Soleoid Valve Market worth USD 1,298.73 million by 2033

The Market Statsville Group (MSG) publishes the new report on the "Soleoid Valve Market by Type (Direct-acting valves, Pilot-operated valves), by Function, by Technology (Stainless Steel, Aluminum, Plastic, Others), by Operation (Normally open, Normally closed, Universal), by Media (Air, Gas, Water), by Industry, By Region – Global Share and Forecast to 2033

According to the Market Statsville Group (MSG), the global soleoid valve market size is expected to grow from USD 604.47 million in 2022 to USD 1,298.73 million by 2033, at a CAGR of 7.2% from 2023 to 2033.

The soleoid valve market consists of sales of soleoid valve services by entities (organizations, sole traders, and partnerships). Some of the major reasons driving the growth of the solenoid valve market are the increasing uses of solenoid valves in many industrialized sectors, low power consumption, and decreasing pricing. Nevertheless, power outages and wrong voltage that might interfere with the operation of the solenoid valve are some of the primary reasons that may limit the growth of the solenoid valve market. Nevertheless, the introduction of innovative solenoid valves such as pinch, micro-miniature, and customized valves has boosted the worldwide solenoid valve industry.

Global Soleoid Valve Market Segmentation

The overall soleoid valve market has been segmented into type, function, operation, technology, media, industry, and region.

• By Type (Direct-acting valves, Pilot-operated valves)
• By Function (2-way, 3-way, 4-way, 5-way)
• By Technology (Stainless Steel, Aluminium, Plastic, Others)
• By Operation (Normally open, Normally closed, Universal)
• By Media (Air, Gas, Water)
• By Industry (Oil & Gas, Chemical & Petrochemical, F&B, Power Generation, Pharmaceuticals, Automotive, Medical, Others)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

Pilot-operated valves segment is at the highest CAGR during the forecast period

Pilot-operated valves segment is expected to grow at the highest CAGR during the forthcoming period. Pilot-operated valves are pressure relief valves that regulate the intake and output ports of the main valve. They function similarly to spring-loaded valves but are the best alternative choice for achieving the maximum pressure and capacity. These valves offer excellent performance for overpressure protection. This valve type was first identified as a one-of-a-kind option for coping with high backpressure or improving system stability, but its excellent capacity to optimize valve selection is frequently disregarded. These valves are commonly employed in the oil and gas sector, particularly upstream in offshore applications, due to their small design.

Don't miss out on business opportunities in Soleoid Valve Market. Speak to our research analyst and gain crucial market insights that will benefit your business grow.

The Asia Pacific to account for the highest CAGR during the forecast period

Over the forecast period, the Asia Pacific market is expected to grow rapidly. Due to the  installations of solenoid valve in food & beverage, automotive, power generation, oil & gas, healthcare & pharmaceutical, owing to the rising population, a significant increase in demand for fuel and petroleum products, and the increasing disposable income of the middle-class population in the region. According to British Petroleum (BP), China is the Asia-Pacific region's top oil user, using 15.5 million barrels per day last year. In the same year, India used approximately 4.95 million barrels per day, making it the region's second-largest oil user.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the soleoid valve market. It also consists of the profiles of leading companies such as Bohai valve group co., LTD, Chinadrip Irrigation Equipment Co., Ltd, Meishuo Electric Technology Co., Ltd, Regis Solenoid Valve Manufacturing Co., Ltd, Fenghua Shengbang Machinery Factory, Darhor technology co., Limited, FITO Pneumatic Factory, Kailing Pneumatic Co., Ltd, Ningbo Kveina Electronic Technology Co., Ltd, Longli Hydraulic Device Co., Ltd, IMI Precision, Danfoss Industries, Curtiss Wright, Emerson Electric and Parker Hannifin Corporation. The key players' growing research and development activities for launching innovative healthcare devices with advanced features and strategic unions are expected to drive market growth.

About Market Statsville Group

Market Statsville Group (MSG) is a business research and consulting platform of Statsville Consulting Private Limited, based in Oklahoma, USA. MSG is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and intelligent business insights. MSG has experienced research analysts who are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact. Furthermore, Market Statsville Group already benefited more than 1,000 companies each year for their revenue planning. It helped them take their disruptions/innovations early to the market by providing them research ahead of the curve.

MSG has an entire repository of research reports on more than 1,000 niche industries, 3,000 high-growth potentials markets, 5,000 data sets, and more than 12,000 company profiles.

Contact Us:

Market Statsville Group

800 Third Avenue Suite A #1519

New York, US 10022

USA: +1 646-663-5829 | +91 702 496 8807

Email: sales@marketstatsville.com

Web: www.marketstatsville.com