Automotive Solenoid Market is projected to rise at a considerable CAGR during the forecast period from 2021 to 2027. The rising demand for automation in vehicles along with the increasing production of automobiles are the major factors fueling the growth of the automotive solenoid market. A solenoid is a coil of wire wound around a metal core. In a world where automation is becoming increasingly important in everyday life at a rapid pace, solenoids help achieve automation in a variety of applications. When you bring an electric current to one end of the solenoid, a magnetic field is created, and this magnetic field can control things like barometric pressure, locks, or water pressure. Automotive solenoids find applications in a variety of fields such as the automotive industry, medical systems or locking mechanisms.
The most popular applications for car solenoids are in devices such as joysticks used for gaming. The Asia-Pacific region is expected to dominate the automotive solenoid market during the forecast period due the presence of some the major developing economies in the world including China, India, and South Korea. The key players in the automotive solenoid market includes Robert Bosch GmbH, Hitachi Ltd., Mitsubishi Electric Corporation, Continental AG, Johnson Electric Holding Ltd., BorgWarner Inc., Delphi Automotive PLC, and Padmini VNA Mechatronics Pvt Ltd among others.
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A full report of Global Automotive Solenoid Market is available at: https://www.orionmarketreports.com/automotive-solenoid-market/52093/
The following Segmentation are covered in this report:
By Vehicle Type
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
By Application
- Engine Control & Cooling System
- Fuel & Emission Control
- Safety and Security
- Body Control & Interiors
- HVAC
- Others
By Valve Design
- 2-Way Valve
- 3-Way Valve
- 4-Way Valve
- 5-Way Valve
By Region
North America:
- US
- Canada
Europe:
- France
- Italy
- Germany
- UK
- Rest of Europe
Asia Pacific:
- India
- China
- Japan
- Australia
- Rest of APAC
The report covers the following objectives:
- Proliferation and maturation of trade in the global Automotive Solenoid Market.
- The market share of the global Automotive Solenoid Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Automotive Solenoid Market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Automotive Solenoid Market.
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
