Global Automotive Energy Harvesting and Regeneration Market - Growth, Trends, and Forecast (2018 - 2023)

High cost and Lifespan of Batteries in Electric Vehicles to Drive the Market

The scope for harvesting and regeneration of energy in smart cars in gradually increasing. Several factors are contributing to the growth, such as high costs and lifespan of batteries for electric and hybrid electric vehicles, progress in R&D for developing efficient techniques for energy harvesting and regeneration favorable for the automotive market and for developing realistic automotive energy-harvesting platforms, as well as conducive government regulations for fuel efficiency and exhaust emissions.

The automotive energy harvesting and regeneration market is expected to reach USD 350 billion during the forecast period. The possibilities that exist in the energy harvesting regeneration market for electric vehicles will bring about several innovation projects currently being considered. Embedding multiple forms of energy harvesting into one vehicle will likely be the most conspicuous trend, especially because this technique can be deployed in all forms of vehicles. Virginia Tech University developed an energy-harvesting shock absorber that translates the vertical vibrations of a car’s suspension system into rotational motion, which then drives a generator that delivers electricity to charge a car’s battery and to power other devices. There are a few energy-harvesting products on the market that might be suitable for automotive applications. One of these is an energy-harvesting module from Jennova Inc. that can generate electrical power in the 10-mW range using its patented electrodynamics energy-harvesting vibrational technology.

Key Developments:

• October 2017 - United Transport and Logistics Company (UTLC) launched shipping in tank containers from China to Europe

Major Players: TLS OFFSHORE CONTAINERS INTERNATIONAL PVT LTD, CHINA INTERNATIONAL MARINE CONTAINERS CO. LTD, MAERSK CONTAINER INDUSTRY AS, W&K CONTAINER INC., SINGAMAS CONTAINER HOLDINGS LIMITED, amongst others

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