Global Exhaust Gas Recirculation (EGR) Valve Market Research Report 2022

In internal combustion engines, exhaust gas recirculation (EGR) is a emissions reduction technique used in petrol/gasoline and diesel engines to reduce nitrogen oxide. EGR works by recirculating a part of an engine's exhaust gas back to the engine cylinders. In the case of gasoline engines, this inert exhaust displaces an amount of combustible gas from the cylinder. In diesel engines, the exhaust gas replaces parts of the excess oxygen in the pre-combustion mixture. The fuel mixture combusts, causing clatter of valves and damages the engine. Allowing small amounts of gas into the chamber reduces the temperature. Regulating the exhaust is done by the EGR Valve. EGR technology offers automobile producers a reliable, compact and cost-effective method to improve fuel efficiency and reduce emissions, and is fast catching up the standard solution for gasoline hybrid propulsion systems. It increases the output of the fuel. The EGR Valve Minimizes throttling losses reduce chemical disassociation, reduces heat reduction.
Market Analysis and Insights: Global Exhaust Gas Recirculation (EGR) Valve Market
Due to the COVID-19 pandemic, the global Exhaust Gas Recirculation (EGR) Valve market size is estimated to be worth US$ 990.2 million in 2022 and is forecast to a readjusted size of US$ 1420.6 million by 2028 with a CAGR of 6.2% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Gasoline EGR Valve accounting for % of the Exhaust Gas Recirculation (EGR) Valve global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Passenger Vehicles segment is altered to an % CAGR throughout this forecast period.
The major manufacturers of Exhaust Gas Recirculation (EGR) Valve include BorgWarner, Denso, Rheinmetall Automotive, Continental, Mahle, and Delphi, with the top three accounting for more than 25%.
Europe is the leading market with a market share of about 40%, followed by North America and China with about 20% each.
Global Exhaust Gas Recirculation (EGR) Valve Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Exhaust Gas Recirculation (EGR) Valve Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Gasoline EGR Valve
Diesel EGR Valve
Segment by Application
Passenger Vehicles
Commercial Vehicles
Non-road Usage
By Company
BorgWarner
Denso
Rheinmetall Automotive
Continental
Mahle
Delphi
Korens
Keihin
Longsheng Technology
Eberspacher
Faurecia
Yibin Tianruida
MEET Automotive
Klubert + Schmidt
Zhejiang Jiulong
Gits Manufacturing
Yinlun Machinery
Production by Region
North America
Europe
China
Japan
South Korea
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina

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