Automotive Solenoid Market Expectations & Growth Trends Highlighted Until 2027
A Solenoid is a coil of wire wound around a metal core. In a world where Automation is gaining importance in our day-to-day lives at a fast pace, Solenoids help us achieve ‘Automation’ in different applications. When we give electric current at one end of the solenoid, it generates a magnetic field and this magnetic field can control things like air pressure, locks or water pressure. Automotive Solenoids find applications in different sectors like the Automobile industry, Medical Systems or Lock mechanisms, to name a few. The most popular application of Automotive Solenoids is on the devices like Joystick used for the purpose of games.
Automotive Solenoid market is expected to grow at a moderate CAGR in 2017
Automotive Solenoid Market: Drivers and Restraints
As the demand for automation is increasing, so should the production of Automotive Solenoids. Laws for fuel-efficient vehicles are being brought into action by different countries. This may drive the growth of Automotive Solenoid Market. Earlier machines had big engines. But as the size of engines is decreasing (a concept popularly known as ‘Engine Downsizing Trend’), the demand for Automotive Solenoids is increasing. The fuel and emission control application market in the Automotive Solenoid Market is expected to grow at the significantly high pace.
Use of Automotive Solenoids may be restrained in diesel passenger cars because of their low popularity globally. The dominance of Continental AG in Automotive Solenoid OE market, as well as aftermarket, may affect other key players of the Automotive Solenoid Market.
Get a Free Sample Copy of the Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-4688
Automotive Solenoid Market: Regional Overview
Asia Pacific market is the leading automotive solenoid market, in terms of value. This is because major Automotive Solenoid producing companies lie in the Asia Pacific region, more specifically countries like Korea, Japan, China and India.
Automotive Solenoid Market: Key players
Few of the major players of Automotive Solenoid Market identified are:-
- Robert Bosch GmbH (Germany)
- Padmini VNA Mechatronics Pvt Ltd (India)
- Hitachi Ltd. (Japan)
- Mitsubishi Electric Corporation (Japan)
- Nidec Corporation (Japan)
- Continental AG (Germany)
- Global Point Magnetics Asia Co. Ltd. (China)
- Johnson Electric Holding (China)
- BorgWarner (U.S.)
- Delphi Automotive PLC (U.K.)
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
Request Report Methodology: https://www.futuremarketinsights.com/askus/rep-gb-4688
Automotive Solenoid Market: Segmentation
Automotive Solenoid Market is segmented by Vehicle type, Electric Vehicle type, Application, Function, Valve Design and Region.
Based on Vehicle Type,Automotive Solenoid Market is segmented into:-
- Passenger vehicle
- Light commercial vehicle
- Heavy commercial vehicle
Based on Electric Vehicle Type, Automotive Solenoid Market is segmented into:-
Based on Application,Automotive Solenoid Market is segmented into:-
- Engine control & cooling system
- Fuel & Emission Control
- Safety and Security
- Body Control & Interiors
- Other application
Based on Function,Automotive Solenoid Market is segmented into:-
- Fluid Control
- Gas Control
- Motion Control
Ask Us Your Questions About This Report: https://www.futuremarketinsights.com/ask-question/rep-gb-4688
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates