Market Trends

Solenoid Valve Market Overview Solenoid Valve market is  estimated to surpass $4,226.8 million by 2026 driven by transportation sector growing at CAGR of 5.8%  during 2021-2026. The industry is also majorly driven owing to the rapid adoption of fluid automation process in industries such as water supply, oil and gas and agriculture. The global demand for solenoid valve has expanded steadily over the last few years. The solenoid valves are mainly driven by their Simple system, low price and Quick action such as opening and closing with in millisecond. APAC is projected to hold the second largest market share for Solenoid Valve due to its automation control systems. The two major factors driving adoption for solenoid valves is the  water treatment  and beverage industries and renewable energy-based projects. A number of solenoid valve companies such as Emerson Electric Co, ABB of General Electric and others have significantly increased the automation solution for industries by offering

  Solenoid Valves Market Overview: According to Trade Map statistics, taps and valves valued at $95,255,390 were imported throughout the world in the year 2018. [1]  Such is the massive requirement of valves in the current industrial scenario as they are useful in controlling hydraulic systems in boilers and heaters. A massive division of this export belongs to the solenoid market which is being used for multiple purposes now. The  solenoid valves market  has a large end-user industry which includes water treatment plants, power generation plants, chemical industry, food and beverage industry, and many others. The most important end user industry is automotive in which solenoid valves are used in starting systems of trucks and cars. On starting a vehicle, the current passes from the battery to the valve which in turns generates power in the car or truck. Without these valves, driving a vehicle is almost impossible, which is why this application segment is expected to grow with a health