DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Solenoid Valve Market - Forecasts from 2017 to 2022" report to their offering.
Solenoid Valve Market is projected to witness a compound annual growth rate of 4.11% to grow to US$5.309 billion by 2022, increasing from US$4.341 billion in 2017.
Shift to renewable sources of power generation and increasing adoption of the solenoid valve in various process industries some of the key factors driving the growth of the market. These valves are increasingly being used on account of advantages it offers such as fast switching, high reliability, low control power and compact design.
The aluminum solenoid is expected to witness the highest growth due to its lightweight nature which helps in decreasing overall weight while improving the production rate. Asia Pacific is expected to have highest growth rate during the forecast period on account of increasing investment across various process industries mainly in the fast-growing economies like India and China.
- Stainless Steel
- Direct Acting
- Pilot Operated
- Manual Reset
End User Industry
- Oil and Gas
- Water and Wastewater
- Food and Beverage
- Energy and Power
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Solenoid Valve Market Forecast by Body Material (US$ billion)
6. Solenoid Valve Market Forecast by Operation (US$ billion)
7. Solenoid Valve Market Forecast by End User Industry (US$ billion)
8. Solenoid Valve Market Forecast by Geography (US$ billion)
9. Competitive Intelligence
10. Company Profiles
- Asco Valve, Inc.
- Curtiss-Wright Corporation
- GSR Ventiltechnik Gmbh & Co. KG
- Parker Hannifin Corporation
- SMC Corporation
- The Lee Company
- Bürkert Fluid Control Systems
- Danfoss A/S
- Rotex Controls B.V.
For more information about this report visit https://www.researchandmarkets.com/research/gq3gs6/solenoid_valve