The Solenoid Valves Market is anticipated to grow at a CAGR of 5.39% over the forecast period 2022 to 2027.
A solenoid valve is a valve that is operated electromechanically. A solenoid valve is used to control the fluid automatic-based components, fitting to the actuator; the valve is controlled by an electric current through a solenoid. As far as a two-port valve, the flow is switched on or off. In the case of a three-port valve, the outflow is switched between the two outlet ports. Multiple solenoid valves can be placed together on a manifold. Solenoid valves are the most often used control rudiments in fluidics. Solenoids offer safe and fast switching, long service life, low control power, high reliability, compact design and good medium compatibility. The continued evolution of small solenoid valves makes them valuable and effective components for controlling the flow, direction, and pressure of gases and fluids. Solenoid valves are widely employed in the medical device industry because to their automated functions, high dependability, and long life.
The report also assesses the key opportunities in the Solenoid Valves market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global Solenoid Valves Market has also been forecasted for the period 2021-2026, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
April 6, 2022: Emerson’s New Three-Way Miniature Solenoid Valve Expands Flexibility in Medical Product Design--
Emerson has expanded its ASCO™ Series 090 line of miniature solenoid valves, adding a new three-way Series 090 valve configuration to enable lighter, more space-efficient solutions for gas control in oxygen therapy, compression therapy and gas analyzer devices.
01 December 2021: Danfoss introduces the new EVT solenoid valve range for CO2 systems up to 140 bar--
Danfoss is pleased to introduce the new EVT solenoid valve range for CO2 systems up to 140 bar. The EVT range consists of three types with either stainless steel or copper solder connections:
• EVT 1.2 - Direct-operated for oil return, pressure equalization/relief control, high high-pressure hot gas bypass/dump and hot gas defrost
• EVT 2.0 and 3.0 - Servo-operated for high-pressure hot gas bypass/dump and hot gas defrost application.
By Type, the Solenoid Valves Market has been segmented into
By Applications, the Solenoid Valves Market has been segmented into
The report offers an in-depth assessment of the growth and other aspects of the Solenoid Valves Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
North America is expected to remain a highly attractive market for solenoid valves during the assessment period. The market is driven internationally by factors such as expanding application areas and advancements in fluid automation technologies. Furthermore, the region's solenoid valve market share is bolstered by the existence of numerous end-user sectors such as automotive, chemicals, oil & gas, and pharmaceuticals. In the global solenoid valve market, Europe has the second-largest share. The need for solenoid valves is increasing in the food and beverage and healthcare industries, owing to stringent regulations and significant healthcare spending. Asia Pacific has a significant demand for solenoid valves, which has an impact on the overall market worth. Increased demand for solenoid control valves and the potential for expansion
Solenoid Valves Market highlights the potential growth opportunities in upcoming years, while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape and other key aspects in the global market. The Global Solenoid Valves Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 5.39% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | ASCO, Kendrion, Danfoss, Parker, Bürkert, SMC, Norgren, CKD, CEME, Sirai, Saginomiya, ODE, Takasago Electric, YPC, PRO UNI-D, Airtac, Zhejiang Sanhua, Anshan Electromagnetic Value, Zhejiang Yongjiu, Juliang Valve, YONG CHUANG, Dongjiang Valves, Shanghai Kangyuan, Ningbo KeXing, Sanlixin, Shanghai Taiming, Yuyao No.4 Instrument Factory, Chongqing Dunming, IMI Precision Engineerng, Curtiss Wright Corporation, Emerson Electric Co., Parker Hannifin Corporation, KANKEO SANGYO Co. Ltd |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 139 |
Customization Available | Yes, the report can be customized as per your needs |
What is the growth rate of Solenoid Valves Market?
The Solenoid Valves Market is growing at a CAGR of 5.39% over the next 5 years.
Who are the key players in Solenoid Valves Market?
ASCO, Kendrion, Danfoss, Parker, Bürkert, SMC, Norgren, CKD, CEME, Sirai, Saginomiya, ODE, Takasago Electric, YPC, PRO UNI-D, Airtac, Zhejiang Sanhua, Anshan Electromagnetic Value, Zhejiang Yongjiu, Juliang Valve, YONG CHUANG, Dongjiang Valves, Shanghai Kangyuan, Ningbo KeXing, Sanlixin, Shanghai Taiming, Yuyao No.4 Instrument Factory, Chongqing Dunming, IMI Precision Engineerng, Curtiss Wright Corporation, Emerson Electric Co., Parker Hannifin Corporation, KANKEO SANGYO Co. Ltd
What are the significant types of Solenoid Valves Market?
Two-way SV, Three-way SV, Four-way SV, Others
What are the major end-use applications of Solenoid Valves Market?
Home appliance, Automobile, General industry, Machinery industry, Others
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