Solenoid Valve Market 2021-2028 with Investment Feasibility, Key Trends and Leading Players

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.

The solenoid valve market is segmented by material, design type, industry vertical and region. On the basis of 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 chemical & petrochemical,oil& gas, food & beverages,water & waste water,pharmaceuticals,power generation,automotive, medical and others. based on the 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. Moreover, China is further projected to account for the highest share in the global market and is anticipated 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

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.There are various factors which are contributing in driving the growth of the global solenoid valve market include rising the number of end-use applications of solenoid valves in several industrial sectors. This is mainly attributed to lower price of a solenoid valve as compared to other traditional valves.Moreover , the another major driving factor is consumption of  lower power in solenoid valves . which is expected to accelerate the growth of the global solenoid valve market over the forecast period. Furthermore, rising the developments in the solenoid valves as well as introduction of new solenoid valves.such as customized valves,pinch valves and micro-miniature valves are expected to boost the overal growth of the global solenoid valve market

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Some of the players in the global solenoid valve market include CKD Corporation,Danfoss A/S,ASCO Valve, Inc., Bürkert GmbH & Co. KG,SMC Corporation of America,Christian Bürkert GmbH & Co. KG, IMI plc Company,GSR Ventiltechnik GmbH & Co,ODE s.r.l., Ningbo Mailing Pneumatic Co,KANEKO SANGYO Co., Ltd,CEME S.p.A,Parker Hannifin Corp,TAKASAGO ELECTRIC INDUSTRY CO., LTD. and 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

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