Global Automotive Electronic Expansion Valve Market, By Type (Electromagnetic, Electric), Application (Commercial Vehicle, Passenger Car), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Automotive Electronic Expansion Valve Market
Data Bridge Market Research analyses that the automotive electronic expansion valve market would exhibit a CAGR of 5.59% for the forecast period of 2022-2029.
An automotive electronic expansion valve is widely used as a cooling system in heavy vehicles in addition automotive electronic expansion valves offer superior performance but also reduce energy consumption.
The technological developments aimed at reducing carbon dioxide (CO2) emissions is the major factor accelerating the growth of the automotive electronic expansion valve market in the forecast period of 2022-2029. Furthermore, rapid innovations in engine manufacturing and focus of governments to reduce emissions is are also expected to drive the growth of the automotive electronic expansion valve market. However, the high initial & maintenance costs can restrains the automotive electronic expansion valve market, whereas, increased adoption of electric vehicles across the globe will challenge market growth in the above mentioned forecast period.
In addition, stringent rules and regulations by the government to reduce CO2 emissions to protect the environment will create ample opportunities for the automotive electronic expansion valve market.
This automotive electronic expansion valve market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automotive electronic expansion valve market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automotive Electronic Expansion Valve Market Scope and Market Size
The automotive electronic expansion valve market is segmented on the basis of type and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the automotive electronic expansion valve market has been segmented into electromagnetic and electric.
- On the basis of application, the automotive electronic expansion valve market is segmented into commercial vehicle and passenger car.
Automotive Electronic Expansion Valve Market Country Level Analysis
The global automotive electronic expansion valve market is analysed and market size insights and trends are provided by country, type and application as referenced above.
The countries covered in the automotive electronic expansion valve market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the automotive electronic expansion valve market and will continue to flourish its trend of dominance during the forecast period owing to the rise in per capita income in various developing countries. North-America region is showing the highest (CAGR) rate. This is owing to the advanced technologically and changing lifestyle in the region.
The country section of the automotive electronic expansion valve market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Electronic Expansion Valve Market Share Analysis
The automotive electronic expansion valve market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive electronic expansion valve market.
Some of the major players operating in the automotive electronic expansion valve market report are Emerson Electric Co., Schlumberger Limited., Flowserve Corporation, IMI, Metso Corporation, GE VALVE, Curtiss-Wright Corporation, Crane Co., Neway valve., McWane, Inc., ALFA LAVAL, Rotork, KITZ Corporation, KSB SE & Co. KGaA, Velan Inc., Honeywell., Spirax-Sarco Engineering plc, SAMSON AG, Forbes Marshall and Swagelok Company among other.
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