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

Dump Truck Market (By Type: Rear dump trucks, Bottom dump trucks, Lube trucks, Tow trucks, Water trucks, Others; By Engine Capacity: 5Liter, 5L to 10L, More than 10 Liter; By End Use: Military, Construction, Infrastructure, Mining, Agriculture) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global Dump Truck Market value is accounted over USD 41,259.8 Million by 2026 and is expected to grow at CAGR 9.1% during the forecast period, 2019-2026. Dump truck is also knows as dumper truck or tipper truck which mainly used to transporting dumps especially for construction. Such truck carries heavy loads and material such as sand, earth and gravel with parts for construction. The dumper typically carries its load or m

Automotive Electronic Control Unit Market (By Technology: Transmission control system, Engine management system, Anti-lock braking system, Climate control system, Power steering system, Airbag restraint system, Body control system; By Application: Utility vehicles, Passenger cars, Commercial vehicles) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global Automotive Electronic Control Unit Market is expected to reach over USD 70,986.0 Million by 2026 and is expected to grow at CAGR 6.1% during the forecast period, 2019-2026 Electronic control unit (ECU) is an embedded system that responsible for controlling electrical subsystems in a transport vehicle. Most of the modern motor vehicles have up to 80 ECUs. The development of an ECU unit ma

Automotive Aluminum Market (By End Use: Heavy Commercial Vehicles, Light Commercial Vehicles, Passenger Cars; By Application: Suspension, Powertrain, Body Structure, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Introduction According to Acumen Research and Consulting, the global Automotive Aluminum market is expected to grow at noteworthy CAGR around 8.4 % throughout the forecast period and reach around US$ 62 billion by 2026. It offers great security and durability combined with increased fuel efficiency and decreased emissions as well as offers the most common metal

Autonomous Parking System Market (By Components: Radar, Lidar, Image Sensor, Ultrasonic, Camera, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global Autonomous Parking System Market size is expected to reach over 1.8 USD billion by 2026 and is expected to grow at CAGR 15.8% during the forecast period, 2019-2026. Continuously rising vehicle sales across the globe coupled with the increasing concern for the parking spaces have drive the global Autonomous parking system market during the forecast period 2019-2026. Durin

Automotive Sun Visor Market (By Surface Material: Vinyl, Fabric; By Type: LCD Sun Visor, Conventional Type; By Vehicle Type: Commercial Vehicle, Passenger Vehicle, Electric Vehicle; By Sales Channel: Aftermarket, OEM) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Global automotive sun visor market size is accounted over USD 10 billion by 2026 and is expected to grow at CAGR 3.2% during the forecast period 2019 to 2026. Sun visors has become an important part of modern vehicles and they enhance the overall appearance of the vehicle interior. Rising in demand for stylish sun visors, consistent increase in vehicle production across the world, owing to rapid urbanization, and increase in p

Automotive Active Purge Pump Market (By Material Type: Metal, Non Metal; By Components: Dc Motor, Sensors, Actuator, Valves; By Manufacturing Process: Cutting, Vacuum Forming, Injection Molding; By Sales Channel: OEM’s, Aftermarket; By Vehicle Types: Passenger Vehicle, Commercial Vehicle) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global automotive active purge pump market size is expected to reach over USD 4.1 billion by 2026 and will grow at the CAGR of 67.3% from forecast period 2019-2026. An automotive active purge pump is an electrified solution to reduce hydrocarbon evaporative emissions from the vehicle. The automotive active purge pump actively extracts hydrocarbon-laden air from the emission canister that is use

Cart Summary