What is Global Variable Valve Actuation Market?
The Global Variable Valve Actuation Market is a dynamic and rapidly evolving sector that plays a crucial role in the automotive industry. This market revolves around the technology used in internal combustion engines, which allows for the control over the timing and duration of the opening and closing of engine valves. This technology is critical in enhancing engine performance, fuel efficiency, and reducing emissions. The global market for Variable Valve Actuation was valued at a significant US$ 10470 million in 2022. The market is projected to grow at a steady Compound Annual Growth Rate (CAGR) of 2.7% from 2023 to 2029, reaching an estimated value of US$ 12640 million. This growth is driven by the increasing demand for fuel-efficient vehicles and stringent emission norms imposed by governments worldwide.
4 Cylinder, 6 Cylinder, Other in the Global Variable Valve Actuation Market:
The Global Variable Valve Actuation Market is segmented based on the number of cylinders in an engine - 4 Cylinder, 6 Cylinder, and Others. The 4 Cylinder segment dominates the market with a whopping 90% share. This dominance can be attributed to the widespread use of 4 Cylinder engines in most passenger vehicles due to their balance of power and fuel efficiency. The 6 Cylinder segment, on the other hand, is prevalent in high-performance vehicles and luxury cars. The 'Others' segment includes engines with more than six cylinders, which are typically used in high-end luxury cars and sports cars. These engines offer superior performance and power but are less fuel-efficient compared to their 4 and 6 cylinder counterparts.
Gasoline Engine, Diesel Engine in the Global Variable Valve Actuation Market:
The Variable Valve Actuation technology finds its application predominantly in two types of engines - Gasoline and Diesel. In Gasoline engines, this technology helps in improving fuel efficiency and reducing harmful emissions, making them more environmentally friendly. On the other hand, in Diesel engines, Variable Valve Actuation aids in enhancing engine performance and power output. The use of this technology in both these engine types is driven by the increasing demand for vehicles with better fuel efficiency and lower emissions.
Global Variable Valve Actuation Market Outlook:
In conclusion, the Global Variable Valve Actuation Market is a significant sector in the automotive industry, with a promising growth outlook. The market is dominated by the 4 Cylinder segment and finds its primary application in Gasoline and Diesel engines. The growth of this market is fueled by the increasing demand for fuel-efficient vehicles and the imposition of stringent emission norms by governments worldwide.
| Report Metric | Details |
| Report Name | Variable Valve Actuation Market |
| Accounted market size in 2023 | US$ 10780 million |
| Forecasted market size in 2029 | US$ 12640 million |
| CAGR | 2.7 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Borgwarner, Schaeffler, Hilite, Aisin Seiki, Denso, Hitachi, Delphi, Eaton, Jiangsu Hailong, Fulin P.M. |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
