Global Automotive Thermal Management Valve Market Is Valued At 4718.11 Million US$ In 2017 – iCrowdNewswire
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Sep 9, 2019 4:00 PM ET

Global Automotive Thermal Management Valve Market Is Valued At 4718.11 Million US$ In 2017


Global Automotive Thermal Management Valve Market Is Valued At 4718.11 Million US$ In 2017

iCrowd Newswire - Sep 9, 2019

Market Research Report Store offers a latest published report on Automotive Thermal Management Valve Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 158 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.

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Increasing production volumes of both passenger as well as commercial vehicles is likely to propel the automotive throttle body assembly market during the forecast period. Stringent rules and regulations regarding reduction in fuel emissions, which are laid down by the governments of various nations across the world, are expected to fuel the automotive throttle body assembly market in the near future. Recent efforts being taken for the transition from throttle-by-cable system to throttle-by-wire system is anticipated to further boost the automotive throttle body assembly market in the next few years. This is primarily ascribed to the advantages offered by throttle-by-wire system over the throttle-by-cable system such as better traction and stability control, better response and smooth application of power with least amount of shock provided to the system. According to the report, one of the key drivers of the market is the regulation of NOx emission from diesel and gasoline engines. To comply with rigorous NOx emission regulations, a combination of NOx reduction catalysts and EGR systems is used. Vehicles in European countries undergo stringent checks for compliance with emission standards. Japan and the US have adopted similar regulations. Governments issue such emission regulations to reduce the effects of harmful gases on human health and the environment. The primary aim of these legislations is to reduce the release of NOx and PM from the vehicle’s fuel.

 

At present, the leading companies in the market are Aisan, Continental, Denso, Rheinmetall Automotive and Bosch, this top 5 player occupied about 47% market share in 2017. The market size of global automotive thermal management valve was about 4718.11 M$ in 2017.

 

The growth of the Global EGR valves market may be impacted by the increased adoption of SCR over EGR systems technology, which has led to a decrease in the usage of EGR systems. SCR is a technology adopted by many automobile manufacturers, which uses AdBlue to convert excessive NOx gases into water and nitrogen.

 

The global automotive thermal management valve market size is expected to reach 4748.36 M$ in the end of 2025, at a CAGR of 0.08% over the period 2017-2025.The major challenge in this market is the adoption of SCR over EGR in diesel engines. SCR is a technology that converts the excessive NOx gases produced in the engine to water and nitrogen. It enables the engine to operate under optimized combustion conditions such as high temperature, high peak pressure, and excess oxygen.

 

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Related Information:

North America Automotive Thermal Management Valve Market Growth 2019-2024

United States Automotive Thermal Management Valve Market Growth 2019-2024

Asia-Pacific Automotive Thermal Management Valve Market Growth 2019-2024

Europe Automotive Thermal Management Valve Market Growth 2019-2024

EMEA Automotive Thermal Management Valve Market Growth 2019-2024

Global Automotive Thermal Management Valve Market Growth 2019-2024

China Automotive Thermal Management Valve Market Growth 2019-2024

 

 

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