Learn about the global automotive solenoid market through The Business Research Company, which provides information on automotive solenoid market size, automotive solenoid market drivers and restraints, automotive solenoid market players, the COVID-19 impact on the automotive solenoid market, and more.

The global automotive solenoid market size is expected to grow from $3.91 billion in 2021 to $4.18 billion in 2022 at a compound annual growth rate (CAGR) of 6.94%. The global automotive solenoids market size is expected to grow to $5.65 billion in 2026 at a CAGR of 7.81%.

The rising automation in vehicles is expected to propel the growth of the automotive solenoid market.

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The automotive solenoid market consists of sales of automotive solenoids by entities (organizations, sole traders, and partnerships) that are positioned between the engine and ignition module of the vehicle and are one of the responsible components for starting the vehicle. Automotive solenoids operate by receiving small electrical currents from the ignition system and large electrical currents from the battery, which is used to start the engine.

Global Automotive Solenoid Market Segments Include:

By Function: Fluid Control, Gas Control, Motion Control

By Protocol: Direct Acting, Manual Reset, Pilot Operated

By Vehicle Type: Passenger Cars, Commercial Vehicles

By Application: Engine Control and Cooling System, Fuel and Emission Control, Safety and Security, Body Control and Interiors, HVAC, Other

By Valve Design: 2-Way Valve, 3-Way Valve, 4-Way Valve, 5-Way Valve

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific was the largest region in the automotive solenoid market in 2021.

Product innovations are a key trend gaining popularity in the automotive solenoid market. Product innovation is the creation or introduction of a new good or launching the improved version of a previous good.

TBRC’s Automotive Solenoid Market Report Covers:

Major Market Players: Robert Bosch GmbH, Mitsubishi Electric Corporation, Johnson Electric, BorgWarner, Hitachi Ltd, Continental AG, Mahle GmbH, ASCO Valve, Norgren, Danfoss, Delphi Automotive PLC, Denso Corporation, Zf Friedrichshafen Ag, Nidec Corporation, Schaeffler Ag, Rheinmetall Automotive, Hitachi Astemo, Stoneridge Inc, Tlx Technologies, Gideon Automotive Industries, Kendrion, Mzw Motor, Bicolex, Zonhen Electric Appliances, Padmini Vna Mechatronics, and Jaksa.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Automotive Solenoid Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides automotive solenoid market overviews, analyzes and forecasts market size, share, automotive solenoid market players, automotive solenoid market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s automotive solenoid market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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