The global solenoid actuator market is expected to grow at a CAGR of 5.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing demand for solenoid actuators in various industries such as automotive, aerospace and defense, and oil & gas. The increasing demand for solenoid actuators in these industries is due to their high efficiency and low maintenance cost.
The global solenoid actuator market by type is segmented into pneumatic solenoid valves and hydraulic solenoids valves. Pneumatic solenoids are used in applications where there is no need for high pressure or high flow rate requirements such as linear application, valve actuator, latch/switch, push/pull object applications whereas hydraulic solenoids are used in applications where there is a need for high pressure or high flow rate requirements such as linear application, valve actuator, latch/switch applications among others.
The global pneumatic solenoid valve market size was valued at USD 1 billion in 2018 and it is expected to reach USD 1.4 billion by 2030 with a CAGR of 4%. The growth of this market can be attributed to the increasing use of pneumatic valves across various industries including automotive industry which has been witnessing an increase in production owing to growing demand from emerging economies like China and India among others; aerospace industry which has been witnessing an increase in production owing to growing demand from emerging economies like China; defense industry which has been witnessing an increase in production owing to growing demand from emerging economies like China; oil & gas industry which has been witnessing an increase in production owing to growing demand from emerging economies like China among others; construction industry which has been witnessing an increase due increased construction activities across various regions including Asia Pacific region (APAC) countries such as India and Indonesia among others; mining industry which has been witnessing an increase due increased mining activities across various regions including APAC countries such as India among others; food processing industry that requires efficient equipment that does not require frequent maintenance costs etc, all these factors have led towards the growth of this market during the forecast period (2021-2030).
Some Of The Growth Factors Of This Market:
- Increasing demand for electric vehicles.
- Increasing demand for solenoid actuators in the oil and gas industry.
- Rising demand for solenoid actuators in the medical industry.
- Growing need to reduce emissions from diesel engines.
- Increasing use of solenoid actuators in renewable energy.
Industry Growth Insights published a new data on “Solenoid Actuator Market”. The research report is titled “Solenoid Actuator Market research by Types (Pneumatic Solenoid Valves, Hydraulic Solenoid Valves), By Applications (Linear Application, Valve Actuator, Latch/Switch, Push/Pull Object), By Players/Companies LINTEC CO., LTD., NSF, Lesman, EMWorks, Magnet-Schultz of America (MSA), Indian Solenoids, Takano, Kendrion, Asahi, Magnetic Sensor Systems, TLX Technologies, LOVATO Electric, Process Systems”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Solenoid Actuator Market Research Report
By Type
Pneumatic Solenoid Valves, Hydraulic Solenoid Valves
By Application
Linear Application, Valve Actuator, Latch/Switch, Push/Pull Object
By Companies
LINTEC CO., LTD., NSF, Lesman, EMWorks, Magnet-Schultz of America (MSA), Indian Solenoids, Takano, Kendrion, Asahi, Magnetic Sensor Systems, TLX Technologies, LOVATO Electric, Process Systems
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Solenoid Actuator Market Report Segments:
The global Solenoid Actuator market is segmented on the basis of:
Types
Pneumatic Solenoid Valves, Hydraulic Solenoid Valves
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Linear Application, Valve Actuator, Latch/Switch, Push/Pull Object
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- LINTEC CO., LTD.
- NSF
- Lesman
- EMWorks
- Magnet-Schultz of America (MSA)
- Indian Solenoids
- Takano
- Kendrion
- Asahi
- Magnetic Sensor Systems
- TLX Technologies
- LOVATO Electric
- Process Systems
Highlights of The Solenoid Actuator Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Pneumatic Solenoid Valves
- Hydraulic Solenoid Valves
- By Application:
- Linear Application
- Valve Actuator
- Latch/Switch
- Push/Pull Object
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Solenoid Actuator Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
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- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A solenoid actuator is a type of electromechanical actuator that uses the principles of solenoids to generate motion. Solenoids are coils of wire that can be energized to create an electric current, which in turn causes the coil's magnetic field to collapse and produce movement.
Some of the major companies in the solenoid actuator market are LINTEC CO., LTD., NSF, Lesman, EMWorks, Magnet-Schultz of America (MSA), Indian Solenoids, Takano, Kendrion, Asahi, Magnetic Sensor Systems, TLX Technologies, LOVATO Electric, Process Systems.
The solenoid actuator market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solenoid Actuator Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Solenoid Actuator Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Solenoid Actuator Market - Supply Chain
4.5. Global Solenoid Actuator Market Forecast
4.5.1. Solenoid Actuator Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Solenoid Actuator Market Size (000 Units) and Y-o-Y Growth
4.5.3. Solenoid Actuator Market Absolute $ Opportunity
5. Global Solenoid Actuator Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Solenoid Actuator Market Size and Volume Forecast by Type
5.3.1. Pneumatic Solenoid Valves
5.3.2. Hydraulic Solenoid Valves
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Solenoid Actuator Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Solenoid Actuator Market Size and Volume Forecast by Application
6.3.1. Linear Application
6.3.2. Valve Actuator
6.3.3. Latch/Switch
6.3.4. Push/Pull Object
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Solenoid Actuator Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Solenoid Actuator Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Solenoid Actuator Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Solenoid Actuator Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Solenoid Actuator Demand Share Forecast, 2019-2026
9. North America Solenoid Actuator Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Solenoid Actuator Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Solenoid Actuator Market Size and Volume Forecast by Application
9.4.1. Linear Application
9.4.2. Valve Actuator
9.4.3. Latch/Switch
9.4.4. Push/Pull Object
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Solenoid Actuator Market Size and Volume Forecast by Type
9.7.1. Pneumatic Solenoid Valves
9.7.2. Hydraulic Solenoid Valves
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Solenoid Actuator Demand Share Forecast, 2019-2026
10. Latin America Solenoid Actuator Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Solenoid Actuator Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Solenoid Actuator Market Size and Volume Forecast by Application
10.4.1. Linear Application
10.4.2. Valve Actuator
10.4.3. Latch/Switch
10.4.4. Push/Pull Object
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Solenoid Actuator Market Size and Volume Forecast by Type
10.7.1. Pneumatic Solenoid Valves
10.7.2. Hydraulic Solenoid Valves
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Solenoid Actuator Demand Share Forecast, 2019-2026
11. Europe Solenoid Actuator Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Solenoid Actuator Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Solenoid Actuator Market Size and Volume Forecast by Application
11.4.1. Linear Application
11.4.2. Valve Actuator
11.4.3. Latch/Switch
11.4.4. Push/Pull Object
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Solenoid Actuator Market Size and Volume Forecast by Type
11.7.1. Pneumatic Solenoid Valves
11.7.2. Hydraulic Solenoid Valves
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Prjections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Solenoid Actuator Demand Share, 2019-2026
12. Asia Pacific Solenoid Actuator Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Solenoid Actuator Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Solenoid Actuator Market Size and Volume Forecast by Application
12.4.1. Linear Application
12.4.2. Valve Actuator
12.4.3. Latch/Switch
12.4.4. Push/Pull Object
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Solenoid Actuator Market Size and Volume Forecast by Type
12.7.1. Pneumatic Solenoid Valves
12.7.2. Hydraulic Solenoid Valves
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Solenoid Actuator Demand Share, 2019-2026
13. Middle East & Africa Solenoid Actuator Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Solenoid Actuator Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Solenoid Actuator Market Size and Volume Forecast by Application
13.4.1. Linear Application
13.4.2. Valve Actuator
13.4.3. Latch/Switch
13.4.4. Push/Pull Object
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Solenoid Actuator Market Size and Volume Forecast by Type
13.7.1. Pneumatic Solenoid Valves
13.7.2. Hydraulic Solenoid Valves
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Solenoid Actuator Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Solenoid Actuator Market: Market Share Analysis
14.2. Solenoid Actuator Distributors and Customers
14.3. Solenoid Actuator Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. LINTEC CO., LTD.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. NSF
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Lesman
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. EMWorks
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Magnet-Schultz of America (MSA)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Indian Solenoids
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Takano
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Kendrion
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Asahi
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Magnetic Sensor Systems
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. TLX Technologies
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. LOVATO Electric
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Process Systems
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
