Market Overview:
The global open frame solenoids market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for open frame solenoids in various applications, such as industrial, medical, home automation, business machines and others. Additionally, the growing demand for miniaturized and energy-efficient solenoids is also contributing to the growth of this market.
Product Definition:
An open frame solenoid is a solenoid in which the iron core is exposed. This type of solenoid is used when low power consumption or high speed switching are required.
Less Than 10MM:
The global less than 10mm market size was valued at USD 5.0 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growing demand for small-sized connectors, especially in electronics industry, is anticipated to drive the market growth over the forecast period.
The increasing use of open frame solenoids across various applications such as automotive & transportation and consumer electronics are projected to propel industry expansion over the coming years.
10-20MM:
The 10-20MM is a standard internal valve size used in most of the popular solenoids. It has a wide range of applications and can be used with various types of valves including mechanical, electric, diaphragm, and hydraulic. The selection depends on the application as well as type of valve being utilized.
Application Insights:
The home automation segment is expected to emerge as the fastest-growing application segment over the forecast period. The growth can be attributed to increasing demand for smart devices and appliances in the residential sector. Moreover, growing adoption of open frame solenoids in smart homes is further anticipated to fuel industry expansion over the coming years.
The industrial segment held a significant share of revenue in 2017 and is projected to witness steady growth over the next few years owing to rising demand from various industries such as oil & gas, power generation, automotive manufacturing and aerospace & defense applications among others. In addition, presence of key players with advanced production facilities capable of delivering customized products according these customer requirements will drive industry expansion further still.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing industrialization, rising disposable income, and growing investments in automation. China is one of the largest markets for open frame solenoids due to its large population base, low labor costs, easy availability of raw materials such as rare earths and steel etc., high production capacity coupled with mass production techniques at a relatively lower cost compared to other countries.
The North America market was valued at USD X million in 2017 owing to presence of major players along with well-established distribution network for consumer electronics products including home appliances like refrigerators/freezers; washing machines; air conditioners; dishwashers etc. Moreover, rapid technological advancements coupled with increased penetration rates for smart devices such as security systems; HVAC units & fans among others are anticipated fuel regional growth over the forecast period.
Growth Factors:
- Increasing demand for electric vehicles
- Growing demand from the automotive industry
- Rising demand from the industrial sector
- Increasing adoption of solenoid valves in end-user industries
- Technological advancements and innovations
Scope Of The Report
Report Attributes
Report Details
Report Title
Open Frame Solenoids Market Research Report
By Type
Less Than 10MM, 10-20MM, More Than 20MM
By Application
Industrial, Medical, Home Automation, Business Machines, Others
By Companies
Johnson Electric, NSF Controls, Comestero Sistemi SpA, Curtiss-Wright, TAKAHA KIKO Co., Ltd, Geeplus, indEAS, Actronic-Solutions GmbH, TDS Precision Products GmbH, HE&BS Benson Ltd, ZonHen
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Open Frame Solenoids Market Report Segments:
The global Open Frame Solenoids market is segmented on the basis of:
Types
Less Than 10MM, 10-20MM, More Than 20MM
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial, Medical, Home Automation, Business Machines, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Johnson Electric
- NSF Controls
- Comestero Sistemi SpA
- Curtiss-Wright
- TAKAHA KIKO Co., Ltd
- Geeplus
- indEAS
- Actronic-Solutions GmbH
- TDS Precision Products GmbH
- HE&BS Benson Ltd
- ZonHen
Highlights of The Open Frame Solenoids Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Less Than 10MM
- 10-20MM
- More Than 20MM
- By Application:
- Industrial
- Medical
- Home Automation
- Business Machines
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Open Frame Solenoids Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Open frame solenoids are a type of electric motor that uses an open frame to house the coils and magnets. This design allows for more airflow around the coils, which helps to improve performance.
Some of the key players operating in the open frame solenoids market are Johnson Electric, NSF Controls, Comestero Sistemi SpA, Curtiss-Wright, TAKAHA KIKO Co., Ltd, Geeplus, indEAS, Actronic-Solutions GmbH, TDS Precision Products GmbH, HE&BS Benson Ltd, ZonHen.
The open frame solenoids market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Open Frame Solenoids Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Open Frame Solenoids Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Open Frame Solenoids Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Open Frame Solenoids Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Open Frame Solenoids Market Size & Forecast, 2020-2028
4.5.1 Open Frame Solenoids Market Size and Y-o-Y Growth
4.5.2 Open Frame Solenoids Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Less Than 10MM
5.2.2 10-20MM
5.2.3 More Than 20MM
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Medical
6.2.3 Home Automation
6.2.4 Business Machines
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Open Frame Solenoids Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Open Frame Solenoids Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Less Than 10MM
9.6.2 10-20MM
9.6.3 More Than 20MM
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Medical
9.10.3 Home Automation
9.10.4 Business Machines
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Less Than 10MM
10.6.2 10-20MM
10.6.3 More Than 20MM
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Medical
10.10.3 Home Automation
10.10.4 Business Machines
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Less Than 10MM
11.6.2 10-20MM
11.6.3 More Than 20MM
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Medical
11.10.3 Home Automation
11.10.4 Business Machines
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Less Than 10MM
12.6.2 10-20MM
12.6.3 More Than 20MM
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Medical
12.10.3 Home Automation
12.10.4 Business Machines
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Less Than 10MM
13.6.2 10-20MM
13.6.3 More Than 20MM
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Medical
13.10.3 Home Automation
13.10.4 Business Machines
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Open Frame Solenoids Market: Competitive Dashboard
14.2 Global Open Frame Solenoids Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Johnson Electric
14.3.2 NSF Controls
14.3.3 Comestero Sistemi SpA
14.3.4 Curtiss-Wright
14.3.5 TAKAHA KIKO Co., Ltd
14.3.6 Geeplus
14.3.7 indEAS
14.3.8 Actronic-Solutions GmbH
14.3.9 TDS Precision Products GmbH
14.3.10 HE&BS Benson Ltd
14.3.11 ZonHen
