The growing applications of solenoid valves into various industrialized sectors, poor consumption of power, and lower prices are some of the significant factors driving the growth of the solenoid valve market. However, the power failure, an incorrect voltage that may affect the working of the solenoid valve are some of the major factors which may restrain the growth of the solenoid valve market. Nevertheless, the development of new solenoid valves such as the pinch, micro-miniature, and customized valves have stimulated the growth of the solenoid valve market globally.
The artificial Solenoid Valve Market is divided into segments based on industry, design type, methods, and material. The market is divided into direct operated, indirect (pilot) operated, and semi-direct operated segments based on operating method. The market is divided into sections based on material, including plastic, brass, aluminium, and stainless steel. The market is divided into five categories according on the type of design: 2-way, 3-way, 4-way, and 5-way. Oil and gas, chemical and petrochemical, water and wastewater, food and drinks, power generation, pharmaceuticals, automotive, medical, and others are the market segments based on industry.
Source Link- https://cmi-latestreportorientedblogs.blogspot.com/2023/01/solenoid-valves-market-growth.html
