India Solenoid Valves Market
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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.
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 – 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 – 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 – 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
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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
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- India Solenoid Valves Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Expanding Automation in Various Industries
- Growing Demand for Energy Efficiency
- Rising Demand in Medical and Pharmaceutical Sectors
- Restraints
- High Initial Investment
- Limited Flow Capacity
- Opportunities
- Increasing Focus on Miniaturization and Integration
- Growth in Developing Economies
- Challenges
- Susceptibility to External Factors
- Competition from Alternative Technologies
- Growth Drivers
- Technological Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- India Solenoid Valves Market: Marketing Strategies
- India Solenoid Valves Market: Pricing Analysis
- India Solenoid Valves Market Overview
- Market Size & Forecast, 2019–2030
- By Value (USD Million)
- Market Share & Forecast
- 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
- Others
- By Region
- North India
- South India
- East India
- West India
- By Body Material
- Market Size & Forecast, 2019–2030
- North India Solenoid Valves Market
- Market Size & Forecast, 2019–2030
- By Value (USD Million)
- Market Share & Forecast
- By Body Material
- By Valve Design
- By Industry
- Market Size & Forecast, 2019–2030
- South India Solenoid Valves Market
- Market Size & Forecast, 2019–2030
- By Value (USD Million)
- Market Share & Forecast
- By Body Material
- By Valve Design
- By Industry
- Market Size & Forecast, 2019–2030
- East India Solenoid Valves Market
- Market Size & Forecast, 2019–2030
- By Value (USD Million)
- Market Share & Forecast
- By Body Material
- By Valve Design
- By Industry
- Market Size & Forecast, 2019–2030
- West India Solenoid Valves Market
- Market Size & Forecast, 2019–2030
- By Value (USD Million)
- Market Share & Forecast
- By Body Material
- By Valve Design
- By Industry
- Market Size & Forecast, 2019–2030
- Competitive Landscape
- List of Key Players and Their Offerings
- India Solenoid Valves Company Market Share Analysis, 2023
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- Impact of Escalating Geopolitical Tensions on India Solenoid Valves Market
- Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 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
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumptions & Limitations
- Qualitative Research
*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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