Leading market players are investing heavily in research and development in order to spread their product lines, which will help the Solenoid Valve market grow even more. Market participants are also undertaking a various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Solenoid Valve industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Solenoid Valve industry to benefit clients and increase the market sector. In recent years, the Solenoid Valve industry has offered some of the most significant advantages to different end-use industries. Major players in the Industrial Valve, including CKD Corporation, Emerson Electric Corporation, Kendrion, GF Piping, IMI Precision Engineering, Danfoss Industries Ltd., Curtiss Wright Corporation, Parker Hannifin Corporation, ASCO Valves Inc., Rotex SAutomation, SMC Corporation, The Lee Company, and others, are attempting to increase market demand by investing in research and development operations.
Emerson Electric Co., headquartered in Ferguson, Missouri, is an American multinational corporation. The company avails engineering services for industrial, consumer, and commercial markets and manufactures the products. The technologies and services to enhance human comfort, safeguard food, protect the environment, provide sustainable food waste disposal, and support efficient construction are developed by the commercial and residential solutions of the company. In February 2022, an integrated facility was inaugurated by Emerson at Mahindra World City in Chennai. The manufacturing was integrated under one roof to strengthen the production synergies for some of its important products.
The fluid control and pneumatic products like solenoid valves, air preparation units, cylinders, pneumatic valves and manifolds, position monitoring, and high-pressure regulators will be manufactured by the facility for the field-proven brand AVENTICS, ASCO, TopWorx, and TESCOM fields of Emerson.
Founded in May 2005, Kendrion Suzhou is specialized in electromagnetic components: solenoids, brakes, and clutches for automotive and industrial sectors. The company manufactures and provides highly innovative and technologically sophisticated products: controllers and actuators. In October 2022, a New bistable solenoid valve 63.0 at COMPAMED 2022 was presented by Kendrion. This valve controls the flow rate with great precision and speed. It is kept de-energized by the integrated permanent magnet in the open or closed state without the coil being permanently energized.
The valve is available in the 2/2 or 3/2-way version and can be adapted to reach the specific requirement. A lead wire or connector version for PCB interfacing, and common sealing materials like NBR, EPDM, or FPM is also available.