Solenoid Valve Market Analysis - Global Industry Size, Share, Trends and Forecast, 2014 - 2024

Category : Automotive, Transportation and Logistics | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC296

Solenoid valve refers to a mechanical device which involves the use of solenoid to achieve control on activation of the valve. In solenoid valve, the electric current is passed through a solenoid channel. Solenoid valves are globally considered as electromechanically operated valves and are widely used for controlling the flow of gas or liquid. Solenoid valves are most popularly used in fluidic applications as control elements. Solenoid valves perform several important tasks such as shut-off, release, distribute or mix fluids and gases. Solenoid valves involves the use of solenoid which offers various advantages such as safe and fast switching, high reliability, compact design, extended service life and low control power. The global solenoid valve market is growing at a rapid pace and is anticipated to witness a significant amount of growth over the forecast period. In addition, constant evolution in the global solenoid valve market, in terms of new product development and product innovations, is leading to the overall development of new and advanced technologies. Solenoid valves are most commonly used in hydraulic and fluid power pneumatic systems in order to achieve control on large industrial valves or fluid power motors. Furthermore, solenoid valves are also being used in automatic irrigation water sprinkler systems. Also, dishwashers and washing machines also employ the use of solenoid valves in order to gain control on the flow of water into the machine.

Various factors which are involved in driving the growth of global solenoid valve market include increasing number of end-use applications of solenoid valves in several industrial sectors coupled with lower price of a solenoid valve as compared to other traditional valves. Moreover, low power consumption of solenoid valves is another major factor anticipated to accelerate the growth of global solenoid valve market over the forecast period. Furthermore, increasing developments in the solenoid valves as well as introduction of new solenoid valves such as pinch valves, customized valves, and micro-miniature valves escalates the overall growth of global solenoid valve market.

The solenoid valve market is segmented by material, design type, industry vertical and region. On the basis of material, the global solenoid valve market can be segmented into stainless steel, brass, aluminum and others. By design type, the global solenoid valve market can be segmented into 2 way, 3 way, 4 way and 5 way. By industry vertical, the global solenoid valve market can be segmented into chemical & petrochemical, oil & gas, water & waste water, food & beverages, pharmaceuticals, power generation, automotive, medical and others. On the basis of region, the global solenoid valve market can be segmented into North America, Latin America, Europe, Middle East & Africa (MEA) and Asia-Pacific. The robust demand in Asia-Pacific is expected to be the major driving factor for the growth of solenoid valve market, globally. China is analyzed to lead the demand for solenoid valves owing to the increased industrial production in the past 3–4 years. Country is also the leading consumer of solenoid valves in the world. The markets in other emerging economies such as Brazil and India are also projected to grow rapidly.

Some of the players in global solenoid valve market include Danfoss A/S, Asco Valve, Inc., CKD Corporation, SMC Corporation of America, Christian Bürkert GmbH & Co. KG, IMI plc Company, ODE s.r.l., GSR Ventiltechnik GmbH & Co. KG, Kaneko Sangyo Co., Ltd, Ningbo Mailing Pneumatic Co., Ltd., CEME S.p.A., Takasago Electric Industry Co., Ltd. and Parker Hannifin Corp. among others.

Market Segmentation

Market by Material

·         Stainless steel

·         Brass

·         Aluminum

·         Others

Market by Design Type

·         2 way

·         3 way

·         4 way

·         5 way

Market by Industry Vertical

·         Chemical & petrochemical

·         Oil & gas

·         Water & waste water

·         Food & beverages

·         Pharmaceuticals

·         Power generation

·         Automotive

·         Medical

·         Others

Market by Geography

·         North America

o   US

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Philippines

o   Rest of Asia-Pacific

·         Latin America

o    Brazil

o   Chile

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA


Related Reports

Car Rental Market (By Booking Type: Online Access, Offline Access; By Application Type: Leisure/Tourism and Business; By Vehicle Type: Economy/Budget Cars, Luxury/Premium Car) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

The global car rental market size is expected to reach over USD 187.5 billion by 2026 and is expected to grow at a CAGR of 13.7% during the forecast period, 2019–2026. During last few years, the trend of the car and automotive buying has changed the scenario. Rental cars have got the traction during last few years. Car rental service provides car and automobiles on rent for limited and small

Electric Vehicle Market (By Type: Battery Electric Vehicle, Hybrid Electric Vehicle, and Plug-in Hybrid Electric Vehicle; By Application: Two-Wheeler, Passenger Cars, and Commercial Cars) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

The global electric vehicle market is expected to grow at CAGR 25.6% during the forecast period, 2019-2026 and will reach over USD 568.2 Billion by 2026. Electric vehicle also knows as electric motor or EV, is a vehicle that uses electric motor for propulsion. Some of the common electric vehicles are electric car, electric truck, electric train, electric airplanes, electric lorries, electric boats,

Electric Vehicle Charging Station Market (By Type of Charger: AC Charging Station and DC Charging Station; By Power Output: <11 kW, 11kW-50 kW, >50 kW; By End Use: Private Type and Public Type; By Supplier Type: OE Charging Station and Private Charging Station) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

The global electric vehicle charging station market is expected to grow at CAGR 40.5% during the forecast period, 2019-2026 and will reach over USD 30.8 Billion by 2026. Electric vehicle charging stations is known with multiple names including electric vehicle charging point, electric recharging point is an infrastructural point that is known for supplying electric energy to the electric vehicle. T

Automotive OLED Market (By Location: Interior OLEDs, exterior OLEDs; By Structure: Transparent OLEDs, Graded Hetero-Junction OLEDs, Stacked OLEDs, Inverted OLEDs; By Vehicles Type: Passenger Vehicles (PV), Commercial Vehicles (CV)) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global automotive OLED market size is expected to reach over USD 5.1 billion by 2026 and is expected to grow at CAGR 16.5% during the forecast period, 2019-2026. Automotive OLED (Organic Light-Emitting Diode) is the film of organic compound that emits light in response to an electric current. It is an advanced type of the automotive lighting. The global Automotive OLED market is growing at sign

Automotive Filter Market (By Type: Air Filter, Fuel Filter, Oil Filter, Emission Filter; By Sales: OES, OEM, IAM, Aftermarket; By Application: LCV, Passenger Vehicle (PV), HCV, 2-wheeler) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global automotive filter market size is expected to reach over 29.6 USD Billion by 2026 and is expected to grow at a CAGR of 3.5% during the forecast period, 2019–2026. Automotive Filter is used in the filtration of the petrol, oil and air excused in the automotive vehicles. During last few years there is a significant increase in the number of the automotive vehicles across the globe which has boosted the demand for the automotive filter across

Automotive LiDAR Market (By Type: mechanical automotive, solid-state automotive; By Application: robo-taxis, Advanced driver-assistance systems (ADAS), autonomous vehicles) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global automotive LiDAR market size is expected to reach USD 2.9 billion by 2026, at a significant rate of 27.1% during the forecasted period 2019 to 2026. Light Detection and Ranging (LiDAR) is a remote sensing technology that uses light to map an environment. Light reflected from the various objects is detected at the sensor, which in turn helps in measuring the distance between the objects. In today’s world, the LiDAR technology is used in ma

Cart Summary