10-May-2022 | Zion Market Research
The Automotive EGR System Market was worth around USD 4,629.5 million in 2021 and is estimated to grow to about USD 5,560.1 million by 2028, with a compound annual growth rate (CAGR) of approximately 3.1 percent over the forecast period. The report analyzes the Automotive EGR System Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Automotive EGR System Market.
EGR stands for Exhaust Gas Recirculation, and it is a technique for reducing NOX (nitrogen oxide) emissions from gasoline or diesel engines. EGR recirculates a portion of the exhaust gases from the engine back into the combustion chamber. In the combustion chamber, the routed back exhaust gas is substantially hotter than the intake air. The primary function of the EGR is to reduce the combustion temperature of the fuel in the engine, resulting in lower NOX output. The market for EGR has grown as a result of stricter emission standards for hazardous gases like NOX. The automotive exhaust gas recirculation (EGR) systems market appears potential throughout the projected period due to main driving factors such as a thriving automotive sector, global players expanding into emerging markets, and rising urbanization. Most vehicle manufacturers are putting EGR technology into their vehicles since it helps minimize harmful gas emissions. Increased demand for EGR technology due to its benefits is expected to drive the EGR valve market over the forecast period. Stringent emission standards for automobiles are expected to increase the EGR valve market, owing to its capacity to improve internal combustion engine efficiency in terms of power and fuel economy. The availability of substitutes, pricing pressure, and tight government restrictions for certification of automotive exhaust gas recirculation (EGR) systems are the key constraints that limit the market growth.
The Automotive EGR System Market is segregated based on Product Type, Vehicle Type, and Application. Based on Product Type, the global market is distinguished into EGR coolers, EGR valves, and EGR pipes. Based on Vehicle Type, the global market is distinguished into Passenger vehicles, light commercial vehicles, and heavy commercial vehicles. Based on Application, the global market is distinguished into Gasoline and diesel.
The Asia-Pacific region accounted for the largest market for automotive exhaust gas recirculation systems throughout the forecast period. Due to the presence of emerging economies such as China, India, South Korea, and Japan, the Asia-Pacific area has been the fastest-growing region. Furthermore, some automotive behemoths have moved their focus to this region and seek to grow their operations in APAC. The market for automotive exhaust gas recirculation (EGR) systems in North America is predicted to rise in tandem with increased automobile demand, particularly in the United States. In the United States, commercial cars are in great demand. The growing demand for commercial vehicles fuels the market for automotive exhaust gas recirculation (EGR) systems. The presence of major automotive EGR system manufacturers, which are primarily focusing on significant developments such as expansion, mergers and acquisitions, product launches, and others, is also driving the region's growth. Furthermore, the fact that individuals spend the majority of their time inside automobiles necessitates the use of advanced technology such as automotive exhaust gas recirculation (EGR) systems.
Key players functioning in the Automotive EGR System Market include Mahle GmbH, Wells Vehicle Electronics, BorgWarner Inc., Combustion Ltd, Delphi ANSYS Inc., DENSO Europe BV, Eberspächer Climate Control Systems GmbH & Co. KG, Friedrich Boysen GmbH & Co. KG, ElringKlinger AG, and IAV GmbH.
Browse the full “Automotive EGR System Market By Product Type (EGR cooler, EGR valve, and EGR pipe). By Vehicle Type (Passenger vehicle, light commercial vehicle, and heavy commercial vehicle). By Application (Gasoline and Diesel).” Report at https://www.zionmarketresearch.com/report/automotive-egr-system-market
Automotive EGR System Market is segmented as follows:
By Product Type
By Vehicle Type
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