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As the automotive industry moves toward greater electrification, there is a trend towards developing electrically actuated valve systems. For instance, in April 2024, Emerson launched the new ASCOTM Series 148/149 motorized actuator and safety valve tailored for safety shutoff and industrial fuel oil burner recirculation applications. This innovative solution offers industrial users a reliable and versatile tool to prevent overpressure, leaks, and system malfunctions, thus mitigating potent al health and safety incidents. Designed to suit a wide range of combustion system applications, it ensures enhanced protection and performance.
These systems, such as electric variable valve timing (VVT) and electric valve actuators, provide more precise control over valve operation than traditional mechanical or hydraulic systems. This enhances engine performance, improves fuel efficiency, and reduces emissions. Hybrid vehicles, which combine internal combustion engines with electric powertrains, also benefit from these advanced valve technologies, making them more efficient and responsive.
The hydraulic valves technology segment held a decent share in 2023 and is projected to exceed USD 12 billion by 2032, due to their high accuracy and efficiency.
The market size of automotive valves reached USD 22.7 billion in 2023 and is set to witness 3% CAGR between 2024 and 2032, attributed to stringent emission regulations worldwide.
Aisin Seiki, Borgwarner, Bosch, Continental, Denso, Hitachi, Magna International, and Mahle among others.
Asia Pacific market held over 35% share in 2023, driven by increasing urbanization and higher disposable income.