Solenoid Valve Market Size, Share, Growth & Forecast 2025
As on date of publishing, this report will capture the impact assessment of COVID-19 on this market and the same will be considered in our market forecast model. Clients purchasing this report between April and June 2020 will be getting a ‘free’ updated market data excel sheet between July and September 2020 accounting for the impact of COVID-19 on the market in the current year 2020 and forecast.
Increasing process automation is expected to drive the growth of global solenoid valve market.
Global solenoid valve market is expected to grow at a steady rate during the forecast period. The global solenoid valve market is driven by the growing concerns pertaining to water pollution and need to remove organic pollutants from polluted water. This has increased the demand and need for wastewater treatment. The water treatment plants extensively require solenoid valves for performing different functions thereby propelling the market growth through 2025. Additionally, advantages such as affordability, reliability, compact size, safe & fast switching option, among others associated with solenoid valves is further expected to fuel the market growth over the next few years. However, power failure and voltage fluctuation issues can hamper the market growth during the forecast period.
The global solenoid valve market is segmented based on body material, design type, operating type, end user industry, company and region. Based on body material, the market can be categorized into stainless steel, brass, aluminium, plastic and others. The brass body material type is expected to dominate the market owing to the thermal conductivity and non-corrosive applications of brass. Based on end user industry, the market can be grouped into oil & gas, water & wastewater, food & beverage, chemical & petrochemical, power generation, automotive, pharmaceuticals and others. The oil & gas industry is expected to dominate the market owing to the extensive use of solenoid valves in oil & gas industry especially in the extraction process.
Regionally, the solenoid valve market has been segmented into various regions including Asia-Pacific, North America, South America, Europe, and Middle East & Africa. Among these regions, North America is expected to dominate the market share in the overall solenoid valve market owing to the extensive use of solenoid valves for oil & gas extraction and wastewater treatment.
The major players operating in the solenoid valve market are ASCO Valve, Inc., Christian Bürkert GmbH & Co. KG, Curtiss-Wright Corporation, Danfoss Industries Ltd., GSR Ventiltechnik GmbH & Co. KG, Emerson Electric Company, Eaton Corporation, IMI Precision Engineering, Parker Hannifin Corporation, Omega Engineering and others. Major companies are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
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Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
Objective of the Study:
- To analyze and estimate the market size of global solenoid valve market from 2015 to 2018.
- To estimate and forecast the market size of global solenoid valve market from 2019 to 2025 and growth rate until 2025.
- To classify and forecast global solenoid valve market based on body material, design type, operating type, end user industry, company and regional distribution.
- To identify dominant region or segment in the global solenoid valve market.
- To identify drivers and challenges for global solenoid valve market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global solenoid valve market.
- To identify and analyze the profile of leading players operating in global solenoid valve market.
- To identify key sustainable strategies adopted by market players in global solenoid valve market.
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of global solenoid valve market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Solenoid valve manufacturers/ suppliers/ distributors
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to solenoid valve
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, global solenoid valve market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Global Solenoid Valve Market, By Body Material:
- Stainless Steel
- Brass
- Aluminium
- Plastic
- Others
- Global Solenoid Valve Market, By Design Type:
- 2-way
- 3-way
- 4-way
- 5-way
- Global Solenoid Valve Market, By Operating Type:
- Direct
- Semi-Direct
- Indirect
- Global Solenoid Valve Market, By End User Industry:
- Oil & Gas
- Water & Wastewater
- Food & Beverage
- Chemical & Petrochemical
- Power Generation
- Automotive
- Pharmaceuticals
- Others
- Global Solenoid Valve Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
- South America
- Brazil
- Argentina
- Colombia
- North America
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TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.
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