Europe EGR Cooler Market
The exhaust gas recirculation (EGR) cooler is a component, which is used to lower the temperature of the exhaust gases that are recirculated by the EGR system. 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 automobile sector is experiencing considerable developments in terms of advanced technologies, advanced technologies for EGR are encouraging automotive OEMs to adopt EGR cooler systems; thus, the automobile industry has a significant impact on the Europe EGR cooler market.
Strategic insights for the Europe EGR Cooler provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 119.00 Million |
| Market Size by 2027 | US$ 114.40 Million |
| Global CAGR (2020 - 2027) | 2.7% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe EGR Cooler refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Europe EGR cooler market is expected to reach US$ 114.40 Mn by 2027 from US$ 119.00 Mn in 2019, at a CAGR of 2.7% from 2020 to 2027. Multiple emission norms set up by governments and multiple organizations, such as EURO 6 in European Union, and have led toward acquiescence to these standards by vehicle manufacturers in their corresponding region. All these standards focus on lowering the emission of nitrogen monoxide (NOx), carbon dioxide (CO2), particulate matter (PM), and no methane hydrocarbons (NMHC), among others. The standards, as mentioned above of emission has led to the invention of new technologies aiming to reduce the emission of these harmful gasses from vehicles’ combustion engines. EGR is one of the techniques being used to comply with these emission standards; thus, the stringent emission norms have significantly impacting on the growth of Europe EGR cooler market. Further, the EGR cooler systems are used for passenger and commercial vehicle. The increasing sales of passenger and commercial vehicles owing to growing disposable income are also driving the demand for Europe EGR cooler market.
In terms of type, the tube EGR coolers segment accounted for the largest share of the Europe 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 passenger vehicles segment held a larger share of the market based on vehicle type in 2019.
A few major primary and secondary sources referred to for preparing this report on the EGR cooler market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Benteler Automotive, BorgWarner Inc., Faurecia, Hanon Systems, MAHLE GmbH, Rheinmetall Automotive AG, Denso Corporation, Continental AG and among others.
The Europe EGR Cooler Market is valued at US$ 119.00 Million in 2019, it is projected to reach US$ 114.40 Million by 2027.
As per our report Europe EGR Cooler Market, the market size is valued at US$ 119.00 Million in 2019, projecting it to reach US$ 114.40 Million by 2027. This translates to a CAGR of approximately 2.7% during the forecast period.
The Europe 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 Europe EGR Cooler Market report:
The Europe EGR Cooler Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe EGR Cooler Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe EGR Cooler Market value chain can benefit from the information contained in a comprehensive market report.
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