Global Automotive Solenoid Market: Overview
Solenoid is mainly a coil that is enfolded around a resolutely packed helix. When explained in terms of physical science, it is also a coil whose length is actually greater than its diameter and the coil is enveloped around a metallic core that produces a smooth magnetic field at the time when electric current moves through the solenoid. At several cases, the purpose of solenoids is to restrict the fluctuations in the electric current. It is then instead of electromagnet, it is referred to as an inductor. However, it should be noted that not all electromagnets and inductors are solenoids.
Coming to automotive solenoids, it may be employed for a broad range of purposes such as automatic transmission and for starting the car. A solenoid in automobiles is a crucial piece of the starter and it functions as a sort of contact for power to reach the starter from the respective battery. As the generation of vehicles is expanding at an enduring rate, so is the interest of manufacturers’ solenoids. Another factor that is probably going to pick up force is the utilization of solenoid in the programmed transmission of automobiles. Contemporary programmed transmission autos utilize a water driven liquid under pressure with a specific end goal to change gears. The trend of engine downsizing is also expected to gain traction in the years ahead, thus benefitting the market in return.
Purchase our Premium Research Report At:https://www.transparencymarketresearch.com/checkout.php?rep_id=27458<ype=S
A solenoid is a coil that is wrapped around a firmly packed helix. In physical science, solenoid is a coil, the length of which is considerably larger than its diameter, wrapped round a metallic core that generates an even magnetic field in space when electric current passes through the solenoid. It is a kind of electromagnet, the purpose of which is to produce a meticulous magnetic field. Sometimes the function of solenoids is to inhibit the alterations in the electric current; the solenoid is then called an inductor, and not an electromagnet.However, not all inductors and electromagnets are solenoids.
An automobile solenoid may be used for a variety of purposes including car start and automatic transmission. A solenoid in cars is a vital part of the starter and it works as a kind of liaison for electricity to reach thestarter from the battery. As the production of vehicles are increasing at a steady rate, so is the demand for solenoid. According to OICA, 94,976,569 cars were produced in 2016, a 4.6% rise from the 2015 figures of 90,780,583 cars. Therefore, the automotive solenoid market is likely to gain traction in the coming years owing to the increasing demand for cars.
Another factor that is likely to gain momentum is the use of solenoid in the automatic transmission of cars. Contemporary automatic transmission cars use a hydraulic fluid under pressure in order to change gears. Each time a gear is changed, the car’s computer system activates a solenoid (transmission), which then directs the transmission fluid into the body of the valve in order to employ the right gear. As the need for automatic transmission is increasing around the globe, the market for automotive solenoid is poised to grow at a considerable rate as well.
Get More Press Releases by TMR: https://www.prnewswire.com/news-releases/accepted-benefits-of-increased-vehicle-safety-improved-overall-on-the-road-quality-to-extend-copious-growth-opportunities-for-automotive-digital-key-market-growth-projected-at-outstanding-21-5-cagr-from-2021–2031–tmr-301313826.html
The global automotive solenoid market is segmented on the basis of function, vehicle type, application, and geography. By function, the market is segregated into fluid control, gas control, and motion control. The motion control segment in the global automotive solenoid market owing to the growing prevalence of automation of body control applications in a vehicle. In terms of vehicle type, the market can be divided into passenger vehicles, commercial vehicles, and electric vehicles. The passenger vehicles segment accounted for the maximum market share of the market in 2016 owing to high number of passenger vehicles and in every vehicle, automotive solenoids are used. The electric vehicle segment is likely to as the use of solenoid in electric vehicles cars is gaining momentum owing to high number of solenoids being used per car. Based on application, the market is classified into engine control and cooling system, fuel and emission control, body control and interiors, HVAC system, safety and security, others. The body control and interiors sectorheld the maximum market share in 2016 owing to its varied applications in all passenger vehicle as well as commercial vehicles and the incorporation of the same from the manufacturers’ end.
In terms of geography, the global automotive solenoidmarketcan be segmented into North America, Europe, Asia Pacific, Latin America,and Middle East &Africa.Asia Pacific is likely to dominate the global market during the forecast period. The region consistsof some of the major developing countries including India,China, and South Korea. This has resulted intoa rise in automotive solenoid volumes, with original equipment manufacturers catering to both domestic and overseas demand.
Are you a start-up willing to make it big in the business? Grab an exclusive, PDF Brochure of this report
Key players operating in the global automotive solenoidmarketinclude Continental AG (Germany), Hitachi Ltd. (Japan), Robert Bosch GmbH (Germany), Delphi Automotive PLC (U.K.), Mitsubishi Electric Corporation (Japan), Johnson Electric Holding (China), and BorgWarner (U.S.)
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
Transparency Market Research
90 State Street, Suite 700,
Albany NY – 12207,
Tel: +1-518-618-1030 Email: [email protected]