Variable Valve Timing Market Global Forecast To 2023 Research Report

Posted by Abhijeet Bendre on September 7th, 2018

Variable Valve Timing Market Prognosticated to Escalate With a Staggering CAGR; MRFR Unleashes Industry Insights Up To 2023. Global Variable valve timing (VVT) market Information Report By Technology type (Cam-Phasing System, Variable Valve Actuation Systems and Others), By fuel type (Gasoline Variable Valve Timing System and Diesel Variable Valve Timing System) By engine size (compact size, full-size and mid-size), by application (Passenger Cars, Commercial Vehicles and Others) and By Region - Forecast To 2023.

The prominent players in the global variable valve timing (VVT) market include Delphi Automotive System Inc (U.S.), Denso Corporation (Japan), Aisin Seiki Co. Ltd (Japan), Eaton Corporation Plc (Republic of Ireland), Hitachi (Japan), Perodua (Malaysia), Metaldyne Performance Group Inc. (U.S.), HUSCO International (U.S.), Continental AG (Germany), Hilite International, Inc. (U.S.), Johnson Controls, Inc. (Ireland), Mitsubishi Electric Corporation (Japan), Robert Bosch GmbH (Germany) and others.

Market Synopsis

The major task of the variable valve timing is to set the valve timing for engines for the operating modes idle, maximum power and torque along with exhaust gas recirculation. The variable valve timing is being controlled by the engine control units. The global variable valve timing (VVT) market is majorly being driven by their various  advantages such as increased fuel economy, increased power output, widen engine power band and decreased emissions. The fuel economy is achieved by the reduction of charge cycle work, optimization of the burning process and the reduction of the friction. The market is further driven by an increase in sales of special utility vehicles and cross-over models, especially in the passenger cars segment.

The global variable valve timing (VVT) market has witnessed remarkable growth and, its demand in future is expected to grow with the CAGR of ~7%.

The market is expected to see huge potential during the forecast period due to an increase in investment by the original equipment manufacturers in manufacturing bigger cars with advanced emission control equipment. Furthermore, the increasing inclination towards the diesel operated passenger cars, is driving the growth of the market. The other factors driving the growth of the market are increase in the number of vehicle manufacturers, and the introduction of various regulations for controlling vehicular emissions.

Geographically, the global variable valve timing (VVT) market has been divided into four major regions as North America, Europe, Asia Pacific and Rest of the World.  North America region is expected to dominate the global variable valve timing market over the forecast period. However, the Asia Pacific region is expected to grow with the highest CAGR owing to the boom in the automobile industry in the region. In the region, the variable valve timing technology has very high adoption rate due to the increased emission norms majorly in countries such as China and Japan.

Browse more on this report at: https://www.marketresearchfuture.com/reports/variable-valve-timing-market-5054

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