EXHAUST GAS RECIRCULATION (EGR) VALVE MARKET ANALYSIS

Exhaust Gas Recirculation (EGR) Valve MarketSize and Trends

Rising need for fuel efficient and eco-friendly vehicles is driving growth of the market

Increasing scarcity of fossil fuels and rising awareness regarding the harmful emission of gases is expected to be major factor for growth of the market This has resulted in development of alternatives to conventional fuels such as diesel, petrol, and gasoline. However, research for this is time consuming and it would take time for implementation and adoption. Also, demand for reducing fuel consumption of automobiles through use of various means such as better design of engines is increasing. The mechanism of exhaust gas recirculation valve allows gas to be reutilized to some extent, which has been omitted after combustion of fuel in the engine thereby, increasing fuel efficiency of the vehicle. The mechanism of EGR allows emissions to be curtailed to significant degree by recycling the gas into potential fuel for running the engine.

Other features that are boosting growth of the EGR valve market are its ability to reduce temperature levels in the combustion chamber and ensure steps aimed at improving engine efficiency and fuel economy.  Using cooled EGR valves allows pumping of gas and helps engine run more efficiently, improves combustion timing for a slow burn without knocking and helps in preventing usage of fuel/air mixtures, which conserves fuel. EGR valve helps to reduce carbon monoxide (CO) and nitrogen oxide (NOx) emissions as well as particulate matter (PM) and this in turn helps in reducing emission of hazardous elements in the ecosystem. EGR valve delivers high accuracy by measuring the valve lift directly. It has a simple design that prevents sticking and uses fewer parts in the gear train, which results in compact, cost-effective solution with 25% faster speed. Moreover, increasing stringency on emission such as emission standards for greenhouse gas (GHG), Clean Air Act (CAA) by Environment Protection Act (EPA) is expected to drive growth of EGR valves market.