Market Scenario:

Global Solenoid valve market has been growing rapidly from last couple of years and registered the CAGR of more than 4%. Currently this market has been valued at more than US $4 billion which is growing rapidly as demand from industries like oil and gas, water and wastewaters, chemical and petrochemical among others are increasing. Solenoid valve are becoming more popular these days as it can be controlled electronically and gives more effective and efficient result.

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Market Segmentation:

The Global Solenoid Valve market has been segmented on the basis of type, body material, operating type and end user industries. By type the market has been segmented as 2-way, 3-way, 4-way, and 5-way Solenoid Valves. On the basis of body material, the markets are- Brass Body, Stainless Steel, Aluminum Body and Plastic Body material. Operating type includes- Direct, Indirect and semi-direct. The end user industries for the solenoid valve are- Chemical & Petrochemical, Oil & Gas, Food & Beverages, Water & Wastewater, Power Generation, Automotive, Pharmaceutical, Medical and others.

Key Players:

The key players in the market of Solenoid valve are Curtiss-Wright Corporation, Asco Valve, Inc., Christian Bürkert GmbH & Co. Kg, GSR Ventiltechnik GmbH & Co. Kg, Danfoss A/S, Parker Hannifin Corporation, IMI PLC, Rotex Controls B.V., The Lee Company, SMC Corporation among others.

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