Automotive Solenoid Market .pdf
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Automotive Solenoid Market share research by
applications and regions for 2017-2024: Global
Market Insights Inc.
This Automotive Solenoid Market report is an exhaustive research on companies
active in Automotive Solenoid sector, its applications, products, end-users, trends
and predictions on how the market will grow in coming years. 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
Increasing population in India and China has augmented product demand.
Advancement in infrastructure and growing consumer sentiments have driven
demand for automobiles and anticipated to fuel automotive solenoid market.
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
The variation in automobiles sales with fluctuating economies may challenge its
growth. Their use in automobiles increases the overall cost but have greater
advantage that gives an overall positive outlook for product demand. Passenger cars
have major share with growing need of personal cars and cabs.
Engine control systems are attractive segment with its requirement in almost all the
vehicles and growing automation. Stringent regulations regarding vehicular
emissions for diesel engines shall motivate its employment in fuel & emission control
that filters fuel and checks particulate present in exhaust. Further, rise in demand for
air conditioners in automobiles shall propel cooling and HVAC system.
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.
Automotive solenoid market is fragmented with presence of many regional players in
the industry. Prominent players include Robert Bosch, Mitsubishi Electric, Denso
Corporation, Husco International, Lockcraft, TLX Technologies, Nidec Corporation,
Kendrion, Hitachi, Delphi, BorgWarner and Johnson Electric Holding.
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