EGR Cooler Market Forecast Showing 3.1% CAGR to 2027

In terms of revenue, the global EGR cooler market was valued at US$ 511.6 million in 2019 and is projected to reach US$ 511.6 million by 2027; it is expected to grow at a CAGR of 3.1% during the forecast period from 2020 to 2027.

Exhaust gas recirculation (EGR) helps increase fuel-efficiency and reduce emissions as well as engines' power output by circulating toxic gasses back to the combustion chamber for further combustion. Multiple emission norms set up by governments and various organizations, such as Environment Protection Agency (EPA) in North America, EURO 6 in European Union, and Bharat Stage Emission Standards in India, compel vehicle manufacturers meet the regional gas emission standards. These standards focus on lowering the nitrogen monoxide (NO), carbon dioxide (CO2), particulate matter (PM), and no methane hydrocarbons (NMHC) emissions, among others. The emission standards have encouraged to the invention of new technologies, aiming to reduce the emission of harmful gasses from vehicles' combustion engines. EGR is one of the techniques being used to comply with these emission standards. Apart from recirculating the toxic gasses for combustion, EGR systems also help distribute some portion of them back to the engine, which in turn burns less fuel and emits lower volumes of toxic gasses. The forced induction of compressed air accomplished in the combustion chamber, which leaves very little or no unburnt fuel in the combustion chamber, thus reducing the emission of harmful gasses.

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Companies Profiled in this report includes:  Benteler Automotive, BorgWarner Inc., Continental AG, Denso Corporation, erae Automotive Systems Co., Ltd., Faurecia, Hanon Systems, Korens Co. Ltd., MAHLE GmbH, Maruyasu Industries Co., Ltd., Tokyo Radiator MFG. Co., Ltd, Tokyo Roki Co. Ltd., Rheinmetall Automotive AG, Senior Flexonics, Valeo

COVID 19 Impact on EGR Cooler Market

The emergence and rapid spread of coronavirus (COVID-19) has paralyzed numerous countries including developed as well as developing. The continuous surge in count of infected patients is threatening several industries across the globe. As of March 2020, China, Italy, the US, Iran, Spain, Republic of Korea, France, and Germany, are some of the worst affected countries in terms confirmed cases and reported deaths. According to the latest WHO figures, the confirmed COVID-19 positive patient count accounted for 976,249 and 50,489 total deaths globally. The coronavirus outbreak has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns.

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The global EGR cooler market has been segmented as follows:

EGR Cooler Market - By Type

Tube EGR Coolers

Finned EGR Coolers

EGR Cooler Market - By

Engine Type

Diesel Engine

Gasoline Engine

EGR Cooler Market - By Vehicle Type

Passenger Vehicles

Commercial Vehicles

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