Solenoid Valves Market Overview

The size of the solenoid valves market was estimated at USD 4.67 billion in 2023, and at a compound annual growth rate (CAGR) of 5.5%, the market is projected to generate USD 6.8 billion by 2030.

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Solenoid Valves Market Report Scope and Research Methodology

The portfolio, technology adoption, financial standing, merger and acquisition, joint ventures and strategic alliances are involved in the competitive environment for the Solenoid Valves market. The report is an in-depth analysis of the Solenoid Valves market provided with key findings including Pricing, investments, expansion plans, and physical presence in the Solenoid Valves market. The bottom-up approach was used to understand the Solenoid Valves market size estimation and growth rates in the report. The report provides information on the drivers, restraints, opportunities and challenges of the Solenoid Valves market.

The Solenoid Valves Market report portrays the scope of the industry, including the segmentation by product type and end-use industry, and examines various emerging opportunities while analyzing supply chain dynamics with market size estimates, growth, and competition including soil survey. The research method gathers large amounts of data into a brief survey using primary and secondary data collection, rigorous research methods, quality assurance procedures, and ethical considerations, and provides users gain insights that can be used for informed decisions in the Solenoid Valves industry.

Solenoid Valves Market Regional Insights

Regional analysis is conducted to assess the status of the Solenoid Valves market in countries belonging to North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report provides a comprehensive analysis of several factors such as market size, growth rate, and import-export activities, across different regions. The Solenoid Valves market is segmented broadly into these regions, allowing for a detailed understanding of the market landscape and dynamics in each geographical area.

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Solenoid Valves Market Segmentation :

By Material

Stainless Steel
Brass
Aluminium
Plastic

With the biggest market share as of 2023, stainless steel leads the worldwide solenoid valves market in terms of material and is expected to maintain its dominance for the foreseeable future. As a result, stainless steel solenoid valves are perfect for applications involving chemicals and harsh media. Generally speaking, brass is utilized for non-aggressive or corrosive applications as well as for managing air, water, and atmospheric gases. Although brass is more expensive than PVC, it can tolerate higher temperatures.

By Valve Design Type

2-way
3-way
4-way
5-way

By Type of Valve Design In terms of valve design type, the 2-way segment holds the greatest share of the solenoid valves market in 2023. An inlet and an exit are the two ports on a two-way solenoid valve. For correct operation, it is crucial to observe the flow direction, which is usually shown by an arrow. The orifice is opened or closed using a two-way valve. This segment's rise can be ascribed to its attributes, which include its great resistance to corrosion and attractive appearance. Over the course of the projected period, the 5-way category is anticipated to record the greatest CAGR.

By Industry

Oil & Gas
Chemical & Petrochemical
Water & Wastewater
Food & Beverages
Power Generation
Pharmaceuticals
Automotive
Medical
Aerospace
Others

Solenoid Valves Market Key Players :

1. CKD Corporation (Japan)
2. Emerson Electric Corporation (USA)
3. Kendrion (Germany)
4. GF Piping (Switzerland)
5. IMI Precision Engineering (Birmingham)
6. Danfoss Industries Ltd. (Denmark)
7. Curtiss Wright Corporation (USA)
8. Parker Hannifin Corporation (USA)
9. ASCO Valves Inc. (USA)
10. Rotex automation (India)
11. SMC Corporation (Japan)
12. The Lee Company (USA)
13. Asco Valve, Inc. (USA)
14. Christian Bürkert GmbH & Co. Kg (Germany)
15. Curtiss-Wright Corporation (USA)
16. Danfoss A/S (Denmark)
17. GSR Ventiltechnik GmbH & Co. Kg (Germany)
18. IMI PLC (UK)
19. Emerson Electric Co. (Missouri)

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Key questions answered in the Solenoid Valves Market are:

What is Solenoid Valves ?
What was the Solenoid Valves market size in 2023?
What is the growth rate of the Solenoid Valves Market?
Which are the factors expected to drive the Solenoid Valves market growth?
What are the different segments of the Solenoid Valves Market?
What growth strategies are the players considering to increase their presence in Solenoid Valves ?
What are the upcoming industry applications and trends for the Solenoid Valves Market?
What segments are covered in the Solenoid Valves Market?
Who are the leading companies and what are their portfolios in Solenoid Valves Market?
What segments are covered in the Solenoid Valves Market?
Who are the key players in the Solenoid Valves market?

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