4-way Solenoid Valve Market Share Analysis, Current Trends, Competitive Enhancements, Size, and Business Outlook 2021 – 2027 | ASCO Valve, Inc. (U.S.),CEME S.p.A. (Italy)
The 4-way Solenoid Valve market is expected to grow at a compound annual growth rate of 3.55% during the forecast period of 2021 to 2027.
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major key players are: ASCO Valve, Inc. (U.S.), Christian Brkert GmbH & Co. KG (Germany), Curtiss-Wright Corporation (U.S.), Danfoss A/S (Denmark), GSR Ventiltechnik GmbH & Co. KG (Germany), CEME S.p.A. (Italy), CKD Corporation (Japan), ODE S.r.l. (Italy), KANEKO SANGYO Co., Ltd. (Japan), Takasago Electric Industry Co., Ltd. (Japan)
The water treatment segment is expected to hold a significant share of the market over the forecast period, primarily attributed to the large-scale disposal of industrial waste and effluents into the water bodies, owing to the increase in manufacturing and industrial activities across the world. This portrays the aggravated problem of wastewater.
According to the World Water Development Report 2019, published by UN-Water, over 2 billion people live in countries that are experiencing high water stress, and about 4 billion people are experiencing serious water scarcity at least one month in a year.
Also, in the current market scenario, there is considerable consolidation amongst the top players in the market. Acquisitions, such as ABB of General Electric Industrial Solutions and Emerson Electric Co. of Aventics, have strengthened several vendors to strengthen their market position as suppliers of several industrial automation solutions, including solenoid valves.
4-way Solenoid Valve Market Segmentation by Type:
Oil & Gas
Chemical & Petrochemical
Water & Wastewater
Food & Beverages
Japan is expected to stand as one of the fastest-growing markets for solenoid valve installations in Food and Beverage, Automotive, Chemical & Petrochemical, Power Generation, Oil and Gas, and Healthcare & Pharmaceutical, owing to revised environmental policies and stringent pollution monitoring practices employed by the country in recent years.
For instance, according to METI & Statistics Bureau Japan, in 2019, the production value of solenoid-operated valves in Japan amounted to approximately 18.67 million kilograms, an increase from around 15.2 million kilograms in 2015.
Also according to the same source, in 2019, the value of stainless steel solenoid valves produced in Japan amounted to approximately JPY 88.44 billion, an increase from around 67 billion yen in 2015. The market in the region is expected to expand at a significant rate during the forecast period owing to the presence of well-established domestic players.
4-way Solenoid Valve Market Segmentation by Application:
Regional Analysis Contains:
North America (the United States, Canada & Mexico)
Asia-Pacific (Japan, China, India, Southeast Asian Countries & Australia etc.)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands & Belgium etc.)
Central & South America (Brazil, Argentina, LATAM etc.)
The Middle East & Africa (United Arab Emirates, Qatar, Saudi Arabia, Israel & South Africa etc.)
The competitive landscape is provided for detailed insights on the Global 4-way Solenoid Valve Market Size, including revenue share analysis (millions of dollars) by players, revenue market share (percentage) by players, and qualitative analysis of market concentration rate, product differentiation, and new entrants.
Impact and Recovery Analysis of Covid-19:
The market's development is being driven by rising demand for energy efficiency, rising infrastructure, and industrialization in Asia-Pacific. The impact of the COVID-19 outbreaks on the 4-way Solenoid Valve sector, on the other hand, could be a stumbling block to the market's growth. Numerous doubts have caused them to postpone all measures at their facilities until they obtain fresh instructions from government officials. Some companies' plants have begun to operate, which is a positive sign.
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The following points are included, along with a detailed analysis of each:
Production Analysis – The 4-way Solenoid Valve market's production is examined in terms of distinct geographies, types, and applications. The price analysis of the main important players in the Bed Frames Market is also included.
Sales and Revenue Analysis – Both sales and revenue for the various regions of the 4-way Solenoid Valve Market are investigated. Another key factor, price, is evaluated in this section for the various locations. Price plays a vital role in income-generating.
Supply and Consumption — Following on from the sales section, this part looks at supply and consumption in the 4-way Solenoid Valve Market. This section also discusses the disparity between supply and consumption. This section also includes numbers for imports and exports.
Competitors – In this part, the different leading competitors in the 4-way Solenoid Valve Market are examined in terms of their business profile, product portfolio, capacity, price, cost, and revenue.
Other analyses – In addition to the previously mentioned data, the 4-way Solenoid Valve Market trade and distribution analysis, as well as contact information for major manufacturers, suppliers, and key consumers, is provided.
Key benefits of buying the report:
The report is expected to help market leaders/new entrants in this market in the following ways:
This report segments the global 4-way Solenoid Valve market comprehensively. It provides the closest approximations of the revenues for the overall market and the sub-segments across different verticals and regions.
The report helps stakeholders understand the pulse of the 4-way Solenoid Valve market and provides them with information on key market drivers, restraints, challenges, and opportunities.
This report will help stakeholders to understand competitors better and gain more insights to better their position in their businesses. The competitive landscape section includes the competitor ecosystem, new product development, agreement, contract, expansion, and acquisition.
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