About Solenoid Valves
Solenoid valves are control units which, when electrically energized or de-energized, either shut off or allow fluid flow helps in controlling all the required above actions. In the approaching years, there is a cumulative demand for solenoid valve in the regions of the United States and Europe. It is one of the drivers that is expected to drive the market for more advanced valves. The rising growth in government funds in the countries and the renovation of old technology is boosting the growth in the United States and Europe Industries. Moreover, globally, the Solenoid Valve industry is low intense as the manufacturing technology of Solenoid Valve is comparatively matures than some high-tech equipment.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | North America |
Unit | Value (USD Million) |
CAGR | 4.9% |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Solenoid Valves market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Emerson Electric Co. (ASCO Valve) {United States}, PARKER HANNIFIN CORP {United States}, Danfoss Group {Denmark}, Festo Corporation {Germany}, SMC Corporation {Japan}, Bosch Rexroth AG {Germany}, Christian Bürkert GmbH & Co. KG {Germany}, CKD Corporation {Japan}, IMI (Norgren) {United Kingdom}, AVCON Controls {India}, Spirax Sarco {United Kingdom}, Honeywell International Inc. {United States}, INDUS (GSR Ventiltechnik GmbH & Co. KG) {Denmark}, Metal Work Pneumatic S.p.A {Italy} and Takasago Electric, Inc. {Japan} are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Valcor Engineering Corporation {United States}, Humphrey Products {United States}, HydraForce, Inc. {United States}, MAC Valves {United States} and Others.
Segmentation Overview
AMA Research has segmented the market of Global Solenoid Valves market by Type (2-Way Solenoid Valves, 3-Way Solenoid Valves and 4-Way Solenoid Valves), Application (Fluid Control, Gas Control, Steam Control, Cryogenic Applications, High-Pressure Applications, Vacuum Applications and Others) and Region.
On the basis of geography, the market of Solenoid Valves has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2023. If we see Market by End-User Industry, the sub-segment i.e. Oil & Gas will boost the Solenoid Valves market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Current Type, the sub-segment i.e. AC (Alternating Current) will boost the Solenoid Valves market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. Stainless Steel will boost the Solenoid Valves market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of these Valves in Hotels Rooms for Locking Purpose e.g. Doors and Offices
Market Growth Drivers:
Increasing Adoption of Solenoid Valves in the Food & Beverages Industry and Shift to Renewable Sources for Power Generation
Challenges:
Reliability of Solenoid Valve and Issues Related to Technological Failure of these Valves
Restraints:
Technical Problems Associated with Solenoid Valves may Affect the Market
Opportunities:
Increasing Demand for Wastewater Treatment Industries and Growing Adoption of Solenoid Valves in a Wide Range of Process Industries
Market Leaders and their expansionary development strategies
In 2020, GEMÜ Gebr. Germany-based Müller Apparatebau, a leading global supplier of sterile valves for the pharmaceutical and biotech industries, has launched the new GEMÜ M75 process solenoid valve with pressure compensation. The new direct control process solenoid valve with an innovative bellows system uses the innovative double bellows principle to compensate for pressure. and In 2020, Pierburg GmbH, part of the technology group Rheinmetall, has announced that it has entered into a strategically important contract for the supply of diverter air valves for use in exhaust gas turbochargers of vehicles with internal combustion engines or hybrid drivelines. The Rheinmetall Automotive subsidiary has become a major supplier for a worldwide range of engines from a well-known Korean manufacturer.
In 2020, Emerson has introduced the Advanced Redundant Control System (ARCS) to increase operational reliability in emergency stop situations. The ARCS features two or four electrically actuated solenoid valves, visual indicators, and manually controlled bypass or shutoff valves. ARCS is the only safety system in the industry with individual valve isolation for on-line maintenance without process interruption. and In Apr 2019, Eaton launched a compact, simplified solenoid valve to increase the accuracy of off-highway vehicles’ fluid control. The new five-way, three-position proportional ESVL9 screw-in cartridge valve features an integrated load-sense check control and provides a 21% manifold reduction in size compared with other five-ported directional control valves in the market.
Key Target Audience
Solenoid valve equipment products and solutions providers, Solenoid valve service providers, Research organizations and consulting companies, Associations, organizations, forums, and alliances related to solenoid valve engineering, Government bodies and End users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.