Automotive Solenoid Market Research Report, 2017 – 2024: Global Market Insights Inc.

Automotive solenoids are part of automobiles that helps in amplifying various process, thus improving overall vehicle’s performance. These are employed for pedestrian safety and selective catalytic reduction systems in vehicles. It is compact in size that increases interior space by around 25% and has response time as low as 200 microseconds.

Increased purchasing power has helped consumers to opt for lavish facilities in automobiles. Expansion of manufacturing facilities in emerging economies by OEMs will boost automotive solenoid market.

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Consumers have increased their spending on renovation of vehicles with better functions and controlling systems. Further, these enhance the response time, fuel efficiency, performance and safety features of vehicles. Ongoing developments by firms to capture market share will propel automotive solenoid market.

The product is used for different applications including engine control & cooling system, safety & security, body control & interiors, fuel & emission control and HVAC. Body control & interior application will have major share with increased utilization in passengers and commercial vehicles. They help in reduction of space consumed by auto parts that increases cabin space and improves interiors.

Automotive solenoid performs various functions including, fluid, gas and motion control. Motion control has major share owing to its wide usage in body control and safety & security of vehicles. Additionally, based on valve design, it is classified into 2-way, 3-way, 4-way and 5-way valves. Use of valve depends on type of engine and fuel supply in vehicles.

Europe, led by Germany has moderate share in automotive solenoid market due to well-established and flourishing automobile industry, with presence of big players namely Volkswagen and Audi. Middle East & Africa has nascent share and anticipated to show moderate growth with rising income levels. This region hosts after sales companies’ due to absence of OEMs.

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Companies are employing mergers and acquisition strategy to increase their penetration in automotive solenoid market. For instance, Continental AG acquired Emitec Emission Control Technologies that will enhance its presence in fuel and emission control segment.

Automotive Solenoid Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, France, UK, Italy, Russia, China, Japan, India, Thailand, Indonesia, Malaysia, Australia, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024

https://www.gminsights.com/industry-analysis/automotive-solenoid-market

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https://www.gminsights.com/industry-analysis/automotive-HVAC-market

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