Global Solenoid Valves Market Report 2022: Growing Adoption of Solenoid Valves in Food and Beverage Industry Driving Growth – ResearchAndMarkets.com


DUBLIN–(BUSINESS WIRE)–The report “Global Solenoid Valves Market, By Type, By Function, By Material, By Operation, By Media, By Industry Estimate and Forecast, 2017 – 2030” has been added to from ResearchAndMarkets.com offer.

The global solenoid valve market held a market value of USD 4,222.7 million in 2021 and is projected to grow at a CAGR of 5.6% in value from 2022 to 2030. Around 113,816.3 thousand units of solenoid valve were sold in 2021.

The increasing focus on automation of industries in developed as well as emerging countries including China, India and Japan is increasing the adoption of a number of advanced technologies such as solenoid valve during the study period. Besides, strict initiatives to reduce wastage of raw materials while flowing in pipelines, majority of industries have adopted solenoid valve for the purpose of controlling the flow of raw material including liquid and gas, and automatically stop the flow when a leak is detected.

Growth Influencers:

Growing adoption of solenoid valves in the food industry

The increasing application of solenoid valves in sterilization, pasteurization systems, food processing, food freezing and others is constantly fueling the demand for these valves in the market. This, along with the preference for automatic liquid and gas flow control to avoid contamination in the food industry, is another key reason for the high adoption of these valves in this industry. This subsequently drives the growth of the market over the study period.

Apart from this, recent advancements in technology have evolved the renewable energy power source for the generation of electricity from the solenoid valve. Major manufacturers are taking initiatives to manufacture solenoid valves in certain ways to withstand harsh environments and provide reliable operation through a renewable energy source. This advancement has been instrumental in the higher adoption rate of these valves in the industries and has supported the growth of the market.

Growth constraints:

Although, some technical drawbacks are hampering the market growth of these valves. Some of them are the sensitivity to voltage fluctuations during operation, the effect of flow on the valve fluid. Also, the solenoid coil may need to change over the life of the valve. These drawbacks along with the moderate to high price of 4 and 5 way solenoid valves are restraining the growth of the market over the study period.

Presentation of the segments:

By type

  • Direct acting valves

  • Pilot valves

By function

By material

  • Stainless steel

  • Aluminum

  • Plastic

  • Others

By operation

  • normally open

  • normally closed

  • Universal

By media

By industry

  • petroleum gas

  • Chemicals & Petrochemicals

  • restoration

  • energy production

  • Medications

  • Automotive

  • Medical

  • Others

The global frozen food market report answers questions such as:

  • What is the market size and forecast of the global Solenoid Valves market?

  • What are the inhibiting factors and impact of COVID-19 on the Global Solenoid Valves Market during the assessment period?

  • What are the products/segments/applications/areas to invest in during the assessment period in the Global Solenoid Valves Market?

  • What is the competitive strategic window for opportunities in the Global Solenoid Valves Market?

  • What are the technology trends and regulatory frameworks in the global solenoid valve market?

  • What is the market share of the top players in the global Solenoid Valves market?

  • What modes and strategic moves are considered favorable for entering the global Solenoid Valves market?

Main topics covered:

Chapter 1. Research frameworks

Chapter 2. Executive Summary: Global Solenoid Valves Market

Chapter 3. Global Solenoid Valves Market Overview

Chapter 4. Global Solenoid Valves Market Analysis, By Type

Chapter 5. Global Solenoid Valves Market Analysis, By Function

Chapter 6. Global Solenoid Valves Market Analysis, By Material

Chapter 7. Global Solenoid Valves Market Analysis, By Operation

Chapter 8. Global Solenoid Valves Market Analysis, By Media

Chapter 9. Global Solenoid Valves Market Analysis, By Industry

Chapter 10. Global Solenoid Valves Market Analysis, By Region/Country

Chapter 11. North America Solenoid Valves Market Analysis

Chapter 12. Europe Solenoid Valves Market Analysis

Chapter 13. Asia Pacific Solenoid Valves Market Analysis

Chapter 14. Middle East & Africa Solenoid Valves Market Analysis

Chapter 15. South America Solenoid Valves Market Analysis

Chapter 16. Business Profiles

Companies cited

  • Airtac

  • ASCO Valve Inc.

  • Danfoss Industries Limited

  • Curtiss-Wright Company

  • IMI precision engineering

  • Emerson Electric Co.

  • Valve Juliang,

  • Parker Hannifin Corporation

  • Zhejiang Yongjiu

For more information about this report visit https://www.researchandmarkets.com/r/vk02fo

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