Valve of the Future: Innovations Driving the Solenoid Valves Industry Trends Forecast and Industry Analysis to 2031 | SMC Corporation, and The LEE Company

The solenoid valves market is expected to witness robust growth over the forecast period owing to rising automation and advanced automation in various end-use industries. Growing demand for solenoid valves from the food & beverage industry for process automation applications such as filling, packaging, dosing, and others is expected to support market growth during the forecast period. Furthermore, increasing investments in automation infrastructure, rising adoption of Industry 4.0, and growing focus on improving operational efficiency across end-use sectors are some other factors anticipated to propel the market growth between 2024 and 2031.

Expanding Industrial Sector Drives Demand

The industrial sector has witnessed significant growth over the past few years globally. Various industries such as oil & gas, food & beverages, chemical, pharmaceuticals, and automotive among others extensively use solenoid valves for automation purposes. The growing need for precision, miniaturization, fast response time and accurate control has augmented the adoption of solenoid valves. Furthermore, the rising investments in process automation technologies by manufacturers will further propel the sales of solenoid valves in the forthcoming years.

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Increasing Implementation of Industry 4.0 to Boost Uptake

Inustry 4.0 is the current trend of automation and data exchange in manufacturing technologies. It includes cyber-physical systems, IoT, cloud computing and cognitive computing. The implementation of industry 4.0 aims to create smart factories that make decentralized decisions and helps in developing connected machines and systems. Solenoid valves play a critical role in Industry 4.0 as they are essential components for automation. Their ability to perform automated mechanical operations with high precision and consistency increases their importance. Hence, the widespread adoption of industry 4.0 concept across various industries will accelerate the demand for solenoid valves.

Key Company Profiles:

Major players operating in the solenoid valve market include Asco Valve, Inc, Christian Bürkert GmbH & Co. Kg., Curtiss-Wright Corporation, Danfoss A/S, GSR Ventiltechnik GmbH & Co. Kg, IMI PLC, Parker Hannifin Corporation, Rotex Controls B.V., SMC Corporation, and The LEE Company

Key Region/Countries are Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

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Some of the Major Points of TOC cover:

Chapter 1: Techniques & Scope

1.1Definition and forecast parameters
1.2Methodology and forecast parameters
1.3 Information Sources

Chapter 2: Latest Trends Summary

2.1 Regional trends
2.2 Product trends
2.3 End-use trends
2.4 Business trends

Chapter 3: Industry Insights

3.1 Industry fragmentation
3.2 Industry landscape
3.3 Vendor matrix
3.4 Technological and Innovative Landscape

Chapter 4: Solenoid Valves Market , By Region

Chapter 5: Company Profiles

5.1 Overview of the Company

5.2 Economic components

5.3 Product Overview

5.4 Analysis of Strengths and Weaknesses

5.5 Methodical Outlook

Chapter 6: Assumptions and Acronyms

Chapter 7: Research Methodology

Chapter 8: Contact (Continue . . .)

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