Solenoid Valves Market - Forecast(2020 - 2025)
Solenoid Valves Market Overview: According to Trade Map statistics, taps and valves valued at $95,255,390 were imported throughout the world in the year 2018. [1] Such is the massive requirement of valves in the current industrial scenario as they are useful in controlling hydraulic systems in boilers and heaters. A massive division of this export belongs to the solenoid market which is being used for multiple purposes now. The solenoid valves market has a large end-user industry which includes water treatment plants, power generation plants, chemical industry, food and beverage industry, and many others. The most important end user industry is automotive in which solenoid valves are used in starting systems of trucks and cars. On starting a vehicle, the current passes from the battery to the valve which in turns generates power in the car or truck. Without these valves, driving a vehicle is almost impossible, which is why this application segment is expected to grow with a health