Global Solenoid Valves Market Growth 2023-2029

Global Solenoid Valves Market Growth 2023-2029

A Solenoid Valve is an electromechanically operated valve. Solenoid Valve is used to control the fluid automatic based components, belonging to the actuator; the valve is controlled by an electric current through a solenoid: in the case of 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 frequently used control elements in fluidics. Their tasks are to shut off, release, dose, distribute or mix fluids. They are found in many application areas. Solenoids offer fast and safe switching, high reliability, long service life, good medium compatibility of the materials used, low control power and compact design
LPI (LP Information)' newest research report, the “Solenoid Valves Industry Forecast” looks at past sales and reviews total world Solenoid Valves sales in 2022, providing a comprehensive analysis by region and market sector of projected Solenoid Valves sales for 2023 through 2029. With Solenoid Valves sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Solenoid Valves industry.
This Insight Report provides a comprehensive analysis of the global Solenoid Valves landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Solenoid Valves portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Solenoid Valves market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Solenoid Valves and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Solenoid Valves.
The global Solenoid Valves market size is projected to grow from US$ 4434.2 million in 2022 to US$ 5731.7 million in 2029; it is expected to grow at a CAGR of 5731.7 from 2023 to 2029.
Global Solenoid Valves key players include ASCO, Kendrion, Danfoss, Parker, Bürkert, etc. Global top five manufacturers hold a share about 35%. Asia-Pacific is the largest market, with a share about 35%, followed by North America and Europe, both with a share about 30 percent. In terms of product, Direct-acting Type is the largest segment, with a share about 45%. And in terms of application, the largest application is Home Appliance, followed by Automobile, Automation, General Industry, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Solenoid Valves market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Direct-acting Type
Sub-step Direct-acting Type
Pilot-type
Segmentation by application
Home Appliance
Automobile
General Industry
Automation
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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
Key Questions Addressed in this Report
What is the 10-year outlook for the global Solenoid Valves market?
What factors are driving Solenoid Valves market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Solenoid Valves market opportunities vary by end market size?
How does Solenoid Valves break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.