Published on : Nov 30, 2016
ALBANY, NY, Nov 30, 2016: The report studies the global exhaust gas recirculation systems market in commercial vehicles and presents a reliable elaboration on the market’s expected growth trajectory in the 2016-2020 forecast period. The various influential factors having a notable impact on the growth of the exhaust gas recirculation systems market are assessed in the report to provide readers with a clear view of the contingencies likely to affect their growth strategies. The segmentation of the global exhaust gas recirculation systems market in commercial vehicles is also studied in detail in the report. The report is titled ‘Global Exhaust Gas Recirculation System Market in Commercial Vehicles 2016-2020’ and is available for sale on the official website of ResearchMoz.us.
According to the report, the global exhaust gas recirculation systems market in commercial vehicles is expected to exhibit a solid 8.12% CAGR between 2016 and 2020.
Exhaust gas recirculation systems divert some of the exhaust gas from a vehicle into the combustion chamber in order to minimize the emission of nitrogen compounds from the engine. While nitrogen bonds with the oxygen in incoming air in the combustion chamber to form various toxic compounds, exhaust gas recirculation systems reduce the amount of oxygen in the combustion chamber, and add combustion-resistant substances such as water and carbon dioxide. This reduces the amount of nitrogen compounds emitted from the vehicle.
The key driver for the global exhaust gas recirculation systems market is the widespread adoption of diesel engines in commercial vehicles. Even though diesel engines are more economical to run than petrol engines, they also produce significantly more nitrogen compounds and thus present a more serious health threat than petrol engines. This has led to a rising demand for the incorporation of exhaust gas recirculation systems in commercial vehicles. The steady government support in developed countries to environmental legislation is likely to remain a key driver for the exhaust gas recirculation systems market in the coming years.
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On the other hand, the performance of the exhaust gas recirculation systems market remains poor in countries in which emission norms are implemented more leniently. Many developing regions, which are witnessing rapid urbanization and industrialization, leading to a steady demand for commercial vehicles, are thus not among the leading markets for exhaust gas recirculation systems in commercial vehicles at present.
While developing countries are likely to exhibit increasing support for the implementation of exhaust gas recirculation systems in commercial vehicles in the coming years, the market for the same in developed countries is expected to witness several technological innovations. One of the key market trends likely to remain dominant in the coming years is the increasing demand for mechanisms that can automatically alter the recirculation rate in accordance with the engine’s operating conditions.
Nevertheless, developed regions such as Western Europe have also become key markets for electric vehicles in recent years. While commercial vehicles are not likely to go completely electric in the coming years, the increasing restrictions on the use of fossil fuels are likely to constrain the demand for exhaust gas recirculation systems in the coming years.
The report examines some of the leading players in the global exhaust gas recirculation systems market in commercial vehicles in order to shed light on the competitive dynamics of the market. Key companies assessed in the report include Tenneco, Cummins, BorgWarner, Faurecia, and KSPG.
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