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Solenoid Valve Market worth 4.41 Billion USD by 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. The major factors driving the growth of this market include the growing investments in various industries across developing economies such as China and India and greater preference for increasing process automation worldwide thereby decreasing production costs.

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Solenoid Valve Market worth 4.41 Billion USD by 2022

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  1. MarketsandMarkets SolenoidValve Marketworth4.41 BillionUSDby2022 June2016

  2. 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.

  3. 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.

  4. 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

  5. AboutMarketsandMarkets MarketsandMarketsistheworld’sNo.2firmintermsofannuallypublishedpremiummarket researchreports.Serving1700globalfortuneenterpriseswithmorethan1200premiumstudiesinayear,M&Miscateringtoamultitudeofclientsacross8differentindustrial verticals.Wespecializeinconsultingassignmentsandbusinessresearchacrosshighgrowth markets,cuttingedgetechnologiesandnewerapplications.Our850fulltimeanalystand SMEsatMarketsandMarketsaretrackingglobalhighgrowthmarketsfollowingthe"Growth EngagementModel–GEM". WeatMarketsandMarketsareinspiredtohelpourclientsgrowbyprovidingaptbusiness insightwithourhugemarketintelligencerepository. Contact: Mr.Rohan MarketsandMarkets 701PikeStreet Suite2175,Seattle, WA98101,UnitedStates USA:1-888-600-6441 UK:44-800-368-9399

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