The global VVT actuators market is anticipated to be valued at US$ 2,134.3 Mn in 2022 and will surpass US$ 3,630 Mn by 2032. The demand for VVT actuators is projected to rise at a steady CAGR of 5.5% during the forecast period.
The market for VVT actuators is expected to grow as they enable mechanisms such as advancing or retarding valve timings, changing or overlapping valves, and, in some cases, lifting valves. VVT solenoid actuators help in a variety of ways. It, for example, precisely changes the opening and closing timing of the intake and exhaust valves in response to driving conditions. As a result of these factors, VVT actuator sales are expected to increase rapidly over the forecast period.
VVT actuators control VVT actuator symptoms valve timing, improving fuel efficiency and lowering emissions. Oil pressure and hydraulics are commonly used in these actuators to adjust the position of a phaser mechanism. VVT actuator replacement costs are expected to rise as a result of rising demand.
The VVT actuators market research suggests that Problems related to engine performance or valve timing-related fault codes are resolved with the help of VVT actuators. Without the necessary equipment, such conditions might be difficult to diagnose. Variable valve timing (VVT) actuators help to improve the engine’s volumetric efficiency and reduce the number of exhaust gases the car produces. Due to these factors, the demand for VVT actuators is projected to witness a sharp rise throughout the forecast period.
Manufacturers of VVT actuators are continuously trying to make their products long-lasting so that technicians can activate a variable valve timing actuator using an actuator test and then listen for changes in the engine’s auditory notes and/or speed.
One of the primary factors driving VVT actuator sales is rising automation in the automotive industry. The global automotive market is expected to grow steadily over the forecast period due to increased disposable income. As a result, it is expected that emerging economies will account for a sizable portion of the demand for VVT actuators.
Key Players:
- Mitsubishi Electric Corporation
- Camcraft, Inc.
- Metal Seal Precision, Ltd.
- Mikuni American Corporation
- Zhejiang Dima Vehicle Industry Company
- Autorun
- GOGO Automatic Company Ltd
- Delphi Automotive LLP
