World News – CA – Global Solenoid Valves Market: Industry Analysis & Forecast (2019-2026) – By Body Material, Valve Design Type, Industry & Region – Vista Exchange

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The global solenoid valve market was valued at US $ 41 billion in 2018 and is expected to reach US $ 59 billion by 2026, with a CAGR of 465% during a forecast period

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 valve market on a global scale Continued modernization works in the aforementioned industries would significantly boost the In addition, the growing need for automation in the energy sector is expected to drive the market over the forecast period. Solenoid valves are important components of the power generation industry, and therefore the growing investment in expanding power generation capacity will also be a driving force behind the market

The report study analyzed the revenue impact of the covid-19 pandemic on the sales revenue of market leaders, market followers and disruptors in the report and this is reflected in our analysis

The main challenges of the global solenoid valve market are, various economic, environmental, political and social factors are causing the price of solenoid valves to evolve Also, the fall in & oil gas prices and the rise in thermal power plant dismantling strongly affect the solenoid valve market

Based on the body material, the stainless steel segment established a significant market share in 2017, followed by brass due to the higher demand for stainless steel for the manufacture of solenoid valves. brass body holds the largest rising market with around 3TCAC by 2% per the forecast period

Regionally, Asia-Pacific will dominate the global solenoid valve market during the forecast period It is expected to generate USD3.2 billion by 2026 with a CAGR of 58% Adoption of solenoid valves in applications manufacturers will increase the growth of the Asia-Pacific market during the forecast period China holds the largest share of the solenoid valve market Growing countries like India and South Korea also present better opportunities for the manufacturers of solenoid valves In China, growing investment in power generation sector, which depends on renewable energy sources, is the second largest sector for solenoid valves The solenoid valve is an important component in these industries and facilitates control liquids and gases

Recent development in the global solenoid valve market, Pentair Plc, a water treatment company that designs and manufactures valves and actuators, has merged with Emerson Electric Company, a leading key player in the industry which provides products for industrial automation, process management, network power and commercial solutions in 2017

In China, Rotork installed ELB units in on-line gas actuators for line outage monitoring.The task of ELB units is to allow the operator to monitor the operating condition of the pipeline and the valve status ELB units are equipped with a set of programmable alarm and warning indicators, which can help the operator to close the appropriate valves

The objective of the report is to present a comprehensive assessment of the market and contains information, facts, historical data, industry validated market data, and projections with an appropriate set of assumptions and methodology The report also helps in understanding global Solenoid Valve market dynamics, structure by identifying and analyzing market segments and projecting the global market size

In addition, the report also focuses on the competitive analysis of major players by product, price, financial position, product portfolio, growth strategies and regional presence The report also provides PEST analysis, PORTER analysis and SWOT analysis to address the issue of shareholders to prioritize efforts and investments in the near future for the emerging segment of the global solenoid valve market

• Oil & Gas
• Chemicals & Petrochemicals
• & water Wastewater
• Food & Drinks
• Energy production
• Pharmaceutical products
• Automotive
• Medical
• Others
Global Solenoid Valve Market, By Region:

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Key players operating in the global solenoid valve market

• Asco Valve, Inc
• Christian Bürkert GmbH & Co Kg
• Curtiss-Wright Corporation
• Danfoss A / S
• GSR Ventiltechnik GmbH & Co Kg
• IMI API
• Parker Hannifin Corporation
• Rotex BV controls
• 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
• Cème
• Infoblox Inc

Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies

Solenoid Valve, Valve Industry

World News – CA – Global Solenoid Valve Market Industry Analysis and Forecast (2019-2026) – by Body Material, Body Type valve design, industry and region – Bourse Vista


SOURCE: https://www.w24news.com

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