CHICAGO, Aug. 25, 2022 /PRNewswire/ -- The global Automotive Valves Market size is projected to grow from USD 25.1 billion in 2022 to reach USD 28.2 billion by 2027, at a CAGR of 2.3%, according to a new report by MarketsandMarkets™. The key driving factors behind the growth of Automotive Valves Market are rise in sales of vehicles, demand for HVAC systems, growing emission regulations and increasing adoption of electric vehicles.
Browse in-depth TOC on "Automotive Valves Market"
320 – Tables
81 – Figures
324 – Pages
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=139192093
Solenoid valve – Expected to grow at the highest CAGR
Automotive solenoid market is expected to grow with highest CAGR during the forecast period owing to its fast and wide field of uses. It is used in door locks, steering locks, starter motors, fuel valve control, and anti-lock braking system (ABS). Automotive solenoid is considered suitable for electronic uses. The market is expected to witness a gradual shift from conventional mechanical actuators to electromagnetic actuators such as wastegate and VGT. Further, with electrification and use of higher end body control features in vehicles, solenoid valves is expected to find more uses in vehicle operation. These factors are expected to boost the demand for automotive valves in the market during the forecast period.
Hybrid Electric Vehicle (HEV) is expected to hold the largest share of market and promising segment for component manufacturers
In HEVs, automotive valves of both ICE vehicles and BEVs are used. These include HVAC valves, solenoid valves, brake combination valves, and tire valves. Modern HEVs are enabled with efficient improved technology such as regenerative brakes, electric motor drive, and automatic start/shutoff. Regenerative brakes convert the vehicle's kinetic energy into electric energy to recharge its electric battery. Like PHEVs, most of the systems in HEVs need automotive valves to support their smooth functioning. The market for HEVs is the fastest growing in North America. However, Asia Pacific registered itself as the biggest market for HEVs. The rise of HEVs in the region is due to stringent emission standards imposed by various governments in the region. Additionally, several incentives are provided to emphasize hybrid vehicles. The total sales of HEVs in Asia Pacific in 2020 was 13.8 million units, and in 2021, it was approximately 15.3 million units. With the growth of the HEV market, the Automotive Valves Market will grow during the forecast period.
Request FREE Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=139192093
Asia-Pacific: Largest market for automotive valves
The Asia Pacific region is expected to be the largest market for Automotive Valves Market during the forecast period. Asia Pacific is home to some of the fastest-developing economies of the world, such as China and India owing to presence of various OEMs such as Tata Motors, Toyota, and others. Additionally, they have adopted various initiatives to attract major OEMs for the manufacture of electric vehicle in domestic markets and are emphasizing on fast adoption of electric vehicles. China is anticipated to be the largest market for automotive valves in the Asia Pacific, whereas India is evaluated to be fastest-growing market during the forecast period. Rise in demand for passenger vehicles will be significant driver for growth of the market. The rise in demand of the light commercial vehicles and heavy trucks in India is also expected to be major factor in growth of Automotive Valves Market in the next few years. The Japanese market is evaluated to be the second largest in Asia Pacific (APAC) succeeded by India and South Korea.
The report profiles all major players in the Automotive Valves Market, including Continental AG (Germany), Robert Bosch (Germany) Denso Corporation (Japan), and BorgWarner (U.S) among others.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=139192093
Browse Adjacent Market: Automotive and Transportation Market Research Reports & Consulting
Browse Related Reports:
Automotive Solenoid Market by Application (Body Control & Interiors, Engine Control & Cooling System, Safety, HVAC), Vehicle Type (PC, LCV, Truck, Bus), EV Type (BEV, PHEV, FCEV), Valve Design, Function, Operation, and Region - Global Forecast to 2026
Automotive Actuators Market by Vehicle, Application, On-Highway Vehicle, Actuation, Motion, Product (Brake, Cooling Valve, Power Window, Throttle, EGR, Power Seat, Grille Shutter, HVAC, Headlamp, Piezoelectric), and Region - Global Forecast to 2027
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/automotive-valve-market.asp
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/automotive-valve.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
SOURCE MarketsandMarkets
![](https://rt.prnewswire.com/rt.gif?NewsItemId=IO54712&Transmission_Id=202208250630PR_NEWS_USPR_____IO54712&DateId=20220825)
Share this article