According to a market report by Lucintel, the future of the global aluminium solenoid valves market looks promising with opportunities in the water and wastewater, chemical and petrochemical, automotive, medical, pharmaceutical, power generation, and food & beverage markets. The global aluminium solenoid valves market is expected to reach an estimated $1 billion by 2030 with a CAGR of 2.3% from 2024 to 2030. The major drivers for this market are growing demand in food handling application, increasing penetration in consumer electronic devices, and on-going research and development in valves.
In this market, 2 way, 3
way, 4 way, and 5 way are the major segments of aluminium solenoid valves
market by design type.
Lucintel forecasts that
2 way is expected to witness highest growth over the forecast period.
Within this market,
water and wastewater will remain the largest segment.
North America will
remain the largest region over the forecast period due to rising demand for
safe and sanitary water supply and growing demand for water treatment plants in
the region.
CEME, CKD, ODE, KANEKO
SANGYO, Takasago Electric, Curtiss-wright, ALFA LAVAL, IMI plc, LESER, and The
Weir are the major suppliers in the aluminium solenoid valves market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal, ZACKS,
and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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