The advent of the technological innovations is paving the way for advanced braking system that enhances the braking performance and optimizes the energy efficiency of the vehicles. Regenerative Braking System (RBS) is extensively used in motorsport, such as Formula One, Endurance Racing and Formula E. According to the BIS Automotive market intelligence report titled ‘Global Automotive Regenerative Braking System Market- Analysis and Forecast (2017-2026), the RBS is still in its nascent stage and the key players in the RBS market are focussing on expanding their business operations in the emerging countries, with new product launches as a preferred strategy.
In November 2017, one of the biggest automotive company globally, Tesla, revealed all electric big-rig, which did not have the conventional clutch and gears. The company called it ‘Tesla Semi’. Tesla once said in a statement that “Tesla Semi requires no shifting or clutching for smooth acceleration & deceleration and its regenerative braking gives it basically infinite break life.”1
Prior to this, in August 2017, a Germany based company, Continental AG launched New EV Regen Brakes as new wheel concept at the Frankful Auto show to increase the stopping power, and overall efficiency. The company bring these brakes in the market with the aim to eliminate rust and corrosion problem incorporated with the traditional brakes.
In July 2017, one of the key market player, Adgero and Skeleton technologies developed Kinetic Energy and Recovery System (KERS) regenerative braking technology. KERS is said to be a major step in urban truck operations that provide operators with significant fuel savings as well as reduction in emissions. Alternatech, the UK vehicle conversion specialist had installed KERS device, which worked alongside hybrid technology specialists Adgero and Skeleton technologies to get the vehicle on road. Further, Skeleton technologies have partnership with Fraikin, on behalf of which CEO of Skeleton Technologies said that “The partnership with Fraikin highlights the significant impact utilising regenerative braking technology and energy storage can have. This is an important first step in realising essential efficiencies for the industry and we look forward to seeing further advances in this field.”2
The development and demand of RBS technology in the market has compelled BIS Research to compile a market intelligence on automotive regenerative braking system market. According to the analyst the market value of RBS is expected to reach US $ 24.52 billion by 2026. The ability of RBS such as reduction in the greenhouse gas emission and improvement in the fuel efficiency are some of the major reasons for its continuous growth in the market.