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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report, refer to below link:
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