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Global Solenoid Valves Generating Profits from the Oil and Gas Industry

Published By: IndustryARC Published On : 24-Apr-2019

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://industryarc.com/support.php?id=1273

Related Reports:

 

A.

    

Automotive Solenoid Valves Market

https://industryarc.com/Report/9594/automotive-solenoid-valves-market-research-analysis-report.html

 

B.

     

Direct Actuated Solenoid Market

https://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

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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.

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3. Find out market shares for other smaller companies or companies which are of interest to you.

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5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.

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About IndustryARC

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 [1]https://www.opec.org/opec_web/flipbook/WOO2017/WOO2017/assets/common/downloads/WOO%202017.pdf

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