturers seek innovative solutions to meet emission standards.
The exhaust heat recovery system market in India encounters challenges related to technology efficiency and integration. Ensuring that heat recovery systems operate efficiently and do not compromise the overall performance of the vehicle is critical. Integration into various vehicle types and models can be complex and costly. Regulatory support and incentives are essential to promote the adoption of these systems.
The COVID-19 pandemic had a dual impact on the India exhaust heat recovery system market. While disruptions in manufacturing and supply chains posed challenges, the increasing focus on environmental sustainability and fuel efficiency benefited the market. As industries and transportation sectors aimed to reduce emissions and fuel consumption, the demand for exhaust heat recovery systems gained momentum. The post-pandemic era is expected to see a resurgence of interest in these systems as businesses and government initiatives prioritize green technologies to meet sustainability goals.
Key players in the exhaust heat recovery system market encompass Turbowin, BorgWarner Inc., Continental AG, Mahle GmbH, and DENSO Corporation in India.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Exhaust Heat Recovery System Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Exhaust Heat Recovery System Market Revenues & Volume, 2021 & 2031F |
3.3 India Exhaust Heat Recovery System Market - Industry Life Cycle |
3.4 India Exhaust Heat Recovery System Market - Porter's Five Forces |
3.5 India Exhaust Heat Recovery System Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 India Exhaust Heat Recovery System Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.7 India Exhaust Heat Recovery System Market Revenues & Volume Share, By Vehicle, 2021 & 2031F |
4 India Exhaust Heat Recovery System Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government regulations promoting energy efficiency and sustainability in industries |
4.2.2 Increasing focus on reducing greenhouse gas emissions |
4.2.3 Growing awareness about the benefits of exhaust heat recovery systems in cost reduction and environmental impact |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with installing exhaust heat recovery systems |
4.3.2 Lack of technical expertise and knowledge about exhaust heat recovery systems |
4.3.3 Limited availability of skilled workforce for maintenance and operation of these systems |
5 India Exhaust Heat Recovery System Market Trends |
6 India Exhaust Heat Recovery System Market, By Types |
6.1 India Exhaust Heat Recovery System Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 India Exhaust Heat Recovery System Market Revenues & Volume, By Technology, 2021-2031F |
6.1.3 India Exhaust Heat Recovery System Market Revenues & Volume, By EGR, 2021-2031F |
6.1.4 India Exhaust Heat Recovery System Market Revenues & Volume, By Turbocharger, 2021-2031F |
6.1.5 India Exhaust Heat Recovery System Market Revenues & Volume, By ORC, 2021-2031F |
6.1.6 India Exhaust Heat Recovery System Market Revenues & Volume, By TEG, 2021-2031F |
6.2 India Exhaust Heat Recovery System Market, By Component |
6.2.1 Overview and Analysis |
6.2.2 India Exhaust Heat Recovery System Market Revenues & Volume, By EGR Valve & Cooler, 2021-2031F |
6.2.3 India Exhaust Heat Recovery System Market Revenues & Volume, By Turbine, 2021-2031F |
6.2.4 India Exhaust Heat Recovery System Market Revenues & Volume, By Compressor, 2021-2031F |
6.2.5 India Exhaust Heat Recovery System Market Revenues & Volume, By Evaporator, 2021-2031F |
6.2.6 India Exhaust Heat Recovery System Market Revenues & Volume, By Condenser, 2021-2031F |
6.2.7 India Exhaust Heat Recovery System Market Revenues & Volume, By TEG Module, 2021-2031F |
6.3 India Exhaust Heat Recovery System Market, By Vehicle |
6.3.1 Overview and Analysis |
6.3.2 India Exhaust Heat Recovery System Market Revenues & Volume, By PC, 2021-2031F |
6.3.3 India Exhaust Heat Recovery System Market Revenues & Volume, By LCV, 2021-2031F |
6.3.4 India Exhaust Heat Recovery System Market Revenues & Volume, By Truck, 2021-2031F |
6.3.5 India Exhaust Heat Recovery System Market Revenues & Volume, By Bus, 2021-2031F |
6.3.6 India Exhaust Heat Recovery System Market Revenues & Volume, By Hybrid, 2021-2031F |
6.3.7 India Exhaust Heat Recovery System Market Revenues & Volume, By OHV, 2021-2031F |
7 India Exhaust Heat Recovery System Market Import-Export Trade Statistics |
7.1 India Exhaust Heat Recovery System Market Export to Major Countries |
7.2 India Exhaust Heat Recovery System Market Imports from Major Countries |
8 India Exhaust Heat Recovery System Market Key Performance Indicators |
8.1 Energy savings achieved through the implementation of exhaust heat recovery systems |
8.2 Reduction in carbon footprint of industries using exhaust heat recovery systems |
8.3 Increase in the number of industries adopting exhaust heat recovery systems |
8.4 Improvement in overall energy efficiency of industrial processes |
8.5 Number of government initiatives and policies supporting the adoption of exhaust heat recovery systems |
9 India Exhaust Heat Recovery System Market - Opportunity Assessment |
9.1 India Exhaust Heat Recovery System Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 India Exhaust Heat Recovery System Market Opportunity Assessment, By Component, 2021 & 2031F |
9.3 India Exhaust Heat Recovery System Market Opportunity Assessment, By Vehicle, 2021 & 2031F |
10 India Exhaust Heat Recovery System Market - Competitive Landscape |
10.1 India Exhaust Heat Recovery System Market Revenue Share, By Companies, 2024 |
10.2 India Exhaust Heat Recovery System Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |