Solenoid Valves Market Insights
According to MRFR analysis, Solenoid Valves market is expected to register a CAGR of 4.60 % from 2023 to 2032 and hold a value of over USD 8.2 Billion by 2030. The solenoid valves market is a segment of the global industrial valves industry that specializes in the production and distribution of solenoid valves. Solenoid valves are electromechanical devices used to control the flow of liquids or gases by using an electric current to open or close the valve. The solenoid valves market has witnessed significant growth in recent years and is expected to continue expanding. Factors driving this growth include increasing industrial automation, the need for efficient fluid control systems, and advancements in solenoid valve technology.
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Key Players
- Asco Valve Inc. (U.S.),
- Curtiss-Wright Corporation (U.S.),
- Parker Hannifin Corporation (U.S.),
- F. Piping Systems (Switzerland),
- IMI PLC (England),
- SMC Corporation (Japan),
- OMEGA Engineering (U.S.),
- Danfoss A/S (Denmark),
- Christian Bürkert GmbH Co. Kg (Germany),
- Rotex Controls B.V. (Netherlands),
- GSR Ventiltechnik GmbH Co. K.G. (Germany),
- The Lee Company (U.S.),
- Aira Euro Automation Pvt. Ltd (India),
- Cole-Parmer Instrument Company LLC (U.S.),
- Hansen Technologies (U.S.), Cla-Val (U.S.)
Regional Analysis
The North American market is expected to have a significant share in the solenoid valves market. The United States and Canada are the major contributors to the market growth in this region. The presence of several industries such as oil and gas, chemical, pharmaceutical, and water and wastewater treatment drives the demand for solenoid valves.
Europe is another prominent region in the solenoid valves market. Countries like Germany, the United Kingdom, France, and Italy are key contributors to market growth. The industrial automation sector, along with the presence of manufacturing and process industries, fuels the demand for solenoid valves in this region.
The Asia Pacific region is witnessing significant growth in the solenoid valves market. Countries like China, India, Japan, and South Korea are major players in this region. The expanding manufacturing sector, infrastructure development, and increasing investments in industrial automation contribute to the market growth.
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Market Segmentation
Solenoid Valves market has been segmented into type, Body Material, Operating Type and end-user.
Type : 2 Way , 3 Way , 4 Way , 5 Way
Body Material: Brass Body, Stainless Steel, Aluminum Body, Plastic Body
Operating Type: Direct, Semi-Direct, Indirect
End-User: Chemical Petrochemical, Oil Gas, Food Beverages, Waste Wastewater, Power Generation, Automotive, Pharmaceuticals, Medical
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