Automotive Gasoline EGR Systems Market Size to Grow at a CAGR of 21.5% to reach US$ 1,931.7 million in 2024

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, according to a newly added report by Stratview Research. 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 report offers detailed insights in relevant market segments, their growth rates, latest market trends, forecasts, and other important details. The market has been segmented in three ways and the report has more than 150 figures and tables providing the most comprehensive information about the market segments and their growth prospects for the forecast period of 2019-2024.

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As per the report, among different vehicle types, 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.

View the Table of Contents here https://www.stratviewresearch.com/toc/481/automotive-gasoline-EGR-systems-market.html

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.

Read the Full Report Description here https://www.stratviewresearch.com/toc/481/automotive-gasoline-EGR-systems-market.html

The report further mentions about the key manufacturing players Rheinmetall Automotive AG, BorgWarner Inc., Continental AG, Valeo Group, Denso Corporation, and Mitsubishi Electric Corporation. who are emerging fast and their roles in the growing market. It also portraits the important mergers, acquisitions, and other current happenings in the automotive gasoline EGR systems market that can be helpful for the interested clients in analysing the market and taking right decisions accordingly.

Salient Features of the Report
The report on automotive gasoline EGR systems market is a well-researched work after analysing of various data from different reliable sources. The report included some of the salient features such as:
• Market structure,
• Market environment analysis,
• Market trend and forecast analysis,
• Market segment trend and forecast,
• Competitive landscape and dynamics,
• Attractive market segments and associated growth opportunities,
• Emerging trends,
• Strategic growth opportunities for the existing and new players,
• Key success factors

About Stratview Research:
Stratview Research is a global research company offering custom research and marker research reports for interested client in different sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Healthcare & Life Sciences, and Oil & Gas. All the reports generated are based on proper data collected from reliable sources and are scrutinized carefully before releasing so that the interested clients and companies can make the most out of it.

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Stratview Research
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About Stratview Research
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