Solenoid Valve Market is valued at 3.7 Billion USD in 2021. The market is expected to grow at a CAGR of 3.5% over the forecast period to reach a valuation of 4.6 Billion USD in 2026.
Solenoid Valve Market Introduction:
The solenoid valve is a device that uses a solenoid to control the activation of the pipe. In the solenoid valve, electrical current passes through the solenoid valve. Solenoid valves are considered to be electromechanically operated valves used to control liquid or gas flow. Solenoid valves are most commonly used as control elements in fluids. We perform a variety of tasks, such as activating, shutting down, combining and spreading liquids. Solenoid provides a range of advantages such as high reliability, fast and secure switching, extended service life, compact design, and low control power.
Market Drivers, Restraints and Opportunities:
Significant factors which have helped drive the Solenoid Valve Market forward are-
Factors holding the Solenoid Valve Market back include-
Detailed Segmentation of the Solenoid Valve Market:
Solenoid Valve Market – By Body Material:
Solenoid Valve Market – By Valve Design:
Solenoid Valve Market – By Industry:
Geographical Segmentation of the Solenoid Valve Market:
Regional Key Factors:
The solenoid valve market in the Americas had the largest market size in terms of value in 2018, while the market in APAC is projected to have the fastest growth rate between 2020 and 2025. Factors contributing to this growth include increasing importance for the provision of safe and clean drinking water throughout the world, leading to increased investment in water treatment plants, thus creating a demand for the use of solenoid valves.
The demand for brass content is projected to be the highest in the forecast period. Some of the main reasons for this increase include the increasing adoption of brass solenoid valves, which are best suited for most non-aggressive and non-corrosive applications. It also has a high thermal conductivity compared with other materials such as stainless steel and carbon steel.
The chemical & petrochemical industry held the largest market share in 2018, followed by the oil & gas, water & wastewater, power generation, food & beverage, and automotive industries. The main reasons for this increase include the highest deployment of solenoid valves in this industry. In addition, the retrofit work in the various phases of the oil & gas extraction process will further contribute to this growing market.
Leading Players mentioned in this research report are:
Research Methodology:
The research done takes place in two phases namely-
Secondary Research: The first phase of the research process is extensive secondary research and identification of the related intelligence. Secondary data is compiled from various sources. Extensive secondary research helps in generating hypothesis and identifying critical areas of interest that are investigated through primary research.
Primary Research: This entails conducting hundreds of primary interviews with industry participants and commentators in order to validate the data points obtained from secondary research and to fill the data gaps. A primary interview provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook, etc. It also helps in deciding the scope and deliverables of the study in terms of the requirement of the market. Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies.
Research Report Key Highlights:
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Body Material
5.1.1 Introduction
5.1.2 Stainless Steel
5.1.3 Brass
5.1.4 Aluminium
5.1.5 Plastic
5.1.6 Y-o-Y Growth Analysis, By Body Material
5.1.7 Market Attractiveness Analysis, By Body Material
5.1.8 Market Share Analysis, By Body Material
5.2 Valve Design
5.2.1 Introduction
5.2.2 2-way
5.2.3 3-way
5.2.4 4-way
5.2.5 5-way
5.2.6 Y-o-Y Growth Analysis, By Valve Design
5.2.7 Market Attractiveness Analysis, By Valve Design
5.2.8 Market Share Analysis, By Valve Design
5.3 Industry
5.3.1 Introduction
5.3.2 Oil & Gas
5.3.3 Chemical & Petrochemical
5.3.4 Water & Wastewater
5.3.5 Food & Beverages
5.3.6 Power Generation
5.3.7 Pharmaceutical
5.3.8 Automotive
5.3.9 Medical
5.3.10 Other
5.3.11 Y-o-Y Growth Analysis, By Industry
5.3.12 Market Attractiveness Analysis, By Industry
5.3.13 Market Share Analysis, By Industry
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Body Material
6.1.3.3 By Valve Design
6.1.3.4 By Industry
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Body Material
6.1.4.3 By Valve Design
6.1.4.4 By Industry
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Body Material
6.1.5.3 By Valve Design
6.1.5.4 By Industry
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 ASCO Valve Inc
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Danfoss A/S
8.3 CKD Corporation
8.4 Christian Bürkert GmbH & Co
8.5 SMC Corporation of America
8.6 IMI plc Company
8.7 GSR Ventiltechnik GmbH & Co
8.8 Kaneko Sangyo Co. Ltd
8.9 Takasago Electric Industry Co. Ltd
8.10 Parker Hannifin Corp
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
Scope of the Report
