The Automotive Electric Coolant Valve Market Reach USD 10.06 Billion by 2032 Growing at 8.53% CAGR

According to the report published by Allied Market Research, The Automotive Electric Coolant Valve Market Reach USD 10.06 Billion by 2032 Growing at 8.53% CAGR. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers valuable able guidance to leading players, investors, shareholders, and startups in devising strategies for sustainable growth and gaining a competitive edge in the market.

The global automotive electric cooling valves market growth due to rise in emission norms and fuel efficiency standards, increase in demand for hybrid and electric vehicles, and increase in demand for hybrid and electric vehicles. However, rise in the cost of raw materials and decrease in ICE Vehicle sales are hampering the market growth. Furthermore, advancements in smart cooling technology and growth in aftermarket demand are anticipated to create lucrative growth opportunities for companies operating in the global market.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (𝐆𝐞𝐭 𝐅𝐮𝐥𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐢𝐧 𝐏𝐃𝐅 - 389 𝐏𝐚𝐠𝐞𝐬) 𝐚𝐭: https://www.alliedmarketresearch.com/request-sample/A304661

The global automotive electric coolant valve market size was esteemed at $3,914.5 million in 2020 and is estimated to reach $10,061.1 million by 2032, exhibiting a CAGR of 8.53% from 2023 to 2032.

The global automotive electric coolant valve market is segmented into type, modulation type, communication protocol, vehicle type, voltage, and region. By type, the global market has been fragmented into two-way, three-way, four-way, five ways, and others. By modulation type, the market has been analyzed across pre-configured electric coolant valves and field-configurable electric coolant valves. By communication protocol it is analyzed across direct analog, analog w/ voltage feedback, CAN, LIN and others. On the basis of vehicle type, the market is fragmented into passenger vehicles, light duty vehicles, medium and heavy-duty trucks, buses and coaches, and off-highway vehicles. The off-highway vehicle segment is further fragmented into construction & mining equipment, agriculture vehicles, and industrial vehicles. By voltage type, the market is segmented into 12V and 24V. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐬𝐮𝐦𝐦𝐚𝐫𝐲 𝐚𝐭 : https://www.alliedmarketresearch.com/automotive-electric-coolant-valve-market-A304661

Noteworthy Advancements in the Automotive Electric Coolant Valve Sector

● Leading firms employ diverse strategies, including acquisition, agreements, expansion, partnerships, contracts, and product launches, to fortify their market standing.

● In December 2023, Hanon Systems invested USD $129 million to enhance facilities in Hungary, focusing on EV thermo parts manufacturing and digital integration in Székesfehérvár, Pécs, and Rétság.

● October 2023 witnessed Modine Manufacturing Company expanding the production of EVantage thermal management systems in Pontevico, Italy, catering to heavy-duty, commercial, and specialty vehicles in Europe.

● In November 2021, Hanon Systems inaugurated a dedicated eco-friendly vehicle components plant in Gyeongju-si, Korea, producing solutions for electric vehicles, including heat pump systems and coolant valve assemblies.

● Voss Fluid GmbH's strategic acquisition of HENZEL Automotive GmbH in September 2020 strengthens Voss Group's automotive unit, fostering growth in thermal management with an enriched product portfolio encompassing thermostats, integrated sensors, and advanced function modules.

𝐈𝐟 𝐲𝐨𝐮 𝐡𝐚𝐯𝐞 𝐚𝐧𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬, 𝐏𝐥𝐞𝐚𝐬𝐞 𝐟𝐞𝐞𝐥 𝐟𝐫𝐞𝐞 𝐭𝐨 𝐜𝐨𝐧𝐭𝐚𝐜𝐭 𝐨𝐮𝐫 𝐚𝐧𝐚𝐥𝐲𝐬𝐭 𝐚𝐭: https://www.alliedmarketresearch.com/connect-to-analyst/A304661

Based on vehicle type, the passenger vehicle segment held the highest market share in 2020 and is estimated to maintain its leadership status throughout the forecast period, due to the increasing adoption of electric and hybrid vehicles. As the automotive industry undergoes a significant shift toward cleaner and more sustainable transportation solutions, electric coolant valves play a crucial role in managing the thermal dynamics of electric vehicle systems. However, the buses and coaches segment is projected to manifest the highest CAGR of 9.56% from 2023 to 2032, due to the increasing adoption of electric and hybrid propulsion systems in the public transportation sector. As cities and regions worldwide prioritize sustainable and environment-friendly transportation solutions, electric buses and coaches have gained prominence.

Based on voltage, the 12V segment held the highest market share in 2020 and is estimated to maintain its leadership status throughout the forecast period 2023 to 2032, owing to the reliable and energy-efficient solution, aligning with the industry's focus on sustainability and meeting the specific requirements of modern automotive applications. However, the 24V segment is projected to manifest the highest CAGR of 9.22% from 2023 to 2032, owing to higher voltage ensuring efficient and rapid control of coolant flow, meeting the demands of advanced automotive systems, and contributing to overall vehicle performance and sustainability.

Based on region, North America held the highest market share in terms of revenue in 2020 and is estimated to maintain its leadership status throughout the forecast period 2023 to 2032, owing to the reliable and energy-efficient solution, aligning with the industry's focus on sustainability and meeting the specific requirements of modern automotive applications. However, LAMEA is projected to manifest the highest CAGR of 10.16% from 2023 to 2032, owing to the automotive industry in these regions undergoing modernization and technological upgrades, the demand for efficient thermal management systems, where electric coolant valves play a vital role, is on the rise, fostering market expansion.

𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/A304661

𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐂𝐨𝐨𝐥𝐚𝐧𝐭 𝐕𝐚𝐥𝐯𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲:

● Spanning 14 countries, this study offers regional and segment analysis, projecting values ($million) from 2020 to 2032.

● The approach combines top-tier data, professional insights, and independent perspectives, aiming for a comprehensive view.

● Drawing from 3,700+ materials, including product literature and annual reports, enriches the understanding of this dynamic market. The goal is to empower stakeholders in making informed decisions for ambitious growth objectives.

𝐁𝐮𝐲 𝐍𝐨𝐰 & 𝐆𝐞𝐭 𝐔𝐩𝐭𝐨 𝟓𝟎% 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 (389 𝐏𝐚𝐠𝐞𝐬 𝐏𝐃𝐅 𝐰𝐢𝐭𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐂𝐡𝐚𝐫𝐭𝐬, 𝐓𝐚𝐛𝐥𝐞𝐬, 𝐚𝐧𝐝 𝐅𝐢𝐠𝐮𝐫𝐞𝐬) 𝐚𝐭: https://www.alliedmarketresearch.com/automotive-electric-coolant-valve-market/purchase-options

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