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The report "Solenoid valve Market by Body Material (Stainless Steel, Brass, Aluminum, and Plastic), Valve Design (2-way, 3-way, 4-way, and 5-way), Industry, and Geography - Global Forecast to 2022", The solenoid valve market is expected to reach USD 4.41 Billion by 2022, at a CAGR of 3.54% between 2016 and 2022. This market registered a shipment of 12.94 Million units in 2015 and is expected to reach 20.29 Million units by 2022, at a CAGR of 6.35% between 2016 and 2022.
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MarketsandMarkets SolenoidValve Marketworth4.41 BillionUSDby2022 June2016
SolenoidValveMarketworth4.41BillionUSDby2022 Thereport"SolenoidvalveMarketbyBodyMaterial(StainlessSteel,Brass,Aluminum, andPlastic),ValveDesign(2-way,3-way,4-way,and5-way),Industry,andGeography-GlobalForecastto2022",ThesolenoidvalvemarketisexpectedtoreachUSD4.41Billion by2022,ataCAGRof3.54%between2016and2022.Thismarketregisteredashipmentof 12.94Millionunitsin2015andisexpectedtoreach20.29Millionunitsby2022,ataCAGRof 6.35%between2016and2022.ThemajorfactorsdrivingthegrowthofthismarketincludethegrowinginvestmentsinvariousindustriesacrossdevelopingeconomiessuchasChina andIndiaandgreaterpreferenceforincreasingprocessautomationworldwidethereby decreasingproductioncosts. Browse74marketdatatableswith96figuresspreadthrough170pagesandin-depth TOCon"SolenoidvalveMarket-GlobalForecastto2022" DownloadPDFBrochure@ http://www.marketsandmarkets.com/pdfdownload.asp?id=26318408 Earlybuyerswillreceive10%customizationonreports. Thechemical&petrochemicalindustryinthesolenoidvalvemarketheldthelargest sharein2015 Thesolenoidvalvemarketonthebasisofindustryverticalhasbeensegmentedintooil&gas, chemical&petrochemical,water&wastewater,food&beverages,pharmaceuticals,powergeneration,automobile,medical,andothers. Amongthevariousindustriesconsideredforthestudy,thechemical&petrochemical industryheldthelargestsharein2015.Thismarketisexpectedtogrowatasignificantratebetween2016and2022,drivenbythegrowinginstallationsofsolenoidvalvesindifferent phasesofoil&gasextractionprocesses.Thecontinuousretrofitworksinthisindustrywouldsignificantlycontributetothismarket. Themarketfor3-waysolenoidvalvesisexpectedtogrowrapidlyduringtheforecast period Thesolenoidvalvemarketbasedonvalvedesigntypehasbeensegmentedinto2-way,3- way,and4-waysolenoidvalves.Amongthesevalves,the3-waysolenoidvalvesareexpectedtowitnessthehighestgrowthduringtheforecastperiod.Themajorreasonsforthegrowthofthismarketincludegrowingusageofthesevalvesinwater&wastewatertreatmentplants.
TheglobalsolenoidvalvemarketwasvaluedatUSD3.44Billionin2015andisexpectedTheglobalsolenoidvalvemarketwasvaluedatUSD3.44Billionin2015andisexpected reachUSD4.41Billionby2022,ataCAGRof3.54%duringtheforecastperiod.Themarketisexpectedtoregisterashipmentof20.29Millionunitsby2022from12.94Millionunitsin 2015.Thebaseyearconsideredforthestudyis2015andthemarketsizehasbeenforecastbetween2016and2022. Themainobjectivesofthereportinclude: Todefine,describe,andforecasttheglobalsolenoidvalvemarketsegmentedonthe basisofbodymaterial,valvedesigntype Toforecastthesizeofthemarketsegmentswithrespecttofourmaingeographies Toprovidethemarketstatisticswithdetailedclassificationsandsplitintermsofvalueandvolume Toprovidedetailedinformationregardingthekeyfactorsinfluencingthegrowthof themarket Tostrategicallyprofilethekeyplayersoperatinginthismarketandcomprehensivelyanalyzetheirmarketrankingsandcorecompetencies GetMoreInformation@ http://www.marketsandmarkets.com/Market-Reports/solenoid-valve-market-26318408.html Theresearchmethodologyusedtoestimateandforecastthesolenoidvalvemarketbegins withgatheringdataonkeyvendorrevenuesthroughsecondaryresearch.Thetop-downandbottom-upapproacheshavebeenusedtoestimateandvalidatethesizeoftheglobalmarket. Theresearchmethodologyalsoincludesthestudyofannualandfinancialreportsofthetop marketplayersaswellasinterviewsofindustryexperts(suchasCEOs,VPs,directors,andmarketingexecutives)forkeyinsights(both,quantitativeandqualitative)onthemarket.All percentageshares,splits,andbreakdownshavebeendeterminedbyusingsecondarysourcesandverifiedthroughprimarysources. Thedatatriangulationandmarketbreakdownprocedureshavebeenemployedtocomplete theoverallmarketengineeringprocessandarriveattheexactstatisticsforallsegmentsandsubsegments. Also,theretrofitworksinvariousphasesofoil&gasextractionprocessfurthercontributeto thisgrowingmarket. ThesolenoidvalveecosystemcomprisesvalvemanufacturerssuchasASCOValve,Inc. (U.S.),ChristianBürkertGmbH&Co.KG(Germany),Curtiss-WrightCorporation(U.S.),DanfossA/S(Denmark),GSRVentiltechnikGmbH&Co.KG(Germany)amongothers;componentmanufacturerssuchasCEMES.p.A.(Italy),CKDCorporation(Japan),ODES.r.l.(Italy),KANEKOSANGYOCo.,Ltd.(Japan),andTakasagoElectricIndustryCo.,Ltd.(Japan)amongothers ThedistributorsincludeMACValves(U.S.),AppliedIndustrialTechnologies(U.S.),Nison ConsultantsPvt.Ltd.(India),andYashimaExport&ImportCompany(Japan)amongothers.
GraphicalAnalysis: ThesolenoidvalvemarketintheAmericasregionheldthehighestmarketsize,intermsof valuein2015,whilethemarketinAPACisexpectedtoexhibitthefastest-growthratebetween2016and2022. Thefactorscontributingtothisgrowthincludegrowingimportanceforprovidingsafeand cleandrinkingwaterworldwide,whichisleadingtotheincreasinginvestmentsinwatertreatmentplantstherebycreatingademandforutilizationofsolenoidvalves. Theoil&gas,chemical&petrochemical,water&wastewater,food&beverages,power generation,pharmaceuticals,automotive,andmedicalaresomeofthekeyindustryverticalswheresolenoidvalvesareutilized. Thechemical&petrochemicalindustryheldthelargestmarketsharein2015,followedby oil&gas,water&wastewater,powergeneration,food&beverages,andautomotiveindustries.Themajorreasonsforthisgrowthincludethehighestdeploymentofsolenoidvalvesinthisindustry. ThesolenoidvalvemarketinNorthAmericaisexpectedtoholdthelargestshareof theglobalsolenoidvalvemarketby2022 ThesolenoidvalvemarketinNorthAmericaheldthelargestshareduringtheforecast period,followedbythemarketsinEuropeandAPAC.ThemarketinNorthAmericaisexpectedtogrowatthehighestratebetween2016and2022. Thisgrowthismajorlyattributedtotheincreasingusageofsolenoidvalvesinvarious processindustrieswheretheseindustriesarecurrentlyupgradingtheirexistingfacilitieswiththedeploymentofautomationtechnologies. Theseautomationtechnologieshelpinprovidinggreaterperformance,lessmanpower,and highefficiencies,therebydecreasingtheoverallproductioncosts. ThemajorplayersinthesolenoidvalvemarketareASCOValve,Inc.(U.S.),ChristianBürkert GmbH&Co.KG(Germany),Curtiss-WrightCorporation(U.S.),DanfossA/S(Denmark),GSRVentiltechnikGmbH&Co.KG(Germany),IMIplc(U.K.),ParkerHannifinCorporation(U.S.), RotexControlsB.V.(TheNetherlands),SMCCorporation(Japan),andTheLeeCompany(U.S.) amongothers. AvailableCustomizations: Withthegivenmarketdata,MarketsandMarketsofferscustomizationsasperthecompany’s specificneeds.Thefollowingcustomizationoptionsareavailableforthereport: RequestForCustomization: http://www.marketsandmarkets.com/requestCustomization.asp?id=26318408
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