Scope of the Study
Solenoid valve is an electrically activated valve which controls the flow of direction of air or liquid in fluid power system. It converts electrical energy into the mechanical energy by using a magnetic reaction. This magnetic reaction occurs when the electric current is passed through the wire in solenoid. It is used in pneumatic and hydraulic fluid systems and also in spool configurations. Further, the miniature solenoid valves are used in medical equipment, analytical instrumentation and industrial applications. These wide range of applications are propelling the market growth.
The market study is being classified by Type (Universal style solenoid valves, Digital solenoid valves, Low energy digital solenoid valves and Classic style solenoid valves) and major geographies with country level break-up.
Gevasol BV (Netherlands), International Polymer Solutions (United States), METAL WORK (United States), Parker Precision fluidics Division (United States), Univer Group (Mexico), VESTA (United States), AIGNEP (United States), Airtac Automatic Industrial (United States), ASCO Numatics Sirai Srl (United States) and Clippard (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are FIM Valvole (Italy) and GEMS SENSORS & CONTROLS (United States).
The global Miniature Solenoid Valves market is witnessing rise in competitiveness among the players. In terms of market share, the major players are currently dominating. However, some of the companies are increasing the market presence by securing new contracts and tapping new markets. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Miniature Solenoid Valve market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Miniature Solenoid Valve market by Type, Application and Region.
On the basis of geography, the market of Miniature Solenoid Valve has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Demand for Cost Effective Miniature Valves with Lower Leak Rates
- Shifting towards the renewable sources of Power Generation
- Technological Advancements in the Miniaturization of Components
- Technical Failures of Miniature Valves Due to the Presence of Dirt or Inaccurate Flow
- Increasing Investments in Research and Developments by Major Players
- Increasing Adoption of Solenoid Valves in a Wide Range of Process Industries
- Presence of Major Players is leading to Increasing Competition
On November 2019, Donfoss has launched six new products which include ICSH 2 Step Solenoid Valve. This launch of products will drive the wave of change in the industry.
Key Target AudienceManufacturers, Raw material suppliers, Government associations, Research organizations and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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