Envisage report cover

Solenoid Valve Market: COVID-19 Impact and Global Analysis Forecast to 2028

Published Date: May 2021

No. of Pages: 208

Status: Upcoming

Report Code: EMR100225

Solenoid valve denotes to a mechanical device that involves the use of a solenoid to attain control on the activation of the valve. In solenoid valve, the electric current is passed through a solenoid channel. Solenoid valves are globally considered as vales which are electromechanically operated and have a wide range of applications in controlling the flow of gas or liquid. Solenoid valves are most prevalently used in fluidics application as control elements. Solenoid valves perform several relatively significant tasks such as shut off, release, distribute or mix fluids and gases. Solenoid valves involves the use of solenoid which offers various benefits such as safe and fast switching, compact design, high reliability, extended service life and low control power. The global solenoid valve market is increasing at a significantly rapid pace and is expected to exhibit a high growth over the of forecast period. In addition to this, constant evolution in the global solenoid valve market in terms of new product development and product innovations, along with rapid mergers and acquisitions is leading to the overall development of new and advanced technologies. Solenoid valves are most commonly used in hydraulic and fluid power pneumatic system in order to achieve control on large industrial valves or fluid power motors. Moreover, solenoid valves are also being used in automatic irrigation water sprinkler system. In addition to this, dishwashers and washing machine also employ the use of solenoid valves in order to attain control on the flow of water into the machine.

A variety of factors which are implicated in driving the growth of the global solenoid valve market include rising number of end-use applications of solenoid valves in quite a few industrial sectors. This is mainly recognized to lower price of a solenoid valve as compared to other traditional valves. In addition to this, lower power utilization of solenoid valves is an additional major factor which is likely to accelerate the growth of the global market over the forecast period. In addition, rising developments in the solenoid valves and introduction of new solenoid valves like customized valves, pinch valves and micro-miniature valvesare expected to boost the overall growth of the global solenoid valve market.
The solenoid valve market is segmented by material, design type, industry vertical and region. Based on material, the global solenoid valve market can be segmented into stainless steel, brass, aluminium 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 water & waste water, oil & gas, power generation, automotive, chemical & petrochemical, food & beverages, pharmaceuticals, medical and others. Based on region, the global solenoid valve market can be segmented into North America, Latin America, Europe, Middle East & Africa and Asia Pacific.The robust demand especially in the Asia Pacific region is anticipated to be one of the key driving factors for the overall growth of the global market. Furthermore, China is further probable to account for the maximum share in the global market and is expected to maintain its lead in the overall demand during the forecast period. This can be attributed to rapid industrialization and increasing urbanization during the past few years.
Some of the players in the global solenoid valve market include Danfoss A/S, ASCO Valve. Inc., SMC Corporation of America, Ningbo Mailing Pneumatic Co., KANEKO SANGYO Co., CKD Corporation, IMI plc Company, ODE s.r.l., CEME S.p.A., GSR Ventiltechnik GmbH & Co. KG, Christian Bürkert GmbH & Co. KG, Ltd, Ltd., TAKASAGO ELECTRIC INDUSTRY CO., LTD. and Parker Hannifin Corp. among others.

The solenoid valve market is segmented
By Material
• Stainless steel
• Brass
• Aluminium
• Others

By Design Type:
• 2 way
• 3 way
• 4 way
• 5 way

By Industry Vertical:
• Oil & gas
• Chemical & petrochemical
• Water & waste water
• Food & beverages
• Power generation
• Pharmaceuticals
• Automotive
• Medical
• Others

By Region:
• North America
• Latin America
• Europe
• Middle East & Africa
• Asia Pacific

The Leading Key Players in Solenoid Valve Market

Danfoss A/S
ASCO Valve. Inc.
SMC Corporation of America
Ningbo Mailing Pneumatic Co.
CKD Corporation
IMI plc Company
ODE s.r.l.
GSR Ventiltechnik GmbH & Co. KG
Christian Bürkert GmbH & Co. KG
Parker Hannifin Corp.