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

 Published On: Jun, 2016 |    No of Pages: 172 |  Published By: MarketsandMarkets | Format: PDF
Request Free Sample

The solenoid valve market is expected to reach USD 4.41 billion by 2022, at a CAGR of 3.54% between 2016 and 2022. 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.

The market for aluminum solenoid valves is expected to grow at the highest rate during the forecast period

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 aluminium 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.

APAC to be the fastest-growing market during the forecast period in the solenoid valve market

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.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key people in the market. The break-up of profiles of primary participants is given below:

• By Company Type: Tier 1%–25%, Tier 2%–35%, and Tier 3%–40%
• By Designation: C-Level Executives– 35%, Directors– 25%, Others – 40%
• By Region: North America – 43%, Europe – 29%, APAC – 14%, RoW – 14%

The prominent players profiled in this report are:
1. ASCO Valve, Inc. (U.S.)
2. Christian Bόrkert GmbH & Co. KG (Germany)
3. Curtiss-Wright Corporation (U.S.)
4. Danfoss A/S (Denmark)
5. GSR Ventiltechnik GmbH & Co. KG (Germany)
6. IMI plc (U.K.)
7. Parker Hannifin Corporation (U.S.)
8. Rotex Controls B.V. (The Netherlands)
9. SMC Corporation (Japan)
10. The Lee Company (U.S.)

The report would help the market leaders/new entrants in this market in the following ways:

1. This report segments the solenoid valves market comprehensively and provides the closest approximations of the revenues for the overall market and the subsegments across different verticals and regions.
2. The report would help stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report would help stakeholders to understand their competitors better and gain more insights to enhance their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers & acquisitions.

1 INTRODUCTION 16
1.1 STUDY OBJECTIVES 16
1.2 MARKET DEFINITION 16
1.3 STUDY SCOPE 17
1.3.1 MARKETS COVERED 17
1.3.2 GEOGRAPHIC SCOPE 18
1.3.3 YEARS CONSIDERED FOR THE STUDY 18
1.4 CURRENCY 19
1.5 LIMITATIONS 19
1.6 STAKEHOLDERS 19
2 RESEARCH METHODOLOGY 20
2.1 RESEARCH DATA 20
2.1.1 SECONDARY DATA 21
2.1.1.1 Key data from secondary sources 21
2.1.2 PRIMARY DATA 22
2.1.2.1 Key data from primary sources 22
2.1.2.2 Key industry insights 23
2.1.2.3 Breakdown of primaries 23
2.2 FACTOR ANALYSIS 24
2.2.1 INTRODUCTION 24
2.2.2 DEMAND-SIDE ANALYSIS 24
2.2.2.1 Increasing adoption of solenoid valves in the pharmaceutical industry would drive the demand for this market 24
2.3 MARKET SIZE ESTIMATION 25
2.3.1 BOTTOM-UP APPROACH 25
2.3.2 TOP-DOWN APPROACH 26
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 27
2.5 RESEARCH ASSUMPTIONS 28
3 EXECUTIVE SUMMARY 29
4 PREMIUM INSIGHTS 35
4.1 ATTRACTIVE OPPORTUNITIES FOR THE SOLENOID VALVES MARKET 35
4.2 SOLENOID VALVE MARKET, BY INDUSTRY 36
4.3 SOLENOID VALVE MARKET IN APAC 36
4.4 LIFE CYCLE ANALYSIS, BY GEOGRAPHY 37
5 MARKET OVERVIEW 38
5.1 INTRODUCTION 39
5.2 MARKET SEGMENTATION 39
5.2.1 MARKET, BY BODY MATERIAL 39
5.2.2 OPERATING PROCEDURES OF SOLENOID VALVES 39
5.2.3 MARKET, BY VALVE DESIGN 39
5.2.4 MARKET, BY INDUSTRY 40
5.2.5 MARKET, BY GEOGRAPHY 41
5.3 MARKET DYNAMICS 42
5.3.1 DRIVERS 43
5.3.1.1 Increasing adoption of solenoid valves in the food & beverages industry 43
5.3.1.2 Shift to renewable sources for power generation 43
5.3.2 RESTRAINTS 45
5.3.2.1 Technical problems associated with solenoid valves may affect the market 45
5.3.3 OPPORTUNITIES 46
5.3.3.1 Increasing demand for wastewater treatment industries 46
5.3.3.2 Growing adoption of solenoid valves in a wide range of process industries 46
5.3.4 CHALLENGES 47
5.3.4.1 Reliability of Solenoid valve 47
6 INDUSTRY TRENDS 48
6.1 INTRODUCTION 48
6.2 VALUE CHAIN ANALYSIS 48
6.3 PORTER’S FIVE FORCES ANALYSIS 49
6.3.1 INTENSITY OF COMPETITIVE RIVALRY 51
6.3.2 THREAT OF SUBSTITUTES 52
6.3.3 BARGAINING POWER OF BUYERS 53
6.3.4 BARGAINING POWER OF SUPPLIERS 54
6.3.5 THREAT OF NEW ENTRANTS 55
6.4 STRATEGIC BENCHMARKING 55
6.4.1 TECHNOLOGY INTEGRATION AND PRODUCT ENHANCEMENT 56

7 OPERATING PROCEDURES OF SOLENOID VALVES 57
7.1 INTRODUCTION 58
7.2 DIRECT OPERATED 59
7.3 INDIRECT (PILOT) OPERATED 59
7.4 SEMI-DIRECT OPERATED 59
8 MARKET, BY BODY MATERIAL 60
8.1 INTRODUCTION 61
8.2 STAINLESS STEEL BODY MATERIAL 63
8.3 BRASS BODY MATERIAL 64
8.4 ALUMINUM BODY MATERIAL 66
8.5 PLASTIC BODY MATERIAL 67
9 MARKET, BY VALVE DESIGN 69
9.1 INTRODUCTION 70
9.2 2-WAY SOLENOID VALVES 71
9.3 3-WAY SOLENOID VALVES 73
9.4 4-WAY SOLENOID VALVES 74
9.5 5-WAY SOLENOID VALVES 76
10 MARKET, BY INDUSTRY 77
10.1 INTRODUCTION 78
10.2 OIL & GAS 81
10.3 CHEMICAL & PETROCHEMICAL 83
10.4 WATER & WASTEWATER 86
10.5 FOOD & BEVERAGES 88
10.6 POWER GENERATION 91
10.7 PHARMACEUTICAL 93
10.8 AUTOMOTIVE 96
10.9 MEDICAL 98
10.10 OTHERS 101
11 MARKET, BY GEOGRAPHY 104
11.1 INTRODUCTION 105
11.2 AMERICAS 107
11.2.1 NORTH AMERICA 109
11.2.1.1 U.S. 110
11.2.1.1.1 Upgrading of existing facilities would drive the market in the U.S. 110
11.2.1.2 Canada 110
11.2.1.2.1 Growing medical and healthcare industry 110
11.2.1.3 Mexico 110
11.2.1.3.1 Growing manufacturing industry would further drive the utilization of solenoid valves 110
11.2.2 SOUTH AMERICA 111
11.3 EUROPE 114
11.3.1 GERMANY 116
11.3.1.1 Advanced manufacturing capabilities 116
11.3.2 FRANCE 116
11.3.2.1 Second-largest solenoid valve market in Europe 116
11.3.3 ITALY 117
11.3.3.1 Third-largest solenoid valve market in Europe 117
11.3.4 U.K. 117
11.3.4.1 Growing automation technologies would drive the solenoid valves market 117
11.3.5 REST OF EUROPE 117
11.3.5.1 Growing economic conditions 117
11.4 ASIA-PACIFIC 122
11.4.1 JAPAN 123
11.4.1.1 A substantial mature market 123
11.4.2 CHINA 123
11.4.2.1 Second-largest solenoid valve market in Asia-Pacific 123
11.4.3 SOUTH KOREA 124
11.4.3.1 Growth from semiconductor manufacturing companies 124
11.4.4 INDIA 124
11.4.4.1 Prominent growth in the water treatment plants 124
11.4.5 REST OF APAC 124
11.4.5.1 Australia & Indonesia are potential countries for solenoid valves 124
11.5 REST OF THE WORLD (ROW) 129
11.5.1 MIDDLE EAST 129
11.5.1.1 Huge oil & gas reserves and petrochemical industries would drive the solenoid valve market 129
11.5.2 AFRICA 129
11.5.2.1 Emerging region for various industries 129

12 COMPETITIVE LANDSCAPE 134
12.1 INTRODUCTION 134
12.2 MARKET RANKING OF PLAYERS IN THE SOLENOID VALVE MARKET, 2015 135
12.3 COMPETITIVE SCENARIO 136
12.4 RECENT DEVELOPMENTS 137
13 COMPANY PROFILES 139
(Overview, Products and Services, Financials, Strategy & Development)*
13.1 INTRODUCTION 139
13.2 ASCO VALVE, INC. 140
13.3 CHRISTIAN BάRKERT GMBH & CO. KG 143
13.4 CURTISS-WRIGHT CORPORATION 145
13.5 DANFOSS A/S 147
13.6 GSR VENTILTECHNIK GMBH & CO. KG 150
13.7 IMI PLC 151
13.8 PARKER HANNIFIN CORPORATION 154
13.9 ROTEX CONTROLS B.V. 157
13.10 SMC CORPORATION 158
13.11 THE LEE COMPANY 160
*Details on Overview, Products and Services, Financials, Strategy & Development might not be Captured in case of Unlisted Companies
14 APPENDIX 161
14.1 INSIGHTS OF INDUSTRY EXPERTS 161
14.2 DISCUSSION GUIDE 162
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL 165
14.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 167
14.5 AVAILABLE CUSTOMIZATIONS 169
14.6 RELATED REPORTS 170

LIST OF TABLES

TABLE 1 INCREASING ADOPTION OF SOLENOID VALVES IN FOOD & BEVERAGES INDUSTRY WOULD DRIVE THE MARKET 44
TABLE 2 TECHNICAL PROBLEMS ASSOCAITED WITH SOLENOID VALVES MAY AFFECT THE SOLENOID VALVE MARKET 45
TABLE 3 INCREASING DEMAND FOR SOLENOID VALVES IN WASTE WATER TREATMENT PLANTS MIGHT WITNESS A HUGE OPPORTUNITY FOR THIS INDUSTRY 47
TABLE 4 PORTER’S FIVE FORCES ANALYSIS: LOW DEGREE OF THREAT OF SUBSTITUTES LIKELY TO HAVE MINIMUM IMPACT ON THE OVERALL MARKET IN 2015 50
TABLE 5 SOLENOID VALVE MARKET, BY BODY MATERIAL, 2013–2022 (USD MILLION) 62
TABLE 6 SOLENOID VALVE MARKET, BY BODY MATERIAL, 2013–2022 (MILLION UNITS) 62
TABLE 7 SOLENOID VALVE MARKET FOR STAINLESS STEEL BODY MATERIAL, BY REGION, 2013–2022 (USD MILLION) 63
TABLE 8 SOLENOID VALVE MARKET FOR STAINLESS STEEL BODY MATERIAL, BY REGION, 2013–2022 (THOUSAND UNITS) 64
TABLE 9 SOLENOID VALVE MARKET FOR BRASS BODY MATERIAL, BY REGION, 2013–2022 (USD MILLION) 65
TABLE 10 SOLENOID VALVE MARKET FOR BRASS BODY MATERIAL, BY REGION, 2013–2022 (MILLION UNITS) 65
TABLE 11 SOLENOID VALVE MARKET FOR ALUMINUM BODY MATERIAL, BY REGION, 2013–2022 (USD MILLION) 66
TABLE 12 SOLENOID VALVE MARKET FOR ALUMINUM BODY MATERIAL, BY REGION, 2013–2022 (THOUSAND UNITS) 67
TABLE 13 SOLENOID VALVE MARKET FOR PLASTIC BODY MATERIAL, BY REGION, 2013–2022 (USD MILLION) 68
TABLE 14 SOLENOID VALVE MARKET FOR PLASTIC BODY MATERIAL, BY REGION, 2013–2022 (THOUSAND UNITS) 68
TABLE 15 SOLENOID VALVE MARKET, BY VALVE DESIGN TYPE, 2013–2022 (USD MILLION) 71
TABLE 16 SOLENOID VALVE MARKET FOR 2-WAY VALVE DESIGN TYPE, BY INDUSTRY, 2013–2022 (USD MILLION) 72
TABLE 17 SOLENOID VALVE MARKET FOR 3-WAY VALVE DESIGN TYPE, BY INDUSTRY, 2013–2022 (USD MILLION) 73
TABLE 18 SOLENOID VALVE MARKET FOR 4-WAY VALVE DESIGN TYPE, BY INDUSTRY, 2013–2022 (USD MILLION) 75
TABLE 19 SOLENOID VALVE MARKET FOR 5-WAY VALVE DESIGN TYPE, BY INDUSTRY, 2013–2022 (USD MILLION) 76
TABLE 20 SOLENOID VALVE MARKET, BY INDUSTRY, 2013–2022 (USD MILLION) 79
TABLE 21 SOLENOID VALVE MARKET, BY INDUSTRY, 2013–2022 (MILLION UNITS) 80
TABLE 22 SOLENOID VALVE MARKET FOR OIL & GAS INDUSTRY, BY REGION, 2013–2022 (USD MILLION) 81
TABLE 23 SOLENOID VALVE MARKET FOR OIL & GAS INDUSTRY, BY REGION, 2013–2022 (THOUSAND UNITS) 82
TABLE 24 SOLENOID VALVE MARKET FOR OIL & GAS INDUSTRY, BY VALVE DESIGN TYPE, 2013–2022 (USD MILLION) 83
TABLE 25 SOLENOID VALVE MARKET FOR CHEMICAL & PETROCHEMICAL INDUSTRY, BY REGION, 2013–2022 (USD MILLION) 84
TABLE 26 SOLENOID VALVE MARKET FOR CHEMICAL & PETROCHEMICAL INDUSTRY, BY REGION, 2013–2022 (THOUSAND UNITS) 84
TABLE 27 SOLENOID VALVE MARKET FOR CHEMICAL & PETROCHEMICAL INDUSTRY, BY VALVE DESIGN TYPE, 2013–2022 (USD MILLION) 85
TABLE 28 SOLENOID VALVE MARKET FOR WATER & WASTEWATER INDUSTRY, BY REGION, 2013–2022 (USD MILLION) 86
TABLE 29 SOLENOID VALVE MARKET FOR WATER & WASTEWATER INDUSTRY, BY REGION, 2013–2022 (THOUSAND UNITS) 87
TABLE 30 SOLENOID VALVE MARKET FOR WATER & WASTEWATER INDUSTRY, BY VALVE DESIGN TYPE, 2013–2022 (USD MILLION) 88
TABLE 31 SOLENOID VALVE MARKET FOR FOOD & BEVERAGES INDUSTRY, BY REGION, 2013–2022 (USD MILLION) 89
TABLE 32 SOLENOID VALVE MARKET FOR FOOD & BEVERAGES INDUSTRY, BY REGION, 2013–2022 (THOUSAND UNITS) 89
TABLE 33 SOLENOID VALVE MARKET FOR FOOD & BEVERAGES INDUSTRY, BY VALVE DESIGN TYPE, 2013–2022 (USD MILLION) 90
TABLE 34 SOLENOID VALVE MARKET FOR POWER GENERATION INDUSTRY, BY REGION, 2013–2022 (USD MILLION) 91
TABLE 35 SOLENOID VALVE MARKET FOR POWER GENERATION INDUSTRY, BY REGION, 2013–2022 (THOUSAND UNITS) 92
TABLE 36 SOLENOID VALVE MARKET FOR POWER GENERATION INDUSTRY, BY VALVE DESIGN TYPE, 2013–2022 (USD MILLION) 93
TABLE 37 SOLENOID VALVE MARKET FOR PHARMACEUTICALS INDUSTRY, BY REGION, 2013–2022 (USD MILLION) 94
TABLE 38 SOLENOID VALVE MARKET FOR PHARMACEUTICALS INDUSTRY, BY REGION, 2013–2022 (THOUSAND UNITS) 94
TABLE 39 SOLENOID VALVE MARKET FOR PHARMACEUTICALS INDUSTRY, BY VALVE DESIGN TYPE, 2013–2022 (USD MILLION) 95
TABLE 40 SOLENOID VALVE MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 2013–2022 (USD MILLION) 96
TABLE 41 SOLENOID VALVE MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 2013–2022 (THOUSAND UNITS) 97
TABLE 42 SOLENOID VALVE MARKET FOR AUTOMOTIVE INDUSTRY, BY VALVE DESIGN TYPE, 2013–2022 (USD MILLION) 98
TABLE 43 SOLENOID VALVE MARKET FOR MEDICAL INDUSTRY, BY REGION, 2013–2022 (USD MILLION) 99
TABLE 44 SOLENOID VALVE MARKET FOR MEDICAL INDUSTRY, BY REGION, 2013–2022 (THOUSAND UNITS) 99
TABLE 45 SOLENOID VALVE MARKET FOR MEDICAL INDUSTRY, BY VALVE DESIGN TYPE, 2013–2022 (USD MILLION) 100
TABLE 46 SOLENOID VALVE MARKET FOR OTHER INDUSTRIES, BY REGION, 2013–2022 (USD MILLION) 101
TABLE 47 SOLENOID VALVE MARKET FOR OTHER INDUSTRIES, BY REGION, 2013–2022 (THOUSAND UNITS) 102
TABLE 48 SOLENOID VALVE MARKET FOR OTHERS INDUSTRY, BY VALVE DESIGN, 2013–2022 (USD MILLION) 103
TABLE 49 SOLENOID VALVE MARKET, BY REGION, 2013–2022 (USD MILLION) 106
TABLE 50 SOLENOID VALVE MARKET, BY REGION, 2013–2022 (MILLION UNITS) 106
TABLE 51 SOLENOID VALVE MARKET IN AMERICAS, BY REGION, 2013–2022 (USD MILLION) 108
TABLE 52 SOLENOID VALVE MARKET IN NORTH AMERICA, BY COUNTRY, 2013–2022 (USD MILLION) 109
TABLE 53 SOLENOID VALVE MARKET IN AMERICAS, BY INDUSTRY, 2013–2022 (USD MILLION) 111
TABLE 54 SOLENOID VALVE MARKET IN AMERICAS, BY INDUSTRY, 2013–2022 (THOUSAND UNITS) 112
TABLE 55 SOLENOID VALVE MARKET IN AMERICAS, BY BODY MATERIAL, 2013–2022 (USD MILLION) 113
TABLE 56 SOLENOID VALVE MARKET IN AMERICAS, BY BODY MATERIAL, 2013–2022 (THOUSAND UNITS) 114
TABLE 57 SOLENOID VALVE MARKET IN EUROPE, BY COUNTRY, 2013–2022 (USD MILLION) 118
TABLE 58 SOLENOID VALVE MARKET IN EUROPE, BY INDUSTRY, 2013–2022 (USD MILLION) 119
TABLE 59 SOLENOID VALVE MARKET IN EUROPE, BY INDUSTRY, 2013–2022 (THOUSAND UNITS) 120
TABLE 60 SOLENOID VALVE MARKET IN EUROPE, BY BODY MATERIAL, 2013–2022 (USD MILLION) 121
TABLE 61 SOLENOID VALVE MARKET IN EUROPE, BY BODY MATERIAL, 2013–2022 (THOUSAND UNITS) 121
TABLE 62 SOLENOID VALVE MARKET IN APAC, BY COUNTRY, 2013–2022 (USD MILLION) 125
TABLE 63 SOLENOID VALVE MARKET IN APAC, BY INDUSTRY, 2013–2022 (USD MILLION) 126
TABLE 64 SOLENOID VALVE MARKET IN APAC, BY INDUSTRY, 2013–2022 (THOUSAND UNITS) 127
TABLE 65 SOLENOID VALVE MARKET IN APAC, BY BODY MATERIAL, 2013–2022 (USD MILLION) 128
TABLE 66 SOLENOID VALVE MARKET IN APAC, BY BODY MATERIAL, 2013–2022 (THOUSAND UNITS) 128
TABLE 67 SOLENOID VALVE MARKET IN ROW, BY REGION, 2013–2022 (USD MILLION) 130
TABLE 68 SOLENOID VALVE MARKET IN ROW, BY INDUSTRY, 2013–2022 (USD MILLION) 131
TABLE 69 SOLENOID VALVE MARKET IN ROW, BY INDUSTRY,
2013–2022 (THOUSAND UNITS) 132
TABLE 70 SOLENOID VALVES MARKET IN ROW, BY BODY MATERIAL, 2013–2022 (USD MILLION) 133
TABLE 71 SOLENOID VALVES MARKET IN ROW, BY BODY MATERIAL, 2013–2022 (THOUSAND UNITS) 133
TABLE 72 MARKET RANKING OF THE TOP 5 PLAYERS IN THE SOLENOID VALVE MARKET IN 2015 135
TABLE 73 NEW PRODUCT LAUNCHES, 2014–2015 137
TABLE 74 CONTRACTS, AGREEMENTS & PARTNERSHIPS, 2014–2015 138

LIST OF FIGURES

FIGURE 1 OVERVIEW OF THE MICROMARKETS COVERED 17
FIGURE 2 SOLENOID VALVE MARKET: RESEARCH DESIGN 20
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 25
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 26
FIGURE 5 DATA TRIANGULATION 27
FIGURE 6 SOLENOID VALVE MARKET, 2013–2022 (IN TERMS OF VALUE AND VOLUME) 30
FIGURE 7 SOLENOID VALVE MARKET FOR THE CHEMICAL & PETROCHEMICAL INDUSTRY EXPECTED TO WITNESS THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD 31
FIGURE 8 SOLENOID VALVES WITH BRASS BODY MATERIAL EXPECTED TO HOLD THE LARGEST MARKET SIZE BETWEEN 2016 AND 2022 32
FIGURE 9 SOLENOID VALVES WITH BRASS BODY MATERIAL EXPECTED TO HOLD THE LARGEST MARKET SIZE BETWEEN 2016 AND 2022 32
FIGURE 10 3-WAY DESIGN SOLENOID VALVES EXPECTED TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 33
FIGURE 11 SOLENOID VALVE MARKET, BY REGION, 2015 34
FIGURE 12 INCREASING ADOPTION OF SOLENOID VALVES FOR WATER & WASTEWATER TREATMENT INDUSTRY EXPECTED TO DRIVE THE MARKET DURING THE FORECAST PERIOD 35
FIGURE 13 THE CHEMICAL & PETROCHEMICAL INDUSTRY EXPECTED TO DOMINATE THE SOLENOID VALVE MARKET IN 2016 36
FIGURE 14 THE CHEMICAL & PETROCHEMICAL INDUSTRY EXPECTED TO DOMINATE THE SOLENOID VALVE MARKET IN THE APAC REGION IN 2015 36
FIGURE 15 THE SOLENOID VALVE MARKET IN THE APAC REGION EXPERIENCED THE GROWTH PHASE IN 2015 37
FIGURE 16 MARKET DYNAMICS: OVERVIEW 42
FIGURE 17 GLOBAL RENEWABLE ENERGY CAPACITY (INSTALLED) 44
FIGURE 18 MAJOR VALUE ADDED DURING THE MANUFACTURING AND ASSEMBLY PHASES 48
FIGURE 19 THE PORTER’S FIVE FORCES ANALYSIS (2015) 49
FIGURE 20 SOLENOID VALVE MARKET: PORTER’S FIVE FORCES ANALYSIS 50
FIGURE 21 INTENSITY OF COMPETITIVE RIVALRY: MEDIUM COMPETITION IN THE MARKET OWING TO THE PRESENCE OF WELL-ESTABLISHED PLAYERS 51
FIGURE 22 THREAT OF SUBSTITUTES WOULD BE MEDIUM DUE TO THE BUYERS PROPENSITY TO SUBSTITUTE 52
FIGURE 23 BARGAINING POWER OF BUYERS EXPECTED TO BE MEDIUM OWING
TO THE AVAILABILITY OF WIDE RANGE OF SOLENOID VALVES IN THE MARKET 53
FIGURE 24 BARGAINING POWER OF SUPPLIERS EXPECTED TO BE LOW DUE TO THE PRESENCE OF SUBSTANTIAL PLAYERS 54
FIGURE 25 NEW ENTRANTS LESS LIKELY TO ENTER THIS MARKET OWING TO THE RETALIATION FROM ALREADY EXISTING FIRMS 55
FIGURE 26 STRATEGIC BENCHMARKING: KEY PLAYERS LARGELY ADOPTED ORGANIC GROWTH STRATEGIES FOR NEW PRODUCT AND TECHNOLOGY DEVELOPMENT 56
FIGURE 27 OPERATING PRINCIPLES OF SOLENOID VALVES 58
FIGURE 28 SOLENOID VALVE MARKET, BY BODY MATERIAL 61
FIGURE 29 BRASS BODY MATERIAL EXPECTED TO HOLD THE LARGEST SIZE OF THE SOLENOID VALVE MARKET DURING THE FORECAST PERIOD 61
FIGURE 30 AMERICAS EXPECTED TO HOLD THE LARGEST MARKET SIZE FOR THE STAINLESS STEEL SOLENOID BODY MATERIAL MARKET DURING THE FORECAST PERIOD 63
FIGURE 31 APAC EXPECTED TO GROW AT THE HIGHEST RATE IN THE BRASS SOLENOID BODY MATERIAL MARKET DURING THE FORECAST PERIOD 64
FIGURE 32 APAC EXPECTED TO GROW AT THE HIGHEST RATE IN THE BRASS SOLENOID BODY MATERIAL MARKET DURING THE FORECAST PERIOD 66
FIGURE 33 REST OF THE WORLD EXPECTED TO WITNESS THE HIGHEST GROWTH RATE
FOR PLASTIC SOLENOID VALVES MARKET DURING THE FORECAST PERIOD 67
FIGURE 34 SOLENOID VALVE MARKET, BY VALVE DESIGN TYPE 70
FIGURE 35 2-WAY SOLENOID VALVES EXPECTED TO HOLD THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD 70
FIGURE 36 CHEMICAL & PETROCHEMICAL INDUSTRY EXPECTED TO HOLD THE LARGEST SIZE OF THE 2-WAY SOLENOID VALVE DESIGN BETWEEN 2016 AND 2022 71
FIGURE 37 WATER & WASTEWATER INDUSTRY EXPECTED TO GROW AT THE HIGHEST RATE IN THE 3-WAY SOLENOID VALVE DESIGN MARKET DURING THE FORECAST PERIOD 73
FIGURE 38 OIL & GAS INDUSTRY EXPECTED TO HOLD THE LARGEST SIZE IN THE 4-WAY SOLENOID DESIGN VALVES MARKET BETWEEN 2016 AND 2022 74
FIGURE 39 FOOD & BEVERAGES INDUSTRY EXPECTED TO HOLD THE LARGEST SIZE IN THE 5-WAY SOLENOID DESIGN VALVES MARKET DURING THE FORECAST PERIOD 76
FIGURE 40 SOLENOID VALVE MARKET: BY INDUSTRY 78
FIGURE 41 SOLENOID VALVE MARKET FOR THE CHEMICAL & PETROCHEMICAL INDUSTRY IS EXPECTED TO HOLD THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD 79
FIGURE 42 AMERICAS EXPECTED TO HOLD THE LARGEST MARKET SIZE IN THE OIL & GAS INDUSTRY DURING THE FORECAST PERIOD 81
FIGURE 43 2-WAY SOLENOID VALVES ARE EXPECTED TO HOLD THE LARGEST MARKET SIZE IN THE OIL & GAS INDUSTRY DURING THE FORECAST PERIOD 82
FIGURE 44 ROW REGION EXPECTED TO GROW AT THE HIGHEST RATE IN THE CHEMICAL & PETROCHEMICAL INDUSTRY BETWEEN 2016 AND 2022 83
FIGURE 45 3-WAY SOLENOID VALVES ARE EXPECTED TO GROW AT THE HIGHEST RATE IN THE CHEMICAL & PETROCHEMICAL INDUSTRY DURING THE FORECAST PERIOD 85
FIGURE 46 MARKET IN APAC EXPECTED TO GROW AT THE HIGHEST RATE IN THE WATER & WASTEWATER INDUSTRY DURING THE FORECAST PERIOD 86
FIGURE 47 2-WAY SOLENOID VALVES EXPECTED TO HOLD THE LARGEST MARKET SIZE IN THE WATER & WASTEWATER INDUSTRY BETWEEN 2016 AND 2022 87
FIGURE 48 AMERICAS EXPECTED TO HOLD THE LARGEST MARKET IN THE FOOD & BEVERAGES INDUSTRY DURING THE FORECAST PERIOD 88
FIGURE 49 3-WAY SOLENOID VALVES ARE EXPECTED TO WITNESS THE HIGHEST GROWTH
IN THE FOOD & BEVERAGES INDUSTRY BETWEEN 2016 AND 2022 90
FIGURE 50 APAC REGION EXPECTED TO GROW AT THE HIGHEST RATE IN THE POWER GENERATION INDUSTRY DURING THE FORECAST PERIOD 91
FIGURE 51 SOLENOID VALVE MARKET FOR THE CHEMICAL & PETROCHEMICAL INDUSTRY
IS EXPECTED TO HOLD THE LARGEST SIZE DURING THE FORECAST PERIOD 92
FIGURE 52 MARKET IN APAC REGION EXPECTED TO WITNESS THE HIGHEST GROWTH RATE
IN THE PHARMACEUTICAL INDUSTRY BETWEEN 2016 AND 2022 93
FIGURE 53 3-WAY SOLENOID VALVES ARE EXPECTED TO GROW AT A HIGHEST CAGR
IN THE PHARMACEUTICALS INDUSTRY DURING THE FORECAST PERIOD 95
FIGURE 54 EUROPE EXPECTED TO HOLD THE LARGEST MARKET SIZE IN THE AUTOMOTIVE INDUSTRY BETWEEN 2016 AND 2022 96
FIGURE 55 2-WAY SOLENOID VALVES ARE EXPECTED TO HOLD THE LARGEST SIZE IN THE AUTOMOTIVE INDUSTRY BETWEEN 2016 AND 2022 97
FIGURE 56 EUROPE EXPECTED TO HOLD THE LARGEST MARKET SIZE OF THE MEDICAL INDUSTRY DURING THE FORECAST PERIOD 98
FIGURE 57 2-WAY SOLENOID VALVES EXPECTED TO HOLD THE LARGEST MARKET SIZE IN THE MEDICAL INDUSTRY BETWEEN 2016 AND 2022 100
FIGURE 58 AMERICAS EXPECTED TO HOLD THE LARGEST MARKET SIZE IN THE OTHER INDUSTRIES DURING THE FORECAST PERIOD 101
FIGURE 59 2-WAY SOLENOID VALVES ARE EXPECTED TO HOLD THE LARGEST MARKET SIZE OF THE OTHER INDUSTRIES DURING THE FORECAST PERIOD 102
FIGURE 60 SOLENOID VALVE MARKET, BY REGION 105
FIGURE 61 AMERICAS EXPECTED TO DOMINATE THE SOLENOID VALVE MARKET DURING THE FORECAST PERIOD 105
FIGURE 62 AMERICAS: SOLENOID VALVE MARKET SNAPSHOT 107
FIGURE 63 THE SOLENOID VALVE MARKET IN THE AMERICAS 108
FIGURE 64 THE SOLENOID VALVE MARKET IN THE U.S. EXPECTED TO HOLD THE LARGEST SIZE DURING THE FORECAST PERIOD 109
FIGURE 65 WATER & WASTEWATER INDUSTRY EXPECTED TO DOMINATE THE SOLENOID VALVE MARKET IN THE AMERICAS BETWEEN 2016 AND 2022 111
FIGURE 66 BRASS SOLENOID VALVES EXPECTED TO HOLD THE LARGEST MARKET IN THE SOLENOID VALVE MARKET IN THE AMERICAS DURING THE FORECAST PERIOD 113
FIGURE 67 EUROPE: SOLENOID VALVE MARKET SNAPSHOT 115
FIGURE 68 THE SOLENOID VALVE MARKET IN EUROPE 116
FIGURE 69 GERMANY EXPECTED TO HOLD THE MAJOR MARKET FOR SOLENOID VALVES IN EUROPE BETWEEN 2016 AND 2022 118
FIGURE 70 AUTOMOTIVE INDUSTRY EXPECTED TO HOLD THE MAJOR MARKET FOR SOLENOID VALVES IN EUROPE BETWEEN 2016 AND 2022 119
FIGURE 71 BRASS SOLENOID VALVES EXPECTED TO HOLD THE MAJOR MARKET FOR SOLENOID VALVES IN EUROPE BETWEEN 2016 AND 2022 120
FIGURE 72 APAC: SOLENOID VALVE MARKET SNAPSHOT 122
FIGURE 73 THE SOLENOID VALVE MARKET IN ASIA-PACIFIC 123
FIGURE 74 INDIA EXPECTED TO WITNESS THE HIGHEST GROWTH RATE IN THE SOLENOID VALVE MARKET IN THE APAC REGION BETWEEN 2016 AND 2022 125
FIGURE 75 WATER & WASTEWATER INDUSTRY EXPECTED TO WITNESS THE HIGHEST GROWTH RATE IN THE SOLENOID VALVE MARKET IN THE APAC REGION BETWEEN 2016 AND 2022 126
FIGURE 76 BRASS SOLENOID VALVES EXPECTED TO HOLD THE LARGEST MARKET OF THE SOLENOID VALVE MARKET IN APAC BETWEEN 2016 AND 2022 127
FIGURE 77 THE SOLENOID VALVE MARKETS IN THE ROW 129
FIGURE 78 MIDDLE EAST TO HOLD THE LARGEST MARKET FOR SOLENOID VALVES IN ROW DURING THE FORECAST PERIOD 130
FIGURE 79 MIDDLE EAST TO HOLD THE LARGEST MARKET FOR SOLENOID VALVES IN ROW DURING THE FORECAST PERIOD 131
FIGURE 80 ALUMINUM SOLENOID VALVES EXPECTED TO GROW AT THE HIGHEST RATE IN THE SOLENOID VALVES MARKET IN ROW DURING THE FORECAST PERIOD 132
FIGURE 81 KEY GROWTH STRATEGIES ADOPTED BY THE TOP COMPANIES BETWEEN 2013 AND 2015 134
FIGURE 82 MARKET EVALUATION FRAMEWORK: NEW PRODUCT LAUNCHES FUELLED THE GROWTH AND INNOVATION BETWEEN 2013 AND 2015 136
FIGURE 83 BATTLE FOR MARKET SHARE: NEW PRODUCT LAUNCHES WAS THE KEY STRATEGY 137
FIGURE 84 GEOGRAPHIC REVENUE MIX OF MAJOR PLAYERS IN THE SOLENOID VALVE MARKET 139
FIGURE 85 ASCO VALVE, INC.: SWOT ANALYSIS 142
FIGURE 86 CHRISTIAN BάRKERT GMBH & CO. KG: SWOT ANALYSIS 144
FIGURE 87 CURTISS-WRIGHT CORPORATION: COMPANY SNAPSHOT 145
FIGURE 88 DANFOSS A/S: COMPANY SNAPSHOT 147
FIGURE 89 DANFOSS A/S: SWOT ANALYSIS 149
FIGURE 90 IMI PLC: COMPANY SNAPSHOT 151
FIGURE 91 IMI PLC: SWOT ANALYSIS 153
FIGURE 92 PARKER HANNIFIN CORPORATION: COMPANY SNAPSHOT 154
FIGURE 93 PARKER HANNIFIN CORPORATION: SWOT ANALYSIS 156
FIGURE 94 SMC CORPORATION: COMPANY SNAPSHOT 158


If the above report does not have the information suitable for your business, we can provide custom research that can be lucrative for your business or enhance your profession.