Latest News- Solenoid Valves Market: Two-way valves is expected to lead the Type segment during 2025-2029

The Solenoid Valves Market is being driven by Relentless pace of industrial automation and industry 4.0 integration

The Solenoid Valves Market is expected to grow at a CAGR of 4.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1428.1 million. The solenoid valves market is experiencing a significant shift as smart technologies and Industrial Internet of Things (IIoT) capabilities become increasingly integrated. Solenoid valves are no longer just discrete electromechanical components; they are transforming into intelligent, data-generating nodes within automated industrial systems. This evolution is driven by the industry's unwavering commitment to operational excellence, predictive maintenance, and enhanced process control, as mandated by Industry 4.0 principles. Modern solenoid valve manifolds and terminals are now equipped with onboard sensors and digital communication protocols, most notably IO-Link. This technology facilitates bidirectional communication, allowing valves to transmit critical diagnostic data, such as switching status, cycle count, internal temperature, and voltage levels, directly to higher-level controllers or cloud platforms. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Two-way valves
  • Three-way valves
  • Four-way valves
• Material
  • Stainless steel
  • Brass
  • Aluminum
  • Engineering plastics
• Product Type
  • Large
  • Small
  • Miniature
  • Micro
• Sector
  • Oil and gas
  • Chemicals
  • Water and wastewater management
  • Power generation
  • Others
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • Middle East and Africa
  • South America
    • Brazil

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Relentless pace of industrial automation and industry 4.0 integration
• Global energy transition and rising demand for sustainable solutions
• Technological innovation and miniaturization in high-value industries

However, the market also witnesses some limitations, which are as follows:

• Navigating persistent supply chain volatility and raw material price fluctuations
• Intense price competition and the threat of commoditization
• Rising technical complexity and the burden of continuous research and development

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Market Scope in Solenoid Valves Market Research Report

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Research Analysis Overview

The Solenoid Valves Market encompasses various designs, including solenoid valve and diaphragm valve, featuring distinct valve spool designs such as poppet and spring return. Manual override is an optional feature, while power consumption depends on the solenoid valve circuit and electrical interface. Industrial automation, process control, and fluid power systems utilize these valves for system integration. Remote control, failure analysis, and diagnostic testing are essential for maintenance. Selecting the right valve involves considering application-specific requirements, such as high-pressure, low-pressure, high-flow, and low-flow valves, as well as corrosion and wear resistance. Accessories include pressure relief valves, flow control valves, and manual override options.

Market Research Overview

In the context of the industrial machinery and supplies and components market, Solenoid Valves play a pivotal role in industries requiring precise fluid control. As a segment of this market, Solenoid Valves include actuation valves, flow control valves, pressure regulating valves, and direct acting solenoids. The parent market, encompassing manufacturers of industrial machinery and components, generates substantial revenue from the production of presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. According to Technavio's market analysis, the global industrial machinery and supplies and components market size is driven by the expanding industrial output in process and discrete industries. The increasing demand for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages in developing countries fuels this growth. Solenoid Valves contribute significantly to this market due to their essential role in fluid control applications across various industries.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/