A solenoid valve is an electromechanically controlled valve that regulates the rate at which fluid flows through a system. These devices use a magnetic reaction to transfer electrical energy to mechanical energy when an electric current flows through the wire in the solenoid. Solenoid valves are becoming increasingly popular in the medical device business. Solenoid valves are used in the medical device sector for a variety of reasons, including efficiency, better temperature management, increased product longevity, and component miniaturization. The global Solenoid Valve market is expected to rise at a considerable rate in the coming years. The demand for reliable and cost-effective miniature valves with low leak rates is driving the global solenoid valves market in the medical device industry. In addition, technological developments and the trend of miniaturization of components are expected to propel the global market in the next years.
On the other hand, technical failures of solenoid valves such as the presence of dirt particles, inaccurate flow, and pressure, burning of a coil, damaged seals, and product recalls are expected to hinder the growth of the global solenoid valves market in the forecast period. Besides this, increasing investment in R&D by key players and strategic alliances by leading companies are anticipated to provide lucrative opportunities in the global market.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Valve Type, Application, End-User, and Regionn |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Peter Paul Electronics Co., Inc., Parker Hannifin Corp, ASCO Valve, Inc., Fim Valvole s.r.l., Emerson, LISK IRELAND LIMITED, Kendrion, Humphrey Products Corporation, Bürkert Fluid Control Systems, NSF Controls Ltd. |
Covid-19 Impact on Solenoid Valve Market
In addition, the current Empty Capsules Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Empty Capsules Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Solenoid Valve Market Segment Overview
Based on the Valve Type, the three-way segment grasps a major share of the global Solenoid Valve market followed by the two-way segment. According to Material Type, the Stainless-Steel segment holds a major share of the Solenoid Valve market. This is due to the higher demand for stainless steel for manufacturing solenoid valves.
Solenoid Valve Market, By Valve Type
· Two-Way
· Three-Way
· Four-Way
· Others
Solenoid Valve Market, By Material Type
· Plastic
· Stainless Steel
· Others
Solenoid Valve Market, By Application
· Anesthesia Machines
· Respiratory Devices
· Dialysis Machines
· Drug Delivery Machines
· Pressure Relieving Devices
· Intensive Care Unit Devices
· Dental Chairs
· Others (Including Massage Equipment and Hair Removal Devices)
Solenoid Valve Market, By End-User
· Medical Device Manufacturers
· Contract Research Organizations
· Others
Solenoid Valve Market Regional Overview
Region-Wise, North America, and Europe are the largest region in the global solenoid valves market. This is because of the strong research & development infrastructure, firm health care system, presence of key players, and technological progressions in these regions. The market in the Asia Pacific is expected to grow at a significant rate in coming years. China and Japan held a huge share of the solenoid valves market in the medical device industry in the Asia Pacific. In addition to this, the market in India is projected to enlarge at a noteworthy CAGR in the forthcoming years due to the presence of firm domestic players.
Solenoid Valve Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Solenoid Valve Market, Key Players
· Peter Paul Electronics Co., Inc.
· Parker Hannifin Corp
· ASCO Valve, Inc.
· Fim Valvole s.r.l.
· Emerson
· LISK IRELAND LIMITED
· Kendrion
· Humphrey Products Corporation
· Bürkert Fluid Control Systems
· NSF Controls Ltd
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the Solenoid Valve market?
Q2. Which Segments are covered in the Solenoid Valve Market report?
Q3. Which segment is projected to hold the largest share in the Solenoid Valve Market?
Q4. Which region holds the largest share in the Solenoid Valve market?
Q5. Which are the prominent players in the Solenoid Valve Market?
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Solenoid Valve Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Valve Type
- 5.2.1. Two-Way
- 5.2.2. Three-Way
- 5.2.3. Four-Way
- 5.2.4. Others
- 5.3. Market Analysis, Insights and Forecast – By Material Type
- 5.3.1. Plastic
- 5.3.2. Stainless Steel
- 5.3.3. Others
- 5.4. Market Analysis, Insights and Forecast – By Application
- 5.4.1. Anesthesia Machines
- 5.4.2. Respiratory Devices
- 5.4.3. Dialysis Machines
- 5.4.4. Drug Delivery Machines
- 5.4.5. Pressure Relieving Devices
- 5.4.6. Intensive Care Unit Devices
- 5.4.7. Dental Chairs
- 5.4.8. Others (Including Massage Equipment and Hair Removal Devices)
- 5.5. Market Analysis, Insights and Forecast – By End-User
- 5.5.1. Medical Device Manufacturers
- 5.5.2. Contract Research Organizations
- 5.5.3. Others
- 5.6. Market Analysis, Insights and Forecast – By Region
- 5.6.1. North America
- 5.6.2. Europe
- 5.6.3. Asia Pacific
- 5.6.4. Latin America, Middle East and Africa
6. North America Solenoid Valve Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Valve Type
- 6.2.1. Two-Way
- 6.2.2. Three-Way
- 6.2.3. Four-Way
- 6.2.4. Others
- 6.3. Market Analysis, Insights and Forecast – By Material Type
- 6.3.1. Plastic
- 6.3.2. Stainless Steel
- 6.3.3. Others
- 6.4. Market Analysis, Insights and Forecast – By Application
- 6.4.1. Anesthesia Machines
- 6.4.2. Respiratory Devices
- 6.4.3. Dialysis Machines
- 6.4.4. Drug Delivery Machines
- 6.4.5. Pressure Relieving Devices
- 6.4.6. Intensive Care Unit Devices
- 6.4.7. Dental Chairs
- 6.4.8. Others (Including Massage Equipment and Hair Removal Devices)
- 6.5. Market Analysis, Insights and Forecast – By End-User
- 6.5.1. Medical Device Manufacturers
- 6.5.2. Contract Research Organizations
- 6.5.3. Others
- 6.6. Market Analysis, Insights and Forecast – By Country
- 6.6.1. U.S.
- 6.6.2. Canada
7. Europe Solenoid Valve Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Valve Type
- 7.2.1. Two-Way
- 7.2.2. Three-Way
- 7.2.3. Four-Way
- 7.2.4. Others
- 7.3. Market Analysis, Insights and Forecast – By Material Type
- 7.3.1. Plastic
- 7.3.2. Stainless Steel
- 7.3.3. Others
- 7.4. Market Analysis, Insights and Forecast – By Application
- 7.4.1. Anesthesia Machines
- 7.4.2. Respiratory Devices
- 7.4.3. Dialysis Machines
- 7.4.4. Drug Delivery Machines
- 7.4.5. Pressure Relieving Devices
- 7.4.6. Intensive Care Unit Devices
- 7.4.7. Dental Chairs
- 7.4.8. Others (Including Massage Equipment and Hair Removal Devices)
- 7.5. Market Analysis, Insights and Forecast – By End-User
- 7.5.1. Medical Device Manufacturers
- 7.5.2. Contract Research Organizations
- 7.5.3. Others
- 7.6. Market Analysis, Insights and Forecast – By Country
- 7.6.1. UK
- 7.6.2. Germany
- 7.6.3. France
- 7.6.4. Italy
- 7.6.5. Spain
- 7.6.6. Russia
- 7.6.7. Rest of Europe
8. Asia Pacific Solenoid Valve Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Valve Type
- 8.2.1. Two-Way
- 8.2.2. Three-Way
- 8.2.3. Four-Way
- 8.2.4. Others
- 8.3. Market Analysis, Insights and Forecast – By Material Type
- 8.3.1. Plastic
- 8.3.2. Stainless Steel
- 8.3.3. Others
- 8.4. Market Analysis, Insights and Forecast – By Application
- 8.4.1. Anesthesia Machines
- 8.4.2. Respiratory Devices
- 8.4.3. Dialysis Machines
- 8.4.4. Drug Delivery Machines
- 8.4.5. Pressure Relieving Devices
- 8.4.6. Intensive Care Unit Devices
- 8.4.7. Dental Chairs
- 8.4.8. Others (Including Massage Equipment and Hair Removal Devices)
- 8.5. Market Analysis, Insights and Forecast – By End-User
- 8.5.1. Medical Device Manufacturers
- 8.5.2. Contract Research Organizations
- 8.5.3. Others
- 8.6. Market Analysis, Insights and Forecast – By Country
- 8.6.1. China
- 8.6.2. India
- 8.6.3. Japan
- 8.6.4. Australia
- 8.6.5. South East Asia
- 8.6.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Solenoid Valve Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Valve Type
- 9.2.1. Two-Way
- 9.2.2. Three-Way
- 9.2.3. Four-Way
- 9.2.4. Others
- 9.3. Market Analysis, Insights and Forecast – By Material Type
- 9.3.1. Plastic
- 9.3.2. Stainless Steel
- 9.3.3. Others
- 9.4. Market Analysis, Insights and Forecast – By Application
- 9.4.1. Anesthesia Machines
- 9.4.2. Respiratory Devices
- 9.4.3. Dialysis Machines
- 9.4.4. Drug Delivery Machines
- 9.4.5. Pressure Relieving Devices
- 9.4.6. Intensive Care Unit Devices
- 9.4.7. Dental Chairs
- 9.4.8. Others (Including Massage Equipment and Hair Removal Devices)
- 9.5. Market Analysis, Insights and Forecast – By End-User
- 9.5.1. Medical Device Manufacturers
- 9.5.2. Contract Research Organizations
- 9.5.3. Others
- 9.6. Market Analysis, Insights and Forecast – By Country
- 9.6.1. Brazil
- 9.6.2. Saudi Arabia
- 9.6.3. UAE
- 9.6.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Peter Paul Electronics Co., Inc.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Parker Hannifin Corp
- 10.6. ASCO Valve, Inc.
- 10.7. Fim Valvole s.r.l.
- 10.8. Emerson
- 10.9. LISK IRELAND LIMITED
- 10.10. Kendrion
- 10.11. Humphrey Products Corporation
- 10.12. Bürkert Fluid Control Systems
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
