Solenoid valve Market - 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. The market also registered a shipment of 12.94 million units in 2015 and is expected to reach 20.29 million units by 2022. The major factors contributing to the growth of this market include the increasing need for greater process automation in wider range of industries and growing importance for providing clean and safe drinking water worldwide.

“The market for aluminum solenoid valves is expected to grow at the highest rate during the forecast period”

The market for aluminum solenoid valves is expected to grow at the highest rate between 2016 and 2022 in the global solenoid valve market. The major factors contributing to the growth of this market include growing adoption of these aluminium solenoid valves in a variety of industries such as chemical & petrochemical, oil & gas, water & wastewater, food & beverages, and power generation among others as they are lighter in weight, which helps in reducing the overall weight of the body, thereby increasing the production process.

“APAC to be the fastest-growing market during the forecast period in the solenoid valve market”

The global solenoid valve market in the Americas held the largest share in 2015; however, the market in APAC is expected to exhibit the highest growth rate during the forecast period. The major factors contributing to the growth of this market include the increasing investments across various process industries, especially in the developing economies such as China and India. The solenoid valves in these industries are utilized to control the flow of wider range of fluids and gases.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key people in the market. The break-up of profiles of primary participants is given below:

‧ By Company Type: Tier 1%–25%, Tier 2%–35%, and Tier 3%–40%
‧ By Designation: C-Level Executives– 35%, Directors– 25%, Others – 40%
‧ By Region: North America – 43%, Europe – 29%, APAC – 14%, RoW – 14%


The prominent players profiled in this report are:
1. ASCO Valve, Inc. (U.S.)
2. Christian Burkert GmbH & Co. KG (Germany)
3. Curtiss-Wright Corporation (U.S.)
4. Danfoss A/S (Denmark)
5. GSR Ventiltechnik GmbH & Co. KG (Germany)
6. IMI plc (U.K.)
7. Parker Hannifin Corporation (U.S.)
8. Rotex Controls B.V. (The Netherlands)
9. SMC Corporation (Japan)
10. The Lee Company (U.S.)

The report would help the market leaders/new entrants in this market in the following ways:

1. This report segments the solenoid valves market comprehensively and provides the closest approximations of the revenues for the overall market and the subsegments across different verticals and regions.
2. The report would help stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report would help stakeholders to understand their competitors better and gain more insights to enhance their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers & acquisitions.

TABLE OF CONTENTS

1 INTRODUCTION 16
1.1 STUDY OBJECTIVES 16
1.2 MARKET DEFINITION 16
1.3 STUDY SCOPE 17
1.3.1 MARKETS COVERED 17
1.3.2 GEOGRAPHIC SCOPE 18
1.3.3 YEARS CONSIDERED FOR THE STUDY 18
1.4 CURRENCY 19
1.5 LIMITATIONS 19
1.6 STAKEHOLDERS 19
2 RESEARCH METHODOLOGY 20
2.1 RESEARCH DATA 20
2.1.1 SECONDARY DATA 21
2.1.1.1 Key data from secondary sources 21
2.1.2 PRIMARY DATA 22
2.1.2.1 Key data from primary sources 22
2.1.2.2 Key industry insights 23
2.1.2.3 Breakdown of primaries 23
2.2 FACTOR ANALYSIS 24
2.2.1 INTRODUCTION 24
2.2.2 DEMAND-SIDE ANALYSIS 24
2.2.2.1 Increasing adoption of solenoid valves in the pharmaceutical industry would drive the demand for this market 24
2.3 MARKET SIZE ESTIMATION 25
2.3.1 BOTTOM-UP APPROACH 25
2.3.2 TOP-DOWN APPROACH 26
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 27
2.5 RESEARCH ASSUMPTIONS 28
3 EXECUTIVE SUMMARY 29
4 PREMIUM INSIGHTS 35
4.1 ATTRACTIVE OPPORTUNITIES FOR THE SOLENOID VALVES MARKET 35
4.2 SOLENOID VALVE MARKET, BY INDUSTRY 36
4.3 SOLENOID VALVE MARKET IN APAC 36
4.4 LIFE CYCLE ANALYSIS, BY GEOGRAPHY 37
5 MARKET OVERVIEW 38
5.1 INTRODUCTION 39
5.2 MARKET SEGMENTATION 39
5.2.1 MARKET, BY BODY MATERIAL 39
5.2.2 OPERATING PROCEDURES OF SOLENOID VALVES 39
5.2.3 MARKET, BY VALVE DESIGN 39
5.2.4 MARKET, BY INDUSTRY 40
5.2.5 MARKET, BY GEOGRAPHY 41
5.3 MARKET DYNAMICS 42
5.3.1 DRIVERS 43
5.3.1.1 Increasing adoption of solenoid valves in the food & beverages industry 43
5.3.1.2 Shift to renewable sources for power generation 43
5.3.2 RESTRAINTS 45
5.3.2.1 Technical problems associated with solenoid valves may affect the market 45
5.3.3 OPPORTUNITIES 46
5.3.3.1 Increasing demand for wastewater treatment industries 46
5.3.3.2 Growing adoption of solenoid valves in a wide range of process industries 46
5.3.4 CHALLENGES 47
5.3.4.1 Reliability of Solenoid valve 47
6 INDUSTRY TRENDS 48
6.1 INTRODUCTION 48
6.2 VALUE CHAIN ANALYSIS 48
6.3 PORTER’S FIVE FORCES ANALYSIS 49
6.3.1 INTENSITY OF COMPETITIVE RIVALRY 51
6.3.2 THREAT OF SUBSTITUTES 52
6.3.3 BARGAINING POWER OF BUYERS 53
6.3.4 BARGAINING POWER OF SUPPLIERS 54
6.3.5 THREAT OF NEW ENTRANTS 55
6.4 STRATEGIC BENCHMARKING 55
6.4.1 TECHNOLOGY INTEGRATION AND PRODUCT ENHANCEMENT 56
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7 OPERATING PROCEDURES OF SOLENOID VALVES 57
7.1 INTRODUCTION 58
7.2 DIRECT OPERATED 59
7.3 INDIRECT (PILOT) OPERATED 59
7.4 SEMI-DIRECT OPERATED 59
8 MARKET, BY BODY MATERIAL 60
8.1 INTRODUCTION 61
8.2 STAINLESS STEEL BODY MATERIAL 63
8.3 BRASS BODY MATERIAL 64
8.4 ALUMINUM BODY MATERIAL 66
8.5 PLASTIC BODY MATERIAL 67
9 MARKET, BY VALVE DESIGN 69
9.1 INTRODUCTION 70
9.2 2-WAY SOLENOID VALVES 71
9.3 3-WAY SOLENOID VALVES 73
9.4 4-WAY SOLENOID VALVES 74
9.5 5-WAY SOLENOID VALVES 76
10 MARKET, BY INDUSTRY 77
10.1 INTRODUCTION 78
10.2 OIL & GAS 81
10.3 CHEMICAL & PETROCHEMICAL 83
10.4 WATER & WASTEWATER 86
10.5 FOOD & BEVERAGES 88
10.6 POWER GENERATION 91
10.7 PHARMACEUTICAL 93
10.8 AUTOMOTIVE 96
10.9 MEDICAL 98
10.10 OTHERS 101
11 MARKET, BY GEOGRAPHY 104
11.1 INTRODUCTION 105
11.2 AMERICAS 107
11.2.1 NORTH AMERICA 109
11.2.1.1 U.S. 110
11.2.1.1.1 Upgrading of existing facilities would drive the market in the U.S. 110
11.2.1.2 Canada 110
11.2.1.2.1 Growing medical and healthcare industry 110
11.2.1.3 Mexico 110
11.2.1.3.1 Growing manufacturing industry would further drive the utilization of solenoid valves 110
11.2.2 SOUTH AMERICA 111
11.3 EUROPE 114
11.3.1 GERMANY 116
11.3.1.1 Advanced manufacturing capabilities 116
11.3.2 FRANCE 116
11.3.2.1 Second-largest solenoid valve market in Europe 116
11.3.3 ITALY 117
11.3.3.1 Third-largest solenoid valve market in Europe 117
11.3.4 U.K. 117
11.3.4.1 Growing automation technologies would drive the solenoid valves market 117
11.3.5 REST OF EUROPE 117
11.3.5.1 Growing economic conditions 117
11.4 ASIA-PACIFIC 122
11.4.1 JAPAN 123
11.4.1.1 A substantial mature market 123
11.4.2 CHINA 123
11.4.2.1 Second-largest solenoid valve market in Asia-Pacific 123
11.4.3 SOUTH KOREA 124
11.4.3.1 Growth from semiconductor manufacturing companies 124
11.4.4 INDIA 124
11.4.4.1 Prominent growth in the water treatment plants 124
11.4.5 REST OF APAC 124
11.4.5.1 Australia & Indonesia are potential countries for solenoid valves 124
11.5 REST OF THE WORLD (ROW) 129
11.5.1 MIDDLE EAST 129
11.5.1.1 Huge oil & gas reserves and petrochemical industries would drive the solenoid valve market 129
11.5.2 AFRICA 129
11.5.2.1 Emerging region for various industries 129
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12 COMPETITIVE LANDSCAPE 134
12.1 INTRODUCTION 134
12.2 MARKET RANKING OF PLAYERS IN THE SOLENOID VALVE MARKET, 2015 135
12.3 COMPETITIVE SCENARIO 136
12.4 RECENT DEVELOPMENTS 137
13 COMPANY PROFILES 139
(Overview, Products and Services, Financials, Strategy & Development)*
13.1 INTRODUCTION 139
13.2 ASCO VALVE, INC. 140
13.3 CHRISTIAN BURKERT GMBH & CO. KG 143
13.4 CURTISS-WRIGHT CORPORATION 145
13.5 DANFOSS A/S 147
13.6 GSR VENTILTECHNIK GMBH & CO. KG 150
13.7 IMI PLC 151
13.8 PARKER HANNIFIN CORPORATION 154
13.9 ROTEX CONTROLS B.V. 157
13.10 SMC CORPORATION 158
13.11 THE LEE COMPANY 160
*Details on Overview, Products and Services, Financials, Strategy & Development might not be Captured in case of Unlisted Companies
14 APPENDIX 161
14.1 INSIGHTS OF INDUSTRY EXPERTS 161
14.2 DISCUSSION GUIDE 162
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL 165
14.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 167
14.5 AVAILABLE CUSTOMIZATIONS 169
14.6 RELATED REPORTS 170