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Solenoid Valve Market

Global Solenoid Valve Market to Witness Growth Acceleration During 2019 to 2022

by nihal40643 months ago

The report "Solenoid valve Market by Body Material (Stainless Steel, Brass, Aluminum, and Plastic), Valve Design (2-way, 3-way, 4-way, and 5-way), Industry, and Geography - Global Forecast to 2022", The solenoid valve market is expected to reach USD 4.41 Billion by 2022, at a CAGR of 3.54% between 2016 and 2022. This market registered a shipment of 12.94 Million units in 2015 and is expected to reach 20.29 Million units by 2022, at a CAGR of 6.35% between 2016 and 2022. The major factors driving the growth of this market include the growing investments in various industries across developing economies such as China and India and greater preference for increasing process automation worldwide thereby decreasing production costs.

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The chemical & petrochemical industry in the solenoid valve market held the largest share in 2015

The solenoid valve market on the basis of industry vertical has been segmente

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Solenoid Valve Market for 3-way Solenoid Valves is Expected to Grow Rapidly During Forecast 2022

by nihal40645 months ago

The global Solenoid Valve Market is expected to grow from USD 3.44 Billion in 2015 to USD 4.41 Billion by 2022, at a CAGR of 3.54% during the forecast period. The market registered a shipment of 12.94 million units in 2015 and is expected to reach 20.29 million units by 2022. The major factors driving the market include growing adoption of solenoid valves in various process industries and increasing preference for greater process automation. In addition, raising demand for water treatment plants provide significant opportunities for the market.

The main objectives of the report include:

  • To define, describe, and forecast the global solenoid valve market segmented on the basis of body material, valve design type
  • To provide the market statistics with detailed classifications and split in terms of value and volume
  • To provide detailed information regarding the key factors influencing the growth of the market
  • To strategically profile the key players operating in this market and compre
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