1.5% Global CAGR for EGR Cooler Market to achieve US$ 527.8 Mn by 2027

BorgWarner Inc., MAHILE GmbH, Rheinmetall Automotive AG, Benteler Automotive, and Tokyo Roki Co. Ltd – PROMINENT MARKET PARTICIPANTS IN EGR COOLER MARKET

The Exhaust Gas Recirculation (EGR) cooler is a component, which is used to lower the temperature of the exhaust gases that are recirculated by the EGR system. The system recirculates exhaust gases back into the engine to reduce NOx emissions and cylinder temperatures. The gas circulated by the system can be significantly hot, especially in vehicles integrated with diesel engines. Hence, numerous diesel engines are integrated with EGR coolers to reduce the temperature of the exhaust gases before they re-enter the engine.  Before injected in the combustion chamber, the exhaust gas must be cool; by cooling EGR gases (Cold EGR), more percent of exhausted NOX pollutants will be lessened. The EGR cooler systems are used for passenger and commercial vehicle types. The exhaust gas recirculation in passenger cars with diesel engines provides significant potential for lowering the engine-out emissions of vehicle engines. In order to support commercial vehicle manufacturers in meeting emissions regulations, various companies are focused on developing economical EGR coolers.

The automobile sector is experiencing huge developments in terms of advanced technologies, advanced technologies for EGR are encouraging automotive OEMs to adopt EGR cooler systems; thus, the automobile industry has a huge impact on the global EGR cooler market. Various developing countries in APAC and South America, such as India, China, and Brazil, play a crucial role in the growth of the automotive industry. The global EGR cooler market is anticipated to witness impressive growth during the forecast period. The increasing sales of passenger and commercial vehicles owing to growing disposable income are the major driving factor for the global EGR cooler market. In addition, the rising number of stringent regulations and compliance requirements are also expected to drive the demand.

The EGR Cooler market operates in a highly fragmented and competitive marketplace. As leading companies in this market continue to broaden its addressable market, by expanding its current offerings, diversifying its client base, all the prominent players face an increasing level of competition. Several companies in the market are developing new products in order to maintain their position in the market and provide efficient products to their customers. For instance, in October 2018, BorgWarner, Inc. introduced an EGR system that helps automakers in meeting growing emission standards. The system helps to cut down NOx emissions for various diesel vehicles. It comes in a compact package that unites several technologies, which includes an EGR cooler, a bypass, and an EGR valve.

The key companies profiled in the EGR cooler market include Benteler Automotive, BorgWarner Inc., Continental AG, Denso Corporation, erae Automotive Systems Co., Ltd., Faurecia, Hanon Systems, Korens Co. Ltd., MAHILE GmbH, Maruyasu Industries Co., Ltd., Tokyo Radiator MFG. Co., Ltd, Tokyo Roki Co. Ltd., Rheinmetall Automotive AG, Senior Flexonics, and Valeo. Several other players are also functioning in the market worldwide, contributing significant revenue shares year on year.

Most of the market initiatives were observed in North America, which have high potential of EGR cooler providers. A few of the important market initiatives and product developments from the industry are mentioned below:

Year

News

Country

2020

BorgWarner Inc. exhibits its exhaust gas recirculation (EGR) products at the Auto Expo 2020 Components Show. The company is providing its EGR coolers and EGR tubes for 1.3-liter diesel engines to Indian passenger car manufacturer since 2008.

North America

2018

BorgWarner, Inc. introduced an EGR system that helps automakers in meeting growing emission standards. The system helps to cut down NOx emissions for various diesel vehicles. It comes in a compact package that unites several technologies, which includes an EGR cooler, a bypass, and an EGR valve.

North America

2019

In November 2019, Faurecia demonstrated zero-emissions mobility at the Consumer Electronics Show. It also showcased technologies from its Faurecia Clarion Electronics. The technologies highlighted in the event are fuel cell stacks and hydrogen storage systems for zero-emission mobility and various others.

Europe

 

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