The report of Automotive Exhaust Gas Recirculation (EGR) Systems Market By Product Type (EGR cooler, EGR valve, EGR pipe), Application (Gasoline, Diesel), Vehicle Type (Commercial Vehicles, Passenger Vehicles), and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ XX Mn. by 2027, at a CAGR of 8.8 % during a forecast period.
Global Automotive Exhaust Gas Recirculation (EGR) System is getting popular owing to use of sensor that plays important part in control vehicle emission system. The controlling of vehicle emission is becoming necessity; hence new emission control system demand is increasing, also the vehicle emission norms are getting stringent and the manufacturers need to comply the norms driving the Global Automotive Exhaust Gas Recirculation (EGR) Systems Market.
Recirculation of the engine exhaust gas and sent back to engine cylinder the system is called as EGR (Exhaust Gas Recirculation). The EGR system reduces the temperature of engine and reduces NOx emission.
Global Automotive Exhaust Gas Recirculation (EGR) Systems Market is segmented by product type into the EGR cooler, EGR valve, and EGR pipe. The EGR valve segment has highest market share in 2019, followed by EGR pipes and EGR cooler. Manufacturers need to comply with the new emission limits, owing to the regulations companies are installing cooled exhaust gas recirculation (EGR) to reducing nitrogen oxide emissions (NOx) in internal combustion engines.`
Global Automotive Exhaust Gas Recirculation (EGR) Systems Market: Drivers
The Automotive Exhaust Gas Recirculation (EGR) Systems is very useful in recirculation of gases emitting from vehicle to reuse in vehicle combustion system.
Governments all over the worlds signed various norms to reduce air pollution causing due to emission of vehicles fuel. Worldwide Harmonized light vehicle test procedure, this process used by region Europe, countries in APAC like Japan, India, China and South Korea made mandatory use of Harmonize test that will help in reduction of fuel emission and increase Global Automotive Exhaust Gas Recirculation (EGR) Systems Market.
OEMs across the world are trying to build fuel efficient automobiles. These measures taken by the automotive industries are expected to propel the market of Global Automotive Exhaust Gas Recirculation (EGR) Systems.
Major restraint and challenge in the growth of Automotive Exhaust Gas Recirculation (EGR) Systems market are the availability of substitute, strict government, and pricing pressure regulations for certification of automotive exhaust gas recirculation (EGR) systems.
Global Automotive Exhaust Gas Recirculation (EGR) Systems Market: Regional Overview
The Global Automotive Exhaust Gas Recirculation (EGR) Systems Market is segmented in to various regions such as North America, Europe, Middle East & Africa, South America, and Asia Pacific. Asia-Pacific region has dominance over the Global Automotive Exhaust Gas Recirculation (EGR) Systems Market owing to largest market for passenger vehicle and commercial vehicle. Asia-Pacific region is largest and fastest-growing region due to the presence of developing economies such as China, Japan, India, and South Korea. In addition that several automakers shifted their focus in Asia Pacific region Followed by Europe and North America. Moreover, several automotive giants have shifted their focus in this region and have planned to expand their operations in the APAC region, owing to factor are majorly driving the growth of Automotive Exhaust Gas Recirculation (EGR) Systems Market.
North America is major market for an automotive exhaust gas recirculation (EGR) system is anticipateto grow with increasing automobile demand. US region is showing an immense growth in demand for commercial vehicles. The growth of commercial vehicle market is highly driving the growth of North America market. The presence of major automotive EGR systems manufacturers in North America, and adoption of advanced technologies is driving the automotive exhaust gas recirculation (EGR) systems market.
Key players operating in the Automotive Exhaust Gas Recirculation (EGR) Systems Market are 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.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Automotive Exhaust Gas Recirculation (EGR) Systems Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Automotive Exhaust Gas Recirculation (EGR) Systems Market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Automotive Exhaust Gas Recirculation (EGR) Systems Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Automotive Exhaust Gas Recirculation (EGR) Systems Market.”
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