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China Solenoid Valve Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

China Solenoid Valve Market – (By Type - Direct-acting valves and Pilot-operated valves; By Function – 2-Way, 3-Way, 4-Way, and 5-Way; By Material - Stainless Steel, Aluminum, Plastic, and Others; By Operation - Normally open, Normally closed, and Universal; By Media – Air, Gas, and Water; By Industry - Oil & Gas, Chemical & Petrochemical, F&B, Power Generation, Automotive, and Others) - Industry Dynamics, Market Size, Opportunity and Forecast to 2030

  • Published On: 14-Jun-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0622269
    Delivery: 2 to 4 Hours

FREQUENTLY ASKED QUESTIONS

China Solenoid Valves Market was valued at US$ 555 Mn in 2021.

Solenoid valve is an electro-mechanical valve which is commonly employed to control the flow of liquid or gas, thereby eradicating the need for an engineer to manually control the valve. 

The China Solenoid Valves Market is projected to expand at a CAGR of 7.4% during the forecast period.

The market is majorly driven by factors such as the availability of raw materials in the country and rising adoption in various industrial applications.

The large dependency on counterfeit products supply is hindering the market growth. 

Penetration of advancing technologies in the solenoid valves market is providing a lucrative opportunity for market growth. 

The various segmentations considered to analyze the China Solenoid Valves Market are based on type, function, material, operation, media, and end use industry.

Direct-acting valves holds the highest market share in 2021.

Stainless-steel material segment dominates the China Solenoid Valves Market. 

Normally open segment holds the highest market share in 2021. 

Oil & gas is the highest end use industry in the China Solenoid Valves Market.

The key players in the China Solenoid Valves Market are Airtac, Danfoss A/S, Emerson, Parker, and Festo Corporation among others.