The global solenoid valve market is expected to grow at a steady rate during the forecast period. The global solenoid valve market is driven by growing concerns pertaining to water pollution and the need to remove organic pollutants from polluted water. This has increased the demand and needs for wastewater treatment. The water treatment plants extensively require solenoid valves for performing different functions thereby propelling the market growth through 2027. Additionally, advantages such as affordability, reliability, compact size, and safe & fast switching option, among others associated with solenoid valves are further expected to fuel the market growth over the next few years. However, power failure and voltage fluctuation issues can hamper the market growth during the forecast period.
The global solenoid valve market is segmented based on body material, design type, operating type, end-user industry, company and region. Based on body material, the market can be categorized into stainless steel, brass, aluminium, plastic and others. The brass body material type is expected to dominate the market owing to the thermal conductivity and non-corrosive applications of brass. Based on the end-user industry, the market can be grouped into oil & gas, water & wastewater, food & beverage, chemical & petrochemical, power generation, automotive, pharmaceuticals and others. The oil & gas industry is expected to dominate the market owing to the extensive use of solenoid valves in the oil & gas industry especially in the extraction process.
Regionally, the solenoid valve market has been segmented into various regions including Asia-Pacific, North America, South America, Europe, and the Middle East & Africa. Among these regions, North America is expected to dominate the market share in the overall solenoid valve market owing to the extensive use of solenoid valves for oil & gas extraction and wastewater treatment.
The major players operating in the solenoid valve market are ASCO Valve, Inc., Christian Bürkert GmbH & Co. KG, Curtiss-Wright Corporation, Danfoss Industries Ltd., GSR Ventiltechnik GmbH & Co. KG, Emerson Electric Company, Eaton Corporation, IMI Precision Engineering, Parker Hannifin Corporation, Omega Engineering and others. Major companies are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
The objective of the Study:
- To analyze and estimate the market size of the global solenoid valve market from 2017 to 2020.
- To estimate and forecast the market size of the global solenoid valve market from 2021 to 2027 and the growth rate until 2027.
- To classify and forecast the global solenoid valve market based on body material, design type, operating type, end-user industry, company and regional distribution.
- To identify the dominant region or segment in the global solenoid valve market.
- To identify drivers and challenges for the global solenoid valve market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global solenoid valve market.
- To identify and analyze the profile of leading players operating in the global solenoid valve market.
- To identify key sustainable strategies adopted by market players in the global solenoid valve market.
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of the global solenoid valve market using a bottom-up approach, wherein data for various end-user segments was recorded and forecasted for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated them by analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Solenoid valve manufacturers/ suppliers/ distributors
- Market research and consulting firms
- Government bodies such as regulating authorities and policymakers
- Organizations, forums and alliances related to the solenoid valve
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2021 |
| Historical Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million and CAGR for 2017-2021 and 2022E-2027F |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · Body Material
· Design Type · Operating Type · End User Industry |
| Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
| Country scope | United States, Mexico, Canada, China, India, Japan, South Korea, Australia; Germany, France, United Kingdom, Spain, Italy; South Africa, UAE, Saudi Arabia; Kuwait; Brazil, Argentina, Colombia; |
| Key companies profiled | ASCO Valve, Inc., Christian Bürkert GmbH & Co. KG, Curtiss-Wright Corporation, Danfoss Industries Ltd., GSR Ventiltechnik GmbH & Co. KG, Emerson Electric Company, Eaton Corporation, IMI Precision Engineering, Parker Hannifin Corporation, Omega Engineering. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope:
In this report, global solenoid valve market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Global Solenoid Valve Market, By Body Material:
- Stainless Steel
- Brass
- Aluminium
- Plastic
- Others
- Global Solenoid Valve Market, By Design Type:
- 2-way
- 3-way
- 4-way
- 5-way
- Global Solenoid Valve Market, By Operating Type:
- Direct
- Semi-Direct
- Indirect
- Global Solenoid Valve Market, By End User Industry:
- Oil & Gas
- Water & Wastewater
- Food & Beverage
- Chemical & Petrochemical
- Power Generation
- Automotive
- Pharmaceuticals
- Others
- Global Solenoid Valve Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
- South America
- Brazil
- Argentina
- Colombia
- North America
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the global solenoid valve market.
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Table of Content
1. Product Overview
- Research Methodology
- Impact of COVID-19 on the Global Solenoid Valve Market
- Executive Summary
- Voice of Customer
- Global Solenoid Valve Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Body Material (Stainless Steel, Brass, Aluminium, Plastic, Others)
6.2.2. By Design Type (2-way, 3-way, 4-way, 5-way)
6.2.3. By Operating Type (Direct, Semi-Direct, Indirect)
6.2.4. By End User Industry (Oil & Gas, Water & Wastewater, Food & Beverage, Chemical & Petrochemical, Power Generation, Automotive, Pharmaceuticals, Others)
6.2.5. By Company (2021)
6.2.6. By Region
6.3. Product Market Map
- Asia-Pacific Solenoid Valve Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Body Material
7.2.2. By Design Type
7.2.3. By Operating Type
7.2.4. By End User Industry
7.2.5. By Country
7.3. Asia-Pacific: Country Analysis
7.3.1. China Solenoid Valve Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Body Material
7.3.1.2.2. By Design Type
7.3.1.2.3. By Operating Type
7.3.1.2.4. By End User Industry
7.3.2. India Solenoid Valve Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Body Material
7.3.2.2.2. By Design Type
7.3.2.2.3. By Operating Type
7.3.2.2.4. By End User Industry
7.3.3. Australia Solenoid Valve Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Body Material
7.3.3.2.2. By Design Type
7.3.3.2.3. By Operating Type
7.3.3.2.4. By End User Industry
7.3.4. Japan Solenoid Valve Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Body Material
7.3.4.2.2. By Design Type
7.3.4.2.3. By Operating Type
7.3.4.2.4. By End User Industry
7.3.5. South Korea Solenoid Valve Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Body Material
7.3.5.2.2. By Design Type
7.3.5.2.3. By Operating Type
7.3.5.2.4. By End User Industry
- Europe Solenoid Valve Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Body Material
8.2.2. By Design Type
8.2.3. By Operating Type
8.2.4. By End User Industry
8.2.5. By Country
8.3. Europe: Country Analysis
8.3.1. France Solenoid Valve Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Body Material
8.3.1.2.2. By Design Type
8.3.1.2.3. By Operating Type
8.3.1.2.4. By End User Industry
8.3.2. Germany Solenoid Valve Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Body Material
8.3.2.2.2. By Design Type
8.3.2.2.3. By Operating Type
8.3.2.2.4. By End User Industry
8.3.3. United Kingdom Solenoid Valve Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Body Material
8.3.3.2.2. By Design Type
8.3.3.2.3. By Operating Type
8.3.3.2.4. By End User Industry
8.3.4. Italy Solenoid Valve Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Body Material
8.3.4.2.2. By Design Type
8.3.4.2.3. By Operating Type
8.3.4.2.4. By End User Industry
8.3.5. Spain Solenoid Valve Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Body Material
8.3.5.2.2. By Design Type
8.3.5.2.3. By Operating Type
8.3.5.2.4. By End User Industry