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Pulished Date April, 2021
ID: 8819
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Solenoid Valve Market by Body Material (Stainless Steel, Brass, Aluminum, and Plastic), Valve Design (2-way, 3-way, 4-way, and 5-way), Industry (Oil & Gas, Chemical & Petrochemical, Water & Wastewater, Food & Beverages, Power Generation, Pharmaceutical, Automotive, Medical, Others) and Region- Analysis, Size, Growth, Investment and Forecasts 2021-2026

Pulished: April, 2021
ID: 8819
Pages: 175

Solenoid Valve Market Size, Trends & Growth (2021 - 2026)

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-

  • The constant evolution of the solenoid valve market leads to the development of new technologies
  • Factors driving the growth of the global solenoid valve market are the increasing use in various industrial sectors, lower valve prices and lower power consumption.
  • The development of new solenoid valves, such as customizable micro-valve valves and pinch valves, boosts the growth of the global market for solenoid valves.
  • Previously deferred initiatives are gradually being introduced, increasing demand for solenoid valves in the upstream oil and gas sector.

Factors holding the Solenoid Valve Market back include-

  • Power failure, uneven pressure, the incorrect voltage may affect the functioning of the solenoid valve as a result of which solenoid valves may not be opened, erratic valve sounds while opening and closing valve and coil problems are some of the common issues associated with solenoid valves.
  • Solenoid valves have a crucial role to play in the industrial automation market. Extensive product offerings, a wide range of applications and high penetration of solenoid valves in the market place maintain a constant demand for these devices, both in terms of replacement parts and new installations. Some of the major end-user industries which support a continuous need for solenoid valves include oil and gas, automotive, food and beverage, and the utility sector.

Detailed Segmentation of the Solenoid Valve Market:

Solenoid Valve Market – By Body Material:

  • Stainless Steel
  • Brass
  • Aluminum
  • Plastic

Solenoid Valve Market – By Valve Design:

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

Solenoid Valve Market – By Industry:

  • Oil & Gas
  • Chemical & Petrochemical
  • Water & Wastewater
  • Food & Beverages
  • Power Generation
  • Pharmaceutical
  • Automotive
  • Medical
  • Others

Geographical Segmentation of the Solenoid Valve Market:

  • North America
  • Europe
  • Asia-Pacific
  • Middle East and Africa
  • Latin America

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:

  1. ASCO Valve, Inc.
  2. Danfoss A/S
  3. CKD Corporation
  4. Christian Bürkert GmbH & Co. KG
  5. SMC Corporation of America
  6. IMI plc Company
  7. GSR Ventiltechnik GmbH & Co. KG
  8. ODE s.r.l
  9. Kaneko Sangyo Co., Ltd.
  10. CEME S.p.A.
  11. Takasago Electric Industry Co., Ltd
  12. Parker Hannifin Corp.
  13. Ningbo Mailing Pneumatic Co., Ltd

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:

  • Current and future market perspectives for Solenoid Valve Market in developed and emerging markets.
  • Analyze different market perspectives using the analysis of five Porter forces
  • The segment that is expected to dominate the market.
  • Regions that are expected to grow faster during the forecast period.
  • Identify the latest developments, market shares, and strategies of key market participants.

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

  1. Global Solenoid Valve Market By Region, From 2021-2026 ( USD Billion )
  2. Global Solenoid Valve Market By Body Material, From 2021-2026 ( USD Billion )
  3. Global Stainless Steel Market By Region, From 2021-2026 ( USD Billion )
  4. Global Brass Market By Region, From 2021-2026 ( USD Billion )
  5. Global Aluminum Market By Region, From 2021-2026 ( USD Billion )
  6. Global Plastic Market By Region, From 2021-2026 ( USD Billion )
  7. Global Solenoid Valve Market By Valve Design, From 2021-2026 ( USD Billion )
  8. Global 2-way Market By Region, From 2021-2026 ( USD Billion )
  9. Global 3-way Market By Region, From 2021-2026 ( USD Billion )
  10. Global 4-way Market By Region, From 2021-2026 ( USD Billion )
  11. Global 5-way Market By Region, From 2021-2026 ( USD Billion )
  12. Global Solenoid Valve Market By Industry, From 2021-2026 ( USD Billion )
  13. Global Oil & Gas Market By Region, From 2021-2026 ( USD Billion )
  14. Global Chemical & Petrochemical Market By Region, From 2021-2026 ( USD Billion )
  15. Global Water & Wastewater Market By Region, From 2021-2026 ( USD Billion )
  16. Global Food & Beverages Market By Region, From 2021-2026 ( USD Billion )
  17. Global Power Generation Market By Region, From 2021-2026 ( USD Billion )
  18. Global Pharmaceutical Market By Region, From 2021-2026 ( USD Billion )
  19. Global Automotive Market By Region, From 2021-2026 ( USD Billion )
  20. Global Medical Market By Region, From 2021-2026 ( USD Billion )
  21. Global Others Market By Region, From 2021-2026 ( USD Billion )

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