The magnetic valve industry at present is flooded with valves that offers diverse features like high precision, perfect low load, spring return, exceptionally quick positioning time, rust proof, chemical resistant, leak proof and no flow jump at the time of opening. Magnetic valves available in the automobile market come in diversity of sizes, power outputs, pressure rating, shapes, number of ports, flow and designs. The global magnetic valve market accounts for a total size of US$8 billion. Usually magnetic valves use stainless steel, aluminum, cast iron, copper, ductile iron, bronze, brass, nickel and plastics for its construction. Besides automobiles, magnetic valves are also used in other industrial applications like medical, mining, food processing, semiconductor and maritime.