Automotive exhaust control valve market is rising rapidly due to rising penetration of EGR (exhaust gas recirculation) systems in all segments of vehicles.
Albany, NY -- (SBWIRE) -- 04/10/2019 -- Automotive exhaust control valves are used to control the amount of exhaust gas recirculated in the exhaust gas recirculation system in order to reduce the emission of NOX from gasoline and diesel vehicles. The automotive exhaust control valve is also known as EGR (exhaust gas recirculation) valve.
The automotive exhaust control valve market is primarily driven by increasingly stringent norms and the rising penetration of EGR systems in all segments of vehicles. Penetration of the EGR system in gasoline vehicles is rising in order to enhance fuel-efficiency. The amount of permissible NOx for vehicles is reducing along with every upgrade of emission norms. Complying with these norms can be achieved only through the application of a few technologies such as EGR (exhaust gas recirculation), SCR (selective catalytic reduction), and LNT (Lean NOx trap).
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Among these, EGR is a highly cost-effective method, which in turn is expected to be a key factor driving the automotive exhaust control valves market. Installation of the EGR system even in hybrid vehicles is an indicator of prominence of the system, as the automotive industry is moving toward hybridization of vehicles. Rising production of electric vehicles is anticipated to hamper the automotive exhaust control valves market due to the complete removal of internal combustion engines from electric vehicles. The automotive exhaust control valve market has witnessed significant expansion since 2013, as EURO VI emission norms were enacted in Europe in 2013. Continuous development of EGR systems is a major factor boosting the automotive exhaust control valve market, as it enhances the lifespan of the system and reduces the arising issues in the EGR systems. Upcoming emission norms in China and India are expected to propel the automotive exhaust control valves market, as the upgrades are anticipated to boost the penetration of the EGR system in order to comply with China VI and BS VI emission norms.
The market for automotive exhaust control valve can be segmented based on actuation type, sales channel, vehicle, and region. Based on actuation, the electric automotive exhaust control valve is significantly gaining popularity and hence, the segment is likely to gain higher share of the market during the forecast period. On the other hand, the remaining segments are technologies that are fast becoming obsolete and are integrated in very few models.
Based on sales channel, the OEM segment is likely to dominate the automotive exhaust control valve market. Removal of the EGR valve from the vehicle by consumers is anticipated to be a major factor that is likely to the hamper the aftermarket segment of the automotive exhaust control valve market. Some people remove the automotive exhaust control valve from their vehicles, even though it is an offence under vehicle regulations, as it boosts the performance of the vehicle, in terms of power.
Based on vehicle, the passenger vehicle segment is anticipated to hold a major share of the automotive exhaust control valve market owing to the high production of passenger vehicles. Furthermore, the penetration of EGR system is higher in passenger vehicles, which in turn is expected to boost the market for passenger vehicle segment.
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In terms of region, Asia Pacific is expected to hold a major share of the global automotive exhaust control valve market owing to the high production of vehicles in the region. The automotive exhaust control valve market is anticipated to expand at a rapid pace in Middle East & Africa, as countries of Middle East & Africa are lagging behind in terms of emission norms, which are likely to be upgraded during the forecast period. Consequently, penetration of the automotive exhaust control valve market is expected to rise at a significant pace in the near future.
Key players operating in the global exhaust control valve market are Delphi, Faurecia, Tenneco Inc BORG Automotive, BorgWarner Inc., MAHLE GmbH, and DENSO CORPORATION.