Exhaust Gas Recirculation Valves Market Size, Share, Competitive Landscape and Trend Analysis Report, by Product Type, by Vehicle Type, by Application : Global Opportunity Analysis and Industry Forecast, 2024-2033

Key Market Dynamics 

The exhaust gas recirculation valves market growth due to several factors such as growing vehicle emission regulations, growing automotive production, and increase in demand for high fuel efficiency. However, integration and compatibility issues and growing trend towards vehicle electrification restrain the growth of the market. In addition, the growing aftermarket demand and technological advancement will provide exhaust gas recirculation valves market opportunity during the forecast period. 

In recent years, growing production and sales of automobiles resulted in growing pollution level especially from the ICE vehicle segment. During the same period, there has been increase in demand for high powered engine vehicles, resulting in increase in demand for efficient exhaust gas recirculation (EGR) valves to improve vehicle efficiency and reduce engine power loss. To tackle the growing emission from vehicles, governments globally implemented strengthening measures.  For instance, in Europe, the European Emission Standards or Euro Norms govern and restrict the vehicle emissions over a certain limit. The law also encourages the use of automotive technologies that are cleaner and more efficient. Similarly, in April 2022, India passed a law that outlines a permissible amount of pollutants from a vehicle, especially from automobiles that run on petrol and diesel. In addition, other countries around the world, such as the U.S, China, Japan, South Korea, Canada and Others, have also implemented or updated their fuel efficiency standard and emission norms. Thus, the strengthening of emission laws is expected to provide lucrative market growth opportunities during the forecast period.  

However, EGR valves must be electronically controlled and tuned with the engine control unit to enable precise regulation of exhaust gas recirculation. Moreover, integration compatibility of EGR valve systems with exhaust after-treatment technologies such as diesel particulate filters (DPF) and selective catalytic reduction (SCR) systems are complex. Similarly, the design and integration of EGR valves present integration challenges, particularly in modern vehicles compact engine layouts, thus integration and compatibility issues are anticipated to hinder the exhaust gas recirculation valves market forecast.  

Market Segmentation 

The exhaust gas recirculation (EGR) valve market is segmented into product type, vehicle type, application, and region. On the basis of product type, the market is divided into pneumatic EGR valve, electric EGR valve, and hydraulic EGR valve. On the basis of vehicle type, the market is segregated into passenger vehicles and commercial vehicles. By application, the market is segmented into gasoline and diesel. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 

Regional/Country Market Outlook 

The growing concerns regarding alarming pollution levels and negative effects of climate change due to growing pollution from automobiles have resulted in increasing shift of consumers towards hybrid and electric vehicles. Moreover, the growth in electric and hybrid vehicle technology, especially from Chinese automakers such as BYD, Geely, Great Wall Motors, and SAIC Motor, has further helped in the growing adoption of EVs and hybrid vehicles. 

• According to data by the Society of Indian Automobile Manufacturers, passenger vehicle sales in the country accounted for 4.2 million units, witnessing a growth rate of 8.4% as compared to previous years in 2022. 

• In Malaysia, according to the Malaysian Automotive Association (MAA) , the sales of new cars increased by 30% and the sales of passenger vehicle grew by 33.2% in January 2023. 

• In 2022, According to data published by the International Energy Agency (IEA) , by 2030, almost 1 in 3 cars on the roads in China will be electric. Also, due to rise in fuel prices, the sales of hybrid and alternative fuel vehicles have also seen strong growth in China. According to data published by the International Energy Agency (IEA) , by 2030 almost 1 in 3 cars on the roads in China is set to be electric, at the same time due to increase in fuel prices the sales of hybrid and alternative fuel vehicle also witnessed strong growth  

Competitive Landscape 

The major players operating in the exhaust gas recirculation (EGR) valve market include  Mahle GmbH, Wells Vehicle Electronics, BorgWarner Inc., Delphi Technologies, Valeo SA, PIERBURG, S.A., Hitachi Astemo, Ltd., Rheinmetall AG, FISPA S.p.A., and Vernet SAS.  

Other players in the exhaust gas recirculation (EGR) valve market include Tenneco Inc., HELLA GmbH & Co. KGaA, Klubert + Schmidt GmbH, Vitesco Technologies GmbH, Wuxi Longsheng Technology Corp., Stanadyne LLC, and others. 

???????Industry Trends

• On May 6, 2024, in the U.S., the National Highway Traffic Safety Administration (NHTSA)  issued a warrant to Hyundai for recalling its vehicles due to loss of power drive. The company issued an official notice to recall 13, 511 of its 2024 models of Elantra, Kona and Venue. The company said an electrical short circuit might occur in the exhaust gas recirculation (EGR) valve assembly, which is expected to result in loss of power drive and can increase the risk of a crash.  

• On May 11, 2022, Stanadyne LLC developed a modular, scalable exhaust gas recirculation (EGR) valve. The new system is in the patent-pending process and offers a self-cleaning function that reduces carbon buildup in the valve, which can reduce performance and can even lead to valve failure. The new system is specifically developed for working in high temperatures and extreme environments and the new module can overcome typical failure modes due to fouling and excessive heat and vibration from the engine. 

Key Sources Referred 

1. INTERNATIONAL ENERGY OUTLOOK 

2. Environmental and Energy Study Institute (EESI)  

3. U.S. Department of Energy 

4. ITRI Ltd. 

5. International Energy Agency 

6. World Economic Forum 

7. Automotive Component Manufacturers Association of India (ACMA)  

8. Associations like the Automotive Aftermarket Suppliers Association (AASA)  

9. Original Equipment Suppliers Association (OESA)  

10. International Organization for Standardization (ISO)  

11. California Air Resources Board (CARB)  

12. EPA Environmental Protection Agency (EPA)  

13. SAE International (Society of Automotive Engineers)  

Key Benefits for Stakeholders 

• This report provides a quantitative analysis of the exhaust gas recirculation valves market trends segments, current trends, estimations, and dynamics of the exhaust gas recirculation valve market analysis from 2023 to 2033 to identify the prevailing exhaust gas recirculation (EGR) valve market opportunities. 

• The market research is offered along with information related to key drivers, restraints, and opportunities. 

• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network. 

• In-depth analysis of the exhaust gas recirculation (EGR) valve market segmentation assists to determine the prevailing market opportunities. 

• Major countries in each region are mapped according to their revenue contribution to the global exhaust gas recirculation valves industry statistics. 

• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players. 

• The report includes the analysis of the regional as well as exhaust gas recirculation valves market size, market trends, key players, market segments, application areas, and market growth strategies.