Automotive Solenoid Market

Automotive Solenoid Market: Global Industry Analysis 2012 - 2016 and Opportunity Assessment; 2017 - 2027

Market Insights on Automotive Solenoid covering sales outlook, demand forecast and up-to-date key trends

Automotive Solenoid Market Overview

A Solenoid is a coil of wire wound around a metal core. In a world where Automation is gaining importance in our day-to-day lives at a fast pace, Solenoids help us achieve ‘Automation’ in different applications. When we give electric current at one end of the solenoid, it generates a magnetic field and this magnetic field can control things like air pressure, locks or water pressure.

Automotive Solenoids find applications in different sectors like the Automobile industry, Medical Systems or Lock mechanisms, to name a few. The most popular application of Automotive Solenoids is on the devices like Joystick used for the purpose of games. Automotive Solenoid market is expected to grow at a moderate CAGR in 2017

Automotive Solenoid Market: Drivers and Restraints

As the demand for automation is increasing, so should the production of Automotive Solenoids. Laws for fuel-efficient vehicles are being brought into action by different countries. This may drive the growth of Automotive Solenoid Market. Earlier machines had big engines.

But as the size of engines is decreasing (a concept popularly known as ‘Engine Downsizing Trend’), the demand for Automotive Solenoids is increasing. The fuel and emission control application market in the Automotive Solenoid Market is expected to grow at the significantly high pace.

Use of Automotive Solenoids may be restrained in diesel passenger cars because of their low popularity globally. The dominance of Continental AG in Automotive Solenoid OE market, as well as aftermarket, may affect other key players of the Automotive Solenoid Market.

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Automotive Solenoid Market: Regional Overview

Asia Pacific market is the leading automotive solenoid market, in terms of value. This is because major Automotive Solenoid producing companies lie in the Asia Pacific region, more specifically countries like Korea, Japan, China and India.

Automotive Solenoid Market: Key players

Few of the major players of Automotive Solenoid Market identified are:-

Robert Bosch GmbH (Germany)
Padmini VNA Mechatronics Pvt Ltd (India)
Hitachi Ltd. (Japan)
Mitsubishi Electric Corporation (Japan)
Nidec Corporation (Japan)
Continental AG (Germany)
Global Point Magnetics Asia Co. Ltd. (China)
Johnson Electric Holding (China)
BorgWarner (U.S.)
Delphi Automotive PLC (U.K.)

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

Nikhil Kaitwade

Principal Consultant

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The report covers exhaustive analysis on

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes

North America (U.S., Canada)
Latin America (Mexico, Brazil and Rest of Latin America)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
Eastern Europe (Poland, Russia and Rest of Eastern Europe)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, and Rest of MEA)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.