Market Overview:
The global steam solenoid valve 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 steam solenoid valves from various end-use industries, such as printing, textiles, plastics, food & beverage and others. In addition, the growing demand for energy-efficient and environment-friendly technologies is also contributing to the growth of this market. Based on type, the global steam solenoid valve market can be segmented into saturated steam solenoid valves and superheated steam solenoid valves. Saturated Steam Solenoid Valves are used in applications where low or moderate pressure drop is required and temperature range up to 350 degrees Fahrenheit (177 degrees Celsius).
Product Definition:
A steam solenoid valve is a valve that uses a solenoid to control the flow of steam. It is important because it allows for the control of the flow of steam, which can be used to power machinery or heat buildings.
Saturated Steam Solenoid Valves:
Saturated steam solenoid valve is a device that controls the flow of a liquid or gas in an enclosed vessel. It is used to control pressure and flow in process industries such as chemical, petrochemical, oil & gas and power generation. The product has applications across various end-use industries due to its ability to withstand high temperatures along with operating at low pressures.
The product’s design incorporates safety features such as automatic overpressure release.
Superheated Steam Solenoid Valves:
Superheated steam solenoid valves are used in process industries such as petrochemical, chemical and oil & gas where high-temperature processes need to be handled. These devices are widely used across the globe in various applications which include super heaters for heating liquids, cooling and sterilization processes. The global market is expected to witness significant growth over the forecast period owing to its ability of handling extreme temperature conditions along with providing safety against accidents caused by overheating.
Application Insights:
The global steam solenoid valve market is segmented on the basis of application into printing, texture, plastic, food & beverage and others. The food & beverage application segment accounted for a major share in 2017 and is expected to witness significant growth over the forecast period. This can be attributed to increasing demand for packaged foods as well as beverages across the globe.
The texturing process uses a large number of valves due to its high-temperature nature which requires a high degree of precision in order not to damage or deform any part of the machine being textured. Moreover, these valves are used in various other applications such as metalworking where they are used with rotary blades where they act as an air control valve thereby controlling flow from low pressure areas (around 0.5 bar)to high pressure areas (around 5 bar).
Regional Analysis:
Europe dominated the global market in terms of revenue share in 2017. The region is expected to witness moderate growth over the forecast period owing to stringent regulatory scenario and rising demand for automation across various industries. Asia Pacific is projected to be one of the fastest-growing regions with a CAGR exceeding 5% from 2018 to 2030 due to increasing infrastructure activities, especially in China and India, growing food & beverage industry, and expanding printing industry. In addition, factors such as low labor cost along with improving economic conditions are anticipated to drive regional growth over the forecast period. North America also accounted for a significant revenue share in 2017 owing to high demand from end-use industries such as food & beverages and printing where solenoid valves are used for controlling steam flow rate or opening/closing of valve stem by actuating steam pressure acting on camshafts or other actuators driven by motorized rotation gears connected through gears boxes etc.
Growth Factors:
- Increasing demand for automation in various industries
- Rising requirement for energy-efficient systems
- Growing popularity of solenoid valves in HVAC applications
- Proliferation of smart factories and IIoT across the globe
- Technological advancements in solenoid valve design and manufacturing
Scope Of The Report
Report Attributes
Report Details
Report Title
Steam Solenoid Valve Market Research Report
By Type
Saturated Steam Solenoid Valves, Superheated Steam Solenoid Valves
By Application
Printing, Texture, Plastic, Food & Beeverage, Others
By Companies
ASCO, Kendrion, Danfoss, Parker, Burkert, SMC, Norgren, CKD, CEME, Sirai, Saginomiya
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Steam Solenoid Valve Market Report Segments:
The global Steam Solenoid Valve market is segmented on the basis of:
Types
Saturated Steam Solenoid Valves, Superheated Steam 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
Printing, Texture, Plastic, Food & Beeverage, 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:
- ASCO
- Kendrion
- Danfoss
- Parker
- Burkert
- SMC
- Norgren
- CKD
- CEME
- Sirai
- Saginomiya
Highlights of The Steam 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:
- Saturated Steam Solenoid Valves
- Superheated Steam Solenoid Valves
- By Application:
- Printing
- Texture
- Plastic
- Food & Beeverage
- 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 Steam 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 steam solenoid valve is a valve that uses the heat of steam to open and close.
Some of the major players in the steam solenoid valve market are ASCO, Kendrion, Danfoss, Parker, Burkert, SMC, Norgren, CKD, CEME, Sirai, Saginomiya.
The steam solenoid valve 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. Steam Solenoid Valve 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. Steam Solenoid Valve Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Steam Solenoid Valve Market - Supply Chain
4.5. Global Steam Solenoid Valve Market Forecast
4.5.1. Steam Solenoid Valve Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Steam Solenoid Valve Market Size (000 Units) and Y-o-Y Growth
4.5.3. Steam Solenoid Valve Market Absolute $ Opportunity
5. Global Steam Solenoid Valve 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. Steam Solenoid Valve Market Size and Volume Forecast by Type
5.3.1. Saturated Steam Solenoid Valves
5.3.2. Superheated Steam Solenoid Valves
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Steam Solenoid Valve 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. Steam Solenoid Valve Market Size and Volume Forecast by Application
6.3.1. Printing
6.3.2. Texture
6.3.3. Plastic
6.3.4. Food & Beeverage
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Steam Solenoid Valve 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. Steam Solenoid Valve 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 Steam Solenoid Valve 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. Steam Solenoid Valve 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 Steam Solenoid Valve Demand Share Forecast, 2019-2026
9. North America Steam Solenoid Valve 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 Steam Solenoid Valve 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 Steam Solenoid Valve Market Size and Volume Forecast by Application
9.4.1. Printing
9.4.2. Texture
9.4.3. Plastic
9.4.4. Food & Beeverage
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Steam Solenoid Valve Market Size and Volume Forecast by Type
9.7.1. Saturated Steam Solenoid Valves
9.7.2. Superheated Steam 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 Steam Solenoid Valve Demand Share Forecast, 2019-2026
10. Latin America Steam Solenoid Valve 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 Steam Solenoid Valve 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 Steam Solenoid Valve Market Size and Volume Forecast by Application
10.4.1. Printing
10.4.2. Texture
10.4.3. Plastic
10.4.4. Food & Beeverage
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Steam Solenoid Valve Market Size and Volume Forecast by Type
10.7.1. Saturated Steam Solenoid Valves
10.7.2. Superheated Steam 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 Steam Solenoid Valve Demand Share Forecast, 2019-2026
11. Europe Steam Solenoid Valve 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 Steam Solenoid Valve 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 Steam Solenoid Valve Market Size and Volume Forecast by Application
11.4.1. Printing
11.4.2. Texture
11.4.3. Plastic
11.4.4. Food & Beeverage
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Steam Solenoid Valve Market Size and Volume Forecast by Type
11.7.1. Saturated Steam Solenoid Valves
11.7.2. Superheated Steam Solenoid Valves
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 Steam Solenoid Valve Demand Share, 2019-2026
12. Asia Pacific Steam Solenoid Valve 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 Steam Solenoid Valve 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 Steam Solenoid Valve Market Size and Volume Forecast by Application
12.4.1. Printing
12.4.2. Texture
12.4.3. Plastic
12.4.4. Food & Beeverage
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Steam Solenoid Valve Market Size and Volume Forecast by Type
12.7.1. Saturated Steam Solenoid Valves
12.7.2. Superheated Steam 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 Steam Solenoid Valve Demand Share, 2019-2026
13. Middle East & Africa Steam Solenoid Valve 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 Steam Solenoid Valve 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 Steam Solenoid Valve Market Size and Volume Forecast by Application
13.4.1. Printing
13.4.2. Texture
13.4.3. Plastic
13.4.4. Food & Beeverage
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Steam Solenoid Valve Market Size and Volume Forecast by Type
13.7.1. Saturated Steam Solenoid Valves
13.7.2. Superheated Steam 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 Steam Solenoid Valve Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Steam Solenoid Valve Market: Market Share Analysis
14.2. Steam Solenoid Valve Distributors and Customers
14.3. Steam Solenoid Valve 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. Sirai
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Saginomiya
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
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