Explosion-Proof Solenoid Valve Market size is estimated to be USD 1.2 Billion in 2024 and is expected to reach USD 2.5 Billion by 2033 at a CAGR of 8.9% from 2026 to 2033.
In 2022, the global explosion proof solenoid valve market was valued at approximately USD 566 million and is projected to reach USD 688.3 million by 2029, growing at a compound annual growth rate (CAGR) of 2.8% during the forecast period. This growth is driven by increasing industrial safety regulations and the rising demand for automation in hazardous environments. Regionally, North America accounted for a significant market share in 2022, attributed to stringent safety regulations and the presence of major industries such as oil and gas, chemical, and manufacturing. The Asia Pacific region is expected to witness substantial growth, with countries like China and India experiencing rapid industrialization and infrastructure development, leading to increased demand for explosion proof equipment. Europe also holds a considerable share, driven by strict safety standards and a robust industrial base.
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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
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Explosion-Proof Solenoid Valve Market
Direct Acting
Indirect Acting
Low Pressure (up to 150 PSI)
Medium Pressure (151-300 PSI)
High Pressure (above 300 PSI)
Brass
Stainless Steel
Plastic
Aluminum
Oil and Gas Industry
Chemical Processing
Pharmaceuticals
Pulp and Paper
Food and Beverage
Low Voltage (Below 24V)
Medium Voltage (24V - 110V)
High Voltage (Above 110V)
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Explosion-Proof Solenoid Valve Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Explosion-Proof Solenoid Valve Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Explosion-Proof Solenoid Valve Market, By Type
6. Global Explosion-Proof Solenoid Valve Market, By Application
7. Global Explosion-Proof Solenoid Valve Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Explosion-Proof Solenoid Valve Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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