Global Solenoid Valve Market Research Report Information By Type, By Function, By Industry And By Region Forecast Till 2032

Description

List of Tables

Global Solenoid Valve Market Research Report Information By Type (Direct-acting Valves and Pilot-operating Valves), By Function (2-Way, 3-Way, 4-Way, and 5-Way), By Industry (Oil & Gas, Chemical & Petrochemical, Power Generation, Pharmaceutical, Automotive, Medical, and Others) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) Forecast Till 2032

Overview of the Market

In 2023, the solenoid valve market was estimated to be worth USD 4,995.4 billion. The market for solenoid valves is expected to expand at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2032, from USD 5,175.2 billion in 2024 to USD 7,016.7 billion. The main factors propelling the market's expansion are the growing use of solenoid valves across a range of sectors and a preference for cutting-edge technologies.

The growing use of solenoids in various industrial sectors is driving the solenoid valve market's compound annual growth rate. The most widely utilized valve in the food processing industry is the solenoid. The market for solenoid valves is growing because of the wastewater treatment industries' growing needs. The market will grow faster thanks to technical advancements and research and development efforts. Among the characteristics that make solenoid valves a sustainable choice are their low power consumption and reduced costs.

Because they are composed of stainless steel, which is resistant to contaminants, and can withstand both extreme room temperatures and damp, corrosive environments, solenoid valves are commonly employed in the food sector.

Perspectives on Market Segments

Direct-acting and pilot-operating valves are included in the type-based solenoid valve market segmentation.

Function-based market segmentation for solenoid valves includes 2-way, 3-way, 4-way, and 5-way.

Oil & gas, chemical & petrochemical, power generation, pharmaceutical, automotive, medical, and other industries are included in the market segmentation for solenoid valves based on application.

Regional Perspectives

North America, Europe, Asia-Pacific, and the Rest of the World are the regions for which the study offers market information. Because of the growing usage of sophisticated fluid automation technologies and the expanding applications in sectors including water treatment, food and beverage, chemical, and oil and gas, the North American solenoid valve market is the industry leader. End-user industries' manufacturing facilities are modernizing to update different production processes in an effort to decrease labor costs and boost productivity.

From 2023 to 2032, the solenoid valve market in Europe is anticipated to expand at the quickest CAGR. This is because of the increased demand for food and drink as well as medical care brought on by the stringent laws and regulations. Additionally, the German solenoid valve market was the one with the fastest rate of growth in the European region, while the UK solenoid valve market held the biggest market share.

Due to the significant growth in demand for solenoid valves and the potential presented by the various end-use industries, the Asia-Pacific solenoid valve market holds the second-largest market share. In addition, the solenoid valve market in China had the most market share, while the market in India was expanding at the fastest rate in the Asia-Pacific area.

Key Players

ASCO Valves Inc., Parker Hannifin Corporation, Curtiss Wright Corporation, Emerson Electric Corporation, Kendrion, GF Piping, IMI Precision Engineering, Danfoss Industries Ltd., Rotex SAutomation, SMC Corporation, The Lee Company, and others are major players in the solenoid valve market.

Product Code: MRFR/IA - E/0362-CR

1 EXECUTIVE SUMMARY

1.1 MARKET SUMMARY
1.2 MARKET ATTRACTIVENESS ANALYSIS

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 DRIVERS
- 4.2.1 INCREASING ADOPTION OF SOLENOID VALVES IN FOOD & BEVERAGES INDUSTRY
- 4.2.2 SHIFT TO RENEWABLE SOURCES FOR POWER GENERATION
- 4.2.3 DEVELOPMENT OF APPLICATION-SPECIFIC SOLENOID VALVES
- 4.2.4 DRIVERS IMPACT ANALYSIS
4.3 RESTRAINT
- 4.3.1 COMPATIBILITY AND TECHNICAL ISSUES
- 4.3.2 RESTRAINTS IMPACT ANALYSIS
4.4 OPPORTUNITY
- 4.4.1 INCREASING DEMAND IN WASTEWATER TREATMENT INDUSTRIES
4.5 THE IMPACT OF COVID-19 ON THE SOLENOID VALVE MARKET
- 4.5.1 OVERVIEW-IMPACT OF THE LOCKDOWN
- 4.5.2 ECONOMIC IMPACT
- 4.5.3 IMPACT ON SOLENOID VALVE MARKET
- 4.5.4 IMPACT ON THE SUPPLY CHAIN OF SOLENOID VALVE MARKET
  - 4.5.4.1 PRICE VARIATION OF KEY RAW MATERIAL
  - 4.5.4.2 PRODUCTION SHUTDOWN
  - 4.5.4.3 CASH FLOW CONSTRAINTS
  - 4.5.4.4 IMPACT ON IMPORT/EXPORT
- 4.5.5 IMPACT ON MARKET DEMAND OF SOLENOID VALVE MARKET
  - 4.5.5.1 IMPACT DUE TO RESTRICTION/LOCKDOWN
  - 4.5.5.2 CONSUMER SENTIMENTS
- 4.5.6 IMPACT ON PRICING OF SOLENOID VALVE MARKET

5 MARKET FACTOR ANALYSIS

5.1 SUPPLY CHAIN ANALYSIS
- 5.1.1 DESIGN & DEVELOPMENT
- 5.1.2 RAW MATERIAL SUPPLY
- 5.1.3 MANUFACTURE
- 5.1.4 DISTRIBUTION
- 5.1.5 END USER
5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 THREAT OF SUBSTITUTES
- 5.2.4 BARGAINING POWER OF BUYERS
- 5.2.5 INTENSITY OF RIVALRY

6 GLOBAL SOLENOID VALVE MARKET, BY TYPE

6.1 OVERVIEW
- 6.1.1 GLOBAL SOLENOID VALVE MARKET, BY TYPE, 2023-2032 (USD MILLION)
6.2 2-WAY
6.3 3-WAY
6.4 4-WAY
6.5 5-WAY
6.6 OTHERS

7 GLOBAL SOLENOID VALVE MARKET, BY BODY MATERIAL

7.1 OVERVIEW
- 7.1.1 GLOBAL SOLENOID VALVE MARKET, BY BODY MATERIAL, 2023-2032 (USD MILLION)
7.2 BRASS BODY
7.3 STAINLESS STEEL
7.4 ALUMINIUM BODY
7.5 PLASTIC BODY
7.6 OTHERS

8 GLOBAL SOLENOID VALVE MARKET, BY OPERATING TYPES

8.1 OVERVIEW
- 8.1.1 GLOBAL SOLENOID VALVE MARKET, BY OPERATING TYPES, 2023-2032 (USD MILLION)
8.2 DIRECT
8.3 INDIRECT
8.4 SEMI-DIRECT
8.5 OTHERS

9 GLOBAL SOLENOID VALVE MARKET, BY END-USERS

9.1 OVERVIEW
- 9.1.1 GLOBAL SOLENOID VALVE MARKET, BY END-USERS, 2023-2032 (USD MILLION)
9.2 CHEMICAL & PETROCHEMICAL
9.3 OIL & GAS
9.4 FOOD & BEVERAGES
9.5 WATER & WASTEWATER
9.6 POWER GENERATION
9.7 AUTOMOTIVE
9.8 PHARMACEUTICAL
9.9 MEDICAL
9.10 OTHERS

10 GLOBAL SOLENOID VALVE MARKET, BY REGION

10.1 OVERVIEW
- 10.1.1 GLOBAL SOLENOID VALVE MARKET, BY REGION, 2023 VS 2032(USD MILLION)
- 10.1.2 GLOBAL SOLENOID VALVE MARKET, BY REGION, 2023-2032 (USD MILLION)
10.2 NORTH AMERICA
- 10.2.1 NORTH AMERICA: SOLENOID VALVE MARKET, BY COUNTRY, 2023-2032 (USD MILLION)
- 10.2.2 NORTH AMERICA SOLENOID VALVE MARKET, BY TYPE, 2023-2032 (USD MILLION)
- 10.2.3 NORTH AMERICA SOLENOID VALVE MARKET, BY BODY MATERIAL, 2023-2032 (USD MILLION)
- 10.2.4 NORTH AMERICA SOLENOID VALVE MARKET, BY OPERATING TYPES, 2023-2032 (USD MILLION)
- 10.2.5 NORTH AMERICA SOLENOID VALVE MARKET, BY END-USERS, 2023-2032 (USD MILLION)
- 10.2.6 US
  - 10.2.6.1 US SOLENOID VALVE MARKET, BY TYPE, 2023-2032 (USD MILLION)
  - 10.2.6.2 US SOLENOID VALVE MARKET, BY BODY MATERIAL, 2023-2032 (USD MILLION)
  - 10.2.6.3 US SOLENOID VALVE MARKET, BY OPERATING TYPES, 2023-2032 (USD MILLION)
  - 10.2.6.4 US SOLENOID VALVE MARKET, BY END-USERS, 2023-2032 (USD MILLION)
- 10.2.7 CANADA
  - 10.2.7.1 CANADA SOLENOID VALVE MARKET, BY TYPE, 2023-2032 (USD MILLION)
  - 10.2.7.2 CANADA SOLENOID VALVE MARKET, BY BODY MATERIAL, 2023-2032 (USD MILLION)
  - 10.2.7.3 CANADA SOLENOID VALVE MARKET, BY OPERATING TYPES, 2023-2032 (USD MILLION)
  - 10.2.7.4 CANADA SOLENOID VALVE MARKET, BY END-USERS, 2023-2032 (USD MILLION)
- 10.2.8 MEXICO
  - 10.2.8.1 MEXICO SOLENOID VALVE MARKET, BY TYPE, 2023-2032 (USD MILLION)
  - 10.2.8.2 MEXICO SOLENOID VALVE MARKET, BY BODY MATERIAL, 2023-2032 (USD MILLION)
  - 10.2.8.3 MEXICO SOLENOID VALVE MARKET, BY OPERATING TYPES, 2023-2032 (USD MILLION)
  - 10.2.8.4 MEXICO SOLENOID VALVE MARKET, BY END-USERS, 2023-2032 (USD MILLION)
10.3 EUROPE
- 10.3.1 EUROPE: SOLENOID VALVE MARKET, BY COUNTRY, 2023-2032 (USD MILLION)
- 10.3.2 EUROPE SOLENOID VALVE MARKET, BY TYPE, 2023-2032 (USD MILLION)
- 10.3.3 EUROPE SOLENOID VALVE MARKET, BY BODY MATERIAL, 2023-2032 (USD MILLION)
- 10.3.4 EUROPE SOLENOID VALVE MARKET, BY OPERATING TYPES, 2023-2032 (USD MILLION)
- 10.3.5 EUROPE SOLENOID VALVE MARKET, BY END-USERS, 2023-2032 (USD MILLION)
- 10.3.6 UK
  - 10.3.6.1 UK SOLENOID VALVE MARKET, BY TYPE, 2023-2032 (USD MILLION)
  - 10.3.6.2 UK SOLENOID VALVE MARKET, BY BODY MATERIAL, 2023-2032 (USD MILLION)
  - 10.3.6.3 UK SOLENOID VALVE MARKET, BY OPERATING TYPES, 2023-2032 (USD MILLION)
  - 10.3.6.4 UK SOLENOID VALVE MARKET, BY END-USERS, 2023-2032 (USD MILLION)
- 10.3.7 GERMANY
  - 10.3.7.1 GERMANY SOLENOID VALVE MARKET, BY TYPE, 2023-2032 (USD MILLION)
  - 10.3.7.2 GERMANY SOLENOID VALVE MARKET, BY BODY MATERIAL, 2023-2032 (USD MILLION)
  - 10.3.7.3 GERMANY SOLENOID VALVE MARKET, BY OPERATING TYPES, 2023-2032 (USD MILLION)
  - 10.3.7.4 GERMANY SOLENOID VALVE MARKET, BY END-USERS, 2023-2032 (USD MILLION)
- 10.3.8 FRANCE
  - 10.3.8.1 FRANCE SOLENOID VALVE MARKET, BY TYPE, 2023-2032 (USD MILLION)
  - 10.3.8.2 FRANCE SOLENOID VALVE MARKET, BY BODY MATERIAL, 2023-2032 (USD MILLION)
  - 10.3.8.3 FRANCE SOLENOID VALVE MARKET, BY OPERATING TYPES, 2023-2032 (USD MILLION)
  - 10.3.8.4 FRANCE SOLENOID VALVE MARKET, BY END-USERS, 2023-2032 (USD MILLION)
- 10.3.9 REST OF EUROPE
  - 10.3.9.1 REST OF EUROPE SOLENOID VALVE MARKET, BY TYPE, 2023-2032 (USD MILLION)
  - 10.3.9.2 REST OF EUROPE SOLENOID VALVE MARKET, BY BODY MATERIAL, 2023-2032 (USD MILLION)
  - 10.3.9.3 REST OF EUROPE SOLENOID VALVE MARKET, BY OPERATING TYPES, 2023-2032 (USD MILLION)
  - 10.3.9.4 REST OF EUROPE SOLENOID VALVE MARKET, BY END-USERS, 2023-2032 (USD MILLION)
10.4 ASIA-PACIFIC
- 10.4.1 ASIA-PACIFIC: SOLENOID VALVE MARKET, BY COUNTRY, 2023-2032 (USD MILLION)
- 10.4.2 ASIA-PACIFIC SOLENOID VALVE MARKET, BY TYPE, 2023-2032 (USD MILLION)
- 10.4.3 ASIA-PACIFIC SOLENOID VALVE MARKET, BY BODY MATERIAL, 2023-2032 (USD MILLION)
- 10.4.4 ASIA-PACIFIC SOLENOID VALVE MARKET, BY OPERATING TYPES, 2023-2032 (USD MILLION)
- 10.4.5 ASIA-PACIFIC SOLENOID VALVE MARKET, BY END-USERS, 2023-2032 (USD MILLION)
- 10.4.6 CHINA
  - 10.4.6.1 CHINA SOLENOID VALVE MARKET, BY TYPE, 2023-2032 (USD MILLION)
  - 10.4.6.2 CHINA SOLENOID VALVE MARKET, BY BODY MATERIAL, 2023-2032 (USD MILLION)
  - 10.4.6.3 CHINA SOLENOID VALVE MARKET, BY OPERATING TYPES, 2023-2032 (USD MILLION)
  - 10.4.6.4 CHINA SOLENOID VALVE MARKET, BY END-USERS, 2023-2032 (USD MILLION)
- 10.4.7 JAPAN
  - 10.4.7.1 JAPAN SOLENOID VALVE MARKET, BY TYPE, 2023-2032 (USD MILLION)
  - 10.4.7.2 JAPAN SOLENOID VALVE MARKET, BY BODY MATERIAL, 2023-2032 (USD MILLION)
  - 10.4.7.3 JAPAN SOLENOID VALVE MARKET, BY OPERATING TYPES, 2023-2032 (USD MILLION)
  - 10.4.7.4 JAPAN SOLENOID VALVE MARKET, BY END-USERS, 2023-2032 (USD MILLION)
- 10.4.8 INDIA
  - 10.4.8.1 INDIA SOLENOID VALVE MARKET, BY TYPE, 2023-2032 (USD MILLION)
  - 10.4.8.2 INDIA SOLENOID VALVE MARKET, BY BODY MATERIAL, 2023-2032 (USD MILLION)
  - 10.4.8.3 INDIA SOLENOID VALVE MARKET, BY OPERATING TYPES, 2023-2032 (USD MILLION)
  - 10.4.8.4 INDIA SOLENOID VALVE MARKET, BY END-USERS, 2023-2032 (USD MILLION)
- 10.4.9 REST OF ASIA-PACIFIC
  - 10.4.9.1 REST OF ASIA-PACIFIC SOLENOID VALVE MARKET, BY TYPE, 2023-2032 (USD MILLION)
  - 10.4.9.2 REST OF ASIA-PACIFIC SOLENOID VALVE MARKET, BY BODY MATERIAL, 2023-2032 (USD MILLION)
  - 10.4.9.3 REST OF ASIA-PACIFIC SOLENOID VALVE MARKET, BY OPERATING TYPES, 2023-2032 (USD MILLION)
  - 10.4.9.4 REST OF ASIA-PACIFIC SOLENOID VALVE MARKET, BY END-USERS, 2023-2032 (USD MILLION)
10.5 REST OF THE WORLD
- 10.5.1 REST OF THE WORLD: SOLENOID VALVE MARKET, BY COUNTRY, 2023-2032 (USD MILLION)
- 10.5.2 REST OF THE WORLD SOLENOID VALVE MARKET, BY TYPE, 2023-2032 (USD MILLION)
- 10.5.3 REST OF THE WORLD SOLENOID VALVE MARKET, BY BODY MATERIAL, 2023-2032 (USD MILLION)
- 10.5.4 REST OF THE WORLD SOLENOID VALVE MARKET, BY OPERATING TYPES, 2023-2032 (USD MILLION)
- 10.5.5 REST OF THE WORLD SOLENOID VALVE MARKET, BY END-USERS, 2023-2032 (USD MILLION)
- 10.5.6 MIDDLE EAST & AFRICA
  - 10.5.6.1 MIDDLE EAST & AFRICA SOLENOID VALVE MARKET, BY TYPE, 2023-2032 (USD MILLION)
  - 10.5.6.2 MIDDLE EAST & AFRICA SOLENOID VALVE MARKET, BY BODY MATERIAL, 2023-2032 (USD MILLION)
  - 10.5.6.3 MIDDLE EAST & AFRICA SOLENOID VALVE MARKET, BY OPERATING TYPES, 2023-2032 (USD MILLION)
  - 10.5.6.4 MIDDLE EAST & AFRICA SOLENOID VALVE MARKET, BY END-USERS, 2023-2032 (USD MILLION)
- 10.5.7 SOUTH AMERICA
  - 10.5.7.1 SOUTH AMERICA SOLENOID VALVE MARKET, BY TYPE, 2023-2032 (USD MILLION)
  - 10.5.7.2 SOUTH AMERICA SOLENOID VALVE MARKET, BY BODY MATERIAL, 2023-2032 (USD MILLION)
  - 10.5.7.3 SOUTH AMERICA SOLENOID VALVE MARKET, BY OPERATING TYPES, 2023-2032 (USD MILLION)
  - 10.5.7.4 SOUTH AMERICA SOLENOID VALVE MARKET, BY END-USERS, 2023-2032 (USD MILLION)

11 COMPETITIVE LANDSCAPE

11.1 COMPETITIVE BENCHMARKING
- 11.1.1 VENDOR SHARE ANALYSIS
11.2 RECENT DEVELOPMENTS
- 11.2.1 PARTNERSHIPS/AGREEMENTS/CONTRACTS/COLLABORATIONS
- 11.2.2 BUSINESS EXPANSIONS/ACQUISITIONS
- 11.2.3 PRODUCT LAUNCHES/DEVELOPMENTS

12 COMPANY PROFILES

12.1 CURTISS-WRIGHT CORPORATION
- 12.1.1 COMPANY OVERVIEW
- 12.1.2 FINANCIAL OVERVIEW
- 12.1.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 12.1.4 KEY DEVELOPMENTS
- 12.1.5 SWOT ANALYSIS
- 12.1.6 KEY STRATEGIES
12.2 EMERSON ELECTRIC CO.
- 12.2.1 COMPANY OVERVIEW
- 12.2.2 FINANCIAL OVERVIEW
- 12.2.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 12.2.4 KEY DEVELOPMENTS
- 12.2.5 SWOT ANALYSIS
- 12.2.6 KEY STRATEGIES
12.3 PARKER HANNIFIN CORPORATION
- 12.3.1 COMPANY OVERVIEW
- 12.3.2 FINANCIAL OVERVIEW
- 12.3.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 12.3.4 KEY DEVELOPMENTS
- 12.3.5 SWOT ANALYSIS
- 12.3.6 KEY STRATEGIES
12.4 IMI
- 12.4.1 COMPANY OVERVIEW
- 12.4.2 FINANCIAL OVERVIEW
- 12.4.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 12.4.4 KEY DEVELOPMENTS
- 12.4.5 SWOT ANALYSIS
- 12.4.6 KEY STRATEGIES
12.5 GF PIPING SYSTEMS (GEORGE FISCHER LTD.)
- 12.5.1 COMPANY OVERVIEW
- 12.5.2 FINANCIAL OVERVIEW
- 12.5.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 12.5.4 KEY DEVELOPMENTS
- 12.5.5 SWOT ANALYSIS
- 12.5.6 KEY STRATEGIES
12.6 SMC CORPORATION
- 12.6.1 COMPANY OVERVIEW
- 12.6.2 FINANCIAL OVERVIEW
- 12.6.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 12.6.4 KEY DEVELOPMENTS
- 12.6.5 SWOT ANALYSIS
- 12.6.6 KEY STRATEGIES
12.7 DANFOSS
- 12.7.1 COMPANY OVERVIEW
- 12.7.2 FINANCIAL OVERVIEW
- 12.7.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 12.7.4 KEY DEVELOPMENTS
- 12.7.5 SWOT ANALYSIS
- 12.7.6 KEY STRATEGIES
12.8 OMEGA ENGINEERING INC.
- 12.8.1 COMPANY OVERVIEW
- 12.8.2 FINANCIAL OVERVIEW
- 12.8.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 12.8.4 KEY DEVELOPMENTS
12.9 CHRISTIAN BURKERT GMBH & CO. KG (BURKERT)
- 12.9.1 COMPANY OVERVIEW
- 12.9.2 FINANCIAL OVERVIEW
- 12.9.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 12.9.4 KEY DEVELOPMENTS
12.10 GSR VENTILTECHNIK GMBH & CO. KG
- 12.10.1 COMPANY OVERVIEW
- 12.10.2 FINANCIAL OVERVIEW
- 12.10.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 12.10.4 KEY DEVELOPMENTS
12.11 ROTEX CONTROLS
- 12.11.1 COMPANY OVERVIEW
- 12.11.2 FINANCIAL OVERVIEW
- 12.11.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 12.11.4 KEY DEVELOPMENTS
12.12 THE LEE COMPANY
- 12.12.1 COMPANY OVERVIEW
- 12.12.2 FINANCIAL OVERVIEW
- 12.12.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 12.12.4 KEY DEVELOPMENTS
12.13 COLE-PARMER INDIA PVT LTD.
- 12.13.1 COMPANY OVERVIEW
- 12.13.2 FINANCIAL OVERVIEW
- 12.13.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 12.13.4 KEY DEVELOPMENTS
12.14 AIRA EURO AUTOMATION PVT LTD
- 12.14.1 COMPANY OVERVIEW
- 12.14.2 FINANCIAL OVERVIEW
- 12.14.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 12.14.4 KEY DEVELOPMENTS
12.15 CLA-VAL
- 12.15.1 COMPANY OVERVIEW
- 12.15.2 FINANCIAL OVERVIEW
- 12.15.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 12.15.4 KEY DEVELOPMENTS
12.16 HANSEN TECHNOLOGY CORPORATION
- 12.16.1 COMPANY OVERVIEW
- 12.16.2 FINANCIAL OVERVIEW
- 12.16.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 12.16.4 KEY DEVELOPMENTS