Industry Background:
Electromagnetic valves are used wherever fluid flow has to be controlled automatically. They are being used to an increasing degree in the most varied types of plants and equipment. The variety of different designs which are available enables a valve to be selected to specifically suit the application in question. They are control units which, when electrically energized or de-energized, either shut off or allow fluid flow.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Emerson Electric Co. (United States), Christian Bürkert GmbH & Co. KG (Germany), Curtiss-Wright Corporation (U.S.), Danfoss A/S (Denmark), GSR Ventiltechnik GmbH & Co. KG (Germany), Parker Hannifin (United States), Kendrion (Netherlands), Burkert (Germany), CEME S.p.A. (Italy) and CKD Corporation (Japan) |
This growth is primarily driven by Rising Adoption of Electromagnetic Valves in the Food & Beverages Industry and Pharmaceutical Industry and Rapidly Shift to Renewable Sources for Power Generation.
Globally, a noticeable market trend is evident Increasing Adoption of Electromagnetic Valves in A Wide Range of Process Industries Major Manufacturers, such as Emerson Electric Co. (United States), Christian Bürkert GmbH & Co. KG (Germany), Curtiss-Wright Corporation (U.S.), Danfoss A/S (Denmark), GSR Ventiltechnik GmbH & Co. KG (Germany), Parker Hannifin (United States), Kendrion (Netherlands), Burkert (Germany), CEME S.p.A. (Italy) and CKD Corporation (Japan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Developments in the Market:
In Dec. 2018 Emerson announced it has acquired Advanced Engineering Valves (A.E. Valves), a leading manufacturer of innovative valve technology that helps LNG customers operate more efficiently. The transaction will enable Emerson, a global leader in automation solutions and technology, to provide its customers with the world’s broadest portfolio of valves to improve process performance and reliability. Terms of the deal were not disclosed.
In May 2022, Emerson announced that its AVENTICS™ Series Advanced Valve (AV) valve system with Advanced Electronic System (AES) ProfNet and Ethernet/IP is now available with preinstalled Open Platform Communications Unified Architecture (OPC UA) functionality, making it the first and only valve system to offer this directly integrated capability.
Influencing Trend:
Increasing Adoption of Electromagnetic Valves in A Wide Range of Process Industries
Market Growth Drivers:
Rising Adoption of Electromagnetic Valves in the Food & Beverages Industry and Pharmaceutical Industry and Rapidly Shift to Renewable Sources for Power Generation
Challenges:
Reliability of Solenoid Valve.
Restraints:
Technical Problems Associated With Pharmaceutical Industry may Affect the Market
Opportunities:
Increasing Demand form End-use Industries like Wastewater Treatment Industries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Electromagnetic Valves Market
- Analysis about New Entrants in Electromagnetic Valves Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Electromagnetic Valves Study Sheds Light on
The Electromagnetic Valves Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Electromagnetic Valves industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Electromagnetic Valves industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.