The latest report on Automotive EGR System Market by Infinium Global Research gives complete coverage of the automotive EGR system market by product (EGR control valve, EGR coolers, piping, flanges gaskets), vehicle (passenger cars, commercial vehicle), engine type (gasoline, diesel-powered) in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and application trends in the regional markets of automotive EGR systems such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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Environmental Pollution is Some Major Factors Escalating the Growth of Automotive EGR System Industry
The exhaust gas recirculation system (EGR) is an emission control technology that reduces and controls NOx emissions from diesel and gasoline engines. It works by recirculating a controllable proportion of the engine’s exhaust gas back to the engine cylinder. The recirculating gas with incoming air reduces the amount of oxygen to the combustion. This system is applicable for a wide range of diesel engines from light, medium- and heavy-duty diesel engines right up to two-stroke low-speed marine engines.
Exhaust gas recirculation consists of three basic parts that include the EGR valve, EGR cooler, and EGR transfer pipe. The EGR valve is the most important component in the Automotive EGR system. EGR valve controls the amount of recirculated exhaust gas to reduce NOx emission as well as fuel consumption. The various types of exhaust gas recirculation include internal and external exhaust gas recirculation.
Due to modernization and the increase in spending power of people, the number of vehicles is increasing significantly across the globe that results in higher automotive emission. The major contributor to environmental pollution is vehicle traffic. CO, CO2, HC, and NOx are the exhaust gases mainly produced by vehicles. The stringent emission norms regarding the emission of harmful gases such as NOx and growing concerns about environmental pollution are some major factors escalating the growth of the automotive EGR system market.
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Significant Growth Opportunities for Automotive EGR System Industry
However, the availability of substitutes such as selective catalytic reduction (SCR) system could restrain the growth of the automotive EGR system market. Selective catalytic reduction (SCR) is an emissions control technology designed to reduce emissions of nitrogen oxides and to meet stringent new air quality regulations. Furthermore, the growing count of automotive sales, technological development and rapidly growing disposable income among the consumers are expected to provide significant growth opportunities for the automotive EGR system market.
Among the region, the Asia Pacific region dominated the automotive EGR system market. The Asia Pacific region has emerged as a major automotive hub with the majority of the market share in terms of vehicle production as well as sales. Being the largest market for automobiles Asia Pacific region is estimated to witness the largest demand for the automotive EGR system. Growing sales of passenger cars and technological advancement are some factors responsible for the growth of the automotive EGR system market in the Asia Pacific region.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the automotive erg system.
- Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.