Technavio Announces the Publication of its
Research Report Global Exhaust Gas Recirculation System Market in Commercial
Vehicles 2016-2020
Technavio recognizes the following companies as the key players in the global exhaust gas recirculation system market in commercial vehicles: Tenneco, Faurecia, BorgWarner, Cummins, and KSPG.
Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is proliferation of advanced Euro emission standards (Euro 5 and Euro 6) in emerging countries. Emerging nations are following and implementing emissions norms equivalent to Euro emission standards. Euro 6 emission standards were introduced in 2014 and imposed further regulations on NOx emission levels of about 67% compared with Euro 5 for both petrol and diesel engines. Apart from the members of the European Union, emerging nations like Brazil, China, India, and Russia (BRIC countries) have also adopted Euro emission standards. It is expected that the emission standards would be regulated with stricter norms by 2020. However, as far as following the Euro standards is concerned, the emerging nations are lagging behind in the sense that they are following the older versions of Euro standards till they match market requirements to follow the advanced versions of Euro norms.”
According to the report, one of the primary drivers in the market is penetration of diesel engines in medium and heavy-duty vehicles. Diesel engines currently hold the majority of heavy and medium-duty vehicles market. Since heavy-duty and medium-duty vehicles are mostly used for transporting heavy cargo, they require high amounts of torque. Diesel engines are capable of producing large amounts of torque at low RPMs. The current diesel penetration in medium and heavy-duty vehicles will drive the market as diesel engines are installed with EGR technology to maintain control over their nitrogen oxide emission levels. High temperatures within the combustion chamber cause nitrogen and oxygen to combine and form NOx. EGR controls NOx emissions by recirculating the exhaust gas back into the combustion process. This causes lower heat to be released, reducing the formation of NOx. Diesel engines use EGR at a high rate to significantly reduce NOx emission.
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Technavio recognizes the following companies as the key players in the global exhaust gas recirculation system market in commercial vehicles: Tenneco, Faurecia, BorgWarner, Cummins, and KSPG.
Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is proliferation of advanced Euro emission standards (Euro 5 and Euro 6) in emerging countries. Emerging nations are following and implementing emissions norms equivalent to Euro emission standards. Euro 6 emission standards were introduced in 2014 and imposed further regulations on NOx emission levels of about 67% compared with Euro 5 for both petrol and diesel engines. Apart from the members of the European Union, emerging nations like Brazil, China, India, and Russia (BRIC countries) have also adopted Euro emission standards. It is expected that the emission standards would be regulated with stricter norms by 2020. However, as far as following the Euro standards is concerned, the emerging nations are lagging behind in the sense that they are following the older versions of Euro standards till they match market requirements to follow the advanced versions of Euro norms.”
According to the report, one of the primary drivers in the market is penetration of diesel engines in medium and heavy-duty vehicles. Diesel engines currently hold the majority of heavy and medium-duty vehicles market. Since heavy-duty and medium-duty vehicles are mostly used for transporting heavy cargo, they require high amounts of torque. Diesel engines are capable of producing large amounts of torque at low RPMs. The current diesel penetration in medium and heavy-duty vehicles will drive the market as diesel engines are installed with EGR technology to maintain control over their nitrogen oxide emission levels. High temperatures within the combustion chamber cause nitrogen and oxygen to combine and form NOx. EGR controls NOx emissions by recirculating the exhaust gas back into the combustion process. This causes lower heat to be released, reducing the formation of NOx. Diesel engines use EGR at a high rate to significantly reduce NOx emission.
Know more about sample report: https://marketreportscenter.com/request-sample/456005
Further, the report states that one major
challenge in the market is promotion of alternative fuels and rising sales of
electric cars. With the growing environmental concerns to reduce vehicular
emissions, there has been an increasing tendency among governments and vehicle
manufacturers all over the world to promote alternative fuels and advanced
power systems for vehicles. China, where 5 out of 30 most polluted cities are
located, has improved its air quality by adopting various measures like the
promotion of R&D in electric vehicles (EVs), investments for EV
development, and increasing the number of charging stations. South Korea has
increased its investment in CNG and in the electric cars market. The nation is
reported to have made significant investments in CNG buses for public
transportation. Public transportation buses are responsible for producing a
significant amount of harmful pollutant. To put a clamp on this issue, South
Korea has initiated investment and development program for fuel cell electric
vehicles and natural gas vehicles.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Get discount: https://marketreportscenter.com/request-discount/456005
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Get discount: https://marketreportscenter.com/request-discount/456005
About Exhaust Gas Recirculation System
EGR is used for controlling the emission levels of NOx from vehicle engines. The system recirculates a portion of the vehicle’s exhaust gas back into the combustion chamber. This causes lower heat to be released reducing the formation of NOx. The high temperature within the combustion chamber causes nitrogen and oxygen to combine and form NOx. EGR lowers the concentration of oxygen by making available exhaust air containing carbon dioxide and water into the combustion chamber and limits the amount of NOx produced.
Technavio’s analysts forecast the global exhaust gas recirculation system market in commercial vehicles to grow at a CAGR of 8.12 % during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global exhaust gas recirculation system market in commercial vehicles for 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the major vendors operating in the market. It includes vendors across all geographical regions specific to the EGR market.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Exhaust Gas Recirculation System Market in Commercial Vehicles 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Tenneco
• Faurecia
• BorgWarner
• Cummins
• KSPG
Market driver
• Penetration of diesel engines in medium and heavy-duty vehicles.
• For a full, detailed list, view our report
Market challenge
• Alternatives for EGR system in countries with less stringent emission norms.
• For a full, detailed list, view our report
Market trend
• Mechanism to automatically vary EGR rates in upcoming diesel engines.
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
EGR is used for controlling the emission levels of NOx from vehicle engines. The system recirculates a portion of the vehicle’s exhaust gas back into the combustion chamber. This causes lower heat to be released reducing the formation of NOx. The high temperature within the combustion chamber causes nitrogen and oxygen to combine and form NOx. EGR lowers the concentration of oxygen by making available exhaust air containing carbon dioxide and water into the combustion chamber and limits the amount of NOx produced.
Technavio’s analysts forecast the global exhaust gas recirculation system market in commercial vehicles to grow at a CAGR of 8.12 % during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global exhaust gas recirculation system market in commercial vehicles for 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the major vendors operating in the market. It includes vendors across all geographical regions specific to the EGR market.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Exhaust Gas Recirculation System Market in Commercial Vehicles 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Tenneco
• Faurecia
• BorgWarner
• Cummins
• KSPG
Market driver
• Penetration of diesel engines in medium and heavy-duty vehicles.
• For a full, detailed list, view our report
Market challenge
• Alternatives for EGR system in countries with less stringent emission norms.
• For a full, detailed list, view our report
Market trend
• Mechanism to automatically vary EGR rates in upcoming diesel engines.
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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