The underlying principle of an automotive water valve is thermal management. Automotive water valves optimize the in-cabin temperature of a vehicle in conjunction with heat control.
They help in controlling and regulating coolant flow in an automotive, which, in turn, reduces the heat-up phase for fuel and thus, saves the emission of carbon dioxide. Automotive water valves remove excess heat from the engine, maintain the engine operating temperature and bring the operating temperature of the engine to the required temperature.
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FACTS AT A GLANCE
Companies: Johnson Electric Holdings Limited,MAHLE GmbH,Rotex Automation,VOSS Automotive GmbH,Jaksa Solenoid Valves,Bitron Industrie S.p.A,Hanon Systems,BorgWarner Inc.,Woco Industrietechnik GmbH,Vernet
Coverage: All major geographies and key segments
Segments: Automotive Water Valves Market Segmented By product type such as Electromagnetic Automotive Water Valves, Electric Motor-Driven Automotive Water Valves, Pressure Automotive Water Valves with vehicle such as Passenger Car, Commercial Vehicles, Electric Vehicles, Tractor, Forklift
Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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ABSTRACT-
On an average, the automotive industry has seen satisfactory growth and is anticipated to witness healthy growth during the forecast period. It is expected that emerging economies will surpass the growth of the industry standard over the projected period.
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This can be attributed to the stable economic conditions and inclination towards better standard of living, which in turn are predicted to reinforce the trade of automobiles and subsequently, augment the growth of the automotive water valves market.
The increasing number of automobiles has forced the implementation of several governmental norms, which are further augmenting the demand for automotive water valves. Furthermore, the adoption of automotive water valves allows the combustion system of an engine to run at low emission efficiently as they regulate the operating temperature and maintain the load conditions.
However, increasing competition and digitalization are not enough for success. Only those players that can develop innovative technologies are expected to create market value share in the automotive water valves market in the future.
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