Market Overview:
The global exhaust gas recirculation cooler market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for automobiles and aircrafts across the globe. Additionally, stringent emission norms by regulatory authorities are also propelling the demand for exhaust gas recirculation coolers globally. The global exhaust gas recirculation cooler market is segmented on the basis of type, application and region. On the basis of type, the market is segmented into plate wing and shell and tube. Plate wing accounted for a major share of the global exhaust gas recirculation cooler market in 2017 owing to its high efficiency and low cost as compared to shell and tube coolers.
Product Definition:
An exhaust gas recirculation cooler is a device used to cool the exhaust gases in an internal combustion engine. The cooled gases are then recirculated into the engine, which increases fuel efficiency and reduces emissions.
Plate Wing:
Plate wing is a device that is used to increase the size of the exhaust gas recirculation cooler. It increases surface area and helps in removing heat more efficiently from the engine. The basic function of a PWR or plate wing is to force air out of the way so that hot gases can’t re-enter into the intake manifold, thus lowering temperatures in critical areas which could damage sensitive internal components.
Shell And Tube:
The shell and tube is a heat exchanger that is used to cool the exhaust gas in an internal combustion engine. It has two tubes joined by a shell. The inner surface of the shell is coated with aluminum or copper for better heat transfer efficiency.
The Exhaust Gas Recirculation (EGR) cooler works on the principle of thermal expansion where gases expand when heated which results in increased distance between hot.
Application Insights:
The automotive application segment led the global EGR cooler market and accounted for more than 60.0% share of the total revenue in 2017. The demand is expected to increase owing to rising sales of passenger cars and commercial vehicles, especially in developing countries such as India, China and Brazil. In addition, stringent government regulations on lowering carbon emissions are expected to drive the product demand further over the forecast period.
Aerospace is projected to be one of the fastest-growing application segments over the forecast period due largely to increasing use of gas turbine engines for aircraft propulsion owing to their ability provide high thrust with low fuel consumption per unit weight compared with other engine types such as piston or Wankel engines.
Regional Analysis:
Europe dominated the global market in terms of revenue with a share of over 35.0% in 2017. This is attributed to stringent emission norms, high automotive production, and adoption ofEGR systems on new as well as existing aircraft. The region will retain its dominant position throughout the forecast period owing to factors such as early adoption by major automobile manufacturers and aerospace industry for reducing carbon emissions from vehicles and aircraft respectively.
The Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to increasing demand from end-use industries for industrial applications along with automobiles including commercial buses, trucks, tractors among others that require improved fuel efficiency resulting in lower greenhouse gas (GHG) emissions levels while operating under normal conditions or during emergencies. In addition, rising disposable income levels coupled with growing consumer awareness regarding GHG emissions caused by vehicle exhausts are expected drive product demand across this region during the same period.
Growth Factors:
- Increasing demand for fuel-efficient vehicles: The global exhaust gas recirculation cooler market is expected to grow at a CAGR of 5.5% from 2017 to 2025, owing to the increasing demand for fuel-efficient vehicles.
- Stringent emission norms: Stringent emission norms across the globe are compelling OEMs to adopt exhaust gas recirculation coolers in their vehicles, thereby driving the growth of the market.
- Rising popularity of hybrid and electric vehicles: The popularity of hybrid and electric vehicles is growing rapidly due to their superior fuel efficiency as compared with traditional gasoline or diesel-powered cars. This is expected to boost the demand for exhaust gas recirculation coolers in the coming years.
- Growing automotive industry: The global automotive industry is witnessing robust growth, owing to rising income levels and rapid urbanization in emerging economies such as China and India . This is likely to create lucrative opportunities for players operating in the exhaust gas recirculation cooler market over the next few years .
Scope Of The Report
Report Attributes
Report Details
Report Title
Exhaust Gas Recirculation Cooler Market Research Report
By Type
Plate Wing, Shell And Tube
By Application
Car, Aerospace
By Companies
Kelvion Holding, Modine Manufacturing Company, Tokyo Roki Co Ltd, BorgWarner, Bühler Group, Valeo, Tantivy Automotive Co Ltd, Emitec GmbH, bdp Mechanical Components, Rheinmetall Automotive AG
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Exhaust Gas Recirculation Cooler Market Report Segments:
The global Exhaust Gas Recirculation Cooler market is segmented on the basis of:
Types
Plate Wing, Shell And Tube
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Car, Aerospace
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kelvion Holding
- Modine Manufacturing Company
- Tokyo Roki Co Ltd
- BorgWarner
- Bühler Group
- Valeo
- Tantivy Automotive Co Ltd
- Emitec GmbH
- bdp Mechanical Components
- Rheinmetall Automotive AG
Highlights of The Exhaust Gas Recirculation Cooler Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Plate Wing
- Shell And Tube
- By Application:
- Car
- Aerospace
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Exhaust Gas Recirculation Cooler Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Exhaust gas recirculation cooler is a device used to cool the exhaust gases from an engine. The exhaust gases are cooled before they enter the atmosphere. This helps reduce emissions from the engine and makes it more efficient.
Some of the major players in the exhaust gas recirculation cooler market are Kelvion Holding, Modine Manufacturing Company, Tokyo Roki Co Ltd, BorgWarner, B¼hler Group, Valeo, Tantivy Automotive Co Ltd, Emitec GmbH, bdp Mechanical Components, Rheinmetall Automotive AG.
The exhaust gas recirculation cooler market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Exhaust Gas Recirculation Cooler Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Exhaust Gas Recirculation Cooler Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Exhaust Gas Recirculation Cooler Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Exhaust Gas Recirculation Cooler Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Exhaust Gas Recirculation Cooler Market Size & Forecast, 2018-2028
4.5.1 Exhaust Gas Recirculation Cooler Market Size and Y-o-Y Growth
4.5.2 Exhaust Gas Recirculation Cooler Market Absolute $ Opportunity
Chapter 5 Global Exhaust Gas Recirculation Cooler Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Exhaust Gas Recirculation Cooler Market Size Forecast by Type
5.2.1 Plate Wing
5.2.2 Shell And Tube
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Exhaust Gas Recirculation Cooler Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Exhaust Gas Recirculation Cooler Market Size Forecast by Applications
6.2.1 Car
6.2.2 Aerospace
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Exhaust Gas Recirculation Cooler Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Exhaust Gas Recirculation Cooler Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Exhaust Gas Recirculation Cooler Analysis and Forecast
9.1 Introduction
9.2 North America Exhaust Gas Recirculation Cooler Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Exhaust Gas Recirculation Cooler Market Size Forecast by Type
9.6.1 Plate Wing
9.6.2 Shell And Tube
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Exhaust Gas Recirculation Cooler Market Size Forecast by Applications
9.10.1 Car
9.10.2 Aerospace
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Exhaust Gas Recirculation Cooler Analysis and Forecast
10.1 Introduction
10.2 Europe Exhaust Gas Recirculation Cooler Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Exhaust Gas Recirculation Cooler Market Size Forecast by Type
10.6.1 Plate Wing
10.6.2 Shell And Tube
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Exhaust Gas Recirculation Cooler Market Size Forecast by Applications
10.10.1 Car
10.10.2 Aerospace
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Exhaust Gas Recirculation Cooler Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Exhaust Gas Recirculation Cooler Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Exhaust Gas Recirculation Cooler Market Size Forecast by Type
11.6.1 Plate Wing
11.6.2 Shell And Tube
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Exhaust Gas Recirculation Cooler Market Size Forecast by Applications
11.10.1 Car
11.10.2 Aerospace
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Exhaust Gas Recirculation Cooler Analysis and Forecast
12.1 Introduction
12.2 Latin America Exhaust Gas Recirculation Cooler Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Exhaust Gas Recirculation Cooler Market Size Forecast by Type
12.6.1 Plate Wing
12.6.2 Shell And Tube
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Exhaust Gas Recirculation Cooler Market Size Forecast by Applications
12.10.1 Car
12.10.2 Aerospace
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Exhaust Gas Recirculation Cooler Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Exhaust Gas Recirculation Cooler Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Exhaust Gas Recirculation Cooler Market Size Forecast by Type
13.6.1 Plate Wing
13.6.2 Shell And Tube
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Exhaust Gas Recirculation Cooler Market Size Forecast by Applications
13.10.1 Car
13.10.2 Aerospace
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Exhaust Gas Recirculation Cooler Market: Competitive Dashboard
14.2 Global Exhaust Gas Recirculation Cooler Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kelvion Holding
14.3.2 Modine Manufacturing Company
14.3.3 Tokyo Roki Co Ltd
14.3.4 BorgWarner
14.3.5 Bühler Group
14.3.6 Valeo
14.3.7 Tantivy Automotive Co Ltd
14.3.8 Emitec GmbH
14.3.9 bdp Mechanical Components
14.3.10 Rheinmetall Automotive AG
