The global solenoid valve market is competitive with the presence of small, medium-to-large well-established players offering a wide range of solenoid valve systems to cater to the diverse customer needs. Over the past few years, the solenoid valve market has been growing at a moderate rate as most of the industries have widely adopted the solenoid valves. Some of the major companies profiled in this solenoid valve market report are 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. (Netherlands), SMC Corporation (Japan), and The Lee Company (U.S.).
The key solenoid valve providers from North America and Europe led the solenoid valve market in 2015. These companies have been providing their offerings worldwide and are focusing on expanding their positions in the key markets in APAC and RoW. Some of the major companies have adopted strategies such as mergers & acquisitions, partnerships, agreements, collaborations, new product launches, capacity expansions, and joint ventures to expand their global presence and increase their market share.
The oil & gas, chemical & petrochemical, water & wastewater, food & beverages, pharmaceuticals, power generation, and automotive are some of the major industries considered for the solenoid valve market. The solenoid valve market for the chemical & petrochemical industry is expected to grow significantly during the forecast period. ASCO Valve, Inc. (U.S.), and Christian Bürkert GmbH & Co. KG (Germany) have a wide presence in the global solenoid valve market and are expected to launch several new products and services customized to various end user needs by 2022.
ASCO Valve, Inc. (U.S.) is one of the leading manufacturers of various industrial valves. The company offers a wide range of solenoid valves catering to various end users. The company over the years has launched several products and aims to strengthen its market presence with the wide range of strategic initiatives such as new product launches. In April 2016, the company introduced the Numatics 580 CHARacterization Module (CHARM) node for solenoid valve that is integrated into Emerson’s DeltaV S-series distributed control system (DCS) with Electronic Marshalling technology. This Numatics CHARM node offers additional functionality to various industries such as life science, pharmaceutical, and biotech among others that utilize Electronic Marshalling technology for continuous or batch manufacturing processes. Additionally, in January 2015, the company launched its 8215 series product portfolio which is ideal for low-pressure applications such as oil & gas industry. Therefore, initiatives such as these enable the company to expand its products worldwide, thereby catering to wide range of customer requirements.
Christian Bürkert GmbH & Co. KG (Germany) offers a wide range of solenoid valves, process and control valves, pneumatics, and process interfaces among others. The company is one of the leading manufactures of fluid control systems. It intends to majorly focus on expanding its products and services through organic and inorganic growth strategies. In May 2015, the company planned to start its new facility at Ingelfingen, Germany. This facility includes a production unit, training offices, and 18-metre high-bay warehouse. Additionally, in February 2015, it introduced an online shopping feature on its websites integrated with products along with application area. Therefore, initiatives such as these may help the company introduce innovative products that would cater to wide range of customers worldwide.
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
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