China Solenoid Valve Market Competitive Landscape, Revenue, Recent Trends, SWOT Analysis, and Forecast 2022-2030 | Airtac, Danfoss A/S, Emerson, Parker, and Festo Corporation 

Astute Analytica's recent report on the global China solenoid valve Market encompasses all of the factors that will impact the market in the coming years. The report covers a variety of topics, including the impact of COVID-19, shareholding segments, latest trends, future prospects, innovations, strategies, etc.

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The global China solenoid valve Market size was US$ 555 Million in 2021. The global China solenoid valve Market is forecast to grow to US$ 1,057.2 Million by 2030 by registering a compound annual growth rate (CAGR) of 7.4% during the forecast period from 2022 to 2030.

Factors Influencing the Market

Favorable regulatory standards for tax breaks for infrastructure ventures are primarily driving the growth of the global China solenoid valve Market. In addition, other factors like the rapidly growing urban population, technological advancements, and growing R&D activities will offer lucrative growth opportunities for market growth.

However, risks associated with equipment handling and high machine costs are expected to stymie the growth of the industrial and heavy machinery market. This report on the global China solenoid valve Market outlines every subject impacting the market. The report offers both qualitative and quantitative analysis based on every segment.

COVID-19 Impact Analysis

Following the coronavirus pandemic, the industrial and heavy machinery market experienced a sharp decline in terms of revenue. The COVID-19 pandemic forced the imposition of a lockdown to reduce infection among the population across countries. Moreover, manufacturing companies rely heavily on the supply of raw materials and components from other countries around the world, which was halted during the pandemic. Thus, the negatively affected the global China solenoid valve Market.

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Competitive Dashboard

The key players in the China Solenoid Valves Market are Airtac, Danfoss A/S, Emerson, Parker, CKD Corporation, Curtiss-Wright Corporation, Parker, and Festo Corporation, among others. 

Segmentation Overview

The following are the various segments of the China Solenoid Valves Market:

By Type segment of the China Solenoid Valves Market is sub-segmented into: 

Direct-acting valves
 Pilot-operated valves

By Function segment of the China Solenoid Valves Market is sub-segmented into: 

 2-way
 3-way
 4-way
5-way

By Material segment of the China Solenoid Valves Market is sub-segmented into: 

Stainless Steel
Aluminum
Plastic
Others

By Operation segment of the China Solenoid Valves Market is sub-segmented into: 

Normally open
Normally closed
Universal

By Media segment of the China Solenoid Valves Market is sub-segmented into: 

Air
Gas
Water

By Industry segment of the China Solenoid Valves Market is sub-segmented into: 

Oil & Gas
Chemical & Petrochemical
F&B
Power Generation
Pharmaceuticals
Automotive
Medical
Others

The presence of developing economies such as India, China, etc., will drive the Asia-Pacific China solenoid valve Market forward. It is majorly attributable to the growing urbanization and industrialization in the region. Further, the availability of cheap labor and raw materials has increased factory setup in the region. According to Invest India, the Parliament passed a bill with the aim to develop National Bank for Financing Infrastructure and Development (NaBFID) in order to invest in infrastructure projects in the country. Moreover, the same source estimates that infrastructure activities held a 13% share of the total FDI inflows of US$ 81.72 billion in In FY21.

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