Mining safety drives solenoid valves growth

According to a recent report by IndustryARC “Solenoid Valves Market Analysis: By Types; By Industry – With Forecast (2015-2020),” the solenoid valves market is expected to grow at a compound annual growth rate (CAGR) of 3.8% until 2020.
According to the report, catastrophic disasters in critical industries such as Mining, Oil & Gas and the Nuclear Power industry, to name a few, are a large contributing factor to this annual growth. Mine workers, especially underground mine workers, are at constant risk of being exposed to explosion, fire, leakage of harmful gases, toxic atmospheric contamination and dust. Solenoid valves can be used as a safety measure so as to mitigate the effect of a potential disaster. For instance, a sensor along with a solenoid valve can be installed so that in case of an emergency, the activation of the valve can send a mass notification to the employees to vacate the mine. Solenoid valves can be used to monitor temperature and atmospheric conditions so that in situations such as an explosion within a mine, automatic supply of water to put out fire can be controlled with the help of these valves. They can also monitor leakage of harmful gases or contamination of the atmosphere caused by operations such as ground excavation, and can indicate halt of the process. These examples are only a few applications of solenoid valves as safety components.
IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, including Chemicals and Materials, and Energy and Power.

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