Solenoid Valve Market To See Growth Of 3.54% CAGR To 2022 Led By Aluminum Solenoid Valves
The solenoid valve market is expected to reach USD 4.41 billion by 2022 to hit a CAGR of 3.54% between 2016 and 2022 propelled by aluminum solenoid valves which is expected to grow at the highest rate during the forecast period.
Pune, India – June 24, 2016 /MarketersMedia/ —
The market also registered a shipment of 12.94 million units in 2015 and is expected to reach 20.29 million units by 2022. The major factors contributing to the growth of this market include the increasing need for greater process automation in wider range of industries and growing importance for providing clean and safe drinking water worldwide.
Complete report on solenoid valve market across 171 pages, profiling 10 companies and supported with 74 tables and 95 figures is now available at http://www.rnrmarketresearch.com/solenoid-valve-market-by-body-material-stainless-steel-brass-aluminum-and-plastic-valve-design-2-way-3-way-4-way-and-5-way-industry-and-geography-global-forecast-to-2022-market-report.html .
The market for aluminum solenoid valves is expected to grow at the highest rate between 2016 and 2022 in the global solenoid valve market. The major factors contributing to the growth of this market include growing adoption of these aluminum solenoid valves in a variety of industries such as chemical & petrochemical, oil & gas, water & wastewater, food & beverages, and power generation among others as they are lighter in weight, which helps in reducing the overall weight of the body, thereby increasing the production process.
The global solenoid valve market in the Americas held the largest share in 2015; however, the market in APAC is expected to exhibit the highest growth rate during the forecast period. The major factors contributing to the growth of this market include the increasing investments across various process industries, especially in the developing economies such as China and India. The solenoid valves in these industries are utilized to control the flow of wider range of fluids and gases.
The prominent players of solenoid valve market have been profiled in this report such as ASCO Valve, Inc. (U.S.), Christian Bürkert GmbH & Co. KG (Germany), Curtiss-Wright Corporation (U.S.), Danfoss A/S (Denmark), GSR Ventiltechnik GmbH & Co. KG (Germany), IMI plc (U.K.), Parker Hannifin Corporation (U.S.), Rotex Controls B.V. (The Netherlands), SMC Corporation (Japan) and The Lee Company (U.S.).
Get a discount before order a copy of Solenoid valve Market by Body Material (Stainless Steel, Brass, Aluminum, and Plastic), Valve Design (2-way, 3-way, 4-way, and 5-way), Industry, and Geography – Global Forecast to 2022 at http://www.rnrmarketresearch.com/contacts/discount?rname=617308 .
In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (25%), Tier 2 (35%) and Tier 3 (40%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level Executives (35%), Director Level (25%) and others (40%) from various key organizations operating in the global solenoid valve market. The primary interviews were conducted worldwide covering regions such as North America (43%), Europe (29%), Asia-Pacific (14%) and RoW (14%).
On a related note, another research on Control Valve Market Global Forecast to 2020 says, the control valve market is expected to grow at a rapid pace in most of the regions of the world due to growing investments in process industry and increasing need for automation across all the process industries and growing population. A growing population coupled with a high-energy demand is creating awareness about benefits of using control valve and is a major factor driving the market growth. The geographic segmentation of the report covers four major regions of the world, namely, Americas, Europe, Asia-Pacific, and Rest of the World. Companies like Flowserve Corporation, GE Oil & Gas, Pentair Ltd., Emerson Process Management, Samson AG, Velan, Inc.), IMI Plc and Crane Co have been profiled in this 180 pages research report available at http://www.rnrmarketresearch.com/control-valve-market-by-motion-rotary-linear-by-component-valve-body-actuator-and-others-by-application-oil-gas-chemicals-energy-power-water-management-pharmaceuticals-food-bevera-market-report.html .
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