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Solenoid Valve Market Opportunities Analysis & Competitive Landscape for Major Players Forecast 2022

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Nihal Patil
Solenoid Valve Market Opportunities Analysis & Competitive Landscape for Major Players Forecast 2022

The global Solenoid Valve Market was valued at USD 3.44 Billion in 2015 and is expected reach USD 4.41 Billion by 2022, at a CAGR of 3.54% during the forecast period. The market is expected to register a shipment of 20.29 Million units by 2022 from 12.94 Million units in 2015. The base year considered for the study is 2015 and the market size has been forecast between 2016 and 2022.

The research methodology used to estimate and forecast the solenoid valve market begins with gathering data on key vendor revenues through secondary research. The top-down and bottom-up approaches have been used to estimate and validate the size of the global market. The research methodology also includes the study of annual and financial reports of the top market players as well as interviews of industry experts (such as CEOs, VPs, directors, and marketing executives) for key insights (both, quantitative and qualitative) on the market. All percentage shares, splits, and breakdowns have been determined by using secondary sources and verified through primary sources. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub segments.

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The solenoid valve ecosystem comprises valve manufacturers such as ASCO Valve, Inc. (U.S.), Christian Bürkert GmbH & Co. KG (Germany), Curtiss-Wright Corporation (U.S.), Danfoss A/S (Denmark), GSR Ventiltechnik GmbH & Co. KG (Germany) among others; component manufacturers such as CEME S.p.A. (Italy), CKD Corporation (Japan), ODE S.r.l. (Italy), KANEKO SANGYO Co., Ltd. (Japan), and Takasago Electric Industry Co., Ltd. (Japan) among others

Target Audience of the Report:

The intended audience for this report includes:

  • Solenoid valve equipment products and solutions providers
  • Solenoid valve systems related service providers
  • Research organizations and consulting companies
  • Associations, organizations, forums, and alliances related to solenoid valve engineering
  • Government bodies such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • End users who want to know more about the market

The major solenoid valve body materials considered for the market study are stainless steel, brass, aluminum, and plastic. Among these body materials, the market for brass material is expected to hold the largest size during the forecast period. Some of the major reasons for this growth include the increasing adoption of brass solenoid valves as they are best suited for most non-aggressive and non-corrosive applications. It also has high thermal conductivity compared to other materials such as stainless steel or carbon steel. In addition, the brass material is easier to machine than stainless steel that lowers the manufacturing costs.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441 
[email protected]

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