Automotive Solenoid Market worth $6.2 billion by 2026
CHICAGO, Sept. 9, 2021 /PRNewswire/ — According to the new market research report “Automotive Solenoid Market by Application (Body Control & Interiors, Engine Control & Cooling System, Safety, HVAC), Vehicle Type (PC, LCV, Truck, Bus), EV Type (BEV, PHEV, FCEV), Valve Design, Function, Operation, and Region – Global Forecast to 2026“, published by MarketsandMarkets™, the global Automotive Solenoid Market is estimated to be USD 4.3 billion in 2021 and is projected to grow at a CAGR of 7.3%, to reach USD 6.2 billion by 2026.
The growth of this market is fueled by rising automation in vehicles