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The global oil pressure control solenoid valve market witnessed a healthy growth in the historical period of 2018-2023, aided by the rising applications across industries. The market is expected to be aided by the solenoid valve market, which is projected to grow at a CAGR of 4% during the forecast period of 2024-2032 to reach a value of USD 5.85 billion.
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With the growing investments in the oil and gas sector, the demand for oil pressure control solenoid valves is expected to grow in the coming years. They find their application right from the extraction of crude oil and gas till they reach the customers via refinery and oil terminals and depots. Additionally, the increased automation and technological advancements are expected to drive the oil pressure control solenoid valve market forward. Moreover, the increasing government regulations on the industries, such as oil and gas, are expected to drive the industry forward. The government regulations have prioritised the safety factors. Therefore, there have been significant enhancements in the safety features of the valves, such as detecting internal and external leakages.
Oil pressure control solenoid valve is a valve that is operated electromechanically, that is, it can be controlled by an electric current flowing through a solenoid, which, in turn, creates a magnetic field to open or close the plunger mechanism. They are often used as control elements in aqueous and gaseous fluids and the automotive industry.
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Based on design, the market can be divided into:
Based on material type, the industry is segmented into:
Based on end use, the market is divided into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The significant use of oil pressure control solenoid valve in various end-use industries like oil and gas, water treatment, and chemicals, is driving the market forward. As new industries are joining the market, there has been a rise in new control designs for the components and improvements in the existing structures of oil pressure control solenoid valves, taking the market forward. Increased automation in almost every sector is acting as a catalyst to the market growth. The increasing government regulations on oil and gas are also aiding the market. The increased safety awareness in these industries has led to the increased usage of these valves; thus, further aiding the market growth.
The report gives a detailed analysis of the following key players in the global oil pressure control solenoid valve market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the industry based on Porter's five forces model, along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Design |
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| Breakup by Material Type |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global market for oil pressure control solenoid valve is being aided by the solenoid valve market, which is projected to grow at a CAGR of 4% between 2024 and 2032.
The solenoid valve market is estimated to reach about USD 5.85 billion by 2032, continuing to support the growth of the pressure control solenoid valve industry.
The major drivers of the industry, such as the increasing applications in various end-use industries, improvements in designs, and favourable government regulations, are expected to aid the market growth.
The key market trend guiding the growth of the market is the increasing usage in industries and changed designs for components.
The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The leading product design types in the industry are 2-way, 3-way, 4-way, and 5-way valves.
The major material segments in the market include aluminium, brass, stainless steel, and plastic.
The major end-use sectors in the industry are oil and gas, chemical and petrochemical, food and beverage, pharmaceutical and biotechnology, power generation, and water and wastewater treatment, among others.
The major players in the industry are Mitsubishi Electric Corporation, Rotex Automation, Siemens Aktiengesellschaft, SMC Corporation of America, Parker Hannifin Corp., and Burkert Contromatic Pvt. Ltd., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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