Prominent Players - Solenoid Valves Industry

Jun, 2023 - by CMI

Prominent Players - Solenoid Valves Industry

 

Solenoid valve is a device used for controlling flow of liquid or gaseous elements. The mechanism of a solenoid valve is based on the principle of electromagnetic force to operate various function of the valve. In Solenoid valve, flow of the elements is controlled by passing electric current. Solenoid valves are commonly used as control elements in fluidics.

The Solenoid Valves are designed to resist adverse temperature, humidity, and corrosive conditions, which makes it most preferred valves in food and beverages industry. In order to last long these valves are made up of stainless steel due to its contaminant resistant qualities.

Leading Companies in the Solenoid Valves Industry:

1) The Curtiss-Wright Corporation 

The Curtiss-Wright Corporation is a manufacturer and services provider. The company makes many related components, particularly actuators, aircraft controls, valves, and surface-treatment services. It also supplies the commercial, industrial, defence, and energy markets; it makes parts for commercial and naval nuclear power systems, industrial vehicles, and oil- and gas-related machinery. Curtiss-Wright was founded in the year 1929, and the headquarters are located in Davidson, North Carolina, United States.

As of November 2022, the company announced that it had completed the acquisition of the stock of Keronite Group Limited (Keronite) for U.S. $ 35 million in cash. Keronite is a leading provider of Plasma Electrolytic Oxidation (PEO) surface treatment applications.

2) Danfoss

Danfoss is a Danish multinational company, based in Denmark, with more than 40,043 employees globally. The company was founded in the year 1933, by an engineer names Mads Clausen. The headquarters are located in Nordberg, Denmark. Products manufactured include Refrigeration, air conditioning, the control of electric motors, the heating of buildings, solutions for renewable energy such as solar power and heat pumps.

As of April 2023, the company has made the newest addition to the range—C262L-EZD—is a dual-circuit evaporator that’s ideal for scroll chillers.

3) The Lee Company

The Lee Company is a world leader in miniature precision fluid control products for industries like aerospace and defence, automotive, diagnostics, industrial and off-highway, medical equipment, scientific instruments, motorsports, oil and gas, power generation, and many others. The company provides engineered solutions for some of the world’s largest and most innovative companies. The LEE Company was founded in the year 1948, and the headquarters are located in Franklin.

As of November 2022, the company has been recognized as One of Forty-Four Suppliers to NASA's Artemis Moon Exploration Program.

4) Parker Hannifin Corporation

Parker Hannifin Corporation, originally Parker Appliance Company, usually referred to as just Parker, is an American corporation specializing in motion and control technologies. Connecticut. The firm is one of the largest companies in the world in motion control technologies, including aerospace, climate control, electromechanical, filtration, fluid and gas handling, hydraulics, pneumatics, process control, and sealing and shielding. Parker employs about 55,000 people globally. Parker was founded in the year 1917, and the headquarters are located in Ohio, United States.

In 2022, the company was ranked 253 in the Fortune 500. In August 2021, the company agreed to buy British aerospace and defence company Meggitt for £6.3 billion.

5) IMI Plc.

IMI Plc. formerly Imperial Metal Industries, is a British-based engineering company. The company was founded by Scottish entrepreneur George Kynoch who opened a percussion cap factory in Witten, West Midlands in 1862, trading as Kynoch. The company manufactures goods ranging from soap and bicycle components to non-ferrous metals. The headquarters are located in Birmingham, England, UK.

In November 2022, it was announced IMI had acquired the Blackburn-based smart thermostatic control manufacturer, Heatmiser, for £110 million.

 

LogoCredibility and Certifications

Trusted Insights, Certified Excellence! Coherent Market Insights is a certified data advisory and business consulting firm recognized by global institutes.

© 2024 Coherent Market Insights Pvt Ltd. All Rights Reserved.