Press release
(2020-2026) Solenoid Valves Market Size, Share, Production, Demand and Huge Business Opportunities- ASCO, Kendrion, Danfoss, Parker, Brkert, SMC, Norgren, CKD, CEME, Sirai, Saginomiya
A solenoid valve is an electromechanically operated valve. Solenoid valve is used to control the fluid and gas 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.The global Solenoid Valves market is valued at 860 million US$ in 2017 and will reach 1240 million US$ by the end of 2025, growing at a CAGR of 4.7% during 2018-2025.
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In the coming years there is an increasing demand for Solenoid Valve in the regions of United States and Europe that is expected to drive the market for more advanced Solenoid Valve. Growth in government budgets in the principal countries, increasing of general industry fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of Solenoid Valve will drive growth in United States and Europe markets.
The Global Solenoid Valves market report chiefly includes following manufacturers-
ASCO, Kendrion, Danfoss, Parker, Brkert, 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
News and Updates:
Oct 22, 2013 BorgWarner's Eco-Launch™ Solenoid Valve Named A Finalist For The 2014 Automotive News PACE Awards
4TH APRIL 2019 FLUID Eaton launches precise and compact solenoid valve
March 14, 2017 Hengli launches explosion-proof solenoid valves
ASCO:
ASCO introduces offshore solenoid valve for challenging oil and gas industry applications
ASCO announces an offshore version of its 327 Series solenoid valve specifically designed for challenging upstream oil and gas industry applications. The new valve is constructed from corrosion-resistant materials that are compliant with NACE MR0175/ISO 15156 standards, meeting the need for a valve that is reliable and highly resistant to corrosion.
Parker:
Parker-Hannifin (PH) Introduces Low-Lead Solenoid Valves
Parker-Hannifin CorporationPH recently unveiled a Low-Lead Brass body (LLB) series of solenoid valves for the beverage dispensing industry. The latest LLB series of solenoid valves is suitable for various potential uses in dispensing systems like cold, hot and superheated water shut-off, boiler water-loading control, steam control, steam mixing and steam pressure control.
Segmentation by Type: Two-way SV, Three-way SV, Four-way SV, Others
Segmentation by Application: Home appliance, Automobile, General industry, Machinery industry, Others
Global Solenoid Valves Market Competitive Landscape
Globally, the Solenoid Valve industry market is low concentrated as the manufacturing technology of Solenoid Valve is relatively matures than some high-tech equipment. And some enterprises, like ASCO, Kendrion, Danfoss, etc. are well-known for the wonderful performance of their Solenoid Valve and related services. At the same time, Asia-Pacific, occupied 46.17% sales market share in 2016, is remarkable in the global Solenoid Valve industry because of their lowest cost of raw material and labor.
The consumption volume of Solenoid Valve is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Solenoid Valve industry may not keep that fast. But it is surely forecasted that the market of Solenoid Valve is still promising.
The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.
The impact on the cost and availability of raw materials and certain components is uncertain due to potential supply changes. The costs of raw materials have a significant impact on the level of expenses. If the prices of raw materials and related factors such as energy prices increase, and if new companies cannot pass those price increases on to customers, their results of operations and financial condition would suffer.
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Global Solenoid Valves Market Scenario-
Each segment of the global Solenoid Valves market is extensively evaluated in the research study. The segmental analysis offered in the report pinpoints key opportunities available in the global Solenoid Valves market through leading segments. The regional study of the global Solenoid Valves market included in the report helps readers to gain a sound understanding of the development of different geographical markets in recent years and also going forth.
The information displayed in the worldwide Solenoid Valves market offers maturing openings, which help clients to make key moves and flourish their business. The report features the effect of various elements that may bring about impeding or pushing the Solenoid Valves advertise at worldwide just as nearby level. The worldwide Solenoid Valves statistical surveying report offers the outline of key players overwhelming the Solenoid Valves market including a few perspectives, for example, their money related synopsis, business technique, and latest advancements in these organizations.
Key Stakeholders
Solenoid Valves Manufacturers
Solenoid Valves Distributors/Traders/Wholesalers
Solenoid Valves Subcomponent Manufacturers
Industry Association
Downstream Vendors
All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234
Mob: +91-750-707-8687
sales@marketinsightsreports.com
irfan@marketinsightsreports.com
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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