PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1534381
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1534381
India Solenoid Valves Market, By Body Material; By Valve Design; By Industry; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
India Solenoid Valves Market Size Set to Grow at Steady CAGR of 3.3% to Value of USD 690 Million by 2030
India Solenoid Valves Market is growing due to the rising use of solenoid valves as they are compact and cost-effective, offer automatic flow control, prevent leaks, and consume less power compared to alternative mechanisms.
BlueWeave Consulting, a leading strategic consulting, and Market research firm, in its recent study, estimated the India Solenoid Valves Market size by value at USD 551.4 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the India Solenoid Valves Market size to expand at a CAGR of 3.3% reaching a value of USD 689.9 million in 2030. Several key factors are boosting the India Solenoid Valves Market. The demand for solenoid valves is increasing in water treatment plants, renewable energy projects, medical ventilators, food processing industries, and washing machines. In addition, solenoid valves play a prominent role in the automobile sector, for tasks like controlling valve timing and managing emissions. This helps engines run more efficiently. Notably, as infrastructure and industries expand across India, the demand for solenoid valves continues to rise.
Opportunity - Shift toward Natural Gas and Solar Energy
The India Solenoid Valves Market is growing rapidly due to their automatic flow control, compact size, leak-proof design, affordability, and energy efficiency. The shift towards natural gas and solar energy in the power industry increases demand for these valves in power generation. In addition, the expanding deployment of renewable energy, especially solar PV, further boosts the market, positioning solenoid valves for significant growth.
Impact of Escalating Geopolitical Tensions on India Solenoid Valves Market
The conflict between Russia and Ukraine, rising political tensions, and increasing oil prices have impacted the India Solenoid Valve Market. Despite the challenges, the Indian economy has shown strength and overcome the challenges through sensible fiscal policies and fiscal stimulus measures. As India continues to adapt its fiscal policy in the wake of COVID-19, it is important to strike a balance between fiscal and monetary policies to minimize the negative impact on economic growth and market volatility. These geopolitical changes present both challenges and opportunities for the India Solenoid Valves Market, which requires a coherent strategy to support growth in a changing world.
India Solenoid Valves Market
Segmental Coverage
India Solenoid Valves Market - By Body Material
Based on body material, India Solenoid Valves Market is divided into Stainless Steel, Brass, Aluminum, and Plastic segments. Stainless steel is the largest body material segment in the India Solenoid Valves Market. Solenoid valves in the food industry are chosen for their resilience in wet, corrosive environments and wide temperature ranges. Constructed from stainless steel, they resist contamination. The core and plugnut, needing good magnetic properties like iron but are prone to corrosion, often employ stainless steel.
India Solenoid Valves Market - By Valve Design
Based on valve design, India Solenoid Valves Market is divided into 2-way, 3-way, 4-way, and 5-way segments. The 2-way valve design dominates the market, favored in process industries. The 2-way valves, along with actuators, positioners, and sensors, are crucial for automation. They regulate processes like sawdust control, hydraulic lifts, and process heating. Investments in process industries have boosted their adoption. Advances in electric current and magnetic field use enable automatic flow control, compact design, leak prevention, cost-efficiency, and lower power usage, driving their popularity.
Competitive Landscape
India Solenoid Valves Market is fiercely competitive. Major companies in the Market include Parker Hannifin, Rotex Automation Limited, Aira Euro Automation, Mac Valves, Shakti Fluid Power, Yuco Valves India Private Limited, Festo India, Legris India Private Limited, and Clippard India Private Limited. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the India Solenoid Valves Market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the India Solenoid Valves Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Solenoid Valves Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. India Solenoid Valves Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Expanding Automation in Various Industries
- 3.2.1.2. Growing Demand for Energy Efficiency
- 3.2.1.3. Rising Demand in Medical and Pharmaceutical Sectors
- 3.2.2. Restraints
- 3.2.2.1. High Initial Investment
- 3.2.2.2. Limited Flow Capacity
- 3.2.3. Opportunities
- 3.2.3.1. Increasing Focus on Miniaturization and Integration
- 3.2.3.2. Growth in Developing Economies
- 3.2.4. Challenges
- 3.2.4.1. Susceptibility to External Factors
- 3.2.4.2. Competition from Alternative Technologies
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. India Solenoid Valves Market: Marketing Strategies
5. India Solenoid Valves Market: Pricing Analysis
6. India Solenoid Valves Market Overview
- 6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Body Material
- 6.2.1.1. Stainless Steel
- 6.2.1.2. Brass
- 6.2.1.3. Aluminum
- 6.2.1.4. Plastic
- 6.2.2. By Valve Design
- 6.2.2.1. 2-way
- 6.2.2.2. 3-way
- 6.2.2.3. 4-way
- 6.2.2.4. 5-way
- 6.2.3. By Industry
- 6.2.3.1. Oil & Gas
- 6.2.3.2. Chemical & Petrochemical
- 6.2.3.3. Water & Wastewater
- 6.2.3.4. Food & Beverages
- 6.2.3.5. Power Generation
- 6.2.3.6. Pharmaceuticals
- 6.2.3.7. Automotive
- 6.2.3.8. Medical
- 6.2.3.9. Others
- 6.2.4. By Region
- 6.2.4.1. North India
- 6.2.4.2. South India
- 6.2.4.3. East India
- 6.2.4.4. West India
- 6.2.1. By Body Material
7. North India Solenoid Valves Market
- 7.1. Market Size & Forecast, 2019-2030
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Body Material
- 7.2.2. By Valve Design
- 7.2.3. By Industry
8. South India Solenoid Valves Market
- 8.1. Market Size & Forecast, 2019-2030
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Body Material
- 8.2.2. By Valve Design
- 8.2.3. By Industry
9. East India Solenoid Valves Market
- 9.1. Market Size & Forecast, 2019-2030
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Body Material
- 9.2.2. By Valve Design
- 9.2.3. By Industry
10. West India Solenoid Valves Market
- 10.1. Market Size & Forecast, 2019-2030
- 10.1.1. By Value (USD Million)
- 10.2. Market Share & Forecast
- 10.2.1. By Body Material
- 10.2.2. By Valve Design
- 10.2.3. By Industry
11. Competitive Landscape
- 11.1. List of Key Players and Their Offerings
- 11.2. India Solenoid Valves Company Market Share Analysis, 2023
- 11.3. Competitive Benchmarking, By Operating Parameters
- 11.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
12. Impact of Escalating Geopolitical Tensions on India Solenoid Valves Market
13. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 13.1. Parker Hannifin
- 13.2. Rotex Automation Limited
- 13.3. Aira Euro Automation
- 13.4. Mac Valves
- 13.5. Shakti Fluid Power
- 13.6. Yuco Valves India Private Limited
- 13.7. Festo India
- 13.8. Legris India Private Limited
- 13.9. Clippard India Private Limited
- 13.10. Other Prominent Players
14. Key Strategic Recommendations
15. Research Methodology
- 15.1. Qualitative Research
- 15.1.1. Primary & Secondary Research
- 15.2. Quantitative Research
- 15.3. Market Breakdown & Data Triangulation
- 15.3.1. Secondary Research
- 15.3.2. Primary Research
- 15.4. Breakdown of Primary Research Respondents, By Region
- 15.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
- Figure 1 India Solenoid Valves Market Segmentation
- Figure 2 India Solenoid Valves Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 India Solenoid Valves Market Size, By Value (USD Million), 2019-2030
- Figure 5 India Solenoid Valves Market Share, By Body Material, By Value, 2019-2030
- Figure 6 India Solenoid Valves Market Share, By Valve Design, By Value, 2019-2030
- Figure 7 India Solenoid Valves Market Share, By Industry, By Value, 2019-2030
- Figure 8 North India Solenoid Valves Market Size, By Value (USD Million), 2019-2030
- Figure 9 North India Solenoid Valves Market Share, By Body Material, By Value, 2019-2030
- Figure 10 North India Solenoid Valves Market Share, By Valve Design, By Value, 2019-2030
- Figure 11 North India Solenoid Valves Market Share, By Industry, By Value, 2019-2030
- Figure 12 South India Solenoid Valves Market Size, By Value (USD Million), 2019-2030
- Figure 13 South India Solenoid Valves Market Share, By Body Material, By Value, 2019-2030
- Figure 14 South India Solenoid Valves Market Share, By Valve Design, By Value, 2019-2030
- Figure 15 South India Solenoid Valves Market Share, By Industry, By Value, 2019-2030
- Figure 16 East India Solenoid Valves Market Size, By Value (USD Million), 2019-2030
- Figure 17 East India Solenoid Valves Market Share, By Body Material, By Value, 2019-2030
- Figure 18 East India Solenoid Valves Market Share, By Valve Design, By Value, 2019-2030
- Figure 19 East India Solenoid Valves Market Share, By Industry, By Value, 2019-2030
- Figure 20 West India Solenoid Valves Market Size, By Value (USD Million), 2019-2030
- Figure 21 West India Solenoid Valves Market Share, By Body Material, By Value, 2019-2030
- Figure 22 West India Solenoid Valves Market Share, By Valve Design, By Value, 2019-2030
- Figure 23 West India Solenoid Valves Market Share, By Industry, By Value, 2019-2030
List of Tables
- Table 1 India Solenoid Valves Market Size, By Value (USD Million), 2019-2030
- Table 2 India Solenoid Valves Market Size, By Body Material, By Value, 2019-2030
- Table 3 India Solenoid Valves Market Size, By Valve Design, By Value, 2019-2030
- Table 4 India Solenoid Valves Market Size, By Industry, By Value, 2019-2030
- Table 5 North India Solenoid Valves Market Size, By Value (USD Million), 2019-2030
- Table 6 North India Solenoid Valves Market Size, By Body Material, By Value, 2019-2030
- Table 7 North India Solenoid Valves Market Size, By Valve Design, By Value, 2019-2030
- Table 8 North India Solenoid Valves Market Size, By Industry, By Value, 2019-2030
- Table 9 South India Solenoid Valves Market Size, By Value (USD Million), 2019-2030
- Table 10 South India Solenoid Valves Market Size, By Body Material, By Value, 2019-2030
- Table 11 South India Solenoid Valves Market Size, By Valve Design, By Value, 2019-2030
- Table 12 South India Solenoid Valves Market Size, By Industry, By Value, 2019-2030
- Table 13 East India Solenoid Valves Market Size, By Value (USD Million), 2019-2030
- Table 14 East India Solenoid Valves Market Size, By Body Material, By Value, 2019-2030
- Table 15 East India Solenoid Valves Market Size, By Valve Design, By Value, 2019-2030
- Table 16 East India Solenoid Valves Market Size, By Industry, By Value, 2019-2030
- Table 17 West India Solenoid Valves Market Size, By Value (USD Million), 2019-2030
- Table 18 West India Solenoid Valves Market Size, By Body Material, By Value, 2019-2030
- Table 19 West India Solenoid Valves Market Size, By Valve Design, By Value, 2019-2030
- Table 20 West India Solenoid Valves Market Size, By Industry, By Value, 2019-2030
- Table 21 Parker Hannifin Company Overview
- Table 22 Parker Hannifin Financial Overview
- Table 23 Rotex Automation Limited Company Overview
- Table 24 Rotex Automation Limited Financial Overview
- Table 25 Aira Euro Automation Company Overview
- Table 26 Aira Euro Automation Financial Overview
- Table 27 Mac Valves Company Overview
- Table 28 Mac Valves Financial Overview
- Table 29 Shakti Fluid Power Company Overview
- Table 30 Shakti Fluid Power Financial Overview
- Table 31 Yuco Valves India Private Limited Company Overview
- Table 32 Yuco Valves India Private Limited Financial Overview
- Table 33 Festo India Company Overview
- Table 34 Festo India Financial Overview
- Table 35 Legris India Private Limited Company Overview
- Table 36 Legris India Private Limited Financial Overview
- Table 37 Clippard India Private Limited Company Overview
- Table 38 Clippard India Private Limited Financial Overview
