May 05, 2020
According to the research report titled ‘Global VVT & Start-Stop Systems Market Size study, by Technology (Cam-Phasing, Cam-Phasing Plus Changing, BAS, Enhanced Starter, Direct Starter, ISG), By Valvetrain (SOHC and DOHC), by Fuel type (Gasoline, Diesel, Electric) and Regional Forecasts 2019-2026’, available with Market Study Report LLC, global VVT & start-stop systems market was worth USD 51.75 billion in 2018 and is expected to grow with a CAGR 5.7% during 2019-2026.
For the record, VVT & start-stop systems function is to stop the engine when vehicle is either stationary or not in use. These systems are incorporated in modern cars to reduce GHG emissions and fuel consumption. The system utilizes sensors and computer to identify if the vehicle is stationary and subsequently stops the fuel supply to the engine. This engine can be restarted when the clutch is engaged or when the brake is released, which further helps in saving fuel and enhances the performance of the vehicle.
Growing demand for fuel-efficient vehicles coupled with strict emission regulations are major factors driving the growth of global VVT & start-stop systems industry growth. In 1997 for instance, U.S. and other developed economies signed the treaty of Kyoto Protocol, an initiative to reduce the emission levels of greenhouse gasses, hence pushing forward mandates accordingly.
Additionally, inflating fuel prices have compelled manufacturers to develop fuel-efficient solutions which is further aiding the market expansion. However, VVT & start-stop systems increase the number of vehicle’s start-stop cycle, leading to deterioration of the engine. In addition to this, high costs associated with the system may act as a restraining factor to the overall market growth. Nevertheless, increasing hybrid vehicles production will create lucrative growth avenues for VVT & start-stop systems industry.
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Asia-Pacific holds a substantial share in VVT & start-stop systems industry and is reckoned to witness a robust CAGR during the forecast period. Increasing manufacturing of vehicles integrated with VVT systems, growing population, rising per capita income and widespread awareness pertaining to benefits of VVT systems are promoting the business scenario in Asia-Pacific.
Mitsubishi Electric Corporation, Aptiv Plc., Eaton Corp., Aisin Seiki Co. Ltd., Hitachi Ltd., BorgWarner Inc., Denso Corp., Valeo, Continental AG and Robert Bosch GmbH are the eminent companies in worldwide VVT & start-stop systems market.