Analysis of the Current Situation and Trends in the Electromagnetic Valve Industry
Electromagnetic valve is a device that uses electromagnetic force to control fluid flow, widely used in industrial automation, fluid control and other fields. Here is relevant industry information:
-Market size: With the transformation and upgrading of the manufacturing industry and the application of intelligent technology, the demand for solenoid valves continues to grow. In 2024, the market size of the automotive solenoid valve industry reached 10.397 billion yuan, a year-on-year increase of 6.18%. It is expected that the global solenoid valve market will grow at a certain compound annual growth rate in the coming years.
-Application areas: In addition to the automotive industry, it is also widely used in industrial fields such as chemical, petroleum, power, pharmaceuticals, as well as consumer fields such as smart homes and air conditioning.
-Development trend: Technologically moving towards intelligence and integration to meet the needs of efficient and precise control in industrial automation. In terms of environmental protection, energy-saving and environmentally friendly products will become mainstream. The market demand is becoming more diversified, and enterprises need to provide customized products according to different industries and scenarios.
-Industry chain: Upstream is the raw material and component industry, providing materials such as metals, plastics, and die-casting parts; Midstream is a manufacturer of solenoid valves; Downstream applications include vehicle manufacturing, automotive maintenance, and other related fields.
