According to the market research report “Solenoid Valves Market: By Type (2, 3 and 4 Ways, Others); By Component (Coil, Plunger, Seal, Others); By Seal (NBR, EPDM, Others); By Operation (Direct Acting, Pilot Operated, Manual Reset); By Industry (Water Treatment, Power, Chemical, Others); By Geography - (2014-2020)”, published by IndustryARC, estimates focusing on more development.
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Solenoid valves market is found to be are electromechanically operated and are mainly used to control the elements in fluidics. These solenoid electric valves are controlled with the increase and decrease of electric current through a solenoid and offer safe switching and high reliability.
Solenoid gate valves come in various structural models such as stainless steel, brass, and plastic. Depending on the application the end-user, it is possible to customize the body type, model, and other functions. They perform the various tasks such as release, shut-off, mix or distribute fluids. Electric Solenoid offers various advantages such as high reliability, fast and safe switching, extended service life, compact design and low control power.
Scope & Regional Forecast of the Solenoid Valves Market
The market for solenoid valves market is expected to grow at the highest rate between 2016 and 2022 in the global solenoid valve market. The major factors contributing to the growth of this market include growing adoption of these air solenoid valves in a variety of industries. The solenoid switch valves are as they are lighter in weight, which helps in reducing the overall weight of the body, thereby increasing the production process. To cater to the requirements of the end-users and to differentiate their products from their competitors, solenoid valve manufacturers have started offering product customizations.
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According to this market research and analysis, this availability of customization options will be one of the major trends that will gain traction in the magnetic valves market in the coming years. These comparative benchmarks allow the reader to quickly gauge a country vise-a-versa others. By means of econometric models which project important economic dynamics within each country and across countries, latent demand estimates are created. Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out.
In the end, the report makes some important proposals for a new project of pilot solenoid control valve industry before evaluating its feasibility. The market is segmented into several regions which are well settled in terms of production and adoption is the followings, North America, Europe, Asia-Pacific, and the rest of the world. But, North America and Western Europe region expected to cover a major share of global solenoid valves market during the forecast period.
Segmentations & Key Players Involved in the Solenoid Valves Market
The Solenoid Valves Market can be broken down into various segmentations on the basis of -
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Types: Two Way Solenoid Valves, Three Way Solenoid Valves Comprise Three Ports, Four Way Solenoid Valves and Others.
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Components: Coil Solenoid, Plunger, Orifice, spring, Seal and Others.
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Operation: Direct Acting Valves, Pilot Operated Valves and Manual Reset Valves
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Industry: Aerospace and Defense, Automobile, Oil & Gas, Mining, Chemical and Petrochemical Industry, Food & Beverage, Power Generation and Others.
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Geography: Americas, Europe, Asia-Pacific and Rest of the World
Some of the key players involved in the Solenoid Valves Market are as follows:
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AIRTAC International Group.
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ROTORK PLC.
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NORGEN Inc. Parker Hannifin.
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Curtiss-Wright Corporation.
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* The overall market has been consolidated from the perspective of different geographic locations and key economies for this market.
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* The market is analyzed based on the key attributes such as the power in the hands of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants.
* The study includes the demand of this particular market on a global and regional scale for a six year period of 2014 - 2020, to assess how the market will develop.
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