What is Global Automotive Heater Solenoid Valve Market?
The Global Automotive Heater Solenoid Valve Market is a vast and dynamic sector that plays a crucial role in the automotive industry. This market revolves around the production, distribution, and use of heater solenoid valves in vehicles. These valves are integral components of a vehicle's heating system, controlling the flow of coolant through the heater core. The global market for these valves is influenced by various factors such as technological advancements, increasing vehicle production, and stringent emission norms. The market's value was estimated at US$ 975.9 million in 2023, and it is projected to reach US$ 1487.9 million by 2030, growing at a compound annual growth rate (CAGR) of 6.3% during the forecast period from 2024 to 2030.
Direct Acting Type, Internally Piloted Type in the Global Automotive Heater Solenoid Valve Market:
The Global Automotive Heater Solenoid Valve Market is segmented into two types based on their operation: Direct Acting Type and Internally Piloted Type. The Direct Acting Type solenoid valve operates by a plunger directly opening or closing the valve orifice, allowing the coolant to flow or stop. On the other hand, the Internally Piloted Type solenoid valve operates by using the pressure of the fluid to open or close the valve. Both types have their unique advantages and applications, and their demand varies based on the specific requirements of the vehicle manufacturers and the preferences of the end-users.
Passenger Cars, Commercial Vehicles in the Global Automotive Heater Solenoid Valve Market:
The Global Automotive Heater Solenoid Valve Market finds its application predominantly in two areas: Passenger Cars and Commercial Vehicles. In Passenger Cars, these valves are used to control the heating system, ensuring a comfortable environment for the passengers. They are also crucial for defrosting and demisting the windows, enhancing visibility and safety. In Commercial Vehicles, these valves play a vital role in maintaining the temperature of the cargo, especially in refrigerated trucks and vans. They also contribute to the comfort of the driver and co-passengers, which is crucial for long-haul journeys.
Global Automotive Heater Solenoid Valve Market Outlook:
Looking at the market outlook for the Global Automotive Heater Solenoid Valve Market, it's clear that the sector is on an upward trajectory. In 2023, the market was valued at a substantial US$ 975.9 million. Fast forward to 2030, and it's projected to reach an impressive US$ 1487.9 million. This represents a compound annual growth rate (CAGR) of 6.3% during the forecast period from 2024 to 2030. This growth can be attributed to various factors, including technological advancements, increasing vehicle production, and stringent emission norms.
| Report Metric | Details |
| Report Name | Automotive Heater Solenoid Valve Market |
| Accounted market size in 2023 | US$ 975.9 million |
| Forecasted market size in 2030 | US$ 1487.9 million |
| CAGR | 6.3% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Otto Egelhof (Germany), Shanghai Heng'an Auto Air Conditioner (China), Shanghai Sogreat Electronic Tech (China), Sunly Autoparts And Coolerparts (China), Zhejiang Xinjin Air Conditioning Equipment (China) |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
