The
Report “Solenoid Valves Market Analysis:
By Types (Two port, Three-way, Four-way, Direct Acting, Pilot operated); By
Industry (Water Treatment, Power, Pulp & Paper, Food & Beverage,
Chemical) - With Forecast (2015 - 2020)”, published by IndustryARC, the
market to grow at a CAGR of 3.8% till 2020
Browse
31 Market Tables, 56 Figures spread through 164 Pages and an in-depth TOC on “Solenoid Valves Market” http://industryarc.com/Report/1273/global-solenoid-valves-market-analysis-report.html
A solenoid
valve is an electromechanical valve which is operated by passing electric
current through a solenoid. They facilitate in control, direct and regulation
of liquid and gases. Generally a solenoid can be differentiated based on their
type into two port, three way and four way solenoid valve of which two port solenoid valves occupies nearly
37% of overall market due to wide range of applications combined with
compatibility with other processes.
Solenoid valves find their application in
almost all the industries where fluid handling is required. However, Oil &
gas, Chemical & Petrochemical and Power generation industries are the major
contributors to the revenue generated this market contributing to almost 54% of
the overall revenue in 2014. Apart from the three, Water Treatment, Automobile,
Food & Beverage and Pulp & Paper also contribute to major portion of
the revenue generation.
Since these components are used for
industrial applications, the demand for these components is generated from
regions in which an active industrial region. Therefore, the major demand is
generated from APAC region owing to process of industrialization in developing
countries such as China, India and so on
followed by Americas. APAC and America together contribute to nearly 73% of
overall revenue generated by overall solenoid market. In Europe, automobile
industry is driving the demand for the same.
Solenoid
Valve`s will have an upsurge in demand over the next five years
due to increasing government regulations on industries such as Oil and Gas.
Solenoid Valves with features such as detecting internal and external leaks
will support the plant in safety factors. The major drivers for this market
include the need for automatic flow systems, low power consumption aided by new
control designs. Since this market is in mature state, new technologies with
improved features and performance are set to drive the demand. Also, increase in demand for fluid control needs
has led to development of new solenoid valves such as customized valves,
micro-miniature valves, pinch valves, manifolds, etc.
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the Report @ http://industryarc.com/requestcustomization.aspx?id=1273
The overall market is also presented from the
perspective of key players, different geographic regions and the key countries
for this industry. Competitive landscape for each of the product types is
highlighted and market players such as ASCO Valve, Inc (subsidiary of Emerson
Electric Co.), Burkert Contromatic Corp., Danfoss Industries Pvt., Ltd.,
Norgren Pipe Industrial Co., Ltd., Parker Hannifin Corporation, Curtiss-Wright
Corporation, CKD Corporation, SMC Corporation are profiled.
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