Market Overview:
The global automatic choke valve market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for automatic choke valves in various applications, such as car engines and industrial machinery. Additionally, the growing demand for resistance wire heating type automatic choke valves is also contributing to the growth of this market.
Product Definition:
An automatic choke valve is a device used to regulate the air/fuel mixture in an engine. It is important because it helps the engine run smoothly and efficiently.
Exhaust Gas Heating:
Exhaust gas heating is a process where the heat generated by an engine is used to warm up the surrounding area. The process helps in saving fuel and reduces carbon emissions. It works on the basic principle of thermal energy conversion, which involves using hot gases from combustion engines for warming purposes. In this method, exhaust gases are piped into a chamber that contains an oil-filled radiator; as these gases expand, they transfer their heat to the oil which is then distributed around objects within range.
Hot Air Heating:
Hot air heating is a process of generating heat by using hot air.
The sensor in the system sends out a signal to start the chokes and coils. The system then generates heat until all four chokes are heated to their operating temperature. At that point, all four chokes send out their signals at once and turn off the power supply to stop heating.
Application Insights:
The industrial machinery segment led the global automatic choke valve market and accounted for more than 45.0% share of the overall revenue in 2017. The growth is attributed to an increase in manufacturing activities across various industries, including oil & gas, chemical, power generation and pulp & paper. Moreover, these devices help control engine temperatures by reducing exhaust gas temperatures which are critical during start-up or shutdown operations of an industrial machine.
Choke valves with integrated safety features such as over-temperature protection are being adopted by major manufacturers of heavy machinery for their products that require continuous operation at high speeds without any hiccups or breakdowns due to technical snags along with improved productivity through elimination of down time caused due to repairs or maintenance activities required in conventional mechanical equipment owing to its digital technology driven design coupled with ease of use has been driving the demand globally Automatic choke valves market over recent years Industrial applications include material handling equipment used in warehouses.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to rising automotive production and sales in countries, such as India, China, Japan, and South Korea. In addition, increasing investments in industrial machinery production are anticipated to fuel market growth over the coming years.
The presence of major manufacturers including Mahindra & Mahindra Ltd., Bajaj Auto Limited; Tata Motors; Hyundai Motor Company; Honda Motor Co.; Nissan Diesel Corporation Ltd.; Fiat Chrysler Automobiles N.V.; Volkswagen Group GmbH; BMW AG; Mercedes-Benz AG Daimler AG has also contributed significantly toward regional demand for auto choke valves during past few years.
North America accounted for a significant share of global revenue owing to high automobile penetration rates coupled with stringent emission norms implemented by U.S EPA and other regulatory bodies pertaining to carbon dioxide emissions from internal combustion engines under various conditions (idle speed/ load/ temperature).
Growth Factors:
- Increasing demand for choke valves from oil and gas industry
- Rising investment in infrastructure development
- Growing popularity of choke valves in power generation sector
- Proliferation of smart grid technology
- surging demand for choke valves from process industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Automatic Choke Valve Market Research Report
By Type
Exhaust Gas Heating, Hot Air Heating, Cooling Water Temperature Heating Type, Resistance Wire Heating, Others
By Application
Car Engine, Industrial Machinery, Others
By Companies
Holley, UcalFuelSystems, TKCarburettor, Keihin Group, Walbro, Mikuni, Keruidi, Guangzhou Fols Valve Technology Co., Ltd., Zama, Bing Power, Ruixing, Pok Shang Valve
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
138
Number of Tables & Figures
97
Customization Available
Yes, the report can be customized as per your need.
Global Automatic Choke Valve Market Report Segments:
The global Automatic Choke Valve market is segmented on the basis of:
Types
Exhaust Gas Heating, Hot Air Heating, Cooling Water Temperature Heating Type, Resistance Wire Heating, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Car Engine, Industrial Machinery, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Holley
- UcalFuelSystems
- TKCarburettor
- Keihin Group
- Walbro
- Mikuni
- Keruidi
- Guangzhou Fols Valve Technology Co., Ltd.
- Zama
- Bing Power
- Ruixing
- Pok Shang Valve
Highlights of The Automatic Choke Valve Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Exhaust Gas Heating
- Hot Air Heating
- Cooling Water Temperature Heating Type
- Resistance Wire Heating
- Others
- By Application:
- Car Engine
- Industrial Machinery
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automatic Choke Valve Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An automatic choke valve is a safety device that helps to prevent the engine from over-revving and potentially causing damage. When the throttle is closed, this valve opens and allows more air into the engine, which reduces its speed.
Some of the key players operating in the automatic choke valve market are Holley, UcalFuelSystems, TKCarburettor, Keihin Group, Walbro, Mikuni, Keruidi, Guangzhou Fols Valve Technology Co., Ltd., Zama, Bing Power, Ruixing, Pok Shang Valve.
The automatic choke valve market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automatic Choke Valve Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automatic Choke Valve Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automatic Choke Valve Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automatic Choke Valve Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automatic Choke Valve Market Size & Forecast, 2018-2028
4.5.1 Automatic Choke Valve Market Size and Y-o-Y Growth
4.5.2 Automatic Choke Valve Market Absolute $ Opportunity
Chapter 5 Global Automatic Choke Valve Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automatic Choke Valve Market Size Forecast by Type
5.2.1 Exhaust Gas Heating
5.2.2 Hot Air Heating
5.2.3 Cooling Water Temperature Heating Type
5.2.4 Resistance Wire Heating
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automatic Choke Valve Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automatic Choke Valve Market Size Forecast by Applications
6.2.1 Car Engine
6.2.2 Industrial Machinery
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automatic Choke Valve Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automatic Choke Valve Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automatic Choke Valve Analysis and Forecast
9.1 Introduction
9.2 North America Automatic Choke Valve Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automatic Choke Valve Market Size Forecast by Type
9.6.1 Exhaust Gas Heating
9.6.2 Hot Air Heating
9.6.3 Cooling Water Temperature Heating Type
9.6.4 Resistance Wire Heating
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automatic Choke Valve Market Size Forecast by Applications
9.10.1 Car Engine
9.10.2 Industrial Machinery
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automatic Choke Valve Analysis and Forecast
10.1 Introduction
10.2 Europe Automatic Choke Valve Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automatic Choke Valve Market Size Forecast by Type
10.6.1 Exhaust Gas Heating
10.6.2 Hot Air Heating
10.6.3 Cooling Water Temperature Heating Type
10.6.4 Resistance Wire Heating
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automatic Choke Valve Market Size Forecast by Applications
10.10.1 Car Engine
10.10.2 Industrial Machinery
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automatic Choke Valve Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automatic Choke Valve Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automatic Choke Valve Market Size Forecast by Type
11.6.1 Exhaust Gas Heating
11.6.2 Hot Air Heating
11.6.3 Cooling Water Temperature Heating Type
11.6.4 Resistance Wire Heating
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automatic Choke Valve Market Size Forecast by Applications
11.10.1 Car Engine
11.10.2 Industrial Machinery
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automatic Choke Valve Analysis and Forecast
12.1 Introduction
12.2 Latin America Automatic Choke Valve Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automatic Choke Valve Market Size Forecast by Type
12.6.1 Exhaust Gas Heating
12.6.2 Hot Air Heating
12.6.3 Cooling Water Temperature Heating Type
12.6.4 Resistance Wire Heating
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automatic Choke Valve Market Size Forecast by Applications
12.10.1 Car Engine
12.10.2 Industrial Machinery
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automatic Choke Valve Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automatic Choke Valve Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automatic Choke Valve Market Size Forecast by Type
13.6.1 Exhaust Gas Heating
13.6.2 Hot Air Heating
13.6.3 Cooling Water Temperature Heating Type
13.6.4 Resistance Wire Heating
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automatic Choke Valve Market Size Forecast by Applications
13.10.1 Car Engine
13.10.2 Industrial Machinery
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automatic Choke Valve Market: Competitive Dashboard
14.2 Global Automatic Choke Valve Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Holley
14.3.2 UcalFuelSystems
14.3.3 TKCarburettor
14.3.4 Keihin Group
14.3.5 Walbro
14.3.6 Mikuni
14.3.7 Keruidi
14.3.8 Guangzhou Fols Valve Technology Co., Ltd.
14.3.9 Zama
14.3.10 Bing Power
14.3.11 Ruixing
14.3.12 Pok Shang Valve
