Fuel Dispenser Solenoid Valve Market
Fuel Dispenser Solenoid Valve Market Forecasts to 2030 - Global Analysis By Type (Normally Closed (NC) Solenoid Valves, Normally Open (NO) Solenoid Valves, Direct-Acting Solenoid Valves, Pilot-Operated Solenoid Valves and Other Types), By Material Type (Stainless Steel, Brass, Aluminium and Other Material Types), By Applications (Emergency Shutoff, Bulk Fuel Distribution, Fuel Storage and Tank Management and Other Applications) and By Geography
|
Years Covered |
2021-2030 |
|
CAGR (2023 - 2030) |
4.8% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia-Pacific |
According to Stratistics MRC, the Global Fuel Dispenser Solenoid Valve Market is growing at a CAGR of 4.8% during the forecast period. A fuel dispenser solenoid valve is an electromechanical device used in fuel dispensing systems to control the flow of fuel from the storage tank to the customer's vehicle. It operates by opening or closing a valve using an electromagnetic coil regulating the fuel flow as per the desired volume. This precise control ensures accurate fuel dispensing, preventing overflows, leaks or unauthorized use.
According to the China Association of Automobile Manufacturers, 210,000 commercial vehicles and 996,000 passenger automobiles were produced in China as of April 2023.
Market Dynamics:
Driver:
Increasing demand for efficiency and accuracy
As fueling operations become more complex and fuel costs rise, the need for precise and efficient fuel dispensing has become paramount. Solenoid valves play a critical role in regulating the flow of fuel, ensuring that the right amount is dispensed accurately. This not only reduces fuel wastage and operational costs but also enhances the customer experience by preventing spills, overflows, and discrepancies in fuel transactions. As the industry continues to prioritize efficiency and accuracy, the adoption of advanced solenoid valve technology becomes essential, driving the market's growth.
Restraint:
Maintenance and replacement costs
While these valves are essential for precise fuel dispensing and regulatory compliance, they require periodic maintenance to ensure their proper functioning. Routine maintenance involves inspections, cleaning, and potential repairs, all of which contribute to ongoing operational expenses. Furthermore, over time, solenoid valves may wear out or fail, necessitating replacements. The cost of procuring and installing new valves, combined with potential downtime during replacement, can pose financial challenges to businesses, especially for smaller gas stations or distributors with limited budgets.
Opportunity:
Rising demand for fuel
With the world's increasing reliance on various modes of transportation and the continued use of fossil fuels, the demand for fuel remains robust. This creates a constant need for efficient and accurate fuel dispensing systems, where solenoid valves play a vital role in ensuring precise and safe fuel transactions. As the demand for fuel escalates, the market for solenoid valves is poised to grow as well, providing opportunities for manufacturers and service providers to meet the fueling needs of consumers, enhance operational efficiency, and contribute to the safe and effective distribution of fuel resources.
Threat:
Effective use of solenoid valves require specialized technical knowledge
The operation and maintenance of solenoid valves require a certain level of expertise, which can pose challenges for businesses that lack the necessary technical resources or skilled personnel. This knowledge barrier may result in higher training costs or reliance on third-party experts, potentially increasing operating expenses and hindering the seamless integration of solenoid valve technology. Furthermore, it can limit the market's accessibility to smaller or less technically oriented operators, reducing their willingness to adopt solenoid valve solutions.
Covid-19 Impact:
The Covid-19 pandemic has had a mixed impact on the Fuel Dispenser Solenoid Valve Market. While the initial lockdowns and restrictions reduced overall fuel consumption and, consequently, the demand for new installations, the importance of touchless and efficient fueling operations became more apparent. As safety concerns grew, solenoid valves that enable precise and contactless fuel dispensing gained relevance. Additionally, the pandemic accelerated the adoption of remote monitoring and automation, further driving the need for advanced solenoid valve technology. The market's resilience in adapting to changing circumstances highlights the importance of safety and efficiency in fuel dispensing.
The direct-acting solenoid valves segment is expected to be the largest during the forecast period
The direct-acting solenoid valves segment is expected to have a lucrative growth. These valves operate by using the magnetic force generated by the solenoid to directly control the valve mechanism, eliminating the need for external pressure to open or close the valve. This design simplifies the valve's structure, making it reliable and efficient for controlling fuel flow in dispensing systems. Direct-acting solenoid valves are known for their responsiveness, accuracy, and ability to handle a wide range of fuel types. They play a pivotal role in ensuring precise and controlled fuel transactions, preventing overflows and leaks, and contributing to the safety and efficiency of fuel dispensing operations.
The stainless steel segment is expected to have the highest CAGR during the forecast period
The stainless steel segment is anticipated to witness the fastest CAGR growth during the forecast period. Its corrosion-resistant properties make it an ideal choice for critical components, ensuring the valve's durability when in contact with various fuels, including gasoline and diesel. Stainless steel not only maintains its structural integrity but also prevents contamination of the fuel, enhancing safety and reliability in fuel dispensing systems. Its resilience in harsh environmental conditions and its compatibility with different fuel types make it a trusted choice, safeguarding against leaks and contributing to the long-term efficiency and safety of fueling operations, particularly in the demanding and varied conditions of the Fuel Dispenser Solenoid Valve Market.
Region with largest share:
During the forecast period, it is expected that the North American region market will continue to hold a majority of the market share. With a well-established network of gas stations and a high demand for fuel, solenoid valves are integral components in ensuring precise and efficient fuel dispensing operations. The region's strict regulatory requirements for safety and environmental compliance have made solenoid valves vital for preventing fuel spillage and ensuring accurate transactions. Additionally, the adoption of advanced technologies and the focus on enhancing the customer experience further drive the demand for innovative solenoid valve solutions.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period. The region's rapid economic growth, expanding urbanization, and increased use of vehicles have led to a surging demand for fuel, making precision and efficiency in fuel dispensing a top priority. Solenoid valves play a crucial role in this context by ensuring accurate transactions and preventing fuel wastage. As the adoption of advanced technology in fueling operations continues to rise, Asia Pacific stands as a vibrant market for solenoid valve solutions. The region's commitment to environmental regulations and safety further drives the demand for these valves, making Asia Pacific a pivotal contributor to the market's growth.
Key players in the market
Some of the key players in Fuel Dispenser Solenoid Valve market include Burkert Fluid Control Systems, Emerson Electric Co., Kendrion N.V., Magnatrol Valve Corporation, Parker Hannifin Corporation, Rotex Automation Limited, Sirai S.p.A., Sun Yeh Electrical Ind. Co., Ltd., The Lee Company and Zhejiang Yongjiu Scientific & Technological Industrial Co., Ltd.
Key Developments:
In November 2023, Emerson has announced its innovative new Fisher™ Whisper™ Trim Technology for use in both rotary and globe valves, providing an extension to Emerson’s current portfolio of Whisper noise solutions. This next generation of Fisher Whisper Trim technology addresses noise issues by using additive manufacturing and other advanced techniques to create trim designs with increased capabilities.
In October 2023, Kendrion and Miki Pulley sign agreement to bring permanent magnet brakes to the Japanese market. The agreement enables Miki Pulley and us to introduce the benefits of this high-performance technology to potential customers in Japan. The brakes will extend Miki Pulley’s broad portfolio of spring-applied brakes and couplings with a solution that offers their customers a new and different approach for high-end safety applications.
Types Covered:
• Normally Closed (NC) Solenoid Valves
• Normally Open (NO) Solenoid Valves
• Direct-Acting Solenoid Valves
• Pilot-Operated Solenoid Valves
• Other Types
Material Types Covered:
• Stainless Steel
• Brass
• Aluminium
• Other Material Types
Applications Covered:
• Emergency Shutoff
• Bulk Fuel Distribution
• Fuel Storage and Tank Management
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Fuel Dispenser Solenoid Valve Market, By Type
5.1 Introduction
5.2 Normally Closed (NC) Solenoid Valves
5.3 Normally Open (NO) Solenoid Valves
5.4 Direct-Acting Solenoid Valves
5.5 Pilot-Operated Solenoid Valves
5.6 Other Types
6 Global Fuel Dispenser Solenoid Valve Market, By Material Type
6.1 Introduction
6.2 Stainless Steel
6.3 Brass
6.4 Aluminium
6.5 Other Material Types
7 Global Fuel Dispenser Solenoid Valve Market, By Application
7.1 Introduction
7.2 Emergency Shutoff
7.3 Bulk Fuel Distribution
7.4 Fuel Storage and Tank Management
7.5 Other Applications
8 Global Fuel Dispenser Solenoid Valve Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Burkert Fluid Control Systems
10.2 Emerson Electric Co.
10.3 Kendrion N.V.
10.4 Magnatrol Valve Corporation
10.5 Parker Hannifin Corporation
10.6 Rotex Automation Limited
10.7 Sirai S.p.A.
10.8 Sun Yeh Electrical Ind. Co., Ltd.
10.9 The Lee Company
10.10 Zhejiang Yongjiu Scientific & Technological Industrial Co., Ltd.
List of Tables
1 Global Fuel Dispenser Solenoid Valve Market Outlook, By Region (2021-2030) ($MN)
2 Global Fuel Dispenser Solenoid Valve Market Outlook, By Type (2021-2030) ($MN)
3 Global Fuel Dispenser Solenoid Valve Market Outlook, By Normally Closed (NC) Solenoid Valves (2021-2030) ($MN)
4 Global Fuel Dispenser Solenoid Valve Market Outlook, By Normally Open (NO) Solenoid Valves (2021-2030) ($MN)
5 Global Fuel Dispenser Solenoid Valve Market Outlook, By Direct-Acting Solenoid Valves (2021-2030) ($MN)
6 Global Fuel Dispenser Solenoid Valve Market Outlook, By Pilot-Operated Solenoid Valves (2021-2030) ($MN)
7 Global Fuel Dispenser Solenoid Valve Market Outlook, By Other Types (2021-2030) ($MN)
8 Global Fuel Dispenser Solenoid Valve Market Outlook, By Material Type (2021-2030) ($MN)
9 Global Fuel Dispenser Solenoid Valve Market Outlook, By Stainless Steel (2021-2030) ($MN)
10 Global Fuel Dispenser Solenoid Valve Market Outlook, By Brass (2021-2030) ($MN)
11 Global Fuel Dispenser Solenoid Valve Market Outlook, By Aluminium (2021-2030) ($MN)
12 Global Fuel Dispenser Solenoid Valve Market Outlook, By Other Material Types (2021-2030) ($MN)
13 Global Fuel Dispenser Solenoid Valve Market Outlook, By Application (2021-2030) ($MN)
14 Global Fuel Dispenser Solenoid Valve Market Outlook, By Emergency Shutoff (2021-2030) ($MN)
15 Global Fuel Dispenser Solenoid Valve Market Outlook, By Bulk Fuel Distribution (2021-2030) ($MN)
16 Global Fuel Dispenser Solenoid Valve Market Outlook, By Fuel Storage and Tank Management (2021-2030) ($MN)
17 Global Fuel Dispenser Solenoid Valve Market Outlook, By Other Applications (2021-2030) ($MN)
18 North America Fuel Dispenser Solenoid Valve Market Outlook, By Country (2021-2030) ($MN)
19 North America Fuel Dispenser Solenoid Valve Market Outlook, By Type (2021-2030) ($MN)
20 North America Fuel Dispenser Solenoid Valve Market Outlook, By Normally Closed (NC) Solenoid Valves (2021-2030) ($MN)
21 North America Fuel Dispenser Solenoid Valve Market Outlook, By Normally Open (NO) Solenoid Valves (2021-2030) ($MN)
22 North America Fuel Dispenser Solenoid Valve Market Outlook, By Direct-Acting Solenoid Valves (2021-2030) ($MN)
23 North America Fuel Dispenser Solenoid Valve Market Outlook, By Pilot-Operated Solenoid Valves (2021-2030) ($MN)
24 North America Fuel Dispenser Solenoid Valve Market Outlook, By Other Types (2021-2030) ($MN)
25 North America Fuel Dispenser Solenoid Valve Market Outlook, By Material Type (2021-2030) ($MN)
26 North America Fuel Dispenser Solenoid Valve Market Outlook, By Stainless Steel (2021-2030) ($MN)
27 North America Fuel Dispenser Solenoid Valve Market Outlook, By Brass (2021-2030) ($MN)
28 North America Fuel Dispenser Solenoid Valve Market Outlook, By Aluminium (2021-2030) ($MN)
29 North America Fuel Dispenser Solenoid Valve Market Outlook, By Other Material Types (2021-2030) ($MN)
30 North America Fuel Dispenser Solenoid Valve Market Outlook, By Application (2021-2030) ($MN)
31 North America Fuel Dispenser Solenoid Valve Market Outlook, By Emergency Shutoff (2021-2030) ($MN)
32 North America Fuel Dispenser Solenoid Valve Market Outlook, By Bulk Fuel Distribution (2021-2030) ($MN)
33 North America Fuel Dispenser Solenoid Valve Market Outlook, By Fuel Storage and Tank Management (2021-2030) ($MN)
34 North America Fuel Dispenser Solenoid Valve Market Outlook, By Other Applications (2021-2030) ($MN)
35 Europe Fuel Dispenser Solenoid Valve Market Outlook, By Country (2021-2030) ($MN)
36 Europe Fuel Dispenser Solenoid Valve Market Outlook, By Type (2021-2030) ($MN)
37 Europe Fuel Dispenser Solenoid Valve Market Outlook, By Normally Closed (NC) Solenoid Valves (2021-2030) ($MN)
38 Europe Fuel Dispenser Solenoid Valve Market Outlook, By Normally Open (NO) Solenoid Valves (2021-2030) ($MN)
39 Europe Fuel Dispenser Solenoid Valve Market Outlook, By Direct-Acting Solenoid Valves (2021-2030) ($MN)
40 Europe Fuel Dispenser Solenoid Valve Market Outlook, By Pilot-Operated Solenoid Valves (2021-2030) ($MN)
41 Europe Fuel Dispenser Solenoid Valve Market Outlook, By Other Types (2021-2030) ($MN)
42 Europe Fuel Dispenser Solenoid Valve Market Outlook, By Material Type (2021-2030) ($MN)
43 Europe Fuel Dispenser Solenoid Valve Market Outlook, By Stainless Steel (2021-2030) ($MN)
44 Europe Fuel Dispenser Solenoid Valve Market Outlook, By Brass (2021-2030) ($MN)
45 Europe Fuel Dispenser Solenoid Valve Market Outlook, By Aluminium (2021-2030) ($MN)
46 Europe Fuel Dispenser Solenoid Valve Market Outlook, By Other Material Types (2021-2030) ($MN)
47 Europe Fuel Dispenser Solenoid Valve Market Outlook, By Application (2021-2030) ($MN)
48 Europe Fuel Dispenser Solenoid Valve Market Outlook, By Emergency Shutoff (2021-2030) ($MN)
49 Europe Fuel Dispenser Solenoid Valve Market Outlook, By Bulk Fuel Distribution (2021-2030) ($MN)
50 Europe Fuel Dispenser Solenoid Valve Market Outlook, By Fuel Storage and Tank Management (2021-2030) ($MN)
51 Europe Fuel Dispenser Solenoid Valve Market Outlook, By Other Applications (2021-2030) ($MN)
52 Asia Pacific Fuel Dispenser Solenoid Valve Market Outlook, By Country (2021-2030) ($MN)
53 Asia Pacific Fuel Dispenser Solenoid Valve Market Outlook, By Type (2021-2030) ($MN)
54 Asia Pacific Fuel Dispenser Solenoid Valve Market Outlook, By Normally Closed (NC) Solenoid Valves (2021-2030) ($MN)
55 Asia Pacific Fuel Dispenser Solenoid Valve Market Outlook, By Normally Open (NO) Solenoid Valves (2021-2030) ($MN)
56 Asia Pacific Fuel Dispenser Solenoid Valve Market Outlook, By Direct-Acting Solenoid Valves (2021-2030) ($MN)
57 Asia Pacific Fuel Dispenser Solenoid Valve Market Outlook, By Pilot-Operated Solenoid Valves (2021-2030) ($MN)
58 Asia Pacific Fuel Dispenser Solenoid Valve Market Outlook, By Other Types (2021-2030) ($MN)
59 Asia Pacific Fuel Dispenser Solenoid Valve Market Outlook, By Material Type (2021-2030) ($MN)
60 Asia Pacific Fuel Dispenser Solenoid Valve Market Outlook, By Stainless Steel (2021-2030) ($MN)
61 Asia Pacific Fuel Dispenser Solenoid Valve Market Outlook, By Brass (2021-2030) ($MN)
62 Asia Pacific Fuel Dispenser Solenoid Valve Market Outlook, By Aluminium (2021-2030) ($MN)
63 Asia Pacific Fuel Dispenser Solenoid Valve Market Outlook, By Other Material Types (2021-2030) ($MN)
64 Asia Pacific Fuel Dispenser Solenoid Valve Market Outlook, By Application (2021-2030) ($MN)
65 Asia Pacific Fuel Dispenser Solenoid Valve Market Outlook, By Emergency Shutoff (2021-2030) ($MN)
66 Asia Pacific Fuel Dispenser Solenoid Valve Market Outlook, By Bulk Fuel Distribution (2021-2030) ($MN)
67 Asia Pacific Fuel Dispenser Solenoid Valve Market Outlook, By Fuel Storage and Tank Management (2021-2030) ($MN)
68 Asia Pacific Fuel Dispenser Solenoid Valve Market Outlook, By Other Applications (2021-2030) ($MN)
69 South America Fuel Dispenser Solenoid Valve Market Outlook, By Country (2021-2030) ($MN)
70 South America Fuel Dispenser Solenoid Valve Market Outlook, By Type (2021-2030) ($MN)
71 South America Fuel Dispenser Solenoid Valve Market Outlook, By Normally Closed (NC) Solenoid Valves (2021-2030) ($MN)
72 South America Fuel Dispenser Solenoid Valve Market Outlook, By Normally Open (NO) Solenoid Valves (2021-2030) ($MN)
73 South America Fuel Dispenser Solenoid Valve Market Outlook, By Direct-Acting Solenoid Valves (2021-2030) ($MN)
74 South America Fuel Dispenser Solenoid Valve Market Outlook, By Pilot-Operated Solenoid Valves (2021-2030) ($MN)
75 South America Fuel Dispenser Solenoid Valve Market Outlook, By Other Types (2021-2030) ($MN)
76 South America Fuel Dispenser Solenoid Valve Market Outlook, By Material Type (2021-2030) ($MN)
77 South America Fuel Dispenser Solenoid Valve Market Outlook, By Stainless Steel (2021-2030) ($MN)
78 South America Fuel Dispenser Solenoid Valve Market Outlook, By Brass (2021-2030) ($MN)
79 South America Fuel Dispenser Solenoid Valve Market Outlook, By Aluminium (2021-2030) ($MN)
80 South America Fuel Dispenser Solenoid Valve Market Outlook, By Other Material Types (2021-2030) ($MN)
81 South America Fuel Dispenser Solenoid Valve Market Outlook, By Application (2021-2030) ($MN)
82 South America Fuel Dispenser Solenoid Valve Market Outlook, By Emergency Shutoff (2021-2030) ($MN)
83 South America Fuel Dispenser Solenoid Valve Market Outlook, By Bulk Fuel Distribution (2021-2030) ($MN)
84 South America Fuel Dispenser Solenoid Valve Market Outlook, By Fuel Storage and Tank Management (2021-2030) ($MN)
85 South America Fuel Dispenser Solenoid Valve Market Outlook, By Other Applications (2021-2030) ($MN)
86 Middle East & Africa Fuel Dispenser Solenoid Valve Market Outlook, By Country (2021-2030) ($MN)
87 Middle East & Africa Fuel Dispenser Solenoid Valve Market Outlook, By Type (2021-2030) ($MN)
88 Middle East & Africa Fuel Dispenser Solenoid Valve Market Outlook, By Normally Closed (NC) Solenoid Valves (2021-2030) ($MN) 89 Middle East & Africa Fuel Dispenser Solenoid Valve Market Outlook, By Normally Open (NO) Solenoid Valves (2021-2030) ($MN) 90 Middle East & Africa Fuel Dispenser Solenoid Valve Market Outlook, By Direct-Acting Solenoid Valves (2021-2030) ($MN)
91 Middle East & Africa Fuel Dispenser Solenoid Valve Market Outlook, By Pilot-Operated Solenoid Valves (2021-2030) ($MN)
92 Middle East & Africa Fuel Dispenser Solenoid Valve Market Outlook, By Other Types (2021-2030) ($MN)
93 Middle East & Africa Fuel Dispenser Solenoid Valve Market Outlook, By Material Type (2021-2030) ($MN)
94 Middle East & Africa Fuel Dispenser Solenoid Valve Market Outlook, By Stainless Steel (2021-2030) ($MN)
95 Middle East & Africa Fuel Dispenser Solenoid Valve Market Outlook, By Brass (2021-2030) ($MN)
96 Middle East & Africa Fuel Dispenser Solenoid Valve Market Outlook, By Aluminium (2021-2030) ($MN)
97 Middle East & Africa Fuel Dispenser Solenoid Valve Market Outlook, By Other Material Types (2021-2030) ($MN)
98 Middle East & Africa Fuel Dispenser Solenoid Valve Market Outlook, By Application (2021-2030) ($MN)
99 Middle East & Africa Fuel Dispenser Solenoid Valve Market Outlook, By Emergency Shutoff (2021-2030) ($MN)
100 Middle East & Africa Fuel Dispenser Solenoid Valve Market Outlook, By Bulk Fuel Distribution (2021-2030) ($MN)
101 Middle East & Africa Fuel Dispenser Solenoid Valve Market Outlook, By Fuel Storage and Tank Management (2021-2030) ($MN) 102 Middle East & Africa Fuel Dispenser Solenoid Valve Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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