The Cutting-Edge Stratview Insights:
Stratview Research prognosticates the market to grow at a healthy CAGR over the next five years and expects the market to cross over of US$ 1,931.7 million mark by 2024.
The estimates are a result of market analysis over a period of 2013-18, Stratview Research goes to the depth of the issues shaping the market and estimates the most probable future growth rate for the Automotive Gasoline EGR System Market during the period 2019-24.
Identifying the Factors & Avenues of Growth
Tending to the most frequent questions and problems that consume the psyches of business visionaries and leaders, the new report of "Stratview Research" on the Automotive Gasoline EGR Systems Market responds to all the significant inquiries.
Organic growth in automobile production, an increase in penetration of turbochargers in vehicles, and stringent emission standards of different countries are some major factors that are fueling the growth of EGR systems in gasoline vehicles.
EGR system is considered one of the most reliable technologies among various NOx and CO2 emission reduction techniques used in the automotive industry. All the major automakers are incorporating downsized engines to meet the stringent emission regulations imposed by regulatory authorities as well as to rely on customer demand for higher-performance vehicles. The downsized engine generally uses a turbocharger, which increases the density and temperature of the air in the air intake manifold. EGR systems play a vital role in diverting the exhaust gas back to the engine’s intake. Some of the key advantages of the EGR system in gasoline engines are reduced throttling lose, reduced heat rejection, and reduced chemical dissociation. It also reduces the knock limit by a higher compression ratio, providing better fuel economy.
Major players are vigorously aspiring to tap the growing potential of EGR systems in gasoline engine vehicles. The recent move of BorgWarner, the leading player, to supply EGR products for Hyundai’s gasoline engine vehicle models is an example of a successful effort by the company. The automotive industry is still tackling new guidelines of emissions, which require cleaner and efficient engines, which, in turn, has created immense opportunities for tier players to supply EGR systems for various new vehicle models.
Unravelling the Critical Segments
The true picture of the market shall not emerge till the time the market is analyzed from various point of views. Each vantage point gives a better understanding of the market.
It would mean a lot understand with clarity that the market has various parts and insights on them might be critical to many players.
The market of Automotive Gasoline EGR System has been divided into categories such as by Vehicle Type, Pressure Type, by Region. Insights on each segment can be of critical importance to any player.
Each segmented view helps us answer a prominent question, and we bring out the best market intelligence which is of interest to each and every player in the market, no matter where he lies in the value chain.
The answers to the prominent questions which are evinced out of above slicing of the market are:
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Rheinmetall Automotive AG. at the Helm
The top players are Rheinmetall Automotive AG, BorgWarner Inc., Continental AG, Valeo Group, Denso Corporation, and Mitsubishi Electric Corporation.
Other important firms are Asian Industry Co., Ltd, Eberspächer Gruppe GmbH & Co. KG, Faurecia, Korens Inc., MAHLE GmbH.
Increasing Demands of High-pressure EGR system
Based on the pressure type, the market is segmented as high-pressure and low-pressure EGR systems. High-pressure EGR system is expected to remain the larger segment of the market over the next five years. High-pressure EGR system is used at lower engine speeds and load and it is more suitable for transient operation as it is not linked with long air paths.
Low-pressure EGR system is likely to witness the higher growth during the same period, driven by its advantages, such as a reduction in fuel consumption owing to better combustion phasing, reduction in pumping losses and heat losses through the cylinder walls, reduction in knock mitigation, and perfect cylinder-to-cylinder distribution.
Passenger Car to Remain the Dominant Segment
The market is segmented based on the vehicle type as passenger car and commercial vehicles. Passenger car is expected to remain the dominant segment of the automotive gasoline EGR systems market during the forecast period and is also likely to exhibit faster growth during the same period. Increasing production of passenger cars, especially in the developing economies including China and India and the introduction of stringent regulations regarding emissions are creating a gargantuan demand for EGR systems in passenger car’s gasoline engines.
Europe to be the Largest Market
In terms of regions, Europe is projected to remain the largest automotive gasoline EGR systems market during the forecast period in terms of both value and volume. However, Asia-Pacific is likely to experience the highest growth, driven by China and India, the growth engines for the region’s market.
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