Automotive EGR Valves Market Introduction
Exhaust gas recirculation (EGR) is a technique that is used to reduce emission from internal combustion engines, primarily diesel engines and petrol or gasoline engines. The key purpose of this technique is the reduction in emission of harmful nitrogen oxide. EGR assists the engine and its components by recirculating some part of the exhaust gas to the cylinder of engine.
There is difference in the way the exhaust gas is recirculated in a petrol/ gasoline engine and in a diesel engine. In a petrol or gasoline engine, exhaust gas in the engine cylinder gets displaced. In case of a diesel engine, excess oxygen in the exhaust mixture is replaced with exhaust from previous cycle.
Regulation of the exhaust gas in the cylinder is carried out by the Exhaust Gas Recirculation Valve (EGR valve), which is integral part of EGR system. The market of the EGR valve is directly proportional to the demand for EGR technology, as the EGR valve is a vital component of the EGR system.
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Automotive EGR Valves Market – Competitive Landscape
Key players operating in the market are Inteva, Shanghai SIIC Transportation Electric, Schaeffler AG, Lames, SHB Group, Shengtai Automobile Parts, Antolin, Valeo, Aisin, and Hi-Lex.
In 2018, the Schaeffler AG established a new production facility in Xiangtan, China, as the demand for Schaeffler products is always high in the country. This plant manufactures automotive products and precise bearings.
In August 2017, Schaeffler AG announced the increase in production capacity of its plant in India in order to meet the global requirement. Consequently, the company is planning to merge its three local entities under the listed subsidiary Schaeffler India in order to build a larger combined entity and is anticipated to increase its investment from US$ 27 Mn to US$ 44 Mn for next fiscal year.
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Automotive EGR Valves Market Dynamics
Advantages of EGR technique likely to boost the EGR valve market
Most vehicle manufacturers are incorporating the EGR technology in their vehicles, as EGR helps reduce the emission of toxic gases. EGR provides vehicle manufacturers a cost-effective, compact, and reliable method to reduce vehicle emission and increase fuel-efficiency of the vehicle. It is rapidly gaining popularity as a standard solution to boost efficiency of gasoline and hybrid propulsion systems. Increase in demand for EGR technology, owing to its advantages, is likely to boost the EGR valve market during the forecast period.
Rising demand for fuel efficient vehicles
Integration of EGR valves in internal combustion engines (IC engines) leads to enhanced fuel-efficiency of vehicles, as they reuse the excess amount of exhaust gas to generate power. Continuous improvement in EGR technology has significantly enhanced the fuel economy of the vehicle. A vehicle with an EGR valve enhances the fuel economy by 1% to 6% and improves torque and rpm range. Rising commercialization at significant pace in developing countries such as China and India has driven the demand for commercial vehicles in these countries. Furthermore, commercial vehicles are utilized to generate revenue, and higher fuel economy of commercial vehicles boosts revenues of vehicle owners. Consequently owners prefer vehicles that offer higher fuel economy. Demand for enhanced fuel efficiency with better performance is likely to boost the market for EGR valves during the forecast period.
Stringent emission norms by governments and governing bodies
Stringent emission norms for automobiles is likely to boost the EGR valve market, owing to its capability to enhance efficiency of the internal combustion engine, in terms of power as well as fuel economy. EGR optimizes the intake and exhaust gases and circulates them in the cylinder till they burn completely, thereby reducing emissions. Automakers are replacing the conventional systems with EGR systems to comply with the stringent emission norms. This in turn, is subsequently driving the market for automotive EGR valve. Furthermore, EGR technology improves the lifespan and performance of the engine. In terms of distance travelled, optimum application of engine leads to higher life span of vehicle. These factors likely to boost the market during the forecast period.
Automotive EGR Valves Market Segmentation
Based on fuel type, the automotive EGR valves market can be divided into:
- Petrol/ Gasoline
Based on sales channel, the automotive EGR valves market can be classified into:
Based on vehicle type, the automotive EGR valves market can be segregated into:
- Passenger Vehicle
- Light Commercial vehicle
- Heavy Commercial Vehicle
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