Press release
Automotive EGR Cooler Market Current Trends & Future Growth, Forecast 2017 - 2025
The objectives of this study are as follows:
To define, describe, and forecast the "Automotive EGR Cooler" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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An EGR cooler is used to lower the temperature of the exhaust gases in an IC engine, which are recirculated by the EGR system. EGR, or exhaust gas recirculation, technique is utilized to reduce nitrogen oxide emissions in petrol/diesel engines. The gas circulated by the EGR system can be considerably hot, especially in vehicles equipped with diesel engines. Therefore, several diesel engines are equipped with EGR coolers in order to lower the temperature of the exhaust gases before they re-enter the engine. An EGR cooler is made of metal and employs thin passages and fins in order to cool the exhaust gas. Its function is similar to the radiator, by passing cool air through the fins. Cool air decrease the temperature of the exhaust gas through fins or tubes.
Stringent norms imposed globally by regulatory bodies on carbon emissions of automotive are also anticipated to boost the demand for automotive EGR coolers, which in turn controls the emission of toxic gases from vehicles. Emerging markets are witnessing an increase in vehicle production, which in turn is boosting the demand for automotive EGR coolers. The new emissions standards for passenger cars and commercial vehicles can no longer be achieved by applying changes to the engine alone. One approach to comply with the new emissions norms is to incorporate a cooled exhaust gas recirculation (EGR) system. High cost is major disadvantage of this component. Malfunctioning and regular replacement are major issues, as an EGR cooler functions in the high temperature zone.
The automotive EGR cooler market can be segmented based on type, fuel type, vehicle type, and geography.
Based on type, the automotive EGR cooler market can be classified into tube EGR coolers and finned EGR coolers. In tube EGR coolers, tubes are used to cool the EGR. Tube geometry is incorporated on the outer part of the EGR and cool air flows through these tubes, which cool down the exhaust gas temperature. In finned EGR coolers, fins are utilized on the outer part of the EGR system and cool air flows through those fins.
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In terms of fuel type, automotive EGR cooler market can be segmented into gasoline or petrol fuel and diesel fuel. Petrol IC engine uses gasoline as fuel. Gasoline is considered as an efficient fuel, as the pressure created in this engine lower than the diesel engine. Diesel engines generate more heat than petrol engines and hence, need an EGR cooler for better performance.
In terms of vehicle type, the EGR cooler market can be classified into passenger vehicles (PVs) and commercial vehicles (CVs). The passenger vehicles segment can be further sub-segmented into hatchback cars, sedans, multi- purpose vehicles (MPVs), and sport utility vehicles (SUVs). The commercial vehicles segment can be further split into light-weight commercial vehicles (LCVs) and heavy commercial vehicles (HCVs).
In terms of geography, the automotive EGR cooler market can be segmented into North America, Europe, Asia Pacific, and Rest of World (ROW). Asia Pacific accounts for a major share of the global automotive EGR cooler market, owing to the high rate of adoption of automotive EGR coolers and the booming automotive sector, leading to an increased production of vehicles with automotive EGR coolers, especially in China and India.
Key players operating in the global automotive EGR cooler market include Denso Corporation, Senior Flexonics, Korens Inc., Delphi Automotive LLP, Mahle Group, Continental AG, BorgWarner Inc., Friedrich Boysen Gmbh & Co KG, Bosal Automotive Division, and FUTABA INDUSTRIAL CO., LTD.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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