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Solenoid Valves Market (2021 - 2026)

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    Report

  • 76 Pages
  • March 2021
  • Region: Global
  • IndustryARC
  • ID: 3652025

Solenoid Valves Market Overview:


According to Trade Map statistics, taps and valves valued at $95,255,390 were imported throughout the world in the year 2020. Such is the massive requirement of valves in the current industrial scenario as they are useful in controlling hydraulic systems in boilers and heaters. A massive division of this export belongs to the solenoid market which is being used for multiple purposes now. The solenoid valves market has a large end-user industry which includes water treatment plants, power generation plants, chemical industry, food and beverage industry, and many others. The most important end user industry is automotive in which solenoid valves are used in starting systems of trucks and cars. On starting a vehicle, the current passes from the battery to the valve which in turns generates power in the car or truck. Without these valves, driving a vehicle is almost impossible, which is why this application segment is expected to grow with a healthy compound annual growth rate (CAGR) of 5.30% during the forecast period of 2021-2026.

In the year 2020, the global solenoid market had an estimated size of $3.81 billion. During the forecast period of 2021-2026, this market will experience a standard growth with a CAGR of 4.31%.

Solenoid Valves Market Outlook:


A solenoid valve is an electromechanical device which is used wherever flow of a fluid needs to be controlled automatically. These valves have almost become a necessity in large scale industrial plants as they are extensively used in boilers for automatic control of fluids. Solenoid valves work on the physics principle of electromagnetism and are of many different types including two-port, three-port, and four-port valves, micro-miniature Valves, pinch valves, direct-acting, direct-acting 2-way, direct-acting 3-way, internally piloted solenoid valve, internally piloted 2-way, internally piloted multi-way, and externally piloted solenoid valve. Since APAC region is leading in automotive production with Japan and China extensively producing in this sector, solenoid valves market demand is high here. In the year 2020, the solenoid valve market size was 37.36% and is expected to attain more growth in the forecast period of 2021-2026.

Solenoid Valves Market Growth Drivers:

  • Wastewater Management

Human beings are polluting water at an unprecedented rate. According to the Environment department of Queensland Government, 200-300 litres of wastewater is produced per person every single day. With rising population, treating this water for re-usage has become extremely essential and can only be done fruitfully in an industrial set up. Industries of wastewater management extensively demand solenoid valves for efficient treatment of this water, thereby generating a high demand for this market.
  • Refrigeration Technology

According to a report published by analysts the cryogen free dilution refrigerators market is expected to increment at a robust CAGR of 12% during the forecast period of 2021-2026. This technology would be redundant without the use of solenoid valves and would lead to loss of a lot of market revenue since cryogen refrigerant technology is used in a multitude of industrial sectors including nuclear power, computer science, and others. This has provided a lot of impetus to the solenoid valve market and increased its demand universally.

Solenoid Valves Market Challenges:


Key market players in the solenoid valves market often face the challenge of technological failure. Sometimes due to power failure or uneven pressure, the solenoid valves may not function and lead to large scale industrial loss. To combat this challenge, companies should regularly test the product before releasing them into the market as well as schedule servicing of these valves in the industries.

Solenoid Valves Market Key Players Perspective:


Solenoid valves market has several key market players including Asco (Emerson), Parker, IMI PLC (Norgren), Eaton, Denso Corp., Bosch Rexroth, Danfoss A/S, Burkert Fluid Control Systems, ITT Inc., and Curtiss-Wright.

Eaton is a company specialising in power management founded in the US but with headquarters in Dublin. They are one of the leading producers of solenoid valves with their specialisation in screw-in cartridge valves. These valves are equipped with ingress protection which provides with maximum flexibility in order to completely control the hydraulic systems.

Solenoid Valves Market Trends:

  • Used For Locking Purposes In Hotels

In order to make hotel rooms more secure, solenoid valves are being used for locking the doors and offices. These valves are connected and fitted in the locking mechanism of the doors. On the door being locked, these valves do not draw any power from the battery but the minute the door is open, the lights of a room automatically switch on. This has provided popularity to the market and disrupted the solenoid valves market. This technology is now being spread to other products and areas where security is required such as vending machines, parking areas, remote access systems, and others.

Solenoid Valves Market Research Scope

The base year of the study is 2021, with forecast done up to 2026. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Solenoid Valves Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of cheese in the Solenoid Valves Market, and their specific applications in different areas.

Solenoid Valves Market Report: Industry Coverage


The solenoid valves market can be segmented on the basis of type, component, seal, operation, and industry. Based on type, the market can be segmented into two way valves, three way valves, and four way valves. On the basis of component, the market can be fragmented into coil, plunger, seal, and others. By seal, the market can be divided into Nitrile Rubber, EPDM, fluroelastomer, ruby, PUR, Polytetrafluoroethylene, chloroprene, and others. By operation, the market can be divided into direct acting valves, pilot operated valves, manual reset valves, and others. And on the basis of industry, the market can be bifurcated into aerospace and defense, automobile, oil and gas, mining, steel, railways, water and waste management, chemical industry, pulp and paper, and food and beverage.

The Solenoid Valves Market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:

  • North America: The U.S., Canada, Mexico
  • South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
  • Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
  • APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
  • Middle East and Africa: Israel, South Africa, Saudi Arabia

Table of Contents

1. Solenoid Valves Market - Market Overview
1.1. Definitions and Scope
2. Solenoid Valves Market - Executive Summary
2.1. Market Revenue, Market Size and Key Trends by Company
2.2. Key Trends by Type of Application
2.3. Key Trends Segmented by Geography
3. Solenoid Valves Market
3.1. Comparative analysis
3.1.1. Product Benchmarking - Top 10 Companies
3.1.2. Top 5 Financials Analysis
3.1.3. Market Value Split by Top 10 Companies
3.1.4. Patent Analysis - Top 10 Companies
3.1.5. Pricing Analysis
4. Solenoid Valves Market – Startup Companies Scenario
4.1. Top 10 Startup Company Analysis by
4.1.1. Investment
4.1.2. Revenue
4.1.3. Market Shares
4.1.4. Market Size and Application Analysis
4.1.5. Venture Capital and Funding Scenario
5. Solenoid Valves Market Forces
5.1. Drivers
5.2. Constraints
5.3. Challenges
5.4. Porter’s Five Force Model
5.4.1. Bargaining Power of Suppliers
5.4.2. Bargaining Power of Customers
5.4.3. Threat of New Entrants
5.4.4. Rivalry Among Existing Players
5.4.5. Threat of Substitutes
6. Solenoid Valves Market – Strategic Analysis
6.1. Value Chain Analysis
6.2. Opportunities Analysis
6.3. Product Life Cycle
6.4. Suppliers and Distributors Market Share
7. Solenoid Valves Market – By Type (Market Size - $Million/$Billion)
7.1. Market Size and Market Share Analysis
7.2. Application Revenue and Trend Research
7.3. Product Segment Analysis
7.3.1. Two way Valves
7.3.2. Three way Valves
7.3.3. Four way Valves
7.3.4. Others
8. Solenoid Valves Market – By Seal (Market Size - $Million/$Billion)
8.1. Nitrile Rubber (NBR)
8.2. Ethylene Propylene Diene monomer (EPDM)
8.3. Fluroelastomer
8.4. Ruby
8.5. PUR
8.6. Polytetrafluoroethylene
8.7. Chloroprene
8.8. Others
9. Solenoid Valves Market – By Operation (Market Size - $Million/$Billion)
9.1. Direct Acting Valves
9.2. Pilot Operated valves
9.3. Manual Reset valves
9.4. Others
10. Solenoid Valves Market – By Industry (Market Size - $Million/$Billion)
10.1. Segment Type Size and Market Share Analysis
10.2. Application Revenue and Trends by Type of Application
10.3. Application Segment Analysis by Type
10.3.1. Aerospace and Defense.
10.3.1.1. Fuel systems
10.3.1.2. Armament equipment
10.3.1.3. Cockpit locks
10.3.1.4. Shutter actuators
10.3.2. Automobile.
10.3.2.1. Ignition systems
10.3.2.2. Gear box
10.3.2.3. Air conditioner systems
10.3.3. Oil & Gas
10.3.3.1. Drilling
10.3.3.2. Extraction
10.3.3.3. Transmission of crude oil
10.3.4. Mining
10.3.4.1. Dust control systems
10.3.4.2. Underground power stations
10.3.5. Steel
10.3.6. Railways
10.3.7. Water and waste water management
10.3.8. Chemical Industry.
10.3.8.1. Shut off of toxic
10.3.8.2. Direction of chemicals
10.3.9. Pulp and Paper
10.3.9.1. Sawdust control
10.3.9.2. Hydraulic lifts
10.3.9.3. Log misting systems
10.3.10. Food & Beverage
10.3.10.1. Filtration
10.3.10.2. Nitrogen and carbon dioxide injection
10.3.10.3. Poultry feeding systems
10.3.10.4. Spray arms
10.3.10. Power Generation
10.3.10.1. Boiler feed units
10.3.10.2. Steam control
10.3.10.3. Deluge systems
10.3.10.4. Hydraulic dock lifts
10.3.10.5. Steel mills
10.3.12. Pharmaceuticals
10.3.13. Cement
10.3.14. Healthcare
10.3.14.1. Water purification
10.3.14.2. Sterilizers
10.3.14.3. Breathing
10.3.15. Textile
10.3.16. Agriculture
10.3.17. Others
11. Solenoid Valves Market - By Geography
11.1. Solenoid Valves Market - Americas Segment Research
11.2. North America Market Research (Market Size - $Million/$Billion)
11.2.1. Segment Type Size and Market Size Analysis
11.2.2. Revenue and Trends
11.2.3. Application Revenue and Trends by Type of Application
11.2.4. Company Revenue and Product Analysis
11.2.5. North America Product type and Application Market Size
11.2.5.1. U.S.
11.2.5.2. Canada
11.2.5.3. Mexico
11.2.5.4. Others
11.3. Solenoid Valves Market - Americas Segment Research
11.4. South America Market Research (Market Size - $Million/$Billion)
11.4.1. Segment Type Size and Market Size Analysis
11.4.2. Revenue and Trends
11.4.3. Application Revenue and Trends by Type of Application
11.4.4. Company Revenue and Product Analysis
11.4.5. South America Product type and Application Market Size
11.4.5.1. Brazil
11.4.5.2. Venezuela
11.4.5.3. Argentina
11.4.5.4. Ecuador
11.4.5.5. Peru
11.4.5.6. Colombia
11.4.5.7. Costa Rica
11.4.5.8. Rest of South America
11.5. Solenoid Valves Market - Europe Segment Research
11.6. Europe Market Research (Market Size - $Million/$Billion)
11.6.1. Segment Type Size and Market Size Analysis
11.6.2. Revenue and Trends
11.6.3. Application Revenue and Trends by Type of Application
11.6.4. Company Revenue and Product Analysis
11.6.5. Europe Segment Product Type and Application Market Size
11.6.5.1. U.K.
11.6.5.2. Germany
11.6.5.3. Italy
11.6.5.4. Australia
11.6.5.5. France
11.6.5.6. Taiwan
11.6.5.7. Netherlands
11.6.5.8. Belgium
11.6.5.9. Spain
11.6.5.10. Denmark
11.6.5.10. Others
11.7. Solenoid Valves Market – APAC Segment Research
11.8. APAC Market Research (Market Size - $Million/$Billion)
11.8.1. Segment Type Size and Market Size Analysis
11.8.2. Revenue and Trends
11.8.3. Application Revenue and Trends by Type of Application
11.8.4. Company Revenue and Product Analysis
11.8.5. APAC Segment – Product type and Application Market Size
11.8.5.1. China
11.8.5.2. Japan
11.8.5.3. South Korea
11.8.5.4. India
11.8.5.5. Malaysia
11.8.5.6. Indonesia
11.8.5.7. Rest of Asia - Pacific
11.9. Solenoid Valves Market – RoW Segment Research
11.10. RoW Market Research (Market Size - $Million/$Billion)
11.10.1. Segment Type Size and Market Size Analysis
11.10.2. Revenue and Trends
11.10.3. Application Revenue and Trends by Type of Application
11.10.4. Company Revenue and Product Analysis
11.10.5. RoW Segment – Product type and Application Market Size
11.10.5.1. Middle East
11.10.5.2. Africa
12. Solenoid Valves Market – Market Entropy
12.1. New Product Launches
12.2. M&As, Collaborations, JVs, and Partnerships
13. Solenoid Valves Market – Industry/Segment Competition Landscape
13.1. Market Share Analysis
13.1.1. Market Share by Country - Top Companies
13.1.2. Market Share by Region - Top 10 Companies
13.1.3. Market Share by Type of Application – Top 10 Companies
13.1.4. Market Share by Type of Product/Product Category - Top 10 Companies
13.1.5. Market Share at Global Level - Top 10 Companies
13.1.6. Best Practices for Companies
14. Solenoid Valves Market Company Analysis
14.1. Market Share, Company Revenue, Products, M&A, Developments
14.2. Asco Valves
14.3. Pentair Ltd.
14.4. Parker Hannifin
14.5. Curtiss-Wright
14.6. Danfoss A/S
15. Solenoid Valves Market - Appendix
15.1. Abbreviations
15.2. Sources
16. Solenoid Valves Market - Research Methodology
16.1. Research Methodology
16.1.1. Company Expert Interviews
16.1.2. Industry Databases
16.1.3. Associations
16.1.4. Company News
16.1.5. Company Annual Reports
16.1.6. Application Trends
16.1.7. New Products and Product Database
16.1.8. Company Transcripts
16.1.9. R&D Trends
16.1.10. Key Opinion Leaders Interviews
16.1.11. Supply and Demand Trends

Methodology

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