Page 32 - MTW November 2022 Digital Magazine_R1

INDUSTRY FOCUS

Regenerative Suspension System

Market to hit US$ 4.37 Billion by 2032

Exclusive Report By Fact.MR.

act.MR, a market research and energy yield. Owing to the high cost of springs and shock absorbers have been
competitive intelligence provider, components, regenerative suspension fully abolished by researchers to focus
Fpredicts that the global regenerative systems are initially expected to be on additional forces for the conversion of
suspension system will reach US$ 4.37 deployed in premium electric vehicles and power into energy.
billion by the end of 2032. The market is later on in other vehicle segments. If companies achieve correct
set to grow due to increasing use of both, calculations, higher energy yield, and
passenger as well as commercial electric Key Takeaways from Market Study optimized costing, the potential of this
vehicles, across the world. • The global regenerative suspension technology is truly significant.
New automobiles are increasingly system market is projected to reach a Moreover, soon leading players
coming with regenerative brakes as an valuation of US$ 4.37 billion by 2032. would be focusing on strategies such as
energy-saving feature, and soon, another • Under technology type, electromagnetic acquiring and partnering with other firms
engineering innovation - regenerative regenerative suspension systems are to extend their product portfolios and gain
suspension - could become a trend in estimated to be valued at US$ 4 billion technical expertise to develop advanced
the automotive market. Regenerative by 2032. regenerative suspension systems.
suspension systems have become highly • Under suspension type, multi-link
attractive to industries and researchers variants will dominate the EV market. For Instance:
alike in the past decade. • Europe is expected to dominate the • In 2020, Guident announced gaining
The resulting vibrations between the global market with 21.8% market share an exclusive license to U.S. patent
road surface and the car body while by 2032. # 8,941,251 from the Research
driving on irregular road surfaces leads “Premium passenger electric vehicles Foundation of the State of New York
to the dissipation of vibration energy in expected to reflect lucrative near-term for new regenerative shock absorber
the form of heat as waste. Regenerative opportunities for regenerative suspension technology. This patent allows the
shock absorbers assist in recovering this system manufacturers,” says a Fact.MR manufacturing of electromagnetic
vibration energy, which can be converted analyst. regenerative shock absorbers with a
into electricity. The battery packs of hybrid high energy density that can recover a
and electric vehicles can be fuelled by the vehicle’s vibrational energy.
electricity harvested by these regenerative • In a recent development, Israeli start-up
systems. SoftWheel announced a technology that
Regenerative suspension systems differ can harvest energy and absorb shocks
on the basis of technology - hydraulic for electric vehicles. The company says
and electromagnetic, including linear and that quite a few car manufacturers
rotary dampers. Product developers are have approached them regarding this
trying to implement different conventional Competitive Landscape technology.
as well as latest suspension types in Prominent regenerative suspension • Audi has developed a prototype
regenerative suspension systems. Multi- system developers are Audi, Guident, suspension system called eROT that
link and double-wishbone independent IntertronicGresser GmbH, Levant, uses the motion of shock absorbers to
setups are the most expensive and SoftWheel, and ZF Friedrichshafen AG. generate electricity.
complex types. Leading manufacturers of regenerative • IntertronicGresser GmbH, in Germany,
As the world continues to adopt electric suspension systems are still in the R&D was granted patents in the U.S., Europe,
vehicles, researchers and developers are stage. Companies are trying different and China for the novel invention
also undergoing changes in the direction variations and testing the results for ‘electricity-generating suspension
of their research to achieve maximum maximum energy yield. Traditional steel system’ for hybrid and electric cars.

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