Solenoid Valves Market 2022 Competitive Insights - IMI Precision Engineerng, Danfoss Industries Ltd, Curtiss Wright Corporation

The Solenoid Valves Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The Solenoid Valves Market is expected to grow at a CAGR of 5.39% over the forecast period 2022 to 2027.

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Top Leading Companies of Solenoid Valves Market are IMI Precision Engineerng, Danfoss Industries Ltd, Curtiss Wright Corporation, Emerson Electric Co., Parker Hannifin Corporation, AirTAC International Group, KANKEO SANGYO Co. Ltd, Anshan Solenoid Valve Co. Ltd, CEME SpA, ABB Ltd, Kendrion NV, Peter Paul Electronics Co., Inc. and others.

Industry News and Updates

Nov 2019 - Danfoss Industries Pvt. Ltd. unveiled ICSH 2 Step Solenoid Valve, held at Hitex Exhibition Centre, Hyderabad. The product is set to change the standard of applications for the industrial refrigeration and cooling industry. The ICSH 2 Step Solenoid Valve for safe and soft gas injection is a very efficient and common method used within industrial refrigeration. It is specifically designed keeping in mind the safety risks involved in injecting hot gas into evaporators.

- Apr 2019 - Eaton launched a compact, simplified solenoid valve to increase the accuracy of off-highway vehicles' fluid control. The new five-way, three-position proportional ESVL9 screw-in cartridge valve (SiCV) features an integrated load-sense check control and provides a 21% manifold reduction in size compared with other five-ported directional control valves in the market

Key Market Trends

Japan in Asia-Pacific is to Dominate the Market

- Japan is expected to stand as one of the fastest-growing markets for solenoid valve installations in Food and Beverage, Automotive, Chemical & Petrochemical, Power Generation, Oil and Gas, and Healthcare & Pharmaceutical, owing to revised environmental policies and stringent pollution monitoring practices employed by the country in recent years.

- For instance, according to METI & Statistics Bureau Japan, in 2019, the production value of solenoid-operated valves in Japan amounted to approximately 18.67 million kilograms, an increase from around 15.2 million kilograms in 2015.

- Also according to the same source, in 2019, the value of stainless steel solenoid valves produced in Japan amounted to approximately JPY 88.44 billion, an increase from around 67 billion yen in 2015. The market in the region is expected to expand at a significant rate during the forecast period owing to the presence of well-established domestic players.

Regional Outlook of Solenoid Valves Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Solenoid Valves Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

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