QYR Market Research Global Explosion Proof Solenoid Valves market | Page 4

QYResearch
• 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.
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