Automotive Control Valve

Automotive Control Valve

A control valve is a device that controls and regulates the rate of fluid flow by varying the flow area as directed by the signal from the controller whose set points are typically flow rate, pressure, and temperature. Control valves in any type of equipment are installed in order to control parameters like density concentration of fluid, liquid level, fluid flow rate, increasing and decreasing fluid pressure, etc.

The Automotive Control Valve Assembly market is expected to grow at a steady CAGR of around 5% during the forecast period owing to the rising demand in the automobile sector. Moreover, the demand in emerging markets for automobiles is on the rise happening to owe to reasons like rapid urbanization, rising earnings, and availability of easy financing in developed economies trends like premiumization and a shift towards electrification are at play, and due to these trends, the demand for components is on the rise as well which has prompted the OEM manufacturers to increase their investments. For instance, on February 2023, Flowserve Corporation, a provider of flow control products and services announced that it will acquire Velan in an all-cash transaction valued at approximately USD 245 million.

• Based on type, the market is segmented into electrical control valve, hydraulic control valve, and pneumatic control valve. Out of all, electric actuator control valve are going to grow at a significant CAGR during the forecasted period, owing to the fact that they offer the highest precision among others. Additionally, they are highly modular and scalable for various purposes and force requirements. Moreover, electrical actuator valves are capable of working in extreme conditions, easy to manufacture and repair, and are much more durable due to the lack of oil and other fluids.
• Based on application, the market is segmented into engine control valve, AC compressor valve, oil control valve, throttle control valve, braking control valve, power steering control valve, fuel system control valve, and others. Out of all this, the engine control valve holds the significant market share owing to the fact that the control valve is one of the most fundamental parts of an engine where it allows the air-fuel mixture to enter the combustion chamber, intake valves are responsible for the better flow of air into the combustion chamber increasing the efficiency of fuel burning.
• Based on the vehicle type, the market is bifurcated into passenger vehicle and commercial vehicle. Both segments are growing at a significant CAGR, but passenger vehicles hold the larger market share amongst the two owing to the rising demand for small and mid-sized vehicles with increased mobility as more number younger population and women are joining the workforce, also after COVID-19 people are giving preferences to own personal mobility rather than using the public mode of transportations. Additionally, increasing the adoption of EVs among consumers is further contributing to the growth of this segment. For instance, as per EV volumes, Global EV sales continued to strengthen. A total of 10.5 million new BEVs and PHEVs were delivered during 2022, an increase of +55 % compared to 2021.
• For a better understanding of the market adoption of the Automotive Control Valve Assembly, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. The Automotive Control Valve Assembly market in the Asia Pacific region held the largest market share and is expected to maintain its growth throughout the forecast period. Owing to the rising per capita GDP of the countries in the Asia Pacific, improving the standard of living and increasing discretionary income of people is driving the consumption of the countries, and the automobile sector is the biggest beneficiary of this trend. Furthermore, governments increasing investments in the infrastructure of the countries in emerging economies are high to accelerate their economic growth, increasing the demand for commercial vehicles which consume the highest number of control valves as compared to passenger vehicles. Furthermore, with governments’ stringent laws for curtailing tailpipe emissions are forcing manufacturers to develop more efficient and sophisticated engine technologies which will require more technologically advanced and costly control valves, presenting an opportunity for increasing the product portfolio of control valves for the manufacturers. Furthermore, governments are also focusing on decreasing the prolonged use of vehicles which is a major trend in emerging economies which are also the major polluters will create a replacement demand for the passenger as well as commercial vehicles. For instance, on January 2021, the Indian government announced, the vehicle scrappage policy which took effect on April 2022, the main objective of floating this policy was to phase out the old passenger and commercial vehicles in order to reduce urban pollution, increase passenger and road safety, and to decrease the prolonged use of vehicles to stimulate vehicle sales.
• Some of the major players operating in the market include Robert Bosch GmbH; DENSO CORPORATION; BorgWarner Inc; MAHLE GmbH; Magna International Inc; Emerson Electric Co.; Flowserve Corporation.; Crane Company; Tenneco Inc; and Eaton.