DUBLIN--(BUSINESS WIRE)--Jul 5, 2018--The "Korea China Spark Plug Market by Electrode Material and Application - Opportunity Analysis and Industry Forecast, 2017-2023" report has been added to ResearchAndMarkets.com's offering.

The Korea China spark plug market was valued at $670 million in 2016, and is projected to reach at $947 million by 2023, growing at a CAGR of 5.2% from 2017 to 2023.

Spark plug is an electrical device, threaded into the cylinder of spark ignition engine, which produces a spark to ignite the combustible air-fuel mixture in the cylinder bore. A spark plug comprises a shell, resistance, electrodes, and an insulator.

In 2016, the iridium segment dominated the market in terms of revenue and is estimated to reach $505 million in 2023, due to advancement in its technology and long service life.

China was the highest revenue contributor to the Korea China spark plug market in 2016, accounting for around 94.46% of the market share.

Companies Mentioned:

NGK Spark Plug Co. Ltd. Federal-Mogul Corporation Denso Corporation Robert Bosch Gmbh FRAM Group IP LLC. Enerpulse Technologies Inc. Stitt Spark Plug Acdelco Corporation E3 Sparkplugs Zhuzhou Torch Spark Plug Weichai Power Co. Ltd. MSD Performance Ford Motor Company Valeo SA.

Key Topics Covered:

Chapter 1: Introduction

Chapter 2: Executive Summary

Chapter 3: Market Overview

Chapter 4: Korea & China Spark Plug Market, By Electrode Material

Chapter 5: Korea & China Spark Plug Market, By Application

Chapter 6: Korea & China Spark Plug Market, By Country

Chapter 7: Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/jsbc96/korea_and_china?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180705005309/en/

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Related Topics:Engines and Engine Parts

KEYWORD: ASIA PACIFIC CHINA SOUTH KOREA

INDUSTRY KEYWORD: TECHNOLOGY HARDWARE MANUFACTURING AUTOMOTIVE MANUFACTURING AUTOMOTIVE OTHER AUTOMOTIVE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 07/05/2018 10:07 AM/DISC: 07/05/2018 10:06 AM

http://www.businesswire.com/news/home/20180705005309/en