The global Electromechanical Solenoid Valves market size is projected to reach USD 5.5 billion by 2029

A Electromechanical Solenoid Valve is an electromechanically operated valve. Solenoid Valve is used to control the fluid automatic based components, belonging to the actuator; the valve is controlled by an electric current through a solenoid: in the case of a two-port valve the flow is switched on or off; in the case of a three-port valve, the outflow is switched between the two outlet ports. Multiple Solenoid Valves can be placed together on a manifold.

Solenoid Valves are the most frequently used control elements in fluidics. Their tasks are to shut off, release, dose, distribute or mix fluids. They are found in many application areas. Solenoids offer fast and safe switching, high reliability, long service life, good medium compatibility of the materials used, low control power and compact design.

According to the new market research report “Global Electromechanical Solenoid Valves Market Report 2023-2029”, published by GIResearch, the global Electromechanical Solenoid Valves market size is projected to reach USD 5.5 billion by 2029, at a CAGR of 3.4% during the forecast period.

• Global Electromechanical Solenoid Valves MarketSize(US$ Million), 2018-2029

Source: GlobalInfoResearch, “Global Electromechanical Solenoid Valves Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030”(published in 2023). If you need the latest data, plaese contact GIResearch..

• Global Electromechanical Solenoid Valves Top25 Players Rankingand Market Share (Ranking is based on the revenue of 2022, continually updated)

Source: GlobalInfoResearch, “Global Electromechanical Solenoid Valves Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030”(published in 2023). If you need the latest data, plaese contact GIResearch.

The global key manufacturers of Electromechanical Solenoid Valves include Emerson (ASCO & Sirai), Danfoss, Parker, Kendrion, Bürkert, SMC, ETO Magnetic GmbH (ETO GRUPPE), Norgren (IMI), CEME, CKD, etc. In 2022, the global top 10 players had a share approximately 50.0% in terms of revenue.

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