Solenoid Valve Market Size Worth $4.7 Billion By 2030: IndustryARC
Research Reports
Apr 11, 2024
The Solenoid Valve market is estimated to surpass $4.7 billion by 2030 driven by the transportation sector growing at a CAGR of 2.8% over 2023-2030. The industry is also majorly driven by the rapid adoption of fluid automation processes in industries such as water supply, oil and gas, and agricultureaccording to the latest market research report published by IndustryARCin its recent report, titled “Solenoid Valve Market Size, Share & Trends Analysis Report-By Usage – (Pneumatic, Hydraulic, Fluidic), By Application (Aerospace & Defense, Automotive, Oil & Gas, Chemical, Water & Waste Water, Metal and Mining, Paper & Pulp, Transportation & Logistics, F&B , Power Generation, Consumer Goods, Medical & Health care, Infrastructure, Agriculture, General Manufacturing, Others) By Geography – Global Opportunity Analysis & Industry Forecast, 2023-2030’’
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Asia-Pacific to Register Highest Growth:
APAC is projected to grow at the highest CAGR of 4.1% over the forecasted period 2023-2030. The adoption of automation solution among many industries, especially in the water supply management, food and beverages, chemical is highly increasing. Thus, this attributes to boost growth of the solenoid valves market. Rising Water and Waste Water, oil and gas industries, automotive, and more in the country has been driving the solenoid valve market in this region. Several benefits offered by Solenoid valve, help industries mainly to control machines, dose, mix, or restrict the flow of liquids or gases. Moreover, in automatic systems, solenoid valves are utilized to control the flow of fluid and produce movements in the process by the industries. Increasing need for clean and hygienic water supply is growing the demand for water treatment plants in the country which in turn increasing the demand for growth of the solenoid valves market.
Solenoid Valve Market2023-2030: Scope of the Report
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Report Metric |
Details |
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Base Year Considered |
2022 |
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Forecast Period |
2023–2030 |
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CAGR |
2.8% |
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Market Size in 2030 |
$4.7 billion |
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Segments Covered |
Usage, End Use Industry and Region |
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Geographies Covered |
North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Netherlands, Denmark and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa). |
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Key Market Players |
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Solenoid Valve Market Report – Key Takeaways:
Adoption of IoT Based Solutions
The solenoid valve market is witnessing a significant trend towards the adoption of smart and IoT-enabled valves. These valves incorporate sensors and connectivity features, allowing for remote monitoring, data collection, and predictive maintenance. By leveraging IoT technology, industries can optimize their processes, reduce downtime, and enhance operational efficiency. Smart solenoid valves enable real-time insights into valve performance, leading to proactive maintenance and improved reliability, making them increasingly sought after in various sectors such as manufacturing, oil and gas, and water management.
Focus on Energy Efficiency and Sustainability
Energy efficiency and sustainability are becoming paramount considerations in the solenoid valve market. Manufacturers are developing eco-friendly valves with reduced power consumption, minimal leakage rates, and optimized performance to meet stringent environmental regulations and address the growing demand for sustainable solutions. Energy-efficient solenoid valves not only lower operational costs but also contribute to carbon footprint reduction, making them attractive to industries striving to achieve sustainability goals.
Customization Growth driving market demand
There is a growing demand for customized and modular solenoid valve solutions tailored to meet specific application requirements and preferences. Manufacturers are offering a wide range of customizable options, including different port sizes, materials, voltage ratings, and control features, to address the diverse needs of customers across industries. Modular solenoid valve designs allow for greater flexibility in system integration and configuration, enabling users to assemble bespoke solutions that meet their unique specifications.
Focus on Reliability
Ensuring reliability and optimizing maintenance practices are critical trends in the solenoid valve market. Industries rely on solenoid valves for essential functions in automated systems, and any downtime or malfunction can lead to costly disruptions in operations. Manufacturers are focusing on designing valves with enhanced reliability, durability, and performance to meet the rigorous demands of industrial applications.
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Key Opportunity Analysis:
Rising Industrial Automation Post Covid-19 Pandemic
The solenoid valve market is poised for significant growth opportunities driven by the expansion of industrial automation and process control across various sectors. As industries continue to adopt automation to enhance efficiency, productivity, and safety, the demand for solenoid valves as essential components of automated control systems is expected to surge. Industries such as manufacturing, oil and gas, water and wastewater treatment, automotive, and pharmaceuticals rely on solenoid valves for precise fluid or gas control in a wide range of applications. This trend creates opportunities for solenoid valve manufacturers to innovate and develop advanced solutions tailored to meet the evolving needs of automated manufacturing processes.
Rising Applications in Healthcare Industry
The healthcare and life sciences sectors offer promising opportunities for growth in the solenoid valve market, driven by the increasing demand for precision fluid control in medical devices, diagnostic equipment, and laboratory instrumentation. Solenoid valves play a critical role in controlling the flow of fluids, gases, and pharmaceuticals in applications such as infusion pumps, anesthesia systems, diagnostic analyzers, and liquid handling systems. As advancements in medical technology continue to drive innovation in healthcare delivery and patient care, there is a growing need for solenoid valves with enhanced performance, reliability, and safety features. Manufacturers can capitalize on this opportunity by developing specialized solenoid valve solutions tailored to meet the stringent requirements and regulatory standards of the healthcare industry.
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The Report also Covers the Following Areas:
- Solenoid Valve Market Size and Forecast
- Solenoid Valve Market Trends
- Solenoid Valve Market Analysis by End Use Industry
Solenoid Valve Market2023-2030: Key Highlights
- CAGR of the market during the forecast period 2023-2030
- Value Chain analysis of key stake holders
- Detailed analysis of market drivers and opportunities during the forecast period
- Solenoid Valve Market size estimation and forecast
- Analysis and predictions on end users’ behavior and upcoming trends
- Competitive landscape and Vendor market analysis including offerings, developments, and financials
- Comprehensive analysis of challenges and constraints in the Solenoid Valve Market
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List of Key Market Players in Solenoid Valve Market:
The key companies profiled in the Solenoid Valve Market Report are listed below:
- Asco (Emerson)
- Parker
- IMI PLC (Norgren)
- Eaton
- Denso Corp.,
- Bosch Rexroth
- Danfoss A/S
- Burkert Fluid Control Systems
- ITT Inc.
- Curtiss-Wright.
Related Reports:
Automotive Solenoid Valve Market – Forecast(2024 – 2030) – The global Automotive Solenoid Valve Market is estimated to surpass $6.5 billion mark by 2026 growing at an estimated CAGR of more than 6.9% during the forecast period 2021 to 2026. Automotive solenoid valves are electromechanically controlled valves. These valves control the rate of flow of air or fluid in systems and motors in automobiles.
Report Code: ATR 0060
India Solenoid Valves Market – Forecast (2024 – 2030) – The India Solenoid Valves is estimated to surpass $604 million mark by 2026 growing at an estimated CAGR of more than 5.2% during the forecast period 2021 to 2026. Solenoid valves are primarily used as controlling devices in systems and motors where liquid and gas flow rate needs to be regulated through safe switching.
Report Code: AIR 0215
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Mr. Venkat Reddy IndustryARC Email: sales@industryarc.com USA: (+1) 518 282 4727
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