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Solenoid Valves Market 2022 Industry Share, Worldwide Research, Outlook and Geographical Segmentation till 2031

Astute Analytica’s recent report on the global Solenoid Valves Market encompasses all of the factors that will impact the market in the coming years. The report covers a variety of topics, including the impact of COVID-19, shareholding segments, latest trends, future prospects, innovations, strategies, etc.

The Global Solenoid Valves Market is projected to witness a major rise in its revenue from US$ 4,222.7 Mn in 2021 to US$ 6,903.8 Mn by 2030. The market is registering a CAGR of 5.6% during the forecast period 2022-2030. In terms of volume, the market is registering a CAGR of 5% over the projection period.

Factors Influencing the Market

Favorable regulatory standards for tax breaks for infrastructure ventures are primarily driving the growth of the global Solenoid Valves Market. In addition, other factors like the rapidly growing urban population, technological advancements, and growing R&D activities will offer lucrative growth opportunities for market growth.

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However, risks associated with equipment handling and high machine costs are expected to stymie the growth of the Solenoid Valves market. This report on the global Industrial & Heavy Machinery Market outlines every subject impacting the market. The report offers both qualitative and quantitative analysis based on every segment.

COVID-19 Impact Analysis

Following the coronavirus pandemic, the Solenoid Valves market experienced a sharp decline in terms of revenue. The COVID-19 pandemic forced the imposition of a lockdown to reduce infection among the population across countries. Moreover, manufacturing companies rely heavily on the supply of raw materials and components from other countries around the world, which was halted during the pandemic. Thus, the negatively affected the global Solenoid Valves Market.

Regional Analysis

The following are the various segments of the Global Solenoid Valves Market:

By Type segment of the Global Solenoid Valves Market is sub-segmented into:

  • Direct-acting valves
  • Pilot-operated valves

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By Function segment of the Global Solenoid Valves Market is sub-segmented into:

  • 2-way
  • 3-way
  • 4-way
  • 5-way

By Material segment of the Global Solenoid Valves Market is sub-segmented into:

  • Stainless Steel
  • Aluminum
  • Plastic
  • Others

By Operation segment of the Global Solenoid Valves Market is sub-segmented into:

  • Normally open
  • Normally closed
  • Universal

By Media segment of the Global Solenoid Valves Market is sub-segmented into:

  • Air
  • Gas
  • Water

By Industry segment of the Global Solenoid Valves Market is sub-segmented into:

  • Oil & Gas
  • Chemical & Petrochemical
  • F&B
  • Power Generation
  • Pharmaceuticals
  • Automotive
  • Medical
  • Others

By Region of the Global Solenoid Valves Market is sub-segmented into:

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

Key Players Insights

The key players in the Global Solenoid Valves Market are Danfoss Industries Limited, Curtiss-Wright Corporation, Emerson Electric Co., and Parker Hannifin Corporation, among others.

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About Astute Analytica:

Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.

They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.

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