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
Solenoid Valves are
one of the vital components in flow control processes. They are used to control and modulate the flow of liquids and gases. They are
critical components in almost all industries; from being used in simple
applications such as distribution of water to households and industries to
complex applications such as drilling
and extraction of oil & gas, chemical treatment, power generation and
so on. They facilitate in optimizing efficiency and they are often the
final control element in the operation of various equipment.
Driving
Factors of the Market:
Change in Technology has highly increased the
demand for Solenoid Valves at a very
high rate.
- Automatic Flow System,
- New Control Designs,
- Low Power Consumption
The factors which affect the prices of Solenoid Valves are:
- The size of the equipment,
- The level of customization of the equipment and
- The application in which the equipment is used.
For instance, a solenoid valve of port size 1/2 inches used in water distribution
application would cost relatively lesser than a 4 inch solenoid valve in same
industry but rather critical application such as in water treatment.
Development of new technologies with improved
features and performance are set to drive the market
Market
Brief:
While the revenue generated by Solenoid Valve Market in 2014 was noted to
be $4.05 Billion, this market is accounted to grow at a CAGR of 3.8% through 2015 to 2020.
The Global Solenoid Valves Market owes its success to the Chemical Industry
and Industrial Products which are the key industries for the Solenoid Market.
Oil & gas,
Chemical & Petrochemical and Power generation
industries are the major
contributors to the revenue generated by this market. Analysts
suggest, these contributed to almost 54% of the overall revenue in 2014.
Coming to geography: North America and Europe
are expected to occupy a share of more than 50% during the forecast period.
REPORT
SCOPE:
The overall Solenoid Valve Market is
presented from the perspective of different geographic regions and the key
countries for this industry. Competitive landscape for each of the
product types is highlighted and market players are profiled with attributes of
company overview, financial overview, business strategies, product portfolio
and recent developments. Market shares of the key players for 2014 are
provided.
Market
Segmentation:
The Solenoid
Valves Market is classified into 6 types depending on different factors
like:
- By Types: Two Way Solenoid Valves, Three Way Solenoid Valves Comprise Three Ports and Others.
- By Components: Coil / Solenoid, Plunger and Others.
- By Seals: Nitrile Rubber (NBR), Fluroelastomer (FKM) and Others.
- By Operation: Direct Acting Valves, Pilot Operated Valves and Manual Reset Valves.
- By Industry: Automobile, Oil&Gas, Mining and Others.
- By Geography: Americas, Europe, Asia and ROW.
Key
Players:
Few Important Market Players of Solenoid Valves which are mentioned in this
report:
- AIRTAC International Group
- Pentair Ltd.
- ROTORK PLC
- NORGEN Inc. (IMI Precision Engineering)
- Parker Hannifin
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