Envision Report

Published April 6, 2018

Middle East and Africa Solenoid Valve Market – Growth & Forecasts (2018 – 2024)

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A solenoid valve is an electromechanically operated device, which is controlled by an electric current used for controlling liquid or gas flow. Solenoid valve offers high reliability, fast and safe switching, extended service life, and compact design and low power. Increasing applications of solenoid valves into various industries lower the price of the pipe and decrease the power consumption.

Middle East and Africa Solenoid Valve Market Segments Size & Growth:

Middle East and Africa solenoid valve market are expected to reach $XX Billion by 2024 from approximately $XX Billion in 2017 at a CAGR of around XX%. Increasing adoption of solenoid valves in food & beverages industry, low power consumption, technology advancement, automotive flow system and applications of solenoid valves in various sectors are significantly driving the market growth. However, factors are affecting the solenoid valve market growth such as power failure, uneven pressure and wrong voltage along with budget allocation is limiting the solenoid valve market.

Middle East and Africa Solenoid Valve Market Segments Share:

Middle East and Africa Solenoid valve market functionalities include solenoid valve operation, material, valve design, component, type, the electrical signal, application, end user, and geography. Based on the process of a solenoid valve, solenoid valve market is categorized into direct operated, indirect operated and semi-direct operated. Among which direct operated solenoid valve has most straightforward operating principle. These are suitable for negative pressure circuits and available in cost-effective, compact sizes. Indirect operated solenoid valves operate at higher pressure and temperature ranges with low power consumption. All these operations applied at various applications, and show substantial growth rates in the solenoid valve market.

A material of solenoid valve can be of stainless steel body material, brass body material, aluminum body material and plastic body material. The valve body should be compatible with fluid. For general, and slightly aggressive media applications, stainless steel valves are used. Mostly used stainless steel solenoid valves include stainless steel coaxial solenoid valve and stainless steel solenoid valve pilot. Brass body, stainless steel solenoid valves, are useful for the general purpose, controlling air, water, atmospheric gases and corrosion applications. Similarly, a plastic body material solenoid valve material is used for the domestic appliance and agricultural systems and offer cost-effective and lightweight solutions. Different materials have different applications under various operations, which is driving the market.

Valve design for 3-way solenoid valves is expected to witness highest growth rate owing to the usage of these valves in water and wastewater treatment plants. These valves classification was done in 2-way, 3-way, 4-way, and 5-way.

Components of solenoid valves market include coil/solenoid, plunger, orifice, spring seal and others. A plunger is a magnetic component that moves when the solenoid is energized. The coil/solenoid is the turns of copper wire that surround the core tube and induce the movement of the core. Passage of an electric current operates this through a solenoid.

Based on the type, a market is segmented into core disc type solenoid valve, floating diaphragm-type solenoid valve, flapper disc type solenoid valve, hung diaphragm-type solenoid valve, lever type solenoid valve, piston type solenoid valve, and slide disc type solenoid valve. Among which diaphragm type solenoid valves are available in a wide range of materials to suit almost all the industrial applications. These are most commonly associated with 2-way solenoid valves.

Electric signals of solenoid valve categorized into AC signal and DC signal. The solenoid valves can be operated using either of DC (Direct Current) or AC (Alternating Current) electrical signals. Solenoid valves are used to control and modulate the flow of liquids and gases.

Applications of solenoid valve include laundry & dry-cleaning equipment, industrial washing equipment, autoclaves/ sterilizers, compressors and vacuum pumps, plastic moulding machinery, food-processing machinery and others. One of the most widespread applications of the solenoid valve is in the refrigeration systems. They are used in air conditioners to change the direction of the flow of the refrigerant so that they can be used for the cooling purpose in the summers and heating purpose in the winters. Moreover, a solenoid valve is an active part of the systems of automobiles like cars and trucks. These applications are driving the market growth.

Solenoid valve market segments under various industrial verticals, oil & gas, chemical & petrochemical, water & wastewater, food & beverages, power generation, automotive, aerospace & defense and others. Among the various industries, the chemical & petrochemical industry held the most significant share. This market is anticipated to grow at a substantial rate during the forecast period, driven by the growing installations of solenoid valves in different phases of oil & gas extraction processes. The continuous retrofit works in this industry would significantly contribute to this market.

Geographic analysis of solenoid valve market is segmented into regions Middle East region and Africa region. Oil & gas refining, power generation, oil and gas pipeline, and water treatment and distribution the most attractive end-user industries for solenoid valves market,  which is driving the market in this region.

Middle East and Africa Solenoid Valve Market Trends:

  • Emerson launches high-density pneumatic valve island and claims that the new system will enable the enterprise to reduce the installation cost.
  • Advantages of smart valves at present technology.
  • Demand for automatic valves.
  • Increasing usage of simulation software.

Middle East and Africa Solenoid Valve Market Research Report includes:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analyzed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.

Expertise investment opportunities by the analyst to the individual and organization to have the better foothold in the market.

The major market players are

  • Asco valve Inc.
  • Christian Burkert GmBH & Co.Kg
  • Curtiss-wright Corporation
  • Danfoss Group
  • GSR Ventiltechnik GmBH & Co.Kg
  • IMI PLC

Along with these companies, there were many other companies considered/cited in the report while analyzing the Middle East and Africa solenoid valve market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.”

 

 

 

 

1 Introduction

1.1 Executive Summary

1.2 Market Definition

1.3 Scope of the Study

2 Research Methodology

2.1 Secondary Research

2.2 Primary Research

2.3 Analytic Tools and Model

2.4 Economic Indicator

2.4.1 Base Year, Base Currency, Forecasting Period

2.5 Expert Validation

2.6 Study Timeline

3 Market Analysis

3.1 Industry Value Chain Analysis

3.2 Porter’s Five Analysis

3.2.1 Bargaining Power of Buyers

3.2.2 Bargaining Power of Suppliers

3.2.3 Threats of Substitutes

3.2.4 Threats of New Entrants

3.2.5 Industry Rivalry

3.3 PESTLE Analysis

3.3.1 Political

3.3.2 Economical

3.3.3 Social

3.3.4 Technological

3.3.5 Legal

3.3.6 Environmental

3.4 SWOT Analysis

3.4.1 Strengths

3.4.2 Weakness

3.4.3 Opportunities

3.4.4 Threats

3.5 Y-O-Y Analyses

4 Market Dynamics

4.1 Drivers

4.1.1 Increasing adoption of solenoid valves in food & beverages industry.

4.1.2 Low power consumption.

4.1.3 Shift to renewable sources for power generation.

4.1.4 Technology advancement and automotive flow system.

4.2 Restraints & Challenges

4.2.1 Technical problems associated with solenoid valves may affect the market.

4.2.2. Reliability of solenoid valve.

4.2.3 Reducing oil & gas price and drop in oil field count.

4.2.4 Budget allocation is limiting the solenoid valve market.

4.2.5 Size and level of customization of the equipment.

4.3 Opportunities

4.3.1 Increasing demand for wastewater treatment industries.

4.3.2 Growing adoption of solenoid valves in a wide range of process industries.

5 Middle East and Africa Solenoid Valve Market – By Solenoid Valve Operation

5.1 Direct operated

5.2 Indirect operated

5.3 Semi-direct operated

6 Middle East and Africa Solenoid Valve Market – By Material

6.1 Stainless steel body material

6.2 Brass body material

6.3 Aluminium body material

6.4 Plastic body material

7 Middle East and Africa Solenoid Valve Market – By Valve Design

7.1 2-way solenoid valve

7.2 3-way solenoid valve

7.3 4-way solenoid valve

7.4 5-way solenoid valve

8 Middle East and Africa Solenoid Valve Market – By Component

    8.1 Coil/solenoid

8.2 plunger

8.3 Orifice

8.4 Spring seal

8.5 Others

9 Middle East and Africa Solenoid Valve Market – By Type

9.1 Core disc type solenoid valve

9.2 Floating diaphragm-type solenoid valve

9.3 Flapper disc type solenoid valve

9.4 Hung diaphragm solenoid valve

9.5 Lever type solenoid valve

9.6 Piston type solenoid valve

9.7 Slide disc type solenoid valve

10 Middle East and Africa Solenoid Valve Market – By Electric signals

      10.1 AC

10.2 DC

11 Middle East and Africa Solenoid Valve Market – By Application

       11.1 Laundry and dry-cleaning equipment

11.2 Industrial washing equipment

11.3 Compressors and vacuum pumps

11.4 Steam boilers

11.5 Plastic moulding machinery

11.6 Food processing machinery

11.7 Others

12 Middle East and Africa Solenoid Valve Market – By End-user

    12.1 Automotive

12.2 Oil & Gas

12.3 Aerospace & defense

12.4 Food & beverages

12.5 Power generation

12.6 Chemical & petrochemical

12.7 Water & wastewater

12.7 Others

13 Middle East and Africa Solenoid Valve Market – By Geography

 13.1 Middle East and Africa

13.1.1 Middle East

13.1.2 Africa

14 Middle East and Africa Solenoid Valve Market – Competitive Landscape

14.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

14.2 Market Share Analysis

14.3 Strategies Adopted By Top Companies

15 Middle East and Africa Solenoid Valve Market – Company Profiles

15.1 Asco valve Inc.

15.2 Christian Burkert GmBH & Co.Kg

15.3 Curtiss-wright Corporation

15.4 Danfoss Group

15.5 GSR ventiltechnik GmBH & Co.Kg

15.6 IMI PLC

15.7 Parker Hannifin Corporation

15.8 Rotex controls B.V

15.9 SMC Corporation

15.10 Norgen Industrial Co

16 Market Insights

16.1 Insights of Industry Experts

16.2 Analyst Opinion (Market Understanding)

16.3 Investment Opportunities

17 Appendix

17.1 List of Tables

17.2 List of Figures

 

 

 

 

 

 

 

 

 

  • Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
  • Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
  • The Regional and Global Variety is taken care of in the report.
  • Year on Year basis generation of revenue is studied.
  • Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
  • The overview and the sustainability of the market are analyzed through SWOT.
  • DROC is recognized in the current market scenario and see how its effect on market dynamics.
  • The segment-level analysis in terms of type and technology.
  • The value chain analysis, value that's created and captured by a company is the profit margin.Value
  • Created and Captured – Cost of Creating that Value = Margin
  • An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
  • Basis on the depth of the study we approach using analytical tools
  • Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.

 

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