In developing nations, carbon dioxide emissions from burning fossil fuels have significantly increased, because industrialization is a crucial component of developing economies. Growth Drivers: The market has been growing over the past few years, due to factors such as increasing CO? emissions, increasing sales of vehicles, rising demand for fuel efficient mechanism, new emission standards applied on automotive sector, etc. Increasing car production in these regions would help the market to grow in the Asia Pacific region. where automobile industry contributes a large portion of the economy. The region comprises of countries like China, Japan, India, etc. The growing automotive market in the region boosting the EGR cooler market in the region. In 2021, Asia Pacific dominated the market by occupying almost half of the share of the market. So, increasing use of commercial vehicles has also supported the market growth.īy Region: In this report, the global EGR Cooler market is divided into five regions: Asia Pacific, Europe, North America, Latin America and Middle East & Africa. In addition, due to increasing commercial activities, use of commercial vehicles has increased in the delivery processes.
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Commercial vehicle segment recorded the highest share because the engines used in commercial or heavy duty vehicles are diesel engines. The commercial vehicle segment accounted for more than 60% share of the market. Due to stringent regulations regarding new emission standards, use of EGR cooler in the gasoline engines have also increased.īy Vehicle Type: The report includes bifurcation of the market into two segments on the basis of vehicle type: Commercial Vehicle and Passenger Vehicle. The gasoline segment has been also increasing rapidly. Therefore, the use of EGR coolers have increased in diesel engines. Diesel engines produces more pollutant than others. The diesel segment held the highest share as EGR coolers are mostly used in diesel based engines. In 2021, the diesel segment accounted for more than 70% of the market.
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New emission standards introduced by the governments and international organizations is a major driver of the market.īy Engine Type: The report identifies two segments on the basis of engine type: Diesel and Gasoline.
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The primary function of EGR coolers is to reduce nitrous oxide levels by cooling exhaust gases before they are recirculated into the engine.