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The Solenoid Valve Market Trends were valued at USD 5.6 billion in 2022 and are projected to reach USD 8.02 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.6% during the forecast period from 2023 to 2030.Solenoid valves play a crucial role in various industries, including oil and gas, water and wastewater treatment, chemical processing, and automotive. These valves are electromechanical devices that control the flow of fluids or gases by using an electric current to activate a magnetic field, allowing ... more

The Solenoid Valve Market Growth was valued at USD 5.6 billion in 2022 and is projected to reach USD 8.02 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.6% during the forecast period from 2023 to 2030.This robust growth trajectory underscores the increasing demand for solenoid valves across various industries. Solenoid valves, which are electromechanical devices used to control the flow of fluids or gases, have become indispensable in numerous applications due to their reliability, efficiency, and pre... more