Market Overview:
The global solenoid valve market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for solenoid valves from various end-use industries, such as oil and gas, chemical and petrochemical, water and wastewater, food and beverages, power generation, pharmaceuticals, automotive, medical and others. In addition to this, the growing demand for energy-efficient valves is also contributing significantly towards the growth of the global solenoid valve market.
Product Definition:
A solenoid valve is an electromechanical device that uses an electric current to control the flow of fluid through a pipe. The solenoid valve is important because it allows for the automation of fluids in many different industries.
2-Way:
2-way solenoid valve is a pneumatic device that controls the flow of fluid in two directions. It can be used to control both, pressure and vacuum applications. The product finds application in various end-use industries such as oil & gas, chemical processing, food & beverage and power generation among others. Solenoid valves are widely used for controlling the flow of gases or liquids across multiple boundaries between different containers or pipes within a plant structure.
3-Way:
3-way solenoid valve is a combination of two valves, which can operate in three directions. The 3-way solenoid valve has the ability to open and close both ports simultaneously. It can be used for controlling gas, liquid and flow applications in industrial processes.
The increasing demand for automation across various industries including oil & gas, chemical processing, power generation and food & beverage is expected to drive the market growth over the forecast period.
Application Insights:
The oil and gas application segment accounted for the largest revenue share of over 40% in 2017. The global solenoid valve market is witnessing significant growth due to its use in hydraulic fracturing, which is a well-established technology across various regions. In addition, increasing demand for crude oil and natural gas across the globe has resulted in an increased number of drilling activities, thereby driving product demand.
The chemical and petrochemical industry is one of the leading end-use industries for valves owing to its requirement in numerous applications such as process control & safety devices, flow meters & controllers, heat exchangers & cooling systems among others. The growing need for automation within this industry will further boost market growth over the forecast period.
Solenoid valves are used extensively across water.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of increasing foreign investments coupled with rising industrial activities. China, India, Japan, South Korea and Taiwan are some of the major countries that form APAC.
China is one of the largest manufacturing hubs across various industries owing to low-cost labor and raw materials as well as easy access to energy sources such as coal, oil shale, peat etc., which are used for power generation purposes.
Growth Factors:
- Increasing demand for solenoid valves from the automotive industry as they are used in various applications such as air conditioning, power steering, and engine management systems.
- Growing demand for solenoid valves from the oil & gas industry due to their use in various applications such as hydraulic fracturing and pipeline transportation.
- Rising demand for solenoid valves from the water treatment industry due to their use in controlling water flow and regulating pressure levels.
- Increasing adoption of solenoid valves across different process industries owing to their ability to offer precise control over fluid flow rates and pressures
Scope Of The Report
Report Attributes
Report Details
Report Title
Solenoid Valve Market Research Report
By Type
2-Way, 3-Way, 4-Way, 5-Way
By Application
Oil and Gas, Chemical and Petrochemical, Water and Wastewater, Food and Beverages, Power Generation, Pharmaceuticals, Automotive, Medical, Others
By Companies
IMI, Parker Hannifin, Danfoss, Christian Burkert, ASCO Valve, Curtiss-Wright, GSR Ventiltechnik, A.u.K. Muller, IMI
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
140
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Solenoid Valve Market Report Segments:
The global Solenoid Valve market is segmented on the basis of:
Types
2-Way, 3-Way, 4-Way, 5-Way
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
Oil and Gas, Chemical and Petrochemical, Water and Wastewater, Food and Beverages, Power Generation, Pharmaceuticals, Automotive, Medical, Others
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:
- IMI
- Parker Hannifin
- Danfoss
- Christian Burkert
- ASCO Valve
- Curtiss-Wright
- GSR Ventiltechnik
- A.u.K. Muller
- IMI
Highlights of The Solenoid Valve 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:
- 2-Way
- 3-Way
- 4-Way
- 5-Way
- By Application:
- Oil and Gas
- Chemical and Petrochemical
- Water and Wastewater
- Food and Beverages
- Power Generation
- Pharmaceuticals
- Automotive
- Medical
- Others
- 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 Valve 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 solenoid valve is a type of valve that uses the flow of current to open and close. It works by using a coil of wire around a metal bar that is moved up and down by an electric current. When the current flows through the coil, it causes the metal bar to move up and down. This movement opens or closes the valve, depending on how much voltage is applied to the coil
Some of the major players in the solenoid valve market are IMI, Parker Hannifin, Danfoss, Christian Burkert, ASCO Valve, Curtiss-Wright, GSR Ventiltechnik, A.u.K. Muller, IMI.
The solenoid valve 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 Solenoid Valve 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 Solenoid Valve Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Solenoid Valve 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 Solenoid Valve 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 Solenoid Valve Market Size & Forecast, 2018-2028
4.5.1 Solenoid Valve Market Size and Y-o-Y Growth
4.5.2 Solenoid Valve Market Absolute $ Opportunity
Chapter 5 Global Solenoid Valve 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 Solenoid Valve Market Size Forecast by Type
5.2.1 2-Way
5.2.2 3-Way
5.2.3 4-Way
5.2.4 5-Way
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Solenoid Valve 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 Solenoid Valve Market Size Forecast by Applications
6.2.1 Oil and Gas
6.2.2 Chemical and Petrochemical
6.2.3 Water and Wastewater
6.2.4 Food and Beverages
6.2.5 Power Generation
6.2.6 Pharmaceuticals
6.2.7 Automotive
6.2.8 Medical
6.2.9 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Solenoid Valve 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 Solenoid Valve 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 Solenoid Valve Analysis and Forecast
9.1 Introduction
9.2 North America Solenoid Valve 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 Solenoid Valve Market Size Forecast by Type
9.6.1 2-Way
9.6.2 3-Way
9.6.3 4-Way
9.6.4 5-Way
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 Solenoid Valve Market Size Forecast by Applications
9.10.1 Oil and Gas
9.10.2 Chemical and Petrochemical
9.10.3 Water and Wastewater
9.10.4 Food and Beverages
9.10.5 Power Generation
9.10.6 Pharmaceuticals
9.10.7 Automotive
9.10.8 Medical
9.10.9 Others
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 Solenoid Valve Analysis and Forecast
10.1 Introduction
10.2 Europe Solenoid Valve 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 Solenoid Valve Market Size Forecast by Type
10.6.1 2-Way
10.6.2 3-Way
10.6.3 4-Way
10.6.4 5-Way
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 Solenoid Valve Market Size Forecast by Applications
10.10.1 Oil and Gas
10.10.2 Chemical and Petrochemical
10.10.3 Water and Wastewater
10.10.4 Food and Beverages
10.10.5 Power Generation
10.10.6 Pharmaceuticals
10.10.7 Automotive
10.10.8 Medical
10.10.9 Others
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 Solenoid Valve Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Solenoid Valve 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 Solenoid Valve Market Size Forecast by Type
11.6.1 2-Way
11.6.2 3-Way
11.6.3 4-Way
11.6.4 5-Way
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 Solenoid Valve Market Size Forecast by Applications
11.10.1 Oil and Gas
11.10.2 Chemical and Petrochemical
11.10.3 Water and Wastewater
11.10.4 Food and Beverages
11.10.5 Power Generation
11.10.6 Pharmaceuticals
11.10.7 Automotive
11.10.8 Medical
11.10.9 Others
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 Solenoid Valve Analysis and Forecast
12.1 Introduction
12.2 Latin America Solenoid Valve 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 Solenoid Valve Market Size Forecast by Type
12.6.1 2-Way
12.6.2 3-Way
12.6.3 4-Way
12.6.4 5-Way
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 Solenoid Valve Market Size Forecast by Applications
12.10.1 Oil and Gas
12.10.2 Chemical and Petrochemical
12.10.3 Water and Wastewater
12.10.4 Food and Beverages
12.10.5 Power Generation
12.10.6 Pharmaceuticals
12.10.7 Automotive
12.10.8 Medical
12.10.9 Others
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) Solenoid Valve Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Solenoid Valve 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) Solenoid Valve Market Size Forecast by Type
13.6.1 2-Way
13.6.2 3-Way
13.6.3 4-Way
13.6.4 5-Way
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) Solenoid Valve Market Size Forecast by Applications
13.10.1 Oil and Gas
13.10.2 Chemical and Petrochemical
13.10.3 Water and Wastewater
13.10.4 Food and Beverages
13.10.5 Power Generation
13.10.6 Pharmaceuticals
13.10.7 Automotive
13.10.8 Medical
13.10.9 Others
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 Solenoid Valve Market: Competitive Dashboard
14.2 Global Solenoid Valve Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IMI
14.3.2 Parker Hannifin
14.3.3 Danfoss
14.3.4 Christian Burkert
14.3.5 ASCO Valve
14.3.6 Curtiss-Wright
14.3.7 GSR Ventiltechnik
14.3.8 A.u.K. Muller
14.3.9 IMI
