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Global Oil Pressure Control Solenoid Valve Market: 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, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Competitive Landscape; Industry Events and Developments
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 2017-2021, 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 2022-2027 to reach a value of USD 5 billion.
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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.
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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:
- Aluminium
- Brass
- Stainless Steel
- Plastic
Based on end use, the market is divided into:
- Oil and Gas
- Chemical and Petrochemical
- Food and Beverage
- Pharmaceutical and Biotechnology
- Power Generation
- Water and Wastewater Treatment
- Others
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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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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| 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, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| 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. |
*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 Industry Opportunities and Challenges
8 Global Oil Pressure Control Solenoid Valve Market Analysis
8.1 Key Industry Highlights
8.2 Global Oil Pressure Control Solenoid Valve Historical Market (2017-2021)
8.3 Global Oil Pressure Control Solenoid Valve Market Forecast (2022-2027)
8.4 Global Oil Pressure Control Solenoid Valve Market by Design
8.4.1 2-Way
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 3-Way
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 4-Way
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 5-Way
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2017-2021)
8.4.4.3 Forecast Trend (2022-2027)
8.5 Global Oil Pressure Control Solenoid Valve Market by Material Type
8.5.1 Aluminium
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Brass
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Stainless Steel
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 Plastic
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2017-2021)
8.5.4.3 Forecast Trend (2022-2027)
8.6 Global Oil Pressure Control Solenoid Valve Market by End Use
8.6.1 Oil and Gas
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Chemical and Petrochemical
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 Food and Beverage
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2017-2021)
8.6.3.3 Forecast Trend (2022-2027)
8.6.4 Pharmaceutical and Biotechnology
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2017-2021)
8.6.4.3 Forecast Trend (2022-2027)
8.6.5 Power Generation
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2017-2021)
8.6.5.3 Forecast Trend (2022-2027)
8.6.6 Water and Wastewater Treatment
8.6.6.1 Market Share
8.6.6.2 Historical Trend (2017-2021)
8.6.6.3 Forecast Trend (2022-2027)
8.6.7 Others
8.7 Global Oil Pressure Control Solenoid Valve Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Mitsubishi Electric Corporation
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Rotex Automation.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Siemens Aktiengesellschaft
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 SMC Corporation of America
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Parker Hannifin Corp.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Burkert Contromatic PVT Ltd
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Oil Pressure Control Solenoid Valve Market: Key Industry Highlights, 2016 and 2026
2. Global Oil Pressure Control Solenoid Valve Historical Market: Breakup by Design (USD Million), 2017-2021
3. Global Oil Pressure Control Solenoid Valve Market Forecast: Breakup by Design (USD Million), 2022-2027
4. Global Oil Pressure Control Solenoid Valve Historical Market: Breakup by Material Type (USD Million), 2017-2021
5. Global Oil Pressure Control Solenoid Valve Market Forecast: Breakup by Material Type (USD Million), 2022-2027
6. Global Oil Pressure Control Solenoid Valve Historical Market: Breakup by End Use (USD Million), 2017-2021
7. Global Oil Pressure Control Solenoid Valve Market Forecast: Breakup by End Use (USD Million), 2022-2027
8. Global Oil Pressure Control Solenoid Valve Historical Market: Breakup by Region (USD Million), 2017-2021
9. Global Oil Pressure Control Solenoid Valve Market Forecast: Breakup by Region (USD Million), 2022-2027
10. North America Oil Pressure Control Solenoid Valve Historical Market: Breakup by Country (USD Million), 2017-2021
11. North America Oil Pressure Control Solenoid Valve Market Forecast: Breakup by Country (USD Million), 2022-2027
12. Europe Oil Pressure Control Solenoid Valve Historical Market: Breakup by Country (USD Million), 2017-2021
13. Europe Oil Pressure Control Solenoid Valve Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Asia Pacific Oil Pressure Control Solenoid Valve Historical Market: Breakup by Country (USD Million), 2017-2021
15. Asia Pacific Oil Pressure Control Solenoid Valve Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Latin America Oil Pressure Control Solenoid Valve Historical Market: Breakup by Country (USD Million), 2017-2021
17. Latin America Oil Pressure Control Solenoid Valve Market Forecast: Breakup by Country (USD Million), 2022-2027
18. Middle East and Africa Oil Pressure Control Solenoid Valve Historical Market: Breakup by Country (USD Million), 2017-2021
19. Middle East and Africa Oil Pressure Control Solenoid Valve Market Forecast: Breakup by Country (USD Million), 2022-2027
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 2021 and 2026.
The solenoid valve market is estimated to reach about USD 5 billion by 2026, 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 2022-2027, growing at a CAGR of 4% to reach a value of USD 5 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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