The Europe Automotive Electric Coolant Valve Market would witness market growth of 7.5% CAGR during the forecast period (2024-2031). In the year 2021, the Europe market's volume surged to 16,679.9 thousand units, showcasing a growth of 19.3% (2020-2023).
The 24V automotive electric coolant valve market is experiencing robust growth, driven by its critical role in heavy-duty vehicles, including commercial trucks, buses, and specialized industrial machinery. These 24V systems, favoured for their reliability and efficiency in managing engine temperatures under demanding conditions, are crucial for vehicles that require more robust electrical systems to handle higher power demands. Therefore, the Germany market would utilize 2,745.91 thousand units of 24V systems in 24V automotive electric coolant by 2031.
The Germany market dominated the Europe Automotive Electric Coolant Valve Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $674.2 million by 2031. The UK market is exhibiting a CAGR of 6.6% during (2024 - 2031). Additionally, The France market would experience a CAGR of 8.4% during (2024 - 2031).
Electric coolant valves in vehicle climate control systems control coolant flow via the heater core and cabin heat exchanger. They enable precise control over cabin temperature and allow more efficient heating and defrosting operations. Some advanced vehicles employ waste heat recovery systems to improve efficiency by capturing and utilizing the engine's or exhaust's waste heat. Electric coolant valves play a role in these systems by controlling coolant flow to heat exchangers or thermoelectric generators, where waste heat is converted into useful energy. Manufacturers are exploring using advanced materials, such as lightweight alloys, composites, and high-performance polymers, to enhance the performance and durability of electric coolant valves while reducing weight and improving efficiency.
Moreover, 3D printing creates complex geometries and intricate designs that are difficult or impossible to achieve using traditional manufacturing methods. Electric coolant valve manufacturers can leverage 3D printing to design and produce customized valve components tailored to specific vehicle models or thermal management requirements. This flexibility in design allows for optimized performance, improved integration, and reduced weight, contributing to the overall efficiency of automotive cooling systems. 3D printing enables rapid prototyping and iterative development of electric coolant valves, allowing manufacturers to iterate designs, test functionality, and refine performance quickly. For example, according to Invest India, the 3D printing industry in India is projected to increase from $12.6 billion in 2020 to $37.2 billion in 2026. Electric coolant valves are becoming increasingly intelligent and connected, enabling seamless integration with vehicle control systems and communication networks.
France is allocating resources to develop charging infrastructure to support the extensive adoption of electric vehicles. The expansion of charging infrastructure enhances the convenience and accessibility of EVs, encouraging their adoption among consumers and businesses in France. France is home to several leading automotive manufacturers and technology companies investing in research and development (R&D) to advance electric vehicle technology. France has a strong automotive manufacturing sector, with several major automakers and component suppliers operating in the country. Thus, all these factors will uplift the regional market’s expansion in the coming years.
Free Valuable Insights: The Global Automotive Electric Coolant Valve Market will Hit USD 9.3 billion by 2031, at a CAGR of 8.3%
Based on Voltage, the market is segmented into 12 V and 24 V. Based on Type, the market is segmented into Two Way, Three Way, Four Way, Five Way and Others. Based on Modulation Type, the market is segmented into Pre-configured and Field-configurable. Based on Vehicle Type, the market is segmented into Passenger Vehicle, Light Duty Vehicle, Buses & Coaches, Medium & Heavy Duty Trucks, and Off Highway Vehicles. Based on Communication Protocol, the market is segmented into Controller Area Network (CAN), LIN (Local Interconnect Network), Analog with Voltage Feedback and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Voltage (Volume, Thousand Units, USD Billion, 2020-2031)
By Type (Volume, Thousand Units, USD Billion, 2020-2031)
By Modulation Type
By Vehicle Type (Volume, Thousand Units, USD Billion, 2020-2031)
By Communication Protocol
By Country (Volume, Thousand Units, USD Billion, 2020-2031)
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