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
- 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
Asia-Pacific EGR Cooler Market Strategic Insights
Asia-Pacific EGR Cooler Market Report Highlights
| 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
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Regions and Countries Covered
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| Asia-Pacific | China, India, Japan, Australia, Rest of Asia-Pacific |
| Market leaders and key company profiles |
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Asia-Pacific EGR Cooler Market Country and Regional Insights
