The Solenoid Valves market is expected to grow at a CAGR of 5% over the forecast period from 2021 to 2027. Several regions, such as North America, Europe and Asia Pacific, have witnessed significant increases in sustainable energy projects and water treatment initiatives. In the case of water treatment, desalination activities are becoming increasingly popular in municipal and industrial sectors, which is creating significant demand for automation in the sector.
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Some main participants of the solenoid valve market are ASCO Valve, Inc., Danfoss A/S, CKD Corporation, Christian Bürkert GmbH & Co. KG, SMC Corporation of America, IMI plc Company, GSR Ventiltechnik GmbH & Co. KG, ODE s.r.l., Kaneko Sangyo Co., Ltd., CEME S.p.A., Takasago Electric Industry Co., Ltd., Parker Hannifin Corp., and Ningbo Mailing Pneumatic Co., Ltd. among others. Major players in the global market are focusing on strengthening position in the target industry by applying various business strategies.
Solenoid Valves Market- Segmentation
By Body Material:
• Stainless Steel
• Brass
• Aluminium
• Plastic
By Valve Design Type:
• 2-way
• 3-way
• 4-way
• 5-way
By Industry:
• Oil & Gas
• Chemical & Petrochemical
• Water & Wastewater
• Food & Beverages
• Power Generation
• Pharmaceuticals
• Automotive
• Medical
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
