Solenoid Valves Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

Global Solenoid Valves Market: By Type (Direct-acting valves and Pilot-operated valves); By Function (2-Way, 3-Way, 4-Way, and 5-Way); Material (Stainless Steel, Aluminum, Plastic, and Others); Operation (Normally open, Normally closed, and Universal); Media (Air, Gas, and Water); Industry (Oil & Gas, Chemical & Petrochemical, F&B, Power Generation, Automotive, and Others); and Region—Industry Dynamics, Market Size, Opportunity and Forecast Until 2031

The global solenoid valves market is expected to see substantial growth in revenue, increasing from US$ 4,429.6 Mn in 2022 to US$ 7,281.6 Mn by 2031. This market is projected to grow at a Compound Annual Growth Rate (CAGR) of 5.6% from 2023 to 2031. Read More

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• Published On: 15-Feb-2023  |  Format:  |  Report ID: AA0622278