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Automotive Metering Valves Market Revenue, Growth, Restraints, Trends, Company Profiles, Analysis & Forecast Till 2028
The global Automotive Metering Valves Market size was considerably strong in 2020 and is expected to continue to grow at a rapid pace with a rising revenue CAGR between 2021 and 2028. The growth is mainly driven by factors such as rapid urbanization, increased vehicle production in emerging economies, and a growing demand for electric vehicles. Additionally, the need for multi-purpose valves is expected to contribute to the growth of the automotive valves market. The introduction of strict government regulations aimed at fuel economy is also expected to fuel the growth of the market.
Valves are mechanical devices that regulate the flow of liquids and fluids and are commonly used in various applications, especially in the automotive industry. Automotive valves come in various sizes and dimensions, ranging from a few inches to 25 to 30 feet in diameter, and are widely used in vehicles, primarily in motors. The brake valve, also known as the load-sensing valve, is the most commonly used automotive valve and is one of the most crucial components of the braking system. Metering valves aid the braking system by allowing the driver to control the vehicle's braking and acceleration. An automotive metering valve usually has two ports, one for the master cylinder and one for the caliper, and it regulates the fluid flow of the master cylinder, allowing the rear brakes to engage immediately before the front disc. The primary purpose of automotive metering valves is to maintain balance in case of emergency braking situations. Both automotive metering valves and proportioning valves work similarly to balance the braking system.
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The Automotive Metering Valves Market is a sector of the automotive industry that involves the production, sale, and distribution of metering valves for use in vehicles. These valves are mechanical devices that regulate the flow of liquids and fluids, particularly in the braking systems of vehicles. The market has seen significant growth in recent years due to factors such as rapid urbanization, increasing vehicle production in emerging economies, and a rising demand for electric automobiles. Additionally, innovations such as electronic and smart metering valves, lightweight and corrosion-resistant materials, advanced sensors and control algorithms, and 3D printing technology have contributed to the growth and evolution of the market. The market is expected to continue to expand in the coming years as the automotive industry continues to innovate and develop new technologies.
Driving factors of Automotive Metering Valves Market
- Rapid urbanization
- Increasing vehicle production in emerging economies
- Rising demand for electric automobiles
- Increased need for multi-purpose valves
- Introduction of strict government regulations due to fuel economy
Some of the notable innovations in the Automotive Metering Valves Market
- Electronic metering valves that allow for more precise control of fluid flow and better integration with electronic braking systems.
- The development of smart metering valves that can communicate with other vehicle systems to optimize braking performance and safety.
- The use of lightweight and corrosion-resistant materials, such as aluminum and titanium, to reduce weight and increase durability of the valve.
- The integration of sensors and advanced control algorithms to provide real-time feedback and adjust the valve's operation for maximum efficiency.
- The use of 3D printing technology to produce complex valve designs that were previously impossible to manufacture using traditional methods.
Major Companies Profiled In The Report:
- Wanxiang Group Corporation
- DOPAG
- Graco
- VOSS Automotive
- Mopar
- Dorman
- General Motors
- Swagelok
- Parker
- Wittgas
- ABNOX AG
- Christian Bürkert GmbH & Co. KG
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