Latching Solenoid Market
Latching Solenoid Market Scope: Industry Analysis,
Market Size, Growth, Trends Till 2031
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Latching Solenoid Market Size and Growth
The Latching Solenoid market is experiencing significant growth, driven by increasing automation and demand in various sectors. As of 2023, the market size is estimated to be around $XXX million, with a projected CAGR of XX% through 2030. Key trends include advancements in technology and expanding applications in automotive and industrial systems. Request Sample Report
Companies Covered
(Covid 19 Impact Covered)
◍ Johnson Electric
◍ TDS
◍ Magnet Schultz Ltd
◍ Shindengen
◍ Kendrion
◍ Deltrol Corp
◍ Dongguan Boshun
◍ Curtiss-Wright
◍ NSF Controls
◍ ROSS DECCO
◍ Kelco Industries
◍ Takano
◍ HE & BS Benson Ltd
◍ Takaha Kiko
◍ VYR
◍ BERMAD
The latching solenoid market features key players like Johnson Electric, TDS, and Magnet Schultz Ltd., focusing on innovative designs and applications in automation and control systems. These companies enhance market growth through R&D, strategic partnerships, and expanding product offerings. Sales figures include Johnson Electric at $2.8 billion and Kendrion at $400 million.
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Market Segmentation
By Application
◍ Locks and Safety Products
◍ Home Appliance
◍ Vending Machine
◍ Office Machine
◍ Medical Equipment
◍ Industrial Automation Machine
By Product
◍ Max Stroke Less than 15mm
◍ Max Stroke Between15-30 mm
◍ Max Stroke More than 30mm
◍ Others Request Sample Report
Market Growth
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$ 5.12 Billion
