SOLENOID VALVES MARKET ANALYSIS
Global Solenoid Valves Market: Regional Insights
North America held a dominant position in the global solenoid valves market in 2017 and is expected to retain its dominance throughout the forecast period. This growth is attributed to increasing need for clean and hygienic water supply, which is boosting demand for water treatment plants, in turn boosting growth of the solenoid valves market. The market in Asia Pacific region is estimated to exhibit the highest CAGR during the forecast period. This is attributed to increasing adoption of solenoid valves for domestic purposes and upgrading their facilities with the deployment of automation technologies.
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