New York, NY -- (SBWire) -- 05/09/2019 --Solenoid valve is a device which uses a solenoid to control valve activation. In solenoid valve, electric current is passed through a solenoid. Solenoid valves are considered as electromechanically operated valve used for controlling liquid or gas flow. Solenoid valves are most commonly used in fluidics as a control elements. They perform the various task such as release, shut-off, mix or distribute fluids. Solenoid offers various advantages such as high reliability, fast and safe switching, extended service life, compact design and low control power.
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Solenoid valve market is evolving continuously and expected to witness significant growth during the period of forecast. Constant evolution in solenoid valve market leads to the development of new technologies. Factors which are driving the growth of global solenoid valve market are increasing applications of solenoid valves into various industrial sectors, lower price of a valve and lower power consumption. Furthermore, development of new solenoid valves such as micro-miniature valves customized valves and pinch valves encourages the growth of global solenoid valve market. On the other hand, solenoid valve market growth is affected by few common problems associated with solenoid valves. Power failure, uneven pressure, wrong voltage may affect the functioning of solenoid valve because of which solenoid valves may not open, erratic valve sounds while opening and closing of valve and coil problems in solenoid valves are some of the common issues associated with solenoid valves.
Global solenoid valve market is segmented on the basis of type, application, and region. On the basis of type, the global solenoid valve market can be segmented into two port valves, three-port valves, and four-port valves.
Solenoid valves are commonly used in fluid power pneumatic and hydraulic system to control fluid power motors or large industrial valves. Solenoid valves are also used in automatic irrigation sprinkle system. Furthermore, washing machine and dishwashers use solenoid valves to control the flow of water into the machine. On the basis of application, the global solenoid valve market can be segmented into various industries such as chemical industry, pharmaceutical industry, automobile industry, agriculture industry, food & beverages industry and others. Out of all these applications, the chemical industry is expected to dominate global solenoid valve market during the period of forecast.
On the basis of region, the solenoid valve market can be segmented into seven regions which includes, North America, Latin America, Western Europe, Asia-Pacific (excluding Japan), Eastern Europe, Japan and Middle East & Africa region. Further, the market is sub-segmented as per the major countries of each region in order to provide better regional analysis of the solenoid valve market. North America and Western Europe region expected to cover a major share of global solenoid valve market during the forecast period.
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Key players are global solenoid valve market are ASCO Valve, Inc., Danfoss A/S, CKD Corporation, Christian Bürkert GmbH & Co. KG, SMC Corporation of America, IMI plc Company, GSR Ventiltechnik GmbH & Co. KG, ODE s.r.l., KANEKO SANGYO Co., Ltd, CEME S.p.A., TAKASAGO ELECTRIC INDUSTRY CO., LTD., Parker Hannifin Corp. and Ningbo mailing pneumatic co., Ltd. among others. Market players are focusing more on the development of new technologies which can provide improved features and better performance. Market players are focusing more on providing industry-specific products in order to capture more market. Global solenoid valve market is also witnessing trend of development of new solenoid valves such as customized valves, pinch valves, and micro-miniature valves. These developments are expected to fuel the overall growth of the global solenoid valve market during the forecast period.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as type, application, and region
The report covers exhaustive analysis on:
Solenoid valve Market Segments
Solenoid valve Market Dynamics
Historical Actual Market Size, 2012 - 2014
Solenoid valve Market Size & Forecast 2015 to 2025
Supply & Demand Value Chain
Solenoid valve Market Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Solenoid valve Market Drivers and Restraints
Regional analysis for Solenoid valve Market includes
North America
US & Canada
Latin America
Brazil, Argentina & Others
Western Europe
EU5
Nordics
Benelux
Eastern Europe
Asia Pacific
Australia and New Zealand (ANZ)
Greater China
India
ASEAN
Rest of Asia Pacific
Japan
The Middle East and Africa
GCC Countries
The Other Middle East
North Africa
South Africa
Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights:
Detailed overview of parent market
Changing market dynamics of the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth
A neutral perspective towards market performance
Must-have information for market players to sustain and enhance their market footprint
Solenoid Valve Market Industry Analysis of Christian Bürkert GmbH & Co. KG, SMC Corporation of America, IMI Plc Company
The ‘Solenoid valve market’ research report fabricated by Persistence Market Research, is an in-depth analysis of the latest trends persuading the business outlook. The report also offers a concise summary of statistics, market valuation, and profit forecast, along with elucidating paradigms of the evolving competitive environment and business strategies enforced by the behemoths of this industry.