EGR Valve Market Size, Share, Industry Analysis, Trends, Growth, Forecasts, 2032

EGR Valve Market

EGR Valve Market By Fuel Type (gasoline and diesel), By Application (LCV, passenger cars, and HCV) And By Region: - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts, 2024-2032

Category: Automotive Report Format : PDF Report Code: ZMR-1920 Status : Upcoming
Market Size in 2023 Market Forecast in 2032 Growth Rate (in %) Base Year
USD 1047.59 Million USD 1,807.24 Million CAGR at 6.26% 2023

Description

According to the report published by Zion Market Research, the global EGR Valve Market size was valued at USD 1047.59 Million in 2023 and is predicted to reach USD 1,807.24 Million by the end of 2032. The market is expected to grow with a CAGR of 6.26% during the forecast period. The report analyzes the global EGR Valve Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the EGR Valve Market industry.

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Global EGR Valve Market: Overview

Exhaust gas recirculation (EGR) are used in the internal combustion engines, which is a technique that helps in reducing the emissions caused due to diesel and petrol or gasoline engines. Exhaust gas recirculation functions by recirculating the part of the engine's exhaust back to the engine cylinders. In case of the diesel engines, the exhaust gas changes the parts of the oxygen that is excess in the mixture of pre-combustion. The combusts of the fuel mixture causes clatter of the valves which damages the engine. By allowing in the chamber small amounts of gas the temperature is reduced.

Global EGR Valve Market: Segmentation

The market for EGR valve is globally fragmented into its fuel type and application. On the basis of fuel type, the global market is segregated into gasoline and diesel. Based on the application, the market is categorized into LCV, passenger cars, and HCV.

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Global EGR Valve Market: Growth Factors

The factors that are triggering the EGR valve market are the use of EGR valve reduces the high temperatures within the combustion chamber, guarantees the strategies that aim for improving the fuel economy and engine efficiency. The utilization of the cooled EGR valves helps in managing pump the gas in order to run the engine more efficiently, for a slow burn the timing of the combustion is improved without knocking, and also helps in preventing the use of the enriched air/fuel mixtures, thus helping in fuel conservation. The emissions of nitrogen oxide and carbon monoxide are reduced along with particulate matter with the help of EGR valve technology. The valve lift is measured directly with the help of EGR valve thus obtaining highly accurate results.

The opening of the throttle plate becomes easy with the help of EGR valves which in turn results in pressure and reduces losses. The EGR valve plays a crucial role in recirculating the harmful gasses, thus increasing its demand in the market. The factors that will limit the growth of the EGR valve market are the valves that are faulty results in poor acceleration and the constant use of the vehicle in the developed regions can block the free movement owing to the speed-up process of the soot collecting.

EGR Valve Market : Report Scope

Report Attributes Report Details
Report Name EGR Valve Market Research Report
Market Size in 2023 USD 1047.59 Million
Market Forecast in 2032 USD 1,807.24 Million
Growth Rate CAGR of 6.26%
Number of Pages 196
Key Companies Covered Lames, SHB Group, Inteva, Aisin, Shengtai Automobile Parts, Hi-Lex, Antolin, and Valeo
Segments Covered By Fuel Type, By Application and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Global EGR Valve Market: Regional Analysis

The geographical diversification of the market for EGR value is given by Latin America, Middle East & Africa, Western Europe, Eastern Europe, North America, and Asia Pacific. The increasing concerns regarding the environment in several nations are influencing the consumers to change their trends of having the desire to have fuel injectors that are cleaner. In the coming years, it is estimated that the EGR valve market will have a significant growth in the Asia Pacific region due to the rapid growth of the end-user industries which include the automobile sector.

Global EGR Valve Market: Competitive Players

The key market players that are involved in the EGR valve market include:

  • Lames
  • SHB Group
  • Inteva
  • Aisin
  • Shengtai Automobile Parts
  • Hi-Lex
  • Antolin
  • Valeo.

The Global EGR Valve Market is segmented as follows:

By Fuel Type 

  • gasoline
  • diesel 

By Application 

Global EGR Valve Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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