Commercial Vehicles Regenerative Braking System Market Sizing Success USD 2.2B+ Expansion Forecast
According to TechSci Research report, “ Global Commercial Vehicles Regenerative Braking System Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Commercial Vehicles Regenerative Braking System Market stood at USD 2.2 billion in 2022 and is anticipated to grow with a CAGR of 6.63% in the forecast period, 2024-2028. A kinetic energy recovery technology called regenerative braking is used mostly on pure electric and hybrid vehicles to recover the energy lost during braking and deceleration and then use it to recharge the battery. In this system, when moving forward or cruising, the engine propels the wheels, and when slowing down, the wheels propel the motor. The engine can function as a generator by opposing the rotation of the wheels and generating power to refuel the vehicle's battery thanks to this two-way energy flow. Nearly 5%–10% of transmitted energy can be recovered by utilizing this type of bra...