Global Explosion-Proof Solenoid Valve market cagr 6.8%

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Explosion-Proof Solenoid Valve Market
Explosion-Proof Solenoid Valve Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031 Request Sample Report

Explosion-Proof Solenoid Valve Market Size and Growth

The global Explosion-Proof Solenoid Valve market is projected to witness significant growth due to increasing demand from industries such as oil & gas, chemical, and pharmaceutical. The market size is estimated to reach USD 2.4 billion by 2027, driven by strict safety regulations and growing awareness about explosion-proof equipment.

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Companies Covered (Covid 19 Impact Covered)

◍ 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

The explosion-proof solenoid valve market is competitive with key players such as Danfoss, Emerson, Parker Hannifin, Rotork, SMC Corporation, and others. These companies offer a wide range of solutions for various industries such as oil & gas, chemical, and pharmaceutical, contributing to the market's growth.

- Danfoss: $6.7 billion (2019)

- Emerson: $17.4 billion (2020)

- Omega Engineering: Not available

- Parker Hannifin: $14.3 billion (2020)

- Rotork: $731.4 million (2020)

- SMC Corporation: $8.62 billion (2020)

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Market Segmentation

By Application

◍ Chemical

◍ Water Treatment

◍ Oil and Gas

◍ Power Generation

◍ Other

By Product

◍ Two-Way Solenoid Valve

◍ Three-Way Solenoid Valve

◍ Four-Way Solenoid Valve

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Market Growth

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$ X Billion USD

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