Automotive Gasoline EGR Systems Market Growth Analysis | 2019-2024
Automotive Gasoline EGR Systems Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis: 2019-2024 See less
Automotive Gasoline EGR Systems Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis: 2019-2024
Automotive Gasoline EGR Systems Market is segmented by Vehicle Type (Passenger Car and Commercial Vehicle), by Pressure Type (High-Pressure EGR and Low-Pressure EGR), and by Region (North America, Europe, Asia-Pacific, and the Rest of the World).
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The automotive gasoline EGR systems market is likely to grow at a healthy CAGR of 21.5% during 2019-2024 to reach USD 1.9 billion in 2024.
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Introduction
The gasoline EGR system is an emission control system in vehicles that helps in reducing the nitrogen oxide amount in the vehicle's exhaust gas. This is done by sending back some of the exhaust gases to the intake manifold and thus reducing the temperature of combustion. Gasoline EGR system works in the same way as the EGR system in a diesel vehicle operates. Also, it is helpful in replacing fuel enrichment in the engine of gasoline vehicles to restrain knock.
Automotive Gasoline EGR Systems Market Highlights |
|
Market Size in 2024 |
USD 1.9 billion |
Market Growth (2019-2024) |
21.5% CAGR |
Base Year of Study |
2018 |
Trend Period |
2013-2017 |
Forecast Period |
2019-2024 |
EGR systems for gasoline engines roughly account for less than one-fourth of the total automotive EGR systems market and is likely to be one of the fastest-growing emission reduction technologies in gasoline vehicles in the coming five years.
The major factors driving the growth of the automotive gasoline EGR system market are:
EGR systems are considered one of the most reliable technologies among various NOx and CO2 emission reduction techniques used in the automotive industry. All the major automakers are incorporating downsized engines to meet the stringent emission regulations imposed by regulatory authorities as well as to rely on customer demand for higher-performance vehicles. The downsized engine generally uses a turbocharger, which increases the density and temperature of the air in the air intake manifold. EGR systems play a vital role in diverting the exhaust gas back to the engine’s intake. Some of the key advantages of the EGR system in gasoline engines are reduced throttling loss, reduced heat rejection, and reduced chemical dissociation. It also reduces the knock limit by a higher compression ratio, providing better fuel economy.
Major players are vigorously aspiring to tap the growing potential of EGR systems in gasoline engine vehicles. The recent move of BorgWarner, the leading player, to supply EGR products for Hyundai’s gasoline engine vehicle models is an example of a successful effort by the company. The automotive industry is still tackling new guidelines of emissions, which require cleaner and more efficient engines, which, in turn, has created immense opportunities for tier players to supply EGR systems for various new vehicle models.
Segmentations |
List of Sub-Segments |
Segments with High Growth Opportunity |
Vehicle Type Analysis |
Passenger Car and Commercial Vehicle |
Passenger car is expected to remain the dominant segment of the automotive gasoline EGR systems market during the forecast period and is also likely to exhibit faster growth during the same period. |
Pressure Type Analysis |
High-Pressure EGR and Low-Pressure EGR |
The high-pressure EGR system is expected to remain the largest segment of the market over the next five years. |
Regional Analysis |
North America, Europe, Asia-Pacific, and Rest of the World |
Europe is projected to remain the largest automotive gasoline EGR systems market during the forecast period in terms of both value and volume. |
The market is segmented based on the vehicle type as passenger car and commercial vehicles. Passenger cars are expected to remain the dominant segment of the automotive gasoline EGR systems market during the forecast period and is also likely to exhibit faster growth during the same period. Increasing production of passenger cars, especially in developing economies including China and India, and the introduction of stringent regulations regarding emissions are creating a gargantuan demand for EGR systems in passenger cars’ gasoline engines.
Based on the pressure type, the market is segmented into high-pressure and low-pressure EGR systems. The high-pressure EGR system is expected to remain the largest segment of the market over the next five years. A high-pressure EGR system is used at lower engine speeds and loads, and it is more suitable for transient operation as it is not linked with long air paths.
Low-pressure EGR system is likely to witness higher growth during the same period, driven by its advantages, such as a reduction in fuel consumption owing to better combustion phasing, a reduction in pumping losses and heat losses through the cylinder walls, a reduction in knock mitigation, and perfect cylinder-to-cylinder distribution.
In terms of regions, Europe is projected to remain the largest automotive gasoline EGR systems market during the forecast period in terms of both value and volume. However, Asia-Pacific is likely to experience the highest growth, driven by China and India, the growth engines for the region’s market.
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The supply chain of this market comprises raw material suppliers, component manufacturers, EGR system manufacturers, automotive OEMs, distributors, and dealers. The key automotive gasoline EGR system manufacturers are:
The development of high-performance EGR systems for gasoline engines and the formation of strategic alliances with OEMs to integrate EGR into different vehicle models are the key strategies adopted by the key players to gain a competitive edge in the market.
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Stratview Research has come up with a comprehensive 200-page report on an extremely niche but highly promising Gasoline EGR (Exhaust Gas Recirculation) market in the automotive industry. The report first estimated the penetration of gasoline EGR systems in different vehicle types for the past five-year period and forecast its expected penetration for the period of 2019 to 2024 based on current market realities, changing competitive dynamics, and future market possibilities. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies in order to expedite their growth process.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies the market, covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The automotive gasoline EGR systems market is segmented in the following ways:
By Vehicle Type
By Pressure Type
By Region
Click here to learn the market segmentation details.
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Company Profiling
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