Analysis of the Market Size and Future Development Trends of Electromagnetic Valves

Electromagnetic valve is an industrial equipment controlled by electromagnetic force, used to control fluids and widely used in industrial automation, automotive, medical and other fields.

In terms of market size, the global solenoid valve market is expected to reach $4.78 billion by 2024 and is projected to grow at a compound annual growth rate of 4.9% by 2029. The Chinese market is also growing rapidly, with an expected scale of 853 million yuan by 2025 and 1.87 billion yuan by 2030.

In terms of industry trends, with the transformation and upgrading of the manufacturing industry and the development of intelligent technology, the demand for solenoid valves continues to grow, and emerging industries such as new energy vehicles bring new opportunities for them. Technologically, innovative technologies such as intelligent control and low power consumption will be more widely applied. At the same time, environmental protection and sustainable development have become important trends, and enterprises need to pay attention to the environmental performance of their products, adopt environmentally friendly materials, and optimize production processes.