Automotive Solenoid Market Size, Share, Report, Analysis, Trends & Forecast to 2026

According to Stratistics MRC, the Global Automotive Solenoid Market is accounted for $4.36 billion in 2017 and is expected to reach $10.63 billion by 2026 growing at a CAGR of 10.4% during the forecast period.

Gaithersburg, MD, US - April 18, 2018 /MarketersMedia/ —

Factors such as growing demand for advanced automation systems and rising demand for fuel efficient vehicles are fueling the market growth. However, low preference for diesel passenger cars and weight and cost reduction are hindering the growth of the market. Growing government rules for fuel efficient vehicles in emerging countries provides ample of opportunities for growth of the market.

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By electric vehicle type, A battery electric vehicle (BEV) runs entirely using an electric motor and battery, without the support of a traditional internal combustion engine, and must be plugged into an external source of electricity to recharge its battery. BEVs use large battery packs to give the vehicle a long electric range, with some travelling up to 335 miles on a single charge. Engine control valves are not used in a battery electric vehicle (BEV) for the engine control application. Factors such as rising need to decrease vehicle emissions, reducing battery prices, and strict environmental rules by government. It is a type of electric vehicle that utilizes chemical energy reserved in rechargeable battery packs. It is applicable to motorcycles, bicycles, scooters, buses, trucks and cars etc.

By application, HVAC system segment is driven by rising trend of smart homes anticipated to boost the demand for HVAC systems, government rules and policies for energy save and growing construction activities are some of the key factors fuelling the market growth. HVAC system is utilized for different activities such as designing, scheduling appointments, track business activities, and load calculation.

By Geography, Asia-Pacific is expected to generate highest revenue due to raise in automotive solenoid volumes. North America is anticipated to register highest CAGR owing to growing production of passenger cars and electric vehicles.

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Some of the key players in Automotive Solenoid Market include Hitachi, Ltd., Mitsubishi Electric Corporation, Nidec Corporation, Wabco Holdings Inc., Continental Ag, Rotex Automation, Parker Hannifin Corporation, Mvd Auto Components Pvt. Ltd., Johnson Electric Holdings Limited, Padmini Vna Mechatronics Pvt. Ltd., Robert Bosch GmbH, Global Point Magnetics Asia Co., Ltd., Kendrion Nv, Husco International, Lockcarft, Denso Corporation, Borgwarner Inc., Delphi Automotive PLC and Schaeffler Ag.

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Functions Covered:
• Motion Control
• Fluid Control
• Gas Control

Valve Designs Covered:
• 2-Way Valves
• 3-Way Valves
• 4-Way Valves
• 5-Way Valves

Vehicle Types Covered:
• Light Commercial Vehicle (LCV)
• Heavy Commercial Vehicle (HCV)
• Passenger Vehicles

Electric Vehicle Types Covered:
• Plug-in Hybrid Electric Vehicle (PHEV)
• Battery Electric Vehicle (BEV)
• Fuel Cell Electric Vehicle (FCEV)
• Hybrid Electric Vehicle (HEV)

Applications Covered:
• HVAC System
• Engine Control and Cooling System
• Safety and Security
• Body Control and Interiors
• Fuel and Emission Control
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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About Stratistics MRC
We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.
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Organization: Stratistics Market Research Consulting Pvt Ltd

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