Asia-Pacific EGR Cooler Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (Tube EGR Coolers, Finned EGR Coolers); Engine Type (Diesel Engine, Gasoline Engine); Vehicle Type (Passenger Vehicles, Commercial Vehicles), and Country
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.
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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
- To understand the Asia-Pacific EGR cooler Market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive market landscape in this region
- Efficiently plan merger and acquisition, and partnership deals in the Asia-Pacific EGR cooler Market by identifying market segments with the most promising probable sales
- Make knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various market segments
- Obtain revenue forecast for the Asia-Pacific EGR cooler based on various segments, for the period 2020–2027.
ASIA-PACIFIC EGR COOLER MARKET SEGMENTATION
Asia-Pacific EGR Cooler Market– By Type
- Tube EGR Coolers
- Finned EGR Coolers
Asia-Pacific EGR Cooler Market– By Engine Type
- Diesel Engine
- Gasoline Engine
Asia-Pacific EGR Cooler Market– By Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
Asia-Pacific EGR Cooler Market– By Country
- China
- India
- Japan
- South Korea
- Rest of APAC
Company Profiles
- Benteler Automotive
- BorgWarner Inc
- erae Automotive Systems Co., Ltd
- Faurecia
- Hanon Systems
- KORENS. Co., LTD
- Maruyasu Industries Co., Ltd.
- Tokyo Radiator MFG. Co., Ltd
- Tokyo Roki Co. Ltd
- Valeo
- MAHLE GmbH
- Rheinmetall Automotive AG
- Denso Corporation
- Continental AG
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. EGR Cooler Market Landscape
4.1 Market Overview
5. PEST Analysis
5.1 Asia-Pacific – PEST Analysis
6. EGR Cooler –Market Dynamics
6.1 Market Drivers
6.1.1 Rising Implementation of EGR Amongst Gasoline Engines
6.1.2 Increasing Fuel Efficiency and Reduction in Release of Harmful Gasses
6.2 Market Restraints
6.2.1 Depletion of Fuel Reserves
6.3 Market Opportunities
6.3.1 Increasing Adoption of Modular EGR Cooler
6.4 Future Trend
6.4.1 Rising focus on the Development of light weight EGR Cooler
6.5 Impact Analysis of Drivers and Restraints
7. EGR Cooler Market – Asia Pacific Market Analysis
7.1 EGR Cooler Market Overview
7.2 EGR Cooler Market –Revenue, and Forecast to 2027 (US$ Million)
8. EGR Cooler Market Analysis – By Type
8.1 Overview
8.2 EGR Cooler Market Breakdown, by Type, 2019 & 2027
8.3 Tube EGR Cooler
8.3.1 Overview
8.3.2 Tube EGR Cooler Market Revenue and Forecast to 2027 (US$ Million)
8.4 Finned EGR Cooler
8.4.1 Overview
8.4.2 Finned EGR Cooler Market Revenue and Forecast to 2027 (US$ Million)
9. EGR Cooler Market Analysis – By Engine Type
9.1 Overview
9.2 EGR Cooler Market Breakdown, by Engine Type, 2019 & 2027
9.3 Diesel Engine
9.3.1 Overview
9.3.2 Diesel Engine Market Revenue and Forecast to 2027 (US$ Million)
9.4 Gasoline Engine
9.4.1 Overview
9.4.2 Gasoline Engine Market Revenue and Forecast to 2027 (US$ Million)
10. EGR Cooler Market Analysis – By Vehicle Type
10.1 Overview
10.2 EGR Cooler Market Breakdown, by Vehicle Type, 2019 & 2027
10.3 Passenger Vehicles
10.3.1 Overview
10.3.2 Passenger Market Revenue and Forecast to 2027 (US$ Million)
10.4 Commercial Vehicles
10.4.1 Overview
10.4.2 Commercial Market Revenue and Forecast to 2027 (US$ Million)
11. EGR Cooler Market – Country Analysis
11.1 Overview
11.1.1 APAC: EGR Cooler Market, By Country
11.1.1.1 China: EGR Cooler Market – Revenue and Forecast to 2027 (US$ Million)
11.1.1.1.1 China: EGR Cooler Market, by Type
11.1.1.1.2 China: EGR Cooler Market, by Engine Type
11.1.1.1.3 China: EGR Cooler Market, by Vehicle Type
11.1.1.2 India: EGR Cooler Market – Revenue and Forecast to 2027 (US$ Million)
11.1.1.2.1 India: EGR Cooler Market, by Type
11.1.1.2.2 India: EGR Cooler Market, by Engine Type
11.1.1.2.3 India: EGR Cooler Market, by Vehicle Type
11.1.1.3 Japan: EGR Cooler Market – Revenue and Forecast to 2027 (US$ Million)
11.1.1.3.1 Japan: EGR Cooler Market, by Type
11.1.1.3.2 Japan: EGR Cooler Market, by Engine Type
11.1.1.3.3 Japan: EGR Cooler Market, by Vehicle Type
11.1.1.4 South Korea: EGR Cooler Market – Revenue and Forecast to 2027 (US$ Million)
11.1.1.4.1 South Korea: EGR Cooler Market, by Type
11.1.1.4.2 South Korea: EGR Cooler Market, by Engine Type
11.1.1.4.3 South Korea: EGR Cooler Market, by Vehicle Type
11.1.1.5 Rest of APAC: EGR Cooler Market – Revenue and Forecast to 2027 (US$ Million)
11.1.1.5.1 Rest of APAC: EGR Cooler Market, by Type
11.1.1.5.2 Rest of APAC: EGR Cooler Market, by Engine Type
11.1.1.5.3 Rest of APAC: EGR Cooler Market, by Vehicle Type
12. Impact of Coronavirus Outbreak
12.1 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Market Initiatives
13.2 Mergers and Acquisitions
13.3 New Product Development
14. Company Profiles
14.1 Benteler Automotive
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 BorgWarner Inc.
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 erae Automotive Systems Co., Ltd.
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Faurecia
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Hanon Systems
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 KORENS. Co., LTD.
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Maruyasu Industries Co., Ltd.
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Tokyo Radiator MFG. Co., Ltd.
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Tokyo Roki Co. Ltd
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Valeo
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
14.11 MAHLE GmbH
14.11.1 Key Facts
14.11.2 Business Description
14.11.3 Products and Services
14.11.4 Financial Overview
14.11.5 SWOT Analysis
14.11.6 Key Developments
14.12 Rheinmetall Automotive AG
14.12.1 Key Facts
14.12.2 Business Description
14.12.3 Products and Services
14.12.4 Financial Overview
14.12.5 SWOT Analysis
14.12.6 Key Developments
14.13 Denso Corporation
14.13.1 Key Facts
14.13.2 Business Description
14.13.3 Products and Services
14.13.4 Financial Overview
14.13.5 SWOT Analysis
14.13.6 Key Developments
14.14 Continental AG
14.14.1 Key Facts
14.14.2 Business Description
14.14.3 Products and Services
14.14.4 Financial Overview
14.14.5 SWOT Analysis
14.14.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. EGR Cooler Market –Revenue and Forecast to 2027 (US$ Million)
Table 2. APAC: EGR Cooler Market, By Country – Revenue and Forecast to 2027 (US$ Million)
Table 3. China: EGR Cooler Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 4. China: EGR Cooler Market, By Engine Type – Revenue and Forecast to 2027 (US$ Million)
Table 5. China: EGR Cooler Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 6. India: EGR Cooler Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 7. India: EGR Cooler Market, By Engine Type – Revenue and Forecast to 2027 (US$ Million)
Table 8. India: EGR Cooler Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 9. Japan: EGR Cooler Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 10. Japan: EGR Cooler Market, By Engine Type – Revenue and Forecast to 2027 (US$ Million)
Table 11. Japan: EGR Cooler Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 12. South Korea: EGR Cooler Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 13. South Korea: EGR Cooler Market, By Engine Type – Revenue and Forecast to 2027 (US$ Million)
Table 14. South Korea: EGR Cooler Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 15. Rest of APAC: EGR Cooler Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 16. Rest of APAC: EGR Cooler Market, By Engine Type – Revenue and Forecast to 2027 (US$ Million)
Table 17. Rest of APAC: EGR Cooler Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 18. List of Abbreviation
LIST OF FIGURES
Figure 1. EGR Cooler Market Segmentation
Figure 2. EGR Cooler Market Segmentation – By Country
Figure 3. Asia Pacific EGR Cooler Market Overview
Figure 4. EGR Cooler Market, by Country
Figure 5. EGR Cooler Market, By Type
Figure 6. Asia-Pacific – PEST Analysis
Figure 7. EGR Cooler Market Impact Analysis of Drivers and Restraints
Figure 8. EGR Cooler Market – Revenue and Forecast to 2027 (US$ Million)
Figure 9. EGR Cooler Market Breakdown, by Type (2019 and 2027)
Figure 10. Tube EGR Cooler Market Revenue and Forecast to 2027(US$ Million)
Figure 11. Finned EGR Cooler Market Revenue and Forecast to 2027(US$ Million)
Figure 12. EGR Cooler Market Breakdown, by Engine Type (2019 and 2027)
Figure 13. Diesel Engine Market Revenue and Forecast to 2027(US$ Million)
Figure 14. Gasoline Engine Market Revenue and Forecast to 2027(US$ Million)
Figure 15. EGR Cooler Market Breakdown, by Vehicle Type (2019 and 2027)
Figure 16. Passenger Market Revenue and Forecast to 2027(US$ Million)
Figure 17. Commercial Market Revenue and Forecast to 2027(US$ Million)
Figure 18. APAC: EGR Cooler Market Revenue Share, By Country (2019 and 2027)
Figure 19. China: EGR Cooler Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. India: EGR Cooler Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. Japan: EGR Cooler Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. South Korea: EGR Cooler Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Rest of APAC: EGR Cooler Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
- Benteler Automotive
- BorgWarner Inc
- erae Automotive Systems Co., Ltd
- Faurecia
- Hanon Systems
- KORENS. Co., LTD
- Maruyasu Industries Co., Ltd.
- Tokyo Radiator MFG. Co., Ltd
- Tokyo Roki Co. Ltd
- Valeo
- MAHLE GmbH
- Rheinmetall Automotive AG
- Denso Corporation
- Continental AG
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