Press release
Exploring the Global Automotive Valves Market: A Comprehensive Overview
The automotive valves market size is expected to see strong growth in the next few years. It will grow to $38.97 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to transition to electric and hybrid vehicles, advancements in autonomous vehicles, focus on lightweighting and material innovations, integration of smart valve technologies, global sustainability initiatives. Major trends in the forecast period include focus on lightweighting and material innovations, integration of smart valve technologies, global sustainability initiatives, digitalization and industry 4.0 impact.
Market Overview -
Automotive valves refer to the mechanical components manufactured by automotive valve manufacturers that are used in internal combustion engines to allow or restrict the flow of gas or fluid back and forth between the cylinders or combustion compartments while the engine is running. An automobile valve works in a similar way that other valves do. The performance of several systems such as engine valves and ignition systems directly depend on the automotive valves.
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Growing Adoption Of Hybrid Electric Vehicles (HEVS)
The growing adoption of hybrid electric vehicles (HEVs) is expected to propel the growth of the automotive valves market going forward. A hybrid electric vehicle (HEV) is a vehicle that combines an internal combustion engine (ICE) propulsion system with an electric propulsion system. Automotive valves from both internal combustion engine (ICE) and battery electric vehicles (BEV) vehicles are used in HEVs. which include HVAC valves, solenoid valves, brake combination valves, and tire valves. The automotive valves support HEV with their smooth functioning. For instance, in 2021, according to Gadgets 360, an Indian-based media brand, the US sales of hybrid vehicle sales jumped 76 percent to 801,550 vehicles in 2021, whereas hybrid electric vehicles in the United States with 5.8 million units sold in December 2020. Therefore, the growing adoption of hybrid electric vehicles (HEVs) is driving the growth of the automotive valves market.
Competitive Landscape -
Major companies operating in the automotive valves market report are Catalent Inc., Eurocaps Ltd., Capsugel Healthcare Ltd., Aenova Group GmbH, Sirio Pharma Co. Ltd., Procaps Laboratories Inc., Captek Softgel International Inc., Fuji Capsule Co. Ltd., Hunan ER-KANG Pharmaceutical Co. Ltd., Patheon NV, Curtis Health Caps SA, Delpharm Holding SAS, Estrellas Life Sciences Pvt. Ltd., Elnova Pharma LLP, Soft Gel Technologies Inc., Weihai Baihe Biology Technological Co. Ltd., United Laboratories, Robinson Pharma Inc., Thermo Fisher Scientific Inc., Best Formulations Inc., DCC plc, Biophar Lifesciences Pvt. Ltd., Swisschem Healthcare, Krishlar Pharmaceuticals, Amzor Healthcare Pvt. Ltd., Medgel Pvt. Ltd., Amway Corp., Welex Laboratories Pvt. Ltd., NutraScience Labs Inc., Nutrifynn Caps Inc., NutraPak USA, Nutrafill LLC, Nutricap Labs LLC, Nutra Manufacturing Inc., Ion Labs Inc., Vitakem Nutraceutical Inc., Private Label Nutraceuticals LLC, NutraLab Canada Ltd., Makers Nutrition LLC
Emerson Introduces Cutting-Edge Valve Assemblies, Redefining Safety And Efficiency Standards
Product innovations are a key trend gaining popularity in the automotive valve market. Major players in the automotive valves sector are focused on product innovations to sustain their marketplace. For instance, in October 2021, Emerson, a US-based machinery manufacturer, launched the first comprehensive valve assemblies. These Innovative features can improve critical performance specifications in safety instrumented systems by up to 50%. This valve will fulfill safety integrity level (SIL) 3 as per the IEC 61508 standard of the International Electrotechnical Commission. Without this system, consumers will have to define every single valve component, buy each one separately, then put them all together to make a functional whole. This form of custom assembly will not offer all the advantages of the Digital Isolation assembly, even if the procedures are followed exactly.
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Key Segments -
The automotive valves market covered in this report is segmented -
1) By Product Type: Engine Valves, Air-Conditioner Valves, Brake Valves, Thermostat Valves, Fuel System Valves, Solenoid Valves, Exhaust Gas Recirculation Valves, Tire Valves, AT Control Valves
2) By Propulsion and Component: Internal Combustion Engine (ICE), Electric Vehicle
3) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Buses, Truck
4) By Application: Engine System, HVAC System, Brake System, Other Applications
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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