Press release
Explosion Proof Solenoid Valves Market to reach 650 million US$ by 2025- QY Research, Inc.
A solenoid valve is an electromechanically operated valve. The valve is controlled by an electric current through a solenoid: in the case of a two-port valve the flow is switched on or off; in the case of a three-port valve, the outflow is switched between the two outlet ports. Multiple solenoid valves can be placed together on a manifold.
Worldwide, Europe is the largest market of explosion proof solenoid valve consumption value market, while China is the largest consumption volume market. It is estimated that Europe accounts for about 30% of the industry total revenue. After development of about two decades, China has become the largest consumption volume markket of explosion proof solenoid valve. In 2016, China produces about 25.58% of the global total consumption volume. The market in other developing countries or regions, such as South America is becoming the most important emerging consumption market of solenoid valve. And the production technology and production scale of explosion proof solenoid valve in these regions are also developing quickly, partly driven by the capacity movement from developed countries.
For the applications of explosion proof solenoid valve, products for Chemical industry, Petrochemical, Oil and gas and Gas pipe network are the main market driven engine for industry consumption volume. The demand of explosion proof solenoid valve on Chemical industry accounts for more than 30% of the market consumption volume.
The global Explosion Proof Solenoid Valves market is valued at 490 million US$ in 2017 and will reach 650 million US$ by the end of 2025, growing at a CAGR of 3.5% during 2018-2025.
Request Sample Copy of the Report @ https://www.qyresearch.com/sample-form/form/384671/global-explosion-proof-solenoid-valves-market
The major manufacturers covered in this report
ASCO
Parker
Kendrion
Festo
SMC
Bürkert
Norgren
CKD
KONAN ELECTRIC
ODE
Peter Paul valve
Airtec
Shanghao Hope
SHAKO
Rotex
Kaneko Corporation
JVL
Shanghai Taiming
Zhejiang Yongjiu
PRO UNI-D
Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering
North America
Europe
China
Japan
India
Southeast Asia
Other regions (Central & South America, Middle East & Africa)
Click to view the full report TOC, figure and tables: https://www.qyresearch.com/index/detail/384671/global-explosion-proof-solenoid-valves-market
QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert’s resources (included energy automotive chemical medical ICT consumer goods etc.
QY Research, INC.
17890 Castleton,
Suite 218,
City of industry, CA - 91748
USA: +1 626 295 2442
Email – inquiry@qyrsearch.com
Web – www.qyresearch.com
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