The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global automotive solenoid market size grew from $4.25 billion in 2022 to $4.65 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The market size of the automotive solenoid is expected to grow to $6.65 billion in 2027 at a CAGR of 9.4%.

The rising automation in vehicles is expected to propel the growth of the automotive solenoid market, thus driving the market during the forecast period.

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Major Market Players in the automotive solenoid market include Robert Bosch GmbH, Mitsubishi Electric Corporation, Johnson Electric, BorgWarner, Hitachi Ltd., Continental AG, Mahle GmbH

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. For instance, in 2021, Danfoss, a provider of advanced engineering products, developed new EVT solenoid valves for CO2 systems up to 140 bars.

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Global Automotive Solenoid Market Segments Include:
1) By Function: Fluid Control, Gas Control, Motion Control
2) By Protocol: Direct Acting, Manual Reset, Pilot Operated
3) By Vehicle Type: Passenger Cars, Commercial Vehicles
4) By Application: Engine Control and Cooling System, Fuel and Emission Control, Safety and Security, Body Control and Interiors, HVAC, Other Applications
5) By Valve Design: 2-Way Valve, 3-Way Valve, 4-Way Valve, 5-Way Valve

The Automotive Solenoid Global Market Report 2023  provides an overview of the automotive solenoid market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The automotive solenoid market forecast analyzes automotive solenoid market size, automotive solenoid market share, leading competitor and their market positions.

The automotive solenoid 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.

The Table Of Content For The Automotive Solenoid Market Include:
1. Automotive Solenoid Market Executive Summary
2. Automotive Solenoid Market Segments
3. Automotive Solenoid Market Size And Automotive Solenoid Market Growth Rate
4. Key Automotive Solenoid Market Trends
5. Major Automotive Solenoid Market Drivers
……
25. Key Mergers And Acquisitions In The Automotive Solenoid Market
26. Top Automotive Solenoid Companies
27. Automotive Solenoid Market Opportunities And Strategies
28. Automotive Solenoid Market, Conclusions And Recommendations
29. Appendix

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