The persuasive Solenoid Valves market research report makes available fluctuations in CAGR values during the forecast period of 2021-2028 for the market. This wide ranging market study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis. The competitive landscape section of the report emphasizes on understandable insight about the market share analysis of major industry players. The report offers all-encompassing study about production capacity, consumption, import and export for all the major regions across the world. What is more, businesses can gain insights into profit growth and sustainability programme with an influential Solenoid Valves market report.
Data Bridge Market Research analyses the solenoid valves market will exhibit a CAGR of 4.01% for the forecast period of 2022-2029 and is likely to reach the USD 5.66 billion by 2029.
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Market Overview:
Solenoid valves are electromechanical devices that are intended primarily to control the flow of liquid or gas. Steel, brass, aluminium, plastic, and other metals are commonly used in their bodies. Oil and gas, power generation, food and beverage, chemical and petrochemical, and other industries all employ them.
Global Solenoid Valves Market Scope and Market Size
The solenoid valves market is segmented on the basis of body material, valve design, industry, and type. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
l On the basis of body material, the solenoid valves market is segmented into stainless steel body material, brass body material, aluminium body material and plastic body material.
l Based on valve design, the solenoid valves market is segmented into 2-way solenoid valves, 3-way solenoid valves, 4-way solenoid valves and 5-way solenoid valves.
l The industry segment of the solenoid valves market is segmented into oil and gas, chemical and petrochemical, water and wastewater, food and beverages, power generation, pharmaceutical, automotive, medical and others.
l Based on type, the solenoid valves market is segmented into direct acting, pilot operated, two way, three way and four way.
Some of the major players operating in the solenoid valves market are Emerson Electric Co., Curtiss-Wright Corporation, Christian Burkert GmbH & Co. KG, GSR Ventiltechnik GmbH & Co. KG, IMI, Danfoss, PARKER HANNIFIN CORP, Rotex Automation, Takasago Electric, Inc., CEME S.p.A., SMC Corporation (India) Pvt. Ltd, The Lee Company, KANEKO SANGYO CO.,LTD., AIRA EURO AUTOMATION PVT. LTD., Jekon Controls, Uflow Automation, macvalves inc., APPLIED INDUSTRIAL TECHNOLOGIES, Nison Group, and Yashima Export & Import Co., Ltd., among others.
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