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 & beverages markets. The global aluminium solenoid valves market is expected to reach an estimated $1.0 billion by 2030 from $0.9 billion in 2024, at 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.
A more than 150-page report to understand trends, opportunity and forecast in aluminium solenoid valves market to 2030 by design type (2 way, 3 way, 4 way, and 5 way), operating type (direct, semi-direct, and indirect), end use (water and wastewater, chemical and petrochemical, automotive, medical, pharmaceutical, power generation, and food & beverages), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that 2 way is expected to witness the highest growth over the forecast period.
Through this market, water and wastewater will remain the largest segment.
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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, 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 [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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