Report ID: SQMIG25C2092
Report ID:
SQMIG25C2092 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
90 |
Figures:
74
Automotive regenerative braking systems have become very popular in North America, especially the United States. The region's dominance can be attributed to a number of factors, including an abundance of major automakers, an emphasis on sustainability, and strict fuel economy regulations. Regenerative braking technology has been added to many cars, especially those made in the United States, as part of automakers' commitment to reducing emissions and improving fuel economy. Additionally, while regenerative braking systems are necessary to improve the energy efficiency of electric and HEVs, the demand for electric vehicles (EV) and hybrid electric vehicles (HEV) in North America has increased their use.
The automotive brake market is growing fastest in Asia Pacific, especially in China, Japan and India. With a booming auto industry and a growing emphasis on green technology, China stands out as a major contributor to this expansion. The region has adopted regenerative braking systems due to increased urbanization, rising pollution levels and government efforts to support electric and hybrid cars. Additionally, the need for consumer brake technology is fueled by the rapid growth of the electric two-wheeler sector in countries such as China and India. The automotive brake market is expected to thrive on this continent as Asia Pacific continues to prioritize sustainability and emissions reduction, making it the fastest growing region in the world.
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Report ID: SQMIG25C2092