Automotive Gasoline EGR Systems Market estimated to grow at impressive CAGR in the forecast period (2019-2024)

Summary:
The report on the Automotive Gasoline EGR Systems Market has been launched in May,2019 by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2019-2024. The report also offers insights into different market segments and other factors affecting the market.

Click here for Report Description:
https://www.stratviewresearch.com/toc/481/automotive-gasoline-EGR-systems-market.html
Or
Request for a free sample here:
https://www.stratviewresearch.com/Request-Sample/481/automotive-gasoline-EGR-systems-market.html

Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Automotive Gasoline EGR Systems Market is expected to inflate at impressive CAGR by the forecast period (2019 – 2024).

As per the report, the market is segmented by:
• By Vehicle Type: Passenger Car, Commercial Vehicle
• By Pressure Type: High-Pressure EGR Systems, Low Pressure EGR System
• By Region: North America, Europe, Asia-Pacific, Rest of the World

The Table of Contents can be gone through here:
https://www.stratviewresearch.com/toc/481/automotive-gasoline-EGR-systems-market.html

Highlights of the Report:

EGR system for gasoline engines roughly accounts for less than one fourth of the total automotive EGR systems market and is likely to be one of the fastest-growing emission reduction technologies in gasoline vehicles in the coming five years. The global automotive gasoline EGR systems market is projected to offer healthy growth opportunities and is likely to reach US$ 1,931.7 million in 2024. 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.

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.

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.

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.

Key Players of the Market

The market is consolidated in nature with five major players Asian Industry Co., Ltd, BorgWarner Inc., Continental AG, Denso Corporation, Eberspächer Gruppe GmbH & Co. KG holding together the major share in the market, with Asian Industry Co., Ltd being the key player.
Other important firms are Faurecia, Korens Inc., MAHLE GmbH, Rheinmetall Automotive AG., Valeo Group.

Features of the Report

The Report discusses about the working of the Gasoline EGR Systems, the various types, and the growth of the Gasoline EGR Systems in the global market. Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth

400 Renaissance Center, Suite 2600, Detroit, Michigan, MI 48243 United States of America

Know more about us and our reports:
Stratview Research is a global market research company and is known to offer custom research reports in varied fields such as aerospace & Defense, Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. The team makes sure to have a deep research about the topics so that the most useful insights can be delivered to the professionals.
For inquiries, Contact:
Ritesh Gandecha
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176

This release was published on openPR.