EGR Valve Market Key Players, Trends, Growth Opportunities and
Industry Forecast till 2023
“Globally, the market is predicted to generate massive
revenue over next seven years, providing numerous
opportunities for market players to invest for research
and development in the exhaust gas recirculation (EGR)
valve market.”
The global EGR valve market is subject to witness a substantial growth due to the capability to improve engine
efficiency and fuel economy. Factors responsible for robust market growth include ability of EGR valve to reduce
high temperatures within the combustion chamber, substantial enhancement in the fuel economy and engine
efficiency. Globally, the market is predicted to generate massive revenue over next seven years, providing
numerous opportunities for market players to invest for research and development in the exhaust gas
recirculation (EGR) valve market.
Exhaust gas recirculation (EGR) valve are extensively used in the internal combustion engines. Exhaust gas
recirculation (EGR) valve helps to reduce the carbon emissions occurred in diesel and petrol or gasoline engines.
Exhaust gas recirculation (EGR) valve functions such as that it circulates the engine's exhaust back to the engine
cylinders. These factors are significantly contributing to market growth in the past few years. Exhaust gas
recirculation (EGRs) valves that are used in the diesel engines assists in changing the parts of the oxygen, which
is in excess amount in the mixture of pre-combustion.
Shifting trend towards automation & digitalization of various industrial processes is expected to boost market
growth over the forecast period. In addition, rapid expansion of existing facilities and petroleum refining plants
are estimated to drive the growth of valve market over the forecast period. Development of advanced flow
control tools is projected to have positive impact on market growth in the near future.
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