Market Overview:
The exhaust heat recovery system market is anticipated to register significant market growth during the review period to surpass USD 44,617.48 million by the end of 2026. The yield of this system is either electric energy put away in a battery or mechanical energy moved to the driving rod. The usage of this system is a famous technique for expanding eco-friendliness and diminishing contamination at the same time. Subsequently, vehicle makers have checked out research and advancement identified with this system.

The exhaust heat recovery system market is driven by variables, for example, the severe government outflow guidelines and a rising spotlight on decreasing carbon impressions in different nations across the globe. The quick reception of EGR in fuel vehicles is relied upon to set out development open doors for market players. The exhaust heat recovery system market is driven by variables, for example, the tough government emanation guidelines and a rising spotlight on lessening carbon impressions in different nations across the globe. However, an expansion in the offer of EVs is relied upon to limit the market development.

Market Segmentation:
The global market for exhaust heat recovery systems has been classified into components, vehicle type, and technology.
Based on components, the global market is categorized into EGR valve & cooler, turbine, compressor, evaporator, condenser, TEG module, and others.

In terms of vehicle type, the market is divided into passenger cars, light commercial vehicles, and heavy commercial vehicles. By technology type, the market is classified into exhaust gas recirculation (EGR), turbocharger, organic Rankine cycle (ORC), thermoelectric generators (TEG), and others.

Regional Analysis
Geographically, the exhaust heat recovery system market has been studied across North America, Europe, Asia-Pacific, and the Rest of the World.
Asia-Pacific has one of the biggest car markets, inferable from the car business’ fast development in nations like China, India, and Japan. The expanded interest for exhaust heat recovery systems in the area can be acknowledged to variables, for example, the ascent popular for eco-friendly innovations. Asia-Pacific has the presence of plentiful natural substance providers, low work costs, and good government rules in nations like China, Japan, and South Korea. China is the main market as far as worldwide vehicle deals. The nation is one of the most appealing business sectors for exhaust heat recovery system makers contributing by framing joint endeavors with nearby vehicle brands.

State-run administrations and different associations in North America are consistently chipping away at diminishing vehicular outflows by empowering the utilization of eco-friendly parts in vehicles. For example, in August 2018, the US Department of Transportation (DOT) and the Environmental Protection Agency (EPA) proposed the Safer Affordable Fuel-Efficient (SAFE) Vehicles Rule to amend the current Corporate Average Fuel Economy (CAFE) and tailpipe CO2 outflow norms for traveler vehicles and light trucks.

Prominent Players
The major players operating in the global market are Continental AG, Delphi Technologies, Denso Corporation, Hella GmbH, Faurecia, and Mahle GmbH.

COVID 19 Impacts
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