Press release
Automotive Solenoid Market 2023 - Business Overview, New Developments, Trends Analysis, And Forecast To 2032 | Robert Bosch GmbH, Mitsubishi Electric Corporation, Johnson Electric, BorgWarner
Automotive Solenoid Market
As per the automotive solenoid market report by The Business Research Company, the rising automation in vehicles is expected to propel the growth of the automotive solenoid market.
The global automotive solenoid market size grew from $4.25 billion in 2022 to $4.65 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The automotive solenoid market size is expected to grow to $6.65 billion in 2027 at a CAGR of 9.4%.
Read More On The Automotive Solenoid Market Report Here:
https://www.thebusinessresearchcompany.com/report/automotive-solenoid-global-market-report
Major competitors in the automotive solenoid market include Robert Bosch GmbH, Mitsubishi Electric Corporation, Johnson Electric, BorgWarner, Hitachi Ltd., Continental AG, Mahle GmbH, ASCO Valve, Norgren, Danfoss, Delphi Automotive PLC, Denso Corporation, Zf Friedrichshafen Ag, Nidec Corporation, Schaeffler Ag, Rheinmetall Automotive, Hitachi Astemo, Stoneridge Inc., Tlx Technologies, Gideon Automotive Industries, Kendrion, Mzw Motor, Bicolex, Zonhen Electric Appliances, Padmini Vna Mechatronics, and Jaksa.
The automotive solenoid market is segmented -
• By Function: Fluid Control, Gas Control, Motion Control
• By Protocol: Direct Acting, Manual Reset, Pilot Operated
• By Vehicle Type: Passenger Cars, Commercial Vehicles
• By Application: Engine Control and Cooling System, Fuel and Emission Control, Safety and Security, Body Control and Interiors, HVAC, Other Applications
• By Valve Design: 2-Way Valve, 3-Way Valve, 4-Way Valve, 5-Way Valve
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the automotive solenoid market in 2022.
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The automotive solenoid are positioned between the engine and ignition module of the vehicle and are one of the responsible components for starting the vehicle. Automotive solenoids operate by receiving small electrical currents from the ignition system and large electrical currents from the battery, which is used to start the engine.
The Table Of Content For The Automotive Solenoid Market Include:
1. Executive Summary
2. Automotive Solenoid Market Characteristics
3. Automotive Solenoid Market Trends And Strategies
4. Automotive Solenoid Market - Macro Economic Scenario
5. Automotive Solenoid Market Size And Growth
6. Automotive Solenoid Market Segmentation
……
26. Africa Automotive Solenoid Market
27. Automotive Solenoid Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Solenoid Market
29. Automotive Solenoid Market Future Outlook And Potential Analysis
30. Appendix
The "Global Automotive Solenoid Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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