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India Solenoid Valves Market
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India Solenoid Valves Market

Home Automotive And Transportation India Solenoid Valves Market

India Solenoid Valves Market, By Body Material (Stainless Steel, Brass, Aluminum, Plastic); By Valve Design (2-way, 3-way, 4-way, 5-way); By Industry (Oil & Gas, Chemical & Petrochemical, Water & Wastewater, Food & Beverages, Power Generation, Pharmaceuticals, Automotive, Medical); By Region (North India, South India, East India, West India), Trend Analysis, Competitive Landscape & Forecast, 2019–2030

  • Published Date: June 2024
  • Report ID: BWC24456
  • Available Format: PDF
  • Page: 200

Report Overview

The increasing need for automation is driving the use of solenoid valves in various industries, such as water treatment, which is expected to fuel the growth of India Solenoid Valves Market during the forecast period between 2024 and 2030.

India Solenoid Valves Market – Industry Trends & Forecast Report, 2030

India Solenoid Valves Market size by value was estimated at USD 551.4 million in 2023. During the forecast period between 2024 and 2030, the India Solenoid Valves Market size is expected to expand at a CAGR of 3.3% reaching a value of USD 689.9 million by 2030. Several key factors are boosting the India Solenoid Valves Market. The demand for solenoid valves is increasing in water treatment plants, renewable energy projects, medical ventilators, food processing industries, and washing machines. In addition, solenoid valves play a prominent role in the automobile sector, for tasks like controlling valve timing and managing emissions. This helps engines run more efficiently. Notably, as infrastructure and industries expand across India, the demand for solenoid valves continues to rise.

 India Solenoid Valves Market

Solenoid Valve – Overview

A solenoid valve is an electrical device designed to regulate the flow of liquid or gas through pipelines. When an electric current flows through the coil, it generates a magnetic force that moves a piston, thereby opening or closing the valve. Solenoid valves play a crucial role in a wide range of applications such as industrial control systems, HVAC systems, and water and gas distribution systems.

India Solenoid Valves Market

Growth Drivers

Rising Use of Solenoid Valves in Thriving Food and Beverages Industry

Solenoid valves are frequently used in the food processing industry and is a top choice for such applications. They are particularly used in machines that dispense drinks. They are carefully crafted from safe materials such as 316 stainless steel to preserve the flavor of drinks. Many solenoid valves are built to handle tough temperatures and corrosive, damp conditions. The solenoid valves made from stainless steel are significantly used because they resist food contaminants. Pneumatic solenoid valves are preferred over hydraulic valves, lowering the risk of contamination.

Increasing Focus on Energy Efficiency

In today's world, automation is essential in all fields, and energy is crucial for running the tools and machines needed to begin various processes. Recently, industries have expanded rapidly and now need more energy. To address electricity shortages, many governments, including India, are working to boost the capacity of current power plants and approve the construction of new ones.

Challenges

Sensitivity to External Factors

Despite showing promise, the one thing that may limit the market growth is solenoid coil failure, which can happen for different reasons. Using the wrong voltage can cause the coil to break and burn. Electric shock can also damage the coil. Burnt coils can't be fixed and need to be replaced. In addition, moisture or regular use can also cause the solenoid to fail and spark.

Impact of Escalating Geopolitical Tensions on India Solenoid Valves Market

The conflict between Russia and Ukraine, rising political tensions, and increasing oil prices have impacted the India Solenoid Valve Market. Despite the challenges, the Indian economy has shown strength and overcome the challenges through sensible fiscal policies and fiscal stimulus measures. As India continues to adapt its fiscal policy in the wake of COVID-19, it is important to strike a balance between fiscal and monetary policies to minimize the negative impact on economic growth and market volatility. These geopolitical changes present both challenges and opportunities for the India Solenoid Valves Market, which requires a coherent strategy to support growth in a changing world.

India Solenoid Valves Market

Segmental Coverage

India Solenoid Valves Market – By Body Material

On the basis of body material, India Solenoid Valves Market is divided into Stainless Steel, Brass, Aluminum, and Plastic segments. Stainless steel is the largest body material segment in the India Solenoid Valves Market. Solenoid valves in the food industry are chosen for their resilience in wet, corrosive environments and wide temperature ranges. Constructed from stainless steel, they resist contamination. The core and plugnut, needing good magnetic properties like iron but are prone to corrosion, often employ stainless steel.

India Solenoid Valves Market Share

India Solenoid Valves Market – By Valve Design

By valve design, India Solenoid Valves Market is divided into 2-way, 3-way, 4-way, and 5-way segments. The 2-way valve design dominates the market, favored in process industries. The 2-way valves, along with actuators, positioners, and sensors, are crucial for automation. They regulate processes like sawdust control, hydraulic lifts, and process heating. Investments in process industries have boosted their adoption. Advances in electric current and magnetic field use enable automatic flow control, compact design, leak prevention, cost-efficiency, and lower power usage, driving their popularity.

India Solenoid Valves Market Demand

India Solenoid Valves Market – By Industry

Based on industry, India Solenoid Valves Market is divided into Oil & Gas, Chemical & Petrochemical, Water & Wastewater, Food & Beverages, Power Generation, Pharmaceuticals, Automotive, and Medical segments. The automotive industry is the highest contributor to the India Solenoid Valves Market. The automotive sector is rapidly expanding, leading to a higher need for solenoid valves. The solenoids play crucial roles in automotive systems such as exhaust, air intake, engine control, safety features, and steering. Growth in the solenoid valves industry is mainly fueled by emerging markets and the shifting of manufacturing sites. The overall expansion is advantageous for the solenoid valve industry.

India Solenoid Valves Market Size

India Solenoid Valves Market – By Region

Based on region, India Solenoid Valves Market is divided into North India, South India, East India, and West India. North India, encompassing major industrial hubs like Delhi and Punjab, is crucial for solenoid valve markets, driven by strong manufacturing and technological advancements. Meanwhile, each region is attributed to rapid solenoid valve growth across diverse sectors like food, automotive, and healthcare, bolstered by population growth, fuel demand, and rising incomes. These regions are pivotal in shaping India Solenoid Valve Market trends due to their industrial prominence and economic dynamics.

Competitive Landscape

Major players in the India Solenoid Valves Market include Parker Hannifin, Rotex Automation Limited, Aira Euro Automation, Mac Valves, Shakti Fluid Power, Yuco Valves India Private Limited, Festo India, Legris India Private Limited, and Clippard India Private Limited. To further enhance their Market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

  • In August 2019 – Ross Controls Company announced the acquisition of Pneumatrol Ltd for strengthening and expansion of its valve business.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2023

Base Year – 2023

Estimated Year – 2024

Forecast Period – 2024–2030

Facts Covered

Revenue in USD Million

Market Coverage

India, North India, South India, East India, West India

Product/Service Segmentation

Body Material, Valve Design, Industry, Region

Key Players

Parker Hannifin, Rotex Automation Limited, Aira Euro Automation, Mac Valves, Shakti Fluid Power, Yuco Valves India Private Limited, Festo India, Legris India Private Limited, Clippard India Private Limited

 

 

By Body Material

  • Stainless Steel

  • Brass

  • Aluminum

  • Plastic

By Valve Design

  • 2-way

  • 3-way

  • 4-way

  • 5-way

By Industry

  • Oil & Gas

  • Chemical & Petrochemical

  • Water & Wastewater

  • Food & Beverages

  • Power Generation

  • Pharmaceuticals

  • Automotive

  • Medical

By Region

  • North India

  • South India

  • East India

  • West India

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. India Solenoid Valves Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Expanding Automation in Various Industries
        2. Growing Demand for Energy Efficiency
        3. Rising Demand in Medical and Pharmaceutical Sectors
      2. Restraints
        1. High Initial Investment
        2. Limited Flow Capacity
      3. Opportunities
        1. Increasing Focus on Miniaturization and Integration
        2. Growth in Developing Economies
      4. Challenges
        1. Susceptibility to External Factors
        2. Competition from Alternative Technologies
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. India Solenoid Valves Market: Marketing Strategies
  5. India Solenoid Valves Market: Pricing Analysis
  6. India Solenoid Valves Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Body Material
        1. Stainless Steel
        2. Brass
        3. Aluminum
        4. Plastic
      2. By Valve Design
        1. 2-way
        2. 3-way
        3. 4-way
        4. 5-way
      3. By Industry
        1. Oil & Gas
        2. Chemical & Petrochemical
        3. Water & Wastewater
        4. Food & Beverages
        5. Power Generation
        6. Pharmaceuticals
        7. Automotive
        8. Medical
        9. Others
      4. By Region
        1. North India
        2. South India
        3. East India
        4. West India
  7. North India Solenoid Valves Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Body Material
      2. By Valve Design
      3. By Industry
  8. South India Solenoid Valves Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Body Material
      2. By Valve Design
      3. By Industry
  9. East India Solenoid Valves Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Body Material
      2. By Valve Design
      3. By Industry
  10. West India Solenoid Valves Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Body Material
      2. By Valve Design
      3. By Industry
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. India Solenoid Valves Company Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  12. Impact of Escalating Geopolitical Tensions on India Solenoid Valves Market
  13. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. Parker Hannifin
    2. Rotex Automation Limited
    3. Aira Euro Automation
    4. Mac Valves
    5. Shakti Fluid Power
    6. Yuco Valves India Private Limited
    7. Festo India
    8. Legris India Private Limited
    9. Clippard India Private Limited
    10. Other Prominent Players
  14. Key Strategic Recommendations
  15. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3.  Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4.  Breakdown of Primary Research Respondents, By Region
    5.  Assumptions & Limitations

 

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

 

List of Figures

 

Figure 1       India Solenoid Valves Market Segmentation 

Figure 2       India Solenoid Valves Market Value Chain Analysis 

Figure 3       Company Market Share Analysis, 2023

Figure 4       India Solenoid Valves Market Size, By Value (USD Million), 2019–2030

Figure 5       India Solenoid Valves Market Share, By Body Material, By Value, 2019–2030

Figure 6       India Solenoid Valves Market Share, By Valve Design, By Value, 2019–2030 

Figure 7       India Solenoid Valves Market Share, By Industry, By Value, 2019–2030        

Figure 8       North India Solenoid Valves Market Size, By Value (USD Million), 2019–2030

Figure 9       North India Solenoid Valves Market Share, By Body Material, By Value, 2019–2030 

Figure 10     North India Solenoid Valves Market Share, By Valve Design, By Value, 2019–2030         

Figure 11     North India Solenoid Valves Market Share, By Industry, By Value, 2019–2030

Figure 12     South India Solenoid Valves Market Size, By Value (USD Million), 2019–2030

Figure 13     South India Solenoid Valves Market Share, By Body Material, By Value, 2019–2030 

Figure 14     South India Solenoid Valves Market Share, By Valve Design, By Value, 2019–2030         

Figure 15     South India Solenoid Valves Market Share, By Industry, By Value, 2019–2030         

Figure 16     East India Solenoid Valves Market Size, By Value (USD Million), 2019–2030  

Figure 17     East India Solenoid Valves Market Share, By Body Material, By Value, 2019–2030         

Figure 18     East India Solenoid Valves Market Share, By Valve Design, By Value, 2019–2030         

Figure 19     East India Solenoid Valves Market Share, By Industry, By Value, 2019–2030 

Figure 20     West India Solenoid Valves Market Size, By Value (USD Million), 2019–2030 

Figure 21     West India Solenoid Valves Market Share, By Body Material, By Value, 2019–2030         

Figure 22     West India Solenoid Valves Market Share, By Valve Design, By Value, 2019–2030         

Figure 23     West India Solenoid Valves Market Share, By Industry, By Value, 2019–2030

 

List of Tables

 

Table 1        India Solenoid Valves Market Size, By Value (USD Million), 2019–2030

Table 2        India Solenoid Valves Market Size, By Body Material, By Value, 2019–2030

Table 3        India Solenoid Valves Market Size, By Valve Design, By Value, 2019–2030

Table 4        India Solenoid Valves Market Size, By Industry, By Value, 2019–2030

Table 5        North India Solenoid Valves Market Size, By Value (USD Million), 2019–2030

Table 6        North India Solenoid Valves Market Size, By Body Material, By Value, 2019–2030

Table 7        North India Solenoid Valves Market Size, By Valve Design, By Value, 2019–2030

Table 8        North India Solenoid Valves Market Size, By Industry, By Value, 2019–2030

Table 9        South India Solenoid Valves Market Size, By Value (USD Million), 2019–2030

Table 10      South India Solenoid Valves Market Size, By Body Material, By Value, 2019–2030

Table 11      South India Solenoid Valves Market Size, By Valve Design, By Value, 2019–2030

Table 12      South India Solenoid Valves Market Size, By Industry, By Value, 2019–2030

Table 13      East India Solenoid Valves Market Size, By Value (USD Million), 2019–2030

Table 14      East India Solenoid Valves Market Size, By Body Material, By Value, 2019–2030

Table 15      East India Solenoid Valves Market Size, By Valve Design, By Value, 2019–2030

Table 16      East India Solenoid Valves Market Size, By Industry, By Value, 2019–2030

Table 17      West India Solenoid Valves Market Size, By Value (USD Million), 2019–2030

Table 18      West India Solenoid Valves Market Size, By Body Material, By Value, 2019–2030

Table 19      West India Solenoid Valves Market Size, By Valve Design, By Value, 2019–2030

Table 20      West India Solenoid Valves Market Size, By Industry, By Value, 2019–2030

Table 21      Parker Hannifin Company Overview

Table 22      Parker Hannifin Financial Overview

Table 23      Rotex Automation Limited Company Overview

Table 24      Rotex Automation Limited Financial Overview

Table 25      Aira Euro Automation Company Overview

Table 26      Aira Euro Automation Financial Overview

Table 27      Mac Valves Company Overview

Table 28      Mac Valves Financial Overview

Table 29      Shakti Fluid Power Company Overview

Table 30      Shakti Fluid Power Financial Overview

Table 31      Yuco Valves India Private Limited Company Overview

Table 32      Yuco Valves India Private Limited Financial Overview

Table 33      Festo India Company Overview

Table 34      Festo India Financial Overview

Table 35      Legris India Private Limited Company Overview

Table 36      Legris India Private Limited Financial Overview

Table 37      Clippard India Private Limited Company Overview

Table 38      Clippard India Private Limited Financial Overview

Market Segmentation

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No data available

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Frequently Asked Questions (FAQs):

Ans: India Solenoid Valves Market size by value was estimated at USD 551.4 million in 2023.
Ans: India Solenoid Valves Market by value is expected to grow at a CAGR of 3.3% during the forecast period between 2024 and 2030.
Ans: India Solenoid Valves Market size is forecast to reach a value of USD 689.9 million by 2030.
Ans: The growth of the India Solenoid Valves Market is primarily driven by the increasing need for automation is driving the use of solenoid valves across different industries, such as water treatment.
Ans: The stainless steel segment accounts for the highest market share in the India Solenoid Valves Market.
Ans: The 2-way valve design accounts for the highest market share in the India Solenoid Valves Market.
Ans: The automotive industry accounts for the highest market share in the India Solenoid Valves Market.