Global Electronic Expansion Valves Market, By Types (Automatic Expansion Valves, Thermostatic Expansion Valves, Electronic Expansion Valves, Capillary Tubes, Float Valves), Materials (Solenoid, Stainless Steel, Piezo, Others), Category ((Electromagnetic EEV, Electric EEV), Application (Industrial, Automotive, Commercial and Residential), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa)- Industry Trends and Forecast to 2029.
Market Analysis and Insights of Electronic Expansion Valves Market
Electronic expansion valves market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the electronic expansion valves market to reach USD 1,234.5 million by 2029 and to exhibit a CAGR of 9.2% for the forecast period of 2022 to 2029.
The electronic expansion valve or EEV basically control the flow of refrigerant entering a direct expansion evaporator. These valves generally do this in response to signals sent to them by an electronic controller. A small motor is used to open and close the valve port. They are highly used in various end users such as industrial, automotive, commercial and residential.
The combination of flexibility of the electronic valve and extensive product customization availability will emerge as the major factor driving market growth in the forecast period of 2022 to 2029. Furthermore, the increasing deployment of air conditioning systems in commercial spaces such as offices, hotels, airports, educational institutions, hospitals, museums, and others will further aggravate the market value. However, the Higher cost of electronic expansion valves as compared to thermostatic expansion valves act as a restraint for the market. On the other hand, the stringent government regulations associated with safety and environment increases complexity which is further estimated to hamper the market’s growth within the forecasted period.
In addition to this, growing advancements by various well-established key players are estimated to create new opportunities for growing the market in the forecast period of 2022 to 2029. On the flip side, the increased incidence of refrigerant bleeding from electronic expansion valves to the condenser leading to some liquid entering the compressor, which can damage cooling devices results as a challenge for the market.
This electronic expansion valves 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, geographical expansions, technological innovations in the market. To gain more info on electronic expansion valves 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 Electronic Expansion Valves Market Scope and Market Size
The electronic expansion valves market is segmented on the basis of types, materials, category and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of types, the electronic expansion valves market has been segmented into automatic expansion valves, thermostatic expansion valves, electronic expansion valves, capillary tubes and float valves.
- Based on materials, the electronic expansion valves market has been segmented into solenoid, stainless steel, piezo and others.
- On the basis of category, the electronic expansion valves market has been segmented into electromagnetic EEV and electric EEV.
- On the basis of application, the electronic expansion valves market has been segmented into industrial, automotive, commercial and residential.
Electronic Expansion Valves Market Country Level Analysis
The electronic expansion valves market is analyzed and market size, volume information is provided by types, materials, category and application as referenced above.
The countries covered in the electronic expansion valves market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region dominates the electronic expansion valves market due to rise in government initiatives across the region to promote adoption of more energy-efficient air conditioning systems and reduce energy consumption in the region within the forecast period of 2022 to 2029. Asia-Pacific region, on the other hand, is projected to undergo substantial during the forecast period owing to the availability of low-priced air conditioning systems in China.
The country section of the electronic expansion valves 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 domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Electronic Expansion Valves Market Share Analysis
The electronic expansion valves 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 electronic expansion valves market.
Some of the major players operating in the electronic expansion valves market report are Sanhua, CAREL INDUSTRIES S.p.A., PARKER HANNIFIN CORP., Curtiss-Wright.; ALFA LAVAL, Valvitalia SpA; AVK Flow Control, Apollo Valves, HAM-LET GROUP, SAMSON CONTROLS, Dwyer Instruments LTD., Swagelok Company, Danfoss, Fujikoki Corporation, SAGINOMIYA SEISAKUSHO, INC., MAHLE GmbH, Zhejiang DUNAN Artificial Environment co., LTD, LG Electronics., Parker-Hannifin Corp., Schneider Electric Group and Emerson Electric Co., among others.
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