Email
Print
Controlling fluid flow in oil and gas industry
is a paramount process. Maintaining the upstream and downstream flow decides
the transportation and consumption of such fluids. The solenoid valve is a
control element applied in numerous industries to manage the fluid flow in
fluid handling industries as per a business analysis report by IndustryARC.
According to it, the global solenoid valves market size was evaluated at $3.81
billion as of 2018. With the increasing application in the oil and gas sector,
the opportunities aiding the solenoid valves market growth is estimated to rise
at a healthy compound annual growth rate (CAGR) of 4.31% throughout the
forecast period of 2019 to 2025.
The report is titled “Solenoid Valves Market: By Type (Two-way,
Three-way, Four-way, and Others); By Component (Coil, Plunger, Seal, Others);
By Seal (NBR, EPDM, Others); By Operation (Direct Acting, Pilot Operated,
Manual Reset); By Industry (Water Treatment, Power, Chemical, Others); & By
Geography - Forecast (2019-2025).” The assessment includes comprehensive
insights related to trends, outlook, demands, forecast, and geographical
distribution in the market
Global Solenoid Valves Market: Leading Segments
The increasing demands of solenoid valves in
the APAC region hustled the area to hold the largest global solenoid valves
market share of 37.36% in 2018. The hefty market share is mainly acquired due
to the rising usage of solenoid valves in multiple process industries.
Moreover, upgradation of existing facilities to automation facilitated industry
is driving the growth in the demands for solenoid valves market.
The automotive sector is the largest
application industry in the solenoid valves market. According to the analysis,
the opportunities for solenoid valves in the automotive sector is estimated to
grow at an application CAGR of 5.30% through to 2025. The reason for growth can
be justified by the growing demand for passenger and heavy commercial vehicles.
Global Solenoid Valves Market Analysis
Oil and Gas: The oil and gas industry is the backbone of the
energy sector. Moreover, the emerging alternative energy such as hydro energy,
thermal energy, and electric energy are also backed by crude oil and other
fossil fuels. According to the Organization of the Petroleum Exporting
Countries, the medium-term oil demand is expected to grow from 95.4 MB/D to
102.3 MB/D, showing an increase of 6.9 MB/D during the year 2016 and 2022. [1] The incrementing demands in the oil and gas
sector will also contribute to the profits in the global solenoid valves
market.
Automotive:
Solenoid valve is an electromechanical device
used for converting electric energy into magnetic energy which is further used
to control physical components of a machine. The solenoid valve can be a direct
current or alternating current powered solenoid which handles the mechanical
movements through its magnetic field. This technique is highly applied in
various components of an automobile. Also, the upsurge of the emerging electric
vehicle is a key driver in market growth. Thus, the rising demands in the
automotive industry will inject significant profits in the global solenoid
valves market.
Global Solenoid Valves Market Trends
The solenoid valves have capabilities to resist
humidity, corrosion, and temperature differences. Due to this feature, the
solenoid valves are employed in the food and beverage industry in the packing
lines. The popularity of processed and canned foods is increasing around the
world which will induce demands in the adjacent packaging industry further increasing
opportunities in the global solenoid valves market.
Global Solenoid Valves Market: Competitive
Landscape
Some of the key companies identified in the
report that are currently holding majority shares in the solenoid valves market
are Asco (Emerson), Parker, IMI PLC (Norgren), Eaton, Denso Corp., Bosch
Rexroth, Danfoss A/S, Burkert Fluid Control Systems, ITT Inc., and
Curtiss-Wright.
Talk to one of our sales representative about
the full report by providing your details in the link below:
https://www.industryarc.com/support.php?id=1273
Related Reports:
A. Automotive Solenoid Valves Market
B. Direct Actuated Solenoid Market
https://www.industryarc.com/Report/19064/direct-actuated-solenoid-valve-market
What can you expect from the report?
The global solenoid valves market is
prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories &
Application
11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market
Data
12. Country level
Analysis
3. Manufacturer Landscape
13. Competitor
Analysis
4. Distributor Landscape
14. Market Shares
Analysis
5. Pricing Analysis
15. Value
Chain Analysis
6. Top 10 End user Analysis
16. Supply
Chain Analysis
7. Product Benchmarking
17. Strategic
Analysis
8. Product Developments
18. Current
& Future Market Landscape Analysis
9. Mergers & Acquisition Analysis
19.
Opportunity Analysis
10. Patent Analysis
20.
Revenue and Volume Analysis
Frequently Asked Questions:
Q. Does IndustryARC provide customized reports
and charge additionally for limited customization?
Response: Yes, we can customize the report by
extracting data from our database of reports and annual subscription databases.
We can provide the following free customization:
1. Increase the level of data in application or
end user industry.
2. Increase the number of countries in
geography chapter.
3. Find out market shares for other smaller
companies or companies which are of interest to you.
4. Company profiles can be requested based on
your interest.
5. Patent analysis, pricing, product analysis,
product benchmarking, value and supply chain analysis can be requested for a
country or end use segment.
Any other custom requirements can be discussed
with our team, drop an e-mail to [email protected] to
discuss more about our consulting services.
To request for a proposal, provide your details
in the below link:
https://www.industryarc.com/reports/request-quote?id=1273
Media Contact:
Mr. Venkat Reddy
Sales
Manager
Email 1: [email protected]
Or Email 2: [email protected]
Contact Sales: +1-614-588-8538 (Ext-101)
About IndustryARC: IndustryARC is a Research and Consulting Firm
that publishes more than 500 reports annually, in various industries such as
Agriculture, Automotive, Automation & Instrumentation, Chemicals and
Materials, Energy and Power, Electronics, Food and Beverages, Information
Technology, and Life sciences and Healthcare.
[1]https://www.opec.org/opec_web/flipbook/WOO2017/WOO2017/assets/common/downloads/WOO%202017.pdf