Data Bridge Market Research analyses that the Plastic Solenoid Valves Market was valued at USD 4,175 million in 2021 and is expected to reach the value of USD 5,540.32 million by 2029, at a CAGR of 3.60% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Over the last few years, global demand for solenoid valves has steadily increased. Solenoid valves are popular due to their simple system, low cost, and quick action, such as opening and closing in milliseconds. Due to its automation control systems, Asia-PAcific is expected to have the second largest market share for solenoid valve. The water treatment and beverage industries, as well as renewable energy-based projects, are two major factors driving solenoid valve adoption.
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Global Plastic Solenoid Valves Market Drivers
- High demand in food handling applications
Many food handling applications use food grade solenoid valves and solenoid valve manifolds, particularly in beverage dispensing machines. Food-grade seals and valve body materials are required for unaltered beverage taste. As solenoid valves are designed to withstand extreme temperatures, humidity, and corrosive conditions, they are the most popular valves in the food and beverage industries. Due to its contaminant resistance, plastic is used to make these valves in order for them to last a long time.
- Growing usability in consumer electronic devices
Along with these applications, solenoid valves are used in washing machines, dishwashers, and other similar appliances as a water flow controller. Electric solenoid valves are used to remotely turn on or off valves that are physically difficult to approach. These valves can only be kept completely open or closed and cannot be used for partial flow control. The building material of these valves varies depending on the type of fluid allowed to pass through them. Brass, bronze, plastic, and nylon are among the materials used. Furthermore, valves made of metals such as plastic are preferred for controlling the flow of gaseous elements. These valves are lightweight and have a shorter life span than others.
Some of the major players operating in the plastic solenoid valves market are:
- CEME S.p.A. (Italy)
- CKD Corporation (Japan)
- ODE S.r.l. (Italy)
- KANEKO SANGYO Co., Ltd. (Japan)
- Takasago Electric Industry Co., Ltd. (Japan)
- Curtiss-wright Corporation (U.S.)
- ALFA LAVAL (Sweden)
- IMI plc (U.K.)
- LESER GmbH & Co.KG (Germany)
- The Weir Group PLC (Scotland)
- Forbes Marshall (India)
- Bosch Rexroth AG (Germany)
- Spirax Sarco Limited (U.K.)
- Danfoss A/S (Denmark)
- GSR Ventiltechnik GmbH & Co. KG (Germany)
- ASCO Valve, Inc. (U.S.)
- Christian Bürkert GmbH & Co. KG (Germany)
- KANEKO SANGYO Co., Ltd. (Japan)
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Global Plastic Solenoid Valves Market Scope
Type
- 2 Way
- 3 Way
- 4 Way
- 5 Way
Operating Type
- Direct
- Semi-Direct
- Indirect
End user
- Water and Wastewater
- Chemical and Petrochemical
- Automotive
- Medical
- Pharmaceutical
- Power Generation
- Food and Beverages
Plastic Solenoid Valves Market Regional Analysis/Insights
The countries covered in the plastic solenoid valves market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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