Global Solenoid Valves Market was valued at US$ 4.1Bn in 2019 and is expected to reach US$ 5.9Bn by 2027, at a CAGR of 4.65% during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Global Solenoid Valves Market Dynamics:
The increased incorporation of valves in different phases of the extraction process in the chemical and petrochemical industries could be a major driver for the solenoid valves market globally. The continuous retrofitting works in the aforementioned industries would significantly drive the market. Additionally, the rising need for automation in the power industry is expected to drive the market during the forecast period. Solenoid valves are significant components to the power generation industry, and so the growing investment in expanding power generation capacity will also be a market driving factor.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Major challenges of the global solenoid valves market are, various economic, environmental, political, and social factors are moving the price of solenoid valves. Also, the slump in oil & gas prices and the rise in decommissioning of thermal power generation plants are greatly affecting the solenoid valves market.
Based on body material, the stainless steel segment established a major share of the market in 2019 followed by brass because of the higher demand for stainless steel for manufacturing solenoid valves. Brass body segment holds the largest market rising with approximately 3.2% CAGR by the during the forecast period.
Region-wise, the Asia Pacific will dominate the Global Solenoid Valves Market during the forecast period. It is expected to generate US$ 3.2Bn by 2027 at a CAGR of 5.8%. The adoption of solenoid valves in industrial applications will increase the growth of the Asia Pacific market during the forecast period. China has the largest share in the solenoid valves market. Countries like India and South Korea also present better opportunities for solenoid valve manufacturers. In China, the rising investment in the power generation industry, which depends on renewable energy sources, is the second largest industry for solenoid valves. The solenoid valve is a significant component in these industries and aids the control of liquids and gases.
Recent development in global solenoid valves market, Pentair Plc., a water treatment company that designs and productions valves and actuators, merged with Emerson Electric Company, a leading key player in the industry that deliveries products for industrial automation, process management, network power, and commercial solutions in 2019.
Global Solenoid Valves Market Regional Insights:
In China, Rotork fitted ELB units into gas-over-pipeline actuators for line break monitoring. The task of the ELB units is to permit the operator to monitor the running condition of the gas pipeline and the status of the valves. The ELB units are providing with an array of programmable alarm and alert indicators, which can assist the operator closes the appropriate valves.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Solenoid Valves Market dynamics, structure by identifying and analyzing the market segments and project the global market size.
Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the Global Solenoid Valves Market.
Global Solenoid Valves Market, Key Highlights:
• Global Solenoid Valves Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Solenoid Valves Market
• Global Solenoid Valves Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Solenoid Valves Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Solenoid Valves Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Solenoid Valves Market are also profiled.
The report has considered the base year of 2019 and past four years trend. 2020 figures are at actuals, however due to different dynamics of year 2020, market forecast is not only dependent upon 2020, but on the basis of 2016-2020.
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Scope of Global Solenoid Valves Market: Inquire before buying
Global Solenoid Valves Market, By Body Material:
• Stainless Steel
• Brass
• Aluminium
• Plastic
Global Solenoid Valves Market, By Valve Design Type:
• 2-way
• 3-way
• 4-way
• 5-way
Global Solenoid Valves Market, By Industry:
• Oil & Gas
• Chemical & Petrochemical
• Water & Wastewater
• Food & Beverages
• Power Generation
• Pharmaceuticals
• Automotive
• Medical
• Others
Global Solenoid Valves Market, By Region:
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Global Solenoid Valves Market Key player
• 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
• Norgen Industrial Co.
• Emerson Electric Co.
• Airtac
• Kaneko Sangyo
• Fenghua Fuyida Electrical
• Anshan Electromagnetic Value
• PRO UNI-D
• Takasago Electric
• Ceme
• Infoblox Inc
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Global Solenoid Valves Market was valued at US$ 4.1Bn in 2019 and is expected to reach US$ 5.9Bn by 2027, at a CAGR of 4.65% during a forecast period.The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters.
Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments.
The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Increasing countries like India and South Korea also present better opportunities for solenoid valve manufacturers.
The solenoid valve is a significant component in these industries and aids the control of liquids and gases.Recent development in global solenoid valves market, Pentair Plc., a water treatment company that designs and productions valves and actuators, merged with Emerson Electric Company, a leading key player in the industry that deliveries products for industrial automation, process management, network power, and commercial solutions in 2017.In China, Rotork fitted ELB units into gas-over-pipeline actuators for line break monitoring.
The task of the ELB units is to permit the operator to monitor the running condition of the gas pipeline and the status of the valves.
Global Solenoid Valves Market was valued at US$ 4.1Bn in 2019 and is expected to reach US$ 5.9Bn by 2027, at a CAGR of 4.65% during a forecast period.
Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments.
Countries like India and South Korea also present better opportunities for solenoid valve manufacturers.
Recent development in global solenoid valves market, Pentair Plc., a water treatment company that designs and productions valves and actuators, merged with Emerson Electric Company, a leading key player in the industry that deliveries products for industrial automation, process management, network power, and commercial solutions in 2019.Global Solenoid Valves Market Regional Insights: In China, Rotork fitted ELB units into gas-over-pipeline actuators for line break monitoring.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology.
The report also helps in understanding Global Solenoid Valves Market dynamics, structure by identifying and analyzing the market segments and project the global market size.
The latest study report titled as Global Explosion Proof Solenoid Valves market report is detailed analysis given by IMR Market Reports to offer a comprehensive study over the Explosion Proof Solenoid Valves Market with the help of Dynamics, development drivers, challenges, opportunities, threats, limitations, etc.
The whole report is derived through sources such as annual reports, journals, and also through the businesses supported by the industry experts.
Along with analysis tools such as, NOISE Analysis, SWOT analysis, Internal analysis, SOAR analysis, Porter’s five force and etc that are mainly used for studying limitations and opportunities, other pictorial presentations such as charts, diagrams and pie graphs are also included for easy interpretation of data.
For Right Perspective & Competitive Insights, Request a Sample @: https://imrmarketreports.com/request/23346The Report also covers the Impact of Coronavirus COVID-19.
The disease has now spread to almost every country throughout the globe leading it to be called as a huge challenge by World Health Organisation, but at the same extent it has brought some opportunities for the market players competing in the Explosion Proof Solenoid Valves market those opportunities are also mentioned in the report in extensive manner.
The statistical study of the report highly focuses on specifications, cost, capacity, marketing channels, and market players other important studies like BCG matrix, VIRO framework, Value chain analysis, porter diamond model, PESTEL analysis, etc are discussed on top phase.
