|
|
(Transportation-News.com, March 09, 2019 ) According to the new market research report "Automotive Solenoid Market by Application (Body Control & Interiors, Engine Control & Cooling System), Vehicle Type (PC, LCV, HCV), Electric Vehicle Type (BEV, HEV, PHEV, FCEV), Valve Design, Function and Region - Global Forecast to 2022", published by MarketsandMarkets™, The automotive solenoid market is estimated to be USD 4.13 billion in 2017 and is projected to reach USD 6.30 billion by 2022, at a CAGR of 8.82%. The growth can be attributed to the global vehicle production of 94.9 million units in 2016, as compared to 90.8 million units in 2015, which directly led to a global increase in the automotive solenoid market. The automotive solenoid market may be affected by the low preference for diesel passenger cars globally, which creates restraints for the automotive solenoids used in waste gate, VGT, and EGR.
Get Free 10% customization @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=145703142
Browse and in-depth TOC on "Automotive Solenoid Market"
86 - Tables
50 - Figures
171 - Pages
“The Fuel and Emission Control application market in automotive solenoid market to be the fastest growing market”
The Fuel and Emission Control application market in the global automotive solenoid market is estimated to be the largest, primarily due to growing government regulations for fuel-efficient vehicles in developing nations.
“Body Control and Interiors segment to hold the largest share in the automotive solenoid market, by application type”
The body control and interiors application is estimated to account for the largest share in the global automotive solenoid market. This application is used in all passenger and commercial vehicles (CV) as well as electric vehicles, unlike some applications that may or may not be used in electric vehicles. For example, engine control valves are not used in a battery electric vehicle (BEV) for the engine control application.
Major players profiled in the report are:
• Robert Bosch GmbH (Germany)
• Hitachi Ltd. (Japan)
• Mitsubishi Electric Corporation (Japan)
• Continental AG (Germany)
• Johnson Electric Holding (China)
• BorgWarner (U.S.)
• Delphi Automotive PLC (U.K.)
“Asia Pacific market plays a key role in the growth of the automotive solenoid market”
The Asia-Pacific region consists of major automotive vehicle manufacturing companies in countries such as China, Japan, India, and South Korea, which supports the growth of the automotive solenoid market. The Asia-Pacific region is estimated to be the fastest growing market, by volume, for the automotive solenoid market in 2017. The region has manufacturers such as Hitachi Ltd. (Japan), Mitsubishi Electric Corporation (Japan), Nidec Corporation (Japan), Padmini VNA Mechatronics Pvt Ltd (India), Johnson Electric Holdings Ltd. (China), and Global Point Magnetics Asia Co. Ltd. (China).
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=145703142
Browse Related Reports:
Brake Systems Market by Type (Disc & Drum), Electronic Brake System (ABS, TCS, ESC, & EBD), Off-Highway Vehicles (Construction & Agriculture), Vehicle Type (Passenger Car, Light & Heavy Commercial Vehicle), and Region - Global Forecast to 2021
Car Door Latch Market by Application (Side Door Latch, Hood Latch, Tailgate Latch, and Back Seat Latch), Lock Type (Electronic and Non-Electronic), Vehicle Type (Passenger Car and Light Commercial Vehicle) and Region - Global Forecast to 2021
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/automotive-solenoid-market.asp
Visit Our Website: https://www.marketsandmarkets.com
MarketsandMarkets
Mr. Shelly Singh
1-888-600-6441
sales@marketsandmarkets.com
Source: EmailWire.Com 
Source: EmailWire.com
|
