DUBLIN--(BUSINESS WIRE)--The "Variable Valve Timing (VVT) - Global Market Outlook (2017-2023)" report has been added to ResearchAndMarkets.com's offering.
Global Variable Valve Timing (VVT) Market is accounted for $34.11 billion in 2016 and expected to grow at a CAGR of 6.4% to reach $52.99 billion by 2023.
Factors like increasing demand for fuel economy, advancements in the VVT technology, stringent emission norms leading to higher VVT standards, hybridization of vehicles are fuelling the market growth. However, increasing share of alternative fuels and high cost of VVT are hampering the market growth.
Growing demand of cam-less actuation and increased preference for diesel cars is providing remunerative opportunity for the market. Moreover, difficulty in procuring complex internal parts of VVT and limited aftermarket supplies of VVT are the challenges faced by the market.
Based on Technology, Variable Valve Actuation (VVA) is used to add flexibility to the engine's valve train by enabling variable valve event timing, duration and/or lift. The main types of VVA technologies include valve timing control (VTC), variable valve lift (VVL) and camless valve trains. Recently, a new fully flexible hydraulic variable valve actuation system for engines using rotary spool valves has been developed. For instance, Eaton launched new variable valve actuation system, used with all SRFF based VVA solutions to enable functions such as cylinder deactivation, Miller cycle, internal exhaust gas recirculation (iEGR) or early exhaust valve opening.
Based on fuel, the Diesel VVT System based engines are favored in heavy-duty commercial and military applications as they have high performance in terms of fuel economy, torque at low speed, and power density. Several different VVA mechanisms have been implemented into diesel engines for low emissions and high thermal efficiency.
The Asia-Pacific is projected to be the largest market during the forecast period due to the stringent vehicle emission regulations and increasing vehicle production. The contributing countries for the market are China, India, and Japan.
Some of the key players in Global Variable Valve Timing (VVT) market are
- Aisin Seiki Co Ltd
- BorgWarner Engine
- Continental Powertrain
- Delphi Powertrain Systems
- Eaton Automotive
- Hilite Engine Products
- Hitachi Engine management Systems
- Johnson Controls Power Solutions
- Maxwell Ultracapacitors
- Metaldyne Sintered Products
- Valeo S.A Powertrain Systems
- DENSO Powertrain Control Systems
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