Starter Solenoid Market Size, Trends, By Geographic Scope, and Forecast to 2028 | Omron, IDEM Inc, Siemens

Global "Starter Solenoid Market" (2022-2028) research report gives most upcoming industry information on the market situation and future outlook. This report provides you analysis of Starter Solenoid market size, share, future growth, and cost structure, statistical and comprehensive data of the global market. The report is beneficial for strategists and industry players to plan their future business strategies. This is an in-depth market report, provides all you need to know about the Starter Solenoid Market. It includes the market news and updates about the market current situation, historic data, present market trends, and this factor which is valuable and supportive to the business.

With tables and figures helping analyze worldwide Global Starter Solenoid market trends, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

Looking forward market size is expectable to grow +5.6% CAGR during 2022-2028.

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Top Prominent Players Mentioned in this report:

This report also introduces players in the industry from the perspective of the market share, concentration ratio, etc., and describes the leading companies in detail, with which the readers can get a better idea of their competitors and acquire an in-depth understanding of the competitive situation. Key companies covered as a part of this study include: Omron, IDEM Inc, Siemens, Schneider Electric, Schmersal, ABB, KSS, Johnson Electric, Euchner, Telemecanique, Allen Bradley, Banner, Pilz, Bernstein Safety, Mecalectro, and others.

Industry News And Updates:

OMRON has acquired 10 companies, including 1 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 2 assets. OMRON's largest acquisition to date was in 2015, when it acquired Adept Technology for $200M. OMRON has acquired in 3 different US states, and 2 countries. The Company's most targeted sectors include automotive (23%) and electrical equipment (23%).

Siemens has acquired 56 companies, including 18 in the last 5 years. A total of 20 acquisitions came from private equity firms. It has also divested 23 assets. Siemens' largest acquisition to date was in 2015, when it acquired Dresser-Rand Group for $7.8B. It's largest disclosed sale occurred in 2014, when it sold Sivantos Group to EQT Holdings AB for $2.4B. Siemens has acquired in 13 different US states, and 12 countries. The Company's most targeted sectors include software (46%) and machinery (8%).

Global Starter Solenoid Market Segmentation:

Market segment by Type:

24V

12V

Market segment by Application:

Manufacturing Industry

Power Industry

Construction

Other (e.g. Mining,Metallurgy)

Regional Insight:

The Middle East and Africa (Turkey, GCC Countries, Egypt, South Africa)

North America (United States, Mexico, and Canada)

South America (Brazil etc.)

Europe (Germany, Russia, UK, Italy, France, etc.)

Asia-Pacific (China, Japan, Philippines, Korea, India, Indonesia, and Australia)

Global Starter Solenoid Market: Regional Analysis

Among regional markets, the North America starter solenoid market held the highest revenue share in the global market in 2020. The thriving automotive industry in the region, growing sales of EVs and HEVs, and high purchasing power of consumers are among the key factors driving the North America market revenue growth. Rising adoption of automation technologies in industries including food & beverage, manufacturing, oil & gas, and chemical industries to better control flow of liquids or gases further drives revenue growth in this market.

The Asia Pacific market is expected to dominate other regional markets over the forecast period in terms of the highest revenue CAGR. Increasing automobile production, rapid switch to electric vehicles for growing environmental concerns, and increasing adoption of advanced solenoid valve technologies for improved automotive functions and safety are some of the major factors spurring the Asia Pacific starter solenoid market growth.

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This report aims to provide:

- A qualitative and quantitative analysis of the current trends, dynamics, and estimations from 2022 to 2028.

- The analysis tools such as SWOT analysis and Porter's five force analysis are utilized, which explain the potency of the buyers and suppliers to make profit-oriented decisions and strengthen their business.

- The in-depth market segmentation analysis helps identify the prevailing market opportunities.

- In the end, this Starter Solenoid report helps to save you time and money by delivering unbiased information under one roof.

Key question answered in this report

What will the market size be in 2028 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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Table of Contents: Starter Solenoid Market

Part 1: Overview of Starter Solenoid Market

Part 2: Global Starter Solenoid Market Status and Forecast by Regions

Part 3: Global Market Status and Forecast by Types

Part 4: Global Market Status and Forecast by Downstream Industry

Part 5: Market Driving Factor Analysis

Part 6: Market Competition Status by Major Manufacturers

Part 7: Major Manufacturers Introduction and Market Data

Part 8: Upstream and Downstream Market Analysis

Part 9: Cost and Gross Margin Analysis

Part 10: Marketing Status Analysis

Part 11: Market Report Conclusion

Part 12: Starter Solenoid: Research Methodology and Reference

Finally, the Starter Solenoid Market report is the believable source for gaining the market research that will exponentially accelerate your business.

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