Solenoid Valves Market Size Analysis, Top Regions, Key Players and Investments Opportunities Forecast up to 2028

 

Solenoid Valves Market

The global Solenoid Valves Market size was valued at USD 4.25 billion in 2020 and is expected to grow at a CAGR of 3.9 from 2022 to 2028.

The Solenoid Valves Market is primarily driven by the increased use of solenoid valves in various process sectors and the rising popularity of process automation. For instance, water treatment facilities typically employ these valves. They serve a number of other purposes in addition to helping remove organic contaminants from contaminated water. The water treatment industry uses a variety of solenoid valves, including ones made of plastic, brass, and stainless steel. They can be used to pilot bigger actuated valves with air or water, fill tanks, operate service valves on water softeners, and more.

Furthermore, the Solenoid Valve is a fantastic solution for food processing and one of the most often used in the sector. A lot of solenoid valves are made to tolerate chilly room temperatures and corrosive, damp environments. Stainless steel is frequently used in solenoid valve construction because of the material's resistance to impurities. A solenoid valve can also be used as a part of a system to control the flow of water in a hydropower system, which is a kind of renewable energy. The Solenoid Valves Market under study is anticipated to be driven by an increase in renewable energy projects.

A green hydrogen production unit with an annual capacity of 0.2 million tonnes and a green ammonia production unit with an annual capacity of 1 million tonnes, both integrated with 5 GW of renewable energy projects and costing an estimated USD 6 billion, for example, were signed by ABC Cleantech and the Government of Karnataka in November as part of Invest Karnataka.

In the medical field, Solenoid Valves are crucial because they make it easier to provide patients using medical ventilators with the right concentration of gas and flow rate. Moreover, solenoid valves quickly and precisely adjust the oxygen flow rate (increments as tiny as half a litre per minute), resulting in efficient patient care. Solenoid valve demand increased as a result of the COVID-19 pandemic's increased need for essential medical equipment. Many solenoid valve advancements addressing certain critical applications are also being seen in the medical field. 

The Solenoid Valves Market is highly competitive, with several major players operating in the market. Some of the key players in the solenoid valves market include Emerson Electric Co., Parker Hannifin Corporation, IMI plc, Danfoss A/S, Curtiss-Wright Corporation, SMC Corporation, GSR Ventiltechnik GmbH & Co. KG, CKD Corporation, Christian Bürkert GmbH & Co. KG, and Rotex Automation Limited.

Comments

Post a Comment

Popular posts from this blog

Security Robot Market is Estimated To Witness High Growth Owing To Increasing Demand for Enhanced Surveillance

Image
Security Robot Market The Security Robot Market is estimated to be valued at US$ 11.8 billion in 2022 and is expected to exhibit a CAGR of 12.87% over the forecast period of 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: The Security Robot Market encompasses advanced robotic technologies that are specifically designed and developed to enhance security and surveillance operations. These robots are equipped with features such as video surveillance, thermal imaging, facial recognition, and intrusion detection, among others. They are extensively used by security agencies and organizations across various sectors, including residential, commercial, industrial, and government, to enhance safety, reduce human intervention, and streamline security operations. Security robots offer real-time monitoring, remote control, and high accuracy, making them an ideal choice for surveillance in sensitive areas and remote locations. Market Dynamics:
Read more

The Ever-Evolving Landscape of the Scottish Whisky Market during the Forecast Period 2019-2027

Image
  Scottish Whisky Market The Scottish Whisky Market is a captivating landscape that has been evolving and transforming over the years. It is a world of tradition, craftsmanship, and heritage, where every drop of whisky tells a story. The history of Scottish whisky traces back centuries, with the earliest records dating back to the 15th century. Whisky production initially started in monasteries, where monks distilled spirits for medicinal purposes. Over time, whisky production moved from monastic settings to farms and then to commercial distilleries. This transition marked the beginning of an industry that would become synonymous with Scotland. Scottish Whisky Market Was Valued At US$ 4.97 Bn In 2018, And It Is Expected To Reach US$ 7.89 Bn By The End Of 2027, Exhibiting A CAGR Of 5.3% During The Forecast Period (2019 To 2027). One of the defining characteristics of the Scottish Whisky Market is its adherence to traditional production methods. Scotch whisky is made from malted b
Read more

Monochloroacetic Acid (MCAA) Market Is Estimated To Witness High Growth Owing To Increasing Demand for Surfactants and Herbicides

Image
Monochloroacetic Acid (MCAA) Market The Monochloroacetic Acid (MCAA) Market is estimated to be valued at USD 676.52 Million in 2022 and is expected to exhibit a CAGR of 7.03% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: The Monochloroacetic Acid (MCAA) Market is driven by the increasing demand for surfactants and herbicides in several industries such as agriculture, pharmaceuticals, textiles, and personal care. MCAA is extensively used in the production of surfactants, herbicides, and carboxymethyl cellulose (CMC), which are essential in various applications. These applications include detergents, agrochemicals, pharmaceuticals, dyes, and cosmetics, among others. The versatile properties of MCAA, such as its ability to act as a raw material in the production of herbicides and surfactants, make it highly desirable in the market. Market Dynamics: The Monochloroacetic Acid (MCAA) Market is driven by two k
Read more