Direct Actuated Solenoid Valve Market - Forecast(2021 - 2026)

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Overview

The market for Direct actuated solenoid valve is forecast to reach $639.2 million by 2025, growing at a CAGR of 6.8% from 2020 to 2025. The significant deployment of different types of valves including ball valve, gate valve, butterfly valve, hydraulic valve, and pressure control valve in waste water treatment is analysed to be the key driving factor of the market. The significant adoption of industrial automation, alongside the increased investments is further escalating the market growth rate.
 
Key Takeaways
  • Industrial is analysed to grow at highest rate of 7.6% during the forecast period. This is majorly attributed to the growth in the industrial automation coupled with the significant deployment of the valves.
  • North America is dominating the market as of 2019, owing to the significant presence of the large industrial base in the region.
  • The significant shift towards renewable energy coupled with the deployment of the direct actuated solenoid valves is set to drive the market during the forecast period 2020-2025.
By Material

Brass is analysed to hold the highest share in the direct actuated solenoid valves market. The significant market share is majorly attributed to the increasing adoption of brass solenoid valves as they are best suited for most non-aggressive and non-corrosive applications. Brass exhibits high thermal conductivity compared to other materials such as stainless steel. The manufacturing costs incurred with the brass are low as the brass material is easier to machine than stainless steel. All these factors together contribute to the growth of the brass material in the direct actuated solenoid valve market.

By End user

The direct actuated solenoid valves are deployed in almost every end user industry. However, the industrial segment is analysed to hold the highest market share and is set to grow at highest CAGR of 7.60% during the forecast period 2020-2025. The significant growth is majorly attributed to the high deployment of the valves in industrial automation alongside the increasing investments. In April 2018, the manufacturing giant ABB announced plans to invest $108.5 million to open new industrial automation centre in Austria. Water treatment is also analysed to grow at significant rate during the forecast period owing to the high deployment of direct actuated solenoid valves in the water treatment plans. In 2019, Delhi Jal Board has approved setting up of 106-MGD water treatment plant (WTP) in India, thereby helping to meet the demand for drinking water in the city. These projects are set to escalate the market growth rate during the forecast period 2020-2025.

Geography - Segment Analysis

North America is analysed to be the dominant region with a market share of 35.70% followed by APAC and Europe. This is majorly attributed to the large industrial base coupled with the significant deployment of direct actuated solenoid valves in almost every end user industry. The significant expansions in the food and beverage industries in North America region is set to boost the market growth rate. In January 2020, Conagra announced plans to invest $106 million for a 65,000-square-foot expansion and equipment upgrades in their processing facility in U.S. In February 2020, Seaboard Foods announced the expansion and equipment upgrades of the processing facility in U.S with an investment of $100M. APAC is analysed to grow at significant rate during the forecast period majorly attributed to the large automotive manufacturing base and many other industries.

Drivers – Direct actuated solenoid valve market 
  • The significant shift towards renewable energy for power generation
Renewable energy is no longer considered a niche technology, with many countries and energy companies adopting clean energy projects. As stated by climate action organization there are 5 major renewable energy projects across the globe including TuNur project, Asian Renewable Energy Hub, Grand Inga Hydroelectric Project, Tidal Lagoon Cardiff, and Gansu Wind Farm Project. Therefore the significant shift towards the renewable energy for power generation coupled with deployment of the direct actuated solenoid valves is analysed to be a key driving factor in the market.

Requirement of treatment of water 

The significant deployment of solenoid valves in the waste water treatment plants is set to drive the market during the forecast period. As stated by NRDC, around 80% of wastewater is dumped into the environment, polluting majority of rivers, lakes, seas and others. As the water pollution causing severe threats to environment as well as human life, there is a dire need for treatment of water and the significant employment of these valves in the water treatment is set to escalate the market growth rate. Major waste water treating companies such as Suez has stated that it able to treat 7.5 Billion litres of safe drinking water produced in SUEZ-run treatment plants every day in India. Therefore the factors are set to elevate the market growth rate.

Challenges – Direct actuated solenoid valve market
  • Technological Failures
Key market players in the direct solenoid valves market often face the challenge of technological failure. Sometimes due to power failure or uneven pressure, the direct solenoid valves may not function and lead to large scale industrial loss, thereby hindering its adoption in the large scale industries. This factor is analysed to hinder the market growth rate. 

Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Direct actuated solenoid valve market. Direct actuated solenoid valve driver market is expected to be dominated by major companies such as ASCO Valve, Inc., Christian Bürkert GmbH & Co. KG, Curtiss-Wright Corporation, Danfoss A/S, GSR Ventiltechnik GmbH & Co. KG among others.

Acquisitions/Technology Launches/Partnerships
  • In order to increase the accuracy of off-highway vehicles fluid control, Eaton has launched a compact, simplified solenoid valve in April 2019.
1. Direct Actuated Solenoid Valve Market – Overview
1.1. Definitions and Scope
2. Direct Actuated Solenoid Valve Market – Executive Summary
2.1. Market Revenue, Market Size and Key Trends by Company
2.2. Key Trends by type of Application
2.3. Key Trends segmented by Geography
3. Direct Actuated Solenoid Valve Market 
3.1. Comparative Analysis 
3.1.1. Product Benchmarking - Top 10 companies
3.1.2. Top 5 Financials Analysis
3.1.3. Market Value split by Top 10 companies
3.1.4. Patent Analysis - Top 10 companies
3.1.5. Pricing Analysis
4. Direct Actuated Solenoid Valve Market – Startup companies Scenario Premium
4.1. Top 10 startup company Analysis by
4.1.1. Investment
4.1.2. Revenue
4.1.3. Market Shares
4.1.4. Market Size and Application Analysis
4.1.5. Venture Capital and Funding Scenario
5. Direct Actuated Solenoid Valve Market – Industry Market Entry Scenario Premium
5.1. Regulatory Framework Overview
5.2. New Business and Ease of Doing business index
5.3. Case studies of successful ventures
5.4. Customer Analysis – Top 10 companies
6. Direct Actuated Solenoid Valve Market Forces
6.1. Drivers
6.2. Constraints
6.3. Challenges
6.4. Porters five force model
6.4.1. Bargaining power of suppliers
6.4.2. Bargaining powers of customers
6.4.3. Threat of new entrants
6.4.4. Rivalry among existing players
6.4.5. Threat of substitutes
7. Direct Actuated Solenoid Valve Market – Strategic analysis
7.1. Value chain analysis
7.2. Opportunities analysis
7.3. Product life cycle
7.4. Suppliers and distributors Market Share
8. Direct Actuated Solenoid Valve Market – By Type (Market Size -$Million / $Billion)
8.1. Market Size and Market Share Analysis 
8.2. Category Revenue and Trend Research
8.3. Category Segment Analysis
8.3.1. Two Way Solenoid Valves
8.3.2. Three Way Solenoid Valves
8.3.3. Four Way Solenoid Valves 
9. Direct Actuated Solenoid Valve Market – By Seal (Market Size -$Million / $Billion)
9.1. Nitrile Rubber (NBR)
9.2. Ethylene Propylene Diene Monomer (EPDM)
9.3. Fluro-elastomer (FKM)
9.4. Polytetrafluoroethylene (PTFE)
9.5. Ruby   
9.6. PUR
9.7. Chloroprene
9.8. Others 
10. Direct Actuated Solenoid Valve Market – By Industry (Market Size -$Million / $Billion)
10.1. Aerospace & Defense
10.2. Agriculture
10.3. Automotive
10.4. Chemical & Petrochemical
10.5. Consumer Electronics
10.6. Food & Beverage
10.7. Marine
10.8. Mining & Metal
10.9. Off-Highway Automobiles
10.10. Oil & Gas
10.11. Paper & Pulp
10.12. Medical & Life science
10.13. Pharmaceuticals
10.14. Power
10.15. Water Treatment
10.16. Semiconductor
10.17. Packaging
10.18. Textiles
10.19. Others
11. Direct Actuated Solenoid Valve Market – By Geography (Market Size -$Million / $Billion)
11.1. Direct Actuated Solenoid Valve Market – North America Segment Research
11.2. North America Market Research ($Million / $Billion)
11.2.1. Segment type Size and Market Size Analysis 
11.2.2. Revenue and Trends
11.2.3. Application Revenue and Trends by type of Application
11.2.4. Company Revenue and Product Analysis
11.2.5. North America Segment - Product type and Application Market Size
11.2.5.1. U.S.
11.2.5.2. Canada 
11.2.5.3. Mexico
11.3. Direct Actuated Solenoid Valve Market – South America Segment Research
11.4. South America Market Research (Market Size -$Million / $Billion)
11.4.1. Segment type Size and Market Size Analysis 
11.4.2. Revenue and Trends
11.4.3. Application Revenue and Trends by type of Application
11.4.4. Company Revenue and Product Analysis
11.4.5. South America Segment - Product type and Application Market Size
11.4.5.1. Brazil  
11.4.5.2. Chile
11.4.5.3. Argentina
11.4.5.4. Colombia  
11.4.5.5. Rest of South America
11.5. Direct Actuated Solenoid Valve Market – Europe Segment Research
11.6. Europe Market Research (Market Size -$Million / $Billion)
11.6.1. Segment type Size and Market Size Analysis 
11.6.2. Revenue and Trends
11.6.3. Application Revenue and Trends by type of Application
11.6.4. Company Revenue and Product Analysis
11.6.5. Europe Segment - Product type and Application Market Size
11.6.5.1. U.K.
11.6.5.2. Germany
11.6.5.3. Italy
11.6.5.4. France
11.6.5.5. Spain
11.6.5.6. Rest of Europe
11.7. Direct Actuated Solenoid Valve Market – APAC Segment Research
11.8. APAC Market Research (Market Size -$Million / $Billion)
11.8.1. Segment type Size and Market Size Analysis 
11.8.2. Revenue and Trends
11.8.3. Application Revenue and Trends by type of Application
11.8.4. Company Revenue and Product Analysis
11.8.5. APAC Segment - Product type and Application Market Size
11.8.5.1. China
11.8.5.2. Australia 
11.8.5.3. India
11.8.5.4. Japan
11.8.5.5. South Korea
11.8.5.6. Rest of APAC
11.9. Direct Actuated Solenoid Valve Market – RoW Segment Research
11.10. RoW Market Research (Market Size -$Million / $Billion)
11.10.1. Segment type Size and Market Size Analysis 
11.10.2. Revenue and Trends
11.10.3. Application Revenue and Trends by type of Application
11.10.4. Company Revenue and Product Analysis
11.10.5. RoW Segment - Product type and Application Market Size
11.10.5.1. Middle East
11.10.5.2. Africa
12. Direct Actuated Solenoid Valve Market – Entropy
12.1. New product launches
12.2. M&A's, collaborations, JVs and partnerships
13. Direct Actuated Solenoid Valve Market – Industry / Segment Competition landscape Premium
13.1. Market Share Analysis
13.1.1. Market Share by Country- Top companies
13.1.2. Market Share by Region- Top 10 companies
13.1.3. Market Share by type of Application – Top 10 companies
13.1.4. Market Share by type of Product / Product category- Top 10 companies
13.1.5. Market Share at global level- Top 10 companies
13.1.6. Best Practices for companies
14. Direct Actuated Solenoid Valve Market – Key Company List by Country Premium
15. Direct Actuated Solenoid Valve Market – Company Analysis
15.1. Market Share, Company Revenue, Products, M&A, Developments
15.2. Company 1
15.3. Company 2
15.4. Company 3
15.5. Company 4
15.6. Company 5
15.7. Company 6
15.8. Company 7
15.9. Company 8
15.10. Company 9
15.11. Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"
16. Direct Actuated Solenoid Valve Market – Appendix
16.1. Abbreviations
16.2. Sources
17. Direct Actuated Solenoid Valve Market – Methodology
17.1. Research Methodology
17.1.1. Company Expert Interviews
17.1.2. Industry Databases
17.1.3. Associations
17.1.4. Company News
17.1.5. Company Annual Reports
17.1.6. Application Trends
17.1.7. New Products and Product database
17.1.8. Company Transcripts
17.1.9. R&D Trends
17.1.10. Key Opinion Leaders Interviews
17.1.11. Supply and Demand Trends