Automotive Solenoid Valve Market - Forecast(2021 - 2026)

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Automotive Solenoid Valve MarketMarket size,
Industry outlook, Market Forecast, Demand
Analysis, Market Share, Market Report 2021-2026
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• The global Automotive Solenoid Valve Market is
  estimated to surpass 6.5 billion mark by
  2026 growing at an estimated CAGR of more
  than 6.9 during the forecast period 2021 to
  2026. 
• Automotive solenoid valves are electromechanically
  controlled valves. These valves control the rate
  of flow of air or fluid in systems and motors in
  automobiles. Solenoids are devices that convert
  electrical energy into mechanical energy,
  creating a magnetic reaction, this occurs when
  electric current makes its way through the wire
  in the solenoid. These are usually used to
  hydraulic systems and power fluid. 

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• Key Takeaways
• Pursuing more energy-efficient, convenient, and
  high-tech products with user-friendly design has
  always been the general direction of valve
  development. On the basis of minimizing the
  energy consumption, reducing the fluid flow
  resistance and decreasing the consumption during
  the using process have always added value. In the
  energy-saving, the focus is the electric device.
• One of the prominent trends that the market is
  witnessing are development of  Hybrid electric
  vehicle (HEV) and electric vehicle (EV) are
  increasing, development of new solenoid valves
  such as micro-miniature valves customized valves
  and pinch valves are gaining prominence.

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Automotive Solenoid Valve Market Segment Analysis
- By Vehicle Type The passenger vehicles sector
dominates the Automotive Solenoid Valve market
driven by significant adoption in luxury and high
end vehicles. Key drivers for Automotive Solenoid
Valve segment were the increase in the number of
electronic components used in cars and the
increase in demand for automotive safety systems.
From the last decades the increasing use of
electrical components in the engine and gearbox
compartment is projected to increase demand for
Automotive Solenoid Valves over the forecast
period. This is especially prevalent in
Commercial vehicles where the number of
electronic components is rising at a significant
rate. 
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• Automotive Solenoid Valve Market Industry
  Outlook 
• Robert Bosch GmbH
• Hitachi Ltd
• Mitsubishi Electric Corporation
• Continental AG
• Johnson Electric Holding
• BorgWarne
• ASCO Valve
• Norgren
• Curtiss Wright
• Danfoss

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Automotive Solenoid Valve Market - Forecast(2021
- 2026) Learn More About the Report _at_
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e-solenoid-valves-market-research-analysis-report.
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• You Can Customize the Report as Per Your Need.
  We have included Some Customization Options
• Company Profile
• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
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