EGR Cooler Market Size, Share & Growth 2027

[Research Report] In terms of revenue, the global EGR cooler market was valued at US$ 511.6 million in 2019 and is projected to reach US$ 511.6 million by 2027; it is expected to grow at a CAGR of 3.1% during the forecast period from 2020 to 2027.

The EGR cooler market is broadly segmented into five major regions—North America, Europe, APAC, MEA, and SAM. North America and the European Union have implemented stringent emission standards for vehicles with diesel engines. Regulatory programs developed in North America and Europe historically have served as the model for programs adopted in other regions. Countries such as Canada, South Korea, and Japan have kept pace with developments in the US and Europe. For countries where no standards enacted place, there is a substantial opportunity to mitigate emissions of dangerous air pollutants from vehicles. EGR system helps to reduce NOX gas formation by lowering peak combustion temperature and re-circulating unburnt exhaust gasses. Thus, other developing countries are focused on adopting advanced EGR cooler systems in vehicles. Further, other developing regions such as MEA and SAM are also projected to grow at a steady pace, owing to the increasing government initiatives to digitalize the economy with the adoption of advanced technologies.

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EGR Cooler Market: Strategic Insights

EGR Cooler Market

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  CAGR (2019 - 2027)

  3.1%
• Market Size 2019
  US$ 511.6 Million
• Market Size 2027
  US$ 511.6 Million

Market Dynamics

GROWTH DRIVERS

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FUTURE TRENDS

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OPPORTUNITIES

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Key Players

• Benteler Automotive
• BorgWarner Inc
• erae Automotive Systems Co Ltd
• Faurecia
• Hanon Systems
• KORENS Co LTD
• Maruyasu Industries Co Ltd
• Tokyo Radiator MFG Co Ltd
• Tokyo Roki Co Ltd

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Type

• Tube EGR Coolers and Finned EGR Coolers

Engine Type

• Diesel Engine and Gasoline Engine

Vehicle Type

• Passenger Vehicles and Commercial Vehicles

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Market Insights–EGR Cooler Market 

Increasing Emission Norms and CAFÉ Standards

EGR help increases fuel efficiency and reduces emissions along with engines’ power output, generally by circulating toxic gasses back to the combustion chamber for further combustion.

Multiple emission norms set up by governments and multiple organizations, such as Environment Protection Agency (EPA) in North America, EURO 6 in European Union, and Bharat Stage Emission Standards in India, have led toward acquiescence to these standards by vehicle manufacturers in their corresponding regions. All these standards focus on lowering the emission of nitrogen monoxide (NOx), carbon dioxide (CO2), particulate matter (PM), and no methane hydrocarbons (NMHC), among others. The standards, as mentioned above of emission has led to the invention of new technologies aiming to reduce the emission of these harmful gasses from vehicles’ combustion engines. EGR is one of the techniques being used to comply with these emission standards.

EGR help in circulating the harmful gasses emitted by an engine during combustion and distribute some portion of them back to the engine, which in turn burns less fuel and emits fewer toxic gases.

COVID 19 Impact on EGR Cooler Market

The emergence and rapid spread of coronavirus (COVID-19) has paralyzed numerous countries including developed as well as developing. The continuous surge in count of infected patients is threatening several industries across the globe. As of March 2020, China, Italy, the US, Iran, Spain, Republic of Korea, France, and Germany, are some of the worst affected countries in terms confirmed cases and reported deaths. According to the latest WHO figures, the confirmed COVID-19 positive patient count accounted for 976,249 and 50,489 total deaths globally. The coronavirus outbreak has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns.

Since majority of the countries are exercising lockdowns, the demand for EGR coolers is decreasing at a prominent rate. This is due to the fact that, the key EGR coolers purchasing countries have been restricting their investment on these components, and are utilizing a fair percentage of their budget to combat COVID-19. The temporary shutdown of manufacturing facilities is also showcasing negative trend in the EGR coolers market. The continuity of the COVID-19 spread, would be severely dangerous for EGR coolers market players.

Type Segment Insights

Based on type, the finned EGR coolers segment dominated lead the global EGR cooler market in 2019. Finned EGR coolers perform according to the customer requirements and are well suited, especially for light-duty engine applications, as well as provide outstanding performance under stabilized fouling.

Engine Type Segment Insights

Based on engine type, the diesel segment dominated the global EGR cooler market in 2019. Diesel engines are a type of internal combustion engine, whose internal temperatures inside the chamber are estimated to reach up to 2,500 degrees Fahrenheit at the time of combustion operation.  

Vehicle Type Segment Insights

Based on vehicle type, the commercial vehicles dominated the global EGR cooler market in 2019. To meet the present as well as future emission regulations, the automakers are focusing on the development of EGR cooler for commercial vehicles along with other technologies such as selective catalytic reduction (SCR). With high durability requirements as well as lower production volumes, the commercial vehicle industry demands an EGR solution, which offers outstanding performance along with, reduces complexity.

The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.

• In 2020, BorgWarner Inc. exhibits its exhaust gas recirculation (EGR) products at the Auto Expo 2020 Components Show. The company is providing its EGR coolers and EGR tubes for 1.3-liter diesel engines to Indian passenger car manufacturer since 2008.
• In 2019, Hanon Systems expanded its operation in Central Mexico in order to help its growing business with automakers in the region. The manufacturing facility works under the legal name Climate Systems Mexicana, S.A. de C.V. The business moves the operation to near 15,000 square meter site. It surges its ability to support automakers by including powertrain cooling and fluid transport products to its production.
• In 2019, BENTELER Automotive partners with car manufacturers on the implementation of its BENTELER Electric Drive System (BEDS), a solution for electric vehicles. The company presented its Electric Drive System 2.0 at Auto Shanghai. The BENTELER Electric Drive System 2.0 is a platform for company’s engineering and metal processing capability. It ranges from components and modules for engine and exhaust, chassis, body applications to modular system solutions for electro mobility.

EGR Cooler Market Report Scope

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The global EGR cooler market has been segmented as follows:

EGR Cooler Market – By Type

• Tube EGR Coolers
• Finned EGR Coolers

EGR Cooler Market – By

Engine Type

• Diesel Engine
• Gasoline Engine

EGR Cooler Market – By Vehicle Type

• Passenger Vehicles
• Commercial Vehicles

EGR Cooler Market- By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • France
  • Germany
  • Italy
  • UK
  • Russia
  • Rest of Europe
• Asia Pacific (APAC)
  • China
  • India
  • South Korea
  • Japan
  • Australia
  • Rest of APAC
• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA
• South America (SAM)
  • Brazil
  • Argentina
  • Rest of SAM

EGR Cooler Market – Companies Profiles

• Benteler Automotive
• BorgWarner Inc.
• Continental AG
• Denso Corporation
• erae Automotive Systems Co., Ltd.
• Faurecia
• Hanon Systems
• Korens Co. Ltd.
• MAHLE GmbH
• Maruyasu Industries Co., Ltd.
• Tokyo Radiator MFG. Co., Ltd
• Tokyo Roki Co. Ltd.
• Rheinmetall Automotive AG
• Senior Flexonics
• Valeo
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