Market Overview:
The global marine 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 market can be attributed to the increasing demand for marine solenoid valves from various end-use industries, such as gas control and fluid control. In terms of type, the direct-acting solenoid valve segment is expected to lead the global marine solenoid valves market during the forecast period, owing to its high efficiency and low maintenance requirements. In terms of application, gas control is expected to be one of the fastest-growing segments in the global marine solenoid valves market duringthe forecast period.
Product Definition:
A marine solenoid valve is an electromechanical device that uses electric current to open and close a valve. Marine solenoid valves are used in a variety of applications, including engines, transmissions, and fuel systems. They are important because they allow for the control of fluids and gases in marine engines and systems.
Direct-acting Solenoid Valve:
A direct-acting solenoid valve is a one-way valve that controls the flow of a liquid or gas in response to the position of a control rod. The mechanism works as follows: A solenoid coil is located inside the valve, and electric current flows through this coil in response to the position of a control lever. This current produces magnetic fields, which act on the diaphragm and cause it to move backward or forward, thereby controlling fluid flow through the channel.
Sub-step Direct-acting Solenoid Valve:
Sub-step direct-acting solenoid valve is a type of marine solenoid valve that uses sub-step motion for controlling the flow. The design of this valve allows it to act as an efficient barrier against backflow and protects the system from damage caused by premature opening.
The growing demand for energy in developing countries has led to investments in various industries such as oil & gas, power generation, and renewable energy among others.
Application Insights:
The gas control segment dominated the global marine solenoid valves market in 2017 and is expected to witness significant growth over the forecast period. The growing demand for natural gas as an energy source is anticipated to drive the demand for these valves in this application. In addition, increasing exploration activities for shale gas are further expected to augment product demand over the next eight years.
Fluid control applications include oil & gas, chemical processing industries and others such as food & beverage and pulp & paper industry among others. Increasing industrialization along with rising consumption of petroleum products such as oil, gasoline and diesel fuel across various end-use industries globally has resulted in high product penetration in fluid control applications which was valued at USD 618 million in 2017 owing to its ability to regulate flow from low-pressure areas with a minimum amount of leakage or back pressure loss during switching between two different pressures without using any additional components or devices other than solenoids valve itself which reduces operational cost by 30%.
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. Increasing demand for oil & gas, chemicals, and water treatment services is also likely to drive the regional market growth over the forecast period.
The North America market was valued at USD X million in 2017 owing to high consumption of solenoid valves in petroleum refining applications along with their extensive usage in chemical processing industries across U.S., Canada, and Mexico for controlling gases/fluids at different stages of production processes are some major factors driving this regional market growth over the projected period from 2018 to 2030 (USD X = INR 66.666666667).
Growth Factors:
- Increasing demand for automation in marine industry
- Rising popularity of electric and hybrid boats
- Growing number of cruise ships and ferries
- Proliferation of smart valves with features like remote monitoring and control
- Development of new applications for solenoid valves in marine sector
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Solenoid Valves Market Research Report
By Type
Direct-acting Solenoid Valve, Sub-step Direct-acting Solenoid Valve, Pilot-type Solenoid Valve
By Application
Gas Control, Fluid Control
By Companies
ASCO, Kendrion, Danfoss, Parker, Burkert, SMC, Norgren, CKD, CEME, Emerson, Honeywell, Zhejiang Sanhua, Saginomiya, Takasago Electric, Hushan Valve Manufacturing, Anshan Electromagnetic Valve
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Marine Solenoid Valves Market Report Segments:
The global Marine Solenoid Valves market is segmented on the basis of:
Types
Direct-acting Solenoid Valve, Sub-step Direct-acting Solenoid Valve, Pilot-type 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
Gas Control, Fluid Control
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
- Emerson
- Honeywell
- Zhejiang Sanhua
- Saginomiya
- Takasago Electric
- Hushan Valve Manufacturing
- Anshan Electromagnetic Valve
Highlights of The Marine 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
- Pilot-type Solenoid Valve
- By Application:
- Gas Control
- Fluid Control
- 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 Marine 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 marine solenoid valve is a type of valve used on ships and boats to control the flow of water. The valves are made out of metal and are closed by a spring when pressure is applied to the handle, allowing water to flow in one direction. When the pressure is released, the spring pulls the handle back, closing off the flow of water.
Some of the major players in the marine solenoid valves market are ASCO, Kendrion, Danfoss, Parker, Burkert, SMC, Norgren, CKD, CEME, Emerson, Honeywell, Zhejiang Sanhua, Saginomiya, Takasago Electric, Hushan Valve Manufacturing, Anshan Electromagnetic Valve.
The marine solenoid valves market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Marine Solenoid Valves 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. Marine Solenoid Valves Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Marine Solenoid Valves Market - Supply Chain
4.5. Global Marine Solenoid Valves Market Forecast
4.5.1. Marine Solenoid Valves Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Marine Solenoid Valves Market Size (000 Units) and Y-o-Y Growth
4.5.3. Marine Solenoid Valves Market Absolute $ Opportunity
5. Global Marine Solenoid Valves 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. Marine Solenoid Valves Market Size and Volume Forecast by Type
5.3.1. Direct-acting Solenoid Valve
5.3.2. Sub-step Direct-acting Solenoid Valve
5.3.3. Pilot-type Solenoid Valve
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Marine Solenoid Valves 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. Marine Solenoid Valves Market Size and Volume Forecast by Application
6.3.1. Gas Control
6.3.2. Fluid Control
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Marine Solenoid Valves 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. Marine Solenoid Valves 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 Marine Solenoid Valves 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. Marine Solenoid Valves 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 Marine Solenoid Valves Demand Share Forecast, 2019-2026
9. North America Marine Solenoid Valves 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 Marine Solenoid Valves 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 Marine Solenoid Valves Market Size and Volume Forecast by Application
9.4.1. Gas Control
9.4.2. Fluid Control
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Marine Solenoid Valves Market Size and Volume Forecast by Type
9.7.1. Direct-acting Solenoid Valve
9.7.2. Sub-step Direct-acting Solenoid Valve
9.7.3. Pilot-type Solenoid Valve
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 Marine Solenoid Valves Demand Share Forecast, 2019-2026
10. Latin America Marine Solenoid Valves 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 Marine Solenoid Valves 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 Marine Solenoid Valves Market Size and Volume Forecast by Application
10.4.1. Gas Control
10.4.2. Fluid Control
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Marine Solenoid Valves Market Size and Volume Forecast by Type
10.7.1. Direct-acting Solenoid Valve
10.7.2. Sub-step Direct-acting Solenoid Valve
10.7.3. Pilot-type Solenoid Valve
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 Marine Solenoid Valves Demand Share Forecast, 2019-2026
11. Europe Marine Solenoid Valves 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 Marine Solenoid Valves 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 Marine Solenoid Valves Market Size and Volume Forecast by Application
11.4.1. Gas Control
11.4.2. Fluid Control
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Marine Solenoid Valves Market Size and Volume Forecast by Type
11.7.1. Direct-acting Solenoid Valve
11.7.2. Sub-step Direct-acting Solenoid Valve
11.7.3. Pilot-type Solenoid Valve
11.8. Basis Point Share(BPS) Analysis by Type
11.9. Y-o-Y Growth Projections 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 Marine Solenoid Valves Demand Share, 2019-2026
12. Asia Pacific Marine Solenoid Valves 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 Marine Solenoid Valves 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 Marine Solenoid Valves Market Size and Volume Forecast by Application
12.4.1. Gas Control
12.4.2. Fluid Control
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Marine Solenoid Valves Market Size and Volume Forecast by Type
12.7.1. Direct-acting Solenoid Valve
12.7.2. Sub-step Direct-acting Solenoid Valve
12.7.3. Pilot-type Solenoid Valve
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 Marine Solenoid Valves Demand Share, 2019-2026
13. Middle East & Africa Marine Solenoid Valves 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 Marine Solenoid Valves 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 Marine Solenoid Valves Market Size and Volume Forecast by Application
13.4.1. Gas Control
13.4.2. Fluid Control
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Marine Solenoid Valves Market Size and Volume Forecast by Type
13.7.1. Direct-acting Solenoid Valve
13.7.2. Sub-step Direct-acting Solenoid Valve
13.7.3. Pilot-type Solenoid Valve
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 Marine Solenoid Valves Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Marine Solenoid Valves Market: Market Share Analysis
14.2. Marine Solenoid Valves Distributors and Customers
14.3. Marine Solenoid Valves Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ASCO
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Kendrion
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Danfoss
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Parker
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Burkert
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. SMC
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Norgren
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. CKD
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. CEME
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Emerson
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Honeywell
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Zhejiang Sanhua
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Saginomiya
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Takasago Electric
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Hushan Valve Manufacturing
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Anshan Electromagnetic Valve
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
