Solenoid
valve is a device which uses a solenoid to control valve
activation. In solenoid valve, electric current is passed through a solenoid.
Solenoid valves are considered as electromechanically operated valve used for
controlling liquid or gas flow. Solenoid
valves are most commonly used in fluidics (fluid power pneumatic and
hydraulic system to control fluid power motors or large industrial valves) as a
control element. They perform the various tasks such as release, shut-off, mix
or distribute fluids. Solenoid offers various advantages such as high
reliability, fast and safe switching, extended service life, compact design and
low control power. Solenoid valves are also used in automatic irrigation sprinkle
system. Furthermore, washing machine and dishwashers use solenoid valves to
control the flow of water into the machine.
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
Market Trends:
According
to IndustryARC, Solenoid Valve Market was accounted to be 4.05 Billion in 2014
and is expected to grow in the coming years. On the other hand, the market is
slated to rise at a CAGR of 3.8% through 2015-2020.
While the U.S is projected to witness a great
demand for industrial valves in terms of sales, the construction market is about to grow the fastest owing to the fact
that both residential and nonresidential segments rebound at double-digit
rates. Despite all these, process manufacturing will remain the largest valve
market, whereas demand for automatic valves will outpace standard valve sales.
In terms of applications, the chemical industry is expected to dominate Global Solenoid Valve Market during the
period of forecast.
Solenoid
valve market is evolving continuously and expected to
witness significant growth during the period of forecast.
Market
Driving Factors:
- Constant evolution in solenoid valve market leads to the development of new technologies.
- Increasing applications of solenoid valves into various industrial sectors.
- Decreasing/low prices of valves and lower power consumption.
- Development of new solenoid valves such as micro-miniature valves customized valves and pinch valves encourages the growth
Challenges: while there are a number of
growing factors for the market, there exist a few challenges that market is
striving to overcome, including common problems associated with solenoid
valves. Power failure, uneven pressure, wrong voltage may affect the
functioning of solenoid valve because of which solenoid valves may not open,
erratic valve sounds while opening and closing of valve and coil problems in
solenoid valves are some of the common issues associated with solenoid
valves.
REPORT SCOPE: Market Segmentation:
The Solenoid
Valves Market is precisely segmented into 6 types by IndustryARC based on
various 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:
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.
- Curtiss-Wright Corporation
- Kingston Valves
- Burkert Fluid Control Systems
- AIRTAC International Group.
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