Market Introduction
The system recirculates exhaust gases back into the engine to reduce NOx emissions and cylinder temperatures. The gas circulated by the system can be significantly hot, especially in vehicles integrated with diesel engines. Hence, numerous diesel engines are combined with EGR coolers to reduce the temperature of the exhaust gases before they re-enter the engine. Before injecting in the combustion chamber, the exhaust gas must be cool; by cooling EGR gases (Cold EGR), more percent of exhausted NOX pollutants will be lessened. The EGR cooler systems are used for passenger and commercial vehicle types. In order to support commercial vehicle manufacturers in meeting emissions regulations, various companies are focused on developing economical EGR coolers.
Market Overview and Dynamics
The Asia-Pacific EGR Cooler Market is expected to reach US$ 267.1 Mn by 2027 from US$ 259.3 Mn in 2019, at a CAGR of 3.65% from 2020 to 2027. Factors driving the EGR Cooler Market growth include the rising implementation of EGR amongst gasoline engines. Unlike diesel engines, EGR is actively used in gasoline engines to reduce NOx discharge dramatically. Therefore, recirculating exhaust gas on gasoline engines is mainly used to minimize throttling loss at the part-load range, thus reduce fuel consumption, and secondarily, to reduce NOX emission levels.
The government of Asia Pacific is taking possible steps to reduce its effects of COVID-19 by announcing lockdown. China is one of the leading manufacturing sectors in the region, and the most affected country in APAC. The lockdown has been having a severe impact on the Indian automotive sector. However, China has been able to stabilize its spread of COVID-19, and industries are up and running. This embarks a positive sign towards the stabilization of the EGR cooler market.
Key Market Segments
In terms of type, the finned EGR coolers segment accounted for the largest share of the Asia-Pacific EGR Cooler Market in 2019. In terms of engine type, the diesel engine segment held a larger market share of the EGR Cooler Market in 2019. Further, the commercial vehicle segment held a larger share of the market based on vehicle type in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the EGR Cooler Market in Asia-Pacific are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are BorgWarner Inc, MAHLE GmbH, Rheinmetall Automotive AG, Benteler Automotive, and Tokyo Roki Co. Ltd among others.
Reasons to buy report
ASIA-PACIFIC EGR COOLER MARKET SEGMENTATION
Asia-Pacific EGR Cooler Market– By Type
Asia-Pacific EGR Cooler Market– By Engine Type
Asia-Pacific EGR Cooler Market– By Vehicle Type
Asia-Pacific EGR Cooler Market– By Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 259.3 Million |
| Market Size by 2027 | US$ 267.1 Million |
| CAGR (2020 - 2027) | 3.65% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia-Pacific EGR Cooler Market is valued at US$ 259.3 Million in 2019, it is projected to reach US$ 267.1 Million by 2027.
As per our report Asia-Pacific EGR Cooler Market, the market size is valued at US$ 259.3 Million in 2019, projecting it to reach US$ 267.1 Million by 2027. This translates to a CAGR of approximately 3.65% during the forecast period.
The Asia-Pacific EGR Cooler Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia-Pacific EGR Cooler Market report:
The Asia-Pacific EGR Cooler Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia-Pacific EGR Cooler Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia-Pacific EGR Cooler Market value chain can benefit from the information contained in a comprehensive market report.
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