Global Solenoid Valve Market Outlook 2022

A solenoid valve is an electromechanical device in which thesolenoid uses an electric current to generate a magnetic field and thereby operate a mechanism which regulates the opening of fluid flow in a valve.
Solenoid valves are electromechanically operated valves and are used to control the rate of flow in fluid or air powered systems and are quite often just referred to as just ’solenoids’. With automatic operation, solenoid valves are incredibly useful to engineers as they remove the need to manually operate valves. Solenoid valves are most commonly found in fluidics, fluid power pneumatic and hydraulic systems. They are normally constructed from robust materials such as stainless steel, aluminium, brass or plastic.

Market Analysis and Insights: Global Solenoid Valve Market
The global Solenoid Valve market was valued at US$ million in 2020 and it is expected to reach US$ million by the end of 2027, growing at a CAGR of % during 2021-2027.

Global Solenoid Valve Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Solenoid Valve Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
2-Way
3-Way
4-Way
5-Way

Segment by Application
Oil and Gas
Chemical and Petrochemical
Water and Wastewater
Food and Beverages
Power Generation
Pharmaceuticals
Automotive
Medical
Others

By Company
IMI
Parker Hannifin
Danfoss
Christian Burkert
ASCO Valve
Curtiss-Wright
GSR Ventiltechnik
A.u.K. Muller

Production by Region
North America
Europe
China
Japan

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E