The increasing penetration of passenger and commercial vehicle is resulting in increasing vehicular emission across the globe, which is becoming a major concern towards producing cars with fuel efficient systems. To meet the emission standards and sustainability issues the OEMs are focusing to develop new technology within the engine which can enhance the performance of engine. One of the major focus to achieve this objective is to control the valve’s timing within the engine control unit with the help of variable valve timing systems. Variable valve timing system is a vital system of engine control unit with combination of electrical and mechanical system which controls the lift and duration of valve. Variable valve timing system are of two types which are cam-phasing systems and variable valve actuation systems.
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Variable Valve Timing Market: Drivers & Restraints
Rising concern over fuel economy, stringent government laws towards controlling vehicular emission and growing vehicle production are some of the major drivers along with macroeconomic factors such as rising household income, infrastructural developments are fuelling the growth of the global variable valve timing market. However adoption of new technology such as start-stop system is increasing which can pose a major challenge towards the growth of the global variable valve timing market.
Variable Valve Timing Market: Segmentation
Global variable valve timing system market is segmented on the basis of geography, by technology type and by fuel type. Technology type segment of the global variable valve timing market includes following segment
- Cam-Phasing System
- Variable Valve Actuation Systems
The global variable valve timing market is further segmented on the basis of fuel type which are;
- Gasoline Variable Valve Timing System
- Diesel Variable Valve Timing System
Variable Valve Timing Market: Overview
The global variable valve timing market is expected to grow with significant rate over the forecast period 2015 to 2025. In terms of technology type cam-phasing variable valve timing system is dominated in global variable valve timing market value in 2014, on the other hand the variable valve actuation system is expected to grow at higher CAGR as compared to cam-phasing variable valve timing system during the forecast period.
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Variable Valve Timing Market: Region-wise Outlook
The global variable valve timing market is geographically segmented into seven key regions which are, North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan and Middle East & Africa. As of 2014, Asia-Pacific dominated global variable valve timing market followed by Japan due increasing vehicle production. On the other hand BRIC countries are expected to grow at higher CAGR when compared to other countries in their respective region.
Variable Valve Timing Market: Key Players
Some of the key players in global variable valve timing market are Denso Corp., Schaeffler AG, Hitachi Automotive Systems, Hilite International, and Aisin Seiki Co. Ltd.