Market Overview:
The global interlock solenoids market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for interlock solenoids in various applications, such as manufacturing industry, power industry, construction, and others. In addition, the growing awareness about safety among consumers is also propelling the growth of this market. Based on type, the global interlock solenoids market can be segmented into 24V, 110 V, 240 V and other types. Among these types, 240 V is expected to witness highest growth during the forecast period owing to its wide usage across various applications. Based on application, the global interlock solenoids market can be segmented into manufacturing industry (such as automotive components), power industry (such as electric vehicles), construction (including building & construction and infrastructure), and other applications (including medical devices and aerospace).
Product Definition:
Interlock solenoids are electromechanical devices that use the attraction and repulsion of magnets to control the flow of fluid or air. They are used in a variety of applications, including hydraulic systems, pneumatic systems, and fuel injection systems. Interlock solenoids are important because they allow for precise control over the flow of fluid or air.
24V:
24V is a voltage range that is greater than or equal to 12 V and less than or equal to 25.6 V. It’s also known as the high-voltage side of the battery. The 24V interlock solenoids are used in applications such as parking meters, traffic signals, and railway signal systems among others where there is a need for controlling access to ensure safety measures at stations, crossroads and junctions among other places.
110 V:
The 110 V is a standard electrical voltage which is widely used in the interlock solenoids. The usage of this product helps to avoid the damage caused by short circuits and overvoltage. It also helps to reduce energy consumption, maintenance cost, and replacement cost of equipment.
110 V products are available in different shapes and sizes which help to fit any type of lock systems easily.
Application Insights:
The manufacturing industry was the largest application segment in 2016 and is expected to continue its dominance over the forecast period. The interlock solenoids used in this sector are designed with features, such as high-power capability, thermal overload protection, and short circuit protection. These motors are widely used for heavy-duty industrial applications including paper machines, cement mills etc.
The construction industry is also anticipated to be one of the fastest growing segments during the forecast period owing to increasing infrastructure spending globally. Countries such as India and China are investing heavily in this sector which is likely to provide a positive scope for growth over next few years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing construction activities in emerging economies, such as China and India. In addition, rising demand for electric vehicles in countries like China and Japan is anticipated to drive product demand further. Europe accounted for a significant share of global market revenue owing to large manufacturing bases of major automotive companies such as Volkswagen AG; BMW Group; Daimler AG; Mercedes-Benz Cars S.A.; Ford Motor Company Ltd.; Opel General Motors Co., Ltd.; Fiat Chrysler Automobiles N.V.
The Middle East & Africa region is projected to witness substantial growth over the coming years owing to rapid development taking place across several sectors including oil & gas, power generation, petrochemicals & plastics industries etc.
Growth Factors:
- Increasing demand for Interlock Solenoids in automotive industry
- Growing demand from the construction sector
- Rising popularity of solenoid valves in various industrial applications
- Technological advancements in solenoid valve design and manufacturing process
- Growing awareness about the benefits of using solenoid valves over traditional valves
Scope Of The Report
Report Attributes
Report Details
Report Title
Interlock Solenoids Market Research Report
By Type
24V, 110 V, 240V, Other
By Application
Manufacturing Industry, Power Industry, Construction, Other
By Companies
Omron, IDEM Inc, Siemens, Schneider, Electric Schmersal, ABB, KSS, Johnson Electric, Euchner, Telemecanique, Omron, Banner, Pilz, Bernstein Safety, Mecalectro
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
221
Number of Tables & Figures
155
Customization Available
Yes, the report can be customized as per your need.
Global Interlock Solenoids Market Report Segments:
The global Interlock Solenoids market is segmented on the basis of:
Types
24V, 110 V, 240V, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Manufacturing Industry, Power Industry, Construction, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Omron
- IDEM Inc
- Siemens
- Schneider
- Electric Schmersal
- ABB
- KSS
- Johnson Electric
- Euchner
- Telemecanique
- Omron
- Banner
- Pilz
- Bernstein Safety
- Mecalectro
Highlights of The Interlock Solenoids Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 24V
- 110 V
- 240V
- Other
- By Application:
- Manufacturing Industry
- Power Industry
- Construction
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Interlock Solenoids Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Interlock solenoids are a type of valve that is used in gas pipelines. They are designed to prevent the flow of gas if one of the valves becomes open.
Some of the major companies in the interlock solenoids market are Omron, IDEM Inc, Siemens, Schneider, Electric Schmersal, ABB, KSS, Johnson Electric, Euchner, Telemecanique, Omron, Banner, Pilz, Bernstein Safety, Mecalectro.
The interlock solenoids market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Interlock Solenoids Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Interlock Solenoids Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Interlock Solenoids Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Interlock Solenoids Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Interlock Solenoids Market Size & Forecast, 2020-2028
4.5.1 Interlock Solenoids Market Size and Y-o-Y Growth
4.5.2 Interlock Solenoids Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 24V
5.2.2 110 V
5.2.3 240V
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Manufacturing Industry
6.2.2 Power Industry
6.2.3 Construction
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Interlock Solenoids Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Interlock Solenoids Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 24V
9.6.2 110 V
9.6.3 240V
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Manufacturing Industry
9.10.2 Power Industry
9.10.3 Construction
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 24V
10.6.2 110 V
10.6.3 240V
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Manufacturing Industry
10.10.2 Power Industry
10.10.3 Construction
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 24V
11.6.2 110 V
11.6.3 240V
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Manufacturing Industry
11.10.2 Power Industry
11.10.3 Construction
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 24V
12.6.2 110 V
12.6.3 240V
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Manufacturing Industry
12.10.2 Power Industry
12.10.3 Construction
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 24V
13.6.2 110 V
13.6.3 240V
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Manufacturing Industry
13.10.2 Power Industry
13.10.3 Construction
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Interlock Solenoids Market: Competitive Dashboard
14.2 Global Interlock Solenoids Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Omron
14.3.2 IDEM Inc
14.3.3 Siemens
14.3.4 Schneider
14.3.5 Electric Schmersal
14.3.6 ABB
14.3.7 KSS
14.3.8 Johnson Electric
14.3.9 Euchner
14.3.10 Telemecanique
14.3.11 Omron
14.3.12 Banner
14.3.13 Pilz
14.3.14 Bernstein Safety
14.3.15 Mecalectro
