India Solenoid Valves Market Overview
The India Solenoid Valves is estimated to surpass $604 million mark by 2026 growing at an estimated CAGR of more than 5.2% during the forecast period 2021 to 2026. Solenoid valves are employed as control elements for fluid power controlling both aqueous and gaseous fluids. Solenoid valves are primarily used as controlling devices in systems and motors where liquid and gas flow rate needs to be regulated through safe switching. These valves which can be internally piloted by passing electric current through the solenoid, thus creating a magnetic field to open or close the plunger mechanism. According to Enerdata, countries like China, the U.S., India and Russia are the highest consumers of energy as per the 2019. The increasing industrial growth coupled with the rising population accounts for the increase in energy consumption. This trend includes a huge number of investments into the power sector, which will propel the market for solenoid valves.
- Usages of Solenoid valves are rising sharply because of their automatic flow control capability, size, leak block, lower price and lower power consumption mechanism.
is a possibility that the future of power industry is run by natural gas and
solar energy. Valves are used for various purposes in the power generation
industry. Hence there is significant opportunity for Solenoid Valves in this
- Countries have started increasingly deploying their renewable energy sector; and accordingly, in various countries the capacities of the Solar PV is increasing year on year. Therefore, the booming solar energy sector is poised to boost the market for control valves
India Solenoid Valves Market, By Type
India Solenoid Valves Market Segment Analysis - By Type - Segment Analysis
India Solenoid Valves Market Segment Analysis - By End Use Industry
India Solenoid Valves Market Drivers
Growing Concerns Regarding the Safety of Plants
Rising Number of Power Plants and growing adoption of Solenoid Valves
India Solenoid Valves Market Challenges
Lack of Design Options
India Solenoid Valves Market Landscape
- In August 2019, Ross Controls Company which is a global company including India had announced the acquisition of Pneumatrol Ltd for strengthening and expansion of its valve business, thereby driving the market.
- In January 2019, Finland based company Metso had announced the acquisition of Rotex Manufacturers and Engineers Pvt Ltd which manufacturers valves including solenoid valves. This acquisition is intended to assist Metso in expanding its valve operations in India.
Report Code: AIR 0045
Automotive Solenoid Valve Market -
Forecast(2021 - 2026)
Report Code: ATR 0060
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