Global Solenoid Actuators Market
Global Solenoid Actuators was valued at US$ 3,698.30 Mn in 2021, estimated to reach US$ 6,692.45 Mn in 2027, with a CAGR of 8.49% from 2022-2027.
Solenoid actuators are the workhorses of the motion world, designed to deliver reliable operation even in harsh environments. They are designed to operate under immense amounts of force for various large-scale applications in the industrial industry. In addition to this, solenoid actuators also provide better positioning performance, eliminate fluid leaks, obtain greater control flexibility, improve energy efficiency, and maintain the robustness & reliability of existing technologies.
Market Drivers
Emergence of research and development efforts and technological advancement expected to boost the growth of Global Solenoid Actuators Market. The increase in demand for wastewater treatment facilities will be a major factor in the market's expansion. The market for solenoid actuators is also being driven by industrialization and rising urbanization. The market for solenoid actuator will also grow due to the growing implementation of these devices in a variety of industrial sectors.
Growing consumer demand from the food and beverage industry and increasing use of valve diagnostic systems will be key drivers of the solenoid actuator market's expansion. Technological improvement and an increase in R&D efforts will broaden favorable chances for market expansion.
The market for solenoid valves is primarily being driven by the growing popularity of process automation and the increased deployment of solenoid actuators in various process sectors. These actuators are frequently used in water treatment facilities.
Market Restraints
The high cost of solenoid actuators will slow the market's expansion. Additionally, a demand-supply imbalance and shifting component costs will make the market more difficult to navigate. The pricing of solenoid actuator is influenced by a variety of economic, environmental, political, and social issues, which is one of the market's biggest challenges.
Additionally, the market for solenoid actuator is being adversely affected by the drop in oil and gas prices as well as an increase in the shutdown of thermal power facilities.
Market Segmentation
The Global Solenoid Actuators Market is segmented into type such as Pneumatic Solenoid Valves, Hydraulic Solenoid Valves, Tubular/box frame solenoid Valves. By end use industry, market is segmented into Chemical & Petrochemical, Oil & Gas, Food & Beverages, Water & Wastewater, Power Generation, Automotive, Aerospace, Pharmaceutical, Medical. By Application, market is segmented into Linear Application, Valve Actuator, Latch/Switch, Push/Pull Object, etc.
Regional Analysis
The Global Solenoid Actuators Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
North America is estimated to portray the largest CAGR of 8.59% during the forecast period. Due to the expansion in the oil & gas production. The active expansion of the unconventional oil & gas upstream activities like shale gas production and domestic & commercial construction has led to an increase in demand for actuators across the North America.
In Europe Region, Solenoid Actuators captured 23.61% of revenue share in 2021. Due to the rise in investment in the food & beverage and power generation industries in the region due to growth in consumption.
Key Players
LINTEC CO., LTD, NSF Controls, Lesman, EMWorks, Magnet-Schultz of America (MSA), Indian Solenoids, Takano, Kendrion, Asahi, Magnetic Sensor Systems, TLX Technologies, LOVATO Electric, Process Systems, etc.
Market Taxonomy
By Type
By End Use Industry
By Application
By Region
Global Solenoid Actuators Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Solenoid Actuators Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Solenoid Actuators Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Solenoid Actuators Market Share Analysis, By Type
5.3 Global Solenoid Actuators Market Size and Forecast, By Type
5.3.1 Pneumatic Solenoid Valves
5.32. Hydraulic Solenoid Valves
5.3.3. Tubular/box frame solenoid Valves
6 Global Solenoid Actuators Market, By End Use Industry
6.1 Y-o-Y Growth Comparison, By End Use Industry
6.2 Global Solenoid Actuators Market Share Analysis, By End Use Industry
6.3 Global Solenoid Actuators Market Size and Forecast, By End Use Industry
6.3.1 Chemical & Petrochemical
6.3.2. Oil & Gas
6.3.3. Food & Beverages
6.3.4. Water & Wastewater
6.3.5. Power Generation
6.3.6. Automotive
6.3.7. Aerospace
6.3.8. Pharmaceutical
6.3.9. Medical
7 Global Solenoid Actuators Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Solenoid Actuators Market Share Analysis, By Application
7.3 Global Solenoid Actuators Market Size and Forecast, By Application
7.3. 1 Linear Application
7.3.2. Valve Actuator
7..3. Latch/Switch
7.3.4. Push/Pull Object
8 Global Solenoid Actuators Market, By Region
8.1 Global Solenoid Actuators Market Share Analysis, By Region
8.2 Global Solenoid Actuators Market Share Analysis, By Region
8.3 Global Solenoid Actuators Market Size and Forecast, By Region
9 North America Solenoid Actuators Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Solenoid Actuators Market Share Analysis, By Type
9.3 North America Solenoid Actuators Market Size and Forecast, By End Use Industry
9.4 North America Solenoid Actuators Market Size and Forecast, By Application
9.5 North America Solenoid Actuators Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Solenoid Actuators Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Solenoid Actuators Market Share Analysis, By Type
10.3 Europe Solenoid Actuators Market Size and Forecast, By End Use Industry
10.4 Europe Solenoid Actuators Market Size and Forecast, By Application
10.5 Europe Solenoid Actuators Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11 Asia Pacific Solenoid Actuators Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Solenoid Actuators Market Share Analysis, By Type
11.3 Asia Pacific Solenoid Actuators Market Size and Forecast, By End Use Industry
11.4 Asia Pacific Solenoid Actuators Market Size and Forecast, By Application
11.5 Asia Pacific Solenoid Actuators Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Solenoid Actuators Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Solenoid Actuators Market Share Analysis, By Type
12.3 Latin America Solenoid Actuators Market Size and Forecast, By End Use Industry
12.4 Latin America Solenoid Actuators Market Size and Forecast, By Application
12.5 Latin America Solenoid Actuators Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Solenoid Actuators Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle East Solenoid Actuators Market Share Analysis, By Type
13.3 Middle East Solenoid Actuators Market Size and Forecast, By End Use Industry
13.4 Middle East Solenoid Actuators Market Size and Forecast, By Application
13.5 Middle East Solenoid Actuators Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 LINTEC CO.LTD
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. NSF Controls
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Lesman
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 EMWorks
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Magnet-Schultz of America (MSA)
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Indian Solenoids
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Takano
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Kendrion
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Magnetic Sensor Systems
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
15.11 TLX Technologies
15.11.1 Overview
15.11.2 Offerings
15.11.3 Key Financials
15.11.4 Business Segment & Geographic Overview
15.11.5 Key Market Developments
15.11.6 Key Strategies
15.12 Process Systems
15.12.1 Overview
15.12.2 Offerings
15.12.3 Key Financials
15.12.4 Business Segment & Geographic Overview
15.12.5 Key Market Developments
15.12.6 Key Strategies
