Dublin, Feb. 15, 2024 (GLOBE NEWSWIRE) -- The "Solenoid Valves - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Solenoid Valves Market to Reach $5.2 Billion by 2030
The global market for Solenoid Valves estimated at US$3.9 Billion in the year 2022, is projected to reach a revised size of US$5.2 Billion by 2030, growing at a CAGR of 3.4% over the analysis period 2022-2030. Brass, one of the segments analyzed in the report, is projected to record 3.9% CAGR and reach US$2.3 Billion by the end of the analysis period. Growth in the Stainless Steel segment is estimated at 3.4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $810.1 Million, While China is Forecast to Grow at 4.5% CAGR
The Solenoid Valves market in the U.S. is estimated at US$810.1 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$986.7 Million by the year 2030 trailing a CAGR of 4.5% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.2% and 2.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 648 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $3.9 Billion |
| Forecasted Market Value (USD) by 2030 | $5.2 Billion |
| Compound Annual Growth Rate | 3.7% |
| Regions Covered | Global |
MARKET OVERVIEW
- Solenoid Valves - Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- Global Market Prospects & Outlook
- World Solenoid Valves Market by End-Use (2023 & 2030): Percentage Breakdown of Sales for Chemical & Petrochemical, Oil & Gas, Water & Wastewater, Power Generation, Food & Beverage, and Other End-Uses
- Key Growth Drivers and Deterrents
- Regional Analysis
- World Solenoid Valves Market (2023 & 2030): Percentage Breakdown of Sales for Developed and Developing Regions
- World Solenoid Valves Market - Geographic Regions Ranked by CAGR (Sales) for 2022-2030: China, Asia-Pacific, Latin America, Middle East, Africa, USA, Canada, Europe, and Japan
- An Introduction to Solenoid Valves
- Recent Market Activity
MARKET TRENDS & DRIVERS
- Healthy Outlook for the World Chemical Industry Extends a Fillip to Solenoid Valves Demand
- Projected Stability in Capital Spending in the Chemical Industry Provides Opportunities for New and Replacement Demand for Solenoid Valves
- Increase in Plastic Production Volumes Drives Need for Sophisticated Solenoid Valves
- Medley of Factors Dole Out Challenges & Opportunities in Equal Measure for Solenoid Valves in the Global Oil Refining Market
- Cornering a Large Percentage of New Refining Capacity Additions, Developing Regions & the USA Emerge as Lucrative Pockets of Growth for Solenoid Valves in the Oil Refining Sector
- Solenoid Valves for Oil & Gas Industry Driving Market Demand
- Solenoid Valves for Low Temperature Applications in Arctic Region
- Oil Markets face Uncertainty after Recovering from the Historic Shock due to the COVID-19 Pandemic
- Oil and Gas is Facing the Challenge of Transformation
- Rising Global Energy Needs Drives Stable Growth of Solenoid Valves in the Power Generation Sector
- Robust Outlook for Clean Coal Power to Drive Demand for Solenoid Valves
- Growing Importance of Automation & Technology Drive Solenoid Valves Usage in Food & Beverage Industry
- Healthy Market for Processed Food to Benefit Demand for Solenoid Valves in the Food Processing Sector
- Demand for Solenoid Valves Benefit from the Growing Demand for Packaged Food
- Dairy Products: Churning Out New Opportunities for Solenoid Valves
- Strong Demand for Beverages Spurs Growth
- Recovery in Construction Sector to Boost Growth
- Northbound Trajectory in the Construction Sector to Favor Market Growth
- Manufacturing Sector: A Prominent Consumer
- Solenoid Valves Gaining Ground in Automation and IoT Industry Applications
- Solenoid Valves for Medical Device Applications
- Use of Solenoid Valves in Automotive Industry
- Customized Solenoid Valves for Satellite Propulsion Systems
FOCUS ON SELECT PLAYERS(Total 167 Featured)
- Aira Euro Automation Pvt Ltd.
- AirTAC International Group
- Anshan Solenoid Valve Co. Ltd.
- CEME SpA
- Christian Burkert GmbH & Co. KG
- Cla-Val
- Cole-Parmer Instrument Company, LLC.
- Danfoss A/S
- Emerson Electric Co.
- GF Piping Systems
- GSR ventilechnik GmbH & Co. Kg
- Hansen Technology Corporation
- Kaneko Sangyo Co. Ltd.
- Kendrion N.V.
- Ode srl
- Omega Engineering, Inc.
- Parker Hannifin Corp.
- Peter Paul Electronics Co., Inc.
- Rotex Controls, Inc.
- SMC Corporation
- Takasago Electric Co., Ltd.
- The Lee Company
For more information about this report visit https://www.researchandmarkets.com/r/3blloc
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