Product Code: GVR-4-68040-363-2
Solenoid Valves Market Size & Trends
The global solenoid valves market size was estimated at USD 4.88 billion in 2023 and is forecasted to grow at a CAGR of 3.8% from 2024 to 2030. This growth is attributed to the expansion of various end-use industries such as oil & gas, chemical & petrochemical, food & beverage, power generation, and automotive, coupled with industrial automation across these sectors. Automation requires precise control over fluid flow, which solenoid valves provide efficiently, increasing their market use.
Ongoing advancements in solenoid valve technology, including the development of smart and IoT-enabled valves, offer new opportunities for product growth. These advanced valves provide real-time monitoring, predictive maintenance, and enhanced control, aligning with the latest market trends. Furthermore, the growing demand for customized and application-specific solenoid valves presents opportunities for manufacturers to develop tailored solutions. Companies can differentiate themselves in this competitive market by addressing unique customer requirements and providing specialized products.
High initial costs associated with the installation and maintenance of solenoid valves are expected to restrain growth, which can limit their adoption in cost-sensitive industries. In addition, this product may face operational limitations under certain conditions, such as high-pressure and high-temperature environments, which can restrict its usage in specific applications and industries.
The market also includes alternative flow control technologies, such as manual valves, pneumatic actuators, and electric actuators, which pose a challenge to product growth. However, the increasing focus on sustainability and energy efficiency creates opportunities for solenoid valves designed to reduce energy consumption and environmental impact over the coming years.
Global Solenoid Valves Market Report Segmentation
This report forecasts revenue growth at global, regional & country levels and provides an analysis of the industry trends in each of the segments from 2018 to 2030. For this study, Grand View Research has segmented the global solenoid valves market based on material, function, end use, and region:
- Material Outlook (Revenue, USD Million, 2018 - 2030)
- Stainless Steel
- Brass
- Aluminum
- Plastic
- Function Outlook (Revenue, USD Million, 2018 - 2030)
- 2 Way
- 3 Way
- 4 Way
- Other Functions
- End-use Outlook (Revenue, USD Million, 2018 - 2030)
- Oil & gas
- Chemical & Petrochemical
- Water & Wastewater
- Food & Beverages
- Power Generation
- Pharmaceuticals
- Automotive
- Other End Uses
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
China
Japan
India
South Korea
Brazil
Argentina
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Scope & Assumption
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook, 2023 (USD Million)
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Solenoid Valves Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Solenoid Valves Market - Value Chain Analysis
- 3.3. Solenoid Valves Market - Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunity Analysis
- 3.3.4. Market Challenge Analysis
- 3.4. Regulatory Framework
- 3.5. Solenoid Valves Market - Business Environment Analysis
- 3.5.1. PESTLE Analysis
- 3.5.2. Porter's Five Forces Analysis
- 3.6. Market Disruption Analysis
Chapter 4. Solenoid Valves Market: Material Type Estimates & Trend Analysis
- 4.1. Key Takeaways
- 4.2. Material Movement Analysis & Market Share, 2023 & 2030
- 4.3. Solenoid Valves Market By Material, 2018 - 2030 (USD Million)
- 4.4. Stainless Steel
- 4.4.1. Stainless Steel Solenoid valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 4.5. Brass
- 4.5.1. Brass Solenoid valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 4.6. Aluminum
- 4.6.1. Aluminum Solenoid valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 4.7. Plastic
- 4.7.1. Plastic Solenoid valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Solenoid Valves Market: Function Estimates & Trend Analysis
- 5.1. Key Takeaways
- 5.2. Function Movement Analysis & Market Share, 2023 & 2030
- 5.3. Solenoid Valves Market By Function, 2018 - 2030 (USD Million)
- 5.4. 2 Way
- 5.4.1. 2 Way Solenoid Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 5.5. 3 Way
- 5.5.1. 3 Way Solenoid Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 5.6. 4 Way
- 5.6.1. 4 Way Solenoid Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 5.7. Other Functions
- 5.7.1. Solenoid Valves Market Estimates & Forecasts, by Other Functions, 2018 - 2030 (USD Million)
Chapter 6. Solenoid Valves Market: End Use Estimates & Trend Analysis
- 6.1. Key Takeaways
- 6.2. End Use Movement Analysis & Market Share, 2023 & 2030
- 6.3. Solenoid Valves Market By End Use, 2018 - 2030 (USD Million)
- 6.4. Oil & gas
- 6.4.1. Solenoid Valves Market Estimates & Forecasts, by Oil & Gas, 2018 - 2030 (USD Million)
- 6.5. Chemical & Petrochemical
- 6.5.1. Solenoid Valves Market Estimates & Forecasts, by Chemical & Petrochemical, 2018 - 2030 (USD Million)
- 6.6. Water & Wastewater
- 6.6.1. Solenoid Valves Market Estimates & Forecasts, by Water & Wastewater, 2018 - 2030 (USD Million)
- 6.7. Food & Beverages
- 6.7.1. Solenoid Valves Market Estimates & Forecasts, by Food & Beverage, 2018 - 2030 (USD Million)
- 6.8. Power Generation
- 6.8.1. Solenoid Valves Market Estimates & Forecasts, by Power Generation, 2018 - 2030 (USD Million)
- 6.9. Pharmaceuticals
- 6.9.1. Solenoid Valves Market Estimates & Forecasts, by Pharmaceuticals, 2018 - 2030 (USD Million)
- 6.10. Automotive
- 6.10.1. Solenoid Valves Market Estimates & Forecasts, by Automotive, 2018 - 2030 (USD Million)
- 6.11. Other End Uses
- 6.11.1. Solenoid Valves Market Estimates & Forecasts, by Other End Uses, 2018 - 2030 (USD Million)
Chapter 7. Solenoid Valves Insulation Market: Regional Estimates & Trend Analysis
- 7.1. Key Takeaways
- 7.2. Regional Market Share Analysis, 2023 & 2030
- 7.3. Market Estimates & Forecasts by Region, 2018 - 2030 (USD Million)
- 7.4. North America
- 7.4.1. North America Solenoid Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.4.2. North America Solenoid Valves Market Estimates & Forecasts, by Material, 2018 - 2030 (USD Million)
- 7.4.3. North America Solenoid Valves Market Estimates & Forecasts, by Function, 2018 - 2030 (USD Million)
- 7.4.4. North America Solenoid Valves Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.4.5. U.S.
- 7.4.5.1. U.S. Solenoid Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.4.5.2. U.S. Solenoid Valves Market Estimates & Forecasts, by Material, 2018 - 2030 (USD Million)
- 7.4.5.3. U.S. Solenoid Valves Market Estimates & Forecasts, by Function, 2018 - 2030 (USD Million)
- 7.4.5.4. U.S. Solenoid Valves Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.4.6. Canada
- 7.4.6.1. Canada Solenoid Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.4.6.2. Canada Solenoid Valves Market Estimates & Forecasts, by Material, 2018 - 2030 (USD Million)
- 7.4.6.3. Canada Solenoid Valves Market Estimates & Forecasts, by Function, 2018 - 2030 (USD Million)
- 7.4.6.4. Canada Solenoid Valves Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.4.7. Mexico
- 7.4.7.1. Mexico Solenoid Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.4.7.2. Mexico Solenoid Valves Market Estimates & Forecasts, by Material, 2018 - 2030 (USD Million)
- 7.4.7.3. Mexico Solenoid Valves Market Estimates & Forecasts, by Function, 2018 - 2030 (USD Million)
- 7.4.7.4. Mexico Solenoid Valves Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.5. Europe
- 7.5.1. Europe Solenoid Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.5.2. Europe Solenoid Valves Market Estimates & Forecasts, by Material, 2018 - 2030 (USD Million)
- 7.5.3. Europe Solenoid Valves Market Estimates & Forecasts, by Function, 2018 - 2030 (USD Million)
- 7.5.4. Europe Solenoid Valves Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.5.5. Germany
- 7.5.5.1. Germany Solenoid Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.5.5.2. Germany Solenoid Valves Market Estimates & Forecasts, by Material, 2018 - 2030 (USD Million)
- 7.5.5.3. Germany Solenoid Valves Market Estimates & Forecasts, by Function, 2018 - 2030 (USD Million)
- 7.5.5.4. Germany Solenoid Valves Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.5.6. UK
- 7.5.6.1. UK Solenoid Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.5.6.2. UK Solenoid Valves Market Estimates & Forecasts, by Material, 2018 - 2030 (USD Million)
- 7.5.6.3. UK Solenoid Valves Market Estimates & Forecasts, by Function, 2018 - 2030 (USD Million)
- 7.5.6.4. UK Solenoid Valves Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.5.7. France
- 7.5.7.1. France Solenoid Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.5.7.2. France Solenoid Valves Market Estimates & Forecasts, by Material, 2018 - 2030 (USD Million)
- 7.5.7.3. France Solenoid Valves Market Estimates & Forecasts, by Function, 2018 - 2030 (USD Million)
- 7.5.7.4. France Solenoid Valves Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.5.8. Spain
- 7.5.8.1. Spain Solenoid Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.5.8.2. Spain Solenoid Valves Market Estimates & Forecasts, by Material, 2018 - 2030 (USD Million)
- 7.5.8.3. Spain Solenoid Valves Market Estimates & Forecasts, by Function, 2018 - 2030 (USD Million)
- 7.5.8.4. Spain Solenoid Valves Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.5.9. Italy
- 7.5.9.1. Italy Solenoid Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.5.9.2. Italy Solenoid Valves Market Estimates & Forecasts, by Material, 2018 - 2030 (USD Million)
- 7.5.9.3. Italy Solenoid Valves Market Estimates & Forecasts, by Function, 2018 - 2030 (USD Million)
- 7.5.9.4. Italy Solenoid Valves Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.6. Asia Pacific
- 7.6.1. Asia Pacific Solenoid Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.6.2. Asia Pacific Solenoid Valves Market Estimates & Forecasts, by Material, 2018 - 2030 (USD Million)
- 7.6.3. Asia Pacific Solenoid Valves Market Estimates & Forecasts, by Function, 2018 - 2030 (USD Million)
- 7.6.4. Asia Pacific Solenoid Valves Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.6.5. China
- 7.6.5.1. China Solenoid Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.6.5.2. China Solenoid Valves Market Estimates & Forecasts, by Material, 2018 - 2030 (USD Million)
- 7.6.5.3. China Solenoid Valves Market Estimates & Forecasts, by Function, 2018 - 2030 (USD Million)
- 7.6.5.4. China Solenoid Valves Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.6.6. India
- 7.6.6.1. India Solenoid Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.6.6.2. India Solenoid Valves Market Estimates & Forecasts, by Material, 2018 - 2030 (USD Million)
- 7.6.6.3. India Solenoid Valves Market Estimates & Forecasts, by Function, 2018 - 2030 (USD Million)
- 7.6.6.4. India Solenoid Valves Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.6.7. Japan
- 7.6.7.1. Japan Solenoid Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.6.7.2. Japan Solenoid Valves Market Estimates & Forecasts, by Material, 2018 - 2030 (USD Million)
- 7.6.7.3. Japan Solenoid Valves Market Estimates & Forecasts, by Function, 2018 - 2030 (USD Million)
- 7.6.7.4. Japan Solenoid Valves Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.6.8. South Korea
- 7.6.8.1. South Korea Solenoid Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.6.8.2. South Korea Solenoid Valves Market Estimates & Forecasts, by Material, 2018 - 2030 (USD Million)
- 7.6.8.3. South Korea Solenoid Valves Market Estimates & Forecasts, by Function, 2018 - 2030 (USD Million)
- 7.6.8.4. South Korea Solenoid Valves Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.7. Central & South America
- 7.7.1. Central & South America Solenoid Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.7.2. Central & South America Solenoid Valves Market Estimates & Forecasts, by Material, 2018 - 2030 (USD Million)
- 7.7.3. Central & South America Solenoid Valves Market Estimates & Forecasts, by Function, 2018 - 2030 (USD Million)
- 7.7.4. Central & South America Solenoid Valves Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.7.5. Brazil
- 7.7.5.1. Brazil Solenoid Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.7.5.2. Brazil Solenoid Valves Market Estimates & Forecasts, by Material, 2018 - 2030 (USD Million)
- 7.7.5.3. Brazil Solenoid Valves Market Estimates & Forecasts, by Function, 2018 - 2030 (USD Million)
- 7.7.5.4. Brazil Solenoid Valves Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.7.6. Argentina
- 7.7.6.1. Argentina Solenoid Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.7.6.2. Argentina Solenoid Valves Market Estimates & Forecasts, by Material, 2018 - 2030 (USD Million)
- 7.7.6.3. Argentina Solenoid Valves Market Estimates & Forecasts, by Function, 2018 - 2030 (USD Million)
- 7.7.6.4. Argentina Solenoid Valves Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.8. Middle East & Africa
- 7.8.1. Middle East & Africa Solenoid Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.8.2. Middle East & Africa Solenoid Valves Market Estimates & Forecasts, by Material, 2018 - 2030 (USD Million)
- 7.8.3. Middle East & Africa Solenoid Valves Market Estimates & Forecasts, by Function, 2018 - 2030 (USD Million)
- 7.8.4. Middle East & Africa Solenoid Valves Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
Chapter 8. Supplier Intelligence
- 8.1. Kraljic Matrix
- 8.2. Engagement Model
- 8.3. Negotiation Strategies
- 8.4. Sourcing Best Practices
- 8.5. Vendor Selection Criteria
- 8.6. List of Raw Material Suppliers
Chapter 9. Competitive Analysis
- 9.1. Recent Developments & Impact Analysis, By Key Market Participants
- 9.2. Company Categorization
- 9.3. Company Market Positioning
- 9.4. Company Heat Map Analysis
- 9.5. Company Listings
- 9.5.1. Emerson Electric Co.
- 9.5.1.1. Company Overview
- 9.5.1.2. Financial Performance
- 9.5.1.3. Product Benchmarking
- 9.5.1.4. Strategic Initiatives
- 9.5.2. IMI Process Automation
- 9.5.2.1. Company Overview
- 9.5.2.2. Financial Performance
- 9.5.2.3. Product Benchmarking
- 9.5.2.4. Strategic Initiatives
- 9.5.3. Danfoss Industries Ltd
- 9.5.3.1. Company Overview
- 9.5.3.2. Financial Performance
- 9.5.3.3. Product Benchmarking
- 9.5.3.4. Strategic Initiatives
- 9.5.4. Curtiss Wright Corporation
- 9.5.4.1. Company Overview
- 9.5.4.2. Financial Performance
- 9.5.4.3. Product Benchmarking
- 9.5.4.4. Strategic Initiatives
- 9.5.5. Parker Hannifin Corporation
- 9.5.5.1. Company Overview
- 9.5.5.2. Financial Performance
- 9.5.5.3. Product Benchmarking
- 9.5.5.4. Strategic Initiatives
- 9.5.6. AirTAC International Group
- 9.5.6.1. Company Overview
- 9.5.6.2. Financial Performance
- 9.5.6.3. Product Benchmarking
- 9.5.6.4. Strategic Initiatives
- 9.5.7. KANEKO SANGYO Co. Ltd
- 9.5.7.1. Company Overview
- 9.5.7.2. Financial Performance
- 9.5.7.3. Product Benchmarking
- 9.5.7.4. Strategic Initiatives
- 9.5.8. Anshan Solenoid Valve Co. Ltd
- 9.5.8.1. Company Overview
- 9.5.8.2. Financial Performance
- 9.5.8.3. Product Benchmarking
- 9.5.8.4. Strategic Initiatives
- 9.5.9. CEME Group
- 9.5.9.1. Company Overview
- 9.5.9.2. Financial Performance
- 9.5.9.3. Product Benchmarking
- 9.5.9.4. Strategic Initiatives
- 9.5.10. SMC Corporation
- 9.5.10.1. Company Overview
- 9.5.10.2. Financial Performance
- 9.5.10.3. Product Benchmarking
- 9.5.10.4. Strategic Initiatives