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

Global Brass 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.

Brass Solenoid Valves Market Analysis and Size

The brass solenoid valves market is being driven by rising demand for valves from the pharmaceutical industry as a result of the COVID-19 pandemic, a growing focus on the development of smart cities globally, a growing need for connected networks to maintain and monitor industrial equipment, and a surge in the requirement for establishing new nuclear power plants and revamping existing ones.

Data Bridge Market Research analyses that the brass solenoid valves market was valued at USD 1.21 billion in 2021 and is expected to reach the value of USD 1.63 billion by 2029, at a CAGR of 3.80% 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.

Brass Solenoid Valves Market Scope and Segmentation

Market Definition

This brass solenoid valve is a direct acting valve, which means that no pressure is required to operate it with a variety of fluids such as fuels, oils, and water. As a normally closed solenoid valve, fluid flow is stopped until the valve is activated. When the electrical current running through the coil inside the valve is activated, the valve opens and allows liquid to flow through the pipework. This brass solenoid valve is thus intended for applications where fluid must be released only on occasion, such as when feeding a generator with diesel from a backup storage tank. It could also be wired into a pump ensuring that fuel only enters the pipework from the tank when the pump

Drivers

Efficiency in operations with lower low energy consumptions

In recent years, solenoid valve technology has altered the landscape of shutdown valves. Modern designs provide robust and long-lasting performance for process heating systems, assisting with safety and regulatory compliance while increasing efficiency and productivity. To meet rising environmental, cost, and safety demands, North American oil and gas companies are replacing pneumatically operated shutoff valves with solenoid-based shutoff valves. Solenoid shutdown valves offer a number of benefits, including compliance with safety regulations, environmental responsibility by not venting gas into the atmosphere, and more efficient operation with lower energy consumption and increased equipment uptime.

High prevalence of nuclear power plants

Rising water and power demand, pollution control regulations, and the rapid growth of process industries are just a few of the factors driving the brass solenoid valve market. During the assessment period, these factors are expected to accelerate the growth of the brass solenoid valve industry. Due to the increased construction of nuclear power plants, the market is expanding. The global market is being propelled forward by an increase in accidental incidents and soaring demand for brass solenoid valves in a variety of industrial sectors.

Opportunity

Investments in power generation plants

As solenoid valves are critical components of the power generation industry, increased investment in increasing power generation capacity will be a market driving factor. Furthermore, the drop in oil and gas prices, as well as the increased decommissioning of thermal power generation plants, are having a significant impact on the solenoid valves market.

Growth in wastewater treatment industries

Furthermore, the growing demand for wastewater treatment industries, as well as the increasing adoption of solenoid valves in a variety of process industries, are creating ample opportunities for the growth of the brass solenoid valves market during the forecast period.

Restraints

Socio-economic factors are challenging market growth

The major challenges of the brass solenoid valves market are various environmental, economic, political, and social factors that influence the price of solenoid valves as well as their reliability. During the forecast period, the brass 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 brass 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 brass 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 Brass Solenoid Valves Market

The solenoid valve market has suffered losses in the early months of the COVID-19 due to lower end-user demand. The valves are mostly used in the food and automotive industries. Due to the pandemic, governments have declared all businesses closed or reduced their operating hours, with the exception of essential services. Several industries, including automotive production and sales, have also experienced declines in 2020. In addition, solenoid valves are widely used in the oil and gas industry. The COVID-19 outbreak has reduced crude oil demand and prices, negatively impacting the market. According to the International Energy Agency, shutdowns in response to COVID-19 reduced global oil demand by 30 million barrels per day. Rising supply, falling demand, and limited storage space all contributed to the sharp drop in crude petroleum prices. From January to April, the producer price index for crude petroleum fell 71.0%.

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 Brass Solenoid Valves Market Scope

The brass solenoid valves market is segmented on the basis of 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.

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

Brass Solenoid Valves Market Regional Analysis/Insights

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

The countries covered in the brass 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 dominates the solenoid valves market and will continue to do so because of the presence of major key players in this region.

Asia-Pacific, on the other hand, is expected to have the highest growth rate during the forecast period due to increased investment in water treatment plants and a growing emphasis in this region on providing clean water.

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 Brass Solenoid Valves Market Share Analysis

The brass 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 brass solenoid valves market.

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

• Emerson Electric Co (U.S.)
• Schlumberger Limited (U.S.)
• General Electric (U.S.)
• 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),