Global Exhaust Heat Power Generation System Market- Forecast and Analysis (2020-2027)
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Global Exhaust Heat Power Generation System Market size was valued at US$ XX Bn. in 2019 and the total revenue is expected to grow at 7.45% from 2019 to 2027, reaching nearly US$ XX Bn.
Global Exhaust Heat Power Generation System Market
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The report study has analyzed the revenue impact of the COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Global Exhaust Heat Power Generation System Market: Market Overview
The internal combustion engine are not able to convert whole chemical energy into mechanical power. Approximately, 26% of heat energy is transferred to the exhaust system of the vehicle. The exhaust heat power generation system is utilized to exhaust heat to generation of electricity which is used by car battery. This system helps to enhance fuel efficiency and reduce load on the alternator of the car.
Global Exhaust Heat Power Generation System Market: Market Dynamics
The governments of several nations across the world have enacted stringent regulation for pollutant gas emission due to combustion of fuels that include petrol, gasoline, diesel fuel and so on. BS6 and Euro6 are the latest regulations to reduce emission of hazardous gases such as nitrogen oxide, carbon monoxide and others from the vehicle. Several OEMs across the globe focused on exhaust heat recovery system by thermoelectric generators. In addition, a significant growth of automotive industry across the world with rapid urbanization, the demand of vehicles also increases, resulting in rising the demand of exhaust heat power generation system. These are the major factors which anticipated to drive the growth of the global exhaust heat power generation system market during the forecast period.
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Last Update : 08 June 2021 5:02 AM
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