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Oil Pressure Control Solenoid Valve Market

Global Oil Pressure Control Solenoid Valve Market Size: By Design: 2-Way, 3-Way, 4-Way, 5-Way; By Material Type: Aluminium, Brass, Stainless Steel, Plastic; By End Use: Oil and Gas, Chemical and Petrochemical, Food and Beverage, Pharmaceutical and Biotechnology, Power Generation, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global Oil Pressure Control Solenoid Valve Market Outlook

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.

 

Oil Pressure Control Solenoid Valve Market

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Chemical and Petrochemical Industry Expected to Hold a Major Share in the Global Market for Oil Pressure Control Solenoid Valve

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: Market Segmentation

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.

 

Global Oil Pressure Control Solenoid Valve Market By Material Type

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Based on design, the market can be divided into:

  • 2-Way
  • 3-Way
  • 4-Way
  • 5-Way

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.

 

Oil Pressure Control Solenoid Valve Market by Region

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Wide Applications of Oil Pressure Control Solenoid Valve are Driving the Market Growth

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. 

 

Key Industry Players in the Global Oil Pressure Control Solenoid Valve Market

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:

  • Mitsubishi Electric Corporation
  • Rotex Automation
  • Siemens Aktiengesellschaft
  • SMC Corporation of America
  • Parker Hannifin Corp.
  • Burkert Contromatic Pvt. Ltd. 
  • Others

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.

 

Key Highlights of the Report

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:

  • Design
  • Material Type
  • End Use
  • Region
Breakup by Design
  • 2-Way
  • 3-Way
  • 4-Way
  • 5-Way
Breakup by Material Type
  • Aluminium
  • Brass
  • Stainless Steel
  • Plastic
Breakup by End Use
  • Oil and Gas
  • Chemical and Petrochemical
  • Food and Beverage
  • Pharmaceutical and Biotechnology
  • Power Generation
  • Water and Wastewater Treatment
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Mitsubishi Electric Corporation
  • Rotex Automation
  • Siemens Aktiengesellschaft
  • SMC Corporation of America
  • Parker Hannifin Corp.
  • Burkert Contromatic Pvt. Ltd. 
  • Others
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.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Oil Pressure Control Solenoid Valve Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Oil Pressure Control Solenoid Valve Historical Market (2018-2023) 
    8.3    Global Oil Pressure Control Solenoid Valve Market Forecast (2024-2032)
    8.4    Global Oil Pressure Control Solenoid Valve Market by Design 
        8.4.1    2-Way
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    3-Way
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    4-Way
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    5-Way
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
    8.5    Global Oil Pressure Control Solenoid Valve Market by Material Type 
        8.5.1    Aluminium
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Brass
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Stainless Steel
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Plastic
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
    8.6    Global Oil Pressure Control Solenoid Valve Market by End Use 
        8.6.1    Oil and Gas    
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Chemical and Petrochemical
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Food and Beverage
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Pharmaceutical and Biotechnology
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Power Generation
            8.6.5.1    Historical Trend (2018-2023)
            8.6.5.2    Forecast Trend (2024-2032)
        8.6.6    Water and Wastewater Treatment
            8.6.6.1    Historical Trend (2018-2023)
            8.6.6.2    Forecast Trend (2024-2032)
        8.6.7    Others
    8.7    Global Oil Pressure Control Solenoid Valve Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032) 
9    North America Oil Pressure Control Solenoid Valve Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Oil Pressure Control Solenoid Valve Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Oil Pressure Control Solenoid Valve Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Oil Pressure Control Solenoid Valve Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Oil Pressure Control Solenoid Valve Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Mitsubishi Electric Corporation 
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Rotex Automation.
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Siemens Aktiengesellschaft
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    SMC Corporation of America
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Parker Hannifin Corp.
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Burkert Contromatic PVT Ltd
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Oil Pressure Control Solenoid Valve Market: Key Industry Highlights, 2018 and 2032
2.    Global Oil Pressure Control Solenoid Valve Historical Market: Breakup by Design (USD Million), 2018-2023
3.    Global Oil Pressure Control Solenoid Valve Market Forecast: Breakup by Design (USD Million), 2024-2032
4.    Global Oil Pressure Control Solenoid Valve Historical Market: Breakup by Material Type (USD Million), 2018-2023
5.    Global Oil Pressure Control Solenoid Valve Market Forecast: Breakup by Material Type (USD Million), 2024-2032
6.    Global Oil Pressure Control Solenoid Valve Historical Market: Breakup by End Use (USD Million), 2018-2023
7.    Global Oil Pressure Control Solenoid Valve Market Forecast: Breakup by End Use (USD Million), 2024-2032
8.    Global Oil Pressure Control Solenoid Valve Historical Market: Breakup by Region (USD Million), 2018-2023
9.    Global Oil Pressure Control Solenoid Valve Market Forecast: Breakup by Region (USD Million), 2024-2032
10.    North America Oil Pressure Control Solenoid Valve Historical Market: Breakup by Country (USD Million), 2018-2023
11.    North America Oil Pressure Control Solenoid Valve Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Europe Oil Pressure Control Solenoid Valve Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Europe Oil Pressure Control Solenoid Valve Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Asia Pacific Oil Pressure Control Solenoid Valve Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Asia Pacific Oil Pressure Control Solenoid Valve Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Latin America Oil Pressure Control Solenoid Valve Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Latin America Oil Pressure Control Solenoid Valve Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Middle East and Africa Oil Pressure Control Solenoid Valve Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Middle East and Africa Oil Pressure Control Solenoid Valve Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    Global Oil Pressure Control Solenoid Valve Market Structure

Key Questions Answered in the Report

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.

Analyst Review

The global oil pressure control solenoid valve market is being driven by increasing applications in various end use industries. The market is aided by the solenoid valve growth, which is expected to witness a moderate growth in the forecast period of 2024-2032, growing at a CAGR of 4% to reach a value of USD 5.85 billion.

EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By product design type, the market is bifurcated into 2-way, 3-way, 4-way, and 5-way valves. Based on material type, the market is divided into aluminium, brass, stainless steel, and plastic. Based on end use, the industry is majorly divided into oil and gas, chemical and petrochemical, food and beverage, pharmaceutical and biotechnology, power generation, and water and wastewater treatment, among others. The major regional markets for the product include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Mitsubishi Electric Corporation, Rotex Automation, Siemens Aktiengesellschaft, SMC Corporation of America, Parker Hannifin Corp., and Burkert Contromatic Pvt. Ltd., among others.

EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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