Regenerative Suspension System Market To Benefit from Rapid Technological Advancements During Forecast Period 2023

Regenerative Suspension System Market To Benefit from Rapid Technological Advancements During Forecast Period 2023 - 2033 : Fact.MR

Brand Story
26 May 2023, 02:29 GMT+10

The regeneration suspension system Industry is a relatively new and expanding segment of the automotive market. Regenerative suspension systems are designed to collect and store energy generated by a vehicle's suspension system while driving. These systems then use that energy to power various parts of the vehicle, such as the electrical system, the air conditioner, and even the engine. A variety of factors are driving the market for regenerative suspension systems, including rising consumer demand for fuel-efficient and environmentally friendly vehicles, technological advancements, and government regulations aimed at lowering emissions and increasing energy efficiency. These systems are also thought to improve handling and ride quality while extending the life of a vehicle's suspension system.

Demand for fuel-efficient and environmentally friendly vehicles, as well as technological advancements and government regulations aimed at lowering emissions and increasing energy efficiency, are expected to drive the market for regenerative suspension systems in the coming years. However, the adoption of these systems in the short term may be hampered by their high cost and the need for specialised knowledge to design and install them.

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Key Takeaways from Market Study

The regenerative suspension system market is a growing segment in the automotive industry, driven by increasing demand for fuel-efficient and environmentally friendly vehicles, advancements in technology, and government regulations aimed at reducing emissions and increasing energy efficiency.

Regenerative suspension systems are designed to capture and store energy generated by a vehicle's suspension system during normal driving, and then use that energy to power various vehicle components.

Key players in the regenerative suspension system market include ZF Friedrichshafen AG, Continental AG, ThyssenKrupp AG, BWI Group, Levant Power Corporation, and ClearMotion, Inc.

These companies are developing a range of different regenerative suspension technologies, including electromagnetic, hydraulic, and pneumatic systems.

The regenerative suspension system market is expected to continue to grow in the coming years, but the high cost of these systems and the need for specialized expertise to design and install them may limit their adoption in the short term.

Competitive Landscape

Guident announced in 2020 that the Research Foundation of the State of New York had granted it an exclusive license to use the new regenerative shock absorber technology covered by U.S. patent #8,941,251. This patent permits the production of highly energy-dense electromagnetic regenerative shock absorbers that can capture vibrational energy from moving vehicles.
Israeli startup SoftWheel recently unveiled a technology that can generate energy and cushion shocks for electric vehicles. The business claims that numerous automakers have contacted them about this technology.
Audi has created a suspension system prototype known as eROT that produces electricity using the motion of shock absorbers.

Key Companies Profiled