The valves in which there is inbuilt solenoid along with plunger to work as an actuator are solenoid valves. These are unidirectional valves which employ electric signals to make it active and open the valve. Hence this kind of valves permits flow as long as the electricity is provided.
The industries which are replacing their existing facilities with automated ones are replacing old facilities with solenoid valves as these valves reduce overall cost by requiring less manpower and delivering high performance.Market Dynamics
For the forecast period 2018-2023, the global solenoid valves market is expected to be valued at US$ 4.46 bn with a CAGR of 3.63%Market Segmentation
The global solenoid valves market is segmented based on vertical, design, current and region.
On the basis of vertical: chemical and petrochemical, food and beverages, medical, power generation, automobile, oil and gas, waste and wastewater.
On the basis of current: AC and DC.
On the basis of design: 2-way, 3-way, and 4-way.
On the basis of region: North America, Europe, and Asia Pacific.
During the forecast period North America is expected to show highest growth with APAC and EMEA following the trend.
The opportunities of this market can be evaluated based on the drivers and barriers present. The driver is decline in solenoid valves and the barrier is fluctuating prices of raw materials.Key Players
The big players in the global solenoid valves market are: Curtiss-Wright Corporation, IMI plc, Parker Hannifin Corporation, Danfoss A/S, Christian Brkert GmbH & Co. KG, Parker Hannifin Corporation, ASCO Valve, Inc.Report Contents
> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
> Competition & Major Companies
and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key PlayersRegional Analysis:
> North America
>> US and Canada
> Latin America
>> Mexico, Brazil, Argentina and Rest of Latin America
> Western Europe
>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe
> Eastern Europe
>> Rest of Eastern Europe
> Asia Pacific
>> Australia and New Zealand
>> Rest of Asia Pacific
> Middle East and Africa
>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.Report Highlights:
> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Market and impact
> Research Status and Technology
> Extensive Industry Structure Coverage
Publisher Name : Market Litmus