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.
Worldwide, Europe is the largest market of explosion proof solenoid valve consumption value market, while China is the largest consumption volume market. It is estimated that Europe accounts for about 30% of the industry total revenue. After development of about two decades, China has become the largest consumption volume markket of explosion proof solenoid valve. In 2016, China produces about 25.58% of the global total consumption volume. The market in other developing countries or regions, such as South America is becoming the most important emerging consumption market of solenoid valve. And the production technology and production scale of explosion proof solenoid valve in these regions are also developing quickly, partly driven by the capacity movement from developed countries.
For the applications of explosion proof solenoid valve, products for Chemical industry, Petrochemical, Oil and gas and Gas pipe network are the main market driven engine for industry consumption volume. The demand of explosion proof solenoid valve on Chemical industry accounts for more than 30% of the market consumption volume.
According to this study, over the next five years the Explosion Proof Solenoid Valves market will register a 3.3% CAGR in terms of revenue, the global market size will reach US$ 600 million by 2024, from US$ 490 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Explosion Proof Solenoid Valves business, shared in Chapter 3.
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.
This study considers the Explosion Proof Solenoid Valves value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Two-way Solenoid Valves
Three-way Solenoid Valves
Four-way Solenoid Valves
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Chemical industry
Petrochemical
Oil and gas
Gas pipe network
Other
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
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
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Explosion Proof Solenoid Valves consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Explosion Proof Solenoid Valves market by identifying its various subsegments.
Focuses on the key global Explosion Proof Solenoid Valves manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Explosion Proof Solenoid Valves with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Explosion Proof Solenoid Valves submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Explosion Proof Solenoid Valves . Industry analysis & Market Report on Explosion Proof Solenoid Valves is a syndicated market report, published as Global Explosion Proof Solenoid Valves Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Explosion Proof Solenoid Valves market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.