Global Explosion Proof Solenoid Valves Market Growth 2023-2029

Global Explosion Proof Solenoid Valves 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 Valves Industry Forecast” looks at past sales and reviews total world Explosion Proof Solenoid Valves sales in 2022, providing a comprehensive analysis by region and market sector of projected Explosion Proof Solenoid Valves sales for 2023 through 2029. With Explosion Proof Solenoid Valves 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 Valves industry.

This Insight Report provides a comprehensive analysis of the global Explosion Proof Solenoid Valves 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 Valves 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 Valves market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Explosion Proof Solenoid Valves 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 Valves.

The global Explosion Proof Solenoid Valves 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 Valves market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Pilot Type

Direct Acting Type

Others

Segmentation by application

Chemical Industry

Petrochemical

Oil and Gas

Gas Pipe Network

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.

ASCO

Parker

Kendrion

Festo

SMC

Bürkert

Norgren

CKD

KONAN ELECTRIC

ODE

Peter Paul valve

Airtec

Shanghao Hope

SHAKO

Rotex

Kaneko Corporation

JVL

Shanghai Taiming

Zhejiang Yongjiu

PRO UNI-D

Key Questions Addressed in this Report

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

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

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

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

How does Explosion Proof Solenoid Valves 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.