City of Industry, CA -- (SBWire) -- 06/21/2018 --This report studies the global Explosion Proof Solenoid Valves industry status, China market entry and growth opportunity, focuses on the Chinese local and International manufacturers, analyzes the China market competition landscape, market size (value and volume), opportunity and challenge, risk and entry barriers.
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.
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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 market 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.
The global Explosion Proof Solenoid Valves market is valued at 490 million USD in 2017 and is expected to reach 650 million USD by the end of 2025, growing at a CAGR of 3.4% between 2018 and 2025.
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This research report categorizes the China and global Explosion Proof Solenoid Valves market by type, end-use industry, and region.
International Manufacturers Covered
ASCO
Parker
Kendrion
Festo
SMC
Bürkert
Norgren
CKD
KONAN ELECTRIC
ODE
Peter Paul valve
Airtec
SHAKO
Rotex
Kaneko Corporation
China Local Manufacturers Covered
JVL
Shanghao Hope
Shanghai Taiming
Zhejiang Yongjiu
PRO UNI-D
...
By Type
Two-way Solenoid Valves
Three-way Solenoid Valves
Four-way Solenoid Valves
Others
By Application
Chemical industry
Petrochemical
Oil and gas
Gas pipe network
Other
By Region
United States
Europe
Japan
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Global Explosion Proof Solenoid Valves Market Growth Opportunity 2018-2025
The global Explosion Proof Solenoid Valves market is valued at 490 million USD in 2017 and is expected to reach 650 million USD by the end of 2025, growing at a CAGR of 3.4% between 2018 and 2025.