Solenoid valve Market 2018 Challenges, Trends, Opportunities and Analysis by Curtiss-Wright, OMEGA Engineering, Hannifin, The Lee Company, Cole-Parmer Instrument Company

Market Highlights:

Global Solenoid Valves Market, By Type (2 way, 3 way, 4 way, 5 way), By Component (Brass, Aluminum, Stainless Steel, Plastic), Operating Type (Direct, Semi-direct, Indirect), End User (chemical & petrochemical, food & beverages)- Forecast 2027

Solenoid valves are designed to withstand humid and corrosive environments and also with the capability to perform well at extreme room temperatures. Due to these, solenoid valves are increasingly being used in food processing industry. They are typically made of stainless steel components. The valves used in food industry come in two different variants, namely, direct contact valves and utility service valves. The direct contact valves are those that come in direct contact with the food products and are corrosion resistant, in nature. Utility service valves, on the other hand, do not come in direct contact with the food materials, and are typically used for handling substances such as water, steam and other non-food related resources.

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What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements

According to MRFR, The global Solenoid Valves Market is expected to grow at approx. USD 4.6 Billion by 2027, at 3.3% of CAGR between 2016 and 2027.

Key Players:

The prominent players in solenoid valves market are – Curtiss-Wright Corporation (U.S.), Asco Valve, Inc. (U.S.), Parker Hannifin Corporation (U.S.), IMI PLC (England) , GF Piping Systems (Switzerland), SMC Corporation (Japan), Danfoss A/S (Denmark), OMEGA Engineering (U.S.), Christian Bürkert GmbH & Co. Kg (Germany), GSR Ventiltechnik GmbH & Co. KG (Germany), Rotex Controls B.V (Netherlands), The Lee Company (U.S.), Cole-Parmer Instrument Company LLC (U.S.), Aira Euro Automation Pvt. Ltd (India), Cla-Val (U.S.) and Hansen Technologies (U.S.).

Key Findings:

The global solenoid valves market is expected to reach USD 4,661.15 Million by 2027.
By type, 2 way sub segment in solenoid valves market accounts for the largest market share and is growing with approximately 3.7% CAGR during forecast period.
By body material, brass body sub segment holds the largest market growing with approximately 3.30% CAGR by the end of forecast period.
By operating type, commercial sub segment holds the largest market share and is growing with approximately 3.71% CAGR by the end of forecast period.
By end user, Chemical & Petrochemical sub segment holds the largest market share and is growing with approximately 4.13% CAGR by the end of forecast period.
Geographically, North America region has been projected to hold the largest market share in global solenoid valves market followed by Europe region, while Asia Pacific ranks third in the solenoid valves market.

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Regional Analysis:
Solenoid valves market is growing with the positive growth in all the regions. Increasing application areas year on year and advancement in technology and developed fluid automation technologies is driving the market on global scale. On the basis of region, the market has been segmented into North America, Europe, Asia-Pacific and Rest of the World. North America is dominating the global solenoid valves market share followed by Europe which stands as the second biggest market due to rising m-commerce market whereas, Asia Pacific stands as third largest.

In the global electronic cash register market, Asia Pacific is anticipated to witness a relatively faster adoption at the highest CAGR during the forecast period as compared to other regions owing to the growing adoption of digital advancements and increasing adoption of workflow automation across different countries in the region.
The factors that hinder the market growth are the size of the equipment, level of customization of the equipment, and application in which the equipment is used. Adversely, solenoid valves are becoming more popular these days as it can be controlled electronically giving optimum output

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• Technology Investors
• Research/Consultancy Firms
• Cloud Service Providers
• Security Service Providers
• Managed Service Providers
• Cloud Storage Providers
• Infrastructure Providers

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