Europe 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)
The EGR valves market in Europe is expected to grow from US$ 210.24 million in 2021 to US$ 266.81 million by 2028; it is estimated to grow at a CAGR of 3.5% from 2021 to 2028.
Most vehicle manufacturers are putting EGR technology into their vehicles since it helps reduce harmful gas emissions. EGR provides vehicle makers with a cost-effective, compact, and dependable technique for lowering vehicle emissions and increasing fuel efficiency. It is quickly gaining traction as a go-to solution for improving the efficiency of gasoline and hybrid propulsion systems. The EGR valve market is expected to grow over the projected period as the demand for EGR technology grows due to its benefits. Furthermore, stricter emission requirements for automobiles are projected to boost the demand for EGR valves due to their capacity to improve the internal combustion engine's efficiency in terms of power and fuel economy. EGR optimizes intake and exhaust gases, circulating them in the cylinder until they completely burn, lowering emissions. Automakers are replacing traditional systems with EGR systems to meet strict pollution standards. As a result, the market for vehicle EGR valves is growing. Furthermore, as EGR reduces high temperatures in the combustion chamber, various tactics aimed at boosting engine efficiency and fuel economy can be implemented. Using cooled EGR valves helps the engine run more efficiently by managing pumping gas, improving combustion timing for a steady burn without knocking, and avoiding the use of enriched fuel/air mixtures, which saves gasoline. Carbon monoxide (CO) and nitrogen oxide (NOx) emissions, as well as particulate matter, are reduced via EGR valve technology. By directly detecting valve lift, the EGR valve provides exceptional precision. It also features a simple, low-leak design that eliminates sticking and utilizes fewer parts in the gear train, resulting in a compact, cost-effective solution with a 25% quicker speed. Hence, the demand for EGR valves is likely to propel during the forecast period.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the EGR valves market. The Europe EGR valves market is expected to grow at a good CAGR during the forecast period.
Europe EGR Valves Market Revenue and Forecast to 2028 (US$ million)
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Europe EGR Valves Market Segmentation
The Europe 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 Europe EGR valves market is classified into Germany, France, Italy, the UK, Russia, and the Rest of Europe. BorgWarner Inc.; Continental AG; Denso Corporation; Korens. Co., Ltd. Mahle GmbH; Mitsubishi Electric Corporation; Nissens Automotive A/S; Rheinmetall Automotive AG; Tenneco Inc.; and Valeo are among the leading companies in the Europe EGR valves market.
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. Europe EGR Valves Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Europe EGR Valves Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Burgeoning Demand for Commercial Vehicles
5.1.2 Accentuating Demand for Emission Reducing Technology
5.2 Market Restraints
5.2.1 Stiff Rules Imposed by Governments
5.3 Market Opportunities
5.3.1 Increasing Automotive Industry
5.4 Future Trends
5.4.1 Rising Technological Innovations
5.5 Impact Analysis of Drivers and Restraints
6. EGR Valves Market – Europe Analysis
6.1 Europe EGR Valves Market Overview
6.2 Europe EGR Valves Market Revenue Forecast and Analysis
7. Europe EGR Valves Market Analysis – By Type
7.1 Overview
7.2 Europe EGR Valves Market, By Type (2020 And 2028)
7.3 Electric EGR valves
7.3.1 Overview
7.3.2 Electric EGR valves: EGR valves Market Revenue and Forecast To 2028 (US$ Million)
7.4 Pneumatic EGR valves
7.4.1 Overview
7.4.2 Pneumatic EGR valves: EGR valves Market Revenue and Forecast To 2028 (US$ Million)
8. Europe EGR Valves Market Analysis – By Application
8.1 Overview
8.2 Europe EGR Valves Market, By Application (2020 And 2028)
8.3 Gasoline Engine
8.3.1 Overview
8.3.2 Gasoline Engine: EGR valves Market Revenue and Forecast To 2028 (US$ Million)
8.4 Diesel Engine
8.4.1 Overview
8.4.2 Diesel Engine: EGR valves Market Revenue and Forecast To 2028 (US$ Million)
9. Europe EGR Valves Market Analysis – By Vehicle Type
9.1 Overview
9.2 Europe EGR Valves Market, By Vehicle Type (2020 and 2028)
9.3 Passenger Cars
9.3.1 Overview
9.3.2 Passenger Cars: EGR valves Market Revenue and Forecast To 2028 (US$ Million)
9.4 LCV
9.4.1 Overview
9.4.2 LCV: EGR valves Market Revenue and Forecast To 2028 (US$ Million)
9.5 MCV AND HCV
9.5.1 Overview
9.5.2 MCV and HCV: EGR valves Market Revenue and Forecast To 2028 (US$ Million)
10. Europe EGR Valves Market – Country Analysis
10.1 Overview
10.1.1 Europe: EGR valves Market, by Key Country
10.1.1.1 Germany: EGR valves Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Germany: EGR valves Market, by Type
10.1.1.1.2 Germany: EGR valves Market, By Application
10.1.1.1.3 Germany: EGR valves Market, By Vehicle Type
10.1.1.2 France: EGR valves Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 France: EGR valves Market, by Type
10.1.1.2.2 France: EGR valves Market, By Application
10.1.1.2.3 France: EGR valves Market, By Vehicle Type
10.1.1.3 Italy: EGR valves Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Italy: EGR valves Market, by Type
10.1.1.3.2 Italy: EGR valves Market, By Application
10.1.1.3.3 Italy: EGR valves Market, By Vehicle Type
10.1.1.4 UK: EGR valves Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 UK: EGR valves Market, by Type
10.1.1.4.2 UK: EGR valves Market, By Application
10.1.1.4.3 UK: EGR valves Market, By Vehicle Type
10.1.1.5 Russia: EGR valves Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 Russia: EGR valves Market, by Type
10.1.1.5.2 Russia: EGR valves Market, By Application
10.1.1.5.3 Russia: EGR valves Market, By Vehicle Type
10.1.1.6 Rest of Europe: EGR valves Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of Europe: EGR valves Market, by Type
10.1.1.6.2 Rest of Europe: EGR valves Market, By Application
10.1.1.6.3 Rest of Europe: EGR valves Market, By Vehicle Type
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
12. Company Profiles
12.1 BorgWarner Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Continental AG
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Nissens Automotive A/S
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Denso Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Korens. Co., Ltd.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Mahle GmbH
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Mitsubishi Electric Corporation
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Rheinmetall Automotive AG
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Tenneco Inc.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Valeo
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Europe EGR Valves Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe: EGR valves Market Revenue Share, by Key Country (2020 and 2028)
Table 3. Germany: EGR valves Market, by Type–Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany: EGR valves Market, By Application–Revenue and Forecast to 2028 (US$ Million)
Table 5. Germany: EGR valves Market, By Vehicle Type–Revenue and Forecast to 2028 (US$ Million)
Table 6. France: EGR valves Market, by Type–Revenue and Forecast to 2028 (US$ Million)
Table 7. France: EGR valves Market, By Application–Revenue and Forecast to 2028 (US$ Million)
Table 8. France: EGR valves Market, By Vehicle Type–Revenue and Forecast to 2028 (US$ Million)
Table 9. Italy: EGR valves Market, by Type–Revenue and Forecast to 2028 (US$ Million)
Table 10. Italy: EGR valves Market, By Application–Revenue and Forecast to 2028 (US$ Million)
Table 11. Italy: EGR valves Market, By Vehicle Type–Revenue and Forecast to 2028 (US$ Million)
Table 12. UK: EGR valves Market, by Type–Revenue and Forecast to 2028 (US$ Million)
Table 13. UK: EGR valves Market, By Application–Revenue and Forecast to 2028 (US$ Million)
Table 14. UK: EGR valves Market, By Vehicle Type–Revenue and Forecast to 2028 (US$ Million)
Table 15. Russia: EGR valves Market, by Type–Revenue and Forecast to 2028 (US$ Million)
Table 16. Russia: EGR valves Market, By Application–Revenue and Forecast to 2028 (US$ Million)
Table 17. Russia: EGR valves Market, By Vehicle Type–Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Europe: EGR valves Market, by Type–Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Europe: EGR valves Market, By Application–Revenue and Forecast to 2028 (US$ Million)
Table 20. Rest of Europe: EGR valves Market, By Vehicle Type–Revenue and Forecast to 2028 (US$ Million)
Table 21. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe EGR Valves Market Segmentation
Figure 2. Europe EGR Valves Market Segmentation – By Country
Figure 3. Europe EGR Valves Market Overview
Figure 4. Europe EGR Valves Market, By Type
Figure 5. Europe EGR Valves Market, By Country
Figure 6. Europe PEST Analysis
Figure 7. Europe EGR valves Market- Ecosystem Analysis
Figure 8. Europe EGR Valves Market Impact Analysis of Drivers and Restraints
Figure 9. Europe EGR Valves Market Revenue Forecast and Analysis (US$ Million)
Figure 10. Europe EGR valves Market, By Type (2020 And 2028)
Figure 11. Europe Electric EGR Valves: EGR Valves Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. Europe Pneumatic EGR Valves: EGR valves Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Europe EGR Valves Market, By Application (2020 and 2028)
Figure 14. Europe Gasoline Engine: EGR valves Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Europe Diesel Engine: EGR valves Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Europe EGR Valves Market, By Vehicle Type (2020 and 2028)
Figure 17. Europe Passenger Cars: EGR valves Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Europe LCV: EGR valves Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe MCV and HCV: EGR valves MARKET REVENUE and Forecast to 2028 (US$ Million)
Figure 20. Europe: EGR Valves Market, by Key Country – Revenue (2020) (US$ Million)
Figure 21. Europe: EGR valves Market Revenue Share, by Key Country (2020 and 2028)
Figure 22. Germany: EGR valves Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. France: EGR valves Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Italy: EGR valves Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. UK: EGR valves Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Russia: EGR valves Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Rest of Europe: EGR valves Market – Revenue and Forecast to 2028 (US$ Million)
- BorgWarner Inc.
- Continental AG
- Denso Corporation
- Korens. Co., Ltd.
- Mahle GmbH
- Mitsubishi Electric Corporation
- Nissens Automotive A/S
- Rheinmetall Automotive AG
- Tenneco Inc.
- Valeo