MRO Magazine

Solenoid Valve Market Worth USD 4.41 Billion by 2022 – Increasing Need for Greater Process Automation in Various Industries – Research and Markets


June 29, 2016
By Business Wire News

DUBLIN

Research and Markets has announced the addition of the “Solenoid valve Market by Body Material, Valve Design, Industry, and Geography – Global Forecast to 2022” report to their offering.

The solenoid valve market is expected to reach USD 4.41 billion by 2022, at a CAGR of 3.54% between 2016 and 2022.

The market also registered a shipment of 12.94 million units in 2015 and is expected to reach 20.29 million units by 2022. The major factors contributing to the growth of this market include the increasing need for greater process automation in wider range of industries and growing importance for providing clean and safe drinking water worldwide.

The market for aluminum solenoid valves is expected to grow at the highest rate between 2016 and 2022 in the global solenoid valve market. The major factors contributing to the growth of this market include growing adoption of these aluminium solenoid valves in a variety of industries such as chemical & petrochemical, oil & gas, water & wastewater, food & beverages, and power generation among others as they are lighter in weight, which helps in reducing the overall weight of the body, thereby increasing the production process.

The global solenoid valve market in the Americas held the largest share in 2015; however, the market in APAC is expected to exhibit the highest growth rate during the forecast period. The major factors contributing to the growth of this market include the increasing investments across various process industries, especially in the developing economies such as China and India. The solenoid valves in these industries are utilized to control the flow of wider range of fluids and gases.

Companies Mentioned:

  • 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
  • The Lee Company

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Operating Procedures Of Solenoid Valves

8 Market, By Body Material

9 Market, By Valve Design

10 Market, By Industry

11 Market, By Geography

12 Competitive Landscape

13 Company Profiles

For more information visit http://www.researchandmarkets.com/research/sjhfzp/solenoid_valve

Research and Markets
Laura Wood, Senior Manager
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Sector: Valves