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Exhaust Gas Recirculation (EGR) Valve Market Size By Application, Industry Analysis Reports, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Shares & Forecast 2023 - 2030

ID : MRU_26506 | Date : Jan, 2023 | Pages : 192 | Region : Global

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In internal combustion engines, exhaust gas recirculation (EGR) is a emissions reduction technique used in petrol/gasoline and diesel engines to reduce nitrogen oxide. EGR works by recirculating a part of an engine's exhaust gas back to the engine cylinders. In the case of gasoline engines, this inert exhaust displaces an amount of combustible gas from the cylinder. In diesel engines, the exhaust gas replaces parts of the excess oxygen in the pre-combustion mixture. The fuel mixture combusts, causing clatter of valves and damages the engine. Allowing small amounts of gas into the chamber reduces the temperature. Regulating the exhaust is done by the EGR Valve. EGR technology offers automobile producers a reliable, compact and cost-effective method to improve fuel efficiency and reduce emissions, and is fast catching up the standard solution for gasoline hybrid propulsion systems. It increases the output of the fuel. The EGR Valve Minimizes throttling losses reduce chemical disassociation, reduces heat reduction.
According to the report, one of the key drivers of the market is the regulation of NOx emission from diesel and gasoline engines. To comply with rigorous NOx emission regulations, a combination of NOx reduction catalysts and EGR systems is used. Vehicles in European countries undergo stringent checks for compliance with emission standards. Japan and the US have adopted similar regulations. Governments issue such emission regulations to reduce the effects of harmful gases on human health and the environment. The primary aim of these legislations is to reduce the release of NOx and PM from the vehicle's fuel.
The growth of the Global EGR valves market may be impacted by the increased adoption of SCR over EGR systems technology, which has led to a decrease in the usage of EGR systems. SCR is a technology adopted by many automobile manufacturers, which uses AdBlue to convert excessive NOx gases into water and nitrogen.

The Global Exhaust Gas Recirculation (EGR) Valve Market was valued at xxx million USD with a CAGR xx% from 2018-2022. Subsequently, it will touch xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.

In the global Exhaust Gas Recirculation (EGR) Valve Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.

In Market segmentation by manufacturers, the report covers the following companies-

BorgWarner
Denso
Rheinmetall Automotive
Continental
Mahle
Delphi
Korens
Keihin
Longsheng Technology
Eberspacher
Faurecia
Yibin Tianruida
MEET Automotive
Klubert + Schmidt
Zhejiang Jiulong
Gits Manufacturing
Yinlun Machinery

In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types :

Gasoline EGR Valve
Diesel EGR Valve
In Market segmentation by applications :

Passenger Vehicles
Commercial Vehicles
Non-road Usage

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Exhaust Gas Recirculation (EGR) Valve Market for the forecast period 2023 - 2030?
• What are the driving forces in the Exhaust Gas Recirculation (EGR) Valve Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Exhaust Gas Recirculation (EGR) Valve industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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