Global Solenoid Valve Market Overview:
Solenoid valves are the mechanical devices which help in speeding up the processes. It is an electromechanical device in which the solenoid uses an electric current to generate a magnetic field. Owing to the rapid adoption of digital technology and the increasing awareness regarding safe drinking water and the growing popularity of automation is driving the Global solenoid valve market.
- Increasing Application of Solenoid Valve in Various Industrial Sector and Food and Beverage Industry
- Reducing Power Consumption
- Growing Adoption of Solenoid Valve in Chemical & water and Waste Management Industry
- Introduction of 3D Simulation Software for Solenoid Valve
- Technical Issues related to Solenoid Valves may hamper the Market Growth
- Increasing Demand of Solenoid Valve in Waste water Management
- Growing Automation Technology, Healthcare and Manufacturing Industry
- Fluctuation in Raw Material Prices of Solenoid Valve
The Global Solenoid Valve is fragmented with several market players. These players are offering a variety of customized products. Owing to the intense competition, most of the players are forced to reduce the product price which will affect their profit margins. The increase in production costs is also compelling players to get into long-term contracts with suppliers, which will help them overcome fluctuations in the price of raw materials.
Some of the key players profiled in the report are Curtiss-Wright Corporation (United States), Asco Valve, Inc. (United States), Parker Hannifin Corporation (United States), IMI PLC (England), GF Piping Systems (Switzerland), SMC Corporation (Japan), Danfoss A/S (Denmark), OMEGA Engineering (United States), Christian Bürkert GmbH & Co. Kg (Germany), GSR Ventiltechnik GmbH & Co. KG (Germany), Rotex Controls B.V (Netherlands) and Burkert (United States). Additionally, following companies can also be profiled that are part of our coverage like The Lee Company (United States), Cole-Parmer Instrument Company LLC (United States), Aira Euro Automation Pvt. Ltd (India), Cla-Val (United States) and Hansen Technologies (United States). Analyst at AdvanceMarketAnalytics see United States Manufacturers to retain maximum share of Global Solenoid Valve market by 2024. Considering Market by Valve Design , the sub-segment i.e. 2 way will boost the Solenoid Valve market. Considering Market by Component, the sub-segment i.e. Brass will boost the Solenoid Valve market.
In March 2018, Bürkert has developed an extensive portfolio of media separated solenoid valves, which have been specially designed to perform at their best in challenging applications involving the control of aggressive media. Among market leading range of media separated valves are the Type 2610, Type 0131 and Type 5282.
In November 2017, The Danfoss releases a range of EVR v2 solenoid valves which has undergone a wide series of improvements throughout 2017. Reinforcements and rationalization make them capable of accommodating the higher pressures of refrigerants and a broader range of applications while reducing the references, inventory, and servicing time.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Solenoid Valve market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Solenoid Valve market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Solenoid Valve Manufacturers, Technology Investors, Research/Consultancy Firms, Cloud Service Providers, Security Service Providers, Managed Service Providers, Cloud Storage Providers and Infrastructure Providers.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.