Automotive solenoid valves are electromechanically controlled valves. These valves control the flow rate of air or fluid in automotive systems and motors.
The global automotive solenoid valve market, is expected to cross the USD 6.5 billion mark and is projected to grow at a CAGR of over 6.9% during the forecast period 2021 to 2026.
Automotive Solenoid Valve Market Analysis by Application
The air intake system is the main application of solenoid valves in the automotive field. A range of solenoid valves are used in motor vehicle systems. They are commonly used to regulate the flow of automotive fluids such as oil, anti-skid brake fluid and even fuel. In some of these functions, variable solenoid valves are often used. It allows controlling the medium without shutting it down completely. A good example is restricting fuel flow to the engine to reduce vehicle speed. Fuel solenoid valves are common in countries with regulations on speed. Other automotive solenoid valves include types used to shut off fuel flow and stop the vehicle, types that automatically drain water from oil separators, and coolant control solenoids in vehicle HVAC systems.
Automotive Solenoid Valve Market Analysis by Vehicle Type
The passenger car industry dominated the automotive solenoid valve market owing to the high adoption of luxury and high-end vehicles. The major driving factors for the automotive solenoid valve segment are the increase in the number of electronic components used in automobiles and the increasing demand for automotive safety systems. Increasing use of electronic components in engine and transmission compartments from the past few decades is expected to increase the demand for automotive solenoid valves over the forecast period. This is especially prevalent in commercial vehicles, where the number of electronic components is increasing at a significant rate.
Automotive Solenoid Valve Market Analysis by Geographical Segmentation
Asia Pacific remains the key market for automotive solenoid valves, driven by the high volume of vehicle production in the region. Despite the impact of Covid-19, China will remain the key market for automotive solenoid valves in Asia Pacific. It is expected that in the medium and long term, the prospect of China's auto sales demand is promising. In the future, China will remain the world's largest auto market, which will directly drive the growth of auto solenoid valves in the Asia-Pacific region. In the automotive industry, solenoid valves are used in critical components such as ignition systems, gearbox drive selectors, air conditioning controls, security systems, etc.

The safety and security application market in the automotive solenoid valve market will be the fastest growing market.