Global EGR Cooler Market to Reach $562.14 Million by 2023, Fueled by Rising CO2 Emissions and Stringent Emission Standards - ResearchAndMarkets.com
EGR coolers, used in fuel-based vehicles, effectively reduce the emission of harmful gases such as CO?, nitrogen oxide, and more.
- EGR coolers, used in fuel-based vehicles, effectively reduce the emission of harmful gases such as CO?, nitrogen oxide, and more.
- The automotive industry's need to meet emission standards set by governments and international organizations is driving the increasing adoption of EGR coolers, fueling market growth.
- The global EGR cooler market experienced limitations during the COVID-19 pandemic due to disruptions in supply chains and manufacturing facility closures in the first two quarters of 2020.
- The EGR cooler market exhibits concentration, with several key players dominating the global landscape.