Global Solenoid Valve Market1, 2015 – 2021

Solenoid Valve Market
A solenoid valve is a valve that works electromechanically. It is used for controlling the liquid
or gas flow. Electric current controls the valve through a solenoid. The valve uses a solenoid
to control the valve activation. Fluidics, most commonly, use solenoid valves as control
elements. Various tasks like the release, shut-off, mix or distribute fluids are performed by
them. High reliability, extended service life, compact design, safe and fast switching, and
low control power are the features that are offered by the solenoid.
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As the solenoid valve market is progressing at a great pace, it is expected to witness a
significant growth in the coming years. New technologies are developing in the solenoid
valve market due to the constant development. The factors that are driving the evolution of
the market of solenoid valve globally are the increased applications of solenoid valves into
various industrialized sectors, poor consumption of power, and lower price. Moreover, the
development of new solenoid valves such as the micro-miniature, pinch, and customized
valves have encouraged the growth of the solenoid valve market globally. Few problems
have impacted the solenoid valve market growth negatively; some of which are the power
failure, an incorrect voltage that may affect the working of solenoid valve because of which
solenoid valves may not open, and so on are the common issues associated with solenoid
valves.