Market Overview:
The global manifold solenoid valves market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the manifold solenoid valves market can be attributed to the increasing demand for automobiles and home appliances across the globe. Additionally, the growing industrial sector is also expected to fuel the growth of this market in forthcoming years. The global manifold solenoid valves market can be segmented on the basis of type, application and region. On the basis of type, direct-acting solenoid valve and sub-step direct-acting solenoid valve are two major segments in this market. Direct-acting solenoid valves are further classified into two types: normally open (NO) and normally closed (NC). Sub-step direct acting Solenoide Valves are those which have a stepwise orifice area change as opposed to an abrupt change found with standard DIAs This allows for more precise control over flow rate which is especially important when trying not too exceed maximum allowable pressure drop through a valve assembly .On account if application, home appliances, automobile industry, industrial sector machinery industry agriculture etc., are some key segments considered in this study .
Product Definition:
A manifold solenoid valve is a type of solenoid valve that is used to control the flow of fluid through a system. It is typically used in applications where there are multiple sources or destinations for the fluid flow. The manifold solenoid valve allows the operator to control the flow of fluid to each individual source or destination, which can be helpful in optimizing the performance of the system.
Direct-Acting Solenoid Valve:
Direct-acting solenoid valve is a type of valve that opens and closes instantly, without any physical movement or rotation. The only way to open the valve is by applying an electric current. Direct-acting solenoid valves are used in applications where high flow rate is required with short response time such as fire protection systems, water treatment plants, chemical & petrochemical industries and food processing plants among others.
Sub-Step Direct-Acting Solenoid Valve:
Sub-step direct-acting solenoid valve is a special type of solenoid valve that uses liquid as its medium to transmit step-wise pressure pulses. The main advantage of this device is that it requires minimum space and can be installed in tight spaces where other valves would not fit.
The sub-step direct acting solenoid valve finds applications in manifold Solenoid Valves market such as controlling the flow rate, or opening and closing various control circuits.
Application Insights:
The industrial application segment led the global manifold solenoid valves market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. Increasing demand for these valves in oil & gas, chemical, petrochemical and pharmaceutical industries is expected to drive product demand over the coming years. The home appliances segment accounted for a significant share of 21% in 2017 owing to increasing use of electric water heaters, dishwashers and washing machines across developed economies including U.S., Germany, France and UK.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region with a CAGR of XX% from 2018 to 2030 owing to increasing demand for industrial valves in countries such as China, India, and Japan. The growing manufacturing sector in these economies coupled with increasing investments in the energy and utility sector is anticipated to drive product demand over the forecast period.
Europe accounted for 24% of revenue share in 2017 on account of high adoption rate of valve technology across major industries including oil & gas, chemical processing, food & beverage processing and power generation. North America also contributed significantly towards market growth due to high consumption level of manifold solenoid valves across several applications including home appliances, automobile industry among others.
Growth Factors:
- Increasing demand for manifolds in the oil and gas industry
- Growing popularity of solenoid valves in automotive applications
- Rising demand for solenoid valves in water treatment and HVAC systems
- Proliferation of smart factories and the Industrial Internet of Things (IIoT)
- Growing demand for energy-efficient solenoid valves
Scope Of The Report
Report Attributes
Report Details
Report Title
Manifold Solenoid Valves Market Research Report
By Type
Direct-Acting Solenoid Valve, Sub-Step Direct-Acting Solenoid Valve
By Application
Home appliances, Automobile, Industrial, Machinery industry, Agriculture
By Companies
ASCO, Kendrion, Danfoss, Parker, Burkert, SMC, Norgren, CKD, CEME, Sirai, ASCO, ODE, Takasago Electric, YPC, PRO UNI-D, Airtac
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Manifold Solenoid Valves Market Report Segments:
The global Manifold Solenoid Valves market is segmented on the basis of:
Types
Direct-Acting Solenoid Valve, Sub-Step Direct-Acting Solenoid Valve
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
Home appliances, Automobile, Industrial, Machinery industry, Agriculture
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:
- ASCO
- Kendrion
- Danfoss
- Parker
- Burkert
- SMC
- Norgren
- CKD
- CEME
- Sirai
- ASCO
- ODE
- Takasago Electric
- YPC
- PRO UNI-D
- Airtac
Highlights of The Manifold Solenoid Valves 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:
- Direct-Acting Solenoid Valve
- Sub-Step Direct-Acting Solenoid Valve
- By Application:
- Home appliances
- Automobile
- Industrial
- Machinery industry
- Agriculture
- 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 Manifold Solenoid Valves 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
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 manifold solenoid valve is a type of valve that uses a single coil of wire to open and close. This makes it easier to control the flow of fluid, as the coil can be turned on and off quickly. Manifold solenoid valves are often used in industrial applications, such as water treatment plants or oil refineries, because they are reliable and efficient.
Some of the major players in the manifold solenoid valves market are ASCO, Kendrion, Danfoss, Parker, Burkert, SMC, Norgren, CKD, CEME, Sirai, ASCO, ODE, Takasago Electric, YPC, PRO UNI-D, Airtac.
The manifold solenoid valves market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Manifold Solenoid Valves Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Manifold Solenoid Valves Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Manifold Solenoid Valves Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Manifold Solenoid Valves Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Manifold Solenoid Valves Market Size & Forecast, 2020-2028
4.5.1 Manifold Solenoid Valves Market Size and Y-o-Y Growth
4.5.2 Manifold Solenoid Valves Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Direct-Acting Solenoid Valve
5.2.2 Sub-Step Direct-Acting Solenoid Valve
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Home appliances
6.2.2 Automobile
6.2.3 Industrial
6.2.4 Machinery industry
6.2.5 Agriculture
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Manifold Solenoid Valves Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Manifold Solenoid Valves Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Direct-Acting Solenoid Valve
9.6.2 Sub-Step Direct-Acting Solenoid Valve
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Home appliances
9.10.2 Automobile
9.10.3 Industrial
9.10.4 Machinery industry
9.10.5 Agriculture
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Direct-Acting Solenoid Valve
10.6.2 Sub-Step Direct-Acting Solenoid Valve
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Home appliances
10.10.2 Automobile
10.10.3 Industrial
10.10.4 Machinery industry
10.10.5 Agriculture
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Direct-Acting Solenoid Valve
11.6.2 Sub-Step Direct-Acting Solenoid Valve
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Home appliances
11.10.2 Automobile
11.10.3 Industrial
11.10.4 Machinery industry
11.10.5 Agriculture
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Direct-Acting Solenoid Valve
12.6.2 Sub-Step Direct-Acting Solenoid Valve
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Home appliances
12.10.2 Automobile
12.10.3 Industrial
12.10.4 Machinery industry
12.10.5 Agriculture
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Direct-Acting Solenoid Valve
13.6.2 Sub-Step Direct-Acting Solenoid Valve
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Home appliances
13.10.2 Automobile
13.10.3 Industrial
13.10.4 Machinery industry
13.10.5 Agriculture
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Manifold Solenoid Valves Market: Competitive Dashboard
14.2 Global Manifold Solenoid Valves Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ASCO
14.3.2 Kendrion
14.3.3 Danfoss
14.3.4 Parker
14.3.5 Burkert
14.3.6 SMC
14.3.7 Norgren
14.3.8 CKD
14.3.9 CEME
14.3.10 Sirai
14.3.11 ASCO
14.3.12 ODE
14.3.13 Takasago Electric
14.3.14 YPC
14.3.15 PRO UNI-D
14.3.16 Airtac
