Solenoid Valves Market Report: Trends, Forecast and Competitive Analysis

Solenoid Valves Market Trends and Forecast

The future of the global solenoid valves market looks promising with opportunities in the oil & gas, chemical & petrochemical, F&B, power generation, pharmaceutical, automotive, and medical markets. The global solenoid valves market is expected to reach an estimated $5.6 billion by 2030 with a CAGR of 3.7% from 2024 to 2030. The major drivers for this market are expanding utilization of solenoid valves in sterilization, pasteurization systems, agro-food processing, and food freezing, rising inclination towards process automation, and growing demand water treatment plants.

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Solenoid Valves Market by Segment

The study includes a forecast for the global solenoid valves market by type, material, media, end use industry, and region

Solenoid Valves Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Direct-Acting Valves
• Pilot-Operated Valves

Solenoid Valves Market by Material [Shipment Analysis by Value from 2018 to 2030]:

• Stainless Steel
• Aluminum
• Plastic
• Others

Solenoid Valves Market by Media [Shipment Analysis by Value from 2018 to 2030]:

• Air
• Gas
• Water

Solenoid Valves Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Oil & Gas
• Chemical & Petrochemical
• F&B
• Power Generation
• Pharmaceuticals
• Automotive
• Medical
• Others

Solenoid Valves Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Solenoid Valves Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies solenoid valves companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the solenoid valves companies profiled in this report include-

• Airtac
• ASCO Valve
• Danfoss Industries Limited
• Curtiss
• Wright Corporation
• IMI Precision Engineering
• Emerson Electric
• Juliang Valve
• Parker Hannifin Corporation
• Zhejiang Yongjiu

Solenoid Valves Market Insights

Lucintel forecasts that direct-acting valves will remain the larger segment over the forecast period due to its increasing application in hazardous locations.

Within this market, chemcial and petrochemical will remain the largest segment due to increasing adoption of these valves for controlling gases, liquids, steam, and chemcial compounds.

APAC is expected to witness highest growth over the forecast period due to growing concern towards maintaing clean water and rising investment in the water treatment plants in the region.

Features of the Global Solenoid Valves Market

Market Size Estimates: Solenoid valves market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Solenoid valves market size by various segments, such as by type, material, media, end use industry, and region in terms of value ($B).

Regional Analysis: Solenoid valves market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, materials, medias, end use industy, and regions for the solenoid valves market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the solenoid valves market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the solenoid valves market size?

Answer: The global solenoid valves market is expected to reach an estimated $5.6 billion by 2030.

Q.2 What is the growth forecast for solenoid valves market?

Answer: The global solenoid valves market is expected to grow with a CAGR of 3.7% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the solenoid valves market?

Answer: The major drivers for this market are expanding utilization of solenoid valves in sterilization, pasteurization systems, agro-food processing, and food freezing, rising inclination towards process automation, and growing demand water treatment plants.

Q4. What are the major segments for Solenoid Valves Market?

Answer: The future of the solenoid valves market looks promising with opportunities in the oil & gas, chemical & petrochemical, F&B, power generation, pharmaceutical, automotive, and medical markets.

Q5. Who are the key solenoid valves market companies?

Answer: Some of the key solenoid valves companies are as follows.

• Airtac
• ASCO Valve
• Danfoss Industries Limited
• Curtiss
• Wright Corporation
• IMI Precision Engineering
• Emerson Electric
• Juliang Valve
• Parker Hannifin Corporation
• Zhejiang Yongjiu

Q6. Which solenoid valves market segment will be the largest in future?

Answer: Lucintel forecasts that direct-acting valves will remain the larger segment over the forecast period due to its increasing application in hazardous locations.

Q7. In solenoid valves market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to growing concern towards maintaing clean water and rising investment in the water treatment plants in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the solenoid valves market by type (direct-acting valves and pilot-operated valves), material (stainless steel, aluminum, plastic, and others), media (air, gas, and water), end use industry (oil & gas, chemical & petrochemical, F&B, power generation, pharmaceuticals, automotive, medical, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?