Global Explosion-Proof Solenoid Valve Market Growth 2023-2029

Global Explosion-Proof Solenoid Valve Market Growth 2023-2029

A solenoid valve is an electromechanically operated valve. The valve is controlled by an electric current through a solenoid: in the case of a two-port valve the flow is switched on or off; in the case of a three-port valve, the outflow is switched between the two outlet ports. Multiple solenoid valves can be placed together on a manifold.

Explosion Proof Solenoid Valves are solenoid valves for use on actuator control applications located in hazardous areas that are required to comply with the International Electrical Commission Explosive directives or ATEX EU, North American NEC directives.

LPI (LP Information)' newest research report, the “Explosion-Proof Solenoid Valve Industry Forecast” looks at past sales and reviews total world Explosion-Proof Solenoid Valve sales in 2022, providing a comprehensive analysis by region and market sector of projected Explosion-Proof Solenoid Valve sales for 2023 through 2029. With Explosion-Proof Solenoid Valve sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Explosion-Proof Solenoid Valve industry.

This Insight Report provides a comprehensive analysis of the global Explosion-Proof Solenoid Valve landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Explosion-Proof Solenoid Valve portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Explosion-Proof Solenoid Valve market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Explosion-Proof Solenoid Valve and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Explosion-Proof Solenoid Valve.

The global Explosion-Proof Solenoid Valve market size is projected to grow from US$ 553.7 million in 2022 to US$ 676.6 million in 2029; it is expected to grow at a CAGR of 676.6 from 2023 to 2029.

The world's leading manufacturers of explosion proof solenoid valves are Asco, Parker, Kendrion, Festo, SMC, Burkert, Norgren, CKD, Konan Electric and ODE.

This report presents a comprehensive overview, market shares, and growth opportunities of Explosion-Proof Solenoid Valve market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Two-Way Solenoid Valve
Three-Way Solenoid Valve
Four-Way Solenoid Valve

Segmentation by application
Chemical
Water Treatment
Oil and Gas
Power Generation
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Danfoss
Emerson
Omega Engineering
Parker Hannifin
Rotork
Avcon Controls
Burkert Contromatic
CKD
Curtiss-Wright
Festo
Janatics
Ningbo Kailing Pneumatic
Rotex Automation
SMC Corporation
Takasago Electric

Key Questions Addressed in this Report

What is the 10-year outlook for the global Explosion-Proof Solenoid Valve market?

What factors are driving Explosion-Proof Solenoid Valve market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Explosion-Proof Solenoid Valve market opportunities vary by end market size?

How does Explosion-Proof Solenoid Valve break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.