According to the report published by Zion Market Research, global demand for Solenoid Valve Market was valued at approximately USD 4.1 Billion in 2019, and is expected to generate revenue of around USD 5.4 Billion by end of 2026, growing at a CAGR of around 4% between 2020 and 2026.
According to the report published by Zion Market Research, global demand for Solenoid Valve Market was valued at approximately USD 4.1 Billion in 2019, and is expected to generate revenue of around USD 5.4 Billion by end of 2026, growing at a CAGR of around 4% between 2020 and 2026.
Global Solenoid Valve Market: Overview
Solenoid valve refers to the system within which solenoid is used in order to control valve activation. In the solenoid valve, electrical current flows within solenoid valve. Solenoid valves are known to be electromechanically controlled valves used to regulate gas or liquid flow. Solenoid valves are most widely used as control components in fluids. They perform a number of functions, such as releasing, shutting down, combining or distributing fluids.
Global Solenoid Valve Market: Growth Factors
As the solenoid valve industry is progressing at a fast speed, a substantial rise is anticipated in the coming years. New innovations are emerging in the solenoid valve industry due to continuous advances. The factors driving the global evolution of the solenoid valve industry are the increased use of solenoid valves in different industrial sectors, poor power usage and lower prices. In addition, the production of new solenoid valves, such as micro-miniature, pinch and personalised valves, has stimulated the global growth of the solenoid valve industry. Few issues have had a detrimental effect on the market development of the solenoid valve; some of them are power failure, an incorrect voltage that can impair the function of the solenoid valve, as a result of which the solenoid valve cannot be opened, and so on are typical problems associated with the solenoid valve.
Report Scope:
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Global Solenoid Valve Market: Segmentation
The global solenoid valve market is segmented based on material, valve design type, and end user. By body material the target market is segmented as stainless steel, brass, aluminium, and plastic. On the basis of valve design type the target market is divided as 2-way, 3-way, 4-way, and 5-way. On the basis of by end user the target market is divided into oil and gas, chemical and petrochemical, water and wastewater, food and beverages, power generation, pharmaceuticals, automotive, medical, others.
Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Global Solenoid Valve Market: Regional Analysis
The North America and Europe solenoid valve market are projected to hold the significant share globally in the future, owing to well-established health care system, strong research & development infrastructure, technological advancements, and presence of major players in these regions. Further, presence of well-established domestic players are expected to fuel growth of the market in the Asia Pacific. The MEA solenoid valve market is anticipated to grow at a moderate rate in the years ahead.
Global Solenoid Valve Market: Competitive Players
Some main participants of the solenoid valve market are ASCO Valve, Inc., Danfoss A/S, CKD Corporation, Christian Bürkert GmbH & Co. KG, SMC Corporation of America, IMI plc Company, GSR Ventiltechnik GmbH & Co. KG, ODE s.r.l., Kaneko Sangyo Co., Ltd., CEME S.p.A., Takasago Electric Industry Co., Ltd., Parker Hannifin Corp., and Ningbo Mailing Pneumatic Co., Ltd. among others. Major players in the global market are focusing on strengthening position in the target industry by applying various business strategies.
Solenoid Valve Market: Regional Segment Analysis
List of Figures
FIG. 1 Research Methodology
FIG. 2 Research Methodology – Basic Overview
FIG. 3 Research Methodology – Detailed View
FIG. 4 Global Solenoid Valve Market Revenue, 2016 - 2026 (USD Billion)
FIG. 5 Porter’s Five Forces Analysis for Global Solenoid Valve Market
FIG. 6 Global Solenoid Valve Market Attractiveness, By Body Material
FIG. 7 Global Solenoid Valve Market Attractiveness, By Valve Design Type
FIG. 8 Global Solenoid Valve Market Attractiveness, By End User
FIG. 9 Global Solenoid Valve Market Attractiveness, By End-User
FIG. 10 Company Share Analysis, 2019
FIG. 11 Global Solenoid Valve Market Revenue Share, by Body Material, 2019 & 2026
FIG. 12 Global Solenoid Valve Market for Stainless Steel, Revenue (USD Billion) 2016 - 2026
FIG. 13 Global Solenoid Valve Market for Brass, Revenue (USD Billion) 2016 - 2026
FIG. 14 Global Solenoid Valve Market for Aluminium, Revenue (USD Billion) 2016 - 2026
FIG. 15 Global Solenoid Valve Market for Plastic, Revenue (USD Billion) 2016 - 2026
FIG. 16 Global Solenoid Valve Market Revenue Share, by Valve Design Type, 2019 & 2026
FIG. 17 Global Solenoid Valve Market for 2-Way, Revenue (USD Billion) 2016 - 2026
FIG. 18 Global Solenoid Valve Market for 3-Way, Revenue (USD Billion) 2016 - 2026
FIG. 19 Global Solenoid Valve Market for 4-Way, Revenue (USD Billion) 2016 - 2026
FIG. 20 Global Solenoid Valve Market for 5-Way, Revenue (USD Billion) 2016 - 2026
FIG. 21 Global Solenoid Valve Market Revenue Share, by End User, 2019 & 2026
FIG. 22 Global Solenoid Valve Market for Oil and Gas, Revenue (USD Billion) 2016 - 2026
FIG. 23 Global Solenoid Valve Market for Chemical and Petrochemical, Revenue (USD Billion) 2016 - 2026
FIG. 24 Global Solenoid Valve Market for Water and Wastewater, Revenue (USD Billion) 2016 - 2026
FIG. 25 Global Solenoid Valve Market for Food and Beverages, Revenue (USD Billion) 2016 - 2026
FIG. 26 Global Solenoid Valve Market for Power Generation, Revenue (USD Billion) 2016 - 2026
FIG. 27 Global Solenoid Valve Market for Pharmaceuticals, Revenue (USD Billion) 2016 - 2026
FIG. 28 Global Solenoid Valve Market for Automotive, Revenue (USD Billion) 2016 - 2026
FIG. 29 Global Solenoid Valve Market for Medical, Revenue (USD Billion) 2016 - 2026
FIG. 30 Global Solenoid Valve Market for Others, Revenue (USD Billion) 2016 - 2026
FIG. 31 Global Solenoid Valve Market Revenue Share, by Region, 2019 & 2026
FIG. 32 North America Solenoid Valve Market Revenue, 2016 - 2026 (USD Billion)
FIG. 33 Europe Solenoid Valve Market Revenue, 2016 - 2026 (USD Billion)
FIG. 34 Asia Pacific Solenoid Valve Market Revenue, 2016 - 2026 (USD Billion)
FIG. 35 Latin America Solenoid Valve Market Revenue, 2016 - 2026 (USD Billion)
FIG. 36 The Middle-East and Africa Solenoid Valve Market Revenue, 2016 - 2026 (USD Billion)
FIG. 37 ASCO Valve, Inc. Business Segment Revenue Share, 2018 (%)
FIG. 38 ASCO Valve, Inc. Geographical Segment Revenue Share, 2018 (%)
List of Tables
TABLE 1 Global Solenoid Valve Market: Snapshot
TABLE 2 Drivers of the Solenoid Valve Market: Impact Analysis
TABLE 3 Restraints for the Solenoid Valve Market: Impact Analysis
TABLE 4 Global Solenoid Valve Market Revenue, by Region, 2016 – 2026 (USD Billion)
TABLE 5 North America Solenoid Valve Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 6 North America Solenoid Valve Market Revenue, by Body Material, 2016 – 2026 (USD Billion)
TABLE 7 North America Solenoid Valve Market Revenue, by Valve Design Type, 2016 – 2026 (USD Billion)
TABLE 8 North America Solenoid Valve Market Revenue, by End User, 2016 – 2026 (USD Billion)
TABLE 9 Europe Solenoid Valve Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 10 Europe Solenoid Valve Market Revenue, by Body Material, 2016 – 2026 (USD Billion)
TABLE 11 Europe Solenoid Valve Market Revenue, by Valve Design Type, 2016 – 2026 (USD Billion)
TABLE 12 Europe Solenoid Valve Market Revenue, by End User, 2016 – 2026 (USD Billion)
TABLE 13 Asia Pacific Solenoid Valve Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 14 Asia Pacific Solenoid Valve Market Revenue, by Body Material, 2016 – 2026 (USD Billion)
TABLE 15 Asia Pacific Solenoid Valve Market Revenue, by Valve Design Type, 2016 – 2026 (USD Billion)
TABLE 16 Asia Pacific Solenoid Valve Market Revenue, by End User, 2016 – 2026 (USD Billion)
TABLE 17 Latin America Solenoid Valve Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 18 Latin America Solenoid Valve Market Revenue, by Body Material, 2016 – 2026 (USD Billion)
TABLE 19 Latin America Solenoid Valve Market Revenue, by Valve Design Type, 2016 – 2026 (USD Billion)
TABLE 20 Latin America Solenoid Valve Market Revenue, by End User, 2016 – 2026 (USD Billion)
TABLE 21 The Middle-East and Africa Solenoid Valve Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 22 The Middle-East and Africa Solenoid Valve Market Revenue, by Body Material, 2016 – 2026 (USD Billion)
TABLE 23 The Middle-East and Africa Solenoid Valve Market Revenue, by Valve Design Type, 2016 – 2026 (USD Billion)
TABLE 24 The Middle-East and Africa Solenoid Valve Market Revenue, by End User, 2016 – 2026 (USD Billion)
Request the coronavirus impact analysis across industries and markets
As the solenoid valve industry is progressing at a fast speed, a substantial rise is anticipated in the coming years. New innovations are emerging in the solenoid valve industry due to continuous advances.
According to Zion Market Research, global demand for Solenoid Valve Market is expected to generate revenue of around USD 5.4 Billion by end of 2026, growing at a CAGR of around 4% between 2020 and 2026.
The North America solenoid valve market is projected to hold the significant share globally in the future. The growth is attributed well-established health care system, strong research & development infrastructure, technological advancements, and presence of major players in regions are expected to propel the demand.
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