Report : South America EGR Valves Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Electric EGR Valves and Pneumatic EGR Valves), Application (Gasoline Engine and Diesel Engine), and Vehicle Type (Passenger Cars, LCV, and MCV and HCV)Â
LCV Segment to Dominate SAM EGR Valves Market during 2021–2028
According to a new market research study on “SAM EGR Valves Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Application, and Vehicle Type” is expected to reach US$ 43.42 million by 2028 from US$ 40.92 million in 2021. The market is estimated to grow at a CAGR of 0.9% from 2021 to 2028. The report provides trends prevailing in the SAM EGR Valves market along with the drivers and restraints pertaining to the market growth. Growing demand for commercial vehicles is the major factor driving the growth of the SAM EGR valves market. However, issues associated with the stringent rules imposed by governments hinder the growth of SAM EGR valves market.
The SAM EGR valves market is segmented based on type, application, vehicle type, and country. Based on type, the market is segmented into electric EGR valves and pneumatic EGR valves. The pneumatic EGR valves segment dominated the market in 2020 and electric EGR valves segment is expected to be the fastest growing during the forecast period. Based on application, the market is segmented into gasoline engine and diesel engine. The diesel engine segment dominated the market in 2020 and gasoline engine segment is expected to be the fastest growing during the forecast period. Based on vehicle type, the market is segmented into passenger cars, LCV, MCV, and HCV. The LCV segment dominated the market in 2020 and is expected to be the fastest growing during the forecast period. Based on country, the SAM EGR valves market is classified into Brazil, Argentina, and Rest of SAM.
BorgWarner Inc.; Continental AG; Denso Corporation; Mahle GmbH; Mitsubishi Electric Corporation; Nissens Automotive A/S; Rheinmetall Automotive AG; Tenneco Inc.; and Valeo are among the leading companies in the SAM EGR valves market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, MAHLE is a DTM Electric official series partner and will make a substantial technological contribution to the environmentally friendly racing series. The technological company has decades of racing experience and is a pioneer in the field of thermal management, or heating and cooling, for electric vehicles.
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