The global Solenoid Valve Market size was USD 4.35 Billion in 2022 and is expected to register a steady revenue CAGR of 4.9% over the forecast period, according to a latest report by Reports and Data. Technological advancements and rising need for automation fluid control are major factors driving market revenue growth. Solenoid valve is a device used for controlling flow of liquid or gaseous elements. Mechanism of this valve is based on principle of electromagnet force to operate various functions of the valve.

In addition, various initiatives undertaken by government authorities and major companies is also significantly driving market revenue growth. For instance, according to the International Trade Administration (ITA), China emitted 55.7 billion cubic meters of wastewater in 2020, with 26% of wastewater coming from industrial sources. The industrial wastewater market in China will be worth USD 19.4 billion by 2025. China intends to invest USD 50 billion in various heavily polluting industries, including textiles, printing, coal mining, pharmaceutical production, Oil Gas (OG) extraction, and steel production, as a part of its development goal to move towards a more sustainable and clean economy. This country also has the greatest number of treatment facilities, 39,000 new facilities were built in 2020, spurring additional expansions. Moreover, strategic initiatives taken by various leading firms in the global market through mergers, acquisitions, partnerships, and various other strategic alliances are also significantly driving market revenue growth.

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Top Lading Players: Emerson Electric Co., Bürkert Fluid Control Systems, Parker Hannifin Corp, Danfoss, Norgren, Takasago Electric, Inc., Rotex Automation, Ceme Group, ODE, and The Lee Company, among others.

Solenoid Valve Market growth:

The solenoid valve market has been experiencing growth over the years due to its widespread use in various industries. Solenoid valves are electromechanical devices that control the flow of fluids or gases by using an electromagnetic coil to open or close a valve. They are known for their reliability, fast response time, and ability to operate in diverse environments. Here are some factors contributing to the growth of the solenoid valve market:

1. Industrial Automation: Solenoid valves play a vital role in industrial automation, where precise control of fluid or gas flow is required. They are used in industries such as oil and gas, water and wastewater treatment, chemical processing, food and beverage, pharmaceuticals, and automotive manufacturing. The increasing adoption of automation in these industries has driven the demand for solenoid valves.
2. Water and Wastewater Management: The need for efficient water and wastewater management has increased due to growing urbanization and environmental concerns. Solenoid valves are widely used in water treatment plants, irrigation systems, and plumbing applications to control the flow and pressure of water. The expansion of water infrastructure and investments in water management projects have contributed to the market growth.
3. HVAC and Refrigeration: Solenoid valves are extensively used in heating, ventilation, and air conditioning (HVAC) systems and refrigeration applications. They regulate the flow of refrigerants, ensuring efficient cooling and temperature control. The growth of the construction sector, rising demand for energy-efficient HVAC systems, and increasing refrigeration requirements have fueled the demand for solenoid valves.
4. Automotive Industry: Solenoid valves are integral components in automotive systems, including engine controls, transmission systems, fuel injection systems, and emissions control systems. The automotive industry's continuous technological advancements, such as the shift toward electric and hybrid vehicles, have increased the demand for solenoid valves.

Some Key Highlights from the Report:

• The pilot operated segment is expected to register a considerably fast revenue growth rate over the forecast period. This is due to increasing operation of valves facilitated by pressure, which is ideal for large flows and more cost-effective for higher flow values, along with lower levels of electrical power. The pressure difference of medium over valve ports is used by pilot-operated solenoid valves for opening and closing. These valves have minimal power requirements, excellent flow rates, and a wide operating temperature and pressure range.
• The stainless steel segment is expected to account for significantly large revenue share over the forecast period. This is due to high compatibility strength with the outside environment, convenience of manufacture, and resistance against corrosion. The optimum option for use in certain corrosive media and chemical applications is a stainless steel solenoid valve. Solenoid valves are crucial for remotely or automatically controlling flow and transfer of liquids wherever water, chemical mixtures, oil, and gases are transported through pipes. They are used in various other applications, such as commercial solenoid pumps, armatures, relays, and cores, with the purpose of managing and controlling flow of corrosive fluids.
• The Food Beverage (FB) segment is expected to account for largest revenue share over the forecast period. This is due to increasing adaptability to various temperatures, low power consumption, ease of installation, and flexible remote operations. Resistance to impurities is one of the major factors for stainless steel to be rapidly employed for construction of solenoid valves. Moreover, this is also rising demand for solenoid valves in food and beverage processing.

Segments covered in the report:

Type (Revenue, USD Billion; 2019-2032)

• Two way
• Three way
• Four way
• Others

Operation Outlook (Revenue, USD Billion; 2019-2032)

• Direct acting
• Manual reset
• Pilot operated

Material Outlook (Revenue, USD Billion; 2019-2032)

• Stainless steel

• Aluminum
• Brass
• Plastic

Size Outlook (Revenue, USD Billion; 2019-2032)

• Miniature
• Sub miniature
• Micro miniature
• Large diaphragm
• Small diaphragm

End-Use Outlook (Revenue, USD Billion; 2019-2032)

• Food Beverage (FB)
• Aerospace and defense
• Water and wastewater
• Chemical and petrochemical
• Oil and Gas (OG)
• Automotive
• Healthcare and pharmaceutical
• Power generation
• Others

Utilization Outlook (Revenue, USD Billion; 2019-2032)

• Hydraulic
• Fluidic
• Pneumatic

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Regional Outlook:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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