Global Solenoid Valves Market By Body Material (Stainless Steel Body Material, Brass Body Material, Aluminum Body Material, Plastic Body Material), Valve Design (2-Way Solenoid Valves, 3-Way Solenoid Valves, 4-Way Solenoid Valves, 5-Way Solenoid Valves), Industry (Oil & Gas, Chemical & Petrochemical, Water & Wastewater, Food & Beverages, Power Generation, Pharmaceutical, Automotive, Medical, Others), Type (Direct Acting, Pilot Operated, Two Way, Three Way, Four Way), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa), Industry Trends and Forecast to 2027
Market Analysis and Insights: Global Solenoid Valves Market
Solenoid valves market is expected to reach USD 5.24 billion by 2027 witnessing market growth at a rate of 3.51% in the forecast period of 2020 to 2027. Data Bridge Market Research report on solenoid valves market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
Solenoid valves are a kind of electromechanical devices which are specially designed so they can be used to manage the flow of the liquid or gas. Their body is usually made of material such as steel body material, brass body material, aluminium body material, plastic body material and others. They are widely used in industries such as oil & gas, chemical & petrochemical, food & beverage, power generation and other.
Rising demand for wastewater treatment industries and increasing adoption of solenoid valves in a wide range of process industries is expected to create new opportunities for the market. Some of the other factors such as growing demand from food & beverage industry, increasing shift towards renewable sources for power generation, rising usage of valve diagnostic system, and growing usage of miniature solenoid valves is expected to drive the solenoid valves market in the forecast period of 2020 to 2027.
Increasing technical problem associated with solenoid valves and rising concern associated with the reliability of solenoid valves is expected to hamper the market growth in the mentioned forecast period.
This 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 localised 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 Data Bridge Market Research solenoid valves market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Solenoid Valves Market Scope and Market Size
Solenoid valves market is segmented on the basis of body material, valve design, industry, and type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of body material, the solenoid valves market is segmented into stainless steel body material, brass body material, aluminum body material and plastic body material.
- Based on valve design, the solenoid valves market is divided into 2-way solenoid valves, 3-way solenoid valves, 4-way solenoid valves and 5-way solenoid valves.
- The industry segment of the solenoid valves market is divided into oil & gas, chemical & petrochemical, water & wastewater, food & beverages, power generation, pharmaceutical, automotive, medical and others.
- Based on type, the solenoid valves market is segmented into direct acting, pilot operated, two way, three way and four way.
Solenoid Valves Market Country Level Analysis
Solenoid valves market is analysed and market size, volume information is provided by body material, valve design, industry, and type as referenced above.
The countries covered in the solenoid valves market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, 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).
North America will dominate the solenoid valves market in the forecast period of 2020 to 2027 while Asia- Pacific is expected to be the fastest growing region due to increasing focus to offer clean water and rising investment in the water treatment plant, which is expected to enhance the market growth in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts 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 Solenoid Valves Market Share Analysis
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, regional presence, 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 solenoid valves market.
The major players covered in the solenoid valves market report are ASCO Valve, Inc., Christian Burkert GmbH & Co. KG, Curtiss-Wright, Danfoss, GSR valve technology GmbH & Co. KG, IMI plc, PARKER HANNIFIN CORP, Rotex Automation, SMC Corporation (India) Pvt. Ltd, The Lee Company, TAKASAGO ELECTRIC, INC., Ceme S.p.A., KANEKO SANGYO CO.,LTD., Uflow Automation India, AIRA EURO AUTOMATION PVT. LTD., Jekon Controls., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Solenoid Valves Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.