The Global Automotive Water Valves Market Growth 2019-2024 is a research report available at DecisionDatabases.com.
Automotive water valves are used to switch the different cooling water circuits on and off.
Optimization of the interior temperature of the vehicle in conjunction with best possible control of the heat input and cooling of the engine and its partial circulatory systems are achieved through successful thermal management. Water valves help to selectively control and regulate water circuit temperatures at central points. As a result, for example, the warm-up phase can be significantly reduced, thus saving fuel and reducing CO2 emissions.
Due to the stable development of global automotive market, the demand for automotive water valves product is relatively stable. Meanwhile, the demand from China market was much higher due to the rapid development of Chinese automotive market.
In 2016, the global production of automotive water valves reaches over 300 million units; the CAGR of global automotive water valves market is around 4.68% during the last sevral years.
According to this study, over the next five years the Automotive Water Valves market will register a 1.9% CAGR in terms of revenue, the global market size will reach US$ 1120 million by 2024, from US$ 1000 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Automotive Water Valves business, shared in Chapter 3.
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The key manufacturers covered in this report:
- Qufu TEMB
- Hanon Systems
- Nippon Thermostat
- Woco Group
- Fuji Seiko
- Ningbo Xingci Thermal
Segmentation by product type:
- Traditional Type
- Integrated Type
- Electric Type
Segmentation by application:
- Passenger Car
- Commercial Vehicle
This report also splits the market by region:
- United States
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- To study and analyze the global Automotive Water Valves consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
- To understand the structure of Automotive Water Valves market by identifying its various subsegments.
- Focuses on the key global Automotive Water Valves manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Automotive Water Valves with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Automotive Water Valves submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
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