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Global Aluminium Solenoid Valves Market – Industry Trends and Forecast to 2029

Semiconductors and Electronics

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Global Aluminium Solenoid Valves Market – Industry Trends and Forecast to 2029

  • Semiconductors and Electronics
  • Upcoming Report
  • Oct 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Aluminium Solenoid Valves Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 542.30 Million
Diagram Market Size (Forecast Year) USD 736.49 Million
Diagram CAGR %

Major Markets Players

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Global Aluminium Solenoid Valves Market, By Type (2 Way, 3 Way, 4 Way, 5 Way), Operating Type (Direct, Semi-Direct, Indirect), End User (Chemical and Petrochemical, Water and Wastewater, Automotive, Medical, Pharmaceutical, Power Generation, Food and Beverages) – Industry Trends and Forecast to 2029.

Aluminium Solenoid Valves Market

Aluminium Solenoid Valves Market Analysis and Size

Over the last few years, global demand for solenoid valves has steadily increased. Solenoid valves are popular due to their simple system, low cost, and quick action, such as opening and closing in milliseconds. Due to its automation control systems, it is gaining popularity especially in the developing economies. The water treatment and beverage industries, as well as renewable energy-based projects, are two major determinants for the market.

Data Bridge Market Research analyses that the aluminium solenoid valves market was valued at USD 542.3 million in 2021 and is expected to reach the value of USD 736.49 million by 2029, at a CAGR of 3.90% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Aluminium Solenoid Valves Market Scope and Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD million, Volumes in Units, Pricing in USD

Segments Covered

Type (2 Way, 3 Way, 4 Way, 5 Way),  Operating Type (Direct, Semi-Direct, Indirect), End User (Chemical and Petrochemical, Water and Wastewater, Automotive, Medical, Pharmaceutical, Power Generation, Food and Beverages),

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

CEME S.p.A. (Italy), CKD Corporation (Japan), ODE S.r.l. (Italy), KANEKO SANGYO Co., Ltd. (Japan), Takasago Electric Industry Co., Ltd. (Japan) Curtiss-wright Corporation (U.S.), ALFA LAVAL (Sweden), IMI plc (U.K.), LESER GmbH & Co.KG (Germany), The Weir Group PLC (Scotland), Forbes Marshall (India), Bosch Rexroth AG (Germany), Spirax Sarco Limited (U.K)., Danfoss A/S (Denmark), GSR Ventiltechnik GmbH & Co. KG (Germany), ASCO Valve, Inc. (U.S.), Christian Bürkert GmbH & Co. KG (Germany), KANEKO SANGYO Co., Ltd. (Japan)

Market Opportunities

  • Rising innovation and development of new solenoid valves
  • The growing demand for wastewater treatment industries

Market Definition

Solenoid valves are electronic valves that consist of a solenoid. A solenoid is an electric coil with a movable ferromagnetic core in the centre. The electric current flowing through this coil generates a magnetic field, which pulls the core upward and opens the orifice. Generally, these are used for automatic fluid control. Their bodies can be made of brass, stainless steel, aluminium, plastic, or a variety of other materials. These valves perform a variety of functions, including releasing, turning on or off, mixing, and distributing fluids and gases. Solenoid valves have many advantages, including dependability, an immediate and reliable switching mechanism, a long lifetime, a compact design, and low control power.

Drivers

  • High demand in food handling applications is a determinant

Many food handling applications use food grade solenoid valves and solenoid valve manifolds, particularly in beverage dispensing machines. Food-grade seals and valve body materials are required for unaltered beverage taste. As solenoid valves are designed to withstand extreme temperatures, humidity, and corrosive conditions, they are the most popular valves in the food and beverage industries. Due to its contaminant resistance, aluminium is used to make these valves in order for them to last a long time.

  • Growing usability in consumer electronic devices

Along with these applications, solenoid valves are used in washing machines, dish washers, and other similar appliances as a water flow controller. Electric solenoid valves are used to remotely turn on or off valves that are physically difficult to approach. These valves can only be kept completely open or closed and cannot be used for partial flow control. The building material of these valves varies depending on the type of fluid allowed to pass through them. Brass, bronze, plastic, and nylon are among the materials used. Furthermore, valves made of metals such as aluminium are preferred for controlling the flow of gaseous elements. These valves are lightweight and have a shorter life span than others.

Opportunities

  • Innovation and development of new solenoid valves

Opportunities for the global aluminium solenoid valves market include rising innovation and development of new solenoid valves, as well as the growing importance of providing safe drinking water.

Restraints

  • Socio-economic factors are challenging market growth

The major challenges of the aluminium solenoid valves market are various environmental, economic, political, and social factors that influence the price of solenoid valves as well as their reliability.

  • Technical issues

During the forecast period, the aluminium solenoid valves market is expected to be hampered by irregular power supply, technical issues associated with solenoid valves rough pressure, and other budgetary factors.

This aluminium solenoid valves market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the aluminium solenoid valves market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Aluminium Solenoid Valves Market

These valves are widely used in the food processing industry in two forms: direct contact valves and utility service valves. Because of the COVID-19 pandemic, governments imposed lockdowns and closed down all businesses except those providing essential goods and services. The market's growth is being hampered by the need for processed food during the lockdown. Additional precautions have been taken, including maintaining social distance, hand sanitising, and using gloves for food safety during the pandemic. In addition, solenoid valves are widely used in the oil and gas industry. The COVID-19 virus outbreak in China, as well as its continued spread in other countries around the world, has reduced crude oil demand and prices.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures

Global Aluminium Solenoid Valves Market Scope

The aluminium solenoid valves market is segmented on the basis of design type, operating type and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Design Type

  • 2 Way
  • 3 Way
  • 4 Way
  • 5 Way

Operating Type

  • Direct
  • Semi-Direct
  • Indirect

End user

  • Water and Wastewater
  • Chemical and Petrochemical
  • Automotive
  • Medical
  • Pharmaceutical
  • Power Generation
  • Food and Beverages

Aluminium Solenoid Valve Market Regional Analysis/Insights

The aluminium solenoid valves market is analysed and market size insights and trends are provided by country, design type, operating type and end user as referenced above.

The countries covered in the aluminium solenoid valves market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominated the global aluminium solenoid valves market and is expected to continue to do so throughout the forecast period. This expansion can be attributed to the growing demand for safe and sanitary water supply, which is increasing demand for water treatment plants and, as a result, the solenoid valves market.

The market in Asia-Pacific is expected to grow at the fastest rate during the forecast period. This is due to the increasing use of solenoid valves for domestic purposes, as well as the deployment of automation technologies to upgrade their facilities.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Aluminium Solenoid Valve Market Share Analysis

The aluminium solenoid valves market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to aluminium solenoid valves market.

Some of the major players operating in the aluminium solenoid valves market are:

  • CEME S.p.A. (Italy)
  • CKD Corporation (Japan)
  • ODE S.r.l. (Italy)
  • KANEKO SANGYO Co., Ltd. (Japan)
  • Takasago Electric Industry Co., Ltd. (Japan)
  • Curtiss-wright Corporation (U.S.)
  • ALFA LAVAL (Sweden)
  • IMI plc (U.K.)
  • LESER GmbH & Co.KG (Germany)
  • The Weir Group PLC (Scotland)
  • Forbes Marshall (India)
  • Bosch Rexroth AG (Germany)
  • Spirax Sarco Limited (U.K.)
  • Danfoss A/S (Denmark)
  • GSR Ventiltechnik GmbH & Co. KG (Germany)
  • ASCO Valve, Inc. (U.S.)
  • Christian Bürkert GmbH & Co. KG (Germany)
  • KANEKO SANGYO Co., Ltd. (Japan),


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FREQUENTLY ASK QUESTIONS

The current market value is USD 542.3 million in 2021.
The market is expected to grow at a rate of market is 3.90% during the forecast period of 2022 to 2029.
North America dominated the aluminum solenoid valves market and is expected to continue to do so throughout the forecast period.
The country data covering the report U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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