Friday, August 9, 2019

Increase in Awareness about Harmful Effects of Fuel Combustion for the Environment Coupled with Increase in Penetration of Passenger Cars & Commercial Vehicles, Increase in Disposable Income is set to Drive South Africa Adblue Oil Market over the Forecast Period: Ken Research

AdBlue is a well purified colorless liquid. It contains urea (32.5%) & 67.5% of deionized water. AdBlue is used with diesel engines thus also known as diesel exhausts fluid (DEF). Its main active component is ammonia (main raw material of adblue) which is chemically formed by hydrolyzing automotive urea. AdBlue is mainly used as a consumable fluid in diesel & gasoline fuel-based vehicles. It is used with diesel engines using Selective Catalytic Reduction (SCR) technology. The SCR technology reduces harmful emissions (NOx). AdBlue is injected into the channel of the SCR system, where it triggers a chemical reaction with ammonia. The chemical reaction converts the toxic nitrogen oxides (NOx) into nitrogen (N2) & water vapor (H2O). Water vapor & nitrogen are naturally occurring gasses which are harmless to the environment. Some essential properties include crystallization, corrosive, fitted for utility vehicles, evaporates and colorless & clear liquid.

According to study, “South Africa AdBlue Oil Research Report Information: Type, Application, Region and End-Use - Forecast Till 2024” the key companies operating in the South Africa adblue oil market are BASF SE, Viscol.co.za, Engen Petroleum Ltd. The key companies have strategic visions to deliver quality-based products or services to the customers across the globe.

Based on technology, market is segmented into selective catalytic reduction and exhaust gas recirculation. Based on storage solution, market is segmented into dispenser, portable containers and intermediate bulk storage tank. Based on application, market is segmented into vehicular and non-vehicular. In addition, based on end-use, market is segmented into automotive, construction machinery, farm machinery, railway engines, electronic generators and others.

The market is driven by increase in awareness about harmful effects of fuel combustion for the environment, followed by increase in penetration of passenger cars & commercial vehicles, increase in disposable income, gradual adoption of the global emission reduction norms, stringent environment protection regulations and change in lifestyle. However, sluggish economic growth owing to looming macroeconomic factors and fluctuating prices of urea may impact the market. Moreover, growth in use of the product in agricultural machinery & construction equipment is a key opportunity for market.

The South African market is an emerging country for AdBlue oil and is projected to provide considerable development reasons over the forthcoming years. The automotive industry is expected to observe an optimistic change due to revitalizing economic scenario. This can be attributed to the swell in the income levels and increase of the middle-class population. Therefore, growth of market in the region is closely following the augment of the automotive sector.

South Africa is currently witnessing a vast surge in the sale of passenger & commercial vehicle. In addition, country has also introduced stringent emission standards to make certain the amount of pollutant released in the air stays within the limit. It is anticipated that future of the market will be bright as a result of introduction of hybrid selective non-catalytic reduction (SNCR) & selective catalytic reduction (SCR) technologies over the forecast period.

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To Drive Global Residential Security Market over the Forecast Period: Ken Research

Residential security refers the practice of maintaining the security & safety of both residential buildings and the individuals in them. Residential security is an electronic system which takes complete care of the security of the residence, especially when the resident is away from home. It is proposed to provide guidance in taking precautions to decrease the risk of burglary & minimize the opportunity for crime around the home. The key benefits are crime deterrence, lower homeowner’s insurance, notify fire or gas problems, allow remote access to home, help keep tabs on kids and maintain records. Moreover, it has an extensive range of protective services for different public figures, including corporate CEOs & executives, politicians & government officials, celebrities & athletes, foreign dignitaries & prominent families and high net-worth individuals.

According to study, “Global Residential Security Market by Product (Smart Locks, Security Cameras, Sensors), By Solution (Home Integrated System, Access Control Management), By Residential Type (Independent, Apartment) - Forecast 2023” the key companies operating in the global residential security market are Tyco International Ltd., ASSA Abloy AB, Honeywell International Inc., Ingersoll-Rand Plc, Frontpoint Security Solutions, UTC Fire & Security, Control4 Corp., Allegion PLC, ADT LLC dba ADT Security Services, Godrej & Boyce Manufacturing Company, Nortek Security and Control, Bosch Security Systems GmbH.
Based on product type, global residential security market is segmented into smart locks, security alarms, security camera, sensors, fire sprinklers and extinguishers. Smart locks include keypad locks, electronic door locks, biometric locks and wireless locks. Based on solution, market is segmented into access control & management, alert system, audio-video surveillance system, home integrated security, intercom system and fire protection. Based on residential type, market is segmented into independent residential and apartment residential.
The residential security market is driven by growth in urbanization & globalization, followed by increase in crime rates, rise in adoption of smart security devices, increase in awareness about the most recent technologies & their utilization in private security, rise in adoption of cloud based security technologies, increase in digitalization, rise in need for advanced residential protection plans & security solutions, decrease in cost of security equipment such as security cameras, increase in the disposable income and shortage of security personnel. However, lack of infrastructure in emerging countries and non-cooperation of the residents may impact the market. Moreover, growth of internet of things (IoT) & sensor technology is a key opportunity for market.
Nowadays, real-time updates of activities are taking place which are accessed through security devices over smart-phones or tablets. Additionally, smart intercom & app based security systems (wireless) are also gaining interest of independent as well as residential communities & societies. Such systems also provide services such as notifications by e-mails, text, phone calls to law enforcement, if a suspicious activity is detected.
Based on geography, the North-American region holds major share in residential security market owing to rise in the number of burglary and theft incidents and increase in need of a better security system in the region. Asian-Pacific region is expected to witness higher growth rate due to increase in smart city initiatives launched by the government and increase in per capita income over the forecast period. It is estimated that the market will be reached at US $60,765.2 million, by 2023.
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Increase in Demand for Hassle Free Charging Solution Coupled with Emergence of Wireless Infrastructure and Growth in Production of Smart Automotives is Set to Drive Global In-Car Wireless Charging Market Over the Forecast Period: Ken Research


In-car wireless charging is a fast-emerging technology for modern cars. In-car wireless charging is based on wireless technology which enables the wireless transfer of electrical charge from a charging device or node to the recipient device such as smart-watches, smart-phones, and music players by using charging transmitters & receiver pads. These charging devices are highly adopted in electric vehicles, fuel-based luxury cars, and premium vehicles.

According to study, “Global In-Car Wireless Charging Market, By Technology (Inductive Power Transfer, Conductive Charging and Magnetic Resonance Charging), By Charging Standard (Qi Standard and PMA Standards), By Device Type(Smartphones and Other Devices), By Vehicle Type (Fuel Based, Electric Vehicle and Hybrid Vehicles), By Distribution (OEM and Aftermarket),By Region: Forecast to 2023” the key companies operating in the global in-car wireless charging market are Hella KGaA Hueck & Co., Put2Go,  ZENS, Samsung Electronics Co., Ltd, Toyota Motor Corp., Infineon Technologies AG, Mercedes Benz, General Motors, Qualcomm Technologies, Inc., Powermat Technologies Ltd, The Ford Motor Company, The Hyundai Motor Company, Jaguar, BMW AG, Apple Inc., PowerSquare, Mojo Mobility, Inc., Aircharge, WiTricity Corporation. The key vendors are competing based on cost, reliability, quality, and aftermarket service.

Based on technology, global in-car wireless charging market is segmented into inductive power transfer, magnetic resonance charging and conductive charging. Inductive power transfer is further sub-segmented into low powered inductive power transfer and high powered inductive power transfer. Based on charging standards, market is segmented into PMA (Power Matters Alliance) standard and Qi (open interface) standard. Based on device, market is segmented into smart-phones, MP3/WAV players, tablets and other devices. Based on vehicle type, market is segmented into electric vehicle, fuel based vehicle and hybrid vehicle. Based on distribution channel, market is segmented into retail pharmacy, hospital pharmacy and online pharmacy. In addition, based on end-use application, market is segmented into sports car, mid-segment & basic cars and premium & luxury cars.

The in-car wireless charging market is driven by increase in demand for hassle free charging solution, followed by emergence of wireless infrastructure, quick advancements in automotive technology, growth in production of smart automotives, regular changes in government policies & environmental regulations, strong competition and rise in demand for luxury & semi-luxury high-performance vehicle. However, lack of product standardization and consumer concern regarding infrastructure support may impact the market. Moreover, wireless charging stations in commercial buildings & shopping centers is a key opportunity for market.

Based on geography, the North-America region holds major share in in-car wireless charging market owing to growth in adoption of cloud technology & internet of things (IoT) in the region. Asian-Pacific region is expected to witness considerable growth due to increase in per-capita income and change in lifestyle over the forecast period. European region is also expected to witness higher growth rate because of presence of a prominent premium & luxury car market over the forecast period. In near future, it is estimated that the market will be reached at fast pace on account of increase in technical innovations.

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Landscape Of The Cookie, Cracker, Pasta, And Tortilla Manufacturing Global Market Outlook: Ken Research

According to the report analysis, ‘Cookie, Cracker, Pasta, And Tortilla Manufacturing Global Market Report 2019’ states that the cookie, cracker, pasta, and tortilla products manufacturing market significantly comprises of sales of cookie, cracker, pasta, and tortilla products by potential entities (organizations, sole traders and partnerships) that generate the cookie, cracker, pasta, and tortilla products. The efficient corporates in the cookie, cracker, pasta, and tortilla products industry introduce the cookies and crackers, or prepare flour and dough mixes and dough from flour ground elsewhere or manufacturing dry pasta. The institutions in this industry may compendium the dry pasta they introduce with several other ingredients. The corporates package and allocate their products through the numerous distribution channels to both individual customers and commercial establishments.



Additionally, the transforming preferences coupled with the hectic lifestyle of the customers towards the ready to cook meals due to the hygiene and expediencies is predicted to remain a foremost propelling aspects for the entire market. Not only has this, the players in the cookie, cracker, pasta, and tortilla manufacturing global market are significantly functioning more positively across the globe in the coming years while developing the quality of the product, decreasing the price of the product and advancing the technologies includes Mondelez International, Kellogg Co, Campbell Soup Co., Gruma SAB de CV, Tyson Foods, Inc and several others.

Furthermore, the compared to the fresh ones, frozen food products consist of increasing vitamins. This is owing to the freezing that preserves the products for the continued durations without any preservatives and deters against any microbial growth that sources the food wastage. The effective rise in the online purchase of staple food is attaining popularity across the industrialized nations namely UK, U.S., and Germany. Such, in turn, is also predicted to have an effective influence on the whole market over the reviewed period. They also support in growing the shell life of the fruits and vegetables. Also, convenience of the refrigerators media for the developed and commercial freezing is further anticipated to advance the market growth throughout the short span of time.

Based on the region, the market of cookie, cracker, pasta and tortilla manufacturing is spread across the globe which majorly involves North America, Africa, Asia Pacific region, Europe and several others. However, the Asia Pacific was the largest region in the global cookie, cracker, pasta, and tortilla manufacturing market, registering for 42% of the market in 2018. Western Europe was the second foremost region dominating for 26% of the global cookie, cracker, pasta, and tortilla manufacturing market. Africa region was the smallest economy in the global cookie, cracker, pasta, and tortilla manufacturing market.

Sideways, the frozen food manufacturers are significantly utilizing the technologies such as individual quick freezing (IQF) to develop yield and quality of frozen foods. The IQF method includes the transferring the individual food items on a conveyor belt into a blast freezer that speedily freezes the items. With IQF approach, the every people piece of food is frozen independently, as opposed to bulk or block freezing. This technique boosts yield by 1.5-3% and results in better quality products with high nutritional value and less wastage. Examples of IQF foods involve the fruits such as blueberries, strawberries and peaches, and vegetables such as corn, peas and green beans. The worldwide IQF vegetable market is anticipated to reach USD 2 billion by 2026, thus indicating significant requirement for IQF food products in future.

Therefore, in the near years, it is anticipated that the market of cookie, cracker, pasta and tortilla will increase across the globe more positively over the near years.

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Rise in Demand For 3D-Enabled Devices in Consumer Electronics coupled with Integration of Optical & Electronic Components in Miniaturized Electronics Devices is set to Drive Global 3d Sensor Market over the Forecast Period: Ken Research

3D sensors are sensors which measure depth (distance or range) to an object based on illuminating the object with a laser (light source). 3D sensor boosts camera capabilities for facial & object recognition by creating 3D maps of the users surrounding. The sensor is a combination of different sensing elements for instance ultrasound, TOF, and structured light technologies. It is particularly used in gaming, augmented reality, autonomous driving and an extensive range of applications. It is also used by engineers, artists, and architects for designing a 3D model based out of 2D data. Additionally, in robotics, the sensors help in collision avoidance & solving assembling problems. The key features are included greater reliability, cost effectiveness, and high efficiency.

According to study, “Global 3D sensor Market, by Technology (Light Sensor, Stereo-Vision, Time of Flight Sensors & Ultra Sound), by Sensor Type (Acoustic, Accelerometer, Image & Others), By Applications (Industrial, Automotive, Logistic, Aerospace & Defense, Consumer Electronics, Healthcare) - Forecast 2023” the key companies operating in the global 3D sensor market are Cognex Corporation, Microsoft Corporation, Sony Corp., Qualcomm Technologies Inc., Intel Corporation, ASUSTek Computer Inc, ST Microelectronic NV, Finisar Corp., PMD Technologies AG, Infineon Technologies AG, Ams AG, Texas Instruments Inc., Microchip Technology Inc., Xovis AG, Occipital, Inc., LMI Technologies, Omnivision Technologies, SoftKinetic SA, PrimeSense, IFM Electronic, Sick AG, XYZ Interactive Technologies, Panasonic Corp.

Based on sensor type, global 3D sensor market is segmented into image sensor, position sensor, CMOS 3D image sensor (3D time of flight image sensor & 3D electro-optical image sensors), accelerometer sensor, acoustic sensor and others. Based on technology, market is segmented into stereo vision, time of flight, structured light /projected light and ultrasound. In addition, based on end-user, market is segmented into industrial, logistics, automotive, aerospace & defense, healthcare & medical devices, media & entertainment, consumer electronics and others. Entertainment segment is expected to dominate the market due to rise in demand of 3D sensor enabled smart phones & cameras and wearable electronics.

The 3D sensor market is driven by rise in demand for 3D-enabled devices in consumer electronics, followed by integration of optical & electronic components in miniaturized electronics devices, constant research & development (R&D) activity, increase in consumer acceptance of wearable electronic devices, rise in need of advanced security & surveillance camera and increase in use of 3D sensing technology in gaming applications. However, heavy maintenance cost, lack of product differentiation, and limited manufacturing excellence may impact the market. Moreover, advancement in fully immersive technology is a key opportunity for market.

Based on geography, the North-American region holds major share in 3D sensor market owing to presence of various technical experts and numerous 3D sensor manufacturers in the region. Asian-Pacific and European regions are expected to witness substantial growth due to rapid developments in artificial intelligence and adoption of 3D sensors across gaming, medical, and consumer electronics over the forecast period. The global 3D sensor market is estimated to reach the valuation of US $5.49 billion by the year 2023, growing at 27.69% CAGR during the forecast period.

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The Uganda Freight Forwarding Market will be driven by Infrastructural Developments and Improvements in Third-Party Logistics: Ken Research

Due to the government policies, tax slabs and monopoly of international players, the freight forwarding market of Uganda has experienced a slow growth rate in 2017/18.
Analysts at Ken Research in their latest publication Uganda Freight Forwarding  Market Outlook to 2023 – By Rail, Land, Air Freight Forwarding; International and Domestic Freight, Integrated and Contract Logistics Freight Forwarding; By End Users (Food, Beverages, and Consumer Retail, Automotive Industry, Healthcare, Others)” believe that the Freight Forwarding Market of Uganda is experiencing slow growth due to the government regulations. In the previous elections, the tax slabs were increased tampering the growth of the market. Being landlocked investments must be directed towards roadways and railways in order to improve land freight and help the market grow.
Uganda Freight Forwarding Market
High Traffic at Borders: Being a landlocked country, Uganda resorts to multimodal transportation for most of its cargo. 70% of the cargo comes in from Mombasa which has led to a 6% increase in traffic at the borders in 2016. The development of roads will help curb this problem.
Government Initiative: Government had introduced a Northern Economic Corridor multi-modal plan consisting of road, rail, pipeline and inland waterways transport to link Uganda to Kenya, Rwanda, Burundithe Democratic Republic of Congo and Southern Sudan. It’ll help bridge the gap between countries by providing a modal shift function among rail, truck, and the inland waterway. It also focuses on reducing export cost by improving container depot functions.
Discovery of Oil: In 2006 the country had confirmed its discovery of oil. The logistics companies had played a vital role in building on it post 2006. The equipment will be transported from Busia using the port of Mombasa and Mutukula using the port of Dar-es-Salaam of Tanzania. Once the oil and gas in Uganda get functional the increase in the jobs has been estimated to be 150,000 a part of which is said to be specifically for the logistics companies.
Focus on International Trade: The AfCFAT agreement between the African regions is expected to increase the Intra African trade by 52.3%. Uganda is mainly an import driven country and the government is focusing on its FTAs in order to increase trade with neighboring countries.
Rise in Technology: The freight forwarding companies are focusing on technologies that would help them keep a track of the cargo being transported preventing the loss of cargo and allowing timely delivery of products.  Asycuda World is an online portal which helps keep a track of all the sea cargo which is unloaded at Mombasa and brought to the country by road.
Key Segments Covered:-
Freight Forwarding Market By
Freight Revenue by Mode
Road Freight (Revenue, Cost, Major Developments, Road Categories, Major Products transported, Major Companies
Rail Freight (Revenue, Volume, Railway Network, Major Product’s transported, major companies)
Air Freight (Revenue, Cargo Traffic, Cost, Import and Export of Mails, Commercial-Non commercial movements, Major products transported, Major Companies)
Revenue by Freight
Domestic Freight (Revenue, Road Freight, Air Freight, Rail Freight)
International Freight (Revenue, Road Freight, Air Freight, Rail Freight)
Freight Revenue by Flow Corridors
Asian Region
Common Market for Eastern and Southern Africa (COMESA) Region
European Union
North America
Others (includes South/Central America, other African regions)
Freight Revenue by Contract Logistics and Integrated Logistics
Freight Revenue by End Users
Food, Beverages and Consumer Retail
Automotive
Health Care
Others (includes construction, chemicals and others)
Key Target Audience
Trucking Companies
Express Logistic Companies
E-commerce Logistics Companies
Airlines
Shipping Companies
Contact Logistics Companies
Mail/ Courier/ Postal Companies
Time Period Captured in the Report:-
Historical Period: 2013-14 to 2017-18
Forecast Period: 2018-19 to 2022-23
Companies Covered:-
Bollore Transport and Logistics Uganda
Spedag Interfreight Uganda Ltd
Maersk Uganda Ltd
Kenfreight Uganda Ltd
CMA CGM Uganda Ltd
Union Logistics Uganda Ltd
Keywords:-
International Freight Companies in Uganda
Uganda Freight Forwarders
Warehousing & Freight Forward Services in Uganda
Sea Freight Clearing and Forwarding Rates Uganda
Uganda Freight Forwarding Market Future Outlook
Cost air express and ground express services Uganda
Bollore Transport Freight Forwarding Revenue
Freight Forwarding Trucking Companies Uganda
Freight Forwarding Market Uganda
Freight Forwarding Industry Uganda
Number of cold storage warehouse in Uganda
Demand for owned and 3PL warehouse in Uganda
Cost of setting up a warehouse in Uganda
Uganda International Freight Revenue
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Increase in Use in Digital Advertising & Consumer Electronics Coupled with Rise in Demand for Energy-Efficient Lights and Ban on the Usage of Incandescent Bulbs is Set to Drive Global Led Materials Market over the Forecast Period: Ken Research

Light-emitting diode or LED is a semiconductor device which is made of elements from group III & group V of the periodic table, known as III-V materials. LED releases light when an electric current is passed through it. Light is produced when particles carrying the current (electrons & holes) coalesce with one another within the semiconductor material. Color of the emitted light depends on the composition of semiconductor material used in manufacturing of LED. It is extensively used in an array of application for instance displays devices on clock, lighting bulbs, digital watches, radios, and calculators. It also finds its applications in high definition television display, camcorder, camera, optical fiber communication, telecommunications, and TV remote controls. The application of LED is even exceeded to the Jewelry & Wearable’s.

According to study, “Global LED Materials Market Research Report - Forecast to 2024” the key companies operating in the global LED materials market are AkzoNobel N.V., OSRAM Opto Semiconductors GmbH (OSRAM), Intematix, OSRAM, Nichia Corporation, DuPont, and Sabic, EpiGan, Epistar Corporation, Plessey, Cree, Inc., Sumitomo Electric Industries Ltd, MACOM, DOWA Electronics Materials Co., Ltd (DOWA Materials Co., Ltd), Opto Semiconductors, UBE Industries Ltd, Seoul Semiconductor, II-VI Incorporated.
Based on type, global LED materials market is segmented into substrates/semiconductors, epitaxy materials, phosphor, wafers and others. Substrates include gallium arsenide (GaAs), gallium phosphide (GaP), gallium nitride (GaN), aluminum gallium arsenide (AlGaInP), indium gallium nitride (InGaN) and others. GaAs is the most commonly used material in all major classes of LED for instance high-power LED, miniature LED, and application-specific LED. Wafers include sapphire, silicon carbide, silicon and others. Based on precursors, market is segmented into trimethyl-aluminum (TMA), trimethyl gallium (TMGa), trimethyl indium (TMIn), C2Mg2 and triethyl gallium (TEGa). Additionally, based on application, market is segmented into consumer electronics, general lighting, displays & billboards, automotive exterior lighting, automotive interior lighting, healthcare and specialty lighting. Consumer electronics segment is further sub-segmented into television, handheld devices, monitors, backlight and others. In addition, general lighting segment is further sub-segmented into I&I lighting, residential lighting, outdoor lighting and others.
The LED materials market is driven by increase in use in digital advertising & consumer electronics, followed by rise in demand for energy-efficient lights, ban on the usage of incandescent bulbs, increase in demand for high-definition displays and growth in automotive industry. However, environmental threats, lifespan and lack of awareness about the benefits of LEDs may impact the market. Moreover, increase in use of LEDs across industries and Li-Fi technologies are major opportunities for market. Furthermore, prevalence of quantum dot as down conversion material in LEDs and introduction of new led materials are key trends for market.
Based on geography, the Asian-Pacific region accounts for the main share of the LED materials market owing to strengthen in power generation & distribution infrastructure of developing economies and growth in focus on information technology in the region. The North-American & European regions are expected to witness higher growth rate due to increase in initiatives to substitute traditional and less durable & high-power-consuming bulbs by energy-efficient LED bulbs over the forecast period. It is expected that the market will be reached at rapid pace caused by large scale LED manufacturing industries and decrease in prices of LED as a result of the advancement in manufacturing technology over the forecast period.
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Growth in Development of Application Specific Solenoid Valves, Followed by Increase in Adoption of Solenoid Valves in Food & Beverages Industry is Set to Drive Global Solenoid Valves Market Over the Forecast Period: Ken Research

According to study, “Global Solenoid Valves Market, By Type (2 way, 3 way, 4 way, 5 way), By Component (Brass, Aluminum, Stainless Steel, Plastic), Operating Type (Direct, Semi-direct, Indirect), End User (chemical & petrochemical, food & beverages)- Forecast 2027” the key companies operating in the global solenoid valves market are Curtiss-Wright Corporation, Asco Valve, Inc., Parker Hannifin Corporation, IMI PLC, GF Piping Systems, SMC Corporation, Danfoss A/S, OMEGA Engineering, Christian Burkert GmbH & Co. Kg, GSR Ventiltechnik GmbH & Co. KG, Emerson Electric Co., Rotex Controls B.V, The Lee Company, Cole-Parmer Instrument Company LLC, Hansen Technologies, Cla-Val, Aira Euro Automation Pvt. Ltd., AirTAC International Group, Anshan Solenoid Valve Co. Ltd, Kankeo Sangyo Co. Ltd., ABB Ltd., CEME SpA. The key players are focusing more on the improvement of new technologies which can provide improved features or better performance.



Solenoid valve is a device or appliance which uses a solenoid to direct valve activation. Solenoid valve is mainly designed for withstanding the corrosive & humid environments. It is generally made of stainless steel components. It is used in fluidics as a control element. It is increasingly being utilized in food preparing industry. In the food industry, valves come in two distinct variations: utility service valves and direct contact valves. Utility service valves do not come in direct contact with the food materials while direct contact valves are come in direct contact with the food items & are safe from corrosion. Solenoid valves perform various tasks such as release, mix or distribute fluids and shut-off. The key advantages are included high reliability, extended service life, fast and safe switching, compact design and low control power.

Based on type, global solenoid valves market is segmented into 2 way, 3 way, 4 way and 5 way. Based on component, market is segmented into brass body, stainless steel, aluminum body and plastic body. Brass body is expected to hold the major market share due to high thermal conductivity. Based on operating type, market is segmented into direct operating, semi-direct operating and indirect operating. In addition, based on end-user industry, market is segmented into food & beverage, pharmaceuticals, chemical & petrochemical, aerospace & defense, water treatment, automotive, power generation and oil & gas.

The solenoid valves market is driven by growth in development of application specific solenoid valves, followed by increase in adoption of solenoid valves in food & beverages industry and rise in shift to renewable sources for power generation. However, compatibility and technical issues may impact the market. Moreover, an increase in demand in wastewater treatment industries is a major opportunity for market. Furthermore, development of new solenoid valves for instance pinch valves, customized valves, and micro-miniature valves are key trends for market.

Based on geography, the North-American region holds major share, followed by European region in global solenoid valves market owing to increase in applications of solenoid valves into various industrialized sectors, lower price and poor consumption of power in the region. Asian-Pacific region is expected to witness considerable growth due to growth in the global economies and advancement in manufacturing technologies over the forecast period. It is estimated that the market will be reached at US $4.6 billion, by 2023.

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