Major Developments involved in Global Solenoid Valves Market | 2015-2020
Solenoid valves are the electromechanical devices that are purposed for controlling the flow of gases or liquids. They are also called as electromagnetic valves. The Solenoid Valves Market deals with the demand and supply of the solenoid valves to various end users, production and scope of applications of solenoid valve in upcoming period.
North America leads the Solenoid Valves Market with high market shares. The Solenoid Valve was developed and patented by an American company ASCO Valves Inc. which is largely dominating the distribution of valves I the region as well as globally.
The APAC region has high scope of applications for the Solenoid Valves Market owing to high demand of industrial growth in the region. With the rise in industrialization, the solenoid market is getting boost with high utilization in the region. China and Japan are expected to rise as prominent manufacturers in the APAC region in upcoming term.
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Segmentation of Solenoid Valves Market:
The Solenoid Valves Market is segmented into various categories in the IndustryARC market research report by type, by component, by seal, by operation, by industry and by geography.
By type: two way solenoid valves, three way solenoid valves comprised three ports, four way solenoid valves and others
By component: coil/ solenoid, plunger, orifice, spring, seal and others
By seal: nitrile rubber (NBR), ethylene propylene diene monomer (EPDM) rubber, fluroelastomer (FKM) and polytetrafluoroethylene (PTFE)
By operation: direct acting valves, pilot operated valves and manual reset valves
By industry: aerospace and defense, automobile, oil and gas, mining, water treatment, chemical and petrochemical industry, pulp and paper, food and beverage, power generation and others
By Geography: North America, South America, Europe, Asia Pacific and ROW
According to the IndustryARC market research report, the prominent players in the Solenoid Valves Market are as follows:
- ASCO Valves Inc. (U.S)
- Parker Hannifin Corporation (U.S.)
- Danfoss Industries Pvt Ltd. (Denmark)
- Curtiss-Wright Corp. (U.S.)
- Burkert Contromatic Corp. (U.S.)
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The Solenoid Valves Market is a constantly growing market with increasing applications in various end user industries across the globe. This market is expected to witness a healthy growth with rise in industrialization in many regions in upcoming years.
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