The automotive VVT & start-stop system market is projected to grow at a CAGR of 5.7%, reaching USD 58.8 billion by 2027 from USD 42.3 billion from 2021.
Some of the major factors responsible for the growth of the VVT & start-stop system market are government regulations for reducing emissions levels and increasing hybridization of vehicles.
Gasoline VVT system is expected to be the fastest growing market
The gasoline VVT segment is expected to be the fastest growing market during the forecast period. In a gasoline engine, the fuel is mixed with air prior to its entrance into the engine cylinder. The fuel–air mixture is controlled by a valve in the gasoline VVT system. The duration and timing of the fuel–air mixture entrance are controlled by the inlet valve. Motor enthusiasts generally prefer gasoline engine vehicles over diesel engine vehicles due to the added performance advantages. Diesel engines are better in terms of economies of scale but lag in performance because of their low power and torque output. Also, particulate emissions in gasoline vehicles are less. Hence, the demand for gasoline vehicles increases worldwide as they comply with emission norms.
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Cam-phasing plus changing is expected to be the fastest growing technology in global VVT system market
The adoption of Cam-phasing plus changing system is estimated to exhibit higher growth rate in Asia Pacific and North America during the forecast period, owing to the increase in performance-focused fuel efficient vehicles and stringent emissions regulations. The market for VVT systems is estimated to further increase with the rising production levels of automobiles incorporated with these advanced technologies. Europe is projected to witness moderate growth for VVT systems due to the saturation of VVT technology in countries such as Germany, France, and Spain. The high rate of technological adoption in regions like China, India, and South Korea is also a driving factor for the growth of these systems in the Asia Pacific region.
Integrated Starter Generator (ISG) is expected to be the fastest growing technology in global Start-stop system market
The ISG system combines the conventional automotive starter and alternator into a single unit, which is attached directly to the crankshaft of the engine. The starter used is a low-speed DC motor, and the alternator used is a variable speed three-phase AC motor. One of the advantages of ISG is that it replaces both the conventional starter and alternator with a single electric device. ISG technology supports the start-stop and the recuperative braking capability in high voltage. This makes ISG more efficient than a conventional generator, resulting in up to 20% reduced overall fuel consumption. Hence, its growth is projected to be the fastest in the global market, compared to other Start-stop technologies.
Asia Pacific is expected to be the largest market during the forecast period
Asia Pacific is the largest market for VVT & start-stop system systems because of the increasing automotive production in Japan, China, and India. The region has the largest share of VVT systems globally due to the increased manufacturing of vehicles equipped with VVT systems. India is growing at a very high pace due to increased preference for diesel-powered vehicles, which has resulted in the demand for VVT system for diesel engines in the country. In addition, improving socio-economic conditions in Asian countries such as India, Thailand, and Indonesia have resulted in the growth of premium segment passenger cars. This has accelerated the market for VVT & start-stop system in these countries. Many automotive manufacturers are focusing on the Asia Pacific region owing to various benefits such as easy availability of economic labor, access to advanced machines, lenient regulations for environment & safety, increased FDI for the automotive industry in countries like India, South Korea, and China, and the growing demand for vehicles.
Key Market Players
The global VVT & start-stop system market is dominated by key manufacturers such as Continental AG (Germany), DENSO Corporation (Japan), BorgWarner, Inc. (US), Robert Bosch GmbH (Germany), Aisin Seiki Co., Ltd. (Japan), and Hitachi, Ltd. (Japan). These companies develop new products, adopt expansion strategies, and undertake collaborations, partnerships, and mergers & acquisitions to gain traction in the automotive solenoid market.
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