What is Global Automotive Exhaust Gas Recirculation (EGR) Systems Market?
The Global Automotive Exhaust Gas Recirculation (EGR) Systems Market is a vast and dynamic sector that plays a crucial role in the automotive industry. This system is designed to reduce nitrogen oxide emissions from engines, which is a significant contributor to air pollution. The EGR system works by recirculating a portion of an engine's exhaust gas back to the engine cylinders, which in turn reduces cylinder temperature and NOx emissions. The global market for these systems is continually evolving, driven by technological advancements, stringent emission norms, and the growing demand for fuel-efficient vehicles. However, the market also faces challenges such as high costs and complex installation processes. Despite these challenges, the market continues to grow, reflecting the increasing awareness about environmental conservation and the need for sustainable solutions in the automotive industry.
EGR Cooler, EGR Valve, EGR Pipe in the Global Automotive Exhaust Gas Recirculation (EGR) Systems Market:
The Global Automotive Exhaust Gas Recirculation (EGR) Systems Market is segmented into EGR Cooler, EGR Valve, and EGR Pipe. The EGR Cooler is a device that cools the exhaust gases before they are recirculated back into the engine, thereby reducing the engine's operating temperature and improving its efficiency. The EGR Valve, on the other hand, controls the flow of exhaust gases into the engine. It opens and closes to allow the correct amount of exhaust gas to enter the engine, ensuring optimal performance. The EGR Pipe is the conduit through which the exhaust gases travel from the exhaust manifold to the EGR Valve. Each of these components plays a vital role in the overall functioning of the EGR system, and their market demand is influenced by factors such as vehicle type, engine size, and regional emission standards.
Passenger Car, Commercial Vehicle in the Global Automotive Exhaust Gas Recirculation (EGR) Systems Market:
The Global Automotive Exhaust Gas Recirculation (EGR) Systems Market finds extensive application in both Passenger Cars and Commercial Vehicles. In Passenger Cars, the EGR system helps in reducing harmful emissions, improving fuel efficiency, and enhancing engine performance. As consumers become more environmentally conscious, the demand for vehicles with EGR systems is expected to rise. In Commercial Vehicles, the EGR system is crucial in meeting stringent emission norms. Commercial vehicles, due to their size and weight, tend to emit more pollutants. Therefore, the implementation of EGR systems in these vehicles is vital in reducing their environmental impact. The market for EGR systems in commercial vehicles is expected to grow, driven by the increasing demand for eco-friendly transportation solutions.
Global Automotive Exhaust Gas Recirculation (EGR) Systems Market Outlook:
The Global Automotive Exhaust Gas Recirculation (EGR) Systems Market has shown promising growth in recent years. In 2022, the market was valued at US$ 2639 million and is projected to reach US$ 4013.9 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 6.1% during the forecast period of 2023-2029. This growth can be attributed to the increasing demand for vehicles with lower emissions and better fuel efficiency. The market is dominated by leading companies such as BorgWarner, Rheinmetall Automotive, Vitesco Technologies, Korens, and Valeo, which collectively held about 52% of the market share in 2019. Among the different types of EGR systems, the EGR cooler held the largest market share in 2019, accounting for about 47% of the total market.
| Report Metric | Details |
| Report Name | Automotive Exhaust Gas Recirculation (EGR) Systems Market |
| Accounted market size in 2022 | US$ 2639 million |
| Forecasted market size in 2029 | US$ 4013.9 million |
| CAGR | 6.1% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | BorgWarner, Rheinmetall Automotive, Vitesco Technologies, Korens, Valeo, Maruyasu Industries, Mahle, Aisan, Denso, Delphi, Keihin Corporation, Tenneco, Klubert + Schmidt, Mitsubishi Electric, Longsheng Technology, TENGLONG |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
