Automotive Solenoid Market Size 2022 Latest Insights, Growth Rate, Future Trends, Outlook by Types, Applications, End Users and Business Opportunities to 2031

Global Automotive Solenoid Market report from Global Insight Services is the single authoritative source of intelligence on Automotive Solenoid Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

An automotive solenoid is an electrically-operated device that is used to control the flow of fluid within a system. Solenoids are commonly used in automotive applications to control valves' movement or actuate other mechanical components. When a solenoid is energized, it creates a magnetic field that can be used to open or close a valve, or to move a mechanical component.

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Key Trends

One of the key trends in Automotive Solenoid technology is the development of solenoids that can operate at higher temperatures. This is important because it allows for the solenoid to be used in a wider range of applications, including in high-temperature environments. Another trend is the development of solenoids that are more resistant to corrosion. This is important because it increases the lifespan of the solenoid and allows it to be used in more corrosive environments.

Key Drivers

The automotive solenoid market is driven by the increasing demand for vehicles equipped with automatic transmission systems. The automatic transmission system uses a torque converter and planetary gear set, which requires the use of a solenoid to engage the clutches. The automotive solenoid market is also driven by the increasing demand for vehicles with start-stop functionality. Start-stop functionality helps to improve fuel efficiency by shutting off the engine when the vehicle is idling. The automotive solenoid market is also driven by the increasing demand for electric vehicles. Electric vehicles use solenoids to control the flow of electric current to the motor.

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Market Segments

The Automotive Solenoid Market is segmented on the basis of vehicle type, application, type, and region. Based on vehicle type, the market is classified into passenger vehicle, light commercial vehicle (LCV), heavy commercial vehicle (HCV), and electric vehicle. By application, the market is segmented into engine control, fuel and emission control, HVAC, and others. By type, the market is divided into 2 Way Valve, 3 Way Valve, 4 Way Valve, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and the Rest of the World.

Key Companies

Top key players in Automotive Solenoid Market are Robert Bosch GmbH, Hitachi Ltd., Mitsubishi Electric Corporation, Continental AG, Johnson Electric Holding Ltd., BorgWarner Inc., Padmini VNA Mechatronics Pvt Ltd, Global Point Magnetics Asia Co. Ltd, Nidec Corporation, and Denso Corporation

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