Report Description Table of Contents The explosion-proof solenoid valves market was worth USD 1.75 billion in 2023 and is expected to be worth USD 2.84 billion by 2030, expanding at a CAGR of 6.24% during the forecast period. Explosion-proof solenoid valves are specialized valves designed for use in hazardous environments, ensuring safe operation by preventing electrical sparks or heat from igniting flammable substances. They are commonly used in industries like oil & gas, chemical processing, and mining to control the flow of liquids or gases safely. The explosion-proof solenoid valves market is driven by increasing demand for safety in hazardous environments, and explosive substances like oil & gas, chemicals, mining, and pharmaceuticals. The global expansion of industries, such as the oil & gas industry, reached $4 trillion in 2022, increasing the need for explosion-proof equipment to prevent accidents. Furthermore, the ever-increasing regulatory standards concerning safety norms encompassing the ATEX and IECEx certifications develop an ever-increasing demand for explosion-proof solenoid valves so that safe operation is maintained in the environment when exposed to flammable gases or liquids. Key restraints to the explosion-proof solenoid valves market are the high costs associated with special materials and the procedures for certification that reduce its adoption in small and mid-sized industries. Recently, in 2023, Honeywell launched some cost-effective explosion-proof valves to address affordability concerns and offer a certified solution for hazardous environments at a reduced price. The explosion-proof solenoid valve market holds tremendous potential in various fields, particularly considering that investments in the oil and gas and chemical industries are projected to surpass $600 billion globally by 2025. These industries require higher levels of safety for operations in hazardous environments and create demand for explosion-proof solenoid valves. In 2023, ASCO's 2023 launched new explosion-proof valves for the oil industry, providing enhanced safety and reliability for high-risk areas. As industries prioritize safety, the market for explosion-proof solutions continues to grow, particularly in regions with fast-growing oil exploration, like the Middle East. Market Segmentation By Type: 2-Way 3-Way 4-Way 5-Way By Body Material: Stainless Steel Brass Aluminum Plastic By End-Use Industry: Oil & Gas Chemicals Pharmaceuticals Mining Food & Beverages Water & Wastewater By Application: Hazardous Environments Control and Automation Systems Fluid Handling Systems Process Control By Region North America US Mexico Canada Rest of North America Europe Switzerland Russia France Germany U.K Finland Turkey Netherlands Belgium Spain Italy Rest of Europe Asia Pacific India China South Korea Japan Singapore Thailand Indonesia Malaysia Philippines Australia Rest of Asia-Pacific LAMEA Brazil Argentina Uruguay Saudi Arabia Rest of LAMEA North America dominates the explosion-proof solenoid valves market, driven by the region's extensive oil & gas, chemical, and energy sectors, which require high safety standards in hazardous environments. In 2023, the United States accounted for a large share of demand contributed due to strict safety legislation, such as NFPA and OSHA, which makes the use of explosion-proof equipment mandatory in hazardous areas. For example, Emerson Electric Co. recently launched new explosion-proof solenoid valves tailored to the oil and gas industry's safety needs, further reinforcing North America's dominance in the market. Growing investments in industrial automation and smart manufacturing in the region increase demand for explosion-proof solutions. Honeywell's recent expansion of explosion-proof valve offerings in the U.S. shows how North America continues to lead the market, driven by regulatory requirements and technological innovation. Key Players Parker Hannifin Corporation ASCO (Emerson Electric Co.) Honeywell International Inc. Schneider Electric SE Bürkert Fluid Control Systems Danfoss A/S Aignep S.p.A Omega Engineering Rotex Automation Limited Nass Magnet GmbH Frequently Asked Question About This Report . Table of Contents 1. EXPLOSION-PROOF SOLENOID VALVES MARKET – PRODUCTION VOLUME BY REGION, (2024 – 2030) 1.1. North America 1.2. Europe 1.3. Asia Pacific 1.4. Latin America 1.5. Middle East & Africa 2. EXPLOSION-PROOF SOLENOID VALVES MARKET – REVENUE ($MILLION), BY REGION, (2024 – 2030) 2.1. North America 2.2. Europe 2.3. Asia Pacific 2.4. Latin America 2.5. Middle East & Africa 3. MARKET SHARE ANALYSIS – EXPLOSION-PROOF SOLENOID VALVES MARKET 3.1. Top 20 Players with Product Mix, Revenue, and Sales Volume 3.2. Market Share, 2023 3.3. Market by Type and End Use Outlook Analysis 4. HISTORIC TRENDS IN EXPLOSION-PROOF SOLENOID VALVES MARKET 5. EMERGING MARKET TRENDS 6. NORTH AMERICA EXPLOSION-PROOF SOLENOID VALVES MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 6.1. North America Explosion-proof solenoid valves Historical Market ($MILLION), (2017 – 2023) 6.2. North America Explosion-proof solenoid valves Market ($MILLION) and Forecasts (2024 – 2030) 6.3. North America Explosion-proof solenoid valves Market Type ($MILLION), and Forecasts (2024 – 2030), By Type 6.3.1. 2-Way 6.3.2. 3-Way 6.3.3. 4-Way 6.3.4. 5-Way 6.4. North America Explosion-proof solenoid valves Market Type ($MILLION), and Forecasts (2024 – 2030), By Body Material 6.4.1. Stainless Steel 6.4.2. Brass 6.4.3. Aluminum 6.4.4. Plastic 6.5. North America Explosion-proof solenoid valves Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 6.5.1. Hazardous Environments 6.5.2. Control and Automation Systems 6.5.3. Fluid Handling Systems 6.5.4. Process Control 6.6. North America Explosion-proof solenoid valves Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use Industry 6.6.1. Oil & Gas 6.6.2. Chemicals 6.6.3. Pharmaceuticals 6.6.4. Mining 6.6.5. Food & Beverages 6.6.6. Water & Wastewater 6.7. North America Explosion-proof solenoid valves Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 6.7.1. USA 6.7.2. Canada 6.7.3. Rest of North America 7. USA EXPLOSION-PROOF SOLENOID VALVES MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8. EUROPE EXPLOSION-PROOF SOLENOID VALVES MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8.1. Europe Explosion-proof solenoid valves Historical Market ($MILLION), (2017 – 2023) 8.2. Europe Explosion-proof solenoid valves Market ($MILLION) and Forecasts (2024 – 2030) 8.3. Europe Explosion-proof solenoid valves Market Type ($MILLION), and Forecasts (2024 – 2030), By Type 8.4. Europe Explosion-proof solenoid valves Market Type ($MILLION), and Forecasts (2024 – 2030), By Body Material 8.5. Europe Explosion-proof solenoid valves Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 8.6. Europe Explosion-proof solenoid valves Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use Industry 8.7. Europe Explosion-proof solenoid valves Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 8.7.1. Germany 8.7.2. France 8.7.3. UK 8.7.4. Italy 8.7.5. Spain 8.7.6. Rest of Europe 9. APAC EXPLOSION-PROOF SOLENOID VALVES MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 9.1. APAC Explosion-proof solenoid valves Historical Market ($MILLION), (2017 – 2023) 9.2. APAC Explosion-proof solenoid valves Market ($MILLION) and Forecasts (2024 – 2030) 9.3. APAC Explosion-proof solenoid valves Market Type ($MILLION), and Forecasts (2024 – 2030), By Type 9.4. APAC Explosion-proof solenoid valves Market Type ($MILLION), and Forecasts (2024 – 2030), By Body Material 9.5. APAC Explosion-proof solenoid valves Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 9.6. APAC Explosion-proof solenoid valves Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use Industry 9.7. APAC Explosion-proof solenoid valves Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 9.7.1. China 9.7.2. Japan 9.7.3. South Korea 9.7.4. India 9.7.5. Australia 9.7.6. Rest of APAC 10. LATIN AMERICA EXPLOSION-PROOF SOLENOID VALVES MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 10.1. Latin America Explosion-proof solenoid valves Historical Market ($MILLION), (2017 – 2023) 10.2. Latin America Explosion-proof solenoid valves Market ($MILLION) and Forecasts (2024 – 2030) 10.3. Latin America Explosion-proof solenoid valves Market Type ($MILLION), and Forecasts (2024 – 2030), By Type 10.4. Latin America Explosion-proof solenoid valves Market Type ($MILLION), and Forecasts (2024 – 2030), By Body Material 10.5. Latin America Explosion-proof solenoid valves Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 10.6. Latin America Explosion-proof solenoid valves Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use Industry 10.7. Latin America Explosion-proof solenoid valves Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 10.7.1. Brazil 10.7.2. Argentina 10.7.3. Rest of Latin America 11. COMPANY PROFILES: 11.1. Parker Hannifin Corporation 11.1.1. Company Overview 11.1.2. Company Snapshot 11.1.3. Operating business segments 11.1.4. Product offered and Revenue 11.1.5. Production & Sales 11.2. ASCO (Emerson Electric Co.) 11.3. Honeywell International Inc. 11.4. SCHNEIDER ELECTRIC SE 11.5. Bürkert Fluid Control Systems 11.6. Aignep S.p.A 11.7. OTHER MARKET PLAYERS