The North America Automotive Electric Coolant Valve Market would witness market growth of 7.9% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 10,086.2 thousand units, showcasing a growth of 19.8% (2020-2023).
The automotive electric coolant valve market, particularly for 12V applications, has witnessed significant growth due to the increasing demand for fuel efficiency and stringent emissions regulations. These 12V valves, integral to a vehicle's cooling system, play a crucial role in managing the engine's temperature, thus ensuring optimal performance and longevity. Thus, the US market would utilize 16,085.8 thousand units of 12V valves in automotive electric coolant by 2031.
The US market dominated the North America Automotive Electric Coolant Valve Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,885 million by 2031. The Canada market is experiencing a CAGR of 10% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 9.4% during (2024 - 2031).
Automotive electric cooling valves are hardware utilized in various vehicle components. They are specifically used to optimize coolant flow through cooling systems, engines, and powertrains. These helps regulate a vehicle's temperature and improve its performance. Electric and hybrid vehicles also use these values for coolant flow distribution for batteries and power electronics. Electric coolant valves regulate the flow of coolant through the engine's cooling system to maintain optimal operating temperatures. They help prevent overheating and ensure efficient engine performance, particularly when precise temperature control is required, such as during cold starts or heavy-load conditions.
Turbocharged engines produce a substantial quantity of heat, particularly at high rates of speed. Electric coolant valves regulate coolant flow to the turbocharger's cooling circuit, helping to manage temperatures and prevent overheating of the components. Automatic transmissions generate heat during operation, deleting fluid quality and affecting transmission performance. Electric coolant valves control the flow of coolant through transmission coolers, helping to dissipate heat and maintain the transmission within its optimal temperature range, thereby improving longevity and performance.
Canadian manufacturers invest in advanced technologies to enhance productivity, efficiency, and competitiveness. Canada boasts a highly skilled workforce and research institutions with automotive engineering, materials science, and thermal management technologies expertise. Canada has a strong automotive manufacturing ecosystem with established OEMs, tiered suppliers, and support industries. In November 2023, Canadian manufacturing sales increased by 1.2% to $71.7 billion, as reported by Statistics Canada. Hence, the factors mentioned above will drive the regional market growth.
Based on Voltage, the market is segmented into 12 V and 24 V. Based on Type, the market is segmented into Two Way, Three Way, Four Way, Five Way and Others. Based on Modulation Type, the market is segmented into Pre-configured and Field-configurable. Based on Vehicle Type, the market is segmented into Passenger Vehicle, Light Duty Vehicle, Buses & Coaches, Medium & Heavy Duty Trucks, and Off Highway Vehicles. Based on Communication Protocol, the market is segmented into Controller Area Network (CAN), LIN (Local Interconnect Network), Analog with Voltage Feedback and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The automotive electric coolant valve market, particularly for 12V applications, has witnessed significant growth due to the increasing demand for fuel efficiency and stringent emissions regulations. These 12V valves, integral to a vehicle's cooling system, play a crucial role in managing the engine's temperature, thus ensuring optimal performance and longevity. Thus, the US market would utilize 16,085.8 thousand units of 12V valves in automotive electric coolant by 2031.
The US market dominated the North America Automotive Electric Coolant Valve Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,885 million by 2031. The Canada market is experiencing a CAGR of 10% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 9.4% during (2024 - 2031).
Automotive electric cooling valves are hardware utilized in various vehicle components. They are specifically used to optimize coolant flow through cooling systems, engines, and powertrains. These helps regulate a vehicle's temperature and improve its performance. Electric and hybrid vehicles also use these values for coolant flow distribution for batteries and power electronics. Electric coolant valves regulate the flow of coolant through the engine's cooling system to maintain optimal operating temperatures. They help prevent overheating and ensure efficient engine performance, particularly when precise temperature control is required, such as during cold starts or heavy-load conditions.
Turbocharged engines produce a substantial quantity of heat, particularly at high rates of speed. Electric coolant valves regulate coolant flow to the turbocharger's cooling circuit, helping to manage temperatures and prevent overheating of the components. Automatic transmissions generate heat during operation, deleting fluid quality and affecting transmission performance. Electric coolant valves control the flow of coolant through transmission coolers, helping to dissipate heat and maintain the transmission within its optimal temperature range, thereby improving longevity and performance.
Canadian manufacturers invest in advanced technologies to enhance productivity, efficiency, and competitiveness. Canada boasts a highly skilled workforce and research institutions with automotive engineering, materials science, and thermal management technologies expertise. Canada has a strong automotive manufacturing ecosystem with established OEMs, tiered suppliers, and support industries. In November 2023, Canadian manufacturing sales increased by 1.2% to $71.7 billion, as reported by Statistics Canada. Hence, the factors mentioned above will drive the regional market growth.
Based on Voltage, the market is segmented into 12 V and 24 V. Based on Type, the market is segmented into Two Way, Three Way, Four Way, Five Way and Others. Based on Modulation Type, the market is segmented into Pre-configured and Field-configurable. Based on Vehicle Type, the market is segmented into Passenger Vehicle, Light Duty Vehicle, Buses & Coaches, Medium & Heavy Duty Trucks, and Off Highway Vehicles. Based on Communication Protocol, the market is segmented into Controller Area Network (CAN), LIN (Local Interconnect Network), Analog with Voltage Feedback and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Emerson Electric Co.
- Siemens AG
- Robert Bosch GmbH
- Parker-Hannifin Corporation
- Hanon Systems (Hahn & Co. Auto Holdings Co., Ltd.)
- Honeywell International, Inc.
- Continental AG
- Robertshaw (One Rock Capital Partners, LLC)
- VOSS Fluid GmbH (VOSS Holding GmbH + Co. KG)
- Rotex Automation Limited
Market Report Segmentation
By Voltage (Volume, Thousand Units, USD Billion, 2020-2031)- 12 V
- 24 V
- Two Way
- Three Way
- Four Way
- Five Way
- Others
- Pre-configured
- Field-configurable
- Passenger Vehicle
- Light Duty Vehicle
- Buses & Coaches
- Medium & Heavy Duty Trucks
- Off Highway Vehicles
- Controller Area Network (CAN)
- LIN (Local Interconnect Network)
- Analog with Voltage Feedback
- Others
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America Automotive Electric Coolant Valve Market by Voltage
Chapter 6. North America Automotive Electric Coolant Valve Market by Type
Chapter 7. North America Automotive Electric Coolant Valve Market by Modulation Type
Chapter 8. North America Automotive Electric Coolant Valve Market by Vehicle Type
Chapter 9. North America Automotive Electric Coolant Valve Market by Communication Protocol
Chapter 10. North America Automotive Electric Coolant Valve Market by Country
Chapter 11. Company Profiles
Companies Mentioned
- Emerson Electric Co.
- Siemens AG
- Robert Bosch GmbH
- Parker-Hannifin Corporation
- Hanon Systems (Hahn & Co. Auto Holdings Co., Ltd.)
- Honeywell International, Inc.
- Continental AG
- Robertshaw (One Rock Capital Partners, LLC)
- VOSS Fluid GmbH (VOSS Holding GmbH + Co. KG)
- Rotex Automation Limited
Methodology
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