South America Solenoid Valve Market – Size, Trends and Forecast (2024

South America Solenoid Valve Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

A solenoid valve is an electromechanically operated device, which is controlled by an electric current used for controlling liquid or gas flow. Solenoid valve offers high reliability, fast and safe switching, extended service life, and compact design and low power. Increasing applications of solenoid valves into various industries lower the price of the pipe and decrease the power consumption.

South America Solenoid Valve Market Segments Size & Growth:

South America solenoid valve market is expected to reach $XX Billion by 2024 from approximately $XX Billion in 2017 at a CAGR of around XX%. Increasing adoption of solenoid valves in food & beverages industry, low power consumption, technology advancement, automotive flow system and applications of solenoid valves in various sectors are significantly driving the market growth. However, factors are affecting the solenoid valve market growth such as power failure, uneven pressure and wrong voltage along with budget allocation is limiting the solenoid valve market.

South America Solenoid Valve Market Segments Share:

South America Solenoid valve market functionalities include solenoid valve operation, material, valve design, component, type, the electrical signal, application, end user, and geography. Based on the process of a solenoid valve, solenoid valve market is categorised into direct operated, indirect operated and semi-direct operated. Among which direct operated solenoid valve has most straightforward operating principle. These are suitable for negative pressure circuits and available in cost-effective, compact sizes. Indirect operated solenoid valves operate at higher pressure and temperature ranges with low power consumption. All these operations applied to various applications, and show substantial growth rates in the solenoid valve market.

A material of solenoid valve can be of stainless steel body material, brass body material, aluminium body material and plastic body material. The valve body should be compatible with fluid. For general, and slightly aggressive media applications, stainless steel valves are used. Mostly used stainless steel solenoid valves include stainless steel coaxial solenoid valve and stainless steel solenoid valve pilot. Brass body, stainless steel solenoid valves, are useful for the general purpose, controlling air, water, atmospheric gases and corrosion applications. Similarly, a plastic body material solenoid valve material is used for the

South America Solenoid Valve Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

domestic appliance and agricultural systems and offer cost-effective and lightweight solutions. Different materials have different applications under various operations, which is driving the market.

Valve design for 3-way solenoid valves is expected to witness highest growth rate owing to the usage of these valves in water and wastewater treatment plants. These valves classification was done in 2-way, 3-way, 4-way, and 5-way.

Components of solenoid valves market include coil/solenoid, plunger, orifice, spring seal and others. A plunger is a magnetic component that moves when the solenoid is energised. The coil/solenoid is the turns of copper wire that surround the core tube and induce the movement of the core. Passage of an electric current operates this through a solenoid.

Based on the type, a market is segmented into core disc type solenoid valve, floating diaphragm-type solenoid valve, flapper disc type solenoid valve, hung diaphragm-type solenoid valve, lever type solenoid valve, piston type solenoid valve, and slide disc type solenoid valve. Among which diaphragm type solenoid valves are available in a wide range of materials to suit almost all the industrial applications. These are most commonly associated with 2-way solenoid valves.

Electric signals of solenoid valve categorised into AC signal and DC signal. The solenoid valves can be operated using either of DC (Direct Current) or AC (Alternating Current) electrical signals. Solenoid valves are used to control and modulate the flow of liquids and gases.

Applications of solenoid valve include laundry & dry-cleaning equipment, industrial washing equipment, autoclaves/ sterilisers, compressors and vacuum pumps, plastic moulding machinery, food-processing machinery and others. One of the most widespread applications of the solenoid valve is in the refrigeration systems. They are used in air conditioners to change the direction of the flow of the refrigerant so that they can be & beverages, power

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South America Solenoid Valve Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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