Global Electromechanical Solenoid Valves Market Report, History and Forecast 2017-2028
Summary
Market Analysis and Insights: Global Electromechanical Solenoid Valves Market
Due to the COVID-19 pandemic, the global Electromechanical Solenoid Valves market size is estimated to be worth US$ 4.19 billion in 2021 and is forecast to a readjusted size of US$ 5.32 billion by 2028 with a CAGR of 3.41% during the review period.
The global main manufacturers of Electromechanical Solenoid Valves include Emerson (ASCO & Sirai), Kendrion, Danfoss, Parker, Bürkert, SMC, ETO Magnetic GmbH (ETO GRUPPE), Norgren (IMI), CKD, and CEME, etc. In 2021, the global six largest players have a share approximately 42.23% in terms of revenue.
The North America Electromechanical Solenoid Valves market is estimated at US$ 0.85 billion in 2021, while China is forecast to reach US$ 0.88 billion by 2028. The proportion of the China is 20.96% in 2021 and it is predicted that the share will reach 22.55% in 2028, trailing a CAGR of 5.63% through the analysis period. As for the Europe Electromechanical Solenoid Valves landscape, Germany is projected to reach US$ 0.26 billion by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is 3.92% and 4.45% respectively for the next 6-year period.
Direct-Acting Solenoid Valves accounting for 39.71% of the Electromechanical Solenoid Valves global market in 2021, is projected to value US$ 1.98 billion by 2028, growing at a revised 2.42% CAGR in the post-COVID-19 period. While Home Appliance segment is altered to an 4.61% CAGR throughout this forecast period and will hold a share about 36.58% in 2028.
Global Electromechanical Solenoid Valves Scope and Market Size
The global Electromechanical Solenoid Valves market is segmented by region (country), company, by Type, and by Application. Players, stakeholders, and other participants in the global Electromechanical Solenoid Valves market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type, and by Application for the period 2017-2028.
By Company
Emerson (ASCO & Sirai)
Kendrion
Danfoss
Parker
Bürkert
SMC
ETO Magnetic GmbH (ETO GRUPPE)
Norgren (IMI)
CKD
CEME
Saginomiya
ODE
GF Piping Systems (Georg Fischer)
YPC
PRO UNI-D
AirTac
Zhejiang Sanhua
Anshan Electromagnetic Valve
Juliang Valve
The Lee Company
Curtiss-Wright
OMEGA Engineering (Spectris)
Kaneko Sangyo
Takasago Electric
Masterflex (Avantor)
Segment by Type
Direct-Acting Solenoid Valves
Sub-Step Direct-Acting Type
Pilot Solenoid Valves
Segment by Application
Home Appliance
Automobile
General Industry
Automation
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Europe
Germany
France
U.K.
Italy
Russia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Saudi Arabia
UAE
Egypt
Turkey
South Africa
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