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Starter Solenoids Market Size in 2023, Trends, SWOT analysis, Rapid growth Forecast to 2028

Starter Solenoids Market A starter solenoid (or also called starter relay) is that component in any car which switches a large electric current to the starter motor from the car battery, in response to small control current from the ignition switch, and which in turn sets the engine in motion.
Market Analysis and Insights: Global Starter Solenoids Market
Due to the COVID-19 pandemic, the global Starter Solenoids market size is estimated to be worth USD million in 2023 and is forecast to a readjusted size of USD million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, 24V accounting for % of the Starter Solenoids global market in 2021, is projected to value USD million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Manufacturing Industry segment is altered to an % CAGR throughout this forecast period.
China Starter Solenoids market size is valued at USD million in 2021, while the US and Europe Starter Solenoids are USD million and USD million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Starter Solenoids landscape, Germany is projected to reach USD million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Starter Solenoids include Omron, IDEM Inc, Siemens, Schneider Electric, Schmersal, ABB, KSS, Johnson Electric and Euchner, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Starter Solenoids capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2023, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Starter Solenoids by region (region level and country level), by company, by Type and by Application. from 2017 to 2023 and forecast to 2028.
Global Starter Solenoids Scope and Segment
Starter Solenoids market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Starter Solenoids market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.

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The Major Players in the Industrial Starter Solenoids Market include:

  • Omron
  • IDEM Inc
  • Siemens
  • Schneider Electric
  • Schmersal
  • ABB
  • KSS
  • Johnson Electric
  • Euchner
  • Telemecanique
  • Allen Bradley
  • Banner
  • Pilz
  • Bernstein Safety
  • Mecalectro

By Product Types:

  • 24V
  • 12V

By Applications:

  • Manufacturing Industry
  • Power Industry
  • Construction
  • Others (e.g. Mining,Metallurgy)

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