MarketResearchNest.com
adds “Global Solenoid Valves Market
Growth 2019-2024”new report to its research database.
A solenoid valve is an electromechanically operated valve.
Solenoid valve is used to control the fluid and gas automatic based components,
belonging to the actuator; the valve is controlled by an electric current
through a solenoid: in the case of a two-port valve the flow is switched on or
off; in the case of a three-port valve, the outflow is switched between the two
outlet ports. Multiple solenoid valves can be placed together on a manifold.
In the coming years there is an increasing demand for
Solenoid Valve in the regions of United States and Europe that is expected to
drive the market for more advanced Solenoid Valve. Growth in government budgets
in the principal countries, increasing of general industry fields expenditures,
more-intense competition, launches in introducing new products, retrofitting
and renovation of old technology, increasing adoption of Solenoid Valve will
drive growth in United States and Europe markets.
Globally, the Solenoid Valve industry market is low
concentrated as the manufacturing technology of Solenoid Valve is relatively
matures than some high-tech equipment. And some enterprises, like ASCO,
Kendrion, Danfoss, etc. are well-known for the wonderful performance of their
Solenoid Valve and related services. At the same time, Asia-Pacific, occupied
46.17% sales market share in 2016, is remarkable in the global Solenoid Valve
industry because of their lowest cost of raw material and labor.
The consumption volume of Solenoid Valve is related to
downstream industries and global economy. As there will always be some
uncertain in the global economy in the following years, the growth rate of
Solenoid Valve industry may not keep that fast. But it is surely forecasted
that the market of Solenoid Valve is still promising.
The product average price declined in the past few years due
to the technology development, the average price will keep the trend in the few
future years due to increasing mature manufacturing technology and lowing cost
of raw materials.
The impact on the cost and availability of raw materials and
certain components is uncertain due to potential supply changes. The costs of
raw materials have a significant impact on the level of expenses. If the prices
of raw materials and related factors such as energy prices increase, and if new
companies cannot pass those price increases on to customers, their results of
operations and financial condition would suffer.
With emerging economies growing faster, a strategy has been
adopted by most leading vendors in the Solenoid Valve market to approach these
areas. LPI analysis of the Solenoid Valve market indicated that Asia-Pacific
would account for the highest sales in 2022 with close to 47 percent of global
sales coming from this region, and Asia has the highest growth rate. Vendors
recognize the importance of this region, particularly in China, and are working
towards penetrating this market by strengthening their sales and distribution
networks.
Although the market competition of Solenoid Valve is fierce
globally, there are many enterprises can obtain considerable profit form the
manufacturing and marketing of Solenoid Valve and that is the reason that we
believe there will also be enterprises enter this market. But it is suggested
that enterprises those have plans to enter this industry have careful analysis
of this market and the advantages or disadvantages of themselves.
According to this study, over the next five years the
Solenoid Valves market will register a 4.8% CAGR in terms of revenue, the
global market size will reach US$ 1140 million by 2024, from US$ 860 million in
2019. In particular, this report presents the global market share (sales and
revenue) of key companies in Solenoid Valves business, shared in Chapter 3.
This report presents a comprehensive overview, market
shares, and growth opportunities of Solenoid Valves market by product type,
application, key manufacturers and key regions and countries.
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This study considers
the Solenoid Valves value and volume generated from the sales of the following
segments:
Segmentation by
product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to
2024 in section 11.7.
·
Two-way
SV
·
Three-way
SV
·
Four-way
SV
·
Others
Segmentation by
application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to
2024 in section 11.8.
·
Home
appliance
·
Automobile
·
General
industry
·
Machinery
industry
·
Others
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contents and data tables @
This report also
splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas, United States, Canada, Mexico, Brazil, APAC,China,
Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK,
Italy, Russia, Spain, Middle East and Africa, Egypt, South Africa,Israel,
Turkey, GCC Countries
The report also
presents the market competition landscape and a corresponding detailed analysis
of the major vendor/manufacturers in the market. The key manufacturers covered
in this report: Breakdown data in in Chapter 3.
·
ASCO
·
Kendrion
·
Danfoss
·
Parker
·
Bürkert
·
SMC
·
Norgren
·
CKD
·
CEME
·
Sirai
·
Saginomiya
·
ODE
·
Takasago Electric
·
YPC
·
PRO UNI-D
·
Airtac
·
Zhejiang Sanhua
·
Anshan Electromagnetic Value
·
Zhejiang Yongjiu
·
Juliang Valve
·
YONG CHUANG
·
Dongjiang Valves
·
Shanghai Kangyuan
·
Ningbo KeXing
·
Sanlixin
·
Shanghai Taiming
·
Yuyao No.4 Instrument Factory
·
Chongqing Dunming
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In addition, this report discusses the key drivers
influencing market growth, opportunities, the challenges and the risks faced by
key players and the market as a whole. It also analyzes key emerging trends and
their impact on present and future development.
Research objectives
·
To study and analyze the global Solenoid Valves
consumption (value and volume) by key regions/countries, product type and
application, history data from 2014 to 2018, and forecast to 2024.
·
To understand the structure of Solenoid Valves
market by identifying its various subsegments.
·
Focuses on the key global Solenoid Valves
manufacturers, to define, describe and analyze the sales volume, value, market
share, market competition landscape, SWOT analysis and development plans in
next few years.
·
To analyze the Solenoid Valves with respect to
individual growth trends, future prospects, and their contribution to the total
market.
·
To share detailed information about the key
factors influencing the growth of the market (growth potential, opportunities,
drivers, industry-specific challenges and risks).
·
To project the consumption of Solenoid Valves
submarkets, with respect to key regions (along with their respective key
countries).
·
To analyze competitive developments such as
expansions, agreements, new product launches, and acquisitions in the market.
·
To strategically profile the key players and
comprehensively analyze their growth strategies.
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