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.
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.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 210.24 Million |
| Market Size by 2028 | US$ 266.81 Million |
| CAGR (2021 - 2028) | 3.5% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe EGR Valves Market is valued at US$ 210.24 Million in 2021, it is projected to reach US$ 266.81 Million by 2028.
As per our report Europe EGR Valves Market, the market size is valued at US$ 210.24 Million in 2021, projecting it to reach US$ 266.81 Million by 2028. This translates to a CAGR of approximately 3.5% during the forecast period.
The Europe EGR Valves 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 Valves Market report:
The Europe EGR Valves Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe EGR Valves Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe EGR Valves Market value chain can benefit from the information contained in a comprehensive market report.
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