Market Introduction
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 EGR cooler systems are used for passenger and commercial vehicle. The increasing sales of passenger and commercial vehicles owing to growing disposable income are the major driving factor for the North America EGR cooler market.
Market Overview and Dynamics
The North America EGR cooler market is expected to reach US$ 88.45 Mn by 2027 from US$ 94.93 Mn in 2019, at a CAGR of 2.4% from 2020 to 2027. The exhaust gas recirculation in passenger cars with diesel engines provides significant potential for lowering the engine-out emissions of vehicle engines. In order to support commercial vehicle manufacturers in meeting emissions regulations, various companies are focused on developing economical EGR coolers. The rising number of stringent regulations and compliance requirements are expected to drive the demand for North America EGR cooler market. Further, 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 North America EGR cooler market.
Key Market Segments
In terms of type, the finned EGR coolers segment accounted for the largest share of the North America 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 North America 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, Korens Co. Ltd., Tokyo Roki Co. Ltd., Valeo, Denso Corporation, Continental AG and among others.
Reasons to buy report
NORTH AMERICA EGR COOLER MARKET SEGMENTATION
North America EGR Cooler Market– By Type
North America EGR Cooler Market– By Engine Type
North America EGR Cooler Market– By Vehicle Type
North America EGR Cooler Market– By Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 94.93 Million |
| Market Size by 2027 | US$ 88.45 Million |
| CAGR (2020 - 2027) | 2.4% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America EGR Cooler Market is valued at US$ 94.93 Million in 2019, it is projected to reach US$ 88.45 Million by 2027.
As per our report North America EGR Cooler Market, the market size is valued at US$ 94.93 Million in 2019, projecting it to reach US$ 88.45 Million by 2027. This translates to a CAGR of approximately 2.4% during the forecast period.
The North America 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 North America EGR Cooler Market report:
The North America EGR Cooler Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America EGR Cooler Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America EGR Cooler Market value chain can benefit from the information contained in a comprehensive market report.
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