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.
The concentration degree of automotive water valves market is much lower, though the major manufacturers like Mahle, Hanon System and Borgwarner occupied about considerable market share, there are many other manufacturers due to the mature manufacturing technology.
Over the next five years, LPI(LP Information) projects that Automotive Water Valves will register a 2.1% CAGR in terms of revenue, reach US$ 1450 million by 2023, from US$ 1270 million in 2017.
This report studies the global market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa, focuses on the top 5 players in each region, with sales, price, revenue and market share from 2013 to 2018, the top players:
- Mahle
- Hanon System
- Borgwarner
- Woco Group
- Qufu TEMB
- Stant
- Kirpart
- Nippon Thermostat
- TAMA
- Vernet
- Gates
- Johnson Electric
- BG Automotive
- Ningbo Xingci Thermal
- Fishman TT
- Inzi
- Fuji Seiko
- Magal
- Bitron
Market Segment by Regions, this report splits Global into several key Regions, with sales, revenue, market share of top players in these regions, from 2013 to 2018 (forecast), like
- North America (United States, Canada and Mexico)
- Asia-Pacific (China, Japan, Southeast Asia, India and Korea)
- Europe (Germany, UK, France, Italy and Russia etc.)
- South America (Brazil, Chile, Peru and Argentina)
- Middle East and Africa (Egypt, South Africa, Saudi Arabia)
Split by Product Types, with sales, revenue, price, market share of each type, can be divided into
- Solenoid Water Valves
- Electric Water Valves
- Under Pressure Water Valves
Split by applications, this report focuses on sales, market share and growth rate in each application, can be divided into
- Passenger Car
- Commercial Vehicle