India Solenoid Valves Market - Forecast (2021 - 2026) - PowerPoint PPT Presentation

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India Solenoid Valves Market - Forecast (2021 - 2026)

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The India Solenoid Valves is estimated to surpass $604 million mark by 2026 growing at an estimated CAGR of more than 5.2% during the forecast period 2021 to 2026. Solenoid valves are employed as control elements for fluid power controlling both aqueous and gaseous fluids. Solenoid valves are primarily used as controlling devices in systems and motors where liquid and gas flow rate needs to be regulated through safe switching. These valves which can be internally piloted by passing electric current through the solenoid, thus creating a magnetic field to open or close the plunger mechanism. According to Enerdata, countries like China, the U.S., India and Russia are the highest consumers of energy as per the 2019. The increasing industrial growth coupled with the rising population accounts for the increase in energy consumption. This trend includes a huge number of investments into the power sector, which will propel the market for solenoid valves. – PowerPoint PPT presentation

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Date added: 16 November 2021
Slides: 9
Provided by: jpallavi
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